Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
There seems to be some ongoing obsession with the character Myosotis on this site.
Maybe it’s been noted before but the posting name used (Myosotis) relates to a broad group of flowering plants collectively known as “Forget Me Not”. Maybe he ( surely a he?) chose his name with cryptic care.
Guru, Legend, Pedantic Researcher? Not forgotten, so far. Remembered for .....
PPS..... and we all want to buy at the bottom. Is that “now”? Who knows? NB If you have elected to receive scrip dividends, don’t forget to cancel that arrangement and opt to receive cash, if that is how you wish to proceed. Time is running out for that option.
I’m not sure if this is relevant, but...if you reinvest your dividends via the Barclays scrip dividend scheme, then I believe that the striking price is higher than the present share price. Therefore you could buy now in the open market and wait for your cash dividend to be paid as normal (depending on how you actually receive divs at present ie in shares or cash)
Hope this helps and doesn’t complicate matters. NB if you visit Hargreaves Lansdown share price for Barclays and open company notifications you will see the scrip strike price as released by Barclays.
Yes I knew that and apologies to 15Lives for not giving him the specific information that he requested. I simply tried to give him some general information on a similar situation. (Before Carillion’s final demise, they suspended the dividend and the share price plummeted, thus ensuring that there was no chance of raising further funds from shareholders.)
History rarely repeats itself entirely but similar circumstances usually result in similar outcomes.
IN RESPONSE TO 15LIVES
Yes, many companies have collapsed over the years due to lack of working capital. Carillion PLC is probably the most recent and infamous. An internet search will reveal the background and reasons but simplistically, a lack of working capital and a reluctance by lenders to provide requests for more money brought it down. They had loads of “work in progress” which would have had a positive value in the balance sheet but when the lenders lost confidence, that was the end of it. ( I could list many more PLCs that collapsed in similar circumstances)
It strikes me that many of the PI’s on this site are basing their actions and intentions on emotional
involvement rather than measured analysis coupled with probability. The probability bit can be assessed by looking at similar case studies over the past and especially in the worldwide history of mineral extraction.
On a personal basis, I’ve been in this share twice (with about 1% of my portfolio.) I won once and lost once. My recent disposal was at a loss, but I took the view that “a bird in the hand is worth two in the bush”.
The writing was on the wall, I thought, when the board could not get the £500m junk rated bond away. My personal view then was that the game was up.
Despite many people grasping at a hope or certainty that the company is worth more than its stock exchange valuation, the market is not telling us that. That is the same market that we have been investing in these last few years.
To put that in context, Barclays shares are presently trading around one pound less than net tangible assets. And yet, the share price is where it is, despite many brokers rating the share a buy with target prices above the present trading price.
Clearly and rightly, people will make their own minds up and sell, vote or whatever accordingly. Reliable professional opinions must be worth more than thoughts expressed on a chat site. Anybody taking the trouble to read my post is welcome to dismiss my thoughts as similarly worthless.