Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
IHT - if you pass your property to direct relatives (children) then IHT threshold is £1m. Then take out a whole of life 2nd death life policy in trust for your kids for the tax on the other £1m, which is £400k IHT liability. (Annual premiums circa £5k for reasonably healthy 60 year olds). This has the double effect of a) removing £5k per annum from your estate, so reducing IHT in the long run, and b) providing the £400k your kids need to pay the tax when you both die. Even if one of you lives for 40 years to age 100, you only pay £200k in premiums for a £400k tax free payout - good long term (one hopes) investment.
I bought heavily into this share this last 12 months, at 26p, 24p, 23p and latterly 18p, but have now dumped all of my shares (over 200,000 shares) in 5 tranches (couldn't get out in one hit) and lost circa £25k in the process. Sorry, but my reasoning is the fact they have had to apply for the Govt loan, with no guarantees they will get it, and this does not fill me with confidence they will be able to renegotiate their existing debt concerns in June. Add in the current situation with oil which despite their reassurances about other plants could also have a negative impact in the next months, and the Aaron Banks situation to boot,and I'd rather rescue half of my funds to live to fight another day elsewhere than hang in here. I hope for all who remain you get a positive result, but that's it for me - I'm out.
If he wants to have any chance of success, surely he would have to try and buy enough shares to gain a controlling interest? i.e put his money where his mouth is? Other than this, he would have to sell his holding (at quite a loss) in a fit of pique maybe? interesting times - I remain confident in the board and IOF and am a lth... gla
From investors chronicle: A ‘tree shake’ is when the market makers drop the bid in order to lower the share price, in the hope of spooking some private investors into selling their shares. This tactic is employed when buying appetite has weakened, and so the market makers capitalise and widen their spreads to deter further buying. There are no buyers in the market, but nobody wants to sell at a low price when the market maker was bidding much higher before. Eventually, someone bites, and the market maker then bids lower again.
Tree shake as above. Sums up what is occurring perfectly imho? I think you are alluding to cutting the tree down ! :-)
sorry to say I have bailed at an average of 26p, but having bought at 13p, very happy with my profits. My reason for bailing is, if they are determined to press ahead with the placing to raise funds for IO8, I cannot believe it will be at anywhere near the 30p mark when you consider the dilution involved. I hope for anyone holding / buying currently I am wrong, and I will keep a close eye on this with my own target for re-entry at sub 20p...good luck to all whatever you decide to do....
as per my last post - this has all the same 'look and feel' as when it last burst through 20p touching 24p, except now we have 'guaranteed' increased production and lower costs rather than 'hoped for'....coupled with ever rising iodine prices and a hoped for early debt resolution, we should be looking at a similar price and more in the next few months - here's hoping anyway....
at around 50% of last 12 month's high, any small move upwards is appreciated. imho this remains very cheap, and I am a concerted buyer again at anything below 15p. once debt is confirmed as restructured this should test 20p+ again.
Looking at the (small) recent rise, and also the volume of shares being traded in the last two weeks, especially the number of small trades, this is remarkably similar to just before the last run up to 24p. I exited half of my holding then at 21p as it meant the other half retained are virtually 'free shares'. Back then I said I was a concerted buyer up to 20p and I have started adding to my holding again as I feel the board may be closing on a deal to restructure the debt, hence the activity we are saying. aimho, dyor.