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Could be refering to sale of the Greenhills plant. See paragraph below, cut+paste from their website. Greenhills Plant The company manufactures manganese, sulphate powder, manganese sulphate solution and manganese oxide at its plant in Mpumalanga better known as the Greenhills plant. The main source of income from the plant is from the sale of manganese sulphate, manganese hydrate and manganese oxide. The average production of the plant is 300 tonnes per month of manganese sulphate and 360 tonnes of manganese oxides which approximately 230 tonnes are used to produce manganese sulphate powder. This business is not considered to be a core asset and will be probably disposed of in the short term future.
Not only a bargain at this price, The div yield is over 9%!
Worth hanging on to these for the 8.3% divi. These have been trending up for the last 3 months and show no signs of stopping yet. Stuff them in your ISA tax free.
Stuffed a load more of these in my ISA. 8.8% yield tax free and should be some SP upside too.
This is a nice little share for an ISA. Not likely to do anything spectacular but pays a 7.2% divident (tax free in an ISA). Considering you'll be lucky to get 3% from a building society account, and then get taxed on the interest, it's not a bad return. DYOR etc
Usual 3 or 4 trades per day on WIL until 4pm, then 3 times the usual volume. Can't find any clues as to what caused this. Any ideas??
The quick answer is not many. If you buy them in a stocks and shares ISA you can buy £10680 worth per year. So in one year you could buy 809 shares. The divi, which is tax free in an ISA, would give you £606. If you don't have an ISA you could start one now and get 809 in this tax year and buy another lot after april 6th in the next tax year. However, this still only gives you a £1200 income each year. So, unless you're planning on living in a mud hut in outer mongolia, don't give up the day job! PS. For income there are other shares that give a better yield than this, eg EMG,WIL,RSA. Use the stock picker function on this site (left hand side bar) to search on yield. Good luck.
1st post on WIL for 9 months. Thought I was the only one here so never bothered posting. Good divi to come soon. May attract a few more in.
Maybe there will be more interest after the shareholders meeting on 14th Oct. Can't see many shareholders voting against a 30% divi. Peeps will still have 3 days to get in after that.
Eurovestech PLC (Eurovestech) is proposing a Return of Capital on the following basis: Under the terms of the Return of Capital, holders will receive 1 D share for each Existing Ordinary share held as at 5.00pm on 17th October 2011, being the Record Date. In respect of the D shares holders have the following options: Option 1: Income Option - Receive a Single Dividend of 4 pence in cash for each D share held. For UK taxation purposes this option should be treated as income. (Default Option). Option 2: Capital Option - Receive a Capital Repayment of 4 pence in cash for each D share held. For UK taxation purposes this option should be treated as capital. In accordance with the terms of the Return of Capital holders who make no election will be deemed to have elected for Option 1, the Income Option. Important Information & Other Key Dates: The Company announced on 27th September 2011 that pursuant to the sale of one of its portfolio companies, Toluna PLC, it proposes to return approximately GBP13.25 million to shareholders by way of a return of cash. The Return of Capital is subject to shareholder approval at the Annual General Meeting to be held on 14th October 2011. Monies in respect of either the Capital Repayment or the Single Dividend are expected to be credited to accounts on or after 28th October 2011. Following payment all D shares will be converted into Deferred shares. No application is being made for the Deferred shares to be listed on the Official List or admitted to trading on any stock market or securities exchange. These shares have extremely limited rights and benefits attached to them rendering them in effect, economically worthless and will therefore not be updated on to your account. For those shareholders with an income handling option of dividend reinvestment, please note that the proceeds from the Return of Capital will not be automatically reinvested and will instead be held in your account as cash. Should you retain your holding of Eurovestech Ordinary shares we will update you in due course once your chosen entitlement has been credited to your account. Before making any decision please take into consideration all relevant factors of the event including the current share price and any possible tax implications. If you require any further information in making your decision please contact an appropriate professional advisor. Should you wish to find more information about the Return of Capital, please visit the Eurovestech website, http://www.eurovestech.co.uk/.
The 13.2p sells are actually buys (one of them is mine). Anyone holding at 5pm 17th Oct gets a 4p (30%) dividend. Thought there would be more buying today.
Looked at their website and they say their Centurion project is in production but I couldn't find any flow rates etc. Anyone know how much they are producing?
RMM are up 8% on no news that I can find. Am I missing something or is this just peeps buying into undervalued gold miners?