focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I believe it works in conjunction with this: https://www.gov.uk/tax-foreign-income/taxed-twice If Im right... big if...UK and Germany have a treaty rate of 15%. We will pay 30% on these divs. So 15% may be claimable.
Some advice on reclaiming WHT from Germany here. Thoughts? https://the-international-investor.com/investment-faq/reclaiming-withholding-tax-foreign-dividends
Q1 Summary • Q1 performance was in line with our expectations. Our product- focussed strategy and investment in unique hotel and cruise brands continues to pay off. • As flagged, this was offset by a weak performance in our Markets & Airlines business, where the seasonal loss increased significantly. This was primarily due to the knock-on impact of the Summer 2018 heatwave, overcapacities in Spain arising from the shift in demand to the Eastern Mediterranean, pressure on yields, continued Pound Sterling weakness, and strong comparatives for Nordics in Q1 last year. • The current year result also includes a net € 11 m benefit from special items, as stated below. Please refer to pages 6 to 10 below for further detail on segmental performance in Q1. • As detailed in our announcement on 6 February 2019, we expect underlying EBITA rebased at constant currency to be broadly stable in FY19 compared with the record performance in FY18 of € 1,177m1, with a continued strong performance in Holiday Experiences offset by a continuation of sector headwinds in Markets & Airlines. • Our growth strategy remains intact and TUI is well positioned.
Much of this is manipulation imo. The mm's see some news that leads to uncertainty or fear and then call their mates for a large short attack. I see this as positive, and I'm sure we will see 8 again soon, when copper moves up. Sit tight. One for the back pocket. Gla
I suspect it will bounce back quickly when the market digests a possible additional USD1 billion plus EBITDA, putting the sp over £15. Sell on news they say. Some will have done so and already bought back netting a quick 10%. Share issuance is about 5% so nay e we will end the day about there. Presentation at 11am.
Initial thoughts... Initial acquisition cost of USD 900 million is not as much as I feared, and is split between cash and shares and some deferred, so not as big an impact. 10 year development hard date gives some flexibility in project development spending, which is planned to be an eye watering USD5.5 billion. Mine production should generate additional 300kt of copper per year which should be worth over USD1 billion. I hope we see the touted copper supply deficit appear, as much rests on that to support higher prices which will make this more of a viable project. It looks good, but the same thought keeps bouncing around my mind, this is Russia, not Kazakhstan, and political issues could rear up. Let's see how the market reacts.
Probably not, but Rio will be eyeing the Siberian mine.
Looks like my earlier post got deleted? In any case, since people are making tips, you could do worse than check out RMP, as they have just signed a new contract in a fully funded JV drill in Alaska. Should be a multi bagger event trade. AtB
Could be time to get in here.... ATB
Sold a clip. Will buy it back on a dip later. ATB
Fantastic to see this sail through a tenner. Congrats to all who believed in Kaz!
Here's a view from one better informed than me. http://www.mining.com/web/trading-giant-keeps-faith-copper-despite-rising-trade-tension/
Hello Tucson. Hope you are well. Its a tricky one to be sure. I think your prediction is well reasoned, and I agree with you on many points. However, I feel kaz is somewhat rangebound at present because of two things. 1. Maximum production capacity of ~300mt and 2. Large debt pile. Unless there is a pronounced spike in copper price, I see kaz bouncing around between 8.50 and 10.50 for at least another year. I like the idea of new assets, but this would involve taking on even more debt which, given the wrong circumstances, could destroy all the hard work of the turnaround so far. IMO the best thing kaz bod can do is just sit tight and pay down debt. Not exciting for us but sensible none the less. In terms of that copper price spike, well others much better informed than I am dont see this until after 2020, so I think we can expect copper to bounce around between 3 and 3.30 until the market moves into deficit of supply. These are just my ruminations, and more likely to be wrong than right, but I see this now as a 2 to 3 year hold until your suggested level is in sight. As always, ATB
Hi Bottled. Thanks. There's a lot of sabre rattling going on between the big trading blocks at present, and protectionist policy is making a resurgance. Trade wars may have an indirect impact, but hard to see real impacts just now. As an aside, I was in a MB garage the other day test driving one of Germany's finest autos. The salesman told me they have a fleet of 10 (TEN!) electric vehicles that will be on forecourts in 2019. If other manufacturers are planning the same, copper will be in high demand. We could see $4 per lb this year.
ANTO miners are on strike... can't be bad for copper. http://www.mining.com/antofagastas-los-pelambres-copper-mine-workers-vote-strike/ Anyone care to share their view on potential effects of Trump's tariffs. Copper hasn't been implicated as far as I know, but what will the effects on price be? GLA
On the cusp. http://www.stockchallenge.co.uk/ftse.php?report=180228
KAZ has been fortunate thus far in as much as completing the material aspects of its restructuring in a dramatically improving market for its product. If I'm right this is another multi year project, probably more economically appealing given the better than anticipated prevailing price of cu. KAZ has good experience in building out new mills from the last two recently completed, so this is a huge plus given the proposed mine is approx 2x the size of either completed thus far and located near the north korean boarder with siberia I believe, so shipping ore back to Aktogay for processing is not realistic. A new facility will surely be required. What cost and funding method are key points. All just speculations. DYOR Roll on 22nd Feb!
KAZ Minerals continually evaluates potential new mining projects to identify attractive long-term investment opportunities for the Group. KAZ Minerals confirms that it is currently evaluating the potential acquisition of a majority stake in the Baimskaya project. Baimskaya is a large copper-gold porphyry deposit located in the Chukotka region of Russia, with JORC resources of 9.5 Mt of copper at an average copper grade of 0.43% and 16.5 Moz of gold at an average grade of 0.23 g/t. Discuss...