Member Info for fromage

I am quite sure the Avani terms in the new contracts are acceptable to the directors. To PI's though? This has always been the case. I am glad I pulled out at 14, and those remaining can look forward to years of continual sales from all those free shares given to Wilson et al, which outnumber the PI shares a zillion to one.

Bigk : bid from Avani ? Why should they take the liabilities, they have the coal at whatever price they want.

Dubai. Seems a great idea selling coal in that area. Sure to get a great uptake.

400mm is not that much leeway. I am very surprised to see it this low, but it has been a good share if you were in early enough.

That is a very brave decision to take. I have given up trying to guess which way GLEN is going , having lost overall on the yoyo, and have failed elsewhere too. So now I am 100% invested because I think the UK market in general will beat the few percent I may get elsewhere. Surely it can't get worse!

It will all change as soon as you start getting dividends, then the regular daily runs of thousands of sales outweighing the bare hundreds of buys will be reversed.

Not so good. It is depressing to read of mines that are played out and exhausted, and the owners are resorting to searching through spoil heaps hoping to extract a bit more.

As realistic as the length of a piece of string. Buy your shares and it's a lucky dip.

It has been consistent for 3 years, but in that time it has been stagnant and it has fallen behind where I expect it to be. I shall be keeping mine, and will not be surprised if exceeds your expectation by 10%. It is time the FTSE made a comeback, and if so, this will be one of the beneficiaries.

If it is hard to function without it, buy some now! I think it will be still a giver of decent returns in the years to come.

I started buying near the end of 2021 when the freebies from AAL did well, bumped it up greatly over 2022. Yes, buying at peak too, but it has still generated profit more than any other share I have held. Sold a lot near the start of 2023 but it is still ranked halfway up my holdings by value. Good for some years yet, I think.

@rpg7 : I have been looking at trades as I saw no reason for the recent recovery, and just about every day there are thousands of £ sales and few buys. Even when it went up on general market sentiment. Looks like a sell-off to me.

Mr Math : that is my approach too. The quantity is variable as I sell some to invest elsewhere, and rebuy. An "annual yield" is not a valid concept for me. What I do is every month end record the total profit of each holding, = current value - cumulative (buy - sell - dividends) since the time of first holding, which is pretty meaningless as an inter-share comparison, but reassuring to see the profit is positive! From 2019 I have a 27% profit but that is misleading percentage because my holding has more than doubled over that time so the gain is better than that implies.

TA1, can you briefly explain what effect this supposed phenomenon has? To my simplistic eyes if the price is held artificially low, people (and trading systems) would buy the shares and the availability dries up. Price then has to rise for MMs to obtain the shares from people selling to meet a buy demand. If I thought the low price was unrealistic I would not be selling my shares to let other people buy them. Result: stability and fair pricing.

Conversely, if "people" think the price is right, by definition it is not being held artificially low.

And to make life complicated, the dividend varies greatly each year, so what is a future dividend you may expect? Nobody knows. What's more, the declaration is paid in dollars and gets to me in sterling, and the exchange rate changes all the time. What's even more is that the share price is volatile, so if you calculate a yield, should that be on the price at the time of the dividend or the price now? If the former, do you do a weighted average of the two last (ie a year) dividend percentages?

Hopeless. To add to your various yield figures, the last 12 months dividends have been £1.3767 and £1.8535, for a total of £3.2302 and at the buy price I see now that is 5.61% yield.

Base_jumper : if you are thinking of coming in, please do, but it would have been a better entry a couple of months ago!

Yes, in my view a definite buy and hold. Dividends have collapsed, but can return - see https://www.tipranks.com/stocks/bhp/dividends for history. Always a large part of my portfolio.

Eric. you have summed it up in a nutshell

"doing nothing other than creating lifestyles for the BOD like hundreds of AIM companies do.."

MY average paid is £19.68 so it is hard seeing it down here. I shall hang on though, believing in redemption.

Definitely the shares have plenty more up to go, in my view, so now is not a bad time to buy if you have missed out so far. Already my portfolio's largest holding. A buy and forget; had these (in lesser quantity) since 2014 when the price was £32.

Good news, but anticipated so little impact on share price, but it has risen. My feeling is that both sides of the company split will benefit.

@picax : that's not what I did, but thank you, I did make an error. The resolution passed is for a "nominal amount of £47,949". How many shares is that? They did not give that figure. To alternatively give it as a "value" it has to be expressed in "nominal value" rather than real value, because the real value is variable. One share has a nominal value of a tenth of a penny, and is fixed. One thousand shares have a nominal value of £1. So that £48K nominal equates to 48M actual shares, or at 12p a share, say £6M or $7M.

I did indeed goof (in a different way), and I don't know where my figures came from. I humbly apologise to all readers.

I said I was dropping out, but feel I should counter this optimism on profit of $2m per month, with the fact that the authorized share exemption of 124,675 * 100 (=shares) * 12p/share / .81 (£/$) = $184m, so those new shares alone at this morning's price account for 92 months of profit. Maybe your toes say different, rpg7?

I do firmly believe the company will be well profitable, but I have grave doubts that much if any of the proceeds will find its way to PIs.