Because the major reason companies hire a broker is to plan and manage the sale of the company, or the imminent rights issue to get more money in?
Penstock, agreed, with emphasis on where is the next customer, or next Integrity order. Clarify too, the train scheduling. My (admittedly terrible) memory says Integrity negotiate the trains and it is out of our hands. Time for moves towards independence?
Scary how the price has fallen, but agree with Malik. Good time to buy, and I have.
The price has fallen too far, so I bought some more. The COP news is good, and this share is on the rise. Good value compared with BP, and no tory disaster tax to face.
Depression. If you find owning shares depressing, you would find it twice as depressing if you liquidated to recover half of the money you put in. Sell and shoot yourself, or live in hope?
We await the evidence of the fundamentals. I have seem many mining shares on AIM that start by leaping high, then quickly petering out to a 10th of the value. With no evidence, why should any investor feel this is different?
Rak, au contraire. Most of us are long term holders, as are the main owners, and so do not sell and rarely buy. Consequently the traders, of much smaller number, are the only people who have an impact on the price, IMO.
The plan was to have 2 shafts, I think, and maybe the second one could be later.
Could be complete next year then, if it was started 4 years ago, as I think it was.
It amuses me when (as now) the bid price is 25.5, the ask is 26.5, yet the "share price" is 23.75.
If they are it may be because of nimbyism. People around Egton, a pretty part of the country, object to growth as would anyone anywhere else. Maybe a council decision.
That makes perfect sense, thank you.
sirmark, if you would please explain further? Your example list seems to be a collection of times of day, codename for the market maker, number of shares they offer to deal in and a price? They generally have two lines, so at 10:12 market maker PEEL was offering to buy 10,000 shares at 22p, and was also offering to sell 10,000 at 25p? The lines with no code, eg 10:50 am 250,000 shares at 24p, or 1,500 shares at 23.5p, and 10,000 at 24.5p means what? I confess I am baffled, and I will not be alone...
But that interpretation of mine does not square with "only one mm on the offer".
Rak, yours in not really an apposite comparison. TGA is proven and known. BEN is not. When I first bought Thungela in early Sep last year, at probably a comparable state of obscurity, the price was £3.1 so in rough terms (adapting your figures) TGA was 4 times bigger and 3 times fewer shares. Extending the analogy, TGA has now gone up about 400% from then, but as BEN is 3 times as diluted, a similar rise (if that might be assumed when coming out of the shadows), we may be going up 130% which implies that when Ben is delivering cash and dividends the price may go up from today's 23.5 to 54p. (is that arithmetic right ??) That's a dismal thought. But we hope Ben has more growth potential.
But as you said, they are probably not comparable at all.
Of course dividends, and their return expressed as a percentage, depend upon when you buy and sell. But the crucial thing is your overall return. Simply record your investment pot value "A" (current shares value plus any dividend or other cash retained in the account) at the start of the month, and at the start of the next month record it again "B", work out the net value "C" you have added into the pot during the month (may be negative), and your return for the month is (B-C)/A. Keep a record of the individual month's percentage return, then multiply them together over any period for your total return. That is what counts.
Crossley, yes yours is currently 12.7 if that is the only share you own, but what goes up comes down!
Eccles, but that method of calculation does not have much meaning in terms of impact on your finances as it ignores the number of shares you have, nor the share price change, and they are not additive across different shares.
@gwm : I was not talking about dividend but capital growth. Some people seem to think dividend return is everything, but your return is the dividend % you actually receive for the shares you own and the period you have owned them for, plus the percentage gain in the share price. If you bought RIO late yesterday and sold right now you have a capital gain of 6% and no dividend. You have therefore gained in a day what a savings account will give you in a year. 6% and your money back.
Of course timing is the key for that extreme case, but I am a long term holder in most cases, years or months. Over the last 5 years (up the end of Sep as I do not keep monthly records for more than a year, just retaining the quarter figures), RPI over 5 years has been 26% and my share return has been 45%. This is calculated month by month, monthly return based on asset value gain + money out(eg pension withdrawal) - money in.)
Actual share names have been varied, starting with a portfolio of classic dividend payers and moving to now 80% of portfolio being mining. Always had RIO, always will, quantities varying as you decide to move money around. TGA and GLEN have done well after I decided to move heavily into coal at the right time (thanks to Greta), but I have taken a big hit on Gazprom and Norilsk nickel with the reaction to the Ukraine war.
Put money in a savings account for a year and get 5%, or put money in RIO for a day and get 5%?
5%pa is losing 7% per year when RPI is 12% as it is now (but of course RPI hopelessly under-indicates inflation as it effects me, spending relatively heavily on food and energy. They should publish a "pensionerPI" figure.)
You need to put money into something that will return more than RPI, not less. That should be your target, and is more than achievable.