Member Info for fromage

Shap is not a mobile town/village as that might imply, it is just that the country boundaries keep moving around. (Bit of a partisan stretch to call it a city!)

Alas, your situation is much more complex than mine. We are retired, but previously maxed the SIPP and it is not being drawn down, and that together with anticipated care charges should minimise or avoid IHT. I was thinking of transitioning volatile shares into funds or investment trusts if a SIPP transfers intact on death (as opposed to a cash value), or before I lose too many marbles.

Just looked at mine, with AJBell. They give the cumulative cost alongside the valuation, and the cost has NOT changed after the June1st payment, so they treat it as a dividend and not as a return of capital.

Yes rpg7, I firmly believe this sort of thing distorts the market. There should be a transaction tax of some sort, and I would welcome it. Renting out our nominee holdings so that they can be sold (shorted) to our detriment is also something that should be banned.

I have no target. This is a buy hold and forget, for me.

Alas : "My focus is in building SIPP for succession planning"

Do you mean making it a "balanced" portfolio so that it can be inherited by someone who knows nothing about shares and left alone, or what? That will sometime be a concern of mine: having 80% in mining shares may not be a sound strategy.

LOT-M. Mistimed, I feel. Price is now 552.4 so you can get them back for the same price before it is too late.

Not possible. There is no transaction volume to speak of.

If you think the share price is being manipulated lower than the fair value, then there is a simple remedy. Keep buying.

"Waiting until it starts to recover" does not work as it can be done only in long distant hindsight. Share prices do not move linearly until they hit a sawtooth : look at any historical chart and you will see myriads of reversal points that buck a trend only briefly. You need to define what percentage of price movement counts as the indication of recovery, and whatever practical percentage you choose, I can point to history where that would not have worked. If you pick an impractical figure like "risen 100%" you have missed the rise and are guaranteed to catch the next descent.

Bigkahuna : reading the Avani website I fail to see any mention of owning mines. They present themselves as purely intermediaries, so it could be that we PIs continue for years as smallholders. They would not be in it for dividends, but for assurance of supply at favourable terms.

The shares no longer exist in terms of dividend receiving vehicles. There are now only 12,518,301,508 of them, fewer than before, which share the next dividend. So if next time they distribute exactly the same amount of money in total as last time, you would get more. But it does not work like that, the amount of money varies, and when they announce the dividend per (current circulated) share that is what you will receive. You own a bigger slice of the company that you used to, but it does not mean more dividends.

When it carries on like this so you become the largest shareholder, then you can vote for bigger dividends :)

I would be REALLY surprised if this went below £7 significantly. That would have no justification on this absurdly cheap business. Already it has generated more profit for me than any other share, it is if they are paying you to buy the shares.

Re repeated buying and selling : from my analysis of daily movements over quite a period I reckoned it would pay, but a £10K daily trade netted a gain of £100 at my charges, so I ruled it out.

Much as I love my WDS shares and look to the future with them, I would have sold if I had seen that price of 4676.

-77 +81 :)
It's good to have a bumblebee around, especially in the spring.

Maybe. Any reference to the mythical second HWM is redolent of a ramp.

Post Menstrual Stress Lunacy, I think

Driftking : more like up 1% now post market. Nevertheless like you I am long term (since 2014) and have bought in this big dip. Didn't need TA for that. This is a solid share now 15% of portfolio, and I am convinced the tide will turn and steel be in demand again. I shall be here with it.

I wouldn't be expecting a significant price recovery. It has halved in the last 6 months, and it think it needs significant public opinion reversal to recover that. Also income is expected to drop each year, SA politicoeconomic problems aside, as the assets are wound down. But at this price level it is a tremendous dividend play, well worth its position at the top of my portfolio. I would anticipate TGA making more forays into other geographies to prolong its life.