The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
"Operational" and "strategic" challenges. I would say having no workers, no money, and no equipment is a serious operational challenge. But I cannot see a strategic challenge, the only strategy is in future to avoid any companies with these people like the plague.
And still falling. I sold all (NOT at peak) yesterday intending to avoid the WHT to buy back today, but it seems too early to get back in. I will be watching this, as I believe it is still a good share to be in, but not to buy until a trough has bottomed. I expect I will get the timing wrong on that, as well.
They bought a bundle (pushing the share price up) to give away later, so the net effect of that is to destroy the cash assets and lower the company value and share price - yes? Might not be a good time to buy tomorrow, this could be dropping more than the dividend value.
Dragon, I reckon the locker has lots more. Look where this was a couple of years ago, and reflect that (a) inflation has occurred (b) half the mines have NOT collapsed, exhausted, or been sold off (c) demand will not disappear long term. Fundamentally this company is worth owning.
@ picax : you can't keep out of the markets, your money needs to be somewhere and markets beat mattresses. While I sympathise as a fellow loser on this one, I don't think you need deep knowledge to invest in any sector you believe will flourish, but I too will not be putting money into AIM again. BBs are useful, and I have gained more understanding of a business by reading them. The trap is to get emotionally involved, but BBs on large or mid cap companies can never affect the share price, as it does in AIM.
Glencore is a swiss company but registered on the London stock exchange via Jersey, which as you know is the UK offshore tax haven. Don't ask me why its allowed. You may look for other companies with ISINs beginning with JE, but none that I have come across. I have bought foreign shares as "CDI"s, "ADR"s and "GDR"s which are the shares traded in the UK that are the same price as and representing foreign shares, and this is the normal way for shareholders to buy "outside their country". They do not suffer the unique UK stamp duty. See if Aviva lets you buy those. Try for example, to buy shares in the Italian oil company ENI. You pay the Italian trading tax, eg a rate of 1 in a thousand.
I was not aware of a need to own shares to take part in a forum. Counterarguments and alternative opinions may help a newcomer make a decision as to whether this share is the bargain of the century, as (we long know) RNSs are not the whole story. Personally, I keep an eye on past mistakes in general, and here to discover out of idle curiosity if RPG7 ever sees the light, or if Penfold's grandmother has disinherited him.
I don't think that works out necessarily. Last time round I was undecided, so held, and post-event looked to see if I was wrong. You cannot just look at opening and closing prices. I considered what time of day it would be, in a practical approach, when I bought and sold, and looked at the prices at those times. Almost breakeven, I had actually benefited by not trading.
Somebody please tell me! It seems as if they are issuing bonds to try to raise money. Beyond my pay scale. Whether this is is a good thing (they have found some fantastic prospects for new mines) or whether it is a bad thing (they are going broke and trying to stay afloat) is another matter. I guess the latter, but I am holding because if a larger company buys them out I shall kick myself for selling at a loss and missing out on any takeover premium.