Member Info for fromage

Not just £300K at a time, now it is £ 1.6 M at a time.

We still have copper, and coal, even if we have no deal. I can't see it being long before we are back at £5 even if tech and other sectors collapse.

But do you want money in the bank just depreciating all the time? "Bank some profit" is only useful advice if you have something sensible to do with it. Personally, if I banked some profit on selling RIO, the best thing I could do with it is go out and buy some RIO shares.

Of course you can sell Glen at any time. I think the point is that if an offer has been made, that will be the price you get - in which case having the equivalent in RIO shares is just as good - whereas if you sell before an offer you are likely to get a better price than you would if the offer is not made. I'm holding.

If it wasn't for eggs and baskets, I would pick HSBA. For two reason : it is more immune to the whims of UK government, and it has a better investment arena / opportunities in China

@not_as_rich_as_you_could_be : I would be tempted to sell too but for one thing. I can't see a better place for the money. I'm pretty sure I have missed the boat on many of the recent sector increases in defence, tech, etc and I want it somewhere unglamorous that it not going to surge and die. HSBC is long term reliability. I'll hold through a drop if it comes.

Driftking - I did not say there was one in prospect. Not at all. I was replying to Ratboys' question "Any thoughts on a stock split to get the price down to a more friendly price?" in the immediately preceding post. Your inferred apologies are accepted.

As one who can't see the point in buying a single £2 share (for example) I can't see any way a stock split would be beneficial. Why is £2 (name your own price) more friendly than £10 or £20? Executing such a thing is bound to cost millions that are better spent elsewhere.

If you bought Barclays in the period Jun. 26, 2019 – Mar. 27, 2022 and held them until the end of that period, then you might be able to claim some money, it seems. It does not apply to me, so I am investigating no further ! (Leave that for others who are affected, but am curious as to why and how much.)

I hold both, and now BOTH are gaining ground, so I am sitting tight. This is not like the BHP/AAL situation of 2024 where BHP dropped and AAL shot up because of the offer, where I sold AAL to by cheaper BHP. RIO is not falling, and I think GLEN was going to do well without any RIO influence. So I am happy as I remain.

The £300K fellow is still at. If he reads this, would he please tell me when he has stopped, so that I may buy some?

I hope the merger does not happen, because I think it bad for RIO at the moment. If it does not happen I should sell GLEN now and buy RIO, given the recent price movements, but am I prepared to gamble on a hope? Big decision.

We haven't seen this price since the end of March 2025, and we have had $1.3 dividend since then, or £1, so we have had something like a 25% return. Not bad. More to come

But one snag on this for me , as a holder of both, is that I think financially the result of a merger is always less than the sum of the parts.

I just checked my holdings, and unfortunately I do not have 1% to declare!

Conversely I have lost money being in and out of GLEN as I never time it right, so I am "permanently" in. What is your expectation of "shortly" for the pullback?

A depressing Christmas thought, SB, thanks for the info. Cheated, can you imagine any mining company getting planning permission to put even a spade into UK ground these days? Worms need protection, too, you know.

No idea. From being around 450 it's quite a drop, but maybe going back up. We have 4 months to go before the next dividend, size unknown but I would be surprised if it were less than a big single digit, so I am expecting it to rise until then.

Why should there be a top? As currency continually loses value, a company that holds its value, nether getting better nor worse compared to others, will have a continually increasing share price.

May I reverse Rookie's curiosity and ask why he likes shorting BARC?

My basis for bullishness is that I agree entirely with Rookie's earlier post today, and therefore we are heading for higher inflation, probably accelerating. I have a certain number of units of UK currency that would fit in a basket. But each unit is become worth less and less. Therefore I look for something that will hold real value over time, and banks are one of them. Rather than at some future time tipping out my paltry basket on the floor of my counting house, I choose to exchange those currency units now for shares, so at that future time when I exchange my shares back to cash I will be tipping out wheelbarrows.