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Posted in: GAL.L
What's the betting his cousin is Scottish and now owns a few impact drivers, so he's registered as a drilling company.
Agree. It's just a rinse and repeat exploration company now, except there is no herd or liquidity. Even if Stifano just paid a load of rampers and set the rumour mill going about a takeover / JV or some other unlikely rubbish, at least that would be some sort of actual strategy. Better than his cousins and his mates with a van load of black&decker drills and spades doing "drilling" to up the resources by a few ounces for 200 grand a month.
One of the most annoying things whilst we wait for some kind of news that might cause a trading spike is the pathetic way they are making sure the the SP movement is always blue by buying tiny amounts of shares regularly at the top end of the price. Just look at todays trades. 180 shares at 9.5p valued at £17.50, and that was one of the larger trades !!
Edison reports with much higher valuations than the SP have come and gone many times here without any share price movements. Is there something else afoot ? Like a takeover sniff....
Is this just a market reactions to the gold price or better, finally the start of a more upwards mid 20's valuation we've all expected. Chart still looking strong.
Might be tempted try a trade on some of my holding, sell then buy cheaper, if the SP gets quick momentum to the late 18's. We'll see.
Even a dead Joe Biden operated by strings is better for the USA and the world than Trump.
Jeez. The USA has really gone down the facshistic conspiracy rabbit hole. All sense and reason flushed away with it.
Posted in: AEWU.L
Just looking at AEWU
From 28th Feb 2023 : NAV of £166.24 million or 104.93 pence per share as at 31 December 2022
SP was several % discount to NAV and then sold down to 92p by March 31st 2023.
From 25th Jan 2024 : NAV of £164.02 million or 103.53 pence per share as at 31 December 2023
Feb 2024, SP has already sold down to 90p so now at around the historical lower band of SP movements before CV19.
2p Dividend looks secure enough, so IMO this looks like a March buying opportunity especially if the SP dips into the mid 80s with sentiment likely lower due to the Portsmouth sale, Wilko and the cinema asset.
Posted in: FAIR.L
I'm assuming this is because we are now at NAV. So how about an increase in dividends then ?
Posted in: FAIR.L
Hi all. The buyback seems to have stopped, but no announcement.
They have bought 24,019,083 (which are held in treasury) which does not equate to the original $20m buyback intention.
I was thinking along these lines yesterday..
Should I sell up 15% of my holding so that the remaining 85% can then double in value ?
The cash required to blow short sellers out the window before the next dividend announcement.
Then the real question is will all the large institutional holders do the same ?
Will they really ? Why should the company spend all that money on shares from holders, when they should be buying the short sold shares on the open market instead ? What difference will my comparatively tiny amount of shares being sold really do.
I came to the conclusion that for me it is best to wait until the next divi announcement, which is not far away instead.
Another company I'm in, SMIF does this kind of offer to buy your shares regularly and hardly anyone takes it on.
If however you happen to be a large holder and a seller, then this will help, and the 5% premium can be seen as not missing out on 2/3rds of the upcoming dividend if you want to sell up now, as an extra bonus.
I can't imagine there will be many, if any at all retail investors who will opt for this.
The only way of profiting is if the ex-div drop will be more than 10%, which to be fair, it has been during the last year.
Posted in: UKW.L
Their salaries are not at the expense of the share price, especially since the company are doing a daily buyback, but I understand the sentiment if one bought shares and the capital has now been depreciated with the recent sell off. I am in the same boat and It has happened across the sector. Bluefield (BSIF) have announced a share buyback program today as they also have a large discount to NAV. I would not be surprised if Next Energy follows, as their share price is also been sold down.
Posted in: BSIF.L
Great news and a show of strength whilst maintaining dividends, but I'm not holding my breath that it will help the share price. Just look across to UKW whose SP is also dragged down with the sector, and that with a daily buyback program. There will be a resulting tiny increment to dividends, but a buyback drag on the SP will more help long term holders with respect to DRIP and continued investment.
Only managed to catch the last question of the presentation. Any sentiment for an interim divi with all that cash ?
Drop in gold price overnight was a bit unfortunate for today.
The small alarm bell in today's RNS is definitely this
"The Group is well positioned to deliver into its 2024 financial year production guidance of between 180,000oz to 190,000oz of gold. Increased guidance may be considered in due course."
What exactly are they on about ? After delivering 98k ounces, to keep guidance of 180k would mean a drop in production in the current 6 months of around 20%. Surely that is either overly pessimistic or am I missing something to do with mining development that might cause this drop.
Mulder, Brexit started from 2020 and has shafted the economy permanently. So until its been rectified then it will remain an issue. Tories have increased immigration to massive levels to try and compensate but basically with so much constant outflow still going on then its hard to ignore.
Mulder, that is exactly part of the Brexit issue that's been widely written about. It's got worse in recent years. I'm just being the messenger.
Anyway, PAF SP is very deflated despite the GP constantly above 2000 and I bet there are many like myself hoping the 14th Feb can provide a turn of sentiment... An extra dividend would do it for me ))
Yes, but I thought the complaint you had was about daily outflows from the LSE which look institutional, which this explains.
Overall, I am not worried at all. I have never been bothered by differences between the exchanges with PAF, as just as you say, it all pretty much evens out. That 5% difference could just as easily disappear within a few hours of it appearing, or hang around for a while, then not.