Member Info for Gavster-NBC

I'm out.
I've had a free holding here for a while. I invested in TSG, with board members and offices in London.
Been a great 10 years and I wish I'd invested more at those low prices years ago.
I'll top up one of my other investments.
Cheers all and GL

Brutal sell off and obviously regretting not selling higher as I could have traded my holding 10% bigger.
Trading never my strong point.
Chartwise this could go all the way back down to 485, but the overall trend of upwards would still be in place.
I might look to sell myself were it not for the considerable fundamental measures of the relevant commodity prices and pandemic easing that bring confidence to holding through, reinvesting the dividend and keeping the original top slice target of around 700.
Caught in that fundamentals vs chart, but holding through should be a bigger reward.
If it does reach 485, I can't see it staying there for long.

Good point about the pension deficit. That's a 3p premium already.
The problem of justifying a sharp jump in SP upwards is that the current value doesn't indicate this unless the yield being priced in is in the region of 6%. The hive mind of the market usually know what's up.

USA so far has had a feel good day after this Fed anouncement.
https://finance.yahoo.com/news/fed-fomc-monetary-policy-decision-march-2021-135934643.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr
The Federal Reserve on Wednesday maintained target interest rates at near-zero and reiterated its commitment to aggressive asset purchases. But a brighter economic forecast had more Fed officials penciling in rate hikes as early as 2022. Still, the central bank signaled a strong likelihood that there may be no rate hikes through 2023.

So... Should be back in the 20s. Tomorrow.
FTSE is showing a gap up of 17, but of course we'll see end of the USA day and what Asia does overnight.
We'll see.

Should bring attention. What will this be funding ?
https://www.rns-pdf.londonstockexchange.com/rns/4701S_1-2021-3-16.pdf
USE OF PROCEEDS
An amount equal to the net proceeds from each issue of each Tranche of Notes will be applied, as indicated in the
applicable Final Terms, either:
(a) for general corporate purposes; or
(b) exclusively to finance or refinance, in whole or in part, Eligible Green Projects.
“Eligible Green Projects” means (i) projects relating to the production of renewable electricity from onshore and
offshore wind power and (ii) projects relating to onshore renewable energy transmission network infrastructure.

Has to be a buy at this level.
It would be nice just to get back to a market cap of £13m (27p) first, then £20m (43) as a long awaited first step. These were both MC's that held years ago.
Blasting, mining, producing.. They keep going then the rise should be steady.
If they reach their goal then no reason why an MC of £80m (170p) can't be reached, but of course there are many boxes to tick to get there.
IMO I'd like to see GAL address some of the site regards backfilling and doing more for the environment. Another gold company I'm in has done wonders with its community and beyond with relatively low cost projects of farming, water recycling, land repurpose and solar power on their site. Not addressing the environmental issues has caused such problems and delayed Galantas costing it millions and had it on its knees in the past, when addressing these issues more head on would have ultimately been more cost effective. Pave the way for problem free mining to the first target of 20k oz a year.

Yes, happy with this. Looking like it's turned around chartwise. No chance I'll be slicing out too early again. Looking for a steady(-ish) rise all the way to the next dividend. By then sentiment should be much more positive in the wider market as the virus get's beaten back with the summer and all the jabs.

Anyone care to speculate ? Only a month before any dividend announcement.
Will the gap left by Poland and Asia be filled by a good year in revenue and/or not relevant in earnings per share due to the consolidation ?
IMO There is no excuse after such a consolidating fiasco created by the special dividend to show anything other than a resilient dividend per share. Then again, this is Murphy and company.
My strategy regards the Asian sale special dividend hinged on the yield going forward, and the current SP lagging down at 220 was not part of the plan.
An expected 12p/13p plus paid in dividends annually should make for an SP of 240p to 270p, whereupon I could consider top slicing some of my holding.

Hi All. It might just be a pause for breath or the relentless rise is running lower on steam.
Over the two years I've had an interest here, Evraz has had a habit of swinging several percent during one trading day, even when the ftse and rest of the market has moved only by a fraction. Tomorrow could be up by a few %.
That said the weekly chart MACD does indicate a turn but Iron Ore daily shows a possible turn upwards, steel prices both in the US and China are still very high, coal is high and vanadium is upwards.
IMO It could just be traders jumping on short term trends and people banking their profits after months of rising share price culminating in a dividend.

Thanks loads Brombarb. That link you posts, section 104 has answered my question exactly.
" If only some of the shares are disposed of, the allowable expenditure is a fraction of the pool of actual cost. The fraction is ‘Number of shares sold’ divided by ‘Total number of shares in the holding’."

Hi All. This might be a silly question.
I have some allowance left for this year within my family ISA's.
For Tax reasons.
I want to sell some BP shares that are at a loss in my trading account, to then buy back once cash is in the ISA.
I have shares bought at different levels from 500p down to 200p
How does the automatically generated tax report know which shares I am selling ? (bought at 500p or 200p)
The shares bought at 200p would incur Capital Gains Tax , the 500p ones a loss, so no tax.

I expected more of a run up to Ex-Div day, especially since US Steel prices are almost $1300 per ton.

Yield is still a bargain.

Then again, we are part of the new world stock market casino.

https://www.lme.com/Metals/Ferrous/HRC-N-America#tabIndex=2

In GBP this is at the same levels as December 2019.
https://www.exchangerates.org.uk/commodities/live-oil-prices/BRT-GBP.html

Cheers Smithy. I had totally overlooked Junior ISA's for my kids. I've literally just opened them after reading your post. Glad I got that done before April.

I can only see the link below in the news. I've had The Hut Group on watch for an entry point below 700, could even now drop back to 600. IMO if the company keeps their natural growth and sticks to their business at hand, they'll be back in the FTSE100 soon enough.

THG PLC (LON:THG), with a market capitalisation of £6.9bn, has been excluded from the FTSE 100 because of its dual-class share structure and the same exclusion would apply to Deliveroo.

https://www.proactiveinvestors.co.uk/companies/news/943038/listing-badly-or-desperately-needed-flotation-aid-943038.html

"BP could be making multiple millions in a normal world at these levels but it isn’t a normal world. All air, road and sea traffic is down so oil usage must still be lower than normal."
Yes, but IMO not as much as the public instinctively think.
https://www.bp.com/en/global/corporate/energy-economics/energy-outlook/demand-by-sector.html
https://www.statista.com/statistics/307194/top-oil-consuming-sectors-worldwide/

320 reached.
Will the Americans take the baton and reach upwards today, or again be the sellers ?
Since the DOW is .3% down IMO, up up up.

Happy. Are you Grant Smith ?
It's exactly what he predicted too.
https://www.worldoil.com/news/2021/2/26/all-eyes-on-opec-as-global-oil-supply-imbalance-may-force-an-output-revision

Excellent. especially with the dollar shifting the wrong direction, now passing recent highs and back to last July territory.

BUT Russia is making a case for increasing supply...

Well who would have guessed.