George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Adding to the list, SSE renewables had a poor year so the same likely here. Difficulties with connecting to the national grid. Solar and battery issues with back up supply with a preference for alternatives. This might be resolved next year. Windfall taxes.
So quite a storm all happening at once. There is a likely hood that all these things might reduce in time but until then I suspect the sp will be down. So when will it start to normalise probably before things do get better but how close are we to the bottom
Well the first lot didnt go as expected so added a second lot to the mix
Ex-div date Payment date Amount
22/02/2024 28/03/2024 1.795p
There is an RNS that covers it
Discount approx 25% too
What is the script price? If its above current market then that is why or that new shares will be issued at a discount deemed too much for the board so its better to do cash only.
Anyway I have topped up on these under a quid
Some big drops in the SP. What news is affecting this?
had a skeg at the latest update things looked positive ish
I normally add during the spring dip. Unfortunately there wasn't one last year. This years has started early so I have taken what was on the table and added a few more. Normally a divi hunter but these are offering 4% and I think they grew last year and generally have a rising trend. My originals have more than doubled their yield. additionally the SP is well under the 200 day average
Hopefully the idiots that sometimes run a business will be swapped with more capable idiots. I wonder where this would be if Mr Buffet had managed to get them for £44.
Id be interested in his current valuation.
Another top up after today's drop. I guess inflation not dropping as expected has put interest rates falls on the back burner.
Personally I don't think it was that bad hence the top up.
Hi all
My first foray into these. Needing a home from selling some EPIC. Hopefully these should compensate a little bit. I will miss the monthly option compared to the quarterly here but the yield is close and will hopefully rise over time.
I have just topped up some more of these due to a last minute panic sell of EPIC (long story)
Does that make it a panic buy?
Might watch a bit closer and add more on any drop
Just topped these up after selling some EPIC.
It was a bit of a last minute buy from a panic sell
I have just spotted a corporate action stating these will no longer able to be held within an ISA if sold as planned and the funds will be moved into the trading account. I only found this by accident and panic sold the remaining lot so as to keep it in the ISA wrapper. It was just under the 69p. This might have been an expensive mistake.
So now I have a lump of cash needing a home. I have used some to top up SREI and CLI. A bit of a panic buy but at least I know them.
As for the dividend, its due today not the end of last month. In fact its a good job because that's allowed me to spot the ISA issue
I don't know where this is heading. Another 15% buyback so more control to the family. They had majority control anyway so why. A buyback when things are low can be good but I'm not convinced here. Not about the numbers but about the control side. I thought it might be to remove it from the market. There was also the threat of loosing REIT status. So I left and even after the jump in SP it's still way off.
Hopefully I'm wrong as it was the family control that was an attraction when I first bought in. I knew they would look after themselves so I could follow on their coat tails. It went well for a long time but something changed.
Whilst they are suffering from the general things that effect REITs, rate rises, debt, ltvs too much retail, companies going bust etc. Why give it the potential to loose that status or the loss of availability on the market.
I didn't want to be left holding the baby with no home to go too. Like I said, I hope my fears are wrong and that remaining shareholders will be OK on those tails but it's a risk too much for me.
Good luck all. Shall miss the divi in January thought even if it was low yielding compared to some.
I have been musing what to do with these since the announcement. I was going to hold on until the process finished and collect the cash to give me time to decide where to reinvest it.
Some shares have dropped more than the relative gain by holding on so as the holdings are with different brokers I sold a chunk and recycled into UKW, Trig and NG.
Most a dipped so I'm hoping there might be a small gain plus divis. I shall miss the monthly income albeit it's dissappearing anyway. I'm not sure if the last payment is November or December as the wind up is the 29th from memory so maybe there won't be a Dec divi.
I still have the remaining shares with the other broker that will need a new home soon. I don't want to be buying into a Santa rally but having cash available for feb/Mar might be handy.
Of course Mr Market might change things further and persuade me to sell more early if the other shares drop more than the potential gain from holding.
I added a few more yesterday. Partly because my EPIC holdings are being taken over so I will have to find a new home anyway. Relative to epic, these have dropped so I sold some epic early to add here, Trig and NG.
My last top up wasn't the bargain I was looking for. Having some EPIC holdings that are being bought out, I decided to switch some funds in here at a pound and a penny as they have dropped a bit compared to waiting for the EPIC shares to be sold. The rest of the funds will go towards UKW and NG.
With my EPIC shares being bought out I was looking for a new home. I haven't top these up in a while so decided to sell some EPIC early from one broker and use some of the proceeds to top up here yesterday.
They have paid down some of the loans. £7.5m in H1 and another £5m in July 23. This was from the Scottish Widows loans. I think it was 3.5% from memory but they were able to do it at that time as the costs worked in their favor.
Assuming we have hit peak rates and we get some stabilisation in values then things should be a lot easier to resolve. The long term was 40% LTV but the target of 50%-40% should be done in a reasonable time
Increases in rents will also help. Doing something about voids might make a bigger difference. The trouble with selling is you reduce earning too
So that is likely to be 72p minus any dividends. Plus some big expenses if the sale doesn't happen. I expect it will get the vote passed as the bigger holders can force it through.