Member Info for GoroMajima

Thanks for the link southcoast, was an interesting read. It's difficult to judge at the moment and the same for the FTSE100. I do feel like Glen has bottomed out for now atleast though.

What basis do you have to say this will be sub 200? Genuinely asking and interested to hear the reasoning to cause such a drop.

It's starting to look like a buy to me. 366-367 again. I feel like the FTSE100 may drop a little more before recovering some of the recent drops in March-April. If I see a the share price begin with a '35' it looks very tempting for a hopeful 1-2 month hold then sell.

I've just sold but will be back in the new year. Good luck everyone. It's looking much more positive now. Hope to see a new trade range established at 475-500 soon.

Surely a takeover of AAL is not possible at the moment. I'd love to see it though. That would be massive

Thanks GrowUp. I appreciate the time you put into that. It makes sense now. Glen seem to have a lot of spare cash for buybacks and dividends....Also buying Teck.

Thanks GrowUp, I'm still not sure I understand the concept. From what you've said buying back shares doesn't affect what is currently in circulation, but if Glen buy these, seemingly at the value I don't understand why they would just cancel them. Isn't that like buying an item and then throwing it into the bin.

Could someone explain how cancelling treasury shares is useful please? I don't understand the logic. Are they off the books for example and not part of the market capital/ number of shares in issue? It sounds like just deleting a large value of money

I think some of uncertainty is probably what will happen with the coal spin off business. When, how and what will the values be if both after. I think it's positive but maybe there's some questions that need to be clarified before the share price starts heading up. That's my thoughts anyway.

I topped up earlier today using the dividend payment. My personal feeling is that the share price has found a decent floor around 450p so hopefully it can start climbing towards 480p again.

Personally I'd stay well clear of AIM. There's always an impressive sales pitch along the lines of they've found gold in 1 mine already and are going to be drilling in 6 others soon. No results and the share price continually falls.

TnJacobs, I hope so that would be brilliant :)

I'm using ii and the share value went crazy at 4:30pm to show the current price at £5.40 and a nice green profit. Is it normal to see this sort of thing around closing time?

The value of your shares has no bearing on the dividend you'll get. It's the amount of shares you need to use to calculate it. It's approx 17.6p per share. Multiply 0.176 by the amount of shares you have.

Hope you sliced a chunk at 437 to top up the big dividend. Keep killing it Ripley haha

To be fair to Ade the vol.bought (23 million) and vol.sold (6 million) doesn't match the volume of 55 million. It's a little confusing and I guess you should just ignore the bought and sold if it's not reported 100%.

Good stuff, good luck everyone. I got some at 461.3p. Hoping to get a rise to 530p in the short term plus the dividend. But will be happy to get the dividend and wait if not. Playing the long game I'm confident this will be back to its highs of 580p+

Getting ready to buy more at this price. Only need to hold them until the 4th May to qualify for the dividend as well. Would be nice to get a profit+ div

No I don't believe so. One of their proposals was to give shares from Glen, to Teck shareholders so no new shares will be created. Or they would give cash instead.

I get the impression Glen is like a coiled spring and once the Teck business is put to bed this will rally. Expecting some big days ahead