Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
And was all the way from 14/15/16 quid to here. IMO a good well managed company, and the reaction to the profit warning was quite mild IMO I am holding
Dividends are far more tax efficient than any other forms of remuneration , especially since pension contribution ceilings came into play. The main man owns so many shares, it will definitely be to his advantage to pay dividends. So if and when surplus cash is available over and above business requirements, IMO dividends will be paid. The cash for the deal is coming over a staggered time period on a monthly basis So no rush
yep all above board
What goes around comes around, a horrible person IMO Hoist on his own petard.... PS keep the faith on RRL i do believe that is a good two /three year play. If you look on III and search on Cris toon there is a link to an interview recording that PL did with a poster on WS named Hoopoe very interesting .. Keep well
H
Regarding the buy back after consolidation. Basically what Pl is saying RRL will have 40 million dollars to buy any shares that are being sold into the market after the consolidation, so he will have the ability if he uses all that 40 million to buy about 15 to 20% of the total shares in the market. He is betting that less than that percentage will want to sell, and so he will be able to 'hold the share price'. Now if 50% of the shareholders want to sell after consolidation the he is F........, and so are we if we hold, and Vice versa. He also said that the shares bought would be cancelled , meaning that the total number number of shares in circulation will fall, meaning the value of the remaining shares will rise, so creating a virtuous cycle of a rising share price. Now i would like to bet if only say 5 0r 6 % of the total shares are bought back, then they will be put into treasury for share option schemes and other corporate activities, IMO they will only be cancelled if selling is strong. Again all IMO It is a good plan but as always it will only work if the market believes it , Think swiss Franc peg at 1.20 to the Euro or Britain and the ERM
keep well my dear..... I will scan the boards for your input. Currently on tour in Japan with Mrs H, met Pug and had a great time. Interstingly i was looking at my portfolio the other day. Big Caps with some small aims in my pension fund + Commercial property, cash and corporate bonds. -10% from recent Highs was plus 15%. Aims on their own -30% at one time up 50/60%. Lessons for me, diversify and take profits when you hit a decent return. Have seen some go from 100% up to 50% down........ Not just the Aims a Ftse 100 guy did the same.... I am not buying any more until the spanish banking and soveriegn debt thing has moved on. If they fail or look like failing all stock down another 20% IMO But hey what do I know. As it is 2pm in Japan this is a two tea post!!!! GL
Apparently, the BOE has published a document on 'removing the subsidy on debt finance', apparently there is a growing opinion that debt and dividends should be treated equally for taxation purposes. Currently debt interest payments are tax deductible whilst dividend payments are not. This is just a snippet in the IC this morning , I will try to do some research after the chrimbo break. I will ask another person to do the same. However I am interested in any views on what holders think would be the impact on NG if debt interest was not able to written to tax. Has anyone heard about this before today? Thanks H
This has been in the public domain for a long time, and I am sure is factored in to the share price. It was a scandal at the time selling them a system that they didn't need. The investigation and lawyers fees probably cost as much as the compensation. IMO
Thanks for correction, I sold out at 85% loss, v painful... Good luck with it, however i fear that the government won't let you make much, however I hope I am wrong
the bank needs 4 billion, the 2 billion will go towards that, the Govt put in the rest / promised the rest It will make no difference to the Share price, although to be fair the Government put in at 6 cents.
The ECB supports this and all other banks in Ire with massive amounts of liquidity, will they still do this if they think the bank has no plan to re-capitalise? Will pressure be brought from the IMF?
Motley fool banking thread,the chaps there say massive dilution , dead duck. I am afraid that is true. Dilution 197 to 1 , so all gone. Sold at 12 myself, big loss!!!
PS there is a very interesting thread on Motley fool , where the holders of debt are debating what to do when they get wiped out / getting 20% back. ( motley fool discussion banking) Debt way ahead of equity when it comes to getting money back so Equity i feel is worth nothing
If i may say so, you did well selling at 52 I sold at 16 , massive losses. I was hoping that things would slowly improve , however I concur with you and i have now sold all Euro financial stocks, the market is being held up by BOE and USA FED liquidity IMO, once this is withdrawn i think we will find out which financial stocks are truly strong( and there will be some) I am now relying on defensives and one or two adventurous telecoms... G Luck.....
Correct!!! I am holding after suffering V Large falls only in the hope for some crumbs in the IPO of the life company, my theory, you had to be a holder prior to stress test and that you need to hold at the IPO to gat a break. Hoping that there will be some sense of shame at the outcome of the stress tests on what could have been a viable company without fire-sales of assts at massive haircuts. Although after the recent property auctions a case can be made for the idea that the bank is indeed a massive loss bearing entity, that will take many years to work through.
Completely agree, i am a shareholder and have worked for the company, in my view a political decision rather than a financial one, I listened to the investment call run by the CEO and the FD they were very annoyed.... to say the least. On the share price I think low single figures tomorrow and I will buy a few as an insurance that things may be a bit better in 18 months time and the tests will be seen as ill judged. I am backing the Irish people to export their way back, as is already showing up in the numbers.
I hope you are right topped up yesterday , substantial holding at around 1.10, the question is will the bank sink the life company? Clearly i am betting it will not but I think it will be on the nod.
True.....
I too have a similar holding , i am going to wait for results, these new estimates of losses are only estimates, there is a sound life business, how big the bank losses are will ultimately determine if there is any value. However I am hoping that all the bad news is in the price and that the export rally will start to bring some life back to the economy.