Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
You’ll have to wait until 4 April to see the exact share consolidation ratio, but let’s assume it stays the same. So I expect the share price to increase to say £4.50 on consolidation date , So the 15000 shares would we worth £67500 plus £20000 B shares cash , give £87500. At £4.22, it’s currently with £84400, so a £3,100 gain. I actually expect the share price to climb to nearer £5 as people chase the dividend yield , … the dividend pot is shared between much fewer shares .
Activists want better returns.. seems like a win win for everyone..
Still can't believe this is so low.. given what is coming.. I'm adding when I can as it could be nearer £4.50 on ex div day given better macro events.. and the better yield should take this to £5.. £6 would be better but perhaps £5.30 as per the brokers suggest is feasible.
Yes, fewer shares but 2022 dividend pot is shared between less shares. Yield will be much higher than now.. say 8% rather than 5.3% today.. so shares will go higher.. 8% is like a Guaranteed Annuity Rate from an old style NU pension which will be bought up.. £5 plus target. imv.
I've added more today. We have the share buy backs supporting the share price until 31 March.. I'm not sure how much left they have to do.. but it feels good and we have the dividend due soon too.
Secondly we know the dividend pot for 2023 is shared with fewer shares once the consolidation is done, which enables them to give 33p/share (2023). So if your happy with 5.4%, then you'll probably get the B shares payout money and reinvest into the ords.. as the new yield would be much higher than today which should push the share price higher as well.
We should start to motor on in Q2 once all the transactions are completed..
I don't think oil prices at Brent $110 are too expensive.. but do on the petrol forecourt where I paid £1.65/litre yesterday for diesel and have seen articles quoting near £2/litre today. I haven't read or seen any prices cut on larger engine petrol cars yet either .. but I find wholesale gas prices too expensive .. Was paying £150/mth to Scottish Power... looked online today and was offered their best deal on a 1 yr fix at £780/mth.. Thought I'd pass and go on the variable 6mth capped rate and take my chance wholesale gas prices will be lower in Q3/Q4. Hopefully weather will be milder from April and I can switch the heating off for 6 mths.. I can use the torch on my mobile to see where I'm going in the evening..
Great recovery in SP today.. but Brent much lower after the close which I expected . Articles saying risk of supply shock much less and I'm not sure Asia will buy this tonight.
I bought some Aviva today.. Dow J doing well.. and Momentum feels good for index tracker funds in short term.
Hi KO. I said 25p target intact for Q1 2022. Clearly Barclays will wait for accounts and update and provide new targets for Q2 onwards.
As we saw last October with GE , we were at 27p and fell to 18p by Xmas.. I want to avoid some of that movement if Brent falls away.. I've seen it happen so many times.. If a rise of $5 only sees the sp move up 1p.. then.. like others who have been buying since 2015.. it's best to trim and reset those shares lower .. 2 mths of deleveraging isn't going to support the SP in the short term if Brent trends down $5..$10.. Ignore the media.. Algos and Avanza control the share price. I accept the massive amount of deaveraging is taking place and repairing the balance sheet. 25p seem to be holding well today..
I'm out.. zero holding ..
Although Brent is $124.14.. clearly there is no shortage of oil and no European World War. Think I can ignore all the calls from Goldman and JPM for higher prices and now expect oil to fade down slowly .. as per the futures contracts indicate as well.. Tullow is a good example of reality v shareholders expectations..
Barclays 25p target seems intact for Q1 2022.
Brent $125 target for Monday ?
https://www.investing.com/news/commodities-news/oil-price-set-to-surge-further-on-iranian-talks-delays-2778724
We definitely don't want to reopen the old stuff.. it's a bit like buying back a car you just got rid off .
Oil is a cyclical business. a 7yr bad run is long enough, but the upturn may only last a few months.. as high prices encourage more drilling. Just seen a good interview on Bloomberg/ ( with a different Goldman chap).. Says there is certainly not any spare buffer, so if the 5m barrels /day of Russian oil that exits on ships is stopped, they see $15 rise in Brent for every month it lasts.. I think the US will feel the pressure next week to act and sanction Russian oil, just like Canada already has.. Europe can follow but the gas will probably still flow..
So over the next 2 mths.. irrespective of Iranian oil.. we could see much higher oil prices. ie $150 . But as soon as the West lifts the oil sanctions.. it will come down significantly.. Feel as if that's the sweet spot to start selling rather than the 26p range I have seen so many times... Another Bloomberg guest said today the cyclical oil business is "buy low and sell high.".
Barclays 7% down today.. Risk off.. European financials are getting hit hard.. I'll assume Putin continues his expedition and the West imposes more sanctions. ie Russian oil exports.. Perhaps that might change his course., because nothing so far has..
Bloomberg used the phrase ‘Super Backwardation’ yesterday. Even mentioned there might be rationing in Europe in the absence of Russian oil and gas , China also has a new directive to acquire all commodities , prices doesn’t matter .
Some shorts don’t close because they expect Enquest to fall at the next hurdle , But at these oil prices ? Perhaps the majority will try and close and reset above 30p , Let’s see how high they can stretch it, if they feel a bit of heat today .