Member Info for Hollamatronic

Interesting that the travel sector dropped in anticipation on friday some by as much as 10% and nex stayed steady...

Im sorry but no. Vaneck are an etf which tracks an underlying index mvis add or take companies from if they meet or fail to meet criteria. They have no choice but to buy just as ftse 100 etf have no option but to buy ftse 100 shares in all companies. The fund i doubt made no such dilligence and will buy when told to and sell when told to every three month review.

TMT: thanks.

Thanks AM90.

What I am saying is, if they have taken 126m shares out of circulation for themselves, these are no longer in the free float are they? then say other institutions now buy in and take more out, surely the free float goes down and they have to buy proportionally less or maybe none at all even if a market cap changes? Or do I miss understand the 'free float'?

TmT - the problem I see is, if they have taken a large number of shares out of the freefloat, and other institutions now do the same, then they won't have to buy as many in the future, or at all? If I am understanding how they work it all out?

But my maths may be completely wrong so who knows!

I believe it was GDJX. If you do a rough calculation of what the newly assumed 0.66% of c.$6.7 billion USD would be in to GBP (of course not knowing what the exact exchange rate would be), minus the 5,088,200 shares they already list, then you get near enough spot on yesterday's large trade. Add in the UK one which has a different total assets figure, you get a deal nearly spot on another large buy.

Rough calculation is 126,797,325 shares needed at 0.66% of $6.7 billion (again not knowing exact figures beyond 6.7 billion or exchange rate), the figure of 5,088,200 already held plus 121,770,099 shares gives you 127,858,299 shares... Well within the margin of error and the ballpark... Happy to be wrong and have to see another large buy but I believe all the maths and timing point to it being Vaneck GDXJ.

If those 8 million share buys earlier in the week had been Vaneck, then surely as of 17th September they would have been showing more than 5 million shares in total?

Not married to this but if I were a betting man, Vaneck would get my £1!

I'm not sure two weeks will scupper it. Most of the revenue comes from abroad and a lot is guaranteed. I think people will be allowed to go to work here just not to certain places like pubs maybe even non essential shops and no households mixing. We will see but I don't believe they can afford to shut down everything again.

Well if they have to do 0.66% 11m extra would do it. Also they have a UK version do they have versions in other countries? So it probably all adds up to vaneck buying for all of their gdxj ETFs

Vaneck have a version of the fund in many countries don't they? Surely they need to buy for those as well as the USA version?

Surely though since gdxj needed 120m shares and that is what was traded it is them?

"Driving the stock higher was speculation of a 3% buy order in the market, with the key to the whole affair being who the mystery purchaser is. The hope was that it would be one of the big mining sector players such as Newcrest"

I don't think there is speculation over the mystery purchaser or that there was hope it was newcrest, was there???

I think they'd be so popular they could sell them at pretty much market price and be over subscribed.

Warren buffet once wrote this about a successful investor he knew: "He knows how to identify securities that sell at considerably less than their value to a private owner. And that’s all he does. He doesn’t worry about whether it’s January, he doesn’t worry about whether it’s Monday, he doesn’t worry about whether it’s an election year. He simply says, if a business is worth a dollar and I can buy it for 40 cents, something good may happen to me."

Worth thinking upon. Basically don't let external factors govern your decision but the business prospects itself compared to price you're paying - as you say "One thing I have learned is always look at the facts rather than the noise"

Because nothing in life is certain. There could be a market crash and this get dragged down or news might underwhelm etc. So if you can pay off a mortgage now and spend the rest of life a little less stressed and with freedom then why wouldn't you. Everyone has targets and reasons for selling just wish perhaps some would respect and celebrate with others whose lives have been changed, even if it means they are getting off the ride here.

Vaneck had no choice. Mvis run an index that they added ggp to so any tracking it have to buy.

That was showing before the big buys aft er hours. Think it is out of date noe.

Yes that you're hosting the next big party lol

I think it gone a bit weird at shares mag!
Bid Price 121.00 High Price 129.20
Ask Price 168.00