Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
They've drawn you in - who's going to jump first?
https://www.google.com/finance/quote/IOG:LON?hl=en&window=6M
It wasn't 5.60, I think it peaked briefly at about 5.40, google finance I think smoothes out the peaks over time.
Yeah, gosh doesn't time fly it must have been end of Feb early March when it reached 5.60. I've taken 16% profit this time round and probably got it wrong.
Can this rise continue? I thought it would last time it reached 5.60 a few weeks ago and didn't sell to see it fall back horribly - should have taken the profit then.
You are all talking as if you think they care. I normally trust my judgement and don't very often get it this wrong. I am still 22% down on this one and am still convinced the 'old' shareholders are been treated like scum and have been taken for a ride. I hope I m wrong - believe me but again the market has spoken after on the surface of it some 'good' results. Bur everything is down the road - the dividend (I'll be dead by then), no buyback, no real vision into the future and transition i.e. nothing for the IIs to get their teeth into and feel (like BP) yeah they are going places and will come out of this well and a world leader. It is very much short termism for the new gang including Mercuria, we are secondary! Why not pay the divi now like Harbour have done? Why not get involved in Carbon Capture or wind farms or something that has a future beyond North Sea. Initially I thought with their financial strength they would do something ambitious and not get into bed with a block who is good at setting up umpteen holding companies for you so you can hide your massive dividends.
'However, following the 2022 year-end, the directors said they became aware that a filing in respect of certain dividends paid in 2022 had not been made as required under the Companies Act.'
This seems very convenient. I wonder if it had been declared whether it would have had a bearing on the deal going through or not? Would really like to know who benefitted, how much and when? I smell a rat or five. If you remember the Tailwind mob formed holding companies and paid themselves ~£100m in divis during 2021. Did they do the same in 2022? If we'd known about this would it have affected things? I think so. This should have been mentioned at the time and the full detail known. Also remember the loan stayed in place pretty much during this time.
I hope I am way off the mark, but if you smell a rat it's probably is one.
Thanks NQM,
"Div paid 27th of July
Ex div date 29th June"
So far ahead it's almost irrelevant. Another two fingers up to shareholder return. The lack of filing in respect of certain dividends bit, I would put 5 pence each way being a Tailwind matter involving our 'new management'. You can't announce another £100m divi for 2022 when you're about to sell the company full of debt can you? Wonder whether Tailwind 2022 accounts have been filed - can't be ****d to look I'm so p*ssed off.
Well Mitch has smashed out the park again - not. Why not a buyback scheme announced, can't see when the divi is being paid, should be paying back the loan asap and no real ambition to win over voters with a transitional scheme or other.
Well the market hasn't exactly got lathered up ahead of tomorrow's great reveal, we will see if Mitch can unstitch us poor shareholders by giving something of the third he has wiped off our stake holdings with a nice dividend announcement and buyback scheme plus some sort of transition project (oh sorry this isn't the Harbour page). It will be interesting to see the level of cash they ended up with year end, should have been ~£500m and how much they will include any Tailwind details.
"Short sellers aren't entitled to dividend payments from the shares they've borrowed. In fact, the value of any dividends paid will be deducted from short-seller's account on the pay date and delivered to the stock's owner."
They must be expecting a massive drop after tomorrow! can't see it myself.
My way of looking at it is the Company is only worth £8m and generating an income be it modest, and any farm out deal, I would want to see these new pumps working first before committing and we'll know about this soonish. Incentive scheme has been revamped for a reason i.e achievable so the board and management have belief this is going to happen. So a modest investment could well be worth the wait.
Very weird movements - 50m buys, then 11.5m sells, then 10m buys (nett I assume), should be going up?https://www.google.com/finance/quote/SYN:LON?hl=en