focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
An interesting read about the transmissions mechanisms, volatility and state of play. He is very certain that the dumping of gold futures is at its end and halejujah should that be the case.
I don't know exactly for Halifax but have a look in your emails Chopster. There will most likely be an email giving a few options, one of which will be how to take up the 153p shares - should also say how many you can buy at that price. Expect one way you can do it is by calling them which I would recommend - let them do the necessary in real time on the phone under your instruction.
Eish, Oh yes - no correlation is perfect. In my mind I was thinking real rates - if inflation is around the corner in Uncle Sam land as they think might be the case, then it will take a bit of time to catch up any hike in nominal rates and bring real rates back down. Interest bearers gain traction for a ittle while till peops see what is happening and then go back to gold. [very much my opinion of course - highly speculative, but that's part of the fun] Like yer man on the video, imho, Europe is the big one. If a bank from a big country goes then I hate to think what would happen. A meltdown just at the time politics lurches to the right is exactly what we don't need.
The web address for that Cityam article: http://www.cityam.com/255196/short-history-investing-gold-and-expect-2017 Always DYOR of course. IB
it looks very much like those known unknowns. Italy was not good for confidence. France next year, Germany next year are elections that have a great deal of uncertainty about them. On top of that, suspicions of what Trump may do have not had time to become reality so more uncertainty. That's not to mention the UK and its effect on confidence with Brexit negotiations still to begin. Gold is looking good, at least until some confidence can return to general economy. US interest rates are key in the very near future, looks like they will rise which will dampen things a bit. Nice article on cityam.com website called a short history of investing in gold.
Hello fellow gold mine owners, It been really enjoyable to read this board for last few weeks - good humour and points. As a quiet retired PI (I should add, rubbish PI) from the world of academic econ. I would, if I may, add a point or two. Gold prices are of course a 'haven' and expected to act counter to stock price movement. Thing is, what there is not at the moment is certainty of ec, growth and stock security. If people feel good and there are floods of peops piling out of gold, it is likely to be on a whim and last only until the next 'global' event. Like a crack cocaine high it won't last. If anyone has seen an indication of a return to non crack-cocaine induced 'good times' and no need for gold then please tell. That 'event' could well be Italy, it could be France, it could be Greece (remember that problem?). Below the cool exterior there is wobbliness and jitters aplenty with gold close by acting as, at least, a temporary holding pen. Those unknowns I've gone on about are known. The trouble is the RSA prob. and that, to me, is an unknown unknown. I hope the PAF BoD have made plans. The upside is the known known. PAF is run well (dyor) and, out of them, seems the most robust (fingers crossed). Then again it might be a Patrick Minford utopia. Free markets reign and the FTSE tops 10,000. Gold plummets and when you eventually find the pot at the end of the rainbow, you discover it is worth less than the mud it stands on. Anyone know much about Mngolian gold? Best of all to all, IB
Now not rushing post whilst at work... The 9 to XX figure was a cut and paste so yes, it looks like it was a typo.
It results in pretty much that, yes, with the figures you give Punter. The figures I gave were just a direct cut & past job for the x to 13 basis which is why I titled care to check sums. Just hope they can make a thing of it.
Was sent it as a 'release'. It was how the IFR were reporting the Rights Issue. As far as I received: Nov 17 (IFR) - Convenience food business Greencore Group is buying US rival Peacock Foods for US$745.5m and will finance the acquisition through a £439.4m fully underwritten rights issue and approximately £200m of new debt. The purchase is expected to transform Greencore's presence in the US market. The capital increase is subject to shareholder approval at a December 7 EGM and comprises 287.2m shares on a nine-for-16 basis at 153p, a 34.9% discount to the 235.1p TERP. The shares closed last Monday following announcement of the fundraising at 319.7p. Dilution for those not participating is anticipated to be 40.9%. The record date is December 6, with subscription running from December 8 through to December 21, with a result due on December 22. HSBC and Goodbody are joint global coordinators and joint bookrunners with Jefferies. Rabobank is lead manager.
Part of today's release is this: “The capital increase is subject to shareholder approval at a December 7 EGM and comprises 287.2m shares on a nine-for-16 basis at 153p, a 34.9% discount to the 235.1p TERP. The shares closed last Monday following announcement of the fundraising at 319.7p. Dilution for those not participating is anticipated to be 40.9%. ” That looks like a 9 for 16 rather than 9 for 13, and a Theoretical Ex-Rights Price of 235.1. If you buy all available rights, then 9/25 of resulting holding would be at the rights issue price of 153p and 16/25 at whatever price you paid originally. So if you bought originally on the day of the announcement at 319.7, weighted post rights average price would be 259.688 p. So, an average price of 259.688 and a TERP of 235.1. Ooch! This is if you bought originally at 319.7. Over 60% days since the start of September have had a price above 319.7 so chances are peops paid more originally. Are my sums right? Shan't be thinking Turkey sandwiches this Xmas.