Member Info for KnockinOnHeavens

Will it be announced as standard RNS or will it take a different form do you know?

I mean will it all be kept in secret until it's all put together and then we will just wake up one day, read the announcement and market will start reacting at 8 am?

Cranleigh

Obviously it would be a huge disappointment and we all hope it will never happen.

But this company has a such a great potential that even a half of the expected ROI can be considered a great investment LT.

Fingers crossed for "all debt" scenario, it would be amazing!

I personally take possibility of further dilution into consideration and include it in my calculations. If you think about it even if the number of shares let's say doubled but everything went as planned, Sirius is still a decent long term investment.

OldRascal

Two rental properties is a great advantage but "no longer need foreign holidays"?

Shouldn't the retirement be a time when i.a. you finally have enough time and resources to travel ?

Golfer70

As long as you happy doing 16h a day, nothing wrong with that!

Carondean

Ok, makes sense now. So technically you don't "spend less per annum" but rather make more than you used to when working full time and more tax efficiently.

The net effect is that you kept your living standards and still have money left at the end of the month / year.

verdeceleste

But then, don't you spend more simply because you have more time therefore more ideas, opportunities to go on holiday etc I guess it depends on level of activity.

Carondean

"I spend half the money per annum than I did when working without my living standards dropping"

How come?

We just had that discussion in the office while talking about SXX. It's all relative, isn't it? And once you have it you normally tend to want more...

Question to retirees - do you generally spend more or less during your retirement? You certainly have more time so potentially more opportunities to spend but then again it depends. I know there are many variables etc. + retirement age (I can imagine that early retired trader from the City can have completely different idea of retirement than 75 years old "granddad")

OldRascal

Let's not forget about an earthquake splitting Yorkshire into two islands , deadly meteorites and biblical deluge : )

You never know.

shedhead

No, it is when the board of directors makes such a decision and declares a dividend for payment to stockholders.

Technically it could be anytime (as long as they make profit), dividends are paid from retained earnings account therefore you have to make a profit first in order to pay any dividends and then you need decision of the board to distribute it too...

Beautifully put Andy - the nature of stock markets in one sentence....

I would just say No Risk, No Gain.

Fair enough but what's the real probability of "catastrophic failure in mining equipment" or the whole project "going wrong"...?

Just saying...it is getting built as we speak and surely any short term "failures" can be fixed and shouldn't be "terminal"....
They can potentially have impact on SP today or tomorrow but shouldn't make that much difference in e.g. a 10 years period.
the mine is getting built as far as I know and only a complete disaster could prevent it from being completed (sooner or later with or without hiccups) and that in turn means long term growth.

Borrowing money to purchase shares is not as ridiculous as it sounds actually.

If one assumes a growth over the next let's say a year and has access to cheap money at low or no interest then why not. I might borrow an amount that I'm comfortable with paying off in a year (I would have purchased the shares anyway If i had the money today), purchase shares now, enjoy the growth, sell enough to cover debt repayment and keep the difference (or even keep them all and use the money I earn monthly to pay off the debt as I go).

My point is that the SP e.g. 12 months may be very different in comparison to today's thirty something....It could easily be +25 or 50% and that's more than enough to cover any interest and still make money.
And most importantly by buying today at today's prices we buy more shares and that will be absolutely crucial at dividend stage.

Clock is ticking as someone said....And in SXX case the sooner, the better....If I had done it a few months ago when the SP was in it's twenties I would have made enough to cover any interest, enjoy some of the profits and still hold more than I hold today...

So If I bet on long term growth, dont plan to sell any time soon and plan to regularly top up anyway I might as well borrow to buy more today....

Please correct me if I'm wrong.

Iphone. Itypos. Iapologize.

And following up on your Unilever example Cherokee101: "From Sirius' listing date in 2005 until now" - fair enough but can you say the same and make the same in let's say 2015 to 2025 period? Exactly. Not even close.

Cherokee101

It was just a thought ... :)

Who else had that thought recently?

"If I took a e.g. 100k and bought more SXX shares today, in 2025 (and after paying off the interest) I would have....."

: )

Just saw the price - looking good :)

PAAA

Telling the harsh truth can get you knocked out in the real life sometimes... :)

The real wisdom is not only to tell the truth but also to be able to sense whether the other side is interested in hearing it before you say it:)

Regards
KOH

jonesrichard

Please don't take it personally and please don't stop. I just wanted to understand a logic and motivation behind your actions.

If there is a demand for that information here and you are happy to do it then you should definitely continue. I personally access my SP information via broker's phone app, hence the question.