PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Don't wet yourselves, it's the usual pump & dump. You need to be finding funds for the next placing once this has consolidated...
It's not that I didn't think it would happen potnak, it's that I didn't see it affecting the SP to the level we now find ourselves. As it happens, this plays perfectly for my personal agenda. I still have funds available from top-slicing a big chunk of my holding at just over 6p in old money, so I'll continue buying down at 5p intervals and in larger amounts, as I have done today. I appreciate what a fortunate position I am in, and that for many LTH's the current situation is pretty desperate. Having been there many, many times myself in other shares (VOG, TRP, CTT, HAWK, there are others that don't come instantly to mind...) I was determined this time that it wasn't going to happen again. So I top sliced, not just to recover my initial outlay but to a point where I thought to myself, this will do as a decent return on my investment, whatever happens from here. And it's played right into my hands. I just hope that, next time the opportunity arises as it surely will, people will remember the pain of this day and do the sensible thing. Good luck potnak, and all our LTH's (LSH's might be more appropriate, as in Long Suffering Holders) hope whatever your strategies are they pay off for you at some point. Nobody can say you don't deserve it. K
we were warned it would be a **** show as soon as the deal was announced. i didn't think it could be this bad though. 15 years of painful company growth wiped out in a few weeks.
We could certainly do with some leadership from our leaders, & that's a fact!
The volume is still pretty tiny though Aber, this feels more like simple manipulation to me. MM's hoovering up shares from fearful PI's. And don't forget, sooner or later the price has to recover even for RF to make any real money...
Darkest days before the dawn.
NO - 30-35!! Just bought another 5000 @ 34.2p Didn't they tell us yesterday the trial is progressing well? Do people not believe it??
40p on the ask again, few buys triggered so will it bounce straight back...??
I plan to tender my dividend, all things being equal by then. I know it's a risk, but holding DEC is a risk. If it works this time & they continue to offer this option I'll probably do it in future too.
NAV gradually recovering and the SP is trying its best to follow suit, hope it will continue.
Everything aligned except the funding bratt, because they don't have a pot to p!ss in at TRP do they?
Hi StarBright - yes I'm in BSIF. My portfolio consists of speculative growth shares (SAR where I've been lucky enough to accumulate a significant holding free running & PXS where I haven't) and then income shares to supplement my pension. So in that context, BSIF is one of around 40 dividend payers I hold as part of a diversified portfolio. It's at the lower-risk end and, as mentioned below, the dividend is almost 2x covered and yielding almost 9%. I hold a number of other renewables, including NESF & FSFL, all of which have suffered with the sector being out of favour but all still paying decent dividends and trading at a big discount to NAV. I would top up if I could but I've got other targets just now so will have to wait until more funds become available or things improve on the growth shares front.
Have you got any specific concerns about BSIF or have you not had chance to run the rule over it yet?
Yielding over 11% on 7p dividend now sidi, it won't stay like that forever...
BSIF is another, confirmed dividend target of 8.8p which is approximately twice covered and still near year-low sp @ just over £1...
Sorry coolbeans, I had that completely wrong. Don't know what the hell I was reading, must have been half asleep this morning. Thanks for the correction.
Nobody seems to have picked up on their intention to sell the tendered shares on the US market. So, a 5% premium plus or minus any discrepancy between the UK & US share price during the tender period. That's how I read it anyway?
Appreciate that Aber, but the shares I'm buying back now were originally sold at 6.03 in old money (about £30 at today's rate) so not much more than 1% of what I sold them for (that can't be right can it? I think it is though...). I'll keep buying down in larger volumes as the price drops, it's really ridiculous now how many shares you can get for a couple of £K and if they want to throw even more at me, I'll just keep building & building my position here until I spend all the winnings. I understand I could end up with 3/5 of f*** a** but the worst case scenario will be not losing any money and who knows, at some point it could still come good. Nothing has fundamentally changed apart from a lousy funding deal. Some of the directors are hurting much more than me so it's in their interest to sort it out for us. I've more than achieved my target here to hold 0.1% of the company so if it comes good & goes to £1Bn mcap (yes, I know, but IF it did...) my shares would be worth £1m+. I guess that will change after the next RF issue but I'll cross that bridge.
So that's another 5,000 added at 39.4, I know I said I would add 10,000 below 40 but the way things are going there could be buying at 35 by the end of the day or tomorrow so I'm holding back some funds just in case. GLA.
Buying at 40.00, sells at 36.55 Hold on to your hats.
There's no comparison with GRID, they're completely different business models. I thought you said you'd done more research?
This is UK market capitulation in the face of higher-than-expected US inflation reading. And it's not pretty.