Member Info for legache

I think these results are as we thought. 3.5 divi good. 9 mill cost over run on Rhum. go figure.

Hoping for a Rhum update in the results. Clearly, its been delayed as a result of the weather, lets hope that is all and not some sort of geological disaster!

I am. What reason would be they have for withholding a 3p divi?

If they give a reason, then fine, but i cannot see with cica 100 million in cash any reason to withhold...

Not sure I understand. I'd rather have a more concentrated register, than millions of PIs.

i completely take that point.

However, this is more a reflection of the ownership structure. This is not a share held by retail investors in any great amount, meaning it tends not to move like some other AIM shares - take GKP. Almost half is not in public hands. Its reasonably illiquid.
significant Shareholders Percentage Holdings
SDX SPV Limited/Waha Capital 19.42%
Ingalls and Snyder* 18.77%
River and Mercantile 9.22%
Highclere International Investors 5.00%
Hargreaves Lansdown Stockbrokers 4.64%
TD Direct Stockbrokers 3.77%
Interactive Investor 3.66%
Mr & Mrs Newlands 3.53%
RBC Dominion Securities 3.24%
*Holding includes shares held on behalf of Nikos Monoyios (4.36%) and Dr Valerie Brackett (4.32%)

Issued Share Capital: 205,378,069
Percentage of AIM Securities Not in Public Hands: 40.64%

You essentially look at the register and you'll see that most of it are a with a collection of funds or HNWIs.

Its no bad thing.

We are invested on exactly the same basis, Shakey.

you say it how you see it, not necessarily "how it is", as you put it. Your truth isn't the truth. Its just worth reflecting on this.

I wouldn't continue to be invested here if I agreed with you and although your posts are actually quite droll and do make me smile, i often wonder why you remain invested if you actually believe the words you've written.

I think risk-reward here is very positive, people like David Newlands seem to agree. I can think of far worse spots to park my cash in right now and TBH, the upside in the medium term is fairly good.

My main gripe with SDX isn't anything technical, its how much the management takes in share options and salaries vis a vis what long-term holders have realised. Thye keep talking the good talk, but in reality, we, the shareholders are paying for it. I've seen it all before and it hasn't ended well for shareholders, so for me, that is my main concern. My own view is that looking at the geology, that should take care of itself.

You must be a joy to be around Shakey!

I swear, the only money to be made on this share is by buying at the open and selling at the close each day. Each day, the same pattern, rinse and repeat.

https://mol.im/a/9433075

Me too, i'm out. Wait to see how this pans out over easter.

just hope that a. it's eventually a success and b. it doesn't cost too much!

The main problem in Morocco is the number of customers, rather than reserves. I don't know what the 2p is but it'll be in the recent presentation...

I always did wonder why they decided to distribute the cash. Can't help but think it was more to help their own liquidity position rather than long-term shareholder value.

In retrospect an epic error.

Gary, I sold at back in 2018 thinking i was clever. Doh! Managed to get back in at 96p, thanks Covid! No holding til judgment day. Lesson learnt.

Lots happening this year. Dyor. Of course, that doesn't mean the so will rise. Still, busy...

haven't they just got a placing away!

Okay great, yes my HSBC account has an IBAN. Don't most UK accounts?

divi swiss withholding tax rebate i meant, not the divi obviously/

The Swiss FTA will only refund in CHF and you must have a CHF bank a/c with ideally the BIC and IBAN details.
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Are you absolutely sure of this. It would mean i would have to open a swiss account to get the divi.. I was expecting it would b paid t whichever account i nominate of the form and the crooks at HSBC would simply take their slice in the conversion...