Member Info for lemmink

Bought 5k @ £5.034 ... holding 10k ... Spanish withholding tax 19% ... didn't know about that?!

Bought 50k @ 2.2p ish ... holding 125k ... don't understand Rns is everything ok or not ok?

Sold 75k @ 3.34 ish pence each ... holding 75k

Bought 100k @ a little under 1.58p (inc dealing costs) - holding 150k - feeling silly!

Agree it looks like a hint at current circumstances & outlook having deteriorated a tad?
Not happy about the drop - would like to say a rude word or two - sulk time?

Denfos, thanks for that - does that mean British investors could be barred from buying stock - or forced to sell what they have?

Bought 5k @ £5.59 ish each -- dividend of circa 40p in a few months time --- makes PE ratio not much over 5

Sold 50k @ 4.38p ... holding 50k ... wow!

Sold 50k @ 3.74p ... holding 100k - I suspect requiring such a small interim facility is a bad sign?

Sold 1.5k @ £2.64 ish ... holding 2.5k - doesn't feel sensible to be selling - but I still want to

PE ratios are typically applied to the bottom line not the ebitda line. Plus there's the Swiss dividend tax thing ... current iron prices could be generating a very low PE ratio going forward for the time being though?

I didn’t notice the rns until after I had sold a few - agree it’s not material against company performance - I think the price is high-ish - not necessarily topping out - because iron prices are strong etc - but how long for?

Sold 2.5k @ just under £2.38 ... holding 4k

Sold 2k @ just under £2.49 holding... ? 6.5k or 7k .. got a bid muddled up somewhere - guessing the Brazil thing might be driving the rally?

Can't justify it with any confidence but it wouldn't surprise me to see those prices again.

Sold 2k @ £2.32 ... holding 9k ... funny old share stable but volatile...

Sold 2.5k @ £2.185 ... holding 11k

Sold 50k @ 3.4p (ish) ... holding 150k ... wot a crock of poo? - south??

Local management only holding local equity may encourage dysfunctional internal competition- games- arguments over use and costs incurred for shared services? - may be it would be better if some of the local equity was converted to group equity? - that could result in control issues though - tricky

Operating in 21 countries with a market capital of £32m - it’s kind of eccentric - they seem to value it strategically as geographic diversification - hope its manageable - local management teams holding minority equity positions in their areas makes sense - a pity the earnings growth is not expected to result in eps growth this year - hopefully this will improve over future years.