Member Info for lemmink

Bought 2.5k @ £2.056 (inc dealing costs) ... holding 12.5k .... what's good about that stuff?

Bought 25k @ 27.9p ... holding 100k

Bought 4K @ 78.4p ish ... holding 190k ... brexit stuff muddying the water?

Bought 3k @ just under 81.5p ... holding 186k

Bought 3k by market order ... I think I paid 80p ... Fiki or kill thing didn't work

40k @ 80.25p ... never tried one of these before

Correction 79.5p

Bought 5k @ 79.5k ... holding 180k ... not easy to buy ... I think the results are really good!

Sold 12k @ 78.6p ish ... holding 175k ... half year results expected this month

Sold 3k @ 77p ... holding 187k ... very little liquidity!

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/BCN/13843272.html

Extract ... "we are confident this valuation anomaly will soon begin to close."

My comment ... don't see that sort of line every day! ... and with instis on the register?! ... where do they think it should be ?

Bought 15k @ 70p ... holding 190k ... big red day yesterday! ... Across the market

You're welcome -- good luck with vrs that one looks well scary to me ... I only gave it a few minutes of my time.

Based on an hour or so looking at stuff —- Russian asset costs 72p a share in cash and circa 10% dilution by new shares (struck notionally at £8.15) —- underlying eps appears to be running at £1 — assuming extra borrowing costs and the dilution could reduce this run rate to 85p ?? With copper averaging $6900 per tonne (from half year results) —- sensitivity to copper guessed at $2000 off per tonne wipes out all eps ... current copper price is $6259 per tonne —- so current eps run rate could be 53.5p ... P/E ratio of 10 implies intrinsic value of £5.35 (plus or minus whatever margin of error!) ... not been invested here for a while .. and still not..... just looking .... lol sorry to have missed the pain I was busy getting fried in fxpo at the time—- is it basically just tracking copper again?

Sold 5k @ £2.15 ish ... holding 10k ... no advice intended!

LAP is the property company and main constituent of LAS group ... it probably does a bit more than break even from rental income? But I think it is difficult to reasonably expect it to generate meaningful dividends for shareholders? ... how and when are shareholders meant to obtain returns from their investment in LAP?
BISI (listed) is a coal mine in South Africa it seems to pay ok dividends it is 41.25% owned by LAS ... don't know what to make of it, but from memory the (possibly) active investor (cavendish?) owns a disproportionate amount of BISI directly. ... I don't want to pay over 30p again currently.

You could sell half? ... I think sensible advice would need to be based on more info than just your entry price and position size though ... such as how significant is that amount against your net worth/ portfolio ... how strong is your opinion about the shares value ... and risk appetite - personality - skills - time frame preferences - willingness / unwillingness to endure stress ... etc

Sold 2.5k @ a little over £2.18 ... holding 15k

Bought 25k @ a little over 30p ... holding 75k

Bought two lots of 25k @ 28p ... holding 50k ... discount to NAV primary lure + large cash balance ... possible agency issues re Heller family - possibly being adequately addressed by active investor over last couple of years?