The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Enjoy tomorrow, all holding long. Feels like it's going to be quite an event, I'm quite excited!
Good luck sleeping all those short, you're going to get a shoeing and deservedly so.
Given that the resources were quoted to be 104.6 Moz as at '31.12.2020', can we assume that this reveals what AP were doing in the area in the run up to Christmas? They did say they had been very busy! Looks like they were working on the Russian Feasibility Study.
Interesting to note that the latest UBS RNS is declaring a purchase/sale of shares/CFD in equal quantities. I'd be inclined to believe this is not a transaction undertaken on behalf of one of their clients. Looks more like a 'test' by UBS themselves to me......
You won't find it printed anywhere as it was off-book.
Well, it looks like the reason the share price has been manipulated down to these levels has been revealed. York Holdings obviously wanted to extract some cash out of the Refinitiv deal now and so are conducting a large placement for institutional investors. Some of their shares (which are not currently free-float and don't currently carry votes) will be listed once taken up by the institutional investors. I suspect that they've been planning this for a while (i.e. since before the Refinitiv deal was concluded) and that the institutional investors had already indicated they would be happy to take part in a placement at this sort of level. Worth noting we are at a very similar level now to where the share price jumped to in 2019 - immediately after the Refinitiv deal was announced - funny that! Now, in theory, this announcement should have no major bearing on the share price in normal circumstances as it's nothing more than unlisted shares changing hands and becoming listed shares with full voting rights, there will be no dilution or consolidation of existing listed shares. My guess, it won't be long after the placement that the retrace starts. After all, the institutional investors wouldn't be interested in taking part in such a large placement if they didn't think it represented good value.
Sorry Rattie, I'm afraid you are misinformed. Trift is absolutely correct, you can most definitely only leave your ISA pot to a spouse or civil partner. In such a situation, the entire pot maintains its tax free wrapping and in effect, it is just the name of the owner/beneficiary of the pot that changes. In all other instances the pot has to be liquidated by the executors and forms part of the overall estate in much the same way as cash in a bank account would. Needless to say, this would be subject to IHT.
This is correct but is not intended as advice!
Smartalec1 (oh the irony!) - What are you on about? There aren't any open short positions on this stock. Significant short positions have to be declared. You obviously haven't noticed it, so please have a look at the tabs at the top of this message board. One lists any declared short positions - there are none!
Looks like it's bottomed out now.
Thanks for posting your thoughts J4ams. Don't forget that Eurasia only own 80% of MT though, so your share price needs to be discounted to reflect this.
sly_london - Comforting to know I'm not the only one with premature timing! I expect we'll open up on Monday, especially looking at today's closing levels in the US. But if we do drop further, I might be looking to top up a bit more if I can free up any more cash. Seems like an opportunity to me.
Well, wasn't expecting that to happen today! I must confess to having sold about 90% of my holding here for £96 a few weeks back on the rise. I was trying to be clever and my intention at the time was to try and buy straight back in later in the week at about £93 and bag a few extra free shares. Unfortunately, I was a bit premature and it carried on to £100 without stopping! Convinced that I'd missed my opportunity for the foreseeable, I parked the proceeds in various investment trusts in the meantime. All of those have since had a hammering, along with everything else, so I would have been better off just sitting tight and waiting (hindsight is a wonderful thing)! I decided that today looked like an opportunity to be seized, so went on a selling spree/damage limitation exercise this afternoon, freeing up enough cash to buy 441 shares back in a couple of tranches at just under £83 per share, so feel like I've made amends to some extent. Whilst already underwater with those purchases, I hope it won't be too long before they look well timed. Holding 480 in total now and don't plan to sell again anytime soon! YamR1man - yes, summer will soon be with us and all will be well. Hopefully Cadwell will be open for spectating again soon too!
Wow. It'll soon be catching Bitcoin!
Looking at the rather sudden uptick in SP towards the end of this week and those Moby Dick late reported trades, it's becoming increasingly more difficult to believe this is just sentiment / expectation of conclusion to FSP driven.
Thanks you and you're welcome!
I originally posted this back in September, but given that someone has this evening brought up the subject of James' position, I thought I'd post again for the benefit of those who are new to the BB. It's important to note that Lesego Platinum Ltd and Lesego Platinum Mining Ltd are two separate entities, each with their own management structures! I've not edited anything since I originally posted it but I think it's probably as relevant today as the day I originally posted it:-
James Nieuwenhuys is of course our new CEO. As we all know, the board did on the 16 September 2019 state that his appointment to the board would only occur if a potential transaction with Lesego Platinum was to progress. In announcing his appointment to the board on 26 November 2019, it was stated that there had been a change of approach and whilst there was not at that time an intention to enter into any arrangement with Lesego, both companies would continue to keep this under review.
James Nieuwenhuys was and I believe still is also the CEO of Lesego Platinum Mining Ltd. Lesego Platinum Mining Limited is a company 74% owned by Lesego Platinum Limited. Lesego Platinum Limited is in turn 100% owned by Heaven-Sent Capital Fund.
In July 2020, Xia (Jeff) Dong became the new CEO of Lesego Platinum Limited. He is also the Principal of Mining Investment for Heaven-Sent Capital Fund. Coincidentally, he also used to work at CITIC. The non-executive Chairman of Lesego Platinum Limited is Sheng Zhang (Michael). Funnily enough, he also holds a position at Heaven-Sent Capital Fund - as its CEO.
So, James, our new CEO, in his capacity as CEO for Lesego Platinum Mining Limited, reports directly to Jeff and Michael as CEO and Chairman respectively of Lesego Platinum Limited (who seem to have had a major staffing reshuffle during July). In turn, Jeff and Michael are Principal of Mining Investment and CEO respectively at the overall umbrella organisation Heaven-Sent Capital Fund - oh, and one of them has links to CITIC. Perhaps James would be just as comfortable reporting to Jeff and Michael in his capacity as CEO of Eurasia - just saying........................
You're welcome Elchagie! A decent SP bounce here today too.....
Hi Elchagie. Think they've had their stake for a long time. I don't think their holding (i.e. number of shares) has changed. I believe they are just having to report for regulatory purposes that there has been a percentage change in their share of ownership of LSEG (a dilution in percentage terms, albeit of a now more valuable company). Anyone holding more than 3% of the company has to report a change using a TR-1 form. This is of course a direct result of the additional shares that were last week created and given to the former owners of Refinitiv in exchange for their company.
I'll second that Elchagie!
steviewonder77 - I'm not sure how you've arrived at a P/E Ratio of 72. I'd be genuinely interested to see your workings, so perhaps you'd care to share? My calculations:- Using the last accounts available, the quoted adjusted earnings per share are 200pence. At a share price of around £86, this gives a P/E Ratio of 43. If you check the financials for this stock on the HL website, they also quote a P/E Ratio of around 43.