Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Daytradenovice, I completely agree with your 6:49 post, I now have everything in my ISA so TAX is a non-issue for me, but your 8:57 post is I think incorrect. CGT is only paid on "Realised Profit/Loss". That is once you have sold shares you total the profits and losses for that whole tax year (remembering CGT covers other investments and gains, inc Divs, inheritance...) to determine what TAX is due. Therefore buying more shares cannot offset CGT. If however if you have a large profit from selling your BP shares, and you also have another share that is showing significant losses, selling both and subtracting the losses from the profit is legal, as it is the overall profit/loss in any TAX year that CGT is paid on. If those shares that were sold at a loss look cheap to you, there is nothing to stop you buying them back. There is the 0.5% stamp +costs to account for, also there is maybe a time limit (my poor memory believes a day or two possibly a week is needed to fully ensure HMRC cannot link the re-purchase back the the previous sale), but the last time I looked was a good 5-6 yrs ago. To all: HMRC does publish all the information you need on their web sites, which is better than relying on message boards. It will also be current, which is important as they change the rules almost every year.
The consolidation keeps the price per share at a constant level, probably the main reason for doing this is so charts/graphs don't look like there is a major (8%) drop. As for dividends; the company makes a profit and decides to give a fixed amount to share holders. That fixed amount is devided by the number of shares in issue. So a long as the company makes the same amount of profit after this sale and gives the same amount to share holders, the amount per share will go up as there are fewer shares to split it between. Resulting in the same money going to each share holder. The exception to the above is that, if the number of shares you currently hold is not a multiple of 12 you may be down one share due to rounding.
I've just read the RNS and it sort of makes sense for the consolidation with the special dividend. The 27.5p is effectively the entire value of the sold off international division and that equates to approx 8% of the companies valuation. So the 12 to 11 consolidation is just to reflect that 8% reduction in the companies size, This will (hopefully) mean that the price/share will remain at the same levels as now after that dividend has been paid. The alternative would be to do nothing and just have the share price drop by 8%. I suppose it does also emphasizes that this special dividend is not something for nothing.
Agree with the 2.28p this time, which at these prices equates to about 1.9% return just from this interim Divi. As the final dividends are typically around double the interims value the full year return should easily be 4.5%, and more likely over 5% with a slowly improving economy (at least it is outside the Euro Zone). That is why I decided to keep my shares and just take the interim dividend rather than sell (despite being in more profit yesterday) as I expect these shares to be back above 130p within 6 months or so.
"The CEO of ARM, Warren East, was recently confronting the rumours about ARM being an acquisition target. Saying that, “ARM has been built around the principle of being agnostic at every point in the value chain.” He also pointed to the great number of ARM licensees as a reason that ARM will not be acquired, “There are 800 licensees out there. Most are perpetual licenses. They last forever. The worst that company could do is seriously inconvenience their competitors.” It’s a strong argument against any kind of acquisition, but an even stronger argument for ARM’s continuing, and growing, market presence."
Why I think ARM is massively over valued: 1. ARM is currently used in all iPhone/iPads, it is used in all Samsung's Galaxy range, 2 chips have been in every Nintento DS ever made. So comments about taking 25% are daft, it already has about 75% of all smart phones. 2. ARM has been the most used embedded chip for years, billions have been sold, adding a few million smart phones is nice but at best this may double or eventually triple company profits, but look at the PE and the profits would need to be 10x to make this a good investment for dividends. 3. Don't get your hopes up on Microsoft and Windows on ARM; When Windows NT (the core of NT3.51, NT4, Windows 2000, XP, Vista, 7 and will be 8) was first released supporting: x86 (Intel), MIPS, Alpha, and PPC (aka Power), adding Itanium for a few years this century. Microsoft never gave anything other than x86 full support and only kept the Alpha going as that was the system they used to do all 64 bits work on before AMD64 (aka x86-x64). 4. Competition: There are a few processors that are in direct competition with ARM, Hitachi make low end SoC (System on Chip) that allow 3rd parties to add specialist extensions just like ARM, but the big rival is MIPS. MIPS now sell the basic designs just like ARM with very low power 32 bit SoC's to mid range CPU's, but they also have a mature 64 bit processor already designed, that was used by SGI (they bought MIPS in late 90's ) in their workstations. 5. Competition from China: Those MIPS designs above have been fully licensed by the Chinese for the own assault on the CPU world (Google for "MIPS +Longsoon +Godson"). The Chinese Gov intend to use thes chips in all future military kit to avoid reliance on western companies, but they also intend to use these chips in everything from embedded systems, smart phones, PC's, and severs. It may be another 2-3 years before they get their act together, but would you bet on ~25% of the planets population not creating a successful market? 6. Watch the company directors and where they are investing their own money. Ever since this share went above about £1.20 not a single director have kept a single share given to then in options. If you were an executive of this company and though these shares were worth anything like £5-6 would you have been selling everything you had when they were going for £2? 7. Company buy out rumors: Why? Intel would never be allowed by the monopolies people (without massive payoffs) as giving what is now one of only 2 possible contenders to x86 to the current x86 dominant company. As for Apple why would they buy the company when they get everything they need for a much cheaper license, just like Samsung, Sharp, AMD and all the other license holders, non of whom would want one of the others to try taking control or interfering with their products. The above is just the opinion of one guy, who (so far) makes slightly fewer bad investments than good.
Anyone know why the displaye prices for this stock have been completly wrony for the last few days... LSE showing prices around 4/5 pence, where as the share price is actually 72-74p.
That was supposed to be “definitely” not “effeminately“, D'oh!
Maybe id does happen to penny shares...but at least you have a better idea of the risk and buying penny shares that become 2p shares is the risk/reward some people look for. But RSL bought out "Friends Provident PLC" that FTSE100 company and effeminately not penny shares in any sense at all, the risk of being systematically crapped on is expected to be lower. That is why I am in complete agreement with Fattyman; if they come sniffing around SL., I will be looking to exit ASAP.
Go and have a look on the RSL message board. You will see how RSL have totally screwed over the small investors, you're lucky if you only lost 30% after what they just did. 30 to 1 consolidation, followed by a consecutive 17 to 1 rights issue, or to put it another way a share dilution of 510 to 1. I had about £6.5K invested with RSl (previously FP.) and lost £2.5K in that deal. The alternative was to stump up another £6.5K to buy the RI Options. Some how I thought paying a total of £13K to have shares that are currently worth about £7K was not a reasonable way the gamble my money.
If you call your broker/whatever the price you get for selling the RI shares should be very close to: (whatever the current share price is) - 150p eg: as I type this the current share price Bid is 235.4, therefore you should get ~85.4p for the RI shares. I use Selftrade and to sell the RI shares I had to call them; the deal has to made via a real broker and cannot be done via a RSP online. They should give you a quote price, though this may change a little by the time you decide to accept or not.
Just like you, I lost all my profit for this TAX year on these (~£2.5K). My personal opinion is that unless your have vast amounts of money the gamble, RSL is not something any small investor should touch. Just as they devistated your currentt investment with this RI, they are likely to do it again next time they want to by another life insurer (they have always said they want 3). Even if you can afford to buy the options now, will you be able to buy them next time. I currently hold some SL. shares; I will sell them if RSL come sniffing around them, as I personally want nothing more to do with RSl again. Or to put it another way: "I trust them only about as far as I could kick them."
The problem is that the consolidation didn't come with a small RI, it came with a massive RI. Just think if it was not for the consolidation they would have just issued 30*17=510 shares for every original one. Most share holders are not happy when thier existing stake is reduced to say 70-80% of its value, but can hope to make most of that up and often more by buying the new issue at a discount. RSL just made everyones original investment worth 0.2% of what it was, and then expect then to stump up ~100% or the original stake again.
Although I would be very happy to see the shares back to the 60-70p range again, I probbably would not sell for profit even then. The yearly dividend has remained at 6p throughout the current recession and that works out to be ~10% return for the shares I own. As long as they can keep that up I will be happy, as there are few other places that give an ROI even close to that.
Unfortunately I had £6500 in RSL, and before the RI they were down about £1400. When I sold Friday (about 11am) I got just £566.20 for the new shares. I also sold 4145 RI allotment at 83.25p so getting £3452. So I ended up being £2500 out of pocket on these, which has completely wiped out all my profit so far this year on all my other share dealings. I notice no-one corrected my simple calculations from Friday, and I still think these will end up being only a pound or so a share by August/September. One thing was for certain; there was no way that I was not going to throw another £6500 at these and hope for the best. The way the existing share holders have been treated by RSL is disgusting, and I am just happy to be clear of any other dodgy crap they may throw the share holders way. Going by the current share price of 230.7, those RI shares are only worth about 80p now, or put another way, another £123 down if I had waited till today.
A few weeks ago the old share price was about 70p. So a consolidation of 1:30 could have meant a new share prices of 30*70 = £21.00 Unfortunately they then created 17 new shares for every new share, thereby making you new share 1/18th the value that it was. So now that £21.00 share gets divided by 18 (1+17) and becomes worth about: £1.17 I could be very wrong about something here but that seem the make the free options rather expensive...No?