Member Info for LOTM-13

Hi Davidspellacy,

Sorry I don't know the answer to your question, but it's made me realise that I will need to do the same thing given mine are held in an ISA as well.

You'd think that they would have thought about that when structuring the offer knowing a lot of small PI's would hold the shares in ISA/SIP's etc

If I hear anything I'll post the answer but SmartInvestor are never that quick in giving you an answer :(

Good Luck

LOTM

Very surprised by the bid/offer spread today & the actual price.

No where near the £10.84 valuation.

People need to be aware that you need to hold the shares by close of business today to get the 1st part of that £10.84 valuation ie qualify for the £0.559 dividend, with the shares EX-Dividend after that & the payment is on 5th Jan so not long before you start to reap the rewards :)

Yes I bought some more today! (& yes I wish I had done it yesterday but heyho I've score with all the ones I bought last week.

GLA

LOTM

Hi saxman303,

I'd disagree this is the 1st time is broken below £1.70 since the day you bought your's, since then its bounce several times without getting this low again & its topped £1.85 a couple of times as well. Its not doing lower, lows & lower high's which would be a worry.

------------------------

Off topic for everyone - If anyone's looking for free money then take a look at IPEL (you'd need to buy today to get the £0.559 dividend) they've had an agreed merger offer of £10.84 all in today & are trading at under £9.50 which is just crazy.

I bought some last week knowing the massive dividend was coming, the 66% offer premium is a big bonus & that loan note yielding 17%+ that's part of the offer is going to be amazing ! (sorry for not mentioning it for people to research but I had no idea if an offer was coming soon or what price it would be at)

Looks like the SYNT bounce is trying to occur

GLA

LOTM

Wow Genel are doing way better than that, they are recovering some of the outstanding payments from there sales volumes.

So disappointing in that regard for sure.

Oh & if anyones looking for some free money have a look at IPEL - just had an agreed merger offer worth £10.84 a share & trading under £9.50! Crazy

GLA

LOTM

KAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

BOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOMMMMMMMMMMMMMMMMMM

so much for £3 a share IgnoranceParadox,

GLA

LOTM

Wow only a 1 day extension to the bid deadline this time round !

That's saying to me that the current talks have an offer price that includes the dividend in that price, ie shareholders will receive the already declared dividend & £x per share.

Going to be an interesting 2 days for sure

GLA

LOTM

Hi saxman303,

Interesting that you think the price is going lower, I presume then that you took profits or sold out in the mid £1.8's following your purchase at £1.70 2 days earlier ?

How low do you think the bottom is going to be ?

Good Luck

----------------

joseywales,

Spot on "it will go where the powers that be want it to" end of story, we're just trying to profit from the ride in the meantime.

GLA

LOTM

LOTM

Now to sort everything out allocation wise.

I'm swapping things around, the 5,000 shares that were bought previously at £1.757124 are being allocated to the Red trading parcel. It also gets 1,000 shares from the 3,000 share purchase at an all-in price of £1.735743

825 of the 3,100 shares are going to the Blue Core at an all-in cost of £1.705155 per share which takes up £1406.75 of the £1,505 profit to date.

The Yellow core will get 2,000 shares from each of the 2 purchases today ( 4,000 in total) at an average all-in cost of £1.72 per share.

The remaining 275 from the last lot purchased will go into the Orange section & when I next bank a profit some of them will then be transferred over to the Blue Core (at the same cost price)

By having the dearest ones in the Red section my next banked profit will be a lot smaller than it otherwise would have been.

In the meantime instead of having a total now of 5160 shares for the £8105 (£6,600 money that would have gone into the rights issue plus the banked profit to date) we now have 5300 instead which lowers our break-even point to £7.075

I have to say pretty happy with how things have gone today, I'm now ready to start selling when the right chance arises (I'm hoping the next bounce goes into the mid £1.8's)

GLA

LOTM

Hi IgnoranceParadox,

There would be no point in them putting in a bid of around £3 they would be wasting all that money on fees & mailings for nothing.

If an offer is made it will be made to Ashcroft directly 1st of all to see if he's willing to accept it or not, if he's not then the best Headfirst could hope to achieve is a minority position in IPEL & I'm not sure they would want that & if Ashcroft is rejecting it then most shareholders would assume if its not good enough for him then it isn't good enough for me either.

Good Luck

LOTM

Bought 3,100 at £1.694745 hopefully that ends up being near the bottom of the cycle.

GLA

LOTM

Well I bought 3,000 shares for the Red block earlier at £1.72512

I know we've had a sell at £1.705 but I'm still not convinced we've hit the bottom of this cycle. I still think you'll be able to buy them for £1.70x yet.

I've another 3,025 to buy because the Smart investor platform doesn't like you trying to buy 2 lots of the same size within a certain timeframe!

GLA

LOTM

Not particularly good reading in either article when you think about the 2023 performance. There are possibilities for 2024 but how many times have they then failed to then materialise !

https://www.miningmx.com/news/energy/55142-exxaro-confirms-no-improvement-in-coal-exports-despite-helping-tfr/

https://www.miningmx.com/trending/55182-tfr-announces-plans-to-up-tempo-of-coal-deliveries/

LOTM

Hi Walkietalkie,

Slow day doesn't even cover it !

You're Friday sale seems to have been pretty much the top price this time round. Those that paid over £1.85 this morning won't be happy. Bid never improved as I thought it might.

I wasn't actually sure the price was going to really drop today. I thought it was going to bounce upwards mid afternoon.

No I didn't see any red lights in the last 2 minutes of trading ? or is that your buy at 16:28:30 ?

Quite a few late reported trades after the auction.

I'm actually thinking right now that this might test the £1.70 level early morning, but could easily be wrong.

Anyway ready to buy my Red 6,000 when the opportunity arises or seems right ( I might split it into 2 x 3K, if not totally convinced as its only a difference of £6 cost wise) .

GLA

LOTM

Hi silverknight,

No I don't think that SYNT "owes" us £31K.

I could have just written it all off, because lets face it, the share price isn't going to go to £60 so that we would break even.

I'm trying to get the holding to a size that brings down the break even price to something that would be achievable should the company perform reasonably well in the next few years. I'm not saying that the share price will do that or that the company's performance will merit it either.

I'm trying to be realistic as to what sort of market cap the company might achieve that's all.

I'm using the break-even price as a method of showing people what's happening. £9.74 would have meant a near 550% share price gain & over a 5 fold increase in the market cap of SYNT.

That has now fallen to £7.26 through my trading lowering the share price gain to roughly 400% now.

I don't want to be throwing good money after bad, which is why I've now put these rules in place to keep things disciplined & limit the amount of cash that's being assigned to trading the stock. Yes it will slow the process down, but it lowers the risk profile as well.

I hope that's explained it better for you. I am dyslexic & I'm not always sure that what I'm trying to convey gets to the recipient in a right & meaningful way.

Good luck to you to

LOTM

Hi Raydio,

Your numbers are correct.

Red is my Trading bundle but my order for it didn't get filled :( So I've put in a new limit order for 6,000 shares ( in the low £1.70's), basically this holding will normally osculate between 0 & 6000 and not much else.

The Blue Core Holding number will basically just increase over time as profits get converted into long term Hold shares.

The Yellow Holding shouldn't change anywhere near as often as the Red one does, when it does change its likely to go between 0 & 4,000 most times. I've put a sell limit order in place in the low to mid £1.80's for the 4,000 shares as that would be a reasonable gain on the all-in purchase price of £1.757124.

I had been hoping to sell the Yellow ones early this morning especially with those trading going through at £1.85+ but they simply kept a wide spread on the share & weren't offering near what I wanted for them.

Hopefully that helps if not you'll soon get the hang of it as it progresses.

Just waiting on share price meovements now

Good Luck

LOTM

Actually quite happy to see a buy-back notice go through this morning.

Since I can't see them buying back shares at a price higher than what the offer price will be as that would destroy value for everyone.

Roll on Tuesday.

GLA

LOTM

Hmm what has caught my attention is the fact the buy-back hasn't been in action since that last takeover/merger offer extension announcement, which is very unusual given there has been plenty of volume for the company to buy it back if it wanted to.

So I think its crunch time now, either the offer is happening this time round or its going to be dropped.

The company probably knows the ball-park figure that's being discussed & that might stop them from being able to trade now.

Sadly that doesn't really give me a sense of whether the potential offer figure is above or below the current share price !

Good Luck All

LOTM

Waiting with interest to see if they were the ones behind the single trade for 40,244 shares at 11:59 on Friday at a price of £1.39

Friday was the 1st time in a long time that there was decent volume through the LSE.

Otherwise the buy-back has been going at a snails pace for a while now.

LOTM

Hi Blowntobits,

I take it the 3,202 share trade was yours then.

On the one side hand you've done a lot better than re-investing the dividend immediately when it was paid out either at £2.11 to buy-back the shares for May or £1.82 for October, or a combo of both. So well done in that regard.

As for buying at this price, well all I can say is your a lot brave'er than me that's for sure.

They've had a terrible run of things since early September.

Good Luck

LOTM

Hi Walkietalkie,

Nice daily profit in your bank for sure.

I'm not convinced being out at the end of the day is the right move with SYNT, I used to think it was, but the recent trend seems to indicate the better sell price is achieved in the morning!

So we'll see if £1.83 - £1.85 (to sell) is available in the 1st couple of hours or not.

Re-test recent highs etc.

Good Luck & happy hunting to you to

LOTM