Member Info for Lucas01

https://www.*************.com/views/43015/diversified-gas-oil-over-to-pwc-to-explian-why-its-accounts-must-be-restated

People piling back into the 'bargain' price today, but its bargain windfall profits seem very suspect to me. The SP will tank if these get investigated, never mind restated. Dodgy auditing yet again?
Im leaving this one well alone. A lot of people would have saved a lot of money if they had listened to TW in the past, he nailed what woodford was up too well in advance.

I have to say To suggest the only reason the fund is selling a chunk of their holding at below market SP is because of some unknown bad news is just baseless scaremongering . Youve totally ignored the fact that they cant sell their holding on the market , there is no liquidity for such a sale. In effect they are trapped unless finding an offmarket buyer. So TSG have negotiated this buybank discount in order to allow UFG a partial exit for their strategic reasons, and provide shareholder value. Tsg dont have to do this. They have weighed up taking on extra debt and decided its worth it. Just think of the current div yield that will be saved on those shares, offsetting the extra interest.
You must have missed the part where it is stated the directors and fund members will be buying more shares, do directors buy more shares when they are hiding badnews, i think not.
There are some reasons for concern/ uncertainy , and the effect this will have on sp but as share buybacks go, this seems logical and in long term shareholder interest. A lesser dominance of 1 big fund may well encourage other funds to buy in, especially as they could obtain posistions worth taking, with liquidity available. The massive single fund ownership is a negative on tsgs sp .
Whatever your view on the buyback. Dont go thinking this is about hidden bad news. The rns is pretty good at explaining all this and why its happening.

This is the sort of silly market movement to be brave and take advantage of. Honestly the company losing a third of its market cap over likely short term margin issues of a part of the company is ridiculous. Excellent balance sheet, great order book, other areas of the company growing well, buy more tuck away, smile when you look at the sp come next year, enjoy the enlarged and safe divvys

on the positive side though , for new longs you get to buy in while its still cheap, buying pressure must move this up soon.

I was just thinking the same thing, I make it 32 straight buy orders and the price hasn't even shifted, strange, not quite sure what the MM up to here. Im long, and long in patience at this rate.

Same. Let me guess you are with degiro too?

Huge buy order 1mill today . Someone likes this a lot

Totally agree on the double, just a matter of time, prob not a lot either. Ill enjoy the divvys whatever hapoens.
HGM my other fave looks on the cusp of breaking over 160. Great divvy too. Lot more liquidity there.

Just bought some more. I still say its dirt cheap. Only bought some a few weeks ago at 36, up close 20% since then! Even taking the huge spread into account. Never mind the stonking 9.7% spec div on cost. Long term big winner im seeing here. Theyve even had their power cost subsidised by the local gov for 2019. Expect profits to soar! Wont even need gold to go any higher.

I cant see a fee charged. Regretting not selling now. They actually responded to my email though, and suggested it might appear in the coming days when rrs notify them, which seems odd. Hence i was asking others on here.
also i wasnt expecting to get abx shares listed on the lse in Can $, is that what anyone else got?

My broker (degiro) has done the rrs abx conversion, but i have no dividend payable showing from the 28th dec , anyone else had an issue with this?

Any Aim listed stock.

Yes can buy tomorrow. If this is short seller action, they may well cover to avoid paying the divvy.

Ex div is thursday isnt it?

Very strange price action indeed. The joy of being Aim listed? Im buying more, the divvy puts other gold producers to shame, yet they are rising . Russia is far far more stable than many gold producing countries. Its just bias. Gold is rising, mine output is rising, lower oil to help costs , increase divvy a vote of confidence in company performance by directors, great free cash flow . Whats not to like?

That was an unexpected and welcome extra, one can only conclude company performance is going nicely, this share is cheap!

Buying oppertunity imho, ive added@143.4 . I was suprised tbh, looks like it had a false breakout last week technically speaking. This an over reaction back to the downside. Should stabilise. Great divvy yield and policy, Happy to hold long term.