Member Info for Marmion

Investors and conspiracy theorists like mike1974 who claim that perfectly normal price fluctuations are "manipulated by the big boys" would usually be better off investing in a tracker, or sticking to the building societies. Tga's price is highly volatile and responds to the price of Richard's Bay coal, to world energy prices and even to the state of the South African rail network. Not to manipulations by sinister unseen hands.

Grow up.

Seems very unlikely indeed. Lot of wishful thinking here. For it to happen would require the war to last a lot longer, and Trump will chicken out soon, as usual. Fortunately for the global economy, if not for Thungela specifically. Current level is very pleasant for those of us who didn't have the sense to cash in in 2022-3, but have enjoyed £5.60/share in divis since "flotation", and (now) perfectly respectable capital gains as well, at least for those of us who bought in 2021 at under £3.50. If it does get to a tenner (which I deriously doubt), I'll probably top slice heavily. Otherwise enjoy the divis, irregular tho' they are.

platinum giant lists in london amid hopes of market turnaround

anglo american adds a secondary listing as part of the mining group’s restructuring

platinum giant lists in london amid hopes of market turnaround

published on june 3, 2025

by alex hamer

london has a new major mining company this week as anglo american (aal) demerges valterra platinum (valt), and the secondary listing arrives amid early signs of a recovery for the precious metal price.

a market value of £8bn makes valterra one of london’s largest pure-play mining companies, just behind fresnillo (fres) and anto***asta (anto). despite its size, valterra won’t join the ftse 100 because its primary listing remains overseas, in johannesburg.

prices of platinum group metals (pgms), which refers to platinum, palladium, rhodium and others, have fallen in recent years because of lower demand from the car industry, which uses them for exhaust systems.

Interesting article

https://www.investorschronicle.co.uk/content/b11d76dc-d5fa-4c6c-9af3-ce4704e246ce

The dividend is 41.8p after 10% withholding tax, not 37.18. No need to pay 20% rate - have TGA using in my ISA (X-0), general pofolio (Investec) and SIPP (Hargreaves Lansdowne). Only HL charges 20%, so I've been running down my HL holding and adding to my ISA. The difference for me is a 4 figure sum.

Seems a decent return in the circumstances (ie, low coal price - 30% down yoy). Also completed Ensham successfully. And fewer issues with rail freght.

Steady as she goes.

It’s not exciting, that’s certainly true. I topped up yesterday in the hope that it would be, but I’ll just have to stay patient. And perhaps reinvest the divi in March.

I'll get my state pension in a couple of years. Like a remarkable number of people, the eleven grand will just be a nice bit of extra pocket money, fortunately with 40-45% tax already deducted. Much better give the money to people who really need it. Slippery slope my árse.

Chartist gibberish

Just spoke to my broker about taking up my 1073 rights. She said she'd spent most of last week dealing with people taking them up which is hopeful, if anecdotal. Fortunately enough cash in my ISA to fund it, thanks to some chunky univested divis last month from, eg, MNG, Lloyd's, AAL.

Back over £10 by September?

Fleccy says (at logorrheic and often semi-literate length)

”The close price on Friday was £8.89 FACT

Nothing to do with going Ex rights”

You really are remarkably clueless if you don’t understand that much of that drop is directly derived from NG going xr, just as it will drop next week when it goes xd.

Do you think equity investing is really for you?

Don't you get tired of spouting all this gibberish?

Shell pays 3.58% divis at current price, compared to 4% for Chevron, 3.37% for Exxon and 4.4% for BP. So it's not that, and historically 5-6% for all big oil is not unusual, and I hope we get back to $2 divis pa very soon. But I agree reducing debt is desirable, and that is one of the things they are doing, as well as reducing outgoings and increasing eps with the buybacks.

After BRK/B Shell is my largest holding, and is my biggest income generator (except in years when TGA goes mad); the mixture of capital gains and steady income suits me fine.

And presumably the 16% rise in BISI's price should have a knock-on effect on the owner of 42% (from memory) of BISI's shares?

Like Edward, not as bad as I'd feared, and possibility of (a very little) jam tomorrow from both companies.

Profits slightly above expectations, destocking taking place, revenue down but onyl in 1 (because of destocking). Mostly very positive. Market seems to like it.

Must be close to the first half trading update?

Divi received and reinvested here, with a few quid extra. Holding now nearly 50% bigger than at "flotation", and planning to add on anything under £2.40. Average now just over £1.80, so hardly stellar gains, but with the divis I'm not complaining.

"Rothschild is not famous for being an idiot".

Well, up to a point. He's hardly the sharpest knife in the family drawer, as he amply demonstrated in the Bumi fiasco.

If you really think it's going to fall to £6 after xd you'd be an idiot not to sell now and buy back then. I don't so will be holding and probably reinvesting at least part of the divi once it's paid. Each to their own (I've held and bought these since getting 200 from my Anglo holding at £1.20 and buying more up to £4)

TGA is not AIM, but there's no stamp duty on foreign shares either.