Member Info for Moneyman64

Things could not get any worse if they has employed Laurel and Hardy -“Another fine mess”

Thanks Stemis -but surely the Bod should be buying to help give confidence to other investors or they happy to let the shareprice drift 5% per day?

And I suppose everything is so simple in Guinea with a military dictatorship overthrowing an interim Government -civil unrest and a General strike -everything going swimmingly !

Perhaps those in glass houses should not chuck stones Bushy!

The final. dividend paid in May 2019 was 2.14p -final dividend May 2024 1.84p -if you index up the 2019 payment to take account of inflation it gives approx 2.84p-so in real terms the dividend has been cut 33% -too many people being hoodwinked by the share buyback -the postponed dividend due. to Covid has also somehow disappeared

The Bod appear to have little or no confidence in Tharisa -if they did they would be buying shares on the open market at this price which they apparently consider ridiculously low -hence people keep selling and the shareprice keeps falling.

Add to this Karo and the upcoming SA General Election ( with the EFF gaining ground) there is very little to help the shareprice

Unfortunately more people jumping ship -seems strange as if the Bod keep their promises we should have some significant news in the next 5 weeks

Apparently the Kamativi results are being delivered by pigeon chased by Dick Dastardly and Mutley

Charts? More like tea leaves or seaweed

Thought HUM was supposed to be 20p by now ! OF course if there was a general strike in Zambia no doubt it would be Leon’s fault!

Wonder which shareprice will be higher at say 30/06/2024

In other news UBS forecasting copper price of $10,000 per ton this time next year -will all come together if production targets met-

The RNS also states that chrome production guidance is likely to be exceeded.

Any sustained PGM price recovery will also have a very positive impact -per $100 PGM basket price increase equates to approx $4 million profit increase on an annual basis.

Bushy -in the interest of fairness if you expect SeisNav to delete his account if the shareprice gets to 3p perhaps you should do the same when /if the shareprice gets to 7p

Still amazes me that the FCA are considering compensating people for not bothering to shop around for the best finance deal egged on by the likes of Martin Lewis.-as far as I understand nothing illegal has taken place

Where will it stop -compensation for paying more for baked beans in Tescos than Sainsbury.

The FCA seem determined that investors will not see a good return on the likes of Lloyd’s

Buy backs are not a payout to small investors -there sole purpose is to benefit the Bod and aim to increase the shareprice significantly -this has clearly failed and the Bod should increase dividends significantly -yield on shares increase and this should increase the shareprice.

People here cheering up the increased buybacks are not enjoying any “increased payout “.

The share buy back policy has clearly failed in relation to the shareprice and materially increasing the dividend to reflect the 57% increase in profits should at least be tried

The most important point on Karo is if it can be somehow operated at a profit if the PGM basket does not recover materially in the medium term-the purchase price per PGM is not the important factor here.

Also have the BoD given any consideration to addressing the very low shareprice and if they consider it to be to low and have full confidence why are they not purchasing shares on the open market

Dividend is not fine-it is set at what the Bod consider the minimum to not have too much protest-it is still below Pre Covid level.

The likes of HSBC and Compass pay 50% of their profits out as dividends -no reason for Lloyd’s can not do this-rather have another 1p in dividend than any minimal shareprice increase that buybacks might provide

Profit up 57% -final dividend up 15%

People apparently now due compensation for not shopping around to get the best finance deal on car.Perhaps people who buy baked beans in Tescos and then find them cheaper in Sainsburys should be compensated.?

Share buybacks are most beneficial where a company has a relative small number of shares in a n illiquid market -not where there are billions of shares in a liquid market.

The shareprice was circa 66p in 2010 -this shows that the share buy backs have done very little-shows profits should be distributed via dividends and not useless share buybacks

Dividend still below pre Covid level!

If the likes of HSBC and Compass can pay 50% of their profits out as dividends why can’t Lloyd’s?