Member Info for nickphil

Hi guys, new here in JEMA.

Where did you found NAV £5.50?

In JEMA's website I cant find previous holdings to compare with the current. Have they sold portion of the Russian shares after the invasion?

Thanks

This share is currently suspended. How did they perform today's several trades at 34p? Who was allowed to buy today? Why do we not have the same rights?

How should we interpret the following statement :

"Agenda of the general meeting of shareholders:
...
5. "On concluding a major transaction, as a result of which NAC Kazatomprom JSC acquires or alienates (may acquire or alienate) property, the value of which is more than fifty percent of the total book value of assets of NAC Kazatomprom JSC at the date of making decision on the transaction, as a result of which more than fifty percent of the total book value of its assets is acquired or alienated (may be acquired or alienated), including a Long-term contract for the purchase and sale of natural uranium concentrates and other transactions for the purchase and sale of natural uranium concentrates with CNNC Overseas Limited"

Are they trying to tell us they are negotiating something big with CNNC Overseas Limited?
They have room to increase the dividend significantly IMO. Why do they choose to preserve a high cash position?

Kazakh national atomic company Kazatomprom announced the completion of the shipment of uranium via the Caspian Sea to Romania. The uranium will be used by Nuclearelectrica to start production at its CNU Feldioara processing plant, which the Romanian company has said is now ready to begin operations.

Kazatomprom said it won an open tender for the supply of natural uranium oxide "for the needs of Romania's nuclear power industry" in December 2022 and has delivered the material in accordance with the terms of that contract.

There will be recommendation for AGM during this Month (April). This is from the recent conference call.

Yes, there is potential for substantial increase in divi.

Taking into consideration the production increase after 2023, we don't need higher uranium price for descent divi.

Nice to own in Kazak along with POLY.

Is anybody else following this?

HOUSTON, April 30, 2019 (GLOBE NEWSWIRE) -- Occidental Petroleum Corporation (“Occidental” or “the Company”) (NYSE: OXY) announced today that, in connection with the financing of Occidental’s proposal to acquire Anadarko Petroleum Corporation (“Anadarko”) (NYSE: APC), Berkshire Hathaway, Inc. has committed to invest a total of $10 billion in Occidental. The investment is contingent upon Occidental entering into and completing its proposed acquisition of Anadarko.

Berkshire Hathaway will receive 100,000 shares of Cumulative Perpetual Preferred Stock with a liquidation value of $100,000 per share, together with a warrant to purchase up to 80.0 million shares of Occidental common stock at an exercise price of $62.50 per share. The preferred stock will accrue dividends at 8% per annum (or with respect to dividends that are accrued and unpaid, 9%).

On April 24, Occidental made a proposal to acquire Anadarko for $76.00 per share, comprised of $38.00 in cash and 0.6094 shares of Occidental common stock per Anadarko share. On April 29, Anadarko announced that its Board of Directors had determined that the proposal from Occidental could reasonably be expected to result in a Superior Proposal under its existing merger agreement and that it would engage with Occidental.

“We have long believed that Occidental is uniquely positioned to generate compelling value from Anadarko’s highly complementary asset portfolio. We are thrilled to have Berkshire Hathaway’s financial support of this exciting opportunity,” said Vicki Hollub, President and Chief Executive Officer of Occidental. “We look forward to engaging with Anadarko’s Board of Directors to deliver this superior transaction to our respective shareholders.”

The preferred stock to be issued to Berkshire Hathaway will be redeemable for cash (in whole or in part) at the option of Occidental commencing on the tenth anniversary of issuance at a redemption price equal to 105% of the liquidation preference plus accumulated and unpaid dividends, if any. The preferred stock will also be mandatorily redeemable for cash (in whole or in part) upon certain specified capital return events. Dividends will be paid in cash or, at Occidental’s option, in shares of Occidental common stock. The warrant to be issued with the preferred stock may be exercised in whole or in part and from time to time, until one year after the redemption of the preferred stock.

The preferred stock and the warrant are being issued and sold in a private offering.

I should write: "the average spread price buy/ask at this specific time"

Thanks VistaMan.
At the end of the site you provided it indicates: "The buy/sell indicator is therefore based on the trade price in relation to the mid-market price at the time the trade is published".

For me, as a non-native English speaker, the above sentence has 2 interpretations:

1. Either: "The buy/sell indicator is therefore based on the trade price in relation to the mid-market price (the average price executed at the day, at that time)at the time the trade is published".

2. Or: "The buy/sell indicator is therefore based on the trade price in relation to the mid-market price (the spread price buy/ask at this specific time) at the time the trade is published".

--- "Gazza, if its red and says sell, how is it not a sell?" ---

I increased my position yesterday by hitting the "ask" in 2 instances. My broker is "Interactive Brokers". I found and checked these trades using LSE's page "AMER Share Trades". Both were red and marked as sales.

My impression is that this system of Buys/Selles provides no reliability. Do not waste your time trying to utilize it.

P.S. Using Interactive Brokers I am able to perform trades almost everywhere. However, I can only see "Automated" trades in London's stock market and no "Ordinary" trades. Is there any recommendation for any UK broker who has full access in the UK's stock market? I am an EU citizen. (I know BREXIT makes everything a mess for the time being).

Gizzy, have a look at Interactive Brokers.

... and they own a pipeline

h t t p s : / / w w w . v o x m a r k e t s . c o . u k /articles/horizonte-minerals-live-company-group-obtala-and-malcy-3c748db/

(Delete the spaces between the letters)

Go to 40:30´´
**************************************/articles/horizonte-minerals-live-company-group-obtala-and-malcy-3c748db/

https://twitter.com/mgrahamwood/status/1084740330048626688

"Notice that @AmerisurResourc broker Stifel has hugely increased its TP from 20p to 35p on the back of CPO-5 exploration potential, something I concur with. ‘One of the most compelling we’ve come across’ putting 75% on upside. Wow!"

in the area. Listen here:

https://www.btvi.in/videos/ongc-videsh--strikes-oil-in-columbia/30969

"Like we executed our immensely successful 2018 exploration/development program that's made bu**er all difference to our SP. Still at the same SP as was on 1/1/18. Taking inflation into account, we are actually worse off. "

Agree.
Fair value today is much higher than it was 1/1/2018. That's why I am buying today and was not buying 1/1/2018.

hyms, I noticed this part of Paul's presentation as well. I was asking myself: "What does he talking about?" Because it didn't seem to make any sense since we were assuming that the reverse takeover was THE imminent goal for him.

Anyway, what I want to say is that we should execute first our 2019 exploration/development program first before thinking of any merger. Without a severe setback, SDX should be a different animal than it is right now.

There had issues in the past on how to calculate the revenues from Meseda. See for example note (1) of the following Link:
http://www.share-talk.com/share-news/sdx-energy-inc-aimsdx-q1-2017-financial-and-operating-results/

It states:
"(1) Net Revenues for the 3 months ended 31 December 2016 includes US$2.3 MM relating to gas and natural gas liquids revenue relating to the period October 1, 2013 to December 31, 2016. This revenue had previously not been recognised due to uncertainties relating to entitlement and pricing which have now been resolved."

It says the problem has "been resolved". However, I would like to know what the issue was and the solution (or the compromise) they agreed on.

Anyway, it seems not to be an important unknown.

Hi shakeypremis, do you have any link regarding the entitlement and pricing status in Medesa?