Member Info for NickRubens

Interest rate rises should benefit LLoyds in terms of margin, so not sure why the weakness? Mortgages are secured on the asset with good deposits paid upfront by the buyers.

I think the uk may default at some point on it's sovereign debt as gilt yields push higher on this fear and rolling over the debt gets more expensive.

Is it safe to say that Lloyds don't have any of this gilt junk on it's balance sheet? That's what would concern me more.

With board expectations. Anyone know what the expectations are? I'm guessing some EBITDA figure expectation and not solid pre tax profits? I've bought loads of stuff at Music Magpie in the past, DVD's mostly but not expensive items like top line mobile phones (as I hardly bother with them day to day) which I would think is a great way for the younger generation to buy into technology, assuming they are skint?

Why do governments seemingly move slow or not at all, is it all part of the self importance charade? You would think they would get the approval process done asap. I'm sure they would appreciate the subsequent taxation revenue they all pay themselves with.

Share price is now 6.5p and mkt cap under £1m it seems. So what happens next? Annual results should be on 21st June? Just a few days away.

A drift to 70p would be ideal, as long as there is no new bad news to trigger that. Just a waiting game now and who knows how the market is going to behave meanwhile and the valuation? No crystal ball here, just a bit of luck and guesswork for me.

After two days of a strong SP rise and news of a new shareholder on board, it's quite natural to come off a bit.

Longer term the debt can be managed with good strong profits. I was out a bit early yesterday morning and missed the extra 10%.

Looking to buy back in if lucky enough for the longer term, though can't help myself doing knee jerk reactions to strong price swings. Itchy fingers on the buy/sell button.

Yes, quite a notable sudden SP fall today.

Another miner down around 99% for me.

There's always money to made raising money for mining, rather than mining itself.

Looks like profit taking may have set in, especially for those who bought in the last fund raise.

Should settle at some point with expectations ahead of Kourrousa, though does anyone know of any forecasts for increased production expectations? How big is Kourrousa expected to be? Cheers NR

Cheers Ntl101, It was HL I dealt with, no stamp duty first two purchases, but quote to buy today included Stamp Duty. Same with Jarv IM, they included stamp duty.

Only ii quote was without stamp duty today. Just hoping for a slight pullback if lucky to buy in again. May have to buy higher up if needs be, but I can wait about a couple of weeks.

A mystery with the stamp duty discrepancy.

Have purchased and sold this stock twice over the last few weeks and there was no stamp duty on the purchases.

Was looking to buy today and suddenly stamp duty is payable? However with one of my brokers no stamp duty is quoted but with two other brokers it is!

Anyone know why this is? Cheers NR

Are there any profit forecasts for the current financial year. Interim's due 25th May. The only value with asset management is the profitability I would think, as there won't be any tangible assets (land, buildings etc).
10% Yield is very luring but over last three years the dividend seemed to be, close to all or more than EPS? Having said all that I am looking at this, but on the sidelines for now.

Bought a few for the first time. I think the market will feel reassured that things haven't got worse but starting to turn around and business will generally start to improve. I expect the SP to improve ahead of hard bottom line figures being announced. Looking at many months of holding though.

So, we or the market are now seemingly just awaiting a funds raise? Can they get a placing away without any good news prior? Can they bring in a big strategic investor?
I thought things were imminent 10 - 15 years ago! Can't believe it's still in some kind of limbo or I can now with hindsight but certainly would not have thought so back then.

Well, something needs to change, especially as I keep adding. Might be a run up to the dividend xd date on 11th May (4.46p), where I may change my mind if I get cold feet for the longer term.

Will be interesting to see the manner of raise and how much.
From today's Interim report.
"The Company will need to raise further funds by early in Q3 of this year. "

usual placing/dilution fears I would think as things drag on and on and on. I've been here over a decade thinking phulbari approval is imminent and it felt dragging a decade agao.

Well, I decided to buy a few again, having been out for some time. Another year ahead to see what happens. Of course the company needs to get it's profitability back on a growth trajectory, but might even be bid for before then.
Might be a disaster. Who knows. I'm already down slightly, As soon as I bought a sudden rush of selling ensued! lol

Cheers Sam, I wish only the best for any shareholders however long term or short term and for that to be successful medium/longer term it needs the underlying company to actually be doing what they are supposed to be doing and not riding along a cash cow of employment and pension perks until there are no more shareholders or banks to mug along the way.
Not accusing Reach of being such, but you'll have seen plenty of lifestyle companies in your trading/investing experience. They are the ones that produce the snakes for portfolios to slide down to nothing.
Reach looks interesting longer term but at what price I'd take a punt, I'm not sure yet. Might end up panic buying at higher levels while waiting for lower?. Good luck for today.

Sammaclcleod "I don't know what I think about what the mkt thinks."

I worry what the market thinks because that's where any share price gains come from or if worried the share price falls. I'm interested to know if you'll hold on to your second trade today of buy @ 83.9p or take a loss.
You may still get lucky. I've had day trades go wrong and months/ years later they made me a profit, except for the ones that went to zero. I'm terrible at taking short term losses.