Member Info for nimshy6

I have made my first purchase today, I doubt the figures will differ from the reduced £35-£40mn, in which case it appears to be priced in, (hopefully). GLA

Is 'Shortly' finally arriving?

Sampson, if you have been in as long as you say you have, then you had the opportunity to sell around 157p back in 2007. I first bought these around 2004, sold some and bought back, and still holding. It's no good blaming the company for your investment decisions. GLA

I totally agree Smoothbrain, and hopefully Darren does as well. GLA

My first MTL shares were bought Oct 2020 followed by two further buys in May and Sept 2021, so about half as long as accipiter. I don't post much but I'm still here in the background, holding on to my shares. GLA

I've been in MTL for 3.5 years not sold any, bought a couple of times since, and will be here for a few years yet. I have been investing for decades and as far as these bb's go you get to know who the decent guys are, and treat the rampers and derampers accordingly.

GLA

Thanks for your concern for my money JWB.

GLA

That's my view as well ppp, I first bought in Oct 2020 and added twice, in May 2021 and Sept 2021 I have an average of 2.07p so am extremely happy but very content to hold and wait for MTL to be a much bigger co. in the future. We seem to have a top class leader in Darren. GLA.

The Dame will be busy with this from last week ---Complaint lodged after ITV editor sparks fury for saying ‘we don’t want white men’----or maybe not.

He didn't waste any time selling £200k worth.

Thanks for the link BeReyt, those figures make LGEN's acquisition of Cala look an even better investment than I thought.

Hi BeReyt, our figures differ somewhat, I took mine from an LGEN press release 13th March 2018, not that it matters. The important point now is how much LGEN get and what they propose to do with the proceeds. GLA.

Cala has been a decent buy for LGEN imo, bought for a total of £605m, their annual results show that for Y/E 2021 profit was £132.7m and for Y/E 2022 profit was £169M I haven't gone back any further. LGEN bought the outstanding 52% of Cala it didn't own in 2017. Assuming profits were made prior to 2021 and a price of around £750m+ can be obtained, then not a bad investment. I agree the timing could be better though.

Hi MaryBr190, I wondered if you use a commission free broker, seeing as you make many transactions, if so could you recommend a couple.

Thank you

GLA

I've bought in today, I held these several years ago when they were paying a dividend but have been out ever since, with the economic outlook slightly better I decided to take the plunge again. GLA.

Pilsbury7--- ''People seem to forget an oil refinery is being built that at some point in time must link up to Heron in one form or another.''

Therein lies the reason for the delay. IMHO

GLA

It certainly appears to be. GLA

I'll be happy with anything north of 300p, plus a dividend of 14.63p.

GLA

I have just bought back in. Divi 8%+;

Based on Citi's figures of 28p EPS it gives a PE around 8, happy to be corrected, but what's not to like. GLA

''IMO nothings changed but the time frame.''

The value of any assets (if there are any) would have decreased significantly with the drop in metal prices. However I'm sure we will find out ''shortly''.

Good luck all long term sufferers.