Member Info for Paul2566

I don't believe anyone will merge with BP, they may perhaps aquire a green stock as part of their metamorphosis, but I suspect it's more likely they will just do their own thing.
I'm certain they are considering all options.

NAV : £2.1482 per share.
PE : 4.31 (good for sector)
Dividend cover : 2.44x
Dividend : 9.8%
ROE : 20.48%
Debt Ratio : 97.56%

Looking at all data including the above would indicate to me that the price I paid is reasonable, i.e. fair, based on current figures. There is nothing that would suggest anything currently known or reasonably foreseeable is likly to have a major negative impact on the SP or its performance.
Its not unreasonable to suggest that the general uncertainty in the markets at the moment is depressing the SP by 10%, which has nothing to do with the performance of MNG. I see no reason that in a normal market MNG would not be trading at £2, possibly a little more. This is not what I would consider a growth stock, and it pays a decent % return on my investments in the form of dividends.

I'm not sure I understand your comment, any stock is at risk of a 'black swan' event, it cannot be factored into any investment decision with any stock, one can only make decisions on what is known or can reasonably be expected at the time the investment is made. Risk can be mitigated to some extent to counter poor investor decisions and 'black swans' by diversification throughout sectors, stocks, geographical areas, etc.

For this stock I would see sub £1.85 as cheap and £2.40+ as getting expensive in the current climate. For me personally the SP does not change the fundemental reason of investing in the stock, it does not alter the stocks fundementals, it only impacts the level of risk I am willing to accept. I do obviously understand that others may have a different way of valuing a stock and evaluating risk.

Not really relevant to MXC who are a medicinal pharma, should they get involved with recreational use products it does nothing but harm their credibility and means the millions spent on r&d has been wasted. If they did chose this route my reason for investing in them is no longer relevant either.

opulentia

Thanks for the reply.
That was the only conclusion I could make, lets hope they have more honour than our government.

robelo
I agree it depends on the capital invested, I have less than £26k in any one of my stocks, so for me its not really worth it. I can see if I had 4 or 5 times that it could be, but unfortunately I dont as I'm spread over 23 stocks at the moment all chosen with medium to long term holding in mind.

Sure enough dividend arrived today.

Picked up 6305 of these this morning. I've been watching for a while, could have got them cheaper this afternoon, hindsight etc. Got in at £1.9433 including tax etc.
I think its a fair price anyway.

LLOY is very tied to Uk economy only and will mirror any negative sentiment, in the short term at least.

Why have RIO written off the £2.3 billion loan?

Does anyone have any insights on how RIO compares to BHP?
They look broadly very similar.

'term'

I've only held UKW since December las year, and I'm up 6.1% on the stock price, and picked up some worthwhile dividends along the way, certainly one to keep for me.

If this dropw belo £40, I'll grab some more even if I have to sell the wife.

Over the medium tern I think these demand issues will resolve themselves, the worlds need for these products is only likly to increase over time.

As / when manufacturing picks up I think this will gain some value, but I have 442 at an average of £45.9140 and won't be adding more above this, I am thinking about getting into BHP though as RIO is my only miner, and I would like 2 stocks.

Still watching, but now decided I'm only going to be tempted to add stock if it drops below £6 until the next set of results when I will look at it again.

I,ve held NG. for a little while and currently hold 1443 shares at an average of £9.2125. I find it a nice little dividend payer, but don't think I will buy more at the current price. If it fell back below £10 I could be tempted to add more.

So a few of you think the split will be a positive, I'm still on the fence on this. I was in at £14.76 and continue to hold at the moment.

I've found another 2 buys worth of cash, but undiced whether to add another £12.5k of this or add the same value of BHP. I already hold RIO, but I like to have at least 2 stocks in each area. But I do really like the look of GLO. Perhaps I just wait and see what happens over the next couple of weeks.

I was very lucky and saw this as a good investment a short while back, I managed to grab 892 shares at an average of £12.6491 including taxes etc.