Member Info for Paul2566

Narcus
You are correct, the exchange rate is as far as I can tell set on the day prior to the payment date, however since that information is not known I translated the declared dividend to GBP as I assumed most on here will relate to that.

Narcus
I am willing to be corrected, but I was under the impression that the exchange rate was based on the value on the declared date.

Dividend;
Declared - Today
Xdividend - 25th November
Paid - 4th February
3.814p Type - Interim Dividend

RichTheNewbie
Thank you for the link, it was very helpful.

Roguemale1
Thank you for the information, I was already aware of that, but I do appreciate you checking I had the information to help achieve my aim. That is exactly what these bbs should be about, helping other investors.
You are right I have a simple trailing stop loss set about 16p behind the days open.
My reasoning is that its better than nothing, and I really don't believe AAF is going to fall more than that in a day.
AVON despite my not being invested, focused my mind on those unexpected events that can and do happen on occasion.
I already try to maintain maximum exposure to any single stock to around 5% of my portfolio, although in reality, for various reasons my current stocks range from 6.15% to 3.58%. I am less disciplined in my management of sectors, being quite heavy on utilities, insurance and renewables, and light on mining, food producers and retail.

If you don't know why information is important, there is little I can add.
Best of luck to you.

Gazzlebury
Thanks for the reply.
I'm only into MXC for this type of stock.
Its my decades mad punt that fortunately I rarely replicate.

Elsinore001
Thanks for the link but I am able to get a live sell price through my broker of £0.0281.
Thats still showing the gain in SP.

This is jolly odd.
CBX up 20.6% as I type.
KNB no change.
MXC still showing 5.6% gain.
If all 3 were up I would suspect some big general news breaking.
Had a quick scan around and cannot see anything to account for the rise.

Pokerchips
Yes but I've looked at the trades and nothing of any size. Even taken together not really worthy of note, so I'm not convinced thats the reason.

What does that mean?

SP now up live at 5.6%.
Still no indication as to why?

I just set a trailing stop loss on AAF.
Set 16p below opening price each day.
I am currently looking at nearly 60% paper profit and wanted to lock some profit in without selling stock.
Seeing what happened with AVON on Friday got me thinking. I would never have seen that big a drop in such a short time frame with no prior indicators.
I don't for 1 second think AAF isn't going to keep gaining in value at the moment, but in reality anything can happen. The trailing stop loss is my safety belt.

SP up 3.7% today as I type, can't see any reason for it.
Any ideas?

So if this bb is a sample of people out there who are aware of PLUS, and no one appears to be using it or has used it in the past.
What sort of person is using it ans why?

Dated today.
Looks like AAF have now been granted a 'Super Agent Licence'.
Yes I didn't know what that was either.

It appears to be a requirement to be able to create an agent network that can service the customers of licensed Nigerian banks, Payment service banks and licenced mobile money operators in Nigeria.

AAF already holds a Payment Service Bank ('PSB') licence. The SAL allows AAF more scope for customer service and potentially more revenue.

The regulatory news service (RNS) is part of the London Stock Exchange and as such each piece of regulatory news is recorded and searchable.
I can find no trace of the RNS to which you refer.
The only RNS relating to MXC dated 12/11/21 refers to the 'Notification of Issue, Conversion or Payment up of Unquoted Equity Securities'.
These securities all relate to the issue of securities totalling 500,000 in relation to performance rights under the employee incentive scheme.
In addition it provides information regarding other securities not quoted on ASX.

I can find no mention on the RNS of any information to which Risingtothestars refers.

This looks like old news from October.

Good luck to you folks. It does look like good value.

I'm not adding at the moment for 2 reasons, I'm a bit heavy on DLG at the moment (6.19% of my portfolio).

Secondly and probably the biggest driver for my inaction, is my inability to determine with any real certainty the seemingly downward trend of the SP since early September.

It looks cheap, it appears to offer good value.
Dividend is around 8%, and a dividend has been paid every year since 2012.
It has a P/E around 10.74 which for this sector looks good.
EPS looks good in comparision with other companies in the sector, only being beaten by ADM. Its the second largest company in the sector by market cap, only being topped by ADM.
Profit forcast for 2022 looks good, and shows an increase predicted over 2021 of £33m.
EPS is expected to grow in 2022.

I just struggle to believe the market could get it so wrong for so long, and can't shake the feeling I'm missing something, when everything is shouting at me to just buy more stock.

I'm not suggesting you have made an error, I think if I were not over weight in this, I would indeed add more.
Conversly even if I were overweight, but understood the reason for the SP, I would probably add stock anyway, and rebalance the portfolio later taking a little profit.

Not a bad week overall.