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I don't check every day, but every time I've looked in June there have been three or four bulk carriers moored at or near Richard's Bay; consistently more than earlier in the year. Which, I would hope, means a very strong end to H1 and results at or above the upper end of expectations. 80p-£1 interim divi?
I've just added a few more @ £6.91, just before the close. Well underwater, and think it will be a slow recovery, but they are efficient, relatively cash secure, market leader and the strike, when it ends, will release pent-up demand (I hope). Or, at present tempting price, they'll get taken over.
Celebrated the new listing on the NASDAQ by buying a few in my Charles Schwab account, at a fairly tasty $22.01. Hope they enjoy ringing that bell tomorrow. Currently 3.3% down on Wall Street.
Yup, really nice. Just gave me and doubtless others here an unexpected opportunity to top up at ~£15 before resuming the upwards march. Next stop £20 and then an assault on the all time high?
Added 2415 shares in my ISA at c3.24pm at £5.80.2. HSBC were late in paying my divis, which only arrived yesterday, but with the advantage that they managed to get me the full £1.78 per share. Seemed sensible to plough some of them back in, especially at this low price. Takes my average price per share up to near £4 (not counting the now c£5 in divis, which always previously had SA withholding tax deducted).
Very pleasant "steady as she goes" results. I'll be topping up if it's still under £17 when next month's divis become available.
Looks like the divi dodgers were right after all - they were in profit the moment it dropped below £7.15 this morning, if they'd held their nerves. Think I'll be ploughing some of mine back in here come 9 May. Seems crazy low price, especially given the recent near constant activity at Richard's Bay Coal Terminal. Back up to 15m tons a year?
Me too, used part of this year's ISA to top up yet again. Been great to be able to add at these low prices before the market corrects the recent downward blip.
Well, I've held Indv for several years, with multiple purchases between £15.23 and £1.76 between Sept 2018 and last month. I'll probably add a few more when the ISA sub becomes available next week. A really decent banker, top buy in the FTSE350 the last 2 or 3 years in a row. A bargain today, and almost certainly a top riser this year yet again.
Thought the resumption of trading after almost three months (three months ...) suspesion would cause a bigger sell off on eventual resumption.
Stuck my divi back in (minus the 15% NRA tax). An extra 13.29 shares at $32.92. Total of 51.2 extra shares this financial year in divi reinvesting, and $2.48 per share coming up next.
Might topslice if it touches $50 again.
Hadn't meant to, but the recent drop seems to me so overdone I've added another 260 at £15.23057, taking my average up to £6.60
Wasn't expecting a 1.5% rise today, especially as it was down 5% in immediate after hours trading.
Perhaps some common sense has put in an appearance, along with a realisantion of the busines' underlying value.
Onwards and (I hope) upwards
4th Q looked a bit bad to me, with a loss of $710m, or $8.48/s, and operating earnings down 31% from Q4/2021. On the other hand annuity sales quintuple to $560m, up from $108 in Q4/2021.
And full year net income of $64/s makes the share price of under $50 a steal. Also FY capital return of $482m looks pretty good, especially as over $180m of that was divis. Likewise this year's target capital return of $450m-$550m, which is between $5.42 and $6.62/s (inc $2.48 in divis).
Financial leverage of only 18.3%, and a very (perhaps excessively?) safe liquidity buffer.
I would expect to see over $50 fairly soon, but the market may choose to concentrate on Q4's $381m losses in the very short term (ie, a fall tomorrow).