Member Info for picstloup

The company will indeed be sold off eventually, probably when the old boys, god bless them, finally stop bed blocking/die, but there is no reason at all to believe that it will be at a premium for (the other) shareholders.

Very nice, although to be honest it's only just back over £3 a share in old money.

And it's "fewer than 140m shares", not "less than".

And another tranche: 8500 10 minutes ago at something slightly over 83p, bringing my average down another few p.

Walking holiday in Extremadura with weak signal and just saw 400% rise. Thought, ah, the takeover's come through has it? - I was only expecting £6 or £7, £14 is amazing. Then remembered. Oh well, one day.

I think so, and added a few more yesterday at £5.75. They make stuff people want, they sell it at a (massive) profit and they're becoming even more efficient at it with the new sheds in East Anglican and the US.

Charts schmartz. Stuck my divi and a bit of spare cash in here, upping my SIPP holding by 25%.

Back to £2+ before long from this.

I've hedged a bit, selling 2000 from my HL SIPP @ £18.2869 a couple of minutes ago. Will buy back in the morning, we'll see at what price - my main block of shares are in my ISA and held by Investec in Crest, so only attract 10% wht.

Should be a good opening in London. Ambivalent, as planning to stick this week's divi back in.

But anything under £50 is a buy.

31 brokers have positions on Shell, with predictions ranging from £35 to £2. 45 (Citigroup). Hundreds of highly intelligent, highly qualified, highly paid people all looking at the same figures and coming up with answers roughly 75% different.

I'll be sticking my divi back in here next week, especially since we're now on a slightly evener playing field with European competitors.

They are a shower and the price will continue to drift downwards until leadership is demonstrated.

However, badly run as it is, the company is relatively cash rich since the disposal, and still generating adequate fcf. So, as others have mentioned, some pointy heads somewhere will be running their calculators over the business and wondering whether to put in a quick bid.

Which means I might buy a few more if/when it dips back down into double figures, especially assuming dividends for the full year of, say, 5.2p.

But it's so sad to see the decline - I bump into Rilla Carr, Ian's widow, in Brampton quite regularly and can't help wondering what he would think abou the mess the current incompetent board has created.

Crawshaw quite right, many of us do have an average considerable less than the two divis so far declared - in my case £2.50, with some from the first day (also the first day I posted here, wondering whether/when to add to my AAL inherited holding) . This may well fall back, but with around $500m a month accumulating in the bank its unlikely to drop that far. Divis of £6 (after tax) next year, anyone?

Not planning to sell anytime soon, despite breaking my golden rule about not having more than 10% of my holdings in any one share (other than Berkshire Hathaway). May topslice when it hits the 10 bagger - probably round full year results).

Many of my shares have, fortunately, done far better than Carr's. You say Holmes took over in 1994 at £1.53 and left at £13.47 20 years later.

That's a beggarly 11% annual compound growth, even including reinvesting divis - a tracker would have done better over that period. Luckily I bought most of mine at between £1.20 and 80p in the year before and during foot and mouth so did pretty well, especially having sold mostly in 2017-8 rather than waiting for this trough.

I've met Chris many times (our children were at school together) and he's pretty unimpressive as a person as well as as a chairman - "nice but dim" was the consensus on Etterby Scaur. I remember one of his senior managers making a joke about having to ensure the CEO had his large gin and tonic the moment the AGM concluded (usually at about 11.50am...).

Pushed, I assume? Hope the payment for his failure wasn't as extreme as Mr Kumar's shocking bung.

Offer accepted at $3.3b. As I predicted the sharks owning the minority interests in THP squeezed an extra couple of hundred big ones out of Río. Some are still dissatisfied - hedgie Sailingstone, which hold 2.2%, objects that it's not early enough "We are not interested in selling our stake at a massive discount to intrinsic value as we sit on the precipice of a wall of free cash flow."

I very much like the idea of falling into a "wall of free cash flow".

https://www.bloomberg.com/news/articles/2022-08-24/coal-stock-that-s-up-300-gets-morgan-stanley-price-target-boost#xj4y7vzkg

Rio has upped its offer for the 49% of Turquoise Hill it doesn't own, from $2.7b to $3.1b, despite copper prices having fallen since the original offer.

I'll bet the sharks who own it will try to squeeze Rio even more. Rio should call their bluff and make them pay the development costs of their 66% stake in Oyu Tolgoi.

Don't understand the recent slide in the share price, given good recent contract wins, positive trading statement, CEO purchasing, somebody stake building etc.

So I added about 25% to my holding, taking my average up to almost £3.50. Some more income falls into my ISA on September 12, so if the price is still this low I'll add another 10% then, in confident expectation of very positive H1 figures the next day.

Nothing is entirely, but Reckitt has a better chance than most.

I'm topping up when the next divi comes in. The Johnson mess is finally behind us, and we should hit £80 again soon.

The largest current holders of Thungela are:

Public Investment Corporation (SA): 14.15%
Fairtree Asset Management (SA) : 4.92%
Aberdeen Asset Management: 4.73%
BlackRock Investment Management: 3.81%
Coronation Asset Management (SA): 3%
Vanguard Group (SA): 2.81%
Schroder's: 1.05%
BlackRock Fund Advisors: 1.01%
Odey Asset Management: 0.96%
Truffle Asset Management (SA): 0.65%

Crispin Odey tried (and failed) to do Anglo American over for a massively bigger take-over price for poor old Sirius Minerals when AAL bailed them out - I wonder if that's how he ended up in TGA?

Bought back at £5.66 the ones I top sliced in January 2021 at £9.05. Might pick up a few more with upcoming divis if it stays this low for the new month or so. Average well under £2.50 per share.