Member Info for picstloup

No rush, the longer it stays this low the more days we get of ~350.000 shares cancelled, increasing the eps (over 6m cancelled in September alone). Jam tomorrow. Even more jam.

She sounds great, lot of very talented people available internally to replace Cutifani next year. Topped up a few at £25.20

"Anglo names first female CEO at top African iron ore miner - MINING.COM" https://www.mining.com/web/anglo-american-names-new-bosses-for-bulk-commodities-unit-kumba-iron-ore/

Very shocking that Ernst & Young, supposedly professional auditors, have had to ask for an extra three weeks to prepare this year's results, three DAYS before they were due.

Really very poor show, they should be ashamed. They should be sacked and replaced with people who can carry out a simple contract.

Got my two blocks of JXN, one at $30 and one at $25, now slightly in profit as it went back to $28 today. Morgan Stanley has JXN at "overweight" with a target of $37. If they do manage to get $325-425 back to us in the first year, fair value would be well north of $50.

Just got my 4th block of TGA (5th if you count the 250 Anglo gave me).

As there seem to be a few fantasy traders here with 20/20 hindsight, I thought I'd post my deal in real time. So: just pressed the button on a purchase of 2290 at £3.45.851 at about 8.21am.

Now slightly over 4% of my holding. Not planning to do anything until these hit a tenner or so, hopefully next year. Don't usually let any of my holdings go over 10% of my portfolio (except Berkshire Hathaway) but may make an exception with these.

Sticking tomorrow's divi back in here. Been stocking up since the big fall 18 months ago and now got a third more than back then, currently paying about 70% of the pre-crash level. If (when) the divi goes back up to 47c things will be very nice.

Closed in New York at $27, down 10% on the week. Picked up a few but expecting it to continue falling a bit next week, so hoping to buy the remaining 3/4s of my stake at slightly lower prices. Decent first year income, probable capital growth.

"Evercore ISI initiates coverage with $34 target."

The sale's been abandoned (announced in July) Price dribbling upwards quite nicely, presumably people are expecting full year results to look good. I'm hoping for a divi of at least 60p, based on the "record order book" and probable pre tax profits of £121m. If it does go over £60 again I'll probably halve my stake - decent return on the £15 I paid for them, but can't see it going that much higher while the old boys, god bless them, are still bed blocking.

Not that bothered by the slide. Would guess quite a lot of people are taking profits at £2, which is fair enough. I'm not planning to, despite having got most of my holding at 35p (and others at prices up to about £1.50, average c80p). Not planning to sell under £6 in theory, and hoping for a divi in the next year or so. We'll see.

Likely to mean further delay in exploiting Rio's share of Simandou

https://www.ft.com/content/6ff3fe38-66f1-4d76-995a-457936305dd2

https://www.stockopedia.com/articles/keep-an-eye-on-the-momentum-at-vitec-238334/

Looking forward to next Tuesday. With airports added to the leisure mix I can see this back over £20 within a year. Very nice patch of green on a mostly red day for my portfolio.

Got myself another 2621 at £3.20 and a bit at 9.40. Average now a tad over £2.59. Feels like finding free money - just slightly nervous that when something seems too good to be true it usually is. But hey ho.

A little under 3.5m shares were bought back in August, most of them when the shares dipped under £30. Around £100m bought ($140m of $2b). Many months of good support to come.

Also: do not forget that, as well as the TGA shares we were allocated (and the sensible ones of us bought many - in my case 60x - more) AAL still owns 10-11% of TGA, doubled in value in a month to well over £40m.

The "record date" for the xrights is tomorrow. I would expect the pru share price to fall by roughly 14-15% (a couple of quid, roughly) assuming JXN is worth $7.5b. There then should be 65m JXN shares worth ~$115 each. I'll expect to pile in to both PRU and JXN, as I believe the sum of the parts is significantly more valuable than the whole. But it may be a choppy couple of weeks before things settle down. Expect JXN to fall initially as investors who can't hold Wall St stocks (a major number of retail investor Brits) are forced to sell.

Nudging $52 now. Strong rises in the last week, and up from $40 only a month ago, and $32 yoy. Decent divi (down to 3.1% but only down because the share price is so massively up). First bought these at $20 10 years ago, and topped up at $36 last year. Won't be adding at this price, but no plans to sell yet.

$60 a ton crash in the price if iron ore won't have helped. This is a cyclical stock heavily dependent on steel demand, which the Chinese are trying to restrain. They'll probably fail, but if you can't stand the down swings then get yourself out. I've had these since the late 80s first buying at about £3 and they've gone up and down and up again and if you hold your nerve they'll do you fine. Where will you get a better divi?

Politics and finance are inextricably linked. I'm worried about the ditching of Taiwan (a democratic country which should be accepted as an independent state, were it not for its despotic neighbour's aggressive claims) in favour of the mainland. Hong Kong, after the tearing up of the "one country two systems" agreement will inevitably decline as a financial centre as nobody will have the confidence to invest there.

I still hold the Pru (have done for 10 years, and topped up last year) but possibly not for much longer.

~450,000 shares bought back in the 5 days of last week, for around £14.8m, or slightly over $20m. If they keep this rate going it'll take about a year to get to the first $1b, which seems a bit slow.

Profit up 7%, operating earnings up 22%, should see a rise back over all time high of $295 and on over $300 in the next few days or weeks. Glad I topped up at $280.

https://www.3newsnow.com/news/local-news/berkshire-hathaway-posts-7-gain-in-2q-profit?_amp=true