Member Info for picstloup

Somebody thinks the results on 20 Feb are going to be pants, or that the FDA is going to be adverse.

Shorts up to 2% of the shares, which is not good.

I'm still in (average about £7). No plans to sell, but don't think I'll top up either.

China imported 6.45m tons of US coal last year, out of the 4.2b tons it used. The US exported 100m tons. So hardly going to affect world prices.

I’ve had these for 15 years (when they were $150) and regularly top up, so it’s now by far my largest holding. And, unsurprisingly, Mr Buffet’s choices have done much better than virtually all my own selections, with the honourable exception if Jackson Financial.

No divi is no problem. At the moment I don’t need the income. If/when I do, I’ll just top slice a few - at current rates, you could take 10% as income and still have 10% capital growth virtually every year.

Sad that it’s lost most of yesterday’s gains. The cash pile is nice, bút it’s still down from $31m a year ago. I remain optimistic, and today topped up another 5% to my holding at a few pence above my long term average. Tomorrow’s jam needs a lot of patience, but it will come, eventually. I hope.

Goldman Sachs' "buy" recommendation is hardly a ringing endorsement, given that they've actually adjusted their target price downwards (admittedly only by a penny). Fairly meaningless, really.

My average is just under £2, and I might add a few more if I remain confident of the 20p pa in divis (which I think I am). But how I wish it had done as well as the Pru's other spin-off, Jackson Financial, currently roughly triple the price it was when the Pru gave it up ~4 years ago, and now my third biggest US shareholding (behind Berkshire Hathaway and JP Morgan Growth Advantage).

Very tedious the constant gentle decline in the share price. Yesterday's 4% fall takes us to under a fiver, very close to my average cost per share. Hope the trading statement at the end of the month gives us some much needed cheer.

Qube has closed its short position (previously 0.6%). So Marshall Wace’s (much reduced) short is the only remaining one open. I am worried that they may be losing money on it.

Effectively getting rid of £10m of debt in one year is impressive, with knock on effects for eps next year as well. So the new sheds are fully paid for?

Latest divi safely reinvested here. 6.2665 extra shares @$87.97 per share. $648.57 in divis, minus 15% NRA witholding tax = $551.28 in total. (9.29 extra shares at $50.78 this time last year.)

28 extra shares "dripped" this year.

Here's hoping the divi is raised to >85¢ in March (a buck would be affordable, with the buybacks having reduced the shares outstanding to 73.9m).

PS good to see Gregory Durant, non-exec, picking up another $135000-worth of shares at $90 last week.

Wow, just wow. Assume somebody has seen the 3rd 1/4 results and they're out of the park. Or it's going to be a bit grim later on.

Wow. Up from $36 a year ago. And only 75.2m shares outstanding, thanks to the buybacks, so eps up almost exponentially. Yum yum.

6.0485 new shares "dripped" at $90.55 today. $547.69 in new shares, up from $465.77 this time last year (11.68 shares then).

Very nice. Not going to get many extra shares in my "drip" next month (11.676 @ $39.89 last September) but yum yum yum. $32 to $90 yoy, wish all my stocks were like this.

Results look very decent to me. Operating earnings up from $3.34/q to $5.32. Revenue $1.25b up from $380m. Extra $750m share buyback will probably knock total share number below 70m, massively increasing eps. Adjusted book value per share $150.36, up from $136.34 last year.

I'll say we hit $100 within a year.

And another 920 in my ISA @£1.95 exactly, a few p below my average. Another £180 per year, tax free. With yesterday's similar top up in my SIPP, takes MNG up to nearly 4% of my portfolio. Will continue adding while it remains under my ~£2 average. 92p in dividends since "flotation", to make up for lack of capital gains.

Added another 10% to my holding @£1.94.6. probably not the floor, but one can hope. Over 10% return if not.

To clarify even more:

Assuming next year's divis are the same as this + the forecast 5.5% and minus the dilution, next year we should get a total of ~47.8p per share in interim and final, which at the current price of £9.64 would be a yield of 4.9%.

Perfectly decent return, plus some capital gains (sqd).

Drizzling up to the mid $80s. Looking forward to my "there goes $90" post, probably in August.

I bought my first Lloyd's shares in 2007, not brilliant timing. With rights issues, topping up, averaging down, a bit of buying (most recently at 42p last September) and selling (Feb 2023 @ 54), as of today I am finally in the black. And the divis, since resumption, have been ok-ish.

But undoubtedly one of my least successful investments. Fortunately most of my others have been less pants - BRK, Rio, Zoetis etc - but still depressing.

Now unsure whether to cut and run or just leave it for the divi and prospect of some gains.

20% up in NewYork at vlose, which should just push us over a tenner here tomorrow. I hope. Still a long way to claw back to pre-crash levels, but very glad I topped up at £7.65. Wish it had been more.