Member Info for picstloup

I doubt we'll see £10 today, but soon. $300m profit for the full year would be good, and accelerating a new $100m buyback, to maximise purchases at the current low price, seems sensible.

Depressing about today's crash, but full year profits are still at around $2.25 per share at this price, which seems tasty to me. Added a few at £7.65, about 60p above my long term average.

7.56 extra shares "dripped" today at $71.8 per share. Down from 15.2 @ $30.12 this time last year.

Assuming next year's divi is the same as this +5.5% and minus the dilution, we should get ~47.8p per share, which at the current price of £8.82 would be a yield of 5.4%

Do grow up Baz-Kingsy. Long term holders are doing very well - my average is a bit over £7, and the current low price is an opportunity to top up (which I probably won't take, as the NG rights issue has taken most of my recently available cash). Despite puerile conspiracy theorists, "MMs" are incapable of manipulating the share price, up or down. Just because you lost a little in the (very) short term, doesn't make everybody else corrupt, just that you timed your investment poorly.

Back to £18 by year end, thanks to the Wall St primary listing.

I'm more and more inclining to agree with realist. I put $20080 into JGASX (JPM growth advantage) in 2010 and as of today it's $93300 (divis reinvested). BRK also done me proud, now my largest holding by far, averaging something like 20% pa compound in the 10 years I've been adding. Much less effort/return ratio than fiddling around with UK stocks.

But I'm still hopeful for MNG and, in the meantime, 10% divis ain't hay.

HL is quite good at rights issues. Tomorrow, or very soon after, you will see a new line, NG rights, on your statement. You’ll get the option to take up the rights fully, partially or not at all. Then you just have to take sure there’s enough cash in your account on the due date for whatever you decide.

Or, more probably, not. There may be a little volatility in the next 6 weeks, but the market has already priced in a labour win. Probably not a 1997 win, but largest party by a bit. M&G, as one of the bluest of the blue chips, will probably be higher on election day than now. It’s not going to ”tank”, certainly not tomorrow (by ”tank”, I mean a drop of 10%+).

I bought my first in Decembee 2019, @£5.39. Another nine purchases since then, at prices ranging from £2.10 (April 2020, covid dip) to £5.98 (last month). Nearly £20,000 invested, at an average of rather under a fiver. 50% up, nôt my best ever investment, bút a very long way from my worst.

No plans to sell, but no more top ups, I think. A divi would be nice, but quite happy to stick with capital gains - all safely tucked up in my ISA, so no income or cg tax issues.

If they do head slowly back to £30 that would be very pleasant indeed.

$50 in December, $60 in March, $70 in April, $80 in May. Can't go on. Or can it? Well, I'm holding, and will reinvest June's divi. The divi won't go up (or down) until next March, but then it's possible it might be up to 90c or even $1 per quarter. $78 at the moment (late afternoon), on reasonably high volume. Morgan Stanley again tardy in raising target to $76.

$100 this year seems really quite possible. Happy days.

Stuck myself down for another 1280 @£2.05.328, fractionally above my average. Another £260 pa in divis. Plus hopeful that the undevaluation is at last being corrected.

Mine arrived in HL this afternoon, still not with HSBC. 1.5% up on September, presumably rand depreciation.

For those of us who've been holding since spin off, makes £5.22 in divis in 2 years. Yum yum.

Now, whether to top up TGA on assumption next divi will be 25-50% higher? Or just stick the money somewhere else.

I normally drip my divis back into shares, but for some reason didn't last year. So my most recent purchase was in October 2022, at £22.68 per share. Since then 6 divis, totalling about £1.50, and the share price increased to today's £28.50, or roughly 25% gain. It's not bad, and I like the mixture of capital gain and income. The buybacks should also greatly increase eps, while saving a fortune in reduced payouts.

If the divi was increased back to 2019 levels, the screams of ersatz outrage from the likes of Rachel Reeves would be deafening.

4 years ago I had a nearly £50k loss in Sirius/Woodsmith. Not life-altering, but depressing. I put all the take-over money, and a lot more, into Anglo. With the Thungela bonus, it has put me significantly into profit (roughly the same as the previous loss).

Woodsmith is an amazing resource. It is taking longer to bring to production than the inept Sirius team hoped, but rewards will come to those with patience. I'll certainly invest my profits in the AAL take-over on whoever finally gets Woodsmith.

Gertfrobe, who lost possibly the same as me on Sirius, spent the next two years digging up every negative story about Anglo s/he could find to post here. A really sad waste of energy.

Is it just me (I only normally look about once a month) or are there far more bulk tankers loading in Richard's Bay than usual? It would be nice if the Transnet issues were declining at last.

Now, whether to stick next month's divi back in TGA, or find another home?

https://www.marinetraffic.com/en/ais/home/centerx:32.048/centery:-28.818/zoom:14

"this dog of a share" pays 10% at the current price.

Of course some capital gains would be good, but new entities like M&G often struggle to find fair value for a while. I hugely added to my holding in Jackson Financial - another Pru spin-off - when it was languishing under $30 only last June, and on Wednesday it hit $70 for the first time.

I will continue to add if M&G stays at or under the current price - currently I have 7 times more shares than when I got them out of my Pru (now there is a dog) holding. I don't suppose it will double, like Jackson, but I do see significant gains in the short-medium term (next year or three). In the meantime, 10% divis ain't hay. Woof woof.

I'll hold on. £30 would be nice. My average (not counting the Thungela bonus) is about £18, so even today's price would be good, but there is underlying value (Wordsmith, anybody?) which could make the (not that long ago) highs of £40 closer to fair value.

With Morgan Stanley waking up and adjusting their target to $70 from $52. (And Evercore still asleep and raising the target to $62, maintaining their "in line" rating).

Topped up with another 1453 @ £1.98.505 just now. More or less at my long term average.

Stuck myself down for another 450 @ £6.19. Will take my average up to £4.72 if the order goes through (it hasn't been accepted yet).