Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Buy/hold if within a SIIP /ISA for tax purposes seems the obvious thing to do at these rock bottom prices. Those with a potential tax liability are selling In my honest opinion.
I have decided that I don't know enough about the mechanics of this company, having made money over the years trading its swings. I don't like that it shows an IFRS loss for the year and so I'm out today, will consider buying back in at a lower price.
Have bought back in 1000 shares just now at 475.5 admittedly ex ~ dividend. Am looking forward to the next tender offer hopefully not too far off and I will be looking to increase my shareholding beforehand.
Great post Ninetails, your comments and analysis needs repeating time and again in my opinion until people finally get it.
3 recent share purchases by the company aggregate 64,000 shares done little to move the share price or close the wide spread quoted by the market. Still I hope for more purchases which must move the price eventually, as there is very little selling by investors.
I hope so too Rylidan, I am looking for a good price rise and guessing that there was some not yet reported selling earlier today. That's AIM for you, OK for gamblers.
Going up really? The indicated share prices have just dropped 10% on very little reported activity
After Hours sale of 4 million shares today, expect an RNS, let's see how prompt it comes.
Resimac has announced a share buyback programme effective from 29 December as they think their share price is too low. Resimac shares up 10% today. This should be good for UIL as it is a big readthrough underlining holding
Thanks for your reply Mesquida, I must confess in my haste I had not noticed that the notification of 19 October was so late. I don't think however that there is a deliberate agenda to mislead the market in a sustained way by further concealing notification of sales by SR rather that there was many small sellers over weeks and months for whatever reason. I will be looking out for RNS's with interest to settle the point.
Ecclescake and Medquida what evidence do you have for saying that SR is aggressively selling down and out of it's holding? I see an RNS on 20 October is that all? Plenty of buying by Sneller and also Newlands before that which argues against you. Please enlighten me as I do not think for one moment that you are stupid enough to post hogwash and I need to know the true situation.
Correction: Resimac is a core holding of Somers which is a core holding of UIL. Apologies to any reader who was misled.
Resimac not Resume (autocorrect).
Resume Group Ltd ASX:RMC finance company and big core holding (Duncan Saville NED) seems to have fallen by 2/5ths in the last 6 months dragging UIL NAV down with it, don't know why as at a glance finacials look good and it represents a useful diversification to my portfolio on a read through basis. But I have been too overweight on this stock and I am rapidly losing patience so have just sold down to a more sensible level.
I bought in today for the first time at £5.982715, NAV quoted as £6.939. I don't really understand the wide discount and probably haven't done enough research but looking at their portfolio I would have thought that they should trade near to NAV. Time will tell.
Sounds like no explanation for the delay then. Xmas and winter is coming.
Edison research note doesn't appear to have attracted any buyers but it looks like there were big sellers on Friday. Just my own aide memoire stating the obvious in the absence of any other discussion on this board.
A suggestion why don't the board vote themselves a huge pay rise and then buy a few measly shares. Gullible investors will follow the subsequent ramping and pile in. Everyone would then be happy ultra short term. LoL this is not intended to be a recommendation.
Two recent RNS show Duncan Saville responsible for a purchase of 25K shares and the company has sold into the market 800K 2026 ZDP shares. Could something be about to happen? I guess that I will hold on a bit further.
StopStart what makes you think there are any genuine investors ie LTHs in existence who honestly hold positive views of this company?