Member Info for Popeye62

Good morning TLWilliams, I totally agree with the kitchen sink analogy. All the bad news is now out. I saw the two disposals, and the cutting of the apron strings as a positive, allowing the company to focus on the real asset. I see the current SP representing fair value, hence why I have been buying in at the current levels. I traded RMS last year and earlier this year very successfully with the huge price swings. Yesterday I tried to add a further 1m shares and in the end had to settle for just under 900,000 shares. Any announcement on orders will see the SP go ballistic. My personal opinion is that the CEO has cleared the decks in readiness for that good news. This also may well make the company more attractive for a predator, as now the company has rid itself of any excess baggage!!! Who knows??? Needless to say I will continue to add at these prices, until I have a sizeable holding. I will also be lobbing some of my holdings for 100% plus profit at 1.5p, but will also hold some back for a free ride at higher prices, and if the news is good, those prices will come. Good luck to you. Atb Popeye.

bonga - Well done, good post, but you have to remember that the people that are posting that rubbish, are illiterate, uneducated, two bob idiots!!! Atb Popeye.

Just added 866,988 shares. Good luck all. Atb Popeye.

poorinvester - To brighten your day, trades are now going through at full ask! Which is normally a good sign for a tick up. Good luck. Atb Popeye.

poorinvestor - I totally agree with DrMicho. I don't think UnitedGuy is holding many shares, if any??? I'm only holding a small amount for a punt. If and when a rns is released regarding any orders, then tge SP will double in my opinion from the current price. With the size of your holding, you deserve to profit handsomely, just make sure you start lobbing some when the price moves north, don't get too greedy. Good luck. Atb Popeye.

Good luck poorinvester & DrMicho with your top ups. Atb Popeye.

patsyc - I know. It's absolutely unbelievable!!!

mountainous - I have totally disagree. Mooky and investor relations have no control over the SP in any shape or form. As to what Mooky and investor relations will allow, they have no alternative but to like it and lump it!!! I was suprised when the SP touched 84p, which was an absolute gift to exit, and I'm not in the least bit suprised to see the SP back to where it was a few weeks ago. As for the hedge funds, they have the upper hand and hold all the cards, and will continue to increase their positions, as they have done recently. Some of the short positions have been opened as low as 62p. The catalyst you talk of, has already occurred in the Bond film, hence the price spiked to 84p. I fully appreciate and understand people talking up their investments and positions, but I think a little rationale and realism is called for also. The company needs to move some of that debt off the balance sheet. It's a nigh on impossibility for them to trade out of the current scenario, therefore they will need to do a raise, which in my opinion would not be too detrimental to shareholders. Obviously with a raise shareholders will be diluted significantly, but would then be invested in a company that could service It's debt. Presently Cineworld are servicing debt with debt, as per the most recent accounts. Good luck. Atb Popeye.

I added a further 502,179 shares.

Fortes fortuna adiuvat!

I'm going to have a little dabble and buy 714,768 shares.

And long may it continue. I didn't think it would stay below 1800p for very long. It's only a matter of time until China resume buying coal from Australia again. I think that will be the catalyst to light the blue touch paper. I'm glad I topped up at below 1780p to bring my average down. Good luck all. Atb Popeye.

I would love to get some at 2500p. I was in for this dividend, but I intend to be in for the next dividend. I managed to sell at 2840p after it went ex-dividend on the last dividend, it actually hit 2869p on that day, and I remember thinking that I had sold a bit too soon!!! Good luck with your entry prices. Atb Popeye.

I posted on the 10th September, and was given a warm and polite welcome from Kainos. I wish you well too sir. I asked if anyone thought the SP would go back to 0.65p??? At the time the SP was 0.89p. Well 3 weeks later it's virtually there. Surely there must be some value left in this company, even with the monumental **** ups??? When Braveheart and the directors sold their entire holdings at 5p, and then awarded themselves more warrants and subsequently sold of them, there was uproar!!! Well those guys are now laughing all the way to the bank. The question is, do I dip my toe for a punt at 0.65p, or will the SP sink to the cash equivalent on the balance sheet. This is a pure punt at the moment, but surely there must be some value still there??? Atb Popeye.

Pig - That was meant to read. Ideally I'd like to see it get voted down and rejected by shareholders, but I fear they would have already sounded out some of the major shareholders. Also I'm sure the Aussies would prefer to have BHP on their home ground, as the primary listing. Atb Popeye.

Pig - Ideally I'd like to see it get voted, but I suspect that won't happen. With regards to the oil and gas assets moving over to Woodside, I also think it's possible that another company may step in and bid for all of BHP's oil and gas assets, especially the way the price of energy has soared recently. If they are successful in making their primary listing on the ASX, then we will be able to retain our BHP shares, as they will still have a listing in the UK, and Woodside could also have an LSE listing. There's a long way to go before it's achieved, and you never know it may well be voted down and scrubbed entirely. Personally though Pig, I don't think financially we would be any worse off. It would certainly make a huge amount of savings, and make the company more profitable. What we all need to take into account, is that inflation is rampaging away at the moment, and the only way to insulate cash, is to be invested in high yielding stocks. I can see inflation hitting 5-6% in the UK in the very near future. Atb Popeye.

The cost to BHP to mine and deliver iron ore is $35 a tonne. Even with the current price of iron ore BHP is extremely profitable. From next March China will ramp up it's production of steel manufacturing, and the price of iron ore will move up accordingly. I really like this share. Although the dividend is showing our H&L ISA's, it's not yet available for investment, as soon as it's available, it's all going back into BHP. I would also like to add more at under £18 if materializes??? Even at the current price, it's cheap. I also think the dividend for 2022 will be higher than $3 a share. There's not many companies out there that have got $15bn sitting on the balance sheet, as cash in the bank. I think that figure will be closer to $17bn after the first quarter of 2021/2022. We will find out in the October's quarterly update. I think next years dividend will be an absolute stonker. Good luck all Atb Popeye.

I believe the $1.1970 price, is a forward contract price. Interestingly looking through the BHP accounts for 30th June 2021, the average price achieved for the year 2021 was $130. Good to see it pop it's head above 1900p again. Pig well done on Cineworld. Are you now out? Good luck Atb Popeye.

Pig - I also have it at $120 a tonne, but if you look on the news headlines, a lot of them are reporting on iron ore dipping below a $100. My previous post was an extract from Australia's Sydney Morning Herald.

From the Sydney Morning Herald:- "Iron Ore Prices Surge" Quote "Spot prices for Iron ore jumped back above US$100 per tonne, rising 16.8 per cent to US$108.70" I think the dip in iron ore price is temporary. It's definitely manipulation by the Chinese.