Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Bluelight - IMO its best to keep politics off share chat boards - No one is foolish for having an opinion and the one thing I’ve learned is that you cannot change peoples views one way or the other and you won’t change mine ( I’m a leave) and I don’t want to change yours. So I’m hoping SP stops climbing at least until my divi reinvestment goes through !
Just checked mine and not been executed yet. Hope they don’t buy them at the top but alas they probably will. Markets fairly stable atm - always surprises me how they react. Shame to see M&S out of the 100.
Yes good luck with that Fruitster - not sure what my divi reinvestment amount is but I’ve got just over 21,000 shares so will find out my total after tomorrow. IMO the worst outcome for markets is another Brexit extension and more uncertainty. Our politicians just don’t get it - we want it finalised one way or another and that is what the people are shouting at them whether they are for remain or leave. Just do it ! as the Nike slogan says.
Indeed new week and yet more political turmoil. I’m reinvesting my divi Fruitster ,and a substantial amount of institutional investors will do as well as that’s by far the best way long term to make money. Whether it has a positive effect on the SP we will see. IMO once this battle between BJ and remainers trying to stop Brexit is resolved either way then we will finally get some sort of normality back to the markets.
Nuri - don’t worry ,your shares / cash are safe. SVS are regulated by the FCA ( financial conduct authority) and although administrators may have been appointed that doesn’t mean they are bust - administrators will sort it all out but you may not be able to trade until it is.
JB - I think that strange trade was just part of the “closing auction” from 16.30 - 16.35 that the sets system algos match trades up. It’s just got a weird price because the LSE site does that in the first and last 15 mins of the day. HL shows it as a buy , but as we know it could be either. IMO the slight shorts increase is more to do with BJ saying about no deal and the doomsayer media following up on it.
RMG announce a big increase in profits after Ofcoms relaxing of the USO agreement. Letters have stabilised and parcels show a 9% increase. Prime minister Boris Johnson of the Brexit party/ Conservative coalition says this is fantastic news for a historic U.K. company showing us that leaving the EU has propelled our economy to new heights. From his care home in Devon ex Labour leader Jeremy Corbyn said - I so wish I could have taken RMG back to the stone age along with all the utilities but hey ho I’m enjoying getting my free meals and morning newspaper. RMG boss Rico Back says this is great news for our shareholders who have seen their investment from last year treble. Government advise that after numerous car fires , electric cars have ceased production and are now increasing sales of petrol vehicles.
The Falkland Islands are part of the U.K. ( a British overseas territory) so not an independent country - we fought a costly war for them remember. Anyway RMG own a few companies ie. in the US and GLS etc so see no reason why they can’t takeover other companies if it’s in their interest. But obviously need to get the Brexit thing sorted first.
Been reading the posts with amusement. People have all different views as we know. From my own experience ( I was with BG for many years) the old nationalised industries were very inefficient and privatisation rectifies that, but there is a need for unions to ensure genuine issues are backed up but of course some employees play the game. The majority of posties work very hard in difficult weather and a small minority do not as you find in many companies. I’m now self employed where there is no sick or holiday pay and trust me it focuses your mind and often we work when not well ( I’ve done many a time) so my own opinion is Rico is quite rightly streamlining RMG and any militant “don’t like change” employees will have to accept it as we did at BG. Having said that I do believe that any signed off agreements should be respected on both sides. We all want RMG to succeed after all.
Thanks Fruister for posting that. In-line is a lot better than below expectations, so should at least hold its price I would have thought, at least till we get more info at AGM anyway.
What debt/borrowing - RMG actually have less debt than last year ( around 550 million) and a debt to capital ratio of 10.74% all FT figures that can be looked up on their site. The restructuring is being paid for from reduction of dividends and property sell off etc. No big borrowing - it’s over five years the 1.8 billion figure ( approx 350 million per year) paid for largely by saving on divi payments.
Hopefully a good indicator with the shorts reducing - they seem to know before we do. So tomorrow we might see some encouraging updates. 400 plus by end 2020 IMO DYOR etc etc etc
Agree Scampthedog - long term it’s as good as it gets without 100 percent certainty. I’ve heard through a friend who happens to be involved in politics that Junker/ Barnier ARE looking at reopening the withdrawal agreement to reconfigure the back stop thingy before they hand over to their new replacements - apparently they don’t want the legacy of having failed to sort it. Only whispers of course but could well be true. This may well affect SP as Falkland keeps reminding us, the Brexit fiasco could cause SP problems for all U.K. based companies. IMO online is just going to get bigger and bigger ( according to my kids and their mates) so it’s in RMG s hands to capitalise on that. Thursday may give us some indication, but I’m long term whatever.
Neon - you can buy anytime from now until the day before ex dividend day but NOT on ex dividend day unless you dont want the dividend. It will open 17p lower on ex divi day.
Btw Nuri - saw sbry hardly reacted to a not so good update yesterday- unusual for the market to not punish it - or was it already priced in ?
Hi Idedat and all - you can sell on ex divi date ( but not before) and you will get the dividend. SP should open 17p down but can go up or down on the day and “usually “ recovers to original SP in a few days but not always. Trades take a couple of days of paperwork so you don’t need to hold on for record date which is usually the day after ex divi date. Hoping both the update and divi date will pull the SP up - but I’m not selling till SP starts with a 4. IMO the markets are turning a tiny bit more positive- maybe fed up with Brexit stuff ? Or maybe just because the sun is shining !
Fruitster - you might have the answer to this but I’m sure the following trades in the last 5 mins before the bell are codes - 1 x 1 trade, 2 x 4 trade and 1 x5 trade. I mean ,who buys a single share or even four ?
Btw - beta site down again - using old site.
Deutche decide to p##s on our party by reiterating sell today - still bitter about Brexit I guess. Never mind their own woeful troubles eh !
Thanks for the interesting links Fruitster and JB. I also feel that sentiment is very very slightly turning now the SP has reached deep value and that very substantial 17p dividend coming up. Just need a good update as well to help things along. As someone else posted we now have directors with varying amounts of buys which although expected ,they would not chuck cash in if they didn’t think it’s going to improve. Not even wealthy people like losing money after all .