Member Info for prussell1963

Having a holding of some 17,000 shares purchased at approx 15p average, I am assuming that these are now a worthless holding??

Great shame as I genuinely thought that vanadium benefits outweighed other materials in so many applications (steel/batteries etc) and would be a decent stock to own. I take it personally that the day after I invested, BMN started it's irreversible slide down the toilet. What I believed should have been a success story very quickly became a sob story. Thankfully the wife has stopped asking me "how are they doing, genius!!" and I cover myself with facts and figures on other more successful investments as a smoke screen. I only lost £2500 and appreciate that others lost substantially more, however on the Russell exchange reference thats 18 months of golf membership! Not sure that Fortune lived up to his name! Any words of wisdom would be of help!

So I take it that few predict a return to 10p + for BMN?? I certainly dont see any return on my small but bruising investment. My maths isnt too brilliant but I think we would need a 3,000% return on current price to get over 9p per share and I see nothing in the business even with some commentators confidence in the new structure etc that would see such a result. Great shame as I did my research and believed that vanadium was an under utilised commodity in construction and future battery solutions. Many have lost far more than I, but that's no consolation to anyone, as those who invested did so to see the company grow and prosper. I took it personally that the day after I stumped up my investment the company went south almost daily! I dont think I will stump up another £8k to reduce my average holding as again I dont see any possibility of a huge jump in share price to even get over 5p. I won't tell the wife as I already hear her saying " I told you so...." even if she didnt! So there is more chance the large lady who sings starting to gargle and warm up I suppose.

Havent been on BMN board for quite a while, namely because if some didnt agree with a view or sentiment, their responses were pretty nasty. Having been a buyer at 15p believing that vanadium had a great future against lithium / others in new battery business, its been a sad and ongoing story of decline with very little if any good news for BMN. Are we watching the dying gasps of this company or its soon to be phoenix like rise? I really need to consider buying in at such llow levels to reduce my holding average price so I can get out earlier, but the amount I need to "gamble" to reduce 15p average SP is too much for my already disappointed position. Sad, as all the research pointed to a need for other than lithium etc and vanadium steel in buildings was sure to be in demand, off to lick my wounds, again!

Cheers CJ, again, as a holder and someone who definately wants to see BMN deliver in all areas, of course i visit and keep an eye on my investment. I do enjoy the insightful views I read, and in honesty they are way more informed than my own, so why wouldnt I occassionally "pop in" to be educated and informed. Every days a school day in this share buying lark!! My concers I feel are valid, the SP is woeful and we do see huge amounts of great info on all aspects of BMN and Vanadium markets, but it simply isnt transfering into SP growth, and I have no embarrassment saying thats why I put my cash into BMN, I want a return, not a sob story! Anyone different? Anyone happy to invest and see massive decline over last 4 years??
Great luck to those who purchased sub 8p and will make decent profit at 10p, but thats not all of us, there are many sitting on significant loss and entitled to voice disatissfaction without getting trashed for a good honest opinion, one hard to argue against, simply the SP is crap and has remained so for a while. Everyone is now forecasting the leap, I will return in a few months to see if that actually happened. The other reason I only visit occassionally is that I am a LTH of BMN so dont need a daily / weekly update. Good weekend to all. I believe that many BMN LTH's would need to see 14-16p SP as a minimum to recover their investment, does anyone see that in 1-2 years, I hope so, but am afraid not!

Guys, wish I was that capable, I still (rarely) visit BMN as a holder I genuinely hope for better news and i do believe recent results and announcements should see the SP much higher, however no-one can explain the 7X reduction in SP as a positive. I post in frustration of seeing good analytical info seemingly contra SP performance. I'm not a ramper, but a disappointed realist and an out of pocket holder. And whether liked or not, BB are here for many to post views, thoughts and frustrations. Even if my occassional posts are not supported, then neither should vitriolic responses be. It just an opinion, and i am afraid its supported by fact .... the SP back below 7p is shocking to many LTH's who probably bought in a substantially higher levels.

Great response CJ, 1) shows why many believe the BMN BB is toxic, 2) offers no insight or informed response. Just like you I agree to ignore the t.wats.

Looking at the SP movement over 4 years, BMN hit a high of 49.7p late Dec 2018, and despite published good news and interest in vanadium batteries/products, we stand now at 7p ........? Thats a stunning reduction in anyones view, the worry for me is I dont see BMN achieving anything like these levels in the medium / long tem future. Just think what BMN would need to do get secure these prices and what the mtV would need to be to support that movement. Both happening at such levels is not possible. I welcome 15p so I can ditch, its been a bruising ride so far and its going to be a long, long wait before I can take the loss and be an ex-investor. I dont have the faith of others that this is going to be a winner, thats been trotted out for past 3 -4 years and the reverse is true in SP terms. I agree the buisness has made progress in many areas, but the share price is trash, so how will it recover if it cannot do so with the previous/recent better news. Not for me am afraid.

As a one time (reasonably) regular contributor to BMN BB, I havent visted for a while. Whilst the RNS and surrounding noise is to be welcomed and is good news, BMN share price languishes at poorer and poorer levels. I was chided for negative views at 12p and for my "jam tomorrow" views, and I return with SP now less than 7p! As previous comments, there will be loads stating BMN is ready to fly, but many who purchased at +20p /.+15p / +10p will remain hugely disappointed with BMN SP. Do I see a 200% SP increase to help those in at 20P, absolutley not, as BMN has sunk even with its improved production, safety, contract news. As a holder, I pray for a decent uplift, only so I can exit as BMN has been clearly my worst holding perfomer, but c'est la vie, thats share buying.

Fully admit that I am a novice investor, however, as a fan of Terry Smith I do read that he rarely thinks specdivi's are a good thing, as they are generally not received well by share holders as they are usually hand-in-glove with a share consolidation plan, and holders "their own money being returned after share consolidation". Plus he writes that such payout are usually made by a BOD who dont know what to do with the spare cash, and thats his major worry. All I can speak from is my own experience and the Tesco specdivi and consol program wasnt well received, prompted loads of negative discussions regards the program and left most share holder no better off after consol plus divi payout. I do think that a lot of this is simply that many investors dont fully understand the machinations of specidivi and consol program and the need for same, most just want to trouser the specdivi and hold the same share - that's how they see it being "special" . I hope that AV make a better fist of their program than Tesco did. Fingers crossed.

Just one question from what I read, do holders get the 14.7p dividend 19/5 AND the special dividend still to be voted on paying out at end of May.... we get both??

after being part of the Tesco "special dividend" followed by share consolidation, I have to say that it was a massive bone of contention with all shareholders, as its has already been pointed out regards AV, the specdiv and the shareconsol absolutely matched one another. In short, I retained fewer shares and my specdivi was exactly, to the virtual penny the exact same amount in the difference between my previous and new holdings at the market price on the day it was transacted, so in short, i held fewer shares and the cash returned to me was in effect the money I would have had if i had retained the higher share holding, it was very slight of hand. Yes we were told that fewer shares would be in circulation and the price should rise etc but I would rather have a lesser divi and hold more shres and not then be given my own money back in the consol program. I dont see anything special being given cash back, but holding reduced by same amount. Example 10,000 shares at 435p = £43,500 versus 7600 shares at 4.35 = £33,060 difference is £10,440 but with a 101.69p specidiv which generates £10,169. Havent I just been given my own money back by an enforced share consol,?? whats special in that?

Have to agree with jelly11, and as per everyone of my previous posts and observations, there is great data on production & plant improvements, but in a market where V-prices have moved generally in a psotive direction, BMN has lost significant SP value when others have at the least maintained their years start SP. Evraz has moved from 492p to 613p (today but has been higher) whilst BMN sinks from 21.90p to 8.90p. Am afraid that all the great noise about BMN is drowned out by a year of significant underperformance of the SP and lack of BoD engagement with investors. I have to remember that I pay my bills with profits, not great data and research postings. I believe that BMN SP recovery will be a long term journey, AND that many investors who feel very bruised at the moment will put shares to thge market as soon as 20p is in focus.

Whilst I am not that skilled an investor, more of a pension pot investor in supposedly solid stocks giving a good divi return each year (where did they go!!??), I have to say that that nice Mr Terry Smith has outshone by a considerable margin all of my indivual purchases over a 5 year period. In fact, with annualised return of approx 20% the pension money given to El Tel has more than doubled whilst Aviva has stayed the same at approx 400p (over approx 3 1/2 yeras) and Shell has cost me £15k so far. AV has been a source of Board room shuffles and disappointment, Shell I would not comment on rather than say I belioeve they will come better of the longer term than AV. Seems that those who control the fates of AV SP just dont seem to like them that much and we have stagnation of the SP, AGAIN!! Whilst AV are looking to fight off Cevian by buying up available shares, I did read in El Tels book that doing this should see a growth in SP as fewer shares available and each owns a greater portion of the company, and that companies who take this route usually have no business plan as to how to use the money better, but want to curry favour with investors in the short term. I just hope that AV dont offer a Special Dividen the like of that offered by Tesco, where the SD paid was offset by a "consolidation" of holding, so on one hand I received £1300 dividen, on the other lost the same amount in "consolidation" so another topic of smoke and mirrors it seems. I had hoped for better from AV when I started investing in their shares, but it really has been a damp squib for those of us who purchased at the 400p mark, but I understand those that bought heavily at the 280p mark wont agree and will rightly be looking at their decent profits. I do fear that if / when SP reached 425-450p many like myself will sel a decent amount of holding as there is no confidence that AV can hold itself much above 400p, even with the action it ha staken to tidy itself up, and having decent results with cash in the bank. Am glad I got that off my chest, can go and bother the Shell BB now with my other bemoanings of woa!! Have a good one all..

Have thought of gifting the shares to my 2 grandkids, I dont see £23 for 2-4 years so hopefully my other investments have made this up over the time period. As I hold only 2k shares, and the kids are 2 and 4, it could be a nice nest egg for them for when the reach 21. That said, recouping my outlay and spending on a motorhome etc also sounds nice!!

Interesting views from both sides of the hold / sell fence. As a buyer in early 2019 with some of my pension pot at averages of £22-£23.50 range based on comments such as never sell Shell / best divdend payer etc you can imagine how bruised i felt when sub £9 was hit. I have patiently awaited a return and can see that Shel is looking to future-proof its business in new energy products and markets, but again its been a long, hard, bruising slog to even get back to £16.50 average. For th0ose who have the luxury of departing with some profit and some dividends, well done, but spare a thought for many like myself who simply cannot dispose of Shell at these levels as the loss to investment funds would be substantlial. Maybe I should have sold and repurchased on the previous highs / lows and traded my way out of my current paper loss, but that would need a degree of crystal ball gazing and could have gone even worse and compounded my losses. Does anyone have words of comfort for investors such as myself, when does anyone see a return to £22-£24 range anbd if so when??? If not, any suggestions on a course of action as I am stumped!!

As an occassional visitor to BMN BB, mainly because whilst I genuinely see great research and postings, it does often sink to levels I prefer not to spend valuable time on. I have posted previously that the great postings and info often written are overshadowed more than any other LSE BB I visit by personal attacks. Great shame. I have absolutely no issue being challenged and taken to task (as Pdub had every righ to do recently by offering an informed response to my posts of "jam tomorrow") . As an investor in BMN at 20p !!!! my over riding concern is purely when can I expect a turn around in SP levels and see the company prosper and not be the receipient of poor press, postings and sentiment. My worry is that as soon as BMN goes North of 15p many will sell and take profit (hopefully!) or just get out of a massively underperforming share suppossedly involved in a market of product demand. Sorry to again highlight that many other V companies have not suffered a halving of SP. So whats wrong with BMN?

Pdub, i genuinely wish you well on your health journey and do respect your informed and detailed postings,.

Personally I would love to see the postings on this BB exceed the standard and respecr of other BB's, but thats up to each of us to action.

Seems my original post has teased out the view that and SD will come hand in glove with a share consolidation process. Again, after going through this with Tesco which was a PR debacle, I hope that Aviva handling is far better. The issue which dogs SD followed by consolidation is most holders see one cancel the other and so they feel "cheated" and not actually getting the SD in their pocket.
With Tesco, many sold their holdings as the share price rose on the back of the rumour s of SD foregoing the SD. They claimed that overall after the event they were better off selling at a higher price, giving up the SD and hence avoiding the consol reducing their holding or wiping out the SD. This may be a good policy for those who purchased at market lows sub 300p as they can obtain great profit. Those who purchased at 400p may not want to sell at 420-450p range even with promise of SD as again, consol will have a significant impact. I was unsure of either option, and sat on my hands. The only (lucky) saving grace is that Tesco touched 285p recently and as i bought in at 219p have some solace that I have sp profit and then SD, but a lower holding. Swings and roundabouts i assume.

Tophat, thanks for your response. I have to admit that i was one who felt agrieved by Tesco SD/consolidation actions but have to advise that i was in the vasy majority and the feeling of one cancelling out the other ran very high. Most seemd to look at the short term pounds in pocket calculation and not beyond that. I ended up with fewer shares, the calue cancelled was same as SD issued so you can see why initially a standstill and nil net gain was felt. I am also not sure that consolidation met i owned more of the company, as my percentage of shares owned after consolidation didnt change. The only calcukation i make is a direct comparison between what was my total purchase amount of Tesco compared to todays value plus dividend. Based on this I am well up, but only due to share price increase. My point is not to labour Tesco on the Aviva BB, but to remind holders thatSD's often come with other, often unattractive consequences., especially when a company is also touting a share buyback (cancellation??) program. It seems that you also indicate that we should not expect decent divi's plus a SD plus retain same share holding which again was the NG/Tesco and other outcome. As my wife often tells me, I cant have everything!! Will be interesting to follow thge AV SD story and see if the word "consolidation" makes its way into the dialogue, if it does, I for one will worry.

So, thisismoney website has annouced that as well as the share buy back news/scheme, Aviva look set to pay a Special Dividend next year to shareholders. Looking at earlier posts, and if the buy back scheme means we hold a margionally greater share of the Company and so should secure better dividend payouts (adeg1 post below) does anyone want to speculate what amount Special Dividend will be?? Will we see a normal final 2021 dividend in April 2022 (14p 2021) AND a Special Dividend or will they be combined? I was one of the hoodwinked as part of the Tesco Special Dividend issue earlier in 2021 whereby I received £1300 SD, but had my holding "revised/ consolidated" so I held fewer shares, coincidentally to the value of £1250!! So the nett benefit of the SD after consolidation was virtually NIL. I hope that AV dont go the same route and consolidate holdings after SD as this will create the same furore of bad feeling I saw on the Tesco fiasco.

Not a regular NEX poster but always keen to read informed views. The general view I seem to hear frequently is that NEX is a hugely quality business and should see its just desserts share price wise as "normality" returns. Recent highs of 330p seemed to be support this so like many I am disappointed that we are back at 230p levels. Let's hope that positive news boosts the SP going forward. The news that UK will again look to promote work from home where possible throughout the winter causes me concern that revenues will be impacted so lets hope that the US and ES markets can add value. Would be good to see NEX approaching 300p by year end but am not sure that this is a realistic ambition. Fingers crossed.

Hope the optimism is well placed on AV. However, I am starting to feel that its accepted price is 395-405p range. I had hoped that there would be an ability to hold the 420p level but we all know what hope does when you're in shares. Whilst AV has returned to a decent divi payer, I had hoped for SP growth but as soon as 415p+ is attained it falls back into the above range and the title of this thread is well placed.