Member Info for prussell1963

First time poster on BVM and see that its quite a lively BB, although currently voicing SP concerns. I am taken by the vanadium market, especially V-Flow batteries for storage and their ability to take virtually unlimited charge cycles. I have done a lot of general research re vanadium market pre investment. I see that Everaz / Largo / VONE and Bushveld get regular coverage although most positive is Largo listed on CAN exchange. I wouldnt go with Everaz as its Russian listed (i think?). I fancied BVM as its UK AIM listed, however when looking into the fundamentals for 2020 they seem shocking reading. As I see it, its a co. with market cap of approx £205M with a revenue of approx £82M. Shares have fallen steadily since mid 2018 high circa 50p. With vanadium price increasing strongly what is it about BVM which doesnt seem to strengthen the SP?. So, can anyone give me a decent BVM overview/history and why I should jump in? Without wishing to offend anyone, I see the same "jam tomorrow" statements on many other BB's in the mining sector. Anyone willing to give me a steer??

Good to see that dispite a ftse100 fall (be it only minor) AV is holding its own and presently remains over 361p. Signs of positivity I hope and continued gains can be made. The sale sof other businesses may give a welcome boost in next few weeks and when the FY20 report is delivered early March.

Hi Mane, yes luckily I bought in at 219p and thats why I am approx £600 up over all on todays prices. However, for those who took prices North of 230p and into 240p's I dont think that the result will be as positive. Again, all my calculations are a simple comparison in terms of what did I originally pay vs whats it worth today. All other if's,but's and maybe's will take their turn in coming into todays price calculation (ie if SP goes up/down, or increased divi's etc) but for clarity of thought as a simple man I do my calc's based on whats known (my spend and return), its less complicated then to decide what next move is. As I am up presently I will hold longer as I am intrigued as to what the next divi position will be. Previously believe it was a 6.33p divi and if I am to make up for my lost 25% of holding and to get same divi then TSCO need to offer a 9p dividend. In itself not a massive jump, but it is 25% divi increase in its own right...... lets see. I do have a few other stocks the like's of TSCO, a bit of a plodder, and I want to get something a bit more exciting ...... where's that cryptocurrency investment manual when yo need it!!

Or, the special dividend is cancelled by the reduction in shares held post consolidation. In short to effectively stand still you probably need to reinvest the SD via DRIP so that you end up with same number of shares pre SD/Consol with a small gain which SHOULD (see "jam tomorrow" comment earlier) generate greater future dividend payment due fewer shares / same or increased divi pot scenario. Depends which way you want to cut it... but bottom line is, you didnt get the SD in full as you lost 25% of holding at same time. Its again your choice if you accept that SP would have fallen by 51p on EXD argument and would now be holding same no. shares at approx 190p ....... Tigra's needless muscical chairs comment is a fair assessment...... All i looked at was what did I spend initially on TSCO shares, then I recalculate my new holding at todays price (244p) and add my SD to the total. As its approx £600 above my initial spend I consider myself marginally happy, but would have been happier with the full 51p SD of course, but accept I would then have to live in short term with a SP fall on EXD calculation. So, it really is a personal position at the end of the exercise and tinged with do you expect SP growth and better divi's in future (same for all investments am sure!). The only impact i dont comment on is the tax position , as it should be in an ISA or SIPP wrapper if a sizeable amount. My focus now is past SD/Consol and what will upcoming reports show as trading results and will this make up for the SD/Consol shenanigans ......... lets hope as I am sure we will all have holidays in the sun to pay for !

see my earlier posts regards robbing Peter to pay Paul. The SD actually isnt as you lose 25% of your holding going forward. The share price hasnt moved from its 240-245p range pre/post consol. So its how you cut your numbers. Some advise that the SP would have fallen on exd by same amount of SD which is hwre the 189p figures come from, but SP was maintained at approx 243p, so there is a "win". There are a number of "jam tomorrow" statements regards dividend increase as fewer share in circulation share same/bigger divi pot, and the beter financed organisation should be more attractive to investors and hance see SP gains . Your choice if you go with jam tomorrow. My concern is that despite all the thousands of posts on this consol / SD episode, the market will dictate te SP and hence the effect all this has had personally. The bottom line remains that you dont get the full SD in your pocket, you reduce the SD by the effect on your holding at todays price.
example pre SD/consol 2550 shares held at £5610 purchase price (thats my profit / loss line). Post SD/Consol 2013 shares at 244p = £4911 PLUS £1300 SD = £6211 - £5610 = £601 profit ON INITIAL OUTLAY. However, again the issue is DRIP or CASH take. If cash, you are then open to holding fewer shares and hence possible lower future dividends. Its a marginally better than standstill position and I for one wish BoD at TSC had been so much clearer on the netting out final position. Hope that helps clarify.

surely the recent retrench in price is sentiment driven. In reality, GGP shares ran away with themselves due to a huge ferver around them, almost like Chinese whispers. So, even with great resuklts at HAV, is it not simply that the over exuberance is settling back at true asset price? If a share is over talked up, it creates its own bubble market as people feel the need to be in on it, almost at any price. At some point, the hot air escapes and the numbers have to stand on their own values....... is that not where we are ....... SP increases will follow on positive and confirmed results, not rumour and FOMO??? Just a thought...

Glad to see posts moving forward to position after Spec Divi situation. for future dividend, it is the "pot" which needs to be increased or maintained. By doing so, smaller no. of shares sharing will see increased divi per share. If the divi ammount is maintained, perhaps with a small increase then the smaller shares held will see smaller divi paid. So again, care on dividend position. TSCO will need to declare the dividend pot being paid out. If it offers a value per share then taking away 23% of everyones holding will need to see the div increase by same amount to stand still. Personally I dont see dividend increase showing 25%. Overall, it seems most see this as a disappointing result, and I am one of them. I know my numbers and see potential future benefit, but I didnt get the spec divi in cash when you factor in tyhe consolidation, nobody did, so all in all happiness scale shows 5/10. Like my school reports said " must try harder" & "could do better" which is how I see this issue on behalf of TSCO .......

Pike71, agree, after voicing much displeasure with AV as it lurched from 410p to 260p coupled with the never ending (seemingly!) appointments at senior level, it seems I may be at the "put my money where my mouth is" point, something usually very uncomfortable for most!! I said based on simply not liking how AV had handled itself and its 2020 divi cancellation I would bale at 400p ......... however, hhmm, possibly, I could go into reverse quicker than the French infantry if performance is delivered and to a degree maintained. I would then be crowing that I was unemotional and hugely calculated with my AV holding, when in reality it turned itself around for me nicely. 450p would see £6k profit, so much more easy reading than my £13k loss in early 2020. At this rate the wife will think I am a stock market genius ..... she doesnt know that such a thing is as rare as a unicorn eating a ham salad sandwich ...... Now if I was a genius I would have been piling in at sub 300p level rather than moaning ..... what I have learned is, have a well thought out strategy which suits you as an individual, execute it, stick with it, but be prepared to revise and review it periodically. Now I do sound like a unicorn!! Cheers all and stay well.

Fully agree and no issue with this reasoning. Maybe the phrase "special dividend" caused many to believe they would receive a cash benefit, but in reality at very best its a marginal gain. In my opinion, a marginal gain on such recent "income" for TSCO is poor. Looking at the BB, it seems there are more who arent happy than are happy. Thats either a mass misunderstanding of the program, or poor communication as to its actual, final impact.... take your pick. However you slice it, many believed the phrase special dividend would deliver , ooops a special dividend but its has in reality delivered a claw back program. Now if July div stays the same, ie 7p, afain we all actually get much lower here also as we hold lower stock numbers.If nothing chnaged, I would have expected 2550 x 7p = £178 divi, if divi remains uncganhed then its down to £140, so if and its a major if at the moment, I hold until July there needs to be a bigger dividend. Baed on what I am seeing at the moment, I dont believe that will be the case. To stand still, the July divi would need to be 9p, thats a dividend increase of 28.5%....... not at all likely!! Maybe I am one of the numpties, but a numpty who knows the numbers. Stay well all....

Friday = 2550 x 240p = £6120, Monday = 2013 x 2.44 = £4910 + 1300 spec div = £6210 difference is £90. I dont think this has been very "special" at all. The BoD must know that there will be a groundswell of disenchanted shareholders who originally thought "great, at last Tesco are doing somethinmg for their shareholders after all the C19 trading profits and sale of Asian businesses" and who rightly believed they would share in the spoils. However it just seems that the BoD have spoilt the program. This does not encourage me to be a LTH, I think its slight of hand by the BoD and hence will see me depart sooner rather than later, as soon as I have found a more worthwhile home for my £6k. Here's one VERY disappointed shareholder who originally believed he was going to get some for of return on his investment with the special dividend program, but didnt. See you later Tesco, off to Asda for my shopping after this deflation.....

Replying to one's own post smakc's of Billy-No-Mates, but continuing this thread. Mostly BLUE buys showing today at 2.40-2.41 levels with some Sells at same, however again price is dropping away from its 247-249p highs earlier this week. Again, with a 51p SD on offer people should be piling in, but the Consol is now out of the bag in terms of nulifying the full SD gain. No one can accurately say if the SP will deliver a win or loss. There have been forecasts between 313p and 190p so take your pick. I think that this will take a few days to shake out and I dont expect a difinitive position on Monday. I have a concern that the consol impact on the SD "reward to shareholders" may leave a bitter taste in many mouths, it is hugely clear that TSCO have given with one hand and mostly taken away with the other, but hoping that the SP doesnt drop afrer SD ExD and this may become the "bonus" in reality. If the 245p SP was maintained, then only holding I would have enjoyed £1300 SD, but this would have been reduced to £650 actual gain after consol, (reduced shares at 245p plus 1300 minus my original investment - see below if interested ). The other issue unsanswered is will TSCO pay an increased dividend in July based on fewer shares in circulation vs the capitalisation/profit of TESCO. Getting the same 7p after they have whipped off 25% of everyones holding and so resulting in lower divi cheque would further add bitter taste.

Explnatory Note: Its not the current Mrs prussell1963 who's getting refurbished, its the house!! Just to clarify!!

Well, all the chat, speculation and uncertainty will be finalised starting Monday (note I say starting Monday!). I do not expect to return to my laptop and see TSCO trading at near 300p by 0830 Monday. I expect SP to be close to where it is today. However, I am more than a little concerned that even with a "stonking" SD declared and seemingly ratified, the SP has been mostly static. If any other share had declared a 20% SD then I assume there would have been a pile in from many looking to take advantage. Why hasn't this happened?? Simply because in reality the share consolidation will have a major detraction on the value of the SD. Yes you get the SD, but you give up approx 25% of your holding. I am not bright or experienced enough to give a verdict on the "new" share price as part of the capitalisation of the business as I have read so many posts I think I am confused, but there are many good points eitherway. The business will be £5Bn lighter after the payout, so will we still hold the same % of the companies value with lesser shares, I am not so sure, what I am sure is that going forward the market will determine and dictate share price from Monday, I am not holding my breath as I am sure in early days there will be a settling down as people decide to sell, hold or buy.... all will affect share price, so I will return mid/late next week and see whats occurred. In the meantime, I will go with the laudits Mrs prussell1963 has given that her genius husband has "won" £1300 towards her refurbishment program ..... I wont bother her with the details of the consol reduction / standstill etc, not until I need to!!

Looking even further ahead, whats the thoughts on future dividend?? 6.5p final last year I think, so is anyone forcasting thye next divi which is 2020 Final and I think payable July????

Thanks for all the positive messages (and REDCEO for the tick!). One of my first steps into investing was with Fundsmith who have large chunk of my savings. When I looked into investing it was either a pathway of regular trading, nimbly taking profits and moving on, or buying quality companies, not overpaying, do nothing as El Tel espoused. Let the share do the work for you etc.. So I split £80 into dividend kings AV and Shell ..... Ouch!! At worst my portfolio was £40k down, but through other purchases I have redcuced this to £12k paper loss. I have to avoid a knee-jerk emotional reaction and dump both AV and Shell (Shell simply has to go as its £15k down overall) but I have to be sure on a strategy and execute it well. Funds such as green energy, Fundsmith, BlueWhale etc would have reduced my losses significatnly for nil work. Interesting my tips 2 weeks ago on Nightcap / Argo and Dr Maartens would all have pulled me round if I had the stones to sell Shell and buy virtually any of these 3 or a combination and I copuld have sold today, and only lost 12 monthys time and nil capital worth crying about. Why didnt I, simply because I was scared of compunding my loss. Dr M was a new stock offering, risky, Argo is a bitcoin mining stock, very risky, and Nightcap was fledgling company highly risky. As REDCEO very rightly states, this has been a great learning experience about stocks and myself. I am questioning if I have the brains and the courage to find a strategy and sort this out or be passive and hope it sorts itself. I believe AV will reclaw its position, however my concern is that many on this BB will be selling circa 400p levels, unless something extraordinary happens with divi etc and sp will struggle north of 400p. Key thing is not to react in panic and look for a strategy. If I get the same strong feelings as I did re Nightcap / Argo etc I have learned to back myself and not sit on the sidelines. Its my cash and responsibility, so if I succeed I can pat myself on the back, if I lose I can lick my own wounds, its clear no one else is going to do this. I hope AV gives me the uplift in mood i need, it will then mean I only have to focus on a Shell strategy, thats the problem halved (in my small brain). Good fun this stock lark......

Yes, and am looking for such a stock with minimal further loss risks, massive price increase upside and a decent divi to boot! If you know of one, please let me know :) . I have done very well with National Express / Jet2 and a few others, but my "punt" to address the AV loss in GGP has stalled. So as we all know its not easy and as we live in turbulent times, it may be better the devil I know. Perhaps I have more patience to await 400p return rather than punt elsewhere...... who knows but food for thought. Eitherway it would need me to much more active than I have the time for at the moment. The sad thing is i have tipped many other shares to my friends whioch have done very well, namely Nightcap tipped at sub 10p / Sylvania Plat (80p) / Argo (72p) along with Jet2 (420p) / NEX (112p), but didnt take my own advice!! I should have bought more NEX/JET2 and sold AV and purchased any of the above for mega returns. But as well know in this game, hindsight is 20/20 vision.... good luck all and stay safe.

So, looking at the RDSB share price when the price per barrel was circa $40 and the sp today at $61 per barrel, it is clear that the RDSB share price hasnt recovered as well as the barrel prices. All I would like to know is, will my 2,000 share holding at circa 2050p average ever recover, if so would anyone like to give me a forecast of timescale as the wifes crystal ball has broken!! Do I just sit long term hoping for sp recovery and bank approx 50p per anum (£1k total) dividends.
I am trying to find a strategy whereby I can sell Shell holding and recover my lost £16k mnore quickly than wait for RDSB recovery, but chasing losses is usually a gamble!!

Redceo, just noticed my name in your post. Why didnt I sell as you ask, simple, I purchased AV to deliver both dividend and capital growth as a long(ish) term holder and not trade for a few pence. Like most who viewed AV as a rock solid ftse100 dividend champion, I never saw the massive fall to 260p and as the price dropped was too tight to sell at a loss. Every 5-10p drop was a decent amount as I have approx £40k invested. The question should have been why didnt I buy more at lower prices and reap the rewards of averaging down value and the capital growth i originally sought. The question also reflects with the benefit of hindsight that IT funds have recovered losses far better than AV recovery. All this plus the cancelled and re-instated but much lower dividend leaves me to believe that AV all-in-all was a poor purchase. I need a 400p+ return so I can offload a stock i simply dont feel happy with holding. The Board have behaved reprehensibly over dividends and I can see why people dessert insurance and accountacy companies to join the circus, its a plodding stock now stuck at 350p as its resistance level. Lets hope I am wrong and the sp increases quickly, so you can make money and i can dessert a Dog of the FTSE.

JJ, surely after consolidtion you WOULD (excuse capitals) expect to be better poisitioned by the amount of the spec divi per share. I would hate to see that the share price stays the same circa 247p as surely with less shares in circulation x share price the capitalisation of the company is less.? I had hoped to see a clear benefit delivered with the spec divi (£1300 in my case) but this will not be the case after consolidation. I will have fewer shares (by approx 537 shares which equates to £1326) . TSCO Board has already said they dont expect share price to change and I assusme they mean reduce on ex dividend basis (51p). So my £1300 thank you dividend has been clawed back by reducing my shares. This would have been fine if the apitalisation had increased share price (fewer shares covering the same business value gives increased price per remaining share). This only works favourably if the sp does increase sugnificantly quickly to reflect better value based on above, but this wont happen. I think a sell off after spec divi as owners see the spec divi doesnt actually deliver and share price will come under pressure, especially as those who purchased at sub 240p (seemingly the magic number) take their spec divi and sell their remaining holdings, as we dont actually get 51.3p of value when consolidation is taken into account. Smoke and mirrors and slight of hand definately come to mind. I am assuming that the institutional investors have a view, but cannot find out what it is!!

Here's the dilema: original purchase 2550 shares at 220p = £5610 outgoing. This is my breakeven / profit level. Going forward shows 2557 shares becomes 2013 shares x 247p (todays price) = £4972 + £1300 special divi (2550 x51p) = £6272 - £5610 = £662 profit with Spec divi, or if I sell 2550 at todays price of 247p = £6298. Profit £688. So against todays price which Tesco Board want to maintain hence the consolidation, in reality I dont get a spec divi of £1300 I( get either a profit of £662 or £688.
I am sure many others will have similar calculations and wonder why the kerfuffle of spec divi which does seem to have given with one hand and the consolidation has taken it all with the other????? So why bother, why not simply use the money to paydown more debt and pension defecit etc. I thought "at last, a bloody share win" when I looked to get £1300 in the pocket. Should have known it was never going to be that straight forward....... "The Lord Giveth and,".... well you know the rest!!
I cannot be bothered to sell for £26 differential as £12.99 will be taken in dealing fee, so difference is £13. Will hold on and see if I get another 7p Final divi for 2020 which I believe is payable in July 2021, anyone know if this is correct?

Blooming Ada Shady..... thoughts like that will stir up a hornets nest !!!!