Member Info for rylidan

Spot on Sturm. Bananaman is like a broken record.

That report was Friday and there was heavy rain due this weekend. Although it probably won't make that much impact.

Thanks Sturm, tganks for your reasoning. I can't comment on historical events as only been here a year, when I realised the gravy train was about to leave. All financial decisions made recently seem fine to me, and I'm very pleased with the company's aim to generate shareholder returns. I see in the latest presentation their target is to be a $2b company. That would be icing on the cake after the great dividends.

I didn't realise you sat in on board meetings Sturm. Lol. I'm very happy with the progress we're making and a strong believer in rewarding success.

Anyway, I've been invested here for almost 4 years and very pleased with the progress the management have made at that time. The chrome plant was an excellent diversification and a great use of profit. Diversifying outside RSA is also something I also very much approve of. The forward thinking and proactive management is something I really like. Nice to see the company taking an active interest on this board as well. Thanks Tharisa.

Hi M&M, yes I've seen various posters worrying about 2 years into the future. Businesses wouldn't expand if they worried about their market collapsing. Personally I see it something to worry about in 2025, you just can't tell what this changeable world will bring. Are you suggesting that the company should stop the Karo project? That would be insane. If they need to subsidise Karo or suspend Production there in 2025, so be it. Surely that is a decision for the future.

Anyway, I'm always interested in the company viewpoint.

We should get a Q3 update around 12th Oct. Nice to see Brent on the up again over $93, after a short lived dip to $91. Will make a nice impact on profit. Also nice is the weakness of the pound. Dropped 3% since last divi, thus increasing the divi.

Madness trying to compare us with SLP. Different business models. We've been investing far more in growing NAV, and diversifying the business, which has been reducing our risk. My view is that we're incredibly undervalued. I'm very happy holding and increasing at these levels.

Oil futures showing Brent above $90 well into 2024. Looks good for Q3 and Q4 dividends.

Brent continuing to consolidate above $90 and climbing again today.

So a few pieces of news recently. Invested have upped their stake to 21%, and we've just fallen out of the FTSE 250. Reckon they took the opportunity to mop up Tracker enforced sells at a low level.

Interest rate decision tomorrow. If it stays at 5.25% we could be trading over 90p soon. If it rises perhaps back sub 80p. Let's hope the BoE and their Tory mates see sense. They are slowly killing the economy.

Oil prices have surged to a 10-month high as Saudi Arabia’s energy minister declined to outline any changes to production cuts which squeezed the market.

Brent crude, the global benchmark, has jumped above the $95 a barrel mark several times today amid a flurry of predictions it could reach $100.

Chevron chief executive Mike Wirth told Bloomberg TV said: “We’re certainly moving in that direction.

“Supply is tightening, inventories are drawing, these things happen gradually and you can see it building.

HL divi received

My opinion is that once we get 18 months of dividend payments, this should start to get far closer to broker estimates. At the moment, all factors considered I put fair price around 70p. Its been nice to see the steady growth here rather than yoyo price movements. Having several markets for the shares helps I think.

Still going up. Looks like over $100 very possible, but I think OPEC will try and keep in the 90s. Let's see. Winter approaching in northern hemisphere.

I wouldn't worry too much. Being an overseas company I think gives a slight delay. HL are normally very good, most of my dividends appear around lunchtime on divi day. The last divi here was paid on the following day I believe. I think there was just an error in the tax deduction, which is why they withdrew the divi on friday. I have an email from them confirming the 15% tax rate. So I reckon we'll get it tomorrow, or Tuesday at worst case.

I think HL may have realised their error. They paid my dividends like you, but they have now withdrawn it! Hopefully will be correct when they reapply the credit.

Typical, it rises strongly just before we get our dividends tomorrow. Reckon a good chunk could go back in here.

So will have around 30c or 24p a share in working capital. On top of the excellent dividends and buy backs. Looks like Incredible value.

Beware the broker updates! You need to be careful of their motives sometimes. Looks oversold here. I'd rather take the 7% on offer here rather than the "safe" 6% where your capital is GUARANTEED to fall with inflation. Looks like locking in here could yield a minimum 7% long term, with every prospect that the share price will start to converge with the NAV in the next year or so. There's always a "flip side"!! LOL DYOR