Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
SD235 my point was it can always go lower than the limit order you set. Or never achieve it. I sold DLG just before last ex div and have been accumulating it on its way down since 300. This has worked out very well. But my point is I'm often checking the prices throughout the day / week and it's still a lot of hope no guarantee it was going to do this. Would have been much simpler to forget about the share for 5 years and just take the divi with no stress or concerns about its day to day volatility. Also I personally find it hard to be happy with a purchase of 300 when I could of picked them all up for 278 the other day. But perhaps that's just me always wanting better. As I said much simpler to invest and forget. DYOR
Depends if you want an easy life. Sitting taking dividends is much easier. Selling before ex div can work out better but requires patience and continual checking for a good entry point back in. You can use limit orders but may find that the price dipped lower than this point or never achieves it. Risk vs reward. A lot of people are happy just to collect the ~7% div and not worry about fluctuations. They will also not pay the fees for trading etc. Each tobthere own though.
I purchased some more yesterday and then obviously went down again today. But with a company like this I have faith. There's no point paying debt off if its cheap. If it becomes expensive then I would agree paying it off makes much more sense and I'd be scepticle if dividends were rising and debt was increasing and profits decreasing. Wish you all the best.
I see what you mean. However reducing the amount of shares in circulation in theory increases the demand of shares on offer. If done over years it can have an impact. E.g. with less shares to give the dividened out to the dividened can increase by giving out the same amount of money (wouldn't cost more) or... the cost of keeping the same dividened reduces over all future payouts.
You're rite in saying the impact is negligible at this volume, but the money spent isn't enough to buy out another company with and with inflation any excess cash in the bank is very costly. I only hope it continues over the next few years.
No point sitting on cash when rates are rubbish and borrowing is cheap.
So you're conplaining they aren't buying fast enough or not enough in general?
- buying more at the beginning would have actually meant they purchased less as the share price was higher then. Hence buying over a period of time to "average" the cost which is the best way. Especially as it has no negative effect as long as its completed by next ex div date.
If you're complaining about not enough being purchased overall, then I can't help you as I doubt many share holders would be happy with divideneds being reduced for the company to purchase more?
Or are you moaning that the SP is dropping? In which case I can't help you again as this is an opportunity to buy more (I bought my 3rd trench today) yes it may go even lower. However I'm happy that in the next 2 years we'll see £3 again and in the interim period just sit back collect the dividends and be content.
DYOR - this is not advise but the ramblings of an idiot.
John1970
Today 22:23
Posts: 1,015
Price: 122.00
Why because you gave me your number lol lol - do you think I would phone you - think you have been watching the goodfellas too much - what an absolute p
And just like that he proved himself to be the tw&t he was described as before. Ce la vi. I was really hoping for some interesting alternative views. Ah well one day this board won't be about swinging d1cks in the shower,but rather a debate on different views a possibilities. One can dream...
HeresHopin
Today 22:04
Posts: 13,674
Price: 122.00
You can't string a sentence together John and so I can't take you seriously.
Did your wife leave you for someone with a personality?
Really no need for that now is there. He's shorting the share and he's being upfront about it. Either he'll be rite or we'll be rite. (Nobody knows for sure) But no need to get personal.
I'm out made 34.6% since 30th November last year. Thats enough for me. Will this go to 400 or even 500? It's possible. But personally I'd rather take profit as I can always get back in if the price drops back down and if it doesn't I've still won a bit of something rather than nothing. Good luck to those with balls of Steel. You're braver than me and I applaud you.
Yea the price may keep dropping. No1 can predict one way or another. But my reasoning is I believe inflation rates will eventually rise along with interest rates. At this point gold or crypto will be in high demand to hedge against it. This is when the share price will rise and protect you against this. While I'm waiting around for this to happen (3 years?) I get to collect a nice little dividened.
I am down on this share. As the price has dropped since my first purchase at 1396. However I expect to make this back and my other stocks protect me from the loss on this one. GLA only you can decide what's best.
Unless you're trying to sell the stock and are desperate for your money back. I don't see an issue here. The lower the price goes the better the divi yield. This means its an opportunity to buy. Stocks don't stay the same price and do go up and down. This is an opportunity to buy for everyonr. A defensive stock like this isn't meant to be traded quickly, but sat on in an ISA collecting the dividends and checked on every now and again to see where its at. If you're scared of stocks going up and down you really shouldn't be investing. Sit back, relax and come back to it later on. Chill Winstone! GLA and this obviously isn't advise but the rantings of a mad man.
Likely averaging. So that angry shareholders dont blame them for buying them at the highest price. As everyone who reinvents their dividends always does. Personally I prefer it this way and as long as its completed before next ex div date. No negative consequences.