The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Next, no, according to this morning's RNS our holding in PDSB has been diluted down to 4.86%. I am puzzled why we didn't stump up more but perhaps the BOD have better uses for our newly raised funds...
Nick, the most recent item on WarDucks website 'latest news' page is dated Jan 2020. At this rate I fear it will be a good many years yet...
SS
We are now back at pre-covid levels. What a waste that has been. The path seems to be clear for solid progress and growth from here onwards.
https://www.scmp.com/business/china-business/article/3137141/hong-kong-stocks-lose-support-mainland-buyers-who-snub?utm_source=feedly_feed
Perhaps this has something to do with the lack of haste for a HK listing and a very lacklustre share price.
"More positive than negative."
Unfortunately the market doesn't think so...
Elir, Agree totally with what you say about Welsh gold. Aur Cymru (Welsh Gold dot com) do 100% Welsh gold rings and the price they quoted me for one suggests the premium on Welsh gold is through the roof. Perhaps Alba could sell little 100% Welsh gold hallmarked ingots to sentimenatalists?
Yes, agreed, Monty, this is more than just a tip...! Let's see what transpires but, like you, I hope it is something other than a takeover
NG is not a trading share - at least not for me. Yes, it falls after it goes ex div but you accumulate the divi in the form of extra shares and after a few years you've doubled your investment even without startling growth in the share price...
Excellent FT article (behind paywall but can sign up to read a few free articles without subscribing).
"The FCA intervened in Amigo’s court case to argue against approving the redress programme that would have capped the lender’s potential liabilities for historic complaints, and has signalled its opposition to another scheme being developed by Provident.
“We are realistic about the amount that firms can pay in redress as a result of consumer complaints, and as a result of their practices in terms of [repeat lending],” said Sheldon Mills, the FCA’s new executive director for consumers and competition. “But we’re not so realistic that we think shareholders should take most of the benefit and consumers should take very little of that.”
Basically smug FCA then emabarks on sob childhood story as justification for closing down this sector.
Article discusses the huge problem of fake claims: “we’ve all had this issue. 50% of the claims we receive, we’ve never even dealt with the customer.” (Paul Smith, Morses Club)
Article seems sympathetic but on balance with this FCA who seem to relish rather than lament the closure of 140 year old Provident one would have to say the story does not bode well for AMGO shareholders. I hope to be proved wrong...
No share collapses like this without good reason. I feel a fool for still holding
Looks as though the Master Investor article has breathed life into IGE
https://masterinvestor.co.uk/equities/image-scan-holdings-a-real-penny-stock-gamble/
Any article that begins: "It's typical of tin that it didn't make it onto the International Energy Agency's (IEA) list of metals needed to power the clean energy transition." has to be worth a read...
Thank you. SS
well spotted... nice to have more coverage
As Lodes has demonstrated GF is owner of several other Greenland exploration companies/ licences. Am I alone in wondering what conflicts of interest there are? He says in the Zak Mir interview that spinning off Alba's Greenland interests is to enable management to focus on Wales and Ireland but he will, no doubt, be part of the Newco as well as his existing two Greenland businesses and he needs to demonstrate to us that we Alba shareholders are not being short changed. I agree with the spinoff of our Greenland assets but will be watching GF like a hawk.
Careful Amones, you are tempting fate with that last sentence...!
Mark, well spotted. On the FOS website it also states this:
As one of the creditors under Amigo Loans’ proposed scheme of arrangement, the Financial Ombudsman Service was invited to vote on the scheme. We voted to approve it. This vote was made in our capacity as a scheme creditor. It should not be interpreted as reflecting the Ombudsman Service’s view on the fairness of the scheme or whether it provides appropriate consumer protection. A letter explaining our vote and the reasons for it in more detail was submitted to Amigo and the Court in May 2021.
Whether the scheme is fair in relation to the consumers who are Scheme Creditors is ultimately a matter for the Court. We understand that the FCA, as Amigo’s regulator, has also considered the fairness of the scheme and whether it secures an appropriate degree of consumer protection – find more information about the FCA’s role in proposed schemes of arrangement on their website.
No, I have not tried Binance and would not go near it after reading the stories about them eg: https://www.coindesk.com/locked-out-binance-users-accounts-frozen-for-months.
And this from this morning: https://www.reuters.com/technology/binance-under-investigation-by-justice-department-irs-bloomberg-news-2021-05-13/
HSBC is preventing transfers out to any Krypto and - more importantly - transfers back in!
I own shares in Drumz and I am marginally ahead but I totally fail to see the point of this company. At a time when business is being brought to its knees by cyber attacks surely this one should be flying. The fact that it is sinking leads me to suspect it is utterly useless. Nick, you own them - or used to - is there any reason to hold?
SS
Marc, if you can figure out a way to buy them directly I would love to know how. I have an account with Coinbase but unable to fund it from any UK bank or debit card. I shan't try again for fear of getting the bank account closed down. I do have some Krypto via Revolut but their selection is quite limited.
SS
I assume he means you, Davey...!!