Member Info for selecta6

To reply to a few posters.

Whitebuffalo.. Great post (Sat 22.13). Decisions, decisions, decisions. I guess the answer to the dilemma many will face is, we will only know after the event!! Perhaps we could all toss a coin. Possibly, as good a method as any.

Discodave.. your post (Sat 23.12). Had you thought of disabling auto re-invest, and monitoring the situation carefully and regularly yourself.? Given, that you have the time and inclination to do this, you may get the best of both worlds?
Personally, i always prefer to be holding all the cards myself, but i have the time to monitor situations, regularly.

Bonddivi. (Sat 23.58) Need a vote, in the mix, which would preclude, your scenario. Likely route, (which amounts to similar) is, when announcement is made it will be to shareholders at close of play the previous day. Thus avoiding carnage on the market and the unfairness of people buying in and instantly getting the divi that will come shortly afterwards. So, it will likely go in line with SteJSteJ ( today 00.08).

Other thoughts. Some companies (for their tax purposes) actually pay a 'dividend', but wrap it as a capital repayment. Ala Glencore. RR (when they distributed) were similar, by using 'c' shares.
More than 1 way to skin a cat.

Interesting debate. Interesting times. Interesting developments here for remainder of year (and beyond!!).

@Scoop.
As i said, straight forward.
Only it has wrinkles.
As you can see from this share chat.

Question, if i may. Are you paying charges on your conversion?
You suggested that you are.

Scoop.
Don't want to split hairs, but...
Glencore will announce the dollar to sterling exchange rate to be used just prior to payment. Likely to be average of 3 previous days rate. So, all being equal conversion rate likely to approximate $1.385 to £1. Hence approx. 7.2p for the payment.
Shouldn't be any charges.
So holders on 2nd Sept, will get share holding x 7.2p (approx) paid on 21st Sept.

Not trying to be picky, but there's a fair bit of confusion here, since the 'dividend' is actually a capital repayment by a swiss company!!

@bald.
Glen is confusing, but it is straight forward!! Even that's an oxymoron.
Forthcoming payment will be as per my post below, Fri 13.03. (not wishing to appear conceited).

To all intents and purpose it is a dividend, but Glencore technically distribute it as a capital repayment (Swiss tax ??).
HL actually reduce your capital investment by the 'dividend', which i think is technically correct.
However AJ Bell, show it as a dividend payment. Just to confuse matters.
Can't speak for other brokers.

Not sure who your broker is. If HL, payment will reduce your unit cost of share purchase by approximately 7.2p per share, and be shown as a capital repayment.

Hope that helps, and doesn't throw further confusion into a confused situation!!!

Either way, you get your dosh, sat in your cash account with your broker, to spend!!

Not that any of us are going to look at it!
But, i did threaten it.

Very sadly, it's a morale victory to Stampee.
Congrats Stampee, for all the wrong reasons.

Well, we all posted our colours to the mast, we just need the company to play their part, now.
Simple, eh!!

Ooh, perhaps we were all just a week out with our predictions!!!!

Stampee : 1.12p (with no news)
Oil_Beast : 1.35p
Dr Micho : 1.65p (with no news)
Stampee : 1.74p (with news)
Selecta6 : 1.75p
Seaman : 1.90p
Sir James : 1.90p
Echo 1 : 2.00p
Radika : 2.00p
Poor Inv : 2 .00p and over
Dr Micho : 2.05p (with CEO news)
Seawolf : 2.15p (with CEO news)
Goodshare : 3.00p (with CEO news)
Maidit : 3.00p
Jez2 : 3.00p
Seaman : 3.00p ( with confirmed order)
Sharkie : 3.40p
Mattluc : 3.50p (upward amendment)
TeesEx : 4.00p (i missed this one, been suitably chastised!!)
JonesR : 4.75p (with confirmed news)

Payment of US$0.1, will be paid on 21st Sept, to all on register as at 2nd Sept.
Conversion rate yet to be announced, but will approximate 1.38 $ - £.
So, effective payment in UK (if opted for £ payment) will be approximately 7.2p per share held.

Well said, jed and bonkers.
2 opposing views, both well put.
That's exactly what this board is for.
We all have differing stances, but provided they are put respectfully and politely, and succinctly.
Then, bring it on.
Thanks to both posters, many others could learn from you.

It sure does.
And....
It's BLUE, all the way.
Even the mighty Quo knew, way back then...

He needs to hit the floor running.
The market ha already back-footed him.
Now is his chance to shine.
I hope he's already got his jacket off, and sleeves rolled up.

Agreed.
Surely, surely, surely, the company will grab this opportunity with both hands.
Especially, as having let so many slip through their fingers.
Surely.....

Nothing else to say......
https://www.youtube.com/watch?v=26LIy1dqtzM

@del929.
Well said.
I applaud you.
I regularly read here, seldom post.
However so many posts, i only speed read most pages of posts.
As such, i probably miss some of 5% valuable posts, and some that are subsequently removed.
As a forum we should just ignore, and report the low-life on here.
Ignore the temptation to reply, since it just waters down the board.

@Litt.
Thank you for a well written post.
It was reassuring in itself!!
I regularly read here, but seldom post.
Felt the need to comment on your excellent post.
I've been in RR since sell off (1987?), in a very modest manner.
But, bought big on covid drop, so done quite well.
Still feel more to go, in time.
Thanks, once again.

Evening All (note i didn't say good!!).

I know, no-one needs a reminder of the below, but here it is!!
I've only got to post it once more, tomorrow. Thankfully.

Least said, soonest mended.
We must have all suffered from the enthusiasm of youth!!!!

If the new CEO didn't already know he's got a job on, he certainly should now, by looking at the SP.

Anyway here is the reminder of our forecasts for closing price on Friday 3rd Sept. Some of us will be thinking, struth did I really guess that high!! Even mine at 1.75p is looking bullish.

We've not even yet breached Oil_beast's target, YET!!!!
Still time to get JonesR's guesstimate into focus!!

Stampee : 1.12p (with no news)
Oil_Beast : 1.35p
Dr Micho : 1.65p (with no news)
Stampee : 1.74p (with news)
Selecta6 : 1.75p
Seaman : 1.90p
Sir James : 1.90p
Echo 1 : 2.00p
Radika : 2.00p
Poor Inv : 2 .00p and over
Dr Micho : 2.05p (with CEO news)
Seawolf : 2.15p (with CEO news)
Goodshare : 3.00p (with CEO news)
Maidit : 3.00p
Jez2 : 3.00p
Seaman : 3.00p ( with confirmed order)
Sharkie : 3.40p
Mattluc : 3.50p (upward amendment)
TeesEx : 4.00p (i missed this one, been suitably chastised!!)
JonesR : 4.75p (with confirmed news)

Still, 1 day left... And pigs can fly!!

Agreed.
Not exactly the disclosure one would expect, especially in the new CEO announcement.

Presumably Legge doesn't get along too well with the good Dr!!
Bit of luck he's stepping aside.

I wasn't wanting you to win it either, Oil.
I'm not sure what is going to propel the SP now, though.
New CEO hasn't exactly excited the market.
We need JonesR to buy a few, and get his prediction/guess/optimism in the frame!!

Not that we want to be reminded after today, but here is a reminder!!
Not the day we wanted.
New CEO, old SP decline.
Not how you want to start your new job.
We thought we were getting the lady from BUPA .
But we got the man from Del Monte!!
Time will tell.

Not the smartest move releasing the prices needed for share options. Whilst it has put a floor under the SP, it's also effectively capped the up-side.

What we need now is confirmation of a large order from India, Indianapolis or even Inverness!! Who cares where it comes from, as long as it comes!!

Anyway here is the reminder of our forecasts for closing price on Friday 3rd Sept. Some of us will be thinking, struth did I really guess that high!! Even mine at 1.75p is looking bullish.

We've not even yet breached Oil_beast's target, YET!!!!
Still time to get JonesR's guesstimate into focus!!

Stampee : 1.12p (with no news)
Oil_Beast : 1.35p
Dr Micho : 1.65p (with no news)
Stampee : 1.74p (with news)
Selecta6 : 1.75p
Seaman : 1.90p
Sir James : 1.90p
Echo 1 : 2.00p
Radika : 2.00p
Poor Inv : 2 .00p and over
Dr Micho : 2.05p (with CEO news)
Seawolf : 2.15p (with CEO news)
Goodshare : 3.00p (with CEO news)
Maidit : 3.00p
Jez2 : 3.00p
Seaman : 3.00p ( with confirmed order)
Sharkie : 3.40p
Mattluc : 3.50p (upward amendment)
TeesEx : 4.00p (i missed this one, been suitably chastised!!)
JonesR : 4.75p (with confirmed news)

Good luck every-one, we all need JonesR to win on Friday!!

I've squeezed in a couple of late arrivals, but that's it now.
Else folks will be guessing Friday's closing price during Friday!!
LATEST UPDATE
Forecasts for closing price on Friday 3rd Sept.

We've not even yet breached Oil_beast's target, YET!!!!
Still time to get JonesR's guesstimate into focus!!

Stampee : 1.12p (with no news)
Oil_Beast : 1.35p
Dr Micho : 1.65p (with no news)
Stampee : 1.74p (with news)
Selecta6 : 1.75p
Seaman : 1.90p
Sir James : 1.90p
Echo 1 : 2.00p
Radika : 2.00p
Poor Inv : 2 .00p and over
Dr Micho : 2.05p (with CEO news)
Seawolf : 2.15p (with CEO news)
Goodshare : 3.00p (with CEO news)
Maidit : 3.00p
Jez2 : 3.00p
Seaman : 3.00p ( with confirmed order)
Sharkie : 3.40p
Mattluc : 3.50p (upward amendment)
TeesEx : 4.00p (i missed this one, been suitably chastised!!)
JonesR : 4.75p (with confirmed news)

Eyes down, for another up-lift today.

LATEST UPDATE
Forecasts for closing price on Friday 3rd Sept.

We've not even yet breached Oil_beast's target, YET!!!!
Still time to get JonesR's guesstimate into focus!!

Oil_Beast : 1.35p
Dr Micho : 1.65p (with no news)
Selecta6 : 1.75p
Seaman : 1.90p
Sir James : 1.90p
Echo 1 : 2.00p
Radika : 2.00p
Poor Inv : 2 .00p and over
Dr Micho : 2.05p (with CEO news)
Maidit : 3.00p
Jez2 : 3.00p
Seaman : 3.00p ( with confirmed order)
Sharkie : 3.40p
Mattluc : 3.50p (upward amendment)
TeesEx : 4.00p (i missed this one, been suitably chastised!!)
JonesR : 4.75p (with confirmed news)

Up today. More tmw!!

Interesting price since IPO, too!!