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Oil in the ground is exactly that ! It will always be there and in years to come, if it’s viable, a major can extract it without worrying about giving a chunk away to a small partner.
Finding the oil is only the first step unfortunately but the cost of extracting it is another ! The North Sea seems to be a difficult area to get a major to play ball and it has cost me on two past occasions when a small oil company finds a reasonable amount of oil but none of the majors want to play ball. Blamed on politics this time it seems !
Not invested but feel for you guys. Been watching for a long time and nearly invested but have been stung in the past by small oil companies with great finds but can’t raise funds or find a partner. Gl all
I had a BG Japan smaller companies fund which I dumped last year after atrocious results. I have a number of other trusts with the likes of L&G which are ticking along nicely. Sometimes best to cut your loses and move on…
Jim800…Over £5 ? “ a load of historical dividends.” Not sure what site you have been reading ? The Divi only matters to those who are going to receive it. You have done well with your sell and rebuy without the Divi. Be happy 😁
Every share has its peaks and troughs but reinvesting the divi every year makes a huge difference over the long term. It doesn’t take much to spook the markets at the moment but as AASea says you will either be purchasing a bargain in May or hopefully the markets will have settled and the sp recovered somewhat. You are compounding earnings. One of the most significant advantages of dividend reinvestment is that it allows you to buy more shares and build wealth over time. I am fortunate in that my entire holding is in an Isa and no worries about paying tax on the substantial Divi but everyone is different and some have been lucky if they sold before the Divi and repurchased now. All about the timing.. gl all
The extra capital will give Sym a bit of breathing space. The fact that they have been able to raise funds at a premium is a good sign. Always jam tomorrow and quite a ways to go before break even for moi ! Onwards and upwards, hopefully..
“MXC is a prominent European pharmaceutical company……” nearly fell of my seat.
The governor of the Bank of England has said that UK banks have emerged from a volatile few years in "sound health", but said the stagnating share prices of major lenders remained a "puzzle".
Andrew Bailey, speaking in a lecture at Loughborough University, said there had been major macroeconomic disruptions over the last four years, since the onset of the Covid-19 pandemic.
"UK banks have come through the turbulence of the last four years in sound health, and that has enabled them to contribute to maintaining financial stability and to support the economy and their customers during these difficult times," he said.
"That was not always the case in the past," he added, referring to the 2008 global financial crisis which led to wide-reaching reforms in the banking sector.
Banks now hold much greater levels of capital reserves with the Bank of England, which helps to maintain financial stability.
And in the future, banks may choose to hold more reserves than previously expected, the Bank chief said.
Bailey also said that the UK banking system had proved to be more resilient, but that there was a "puzzle expressed often by banks", asking: "If this is a good news story, why are the valuations of banks so much in the doldrums?"