Member Info for sheffieldowls

As mentioned recently Downing were blocked by Milkwood regarding winding up their fund in response Downing are going to pay a significant special dividend to shareholders. In order to do this they must sell some shares to raise the necessary cash. I believe that this has been the major reason for the price of Ramsdens shares staying below two pounds a share. I have taken advantage of this low price by purchasing a large number of Ramsdens shares in recent days so much so that I now have a notifiable holding in Ramsdens holdings. Anybody who has some spare cash could do a lot worse than buy Ramsdens shares at such a low price.

Rich 62 As mentioned on earlier posts Downing have been blocked by Milkwood regarding reducing their holding in Ramsdens.

I believe it would be fair to say that the directors of the company are in the best position to know the true value of the shares of Sylvania Platinum hence its a little concerning to me that the board does not appear to believe that the shares are worth more than sixty pence a share hence they have only made share buy backs when the shares have been below that figure.

It is my understanding that this fund is being wound up over the next eighteen months so it seems likely that they may have further Ramsdens shares to sell in the market.

The dealings showing on this board are not always accurate hence my purchase this morning of 5309 shares at 186.9p is recorded as a sale and not a purchase which was the case for this deal.

Bangrak Thanks for your postings I sold over half my holding late last year after reading your negative comments about Sylvania Platinum. As I had a very significant holding following your advice has saved me a lot of money.

Thank you Mulder. Lets hope he is accurate with his target price of 150p.

Mulder

Who has the 150p target price please may I ask you?

Bangrak

Thanks for your input regarding this matter. 1-2p would come as a shock to many shareholders after an 8p dividend this year and 10.25p the previous year. I personally hope they will use some of their cash pile so they can pay a yearly dividend of more than 1-2p. What do other posters on this board feel about this matter?

Bangrak

Your forecasts have been accurate with regards to so many issues relating to Sylvania Platinum so please may I ask you what you believe the likely dividend will be for the next year. Taking into account the likely much reduced profit and their stated dividend policy I can only see a substantial cut in the eight pence dividend which has and will be paid this year. However the company could use some of their significant cash pile to maintain the dividend do you and others on this board consider this to be likely and if so would it be beneficial in terms of the companies share price.

Rich62

I have found it interesting in the last week or two asking my stockbroker what the price and most especially the size the market makers were prepared to deal at because as you know this is not a company where you can usually do a deal in more than ten thousand shares with in being a small cap Aim stock. If the price remains this low I will add to my holding as funds allow.

Tach

I totally agree with you re the price of rhodium and harsher emission standards as I mentioned in my posting yesterday.

Bangrak

Thank you for providing this thought provoking posting to the group who follow and own shares in Sylvania Platinum.

Bangrak

I followed advice to buy shares in this company from various sources but most especially the Investors Chronicle and built a substantial holding in this company. I had not realised how important the price of Rhodium was in relation to its future profits. I am surprised that the price of the shares has only gone down by five pence when it going ex dividend is taken into account. What do you feel should be the correct price of the shares in this company please may I ask you. I could be wrong but I believe that the price of Rhodium in the longer term may be higher than we anticipate because I believe for multiple reasons that electric vehicles will not become the norm for most people so there will be a demand for Rhodium in ICE and hybrid vehicles. I believe its likely that emission standards will change and more rhodium will be needed in ICE and hybrid vehicles. I used the cash from the sale of part of my holding in Sylvania Platinum to buy more shares in Ramsdens. You may wish to have a look at this company as it seems a great buy at the current share price.

I have benefited in the last week or two from an institution selling shares in Ramsdens hence I have been able to buy Ramsdens shares in size so I now own over 2.1% of the company. In recent days. Several people on this board have recently speculated why an institution has been selling shares at such a low price. I have been in contact with several people about this matter and I have been advised that sometimes fund managers on AIM have fund liquidity issues and sometimes they sell performing shares as they are easier to sell. Another reason why some institutions may sell Ramsdens shares is because of overweighting in a fund because in the last two or three years Ramsdens shares have increased in price while many shares of companies on AIM have fallen.

Bangrak

Thanks for your warnings I held 2.2 million shares in Sylvania Platinum but after reading your recent postings I sold over half of them at an average price of around 83p. Thank you for your valuable insight regarding this company.

Rich62

Thank you for posting this interesting information about the share dealing of Otus Capital.

It does look like this fund manager has not finished reducing its shareholding in Ramsdens because I was speaking to my stockbroker this morning and the market maker I have been dealing with in recent days is still quoting a price to buy further Ramsdens shares in a size of 50000 shares on the touch screen which is quite unusual in terms of the size. It is my understanding that the seller is offering shares to the market maker in tranches of 50000 shares. I agree with Rich62 that it makes no sense to be selling Ramsdens shares at such a low price.

Rich62

I totally agree with you but I am pleased about it as it allowed me to purchase a further 100000 shares from the market maker early this morning actually too early in the morning for me as I am enjoying the sun here in Florida.

Rich62

As I see it private investors are not under the same time pressure as some institutional investors if it does not move much in price in the next year or so its fine by me as we are going to receive a decent dividend. It also gives us the opportunity to buy further shares at these low prices when our funds allow us to do so.