Member Info for Spikeyj

jatw, worth a punt for the break-up value (1.5 - 3 years?)

lol, could be worse, i remember
the good old days of british rail!

bubbling along nicely. the discount to NAV helps i guess.
tempted to take a small slice off soon — maybe at 180p?

ah, v sensible, just back in from tennis & dodging raindrops and see that
sunak has announced stamp duty changes are with *immediate* effect.

that’s very helpful, as otherwise ran risk that some sales already under
way would suffer from buyers trying to delay or pull out if he’d announced
e.g. stamp duty holiday from autumn. (sunak seems surprisingly competent,
so far, in a very tough scenario. i am not convinced javid would have done so
well; i think he’s a decent enough fellah, but not got same smarts as sunak.)

let’s see if sunak announces the stamp duty holiday will
be retrospective... plenty of chains may suffer if not?

GSK under the cosh a bit this afternoon . - ? some
folks out there wary of poor results, or perhaps
more judging that GSK not as well positioned for
a covid bonus as some of the other big pharmas?

it looks like stock markets have given a big shrug to the
ending of hong kong’s (semi) independence. positive for
PRU share price longer term, imv, but a shame for HKers.

buy set for 290.

indepth, just a bit of portfolio management and risk management ...
very nice profits from SMT, but that means it is edging into being a
higher %age of my p/f than i want, so i slice to keep it in proportion.
can’t really run a sensible long-term p/folio without something like
this to have a footing in those really big growth stocks, but there
remains the risk of sharp correction at some point, US vals so high.

so tulloch was worth about
minus 5%? fair assessment.

if they keep furlough money, effectively giving
up control over dividend policy for a while?

gmf, it was del, not me, who raised the issue of sinosteel contract
activation in his 19:09 post. so you may think sinosteel is of “little
relevance”, but del seemed to think it was relevant safety net/ plan B.

curious, how is it a ‘negative’ comment to wonder
what the conditions are for the sinosteel contract?
(it’s in their own RNS back in 2016 that there are some.)

and how is it ‘negative’ to wonder what the
recent production figures & sales are from WK?

so why bother with your question at 19:09?

19:47, snap!

hello del.

it’s hard to know when they would run out of cash unless they provide
some financial data about current production figures & sales from WK.

re activating the sinosteel contract, sure, *might* be an option for them,
but again it’s hard to know unless they clarify what the conditions are
for activating that contract with sinosteel. do you know what they are?

“The contract is conditional on, *amongst other things*, the Company receiving all the necessary permits from the government and therefore at this stage there is no guarantee that the transaction will complete.” (RNS 10/10/16, emphasis ** added by me.)

best way to pick up the assets on the cheap would just be to
wait for it to run out of cash. - cashburn remains significant,
with no figures produced to show that WK is generating any
meaningful +ve cash flow. (if it was, they would have said, imv.)

a month or so to go until the delisting date, unless they manage
to secure an extension, or unless they finally manage to fess up
about what was really going on with CITIC (if anything). i guess
that AIM will be pretty generous about granting extensions to
companies where covid19 is delaying whatever needs to be done
to resolve a suspension. ...but hard to see why covid19 would be
making any difference to this company coming clean re CITIC, imv.

it is probably wise to assume that HMRC sometimes use information
posted on these boards to investigate, trace & evidence significant
undeclared liabilities. (probably not frequent, but it has been known.)
LSE have a duty to cooperate with regulatory authorities & government
agencies including HMRC. ... sensible to remember this board is public.

14:03, lol, no prob.

if you have EUA shares in an ISA, but then there is a takeover which
includes some payment in shares in a newco/ otherco, then yes,
those payment shares will sit within your ISA, ** providing ** that
they are shares which are eligible for inclusion in ISAs to begin with.