Yep agree the extra divi to Aca holders is for the exploration rights and licences held for the other three African Countries and as you say Reuters when first announced said worth at least 9p a share (so worth having which is what my bank HSBC advised me too). However just bear in that if the containers are released now or before the deal is finalised we should see our share price bounce on the news. I anticipate we might have a blanket stock market fall next week so be prepared for your other shares. Acacia is safe for some time yet in my opinion.
What Franky and I are thinking is if we stay in Acacia rather than Barrick we also will later get a special dividend promised for the exploration rights from the other African Countries and also for the Gold held in the containers, etc. So we calculate this to be worth something to stay in Acacia.
I was thinking of buying something like Thomas Cook with some of the free money made on the other shares sold, and so a free entry with some risk built in. i.e. My other stocks will come back on time but do not offer too much more risk. So to provide a little balance I was thinking of greater risk. Events change every day so I will know more next week.
I've sold this afternoon some of my CEY and Marstons and have about £60k ready for next week's crash. I will then think about what to buy on the downs, however I do not want to buy Barrick I would prefer to buy more Acacia whilst I can. I think the Stobart falls as a result of an accounting irregularity at Eddie Stobart logistics was an over reaction considering they only now own allegedly about 11% of the haulage firm. Maybe we should send your Begbies in to sort them out!! I am also wondering whether to invest some free profits into Thomas Cook as this will be very risky as if having a blind fold on.
Forget the sentiment I found in life there is none after the way Warren Buffets firm made me redundant at the time I needed them most when at home recovering from life saving surgery and they took away all of my health benefits. I feel and was making them more money than my whole dept. and much of my work the others did not understand and so it was left, unfortunately politics accounts for a lot when ones Managers have control over the technical people. For the record my last holding I bought here at about 225p and my wifes 20,000 I bought at 2.52 (both in profit) but my first two holding when we went down fast I bought at 2.97 and 4.35 respectively so hopefully now heading back to those heady numbers for me.
I see this as a situation that Stob could benefit from. ie. They have already hived off Eddie Stobart and only have or had a minority shareholding at the most in Eddie Stobart logistics. £3M could easily be recovered by just keeping those expensive lorries a little bit longer as that amount does not buy many of them believe me. If Stobart wanted to they could increase back up their shareholding at a preferential rate. I see this as an opportunity to be honest, and this blip will not affect our trading here at all. This is stock market over kill and a great buying opportunity.
Yes hi Razor I have just seen this myself and the price is starting to accelerate -good news for the Gold miners and CEY.
We also await now Jerome Powell's speech at Jackson Hole, perhaps he will have to cut rates further than the 0.25% anticipated and this will help Gold further.
Watch the Gold price chaps. China just out tariffs on Soya beans and imports into China from the Us and Oil tariffs on US Oil. Gold price now rising as the situation worsens.
Also we wait for Powell's speech at Jackson Hole. Maybe we will start going towards USD1600 oz
I am sure Stobart group are already talking as I seemed to remember they have a minority holding in Eddie Stobart and if there is an opportunity to help and / or bring back in at a discount they will. The name and reputation is worth a lot. Could actually be good news for Stob, maybe we will benefit from a right issues later?
Wouldn't touch Metro but like :- MARSTONS UP 5%, TULLOW UP 4%, CAIRN UP 3.5%, I also like DOMINOES (expansion) AND DIXONS (Low sterling foreign buyers) also low rates = youngsters buying new phones) and liable for takeover from one of the big guys (Amazon, etc).
On a quick look at figs -something very strange going on (even with putting recent takeovers to one side) would see on first impression Turnover down, operating profits down, but Assets up? Cannot see who the major backers are, as no one of mention would watch but avoid until I had more knowledge? Feel a further stab at Uk major banks might be worth a punt after next weeks ECB, FED decisions and after the Trade is leading a path to the garden of eden? They look cheap?
They are heavily shorted and if the Company is relisted and the shareholders get less then the shorters will want to get back in quick which might explain how volatile the share price has been in the past week or two. i.e.the price seems to fall to about 6p and then quickly rises to about 10 to 12p and back down again? Could be worth a punt if you have the time to watch?
Yes agree Franky but i'm in enough Banks what with RBS, Barclays, Lloyds et al & all down for me and likely to fall further short term. My Marstons are doing well but I wish I had also been in toe Green King!! I did track and see some of the others that have left us here tweeting under other shares but I suspect they are trying to make a quick buck elsewhere and then want to come back in here complete with their additional spoils to buy in with bigger funds later before the Barrick conclusion, (good idea), but the way life goes is they go elsewhere lose money and then come back with less as we have moved on. My experience in life is however sometimes as you may have found it is better to stick than twist and all that glitters is not always Gold!