Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Interest rates coming down US gas on the way up .... and 2p divi in a couple of weeks ... 94p was the Xmas peak so a good target, agreed.
Should be trading at 105p given the current NAV ....
£450K trade gone through at 76.1 ... about time.
Quite a fun day .... the drop took me by surprise I must admit given Nat Gas over USA .. but cleared out of GCP grabbed more 72.9-73.5 took 75.5 or thereabouts this afternoon on NESF and back into GCP down 1.5p ... so good day trading.
Bear raid today.
“ Arqiva also holds a large balance of shareholder loans owed to its own shareholders. For the avoidance of doubt, these do not represent an external debt obligation and should be stripped out when examining Arqiva's leverage. Arqiva's total external debt as of 31 December 2023 was £1,438 million, which corresponds to £744 million attributable to D9 pro rata based on its 51.76% economic interest.‘
A little more clarity as I requested back in February. The key question is what is a realistic value for the operating profits squirrelled away as reserves.
Renewables pretty much track Natural Gas prices .... that are moving up from 30 year lows in real terms.
Dividend up .. nice to see.
"Active fund management is shrinking." - and underperforming. Easy to check looking at cumulative returns of funds held versus say the FTSE350. It's quite shocking how many funds struggle to keep up even with their own benchmarks.
For Jupiter:
"Measured over one year, 65% of mutual fund AUM (31 December 2022: 49% of mutual fund AUM) delivered above-median performance,"
So, flip a coin with a 2/3 chance of beating an index - while the managers spend your money going to conference jollies.
In this day and age, Fund managers need to offer something in addition to Index trackers, such as long/short positions to earn extra income - then the fund has to earn the extra income and deliver with the strategy.
Upgrade of DGI9? Link please ... I'm waiting for the extra £20 m to land .... should have landed already but 26th is the other deadline.
Johnson did what he does best - Tell lies. It's not as if there were not clues before 2019. It is what it is - But what is happening to the UK energy market out of the EU is a travesty.
We have Badenoch celebrating UK has a gas hub with record imports of non EU gas and exports of non EU gas to the EU in 2022 at record high prices boosting trade figures and calling it Brexit success.
Some Brexiters might be dumb enough to buy the lie, but the rest of the world is not so stupid - and neither am I.
"Annoying how our pension funds go to the States" Why? Pension funds have a duty to pension contributors - like Utilities have a duty to shareholders in buying foreign assets to boost earnings. The Tory government is desperate for people to buy in and support UK stock markets - but the rest of the world is looking at Brexit Britain and saying no chance right now.
Why would pension funds be any different? Blame Farage, Rees-Mogg, Odey and thge rest of the Brexit crowd for lying through their teeth about Brexit and then going short UK.
… and what looks like a profit warning from GRID. Bailed GRID on the RNS today. The UK will I suppose sort itself out eventually.
"Thought u said "out as of now"...?"
Errr .... is this afternoon the same as this morning? I have zero shares now ... seriously a shame .. I like the business idea ... and annoys me that these problems are down to UK government dithering.
But money is money ... I don't like holding shares without a return.
Sell first ask questions later ... I bought a few more this morning on the back of HEIT but with no dividend in this market ... I'll take a small loss now rather than a bigger loss later ... and buy back on good news if/when it happens.
As close to a profit warning as one can be .. only a few in here .. out as of now.
Nice dig up on BSIF .. looks like old news though ... AJ Bell are pretty useless in my view ... I left and moved over to Interactive Investor in 2021 ... saved me £1000 a year in AJ Bell fees for a better on line system that didn't crash as frequently as AJ Bells plus and this was the big irritation ... getting money out of AJ Bell was impossible where I had to stop trading for a week to satisfy cleared fund criteria. Useless.
“ 51.76%? A majority shareholder” … No .. refers to Economic interest. DGI9 is a 48% shareholder.
As I wrote below, when the £20 million deferred payment lands in the bank account, expect another few pence rise.
I’m expecting a 50p a share return with Arqiva IPO, up to 20p a share from performance targets from sold assets, but not banking on it, and whatever cash is left over from asset sales having paid off debt and management fees.
We will see.
Your so called “managers” in the current market on average have around a 40-65% chance of beating their benchmarks and is why the sector is in decline … the managers in my view, would do better trading their benchmarks and not bothering with stock picking from the benchmarks…. While the advantage for folk like us, is picking up assets below NAV and hoping for a NAV sale of assets.
Outside of the above, with the time taken to find a good manager … might just as well take Buffet’s advice and pick an index on leverage.
On the plus side, £20 million should be landing in the DGI9 bank account next week adding a couple of pence to the DGI9 shareprice.