Firering Strategic Minerals: From explorer to producer. Watch the video here.
... double checked NESF fall in NAV over the year ... seems a tad higher than elsewhere in sector but NAV at 104p even given a trade up by the trust is a marked discount historically speaking.
The share looks way oversold to me along with GSF and others in the sector … Nat Gas prices are up in USA … the question is whether Bailey will give Sunak a boost and drop interest rates tomorrow … if he doesn’t Sunak is going to look out of touch in every which way possible making one wonder how he made his millions during the financial crisis outside of insider information.
11% yield is ridiculously high where a 10% capital gain with a few ups and downs along they way seems a no brainer … market however is selling into spikes so will see if I get the trading sum at a lower price than late yesterday will a sell off in morning. Not bothered either way … boots filled here.
GLA
Those bought with the sell off after the ex divi have been cleared on the spike ... reading the RNS with interest now.
As I said below .. this share spikes when she goes .... luvvit.
Alls == falls
Stocks related to "battery storage" have taken a hammering these past 6 months check out GRID GCF PMGR - much down to problems in UK with the balancing mechanism that curiously has switched onto gas as the default in UK.
Good deal of "poker play" with stocks - you can check at level II on NESF it has all the hallmarks of HFT trading that can do untold damage to share prices along with eviction from FTSE250 that took me by surprise but the hedgies would be on a win win if they can damage share going short forcing trackers to sell.
There are red flags here - pledges to buy back shares not taken on board along with the capital recycling program that is selling assets to a connected party in NESF - but its generating cash and the price is indeed low.
The question as always is whether the market is right or wrong to misprice at these levels. Bear in mind as well the share is "trippy" ... when it moves it moves with big gains and big alls as happened in November/December last year especially.
One places bets and takes a risk .... since early January highs took profits on SEIT yesterday that dropped from 64p at the time to 52p-ish ... GCP took profits on a 79p from 73p at January highs, while GCF and NESF are both down from around 90p to high 60s and low 70s .... so some hedge funding p*ssing around in the sector is my current view.
11% yield covered .. it's fine by me .... although weather has been crap in UK so earnings might be down a tad as a result.
AJB also held up the transfer for a month because I didn't have £50 cleared cash in the account that I didn't know I needed to have in the account ..... so I put a stinging report on one of the social media websites ..... I was moved quickly thereafter.
US Natural Gas is holding past lows, the UK balancing mechanism seems to be functioning slightly better, while I'm still of the view that interest rates will drop this June and Sunak knows this will be so hence the July election so expect to see rallies in the sector going forwards.
We will see.
£10 per holding? MY AJB fees were well over £1000 a year down to £360 a year when including free trades.
I transferred from AJ Bell to II 3 years ago - It was a very wise move. Fees with AJ Bell were outrageous for a system that crashed during volatile markets and made extracting income virtually impossible for those with hiogh trading volumes.
Checkout announcement from last year …. About a week before due. This share has been a bronco ride the past 6 months ….
103? Not counting dividends?
Porsche1946 - Blocked.
But =-buy
It’s more to the point that noises have been made about share buybacks at the large discount and capital recycling that hasn’t materialised as yet … it is what it is but trackers are forced sellers … so there will be some recovery when the dust settles … meanwhile enjoy the divi … still think interest rates will reduce in June …. Sunak would not have gone for July were it not the case … and I don’t but into total independence of government and BoE.
Pushed out of the FTSE250 …. Nicely timed by Barc to give it it kick in the nuts to make sure.
Gungi - I'm level II watcher .... there is a hedge fund crawling around this share hitting it hard .... and has been there for a couple of months ....
Renewables are seen as bond proxies ... allegedly stable share prices .. a slight irony under the current environment I agree .. but there we are. These companies can have sizeable debt so returns are interest rate sensitive - hence many in the sector looking to reduce RCF dependency - but reutns are also linked to gas prices that are squeezing nicely now so I'm a bit surprised by the continued low price going forwards ... so can only attribute the weakness of a possible Labour government and claims of cheaper energy for everyone with various rumours of nationalization in the sector.
Nationalization is not what Labour are proposing ... more like PFI without the PFI .... state/private combination generating energy as UK turns to renewable as its power source.
Lower interest rates will boost bond proxy renewable share prices ... that's all I'm interested in ... picked £10K up at 72p last thing today .... looks like the sector has taken a hit today ... Labour government Great British Energy fears I'm guessing.
Reckon Sunak has called GE because he knows interest rates will drop in June,