Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Took those bought @ 78 and sold …. Around 82p pushed into GCP … let’s see if it retraces. If not fine.
Money pouring of the UK … and I can’t say I blame it. The risk is that some GCI income streams go under, while social housing assets will fall in value …. But at stands, unless debt is inflation linked … those non inflation linked assets will be paying debt off cheaply relative to the wider market … so good for them, and good for people buying in now IMO.
I’ll be topping up more next week.
Big dividend shorts have to pay ….. when this squeezes which it will … I’ll be enjoying the ride.
"Premier Miton Emerging Markets Sustainable Fund" ... Still very small and launched at a bad time but my other Miton Funds are holding up well.
News does seem to leak, however, so 50p bottom maybe?
"This is not a growth company needing more equity to grow its business and thus make bigger and bigger profits."
The company has been selling shares at a premium to NAV whilst EPS has been covered according to results ... maybe go work out what the drop in the top listed investments are to get an idea of the market volatility.
Funds such as this grow by selling shares preferably at a premium to NAV, whilst buying shares back when at a discount.
The share is currently trading some 2% below NAV with a divi on the horizon ... the risks here are China, Russia and Taiwan ... along with the Western spat.
Personally, and given the malaise in China and Hing Kong, it's hardly a surprise the NAV has fallen ....
... like pretty much everything on my watch list .. so I'm not quite sure what you expect.
Good spot .. grabbed a few.
Sept. 2023.
Sept. 3023
“ Crude oil theft was largely fingered as the factor responsible for the nation’s inability to meet either the budget benchmark or OPEC quota”
As I intimated below … it’s that time of year. Below £1.10 I’ll start getting interested.
Small rise in the morning followed by heavy selling is the short signature …. Wait for the fall first thing as a clue for a reversal.
Sure 55-50p the UK market is unstable. But one still can't predict the future.
MMs sell to retailers but also off load shares from institutions - Mugs game look at buy versus sells.
“ Surprised Temple isn’t sniffing back around here! ‘
Took a dip at 123.6 but sold a few days ago at 127.6 …. GCP/NESF have yields of 9.5% … that’s my focus.
“ Forcados Leak, Crude Oil Theft Plunge Nigeria’s Oil Output To 3-Month Low, Second Lowest in 2023‘
That time of year when floods and theft emerges …. Let’s see what happens … I’m in no hurry to buy here at this point.
321 was about the time I came in …. I’ve traded this share a lot …. But not so much since the last spike into 290s. China / Taiwan was always going to be volatile bet and the £ has strengthened compared to last year but is still weaker than 2021.
Slightly underwater as of this latest sell off but stuck the divi in today.
We will see.
GLA
The BoE are selling UK bonds into a falling market .... in unwinding QE. This is deliberate to force companies into bankruptcy increase unemployment and put pressure on earnings killing the wage inflation spiral and forcing the 600,000 or so CV19 retirees back to work to save the UK from .... yes you guessed it Brexit malaise.
With interest rates high … shorts are paid for their position so there is no incentive to close …. Especially when returns from shorts equate to the dividend …. So in the current market not a good idea to borrow to trade unless going short in my view.
"T.OD. what’s your take" ... I wished holders well. I've been out for a month or so when the yield dropped below 7% and it was possible to get 8.0% + in the UK renewable sector.
Weakening of the $ makes the return less attractive so I'm trading US gas that has a little more volatility attached to it.
Outside of the above - all looks good, pending upon the completion of the Exxon deal.
I'll revise if/when Exxon deal gets the go ahead - whilst bearing in mind oil theft season is approaching along with autumn floods.
This has been a good share for me. I doubt if I will find another quite so kind in the future.
This will follow Jupiter in my view.
With the 3p divi and FCAP to sell at 9.5p I make these guys worth 33.3p.
Grabbed more ....
Where the legacy problem to hand is that before privatisation, NNPC and DPR were and I assume still are bedfellows … and the source of the delayed deal.
Bailed again today …. Too much carnage elsewhere to want to miss out.
GLA … faithful deserve their gains.