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"a subsidiary rather than licenses" Is correct, but presents a problem in that there exists a possible ambiguity between the pre year 2,000 and post 2020 legislation. According to the older legislation all that was was needed was approval by the President, that was given - but the newer legislation gives authority to NNPC as the regulator, that smacks of corruption since that regulator is now attached to a listed company - NNPC Ltd.
Looking around, I'm seeing some UK stocks hammered so much that what goes on here, and any rise is not worth the risk until the news one way or another is out .... so I have 30% of post August 6th trading profits in here .... and that's it until I see a green or red light.
GLA.
Back in for those sold when stated … could go lower of course … nice.
Results day for me usually ends badly ... if I'm out a stock rises 10% and if I'm in it falls 10%.
So I'm still out .... and expect a 10% rise.
GLA
"means a price of 70p."
Seems a fair target - smaller companies in the same sector have already been hammered. Enjoy the dividends and trade the noise if you can.
Good Luck.
It was obvious last September when Truss got into number 10 that the BoE and government were working in opposition partly because of the number of early retirees post the pandemic to force these folk back to work through higher inflation.
Trusseconomics was borrowed from Reagan in the mid 1980s and the last dash for Brexit growth scuppered by the international bond markets .... that UK is paying for now.
BoE is selling bonds into a falling market and the bottom will be where the bottom is.
I expect most other economies to recover sharply with low spot energy prices while the UK still has the legacy of 2016 around its neck.
One can't blame the BoE for dumb voters.
Strong buying .... just added £10K no mini drop .. shame.
GLA
I've seen quite a few in this sector shorted to a 9% or so yield .... UK bond returns related ... I use INXG as a benchmark for direction on bonds.
Looking forward to the rebound myself.
Clear here now - Been an excellent share to trade - made up for JUP losses - cleared today - hope for a fall as hope springs eternal.
GLA
I have a whole £100 in shares left. Made what I wanted to make buying in at 128p on the back of El Presidente's letter last year, staying in some cash - might lose 10p again if the news is good - but not bovvered.
GLA
I bought more at 81p - Results were no different to the AuM update and 80p was close to last November low so I expected it to be hit.
With high UK inflation, UK Asset Managers will struggle in post Brexit Britain for a short while - but unlike others, PMI has a high percentage of performing managers - I hold a few funds held by this company and I'm quite happy. Good dividends maintaining value.
Higher inflation also means folk need to to save more for future pensions so money will flow into managed funds sooner or later.
I’m virtually clear as of yesterday …. took a small punt on DEC this morning … Seplat doing well with fixed gas prices but wider market leaves bargains elsewhere.
Will be back at some point.
GLA
Wider market collapsing Seplat up 6% - Gotta love days like today.
Interesting of a UK court sacked the government ...... ;)
I recollect getting excited about published buys and sells 20 odd years ago - until I read that the trade buy/sell type was a guess based upon the bid/offer, and worked out that if I buy from a MM he must have sold to me. Since I don't know the position of the MM and who the MM is selling shares for, the exercise becomes futile.
It follows that volume and weighted intra day share price changes are probably a better measure of direction - but I like to play the noise as well.
Not convinced NNPC, IMHO if you ask me ..... sizeable trades going through now at 97p ... shorts closing?
83p was the low .... if memory serves me correctly ... not too far off from 65p given the 240p Jupiter traded at in the early part of 2022.
You might be happy for a company with investment managers that regularly underperform their benchmark index, where your dividends being paid to managers of the Chrysalis fund, along with third party firms to try to prevent a takeover ... but I'm not so happy, and is why I side stepped into other shares in the same sector with better management.
From my point of view, if a lose X in JUP and shift funds to make X back on POLR .... I'm not quite sure what difference it makes.
Maybe you can explain the error in thinking?
US gas is up 13% in two days …. Bailed for 5% to pick up ex divi here with old divi reinvested today.
GLA
Dividend just landed.
"It is good job people don't listen to the idiot poster who said that they would buy at 65p"
That "idiot" as you call it .. bailed at 125p didn't take the divi ... still has a price target of 65p ... and made their money back stepping sideways in the sector with management teams a little more clued in than in Jupiter.
I like to sleep at might.
:)