Lorna Blaisse, CEO of Helium One, outlines the path to commercialisation for their helium discovery. Watch the video here.
Still going down
Was wondering why discount so high with YCA for last days, tempted to take some more but it did not feel right. Do some people know something I don't and had pre-knowledge of the fall.
If you look at the Oak Bloke
"For long-term DEC hands at a 10% of shareholders opting a tender, that’s $5m of divis saved, £0.40 of NAV added per share …. PLUS 90% of shareholders received a 31% yield at today’s price."
I understand this is the tender offer which is in effect a BB so the calculations for BBs are similar
The problem with the BBs is thay have been Anemic and Sporadic, I saw somewhere that only about 2% of the shares have been bought back against the 10% (max allocated) since I believe last June.
BBs reduce the amount paid in dividends and also greatly enhances the NAV as stated by Oak Bloke
"Lloyds also have Citra - buying property for rental income"
Take a look at Home REIT and all the money they lost on Social housing, impossible to get the rent from some tenants and you can't evict them without huge costs and bad press. If you want to go into property buy warehouses, a shortage, best return and great rent collections. Social housing is a money pit.
"Near as damn it £30bn of PI's money on social housing"
That is the way with so many British companies the BOD think the companies money is for them to distribute as they like often on their own causes and themselves, shareholders should take what they are given and be happy.
HL deduct 15% if you have a W-8BEN in ISA or trading as do AJ Bell, II, IAG and most other brokers, the exception are the banks or brokers associated with banks. IWEB, Halifax, Barclays, Fineco deduct the full 30%.
This something I have thought about if not in a SIPP now there is no stamp duty. Turn dividends to capital gain or reduce capital loss and no WHT or additional UK dividends tax if in 40% bracket. Of course at the risk of SP changes but as you say you could gain.
However the company would pay the dividend just not to you.
The 2 things that concern me about the report is that the SP has been dropping so it may be leaking out as so often happens and the lack of figures in the last TU. CPI usually justify bad results using the old CPI tried and tested trick of one offs but people are seeing through that now so in the TU just said we are doing fine without any figures to back it up. This time round they will have to release the figures.
Come on CPI prove me wrong.
Not sure how the tender offer will play out with HMRC as you are taking an extra 5% instead of the dividend. I suspect they will regard this as tax avoidance especially as you have a choice and the extra 5%could well be taxed as a dividend. With Glencore there is a debate whether the capital repayment dividends are taxed as capital repayments or dividends, I think HRMC are now saying these are dividends.
"A passing remark, a script dividend would achieve the opposite aim, i.e. reducing number of shares via BB, as it would require the issuing of new shares, none are in treasury – all BB shares are cancelled."
As I said DEC could use the money saved from the script dividend to buy shares in the market and cancel these. This would move some shares to long term holders who want to increase their holding while keeping the number of shares the same. I would expect these holders would not loan their shares to shorters and are not day traders.
As I see it their a number of reasons for BBs.
When dividend is 30% and cost of borrowing 8%ish and likely to fall there are huge savings for DEC and as the Oak Bloke has stated greatly increases NAV. It does not take that long to pay of the borrowed money back with the dividend savings and then the savings are there for as long as there are dividends.
When funds are selling because of redemptions and ESG there is a need to soak up the excess shares to prevent share price falling, it is why a lot of the O&G companies are doing this, take a look at Shell and BP.
It takes control away from the shorters, at present they are in control, I want to see the shorters burned not the share holders.
Where else can DEC buy O&G assets cheaper than its own shares.
"Are you serious ? ........"
""Dividend script issues" are part of the reason Shell & BP cost there shareholders $10's of billion's in lost value through the biggest legal ponzi scheme's invented!"
Just look at their share prices compared to DEC.
Wouldn't KAP have to buy on the spot market to make up the shortfall like Cameco have done. I guess this depends on the contract but if this is the case YCA could sell at spot to KAP to buy back a lot cheaper.
The number and size of the contracts don't add up to a hill of beans if you are losing on them or making nothing, what this company needs is some profit. It has been eating itself alive since JL took over in order to keep going, now nothing left to eat so the only thing that counts is profit.
First of all it matter little what PIs do, it is the IIs which are important. I think this is aimed at IIs who want to reduce their position but do not want to dump a lot of shares on the market harming them by bring the price down of the rest of their investment.
There is no way posting to (in effect) an anonymous group of people advising them to act as a team will change anything, every person will make up their own minds based on their views and circumstance. It is highly unlikely many people will go along with a plan where they take a loss (even if it small) for the so called team and then have all the admin of dealing with CT etc.
For me it is simple, I will take the dividend and put it to good use elsewhere (I guess I am a selfish non team player), DEC was by far my largest investment a few months back but has dropped down the list due to SP crash. I am deep enough into losses here already and don’t want to risk more or take more loses of my own making and very disappointed with the BBs so far. If there are no other significant changes and DEC decides to go on a concerted BB plan I will consider adding some more.
For me in a SIPP I will lose if I take the tender offer, if in an ISA with WHT at 15% again it makes no sense to take the offer (unless being a team player means more to you avoiding more losses). There has been a lot of discussion about whether it is worth taking up the offer, for most no, however there may be a few where it works out if not in SIPP or ISA. There are so many individual factors, WHT tax rate (depending on broker), dividend tax rate, CGT position, even if resident outside of UK etc.
The offer will turn dividend to CG, 5% on top of your current gain loss if HMRC don’t think it is tax avoidance, however there is the possibility you could end up in a bun fight with HMRC. Some may wish to take a CT loss which can be used against other gains (10% or 20% depending on tax bracket), there are so many individual factors to give a general answer.
Still can’t understand why DEC do not do a dividend script issue, a lot who take up the script offer will keep the shares and money save in the dividend can buy back shares which will be cancelled so at worst a neutral affect but in reality more shares in the long term holder’s hands and less for shorting/day traders.
Certainly not an Idiot (GG) as we all know except for an exception, I only found out about fuels as I have a small farm and store diesel and use fuel in a lot of different machinery. I find there are not many people who realise how ethanol reduces the storage time for petrol and how bad it is for engines except for mechanics and those of us who use a lot of machinery.
DEC should BB as many shares as it can especially before the XD date, a clear signal must be sent to the shorters that up with this we will not put. Also accretive so medium to long term adds a lot of money into the balance sheet.
Just look at shell dividend yield 4.10% and borrowing money for large BBs, Shell like virtually everyone else believe interest rates will fall so adds value to the company.
"I've even thought of buying thousands of litres of petrol when price is low and storing it in a secure tank away from our house (we have the land) before it becomes harder to source the fuel but not sure of the legalities !!"
This is a very difficult due to regulations on storing petrol, also all the petrol you can buy (except in small amounts for 2 strokes etc and is very expensive) has ethanol (E5, E10) and will separate after a relatively short time (3 to 6 months) but can be extended for a lot longer if you use a fuel stabiliser. The regulations for storing diesel are not anywhere near as hash but again storing for over a year is not good idea. I use red diesel on my small farm and find I can keep it in drums if they are full and sealed it is OK. Once you open up the drum moisture from the air enters the diesel and bacteria go to work. I empty the drum into cans (kept full) and filleted before using as lumps are sometimes formed and also sometimes the bottom of the can is milky colour due to water and effect of bacteria. Not much of an issue for me as I have an old 1970s tractor and JCB which will run on virtually anything but cars especially modern day cars are much more sensitive.
Ethanol in petrol is a curse for me, 2 strokes (chainsaws, brush cutters etc) don’t like it and it also damages the seals diaphragms in carbs etc, since I have to use E5 I am rebuilding the carbs and replacing fuel lines on a regular basis. I understand it not too good for seals in cars in injection systems etc.
I do a similar thing to you with cars, I buy an old Japanese small to medium 4 wheel drives which are very low mileage and are in VGC, I don’t worry too much about the price if I get what I want. Kept in a dry garage service them regularly myself with good quality oil, drive carefully and they last many years, my current Mitsubishi Pinn is 2005, got it about 8 years ago and still looking good and running well, luckily is ULEZ compliant. Last Suzuki lasted me over 20 years and only had to give it up after it was hit in an accident.