Member Info for TerryM1

I hold these in 2 ISAs and a SIPP.

I checked with HL, IWEB and II, for the ISAs the payment of 69p will be made into the ISAs and SIPP, the shares will be removed from the ISA accounts into trading accounts or certificates (if no trading account) but will remain in the SIPP.

Tried to buy some more and to make a small amount in a few days as I got a quote of 0.67908p

but for upto only 1500 shares, 68.5p for over 1500 so not worth it when stamp duty and trading costs taken into account, thought this is too good to be true.

Uranium Prices Could Rise Even Higher

https://www.wsj.com/economy/central-banking/gold-gains-on-better-sentiment-could-fluctuate-584fa876?siteid=yhoof2

Uranium prices could rise even higher on supply tightness, rising demand and thin spot markets, Berenberg analysts write in a research note.

Serco did take a long time to recover but unlike Capita it has recovered (to an extent). That is because unlike Capita it makes a profit, pays a dividend and does not have JL who always promises recovery, jam tomorrow but just gives us excuses and himself large remuneration package paid from selling off the family silver and squandering the rights issue money. Is it a coincidence when there is not much left to sell off he's off.

Hopefully the new guy can do the job JL was well paid to do and the shareholders will see a recovery, however a proper recovery will not happen until Capita is profitable and pays a dividend.

Bigpunt

Agreed, Soames is great for Serco because he has lots of connections to the great and the good in the Conservative party and probably elsewhere.

There was so much scope to earn money during Covid by companies administering the many government schemes giving tax payers money away to anyone who claimed it. It was a huge opportunity for CPI but JL chose to use it as one of his many excuses for poor performance instead of making money for the shareholders.

SUPR is a REIT and trading/custody costs are the same as any other share not funds, I have these in IWEB, HL, II and Fineco and there are no charges to hold the shares, usual buy and sell charges apply. There are management charges but these are not levied on shareholders directly but can be considered like the costs to run any company (see KIDD). The dividend declared is what you get except for a 20% tax deduction sent to HMRC if not in a ISA, Pension or help by a company.

3rd dip in 3 days, market is part of the reason today but does not explain it all as has risen from the low point of the dip and market going down all with no or very little change in Uranium price. The SP is becoming a roller coaster.

Bought a few for my partner at £6.125, hoping for discount to narrow to take some profits but will hold if still high discount.

This is a good day for BBs, come on DEC step up with all that extra money from the sale.

"osh such a coincidence that they open a short just before the letter and close it when the sp starts to recover!"

Or close it when DEC are replying to the letter.

Not sure what is happening as there have been 2 quite big dips in the SP in the last 2 days as Uranium rises a small amount. Taken advantage of the second dip to top up at £6.10 with some spare cash in my SIPP. May trade out a few if it rises back to around £6.35 (if uranium price stays the same) and see if I can do this again but want to keep most of holdings as IMO this is looking more like a one way bet for a time.

Looking to buy some Cameco but can't decide as SP and PE ratio is very high at present but not doubt will look better as the increased price of Uranium feeds into the sales.

"I believe the CEO is a politically woke mouthpiece & no doubt will be rewarded by the woke establishment. ..IMO"

Already has in the New Year's Honours list with damehood.

I will also be selling Aviva because of Woke and ESG policies. I like PHNX (already have shares) and LGEN but most of my free cash is going into Uranium where I have been building a position for a few years, world shortage,being tipped a lot now including the Telegraph, not taxed by HMRC except my CG.

My II dividend was in my SIPP account on the 2nd.

Latest asset divestment represented a smart deal yet the market is underappreciating both the transaction and the London-listed company’s value, that’s according to analysts at stockbroker Stifel.

https://www.proactiveinvestors.co.uk/companies/news/1037519/diversified-energy-company-latest-deal-making-is-underappreciated-by-market-says-broker-1037519.html

From memory the vote is on the 11/1/24 and if passed 69p per share will be distributed 4 days latter, I assume there will be a small additional amount to come at a later date.

MillerJackson

"At present I believe the law is that you can only contribute to one ISA account per year"

Correct but you can have multiple ISAs put money in one ISA and transfer it to another or buy the shares in one ISA and transfer these to another ISA.

As for WHT, II took no WHT in my SIPP but II elects to receive dividends in $ and 1.5% fee to convert to £. Both HL and IG if W-8BEN no WHT in SIPP and 15% in ISA and trading account, most others not owned by banks are the same.

Hardboy

Thanks for the info, as I explained to IWEB it is an action by a company so therefore by it's nature a corporate action and a retail offer is an offer open to retail investors which they do as a matter of course, will wait and see how they respond to the complaint and may take to the Ombudsman. I have also taken this up with SRT in the hope this may be averted in the future.

I am also with II for my SIPP and use IWEB, HL and Fineco (now withdrawing from the UK). IWEB are owned by Lloyds and are a cheap option and in the past have been fine but now I am less than happy with them. The reason I would like this to be handled by Primary Bid is that it is open to all with preference for existing shareholders so someone like me does not miss out. Also now applications to Primary Bid can be made from an ISA or SIPP for participating brokers which include HL and II but at present you can only apply with II and HL if you already have shares in the company, not sure about other participating brokers.

"I'm expecting a fixed-price tender offer for shares IMO, enough liquidity to offer buyback 10% of the company for a 10% premium before the next ex divi date."

How can this work, sell you shares in the tender offer and buy back 10% cheaper in the market, also why offer a 10% premium when you can just keep buying back in the market especially as the shares require regular BBs just to stop the SP from falling.

Tried to buy some more in the Fund Rase, I have these shares with IWEB and they said they could not do this as this is not a Corporate Action and they do not get involved in Retail offers.

Have raised a complaint as this is clearly rubbish and not happy as I will miss out with my holding diluted. Company should have put this offer on Primary Bid.

As I have been saying for months the BB are Sporadic and Anaemic although they have pick up recently still not enough and still Sporadic. DEC need to hurt the Shorteres otherwise we are fodder for these people.

There is no excuse when the SP is at this level, unless the Dividend is reduced (IMO unlikely) the saving on dividends is huge against borrowing costs and can only be good in the medium to long term. DEC cannot buy more O&G wells anywhere near as cheap as it own shares.

IMO DEC also should not be looking at buying new wells at present because in the unlike case there is some action on this probe the cost of old wells will go down and may even get paid the take them away. DEC should still make money as it can factor in the extra costs in the purchase price. I am sure there are many O&G companies who don't want the hassle and just want them off their books especially if something comes from the probe or nothing but it just sits in the background.

Why big miners are getting into the metal recycling game — and will be for years to come

https://finance.yahoo.com/news/why-big-miners-getting-metal-110002945.html

Has info on GLENs recycling