A dividend would raise company profile as it would appear on many notice boards regarding ex-div date, etc. Sounds like a cheap way to raise profile without marketing costs. Increased investor interest would probably increase the liquidity as vol of shares trades would increase. GLA.
I think admitting that BP was a cash machine whilst we are in the middle of a cost of living crisis did not help the public mood surrounding oil companies. It has certainly contributed to government targetting them for a'levy'.
A lot of rumours existed over this 'Levy'. Now that it is confirmed the uncertainty should settle the speculation and permit the likes of SHEL and BP. to move forward. The markets hate uncertainty so sp of both might actually rise today. GLA
I really feel for those who have lost money on this. I exited last Dec at 32.9p for a 64% profit. Lot of hype and bluster which never materialised. Despite record gas prices the management could not drive to a plan or communicate effectively the status. Any business faced with record gas prices would be moving heaven and earth to get gas flowing but all I saw was bumbling along from one problem to another. Where was the production risk assessment and mitigation? They seem like a very reactive bunch ready to jump on any excuse to explain delays and problems. In business you risk assess and ensure that the mitigations are in place to ensure that the plan is met and you drive to the key dates. But they didn't seem to even have any dates. If you aren't pumping gas and making money in record gas price climate then people get told to walk and you bring in bodies who can. Nothing personal it's just business. What will the share price be when gas price normalises? Dread to think. If you go to the AGM, demand a plan and a copy of the production risk assesment in an RNS, see what they say. Good Luck Everyone.
I've recommended your last post moniman. I once read a book which claimed that during times of inflation people did more overtime/hours to make ends meet. As such they do not have time to prepare their own food at home and relied more on fast food to sustain themselves. Even though more expensive than home made food, the time saved allowing them to spend the time working outweighs the extra money spent on the fast food. As such I predict GRG to do quite well and I think that the next set of results will be a very important indicator as to the health of the business. It is facing headwinds of heat and wheat so profits will be depressed until these issues resolve. GLA
I take your points on board Silverknight, all of which are valid. However, when I see blatent manipulation of the share price down it tends to give me a distinct lack of humour. The signals, if correct, from yesterday are indicating a manipulation down of 30%. This would take the sp to around 6p. So, even given today's spread of 5%, I could cash in my holding, at a loss, put it into a high quality, value stock, which would gain me back maybe 30-40% and then be in profit. At the same time, if as I suspect MAFL does drop to 6p and the MM's **** off I can buy back in and wait for the rise. That's about where I am. People were talking up the NAV back in 2019 and the sp has gone nowhere. Fact is, MAFL is a part time hobby for the BOD and I don't play that way. Good Luck to all LTHs and I hope I am proved wrong only time will tell.
Nuclear reactor in everyone's back garden or behind your local retail park. What a load of nonsense. What next? Nuclear powered flying cars. Some hep cats been sitting in their ivory tower smokin' waccy baccy.
RE: March presentation from Ascendant Resources24 Mar 2022 13:48
So Zinc is up another $200. I don't think it would matter to MAFL if Zinc was up $2000. There is no correlation between commodity prices (curently near ATH) and MAFL NAV. Similarly, there is no correlation between MAFL NAV and it's shareprice. I once invested in a company that specialised in simulation software. It won some big US defence contracts (NAV got bigger) and the shareholders were fixated on the idea that at some point as a consequence the share price would grow, a dividend would be paid and the future would be golden. I held for a while but quickly realised that despite the winning of contracts, the share price was dwindling, the spread was huge due to little interest and I eventually sold out at a loss. It is sometimes the case with AIM shares that they promise the earth but are nothing more than a vehicle for a few selected indivuals to make a decent stash. Eventually, these companies have their share price dwindled to the point where the company is bought out (sub value) and the shareholders receive a pittance relative to the real worth. There is no good reason why this shareprice should not be higher given the present commodity prices. This is the worst performer in my portfolio and very tempted to cut my losses before this becomes a penny stock.
"I can see the portfolio being liquidated in 3 to 5 years and the proceeds returned to shareholders". Strong possibility. Why else would this be so stagnant when most commodities are soaring? I can hold and wait. I might actually make some money on this one day.
I see two major headwinds as energy and wheat. The ovens that I've seen in store are electric so the effect might be slightly muted relative to if GRG were using gas ovens. Second, Ukraine is the bread basket of the world. Wheat is exported via huge cargo ships into the Black Sea. The blockade of the Black Sea by Putin's boats have big potential to disrupt supply and increase cost of one of GRG raw material costs. I'm also examining predictions for lean hogs and sugar, another two key ingredients. There are inflationary pressures on wages which could affect operational costs. However, there is also potential for more staycations this summer which means more families purchasing pies, pastries and cakes whilst out during the day. I do see upside potential in the long term. I bought in at 2979p. I may double my holding to average down although I do see reduction in profit short to medium term which will keep share price below it's true value level. Good Luck Everyone.