Member Info for Tom78

Those prices are delayed by a day, the best way to know lately is to look at the share price!

probably as lower than expected US inflation markets hoping lower rate rises = weaker dollar and stronger pound not so good for bats.

Typical that the day before divi payment the pound shoots up nearly 3% thus reducing our already taxed dividend.

Assets Under Management.

As HL take a % fee based on value of funds, as investment values go up they make more in fees. If you hold equities only then the monthly fee is capped at £3.75 per month including investment trusts.

During COP last year gave me a first entry at 286p after a massive fall so I can't complain too much. Still have Divi money from October uninvested so will wait until thing stabilize a bit.

All miners are strongly geared to their commodity price. The RB coal price has dropped sharply so future earnings will be dented and the share price simply reacts accordingly. Latest figures I can see are 187 to 174 $/Ton Nov -Apr contract.

Good day today indeed. Took the opportunity to sell a small portion of my holding at 913p, as I have become too overweight in pru and i’m not sure how much I trust this rise seeing as how it has risen so fast. Keeping the rest for recovery hopefully!

I would say you need to keep a little cash handy and I do, not earning enough interest to keep up with inflation of course but you cannot win all of the time. Inflation has been low for many years and stock investments over that time have massively outperformed inflation at 0-2%. Now the boot is on the other foot a bit and some cash gives you some buffer when things turn ugly on the stock market you can take advantage.
Also High yields are far from guaranteed, as they are mostly relating to last years declared dividends on the current depressed share prices. BOE yesterday painted a pretty grim picture for UK going forward, not that RIO should be affected much by that of course but things maybe not so rosy worldwide.

Strange, never heard of that. I own TGA.L on the London LSE and was paid in pounds sterling. Thungela announced the payment conversion in the RNS at £2.40 per share (net of tax). Broker was Hargreaves Lansdown.

What do you think will be the catalyst for a turnaround here? I am concerned communist China will continue to crush the life out of Hong Kong businesses out of spite for the former British rule. There is no let up in the ridiculous 'zero covid' lockdown strategy in mainland China and border restrictions are an ongoing problem. The Tensions between China and Taiwan are at their worst for many decades also. Never mind a possible world wide recession!
I can be as patient as the next man but I'm starting to think I'm up the creek without a paddle here.

Hang Seng down 6.36% overnight, lowest since 2009 as President Xi strengthens his grip on power. Not specific bad news to pru just all Hong Kong and Chinese stocks

Well you pays your money and takes your choice. This bear market has been absolutely brutal for many shares, this included - I would not like to say we have reached the nadir.

According to the Times Peter Hargreaves who owns 20% of HL shares has blasted the chairwoman Deanna Oppenheimer over ‘diabolical’ performance. I can't access the full article as I don't have a subscription, but a major shareholder publicly criticising the chair maybe the start of something.

JPMorgan cuts Rio Tinto price target to 5,450 (5,580) pence - 'neutral'

Take your pick!

You may get it who knows
I got lucky with this and bought during the covid panic at 133.45p and since then it has returned 42.73p per share in dividends, I missed out on the big 15.77p final special but still doing ok as that's 32% return over just over two and a half years.

Thungela has been whacked with a huge drop in coal futures and this strike has certainly had an affect as well.
Regarding wider markets, yes I have had a horrific week so far as I am quite heavy in life insurance and Infrastructure shares, the latter supposedly 'low risk' by so called experts!

The dividend here has not risen with inflation so far, maybe in the future but things don't look great right now. Had a recent small top up at 153p last week that already looks like a mistake. Those recent participants in the fund raise at 172p must be absolutely kicking themselves.

Long dated gilt yields are rising again, not at the peak of the bank intervention but not far off. I suspect there may be 'further' intervention if necessary after this period of support, after all once it has been done once it can happen again.

Richards bay coal prices have slipped in recent days to below $300 per ton. October price is down to $255 ton down over 10% on yeaterday. I think this explains most of the weaknessvin sp.

Impossible to say but I would wait until this market bottoms, or at least shows signs of stabilizing. Sentiment is in the sector is not good along with everything else right now. Recent worries in the bond market have rattled life insurance companies even more.