Member Info for Tom78

My last lot I had at £13 ! thought that was a good base but here we are. No more buying for me now as I am far too exposed here

It's just always been the way. I suppose the fact it is not a UK based company may count against it, but it does not affect the profitability of the company in terms of the dividends it pays. Withholding tax on dividends will also count against it.

Disappointed since the update as I was expecting a decent rise to offset all of the other turkeys I am currently holding. Everyone gone quiet since then, at least last divi pays on 13th July. Ex div was almost time immemorial back in Feb.

Yes that's the the way we like it nice and quiet.. Bought all my shares here back in 2016 in the £19 range and not sold any yet. Divis have been incredible as well.

I'm estimating 22.6p per share after tax. Depends a bit on usd/gbp conversion at the time.

Asian revenue and a UK regulator which stole our dividend, lovely.
No dividend and no share price growth and probably another 10 -20 % reduction in SP with another market rout.
I'm starting to think this has almost nothing good going for it, caught between the USA and China who do you take your chances with the devil or the deep blue sea?. Yes I do own shares here but I wish to God i didn't.!

Probably something to do with quadruple witching day which is today. Notice most shares have massive volume closing auctions.

Always the same with this share, just when you think it is going along ok it throws you a curveball and -20% in two days is normal. I wouldn't be surprise if it revisited £8-9.

Hurtling down now!

The trouble with these sorts of businesses is that the forward earnings can be unpredictable due to the nature of market volatility has such a big influence.

To be fair he makes some good points and when did you register on here?
I own shares here and it is hard to see much upside right now, middle of a pandemic, deep recession, Trump, Chinese rule etc

Well I don't believe in charts anymore than a crystal ball. Who says it can't still hit 1550? all shares have pullbacks on the way up and this is no exception. It's normal that hedge shares such as this and IGG get sold off during big market rises as the cash is moving back into other areas like airlines and travel stocks that have been severely beaten up - plus hasn't. All that being said I still think it is still fundamentally strong , but it is not a share for the faint of heart, perhaps you are a overexposed here.

Market is probably thinking the worst of the volatility is over, so going forwards this is less likely to make as much money. i'm still holding until the next business update as the next divi is likely to be juicy. This hit £20 a few years ago and then on the half year results it imploded because investors knew the bitcoin boom was over, even though it was a record half.

Don't forget the price of natural gas, it is still a disaster

mini spike up to 383. Somebody thought it was too cheap but lets see what happens when wall street opens

Buying at 370 is fairly comfortable I would think my average is £5.85 ! Did offload some at £5.50 months ago and should have sold all of them, but hindsight is a wonderful thing as they say. At least I only have 1000 left of the damn things.

That didn’t happen with the banks. When due dividends were forcibly cancelled the shares dropped sharply.

Don't know right now but I wouldn't rely on that 10% yield going forwards.

One of the worst performers in the ftse again. I'm starting to worry.

If they don't pay it is also seen as bad news as you point out. HSBC was ex-div and when cancelled under pressure from the PRA the shares slumped even though the cash was retained on the balance sheet. In short you cannot win. I bought these shares post dividend so i get nothing either way.

Certainly struggling today. My re-buy at 133 is not looking so clever now!

Yes I've held through thick and thin here. I was holding at £9 and should have taken some profits, then we got hit with profits warnings and Peter Hetherington quit as CEO and it seemed the whole world was against us!