The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
JF,
'the Executives and the Chair have the full and unanimous support of the entire Board.
We hope that this addresses your questions.'
ENTIRE BOARD ! Is this a subtle hint to say Crystal Amber are not unhappy with progress so far????
Eski,
Remember it is always darkest before the dawn. Keep calm and be patient. For all we know this may be the bottom. I better add DYOR to that suggestion.
Corryvreckan1.
Thanks for the court order filing info. Looks like it has brought a bunch of buyers into the market.
JF
I've been wondering something similar about 8.3 and 8.5 forms. Although the value traded doesn't seem much, Stifel were buying and selling until 10th January but since then have only been buying (over 1m shares in last three days).
Good purchases. Today's BoE statement (re:shallow) recession helped most REITs. To see why the government and BoE are pretty confident about this improved outlook, check two charts - UK MoM inflation and UK Natural Gas price. The Month on Month inflation figures look to be declining steadily apart from jumps in April 22 and October 22 when utility price rises happened. The Natural gas price is less than 60% of the price when Putin rolled into Ukraine so there is no reason to expect the same sized inflation jumps this year. An April 23 utility price jump will only happen because of the forward purchases that utility companies make and a weak government regulator. By end of 23, expect annual inflation to be around 5%. So 'buy on dips' may be a good strategy this year.
Currently it's Yes 9 No 23.
So the Yes vote looks to have lost again.
Is this a 'once in a generation vote' ?????
:-)
YES
8 v 13
The last couple of days a decent sized sale has appeared around 14.45. The market maker is dropping the price each day to clear this stock. Best to sit on our hands until these sales stop then top up because the dividend is rather enticing.
Thanks boz,
I missed the change announced in July. Obviously mere shareholders don't merit monthly updates now that the bondholders have been paid.
Thanks SR.
Does anyone have any idea of the normal time gap between an uplift and the Op and Financial update RNS. The last uplift took place on 11th October (estimated by Laserdisc on another platform to be approx 520k barrels). Will that reference the POO from the 1st 5 days of this month?
Looking at RNS announcements over the last year or so it seems to me that the 'Operational and Financial Update' is a little late this month. Bearing in mind what CRS said in their 30/9 'Update on Shareholder Returns' about HUR having approx £82m at 31/7 and CRS needing cash to add to its EQLS amount to pay its promised 60p divi (now late), can we expect a special divi announcement from HUR in the next few days???
Doing the maths based on current NAVs of the two companies, it looks like a reasonable deal for HGL shareholders and there are benefits for the combined entity too.
Maybe the purchaser will show their hand in a couple of days via an RNS.
Ctw2014, Agree with you 100% again. They seem to be quite conservative with the new NAV e.g. full provisions of £5.47 against loans to unrelated parties. Hopefully some / all of this will be recoverable at some stage. Also, I like the revaluation of Liftforward which has been done in 2016. It shows that NAV adjustments can be positive as well as negative. Sounds like we have a solid foundation on which to build. Wish I could attend the EGM at the end of the month.
Ctw2014, Agree 100% with you. I'm mystified as to why the share price is in the twenties and Somerston is committing to buy a chunk at 37p. If they believed that 37p was good value last month, then at 28.5p I reckon it's 'fill yer boots' time. If the NAV holds up tomorrow, then IMHO I think the directors will be dipping into their pockets if not immediately then definitely after the egm later this month.
Sad to see Geoff go - one of the good guys. Looks like he's been outflanked by an opportunistic investor (Somerston) and Whelan. The refinancing should stabilise the company and share price and lay the foundations for a profitable future. Pity we've lost 50% of GLIAM for £250k - an absolute steal for Somerston given it's potential. Although the dividend has been cut - it was unsustainable after the switch away from the US loan investments and into the alt-fi area anyway - we have clarity on future dividend policy starting at around 7% which isn't bad. In summary, I see no reason to sell my holding and if anything will be looking to top up over the next couple of days as retail punters are shaken out.
Anytime mate. Best of luck with GDG GDL and all your investments. TC
IMHO, GDL will come up against stale bulls from its price slide a couple of years ago all the way up through the 20p-40p range. My near term target is to see it through previous tops around 23p-24p. However, the potential of the share is great (hence talk of 70-80p by Roobans) and it's an ideal candidate to tuck away in next year's ISA. There may well be a wave of ISA buying on Monday morning by like-minded individuals. As ever, DYOR + GL.
I don't doubt your maths when we look at cash only. IMO, other companies may value the asset of the 'highly mineralised' ball mill scats and be willing to buy them or buy LRL. (See my previous note on valuations). In any case, some action must occur with LRL, be it a takeover, merger or fundraising before it can start to move forwards in a meaningful way. Do we know the management team for LRL post-split? TT
Debsi, the price dropped because the cash has been moved out of LRL and into the new energy entity which you'll be able to trade from the 23rd. See my previous note as to why I believe people saw value in LRL today. The new energy entity will have cash of around 8p per share in it so judging by the value the market placed on the old LRL, the new energy part will open below cash value at say around 7p. However, morale amongst PIs has been low for a few months on this one so any positive announcement may see the price jump. Best if you go to the Leyshonresources.com document archive, burn the midnight oil and make your judgement. Be lucky. TT