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BBG..... what was the new article you were referring to? Your link seems to go to an old piece of news. Oh you just made it up? Don’t you think it’s a little bit unscrupulous to post made up , false and misleading information on an investment BB? Who are you hoping to influence, or are you as delusional as you sound?
Adieu... care to share what the great news just after the bell was? Oh you just made it up? Don’t you think it’s a little bit unscrupulous to post made up , false and misleading information on an investment BB? Who are you hoping to influence, or are you as delusional as you sound?
Maverick you do understand the concept of compound interest? 25 years ago, LGEN was circa £2. Today its £2.41. On the face of it, a shocking ROI. However, if you add in the effect of compound interest (at say only 5%, let alone 8%) you would have somewhere in the region of a 350% return if the SP had stayed at £2.
So if I invested £10k in 1999, I’d have been getting between £500 and £800 each year, for 25 years, and my original investment would be worth £12k.If I’d reinvested my dividends, I’d have around £40k. Have you seen what interest rates have been like for savers in the past 17 years?
Adieu.... are you aware of a tangible, coherent and funded plan to realise the value of the asset you keep banging on about? If you are, you my wish to share it here. Or better still, get a job on the board, who appear at a loss. Otherwise, please spare us long suffering holders your constant ramping of your two day old investment.
..... there might be 21 posters on here spreading fear. To what end? Just have a look at BBG posting history, and mine, then decide who you wish to filter, if anybody. FWIW, I claim to have been invested here since 2011, some 13 long years. As with investments, it’s also wise to DYOR before deciding who should be filtered, in order that you are sure you are getting a realistic and balanced view.
From today’s BHP RNS.....
A primary focus on financing presumes that the projects are ready and waiting. The reality is that the industry’s collective set of development options is modest by comparison with prior decades, with the well–known lack of discoveries, the depth and complexity of what has been found, and the lengthening catalogue of above ground risks and regulatory hurdles that confront project developers all add to the challenges of bringing additional copper to end–users in a timely fashion. Technological progress can help at the margin to improve the productivity of existing operations, but the binding geological realities feel like the stronger force for this decade at least.
In closing for this chapter, we reiterate our view that the price setting marginal tonne a decade hence will come from either a lower grade brownfield expansion in a mature jurisdiction, or a higher grade greenfield in a higher risk and/or emerging jurisdiction. None of these sources of metal are likely to come cheaply, easily – or, unfortunately, promptly.
.... due on Tuesday. January’s trading update provided much of the headline items, but I’m looking for some more detail on the US futures business, and an indication of their intentions regarding the cash pile. Probably a continuation of buybacks and an increased dividend, but I wouldn’t rule out a special divi. What do others think?
I for one really do not want to see any kind of fund raise again. Not without some realistic plan to monetise Cascabel with the cash. Raising $50 or $100 million in order to kick the can down the road even further, whilst continuing to enrich these muppets would be catastrophic for both my sanity, and the SP. Sadly, after all these years, it’s beginning to look like bid(s) or bust.
MassiveRay.... you say you’ve never stayed married to this share. Sadly I have. I’ve been seeking a divorce for a long time now, but sadly it’ll cost me to much. Therefore we are still living together but can’t stand the sight of each other.
M007j .... I would disagree; the brand, and the distribution agreements/contracts they have in place do have value. As such, I see this as both having potential in its own right, and the brand being very vulnerable to a bigger player taking it out at a premium. I’m therefore primed to jump back in. At these low prices, I consider it well worth a small punt for these reasons. I’m already burnt here though. It’s risky, I’d agree.
JDF7.... quite correct. Also true of most of the big institutions. They have these in there income funds, pretty much as a permanent feature. As a modest retired PI, I have these in my SIPP with no plan to sell ever, happily picking up the dividends as income. The capital I plan leaving to my kids.
This is the share that keeps on giving. Been in it for years. When I was approaching retirement, I moved much of my SIPP from what I regarded as growth shares into income ones, however couldn’t bear to part with BMY..... that appears to have been a good decision! I could see a special dividend as a possibility here, or share buybacks. Would prefer the special, as a policy of buybacks in other shares I have don’t appear to deliver the same benefit.