Member Info for TrekMadone

Me to! Got 6000 at 74.98p, will show in a minute.

I just can’t believe the price by any stretch of the imagination.

It’s even worth buying now to hopefully sell into news!

Usual caveats

Trek

That’s it 10p defo gone now and imo cheap at twice the price!

Now gotta take the dog out!

Trek

Made Alliance news…

“ On AIM, meanwhile, gold development company Goldstone Resources jumped 21%. The operator of the Homase gold mine in Ghana reported decent progress from the asset since it came into production earlier this year.

In the year to date, Homase has produced and sold 1,717 troy ounces of gold, at an average realised price of USD1,907 per ounce.

For 2022, it targets output of 20,000 ounces.”

That’s read by lots in the industry!

https://www.lse.co.uk/news/london-market-open-european-stocks-drift-lower-in-cautious-start-pdeweid80b74f66.html

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Trek

Alamo,

There’s always another narrative. If Putin goes (hopefully) then gold may retreat a little but that doesn’t remove the double supply side shock that is driving inflation. So POG comes back up due to the delta on the US 10 years and inflation which is current approximately negative 6%!

Putin in or out won’t change that anytime soon.

Then add up all the infrastructure and metals needed to build Ukraine!

Think deeper…!

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Trek

Sure did Bilko!

Also grabbed another lot on the inevitable pullback at 9.48p! Couldn’t buy more earlier as didn’t have cash.

Fortunately I am up on the story reasonable well and have kind of been expecting an opportunity like this.

Nice for us PI’s to get one up on the MM’s. Don’t happen often enough! Lol!

Looks like a good day today across the pf today.

Out to enjoy the sunshine and expecting or rather hoping for a +10p close!

Usual caveats

Trek

Do we bank a +20% quick profit?

Nope this has a run due above 10p imo.

Earl two sides to every story. Recoverability factors, finance risk etc….gold in ground does not equal 100% $’s!

also China buying Russian Gold and the stink paying for gas in rubles is causing atm and India buying Russian oil probably with our foreign aid!

Even Turkey part of NATO has refused embargoes on Russia and is buy their weapons.

So no Russian gold isn’t stuck. Just what they want you to believe!

Interesting reply on LND to your posts! Lol!

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Trek

Grabbed a few at the bell and can now see my trading history on ii.

I first bought in July 2020 for 6.38p and later sold in Feb 2021 for 11.8p!

Now just bought back first tranche was at 8.2363p!

Just shows what a crazy market this is.

Look at what GRL have achieved operationally and on the debt front since and look at the POG!

This sector is overdue a major rerate imo.

Anyone else looking for ‘undervalued’ producer explorers GCAT is worth a look. Stock overhang atm which will clear very soon imo.

Good luck with your investments

Usual caveats

Trek

Well well what a turnaround! I was in here early on and sold at around 12p over the finance concerns since addressed.

I should have bought back in earlier but been busy elsewhere.

Very impressed with the pace that they have turned this around!

Enjoy the ride back up today guys. Those that have stick with this are due a break!

I may grab a few. See how it goes.

Good luck with your investments

Trek

Ok apologies,

Anyways 428k shares smoked!

That’s quick out of the blocks!

Usual caveats

Trek

Hi clued,

I don’t pay income tax anymore.

All of my investments are in an ISA. I started with a little now have a good holding and left work at a very young age having been fortunate reading tea leave with covid stocks and having picked up ARB at 4.3p and sold all the way up to 160p.

All my previous holdings bar income stocks are now significantly lower than when I sold them. Hold and hug from my experience seldom works.

I trade but I don’t bash. Just call it as I see it.

Good luck with your investments.

Yes agree plenty more to come here!

Trek

Trek

Tavernam,

It is rationally accepted (that means I don’t have a quote!) that inflation is good for life insurers and not good for non life insurers.

I say that thinking it through….

Non life is asset based which is subject to inflationary pressures.

Non life…

Your car replacement costs more. The rebuilding costs of your house is more.

So a new for old policy could be out of pocket based on a period of high inflation since your buying of the policy and of course the competitive pricing pressures from when the policy was initially sold (peer cheapness) to when you claim!

Ok…

So Life insurance or life based policies like Phnx tend to be indemnity based or related to index linked assets which by their very nature are intended to protect against inflation…..

Indemnity based….

So if it’s an I die and I get a 100k policy. Then that 100k becomes less as time moves on from when I bought the policy and inflation eats not only into the 100k but it also reduces the value of the standing amount.

However, the underlying ‘safe’ investments made to cover the asset like bonds outperform the policy. So that results in a profit for the insurer and more than covers the percentage of claims that may be ‘in the money’!

Many static payment policies that you see like £10 a month for £10000 towards your funeral as long as… bla bla actually end up as virtually worthless… I hope I haven’t offended anyone but happy to discuss.

If that 100k is tied to the RPI /CPI so it becomes 104k, 108k etc then there will always be an interest rate (RPI) factor tied to the premium so your monthly costs will also increase.

The policy will be geared to pass inflationary costs on to the consumer!

So yes an index linked policy is a better policy but for an insurer that is dealing in policy scale you are talking about how many policies per 1000 result in payment and of those claims how many are successfully based on the T&C’s that we all signed up to!

Self employed sickness payments are perhaps the most illustrative of the extremes where you pay a fortune for the policy. Then you need to be off sick for three months without earning before you can claim. After that you can then jump through numerous hoops to get a payment!

I could go on but the gist is investing in well run life insurers is a good bet. As inflation rises the tendency is so do interest rates which increases margins.

Usual caveats

Trek

Paul,

You are correct to have reservations. Whilst the buyback shares other than those earmarked for employee incentives will be cancelled it can be argued that….

Negatively….

Buy backs just enhance, artificially, EPS and therefore enhance director remuneration of which EPS is usually a key metric.

It is a soft option compared to accretive inorganic growth!

It defines a business that has matured in a market that is mature and out of ideas!

On the plus side…

It underpins the divi making it more affordable.

It demonstrates a strong balance sheet, debt managed, FCF to spare!

It tells the market that the best place to invest is in ourselves coz we think we are cheap!

That’s off the top of my head. Pick your narrative!

Fwiw. I am very fortunate as I bought these low sold at 205 and filled my boots at 169 on the drop from memory so I now get a +10% yield and have a +20% capital gain so atm there is nothing to think about!

But if I were in higher I would be paying a lot more attention to the new business growth and ARR as EPS could be a bit of a headline frig later! Watch those underlying growth numbers!

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Trek

Hi LayLadyLay,

Yes it is a small % for the employee offer but they are not being cancelled from treasury. They are being earmarked for onward employee distribution from treasury…

“ Ordinary Shares acquired by Goldman Sachs will be simultaneously on-sold by Goldman Sachs to the Company. The majority of the Ordinary Shares purchased under the Buyback will be cancelled. The remaining Ordinary Shares will be held in Treasury and then transferred to the Company's Employee Benefit Trust to satisfy obligations arising from awards and options granted to employees under the Company's employee share plans.”

RNS 24/3/21

Note words REMAINING and TRANSFERRED.

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Trek

In my opinion, this needs someone to move first. Only then will the so called FOMO kick in!

I think potential suitors are grinding atm. Each potentially unaware of the other. Each with cash trying to screw us as much as possible.

Until one candidate breaks the line we are stuck, time stands still until then.

Our SP consolation prize is that TA has 20p as a very strong support. I really don’t see it going below that.

If it hasn’t already sunk in. It’s time to play one off against the other. A first card needs to be shown and then we will be taken seriously by the market.

We need to work on that catalyst to draw an offer. Then the ball is rolling.

Open offers followed by a closed bid is what can hopefully follow.

So wind it back. How many suitors? What does it take to flush one out.

That’s where we are imo. But obviously my guess is solely based on the current silence and my ancient negotiation experience which is likely a million miles off!

Catbert,

Thanks for your contrarian posts. Whilst I don’t agree, or is that my hubris and I don’t want to agree! Respect! Thanks.

UR, as always, I respect that as a significant holder you can be constructively critical, don’t need to ramp and of course you are well entitled to be pragmatically bullish!

I just respect posters that call it as they see it! There aren’t many on these BB’s!

Good luck with your investments,

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Trek

Dividends won’t be compromised. It’s pretty central to the business plan. These guys walk the walk!

‘ Purpose
Financing investment in natural resources to enable a sustainable future

Strategy
To become a leading natural resources company through investing in high quality projects in preferred jurisdictions with trusted counterparties, underpinned by strong ESG principles

Anglo Pacific is the only non-precious metals royalty and streaming companies listed on the London Stock Exchange (APF) and the Toronto Stock Exchange (APY) investing in high quality projects in preferred jurisdictions with trusted counterparties, underpinned by strong ESG principles.
With a diversified portfolio of 16 assets across five continents and 10 commodities, its business model provides investors with a de-risked exposure to the mining sector.

Anglo Pacific has a strong balance sheet and uses its free cash flow to grow its portfolio and pay dividends.“

Usual caveats

Trek

Always worth splitting across both if unsure. I managed to time both on the dip. MNG has been incredible I get 10.33% yield and and +20% up in a couple of weeks! Very unusual for a large cap that but the numbers were always going to be good.

They didn’t have the exposure to China as feared and very low Russian exposure (I posted earlier). Also now benefiting from rate rises.

DLG have a new IT platform coming on stream, it will save money and be more customer centric. Having sold earlier I was fortunate to buy back in lower on the recent dip below 260p.

Interestingly I just renewed my home insurance. Went through the numbers, cost, cover what legal cover actual is and Privilege came out on top for my wishes - hands down!.

You are still getting +8% here and even if they do have to cut which the market seems to think is on the cards. I think if that was the case it would possibly be the divi after. They’d could ride a set of numbers first. But if they cut it would still likely yield 5% and I don’t think the SP would collapse. It also doesn’t make sense to buy shares then cut the divi. Also buying shares makes the divi more affordable.

The brands and depth of cover that DLG offer sets it apart for me and the pf price is very competitive.

I think this one will recover if macro behaves and punters could be bagging +8% and the chance of capital gain!

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Trek

For sure been a good turnaround here. I have been fortunate, exited with a small profit and bought back in at around 208 average once I was more comfortable with the share register.

Looks like the market is giving us some recognition now and all important volume is ticking up!

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Trek

Absolute ‘no brainer’ buying this one especially sub 250p. The results were a beat and the market was asleep.

A 10% of equity buy back is huge! They will struggle getting the liquidity each day to fill the buy back orders.

For sure 300p very soon even just on TA as I posted earlier.

Buyers now can still bag a +9% divi.

But wait for the next set of results. I am an active trader and some days I have been doing +25 trades in a day. That’s more than a weeks worth of trades in a day pre the ‘war criminal’!

Gonna have some huge numbers here!

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Trek

Thanks max,

Looks like it may be turning. Can buy max 150k before nt can take 500k in one hit now on ii!

Not been liquidity like that for ages here.

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Trek

Take out the technical blip and nickel is still on a roll esp since March. Likewise cobalt and uranium. Uranium is a good way to play the nuclear element of the FAANG 2.0 rotation that merril lynch is pushing.

You can see the commodity prices here

https://tradingeconomics.com/commodity/cobalt

And APF pf here although I think it’s probably shifted a little since.

https://www.anglopacificgroup.com/portfolio/

Also still getting a +5% yield here, well covered and should increase on the back of metals prices or even a special divi.

Usual caveats

Trek