II Editor
20 Jul 2016
NEW ARTICLE: Trends and Targets for 21/07/2016 " ANGLO AMERICANÂ (LSE:AAL)Â The price of AAL bothers us a bit as, despite the shares status on the markets, from a Big Picture perspective it is now trading in a region with an ultimate drop ambition around Minus 45p. Last time we viewed this, ..."[link]
onewayticket
15 Jul 2016
Re: O/T WSG I first posted the below post about 6 weeks ago and no other posts in between#Just to point out its now started moving up from sub 10p lows and with an overhang cleared its probably got a lot further upward potential if you digest its area of business and what it is presently working on.I did signpost it and try to give people a heads up back then just as I am attempting now.The ultimate choice falls to you.Own due diligence.
onewayticket
03 Jun 2016
O/T WSG 2 RNS's there late doors to add to a recent significant Letter of Intent with a Middle easter Airport.Own due diligence.
r21442
01 Jun 2016
Re: Latest IC article put on wrong board - fat fingers <doh>
r21442
01 Jun 2016
Latest IC article Arbuthnot BankingArbuthnot Banking Group PLC (ARBB:LSE) (ARBB:1,597p), a company I included in my 2015 Bargain share portfolio, has announced the conditional sale of 6m shares in fast growing unsecured lender Secure Trust Bank (STB:2,650p) to realise £148m of cash proceeds after expenses.The share sale will reduce the company's stake in Secure Trust from 51.9 per cent to 18.9 per cent and means the bank's remaining holding of 3.43m shares is worth £88m at current prices. The disposal was made at 2,500p a share, representing a 10.7 per cent discount to Secure Trust's share price, and the purchasers of the stake will be entitled to the 165p a share special dividend previously announced, but not yet declared by Secure Trust, following the company's £235m disposal of its Everyday Loans business which completed on 13 April 2016.Having spun off Secure Trust on the Alternative Investment Market (Aim) in 2011 and retained a 75.5 per cent equity interest at the time, Arbuthnot subsequently sold 580,000 shares at a net price of 2,483p in December 2013 to raise £14.4m, and a further 1.041m shares at 2,400p in July 2014 to raise £25m. The latest share sale means that the company has realised £187m of net cash proceeds from the investment and still retains an equity stake worth £88m.The rational for the disposal is to reduce the holding to a non-controlling interest and recycle the cash proceeds in order to grow Arbuthnot's commercial and private banking operations. Seven weeks ago Arbuthnot appointed a new chief executive to its private banking arm and plans to develop services for clients in commercial real estate and professional services as part of an initiative to build a wider commercial banking business.However, the 3.43m shares retained by Arbuthnot will still receive Secure Trust's proposed special dividend of 165p a share, a sum worth £565,000. The company also banked a £519,000 final dividend of 55p a share from Secure Trust in early May and will continue to benefit from the company's progressive dividend policy. Secure Trust will now seek a listing on the premium segment of the London Stock Exchange which, given its market capitalisation of £480m, should put the company on the radar of more small cap funds including trackers. Arbuthnot shares undervalued To put the transaction into some perspective, it will lead to a consolidated net profit on disposal of £110m, or 719p a share, a hefty sum in relation to Arbuthnot Banking's last reported net asset value of 1,253p a share at the end of 2015. In other words, by my calculations Arbuthnot's pro-forma net asset value is now around 1,972p a share, or £300m, which means the shares are priced on a discount of 19 per cent to book value. That seems a harsh valuation considering that Arbuthnot still retains a £88m stake in Secure Trust and one that is hardly overvalued on a price-to-book value ratio of 2.1 times given that the company increased underlying EPS by 9 per cent to 170p in 2015 and analyst James Ash at Canaccord Genuity is expecting earnings growth in excess of 30 per cent in the current financial year. On this basis, Secure Trust's shares are rated on a modest forward PE ratio of 11.9 and offer a healthy 2.7 per cent dividend yield. Furthermore, Arbuthnot is generating decent growth of its own. For instance, private bank Arbuthnot Latham increased profits by two thirds to £6.1m in 2015, a performance that reflects a substantial increase in new clients opening accounts, an improved outcome from its Dubai office, a contribution from the Dunfermline Building Society residential mortgage book, acquired from its administrators in December 2014, and the benefits of hiring more private bankers. Arbuthnot Latham was also well funded for future growth even before the Secure Trust share sell-down: customer deposits of £897m at the end of 2015 supported customer loans totalling £619m, implying a loans-to-deposit ratio of 69 per cent, and suggesting
II Editor
05 May 2016
NEW ARTICLE: Mining sector: 'buy' or 'sell'? "With Chinese economic growth slowing down, but plenty of commodity supply sloshing about, the largest mining sector rally in five years is at risk of unravelling fast. The market, however, remains difficult to predict, and a rally in 2009 in ..."[link]
II Editor
28 Apr 2016
NEW ARTICLE: Anglo American windfall cheers City " Two months ago, mining heavyweight LSE:AAL:Anglo American began a mammoth mission to cut its portfolio by two-thirds to shore up the balance sheet and create a profitable business throughout the commodity cycle. It's why an agreement to sell its ..."[link]
farmerdave
22 Apr 2016
AGM statement Looks good a Feb spot fx and commodity prices - given rise of prices since then there should be a series of positive news reports coming in the next 6 monthsFD
popes11
21 Apr 2016
Re: Holding up Spoke too soon. Stop loss triggered . Out with a profit which is excellent considering the size of my loss not so long ago at 215p.
popes11
21 Apr 2016
Holding up AAL holding gains well after todays positive RNS. After taking out the 700p I think we are on the way to 1000p as next target.
popes11
20 Apr 2016
Re: UBS Reiteration SELL 400.00 I stopped averaging down around £5. At £2.5 I was ready to fling in the towel. Well in profit now.
FazBarbican
20 Apr 2016
Re: UBS Reiteration SELL 400.00 Popes11 your RIGHT, I should have bought more when in February!!
popes11
19 Apr 2016
Re: UBS Reiteration SELL 400.00 fact is AAL is around the 700p mark so UBS have not got a clue. Loving the recovery in share price.
Nobblynick
13 Apr 2016
Re: Holding @ 280 1st Feb Holding, but only a few thousand involved so am in it for the ride. Yeeeehhaaaa
xTitanic
13 Apr 2016
Re: Holding @ 280 1st Feb Now knocking on the door of £7.Those that got in at £2.50 - are you still in or has the profit bug bitten?
