You have to smile Consultants $301k. One of which is consultant to RMP Tony King, Tony King of Seventy three Pty, Good to see he is ploughing it back into the company though. He needs to be sure the company will keep going for a whileConsultants costing more than employee and directors. Looks like a company that hasnt got a clue what it is doingTravel $119, shocking. Would love to see those receiptsDoes it look like the company are following a good corporate strategy of looking for a cheaper option flightWrite downs and impairment, but can't be fully audited because of paperwork not being available. Where have we heard that beforeWasnt so long ago that we heard we had made a loan to another company, Was that Highfield? Told us that after it was paid backI note there is still no mention of the subsidiary Century Red. Noted the front page of report states Red Emperor and controlled entities. Is it not a requirement for these companies to be up front with the subsidiaries?Doesn't seem good corporate governance for any company to have subsidiaries and not be able to see traceablity of funds going from one to the otherGreg Bandy will soon become another one of AIMs pariahs if he isnt seen to be earning his money. Theres nothing in this lot that says he did any work. Not with a consultantancy bill like that. Someone may have been putting in some work, but it wasnt himthe by, I see Patersons had a sharp rap from Supreme Court of Australia. Hope to goodness they hadnt been investing clients money in RRL and RMPwww.decisions.justice.wa.gov.au/Supreme/supdcsn.nsf/PDFJudgments-WebVw/2015WASC0321/$FILE/2015WASC0321.pdf
share placing Short term disaster for the share price.Longer term great news as debt disappears and the company is on a more secure basis - With Henderson converting £3M of debt to equity, any suggestion that they might have put the company into liquidation or some other insolvency route is hugely remote. And Henderson, if I'm not mistaken, are the largest debtor, having bought out the banks.
underpinned at 2p due to cash expected throughout 2016 of £45m. £88m underpins 3.97p these are with nothing factored in for the actual business
why would RRR / RGM merge - much too much money to be made and games to be played by AB AND
Re: W T actual F amazing! f'ing amazing.
the economic cycle points to new major players emerging from beat up larger companies who overspent in the good times. imho Wres is emerging and could be a giant in a couple of years
Four hits, possibly four sour oil/gas finds
Re: MSMN Stream Log why are 'buys' being shown as 'sells'? It is confusing for someone who has only just started doing this.
W T actual F so after the in profit last update why the heck have they just put a placing for 300kand just as some people were starting to get some faith back in this lot
its coming back boys
another 40k purchased today taking holding to 500k woop woop this is a long term hold until it it taken out by a big co wanting access to this market
Re: have I missed something? " Canaccord Genuity has upgraded its rating on Phoenix Group Holdings (LONHNX) to buy from hold, which it stated was primarily based on its M&A prospects. " Ha! That's a carp reason to buy if ever I heard one. PHNX will have to fall a fair bit to get me to jump onboard. I hope it does though, to make a good entry point for a long term buy and hold, not speculative upside because of M & A which may or may not ever happen.
on the slide Oh dear! Things have been heading south since June.maybe I should have heeded the old 'sell in May and go away' proverb.Let's hope VCT gets over the general China induced slump soon.
Re: Where are all our UK companies going... Thanks FRTEB, you're right that a decent amount of FTSE350 companies derive their income overseas, so that's an advantage I agree. I just wish there was more and we didn't keep losing some jewels like Catlin (which I held pre-takeover). Like you, I am a dividend income seeker and like to have a number of 6%+ payers, well covered, that can increase those dividends gradually. Not easy to find! (My main ones are NG., IMT, HFEL, NCYF, CLIG, CSN, MLIN, RDSB). You're also spot on about diversification. I'm less diversified than I was a year ago but that's mainly because I have been accumulating cash for a house move and will use further funds coming later to re-diversify. I follow various boards on here and, yes, there a few people who I fear put too much into just a few companies and leave themselves exposed. Are you referring to a poster on TSCO perhaps? If so, I think I know of the chap you refer to and also felt for him as he saw his funds halve. But that's why you don't do it. As a PI, I would aim to hold approx. 20 companies across a least a dozen sectors. Most are income payers primarily with good records. I'm also weighted more towards the most dependable payers such as NG. and NCYF. I used to say the same about RDSB but am getting a touch nervous about the dependability of its dividend!There aren't too many high-divi paying non-life insurers left to invest with. LRE in my opinion is paying out too much of its money. ADM and DLG are solid on the domestic lines front I suppose (DLG has been great but may have peaked). CSN is a solid life insurer but is a bit expensive now. As for other sectors I am struggling:Oilers: Very uncertainMiners: Even worse!Retail: Too competitive Banks: Waiting for the Great Chinese Meltdown from its shadow banks and debt levelsI am still searching! Any thoughts or suggestions are welcome. Lastly, I have a couple of speculative AIM investments where I am gambling on a large capital gain (PRG and GFM. The former could be a multi-bagger for the brave, but equally might achieve nothing). Good luck!Guitarsolo
Re: CVR TEOSWhat you are referring to, I believe is just a book-keeping exercise. My online holding was also with HSBC. Early this year, or late last year, my address in the UK was sent a letter giving me the option to change my holding to a certificated holding because HSBC said their system could not accommodate the terms of the CVR. Of course I was in China, and knew nothing about it until I came back to UK and it was too late.After I returned I sent a message to them asking if I could still transfer, and eventually got a reply saying that the registrars reply was in the negative because the FTO shares no longer existed. However they still displayed them in my portfolio, obviously because of the CVR. Maybe because of my query, but anyhow, they deleted them from my portfolio on 6August under title "Stock removal Scheme, but then re-enterd them on the same day as "Scheme".I am guessing this is what you are referring to. IMHO nothing of great significance.Kind regards
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