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Burwood

18,709 posts

246 months

Sunday 18th February 2018
quotequote all
Countdown said:
What do people think about Centrica or National Grid?
National grid is a cash machine. Some Corbyn risk remains but nice dividend, even if earning are down a bit due to caps etc.m

bad company

18,601 posts

266 months

Sunday 18th February 2018
quotequote all
Burwood said:
Countdown said:
What do people think about Centrica or National Grid?
National grid is a cash machine. Some Corbyn risk remains but nice dividend, even if earning are down a bit due to caps etc.m
I agree with that. I hold National Grid for the yield but keep a stop loss in place just in case the Corbynista’s suddenly come to power.

Centrica is even more at risk of Nationalisation and the yield is very vulnerable, they are haemorrhaging customers. Not for me.

supercommuter

2,169 posts

102 months

Monday 19th February 2018
quotequote all
bad company said:
Burwood said:
Countdown said:
What do people think about Centrica or National Grid?
National grid is a cash machine. Some Corbyn risk remains but nice dividend, even if earning are down a bit due to caps etc.m
I agree with that. I hold National Grid for the yield but keep a stop loss in place just in case the Corbynista’s suddenly come to power.

Centrica is even more at risk of Nationalisation and the yield is very vulnerable, they are haemorrhaging customers. Not for me.
Has anybody done the maths on privatisation of these industries? Surely it is a crack smoking dream?

bad company

18,601 posts

266 months

Monday 19th February 2018
quotequote all
supercommuter said:
bad company said:
Burwood said:
Countdown said:
What do people think about Centrica or National Grid?
National grid is a cash machine. Some Corbyn risk remains but nice dividend, even if earning are down a bit due to caps etc.m
I agree with that. I hold National Grid for the yield but keep a stop loss in place just in case the Corbynista’s suddenly come to power.

Centrica is even more at risk of Nationalisation and the yield is very vulnerable, they are haemorrhaging customers. Not for me.
Has anybody done the maths on privatisation of these industries? Surely it is a crack smoking dream?
If the ‘ Corbynistas’ get into power they can pay what they want. That’s the danger.

emicen

8,587 posts

218 months

Monday 19th February 2018
quotequote all
bad company said:
supercommuter said:
bad company said:
Burwood said:
Countdown said:
What do people think about Centrica or National Grid?
National grid is a cash machine. Some Corbyn risk remains but nice dividend, even if earning are down a bit due to caps etc.m
I agree with that. I hold National Grid for the yield but keep a stop loss in place just in case the Corbynista’s suddenly come to power.

Centrica is even more at risk of Nationalisation and the yield is very vulnerable, they are haemorrhaging customers. Not for me.
Has anybody done the maths on privatisation of these industries? Surely it is a crack smoking dream?
If the ‘ Corbynistas’ get into power they can pay what they want. That’s the danger.
Indeed, the proposal I recall seeing was that government bonds would be exchanged for shares in the company so it would be “cost free”

http://www.bbc.co.uk/news/uk-politics-43014861

So if we simply ignore the addition of £90bn of national debt and assume the coupon will be covered by operating profits, yes, it will be cost free.

supercommuter

2,169 posts

102 months

Monday 19th February 2018
quotequote all
emicen said:
bad company said:
supercommuter said:
bad company said:
Burwood said:
Countdown said:
What do people think about Centrica or National Grid?
National grid is a cash machine. Some Corbyn risk remains but nice dividend, even if earning are down a bit due to caps etc.m
I agree with that. I hold National Grid for the yield but keep a stop loss in place just in case the Corbynista’s suddenly come to power.

Centrica is even more at risk of Nationalisation and the yield is very vulnerable, they are haemorrhaging customers. Not for me.
Has anybody done the maths on privatisation of these industries? Surely it is a crack smoking dream?
If the ‘ Corbynistas’ get into power they can pay what they want. That’s the danger.
Indeed, the proposal I recall seeing was that government bonds would be exchanged for shares in the company so it would be “cost free”

http://www.bbc.co.uk/news/uk-politics-43014861

So if we simply ignore the addition of £90bn of national debt and assume the coupon will be covered by operating profits, yes, it will be cost free.
Dear oh dear.

Burwood

18,709 posts

246 months

Monday 19th February 2018
quotequote all
Except is typical labour Math. Why do they want to nationalise these assets? Well, to lower the price to the many not the few. Ergo, the profits will also move from many to few. Queue tax rises to pay the bond coupon.

bad company

18,601 posts

266 months

Monday 19th February 2018
quotequote all
Burwood said:
Except is typical labour Math. Why do they want to nationalise these assets? Well, to lower the price to the many not the few. Ergo, the profits will also move from many to few. Queue tax rises to pay the bond coupon.
Some of us remember the last time labour were in power and spent/wasted all the money. Hopefully this time it just won’t happen but we have to be aware of the risks.

010101

1,305 posts

148 months

Monday 19th February 2018
quotequote all
Burwood said:
Except is typical labour Math. Why do they want to nationalise these assets? Well, to lower the price to the many not the few. Ergo, the profits will also move from many to few. Queue tax rises to pay the bond coupon.
Nationalised industry and profit are mutually exclusive,

WindyCommon

3,378 posts

239 months

Tuesday 20th February 2018
quotequote all
Following the long awaited release of results from its Broadford Bridge site, former forum favourite UKOG halved(!) from an intraday high of 3.55p. Currently trading at 1.85p.

alistair1234

1,131 posts

146 months

Wednesday 21st February 2018
quotequote all
Anyone in Zioc? Heard pretty good things about it but twitter is awash with people saying it will be in the £'s when the news is announced. I know normally there is ramping, but this one seems to get more than i've ever seen before.

Only got a few hundred £'s worth myself.

supercommuter

2,169 posts

102 months

Wednesday 21st February 2018
quotequote all
alistair1234 said:
Anyone in Zioc? Heard pretty good things about it but twitter is awash with people saying it will be in the £'s when the news is announced. I know normally there is ramping, but this one seems to get more than i've ever seen before.

Only got a few hundred £'s worth myself.
I have a few £k worth averaged down now to about 11p now. There are some clowns on twitter, I do not even look on there.

5th biggest high grade iron ore mine in the world, proven resources, mining license etc all sorted.

Usual issue - it is in the middle of nowhere, transportation of the ore is going to be a challenge.

That said Pointe Noire has obtained fresh development for a deep water dock which could accommodate the ships required.

There was a Glencore announcement today and we were all expecting some announcement to sell off of the mine as they own 50 percent of it (+1 share). It did not even get a mention so stock has stayed where it is.

ZIOC will release an RNS in the next few weeks. IMO this will fly, but could take 5 years. I am in for the long term.

P.S - I work in IT and just invest here and there, win some lose some, I probably don't know what I am on about so DYOR etc

Kingdom35

938 posts

85 months

Wednesday 21st February 2018
quotequote all
supercommuter said:
I have a few £k worth averaged down now to about 11p now. There are some clowns on twitter, I do not even look on there.

5th biggest high grade iron ore mine in the world, proven resources, mining license etc all sorted.

Usual issue - it is in the middle of nowhere, transportation of the ore is going to be a challenge.

That said Pointe Noire has obtained fresh development for a deep water dock which could accommodate the ships required.

There was a Glencore announcement today and we were all expecting some announcement to sell off of the mine as they own 50 percent of it (+1 share). It did not even get a mention so stock has stayed where it is.

ZIOC will release an RNS in the next few weeks. IMO this will fly, but could take 5 years. I am in for the long term.

P.S - I work in IT and just invest here and there, win some lose some, I probably don't know what I am on about so DYOR etc
Ive been watching this share price the last few days.

Out of interest where do you obtain your information from?
Ive been looking at the lse share chat and there are some very informative people and some less informative clowns just like on twitter.

I may dabble in this share also. Hovering around 15p at present.

supercommuter

2,169 posts

102 months

Wednesday 21st February 2018
quotequote all
Kingdom35 said:
Ive been watching this share price the last few days.

Out of interest where do you obtain your information from?
Ive been looking at the lse share chat and there are some very informative people and some less informative clowns just like on twitter.

I may dabble in this share also. Hovering around 15p at present.
amongst the idiots on LSE there is some very in depth research that has been put into the chat thread on there, I for one have obtained a lot of useful research pointers from there that I have then followed up.

There are lots of mining publications (mining weekly) online that cover this in great detail, often in french so have Google translate handy!

FredClogs

14,041 posts

161 months

Wednesday 21st February 2018
quotequote all
See UKOG post 3 up then look back on these pages 6months or so, ZIOC is, in my opinion, a similar stock, priced on pure speculation rumour and ramping. Congo is in a period of higher than normal social unrest and full blown civil war in the north and that's a high bar because at the best of times the territory is a complete clusterfk. Good luck i wouldn't invest anymore than you'd be happy to lose.

supercommuter

2,169 posts

102 months

Wednesday 21st February 2018
quotequote all
FredClogs said:
See UKOG post 3 up then look back on these pages 6months or so, ZIOC is, in my opinion, a similar stock, priced on pure speculation rumour and ramping. Congo is in a period of higher than normal social unrest and full blown civil war in the north and that's a high bar because at the best of times the territory is a complete clusterfk. Good luck i wouldn't invest anymore than you'd be happy to lose.
Completely different IMO, it is a proven resource with a mining license?

Yes, there are challenges...location and civil unrest. It could go either way, like the rest of AIM stocks, but IMO this has the underpinning credentials that will, at some point, come through.

Nevertheless, I agree with your statement, some people are balls deep on this with their whole SIPP etc gambling on it. I would not be that confident.

Gamble what you can afford to lose, like you would in any other casino...welcome to AIM smile

Kingdom35

938 posts

85 months

Wednesday 21st February 2018
quotequote all
supercommuter said:
amongst the idiots on LSE there is some very in depth research that has been put into the chat thread on there, I for one have obtained a lot of useful research pointers from there that I have then followed up.

There are lots of mining publications (mining weekly) online that cover this in great detail, often in french so have Google translate handy!
Agree its sieving through the BS that's a pain but then its like everything, sometimes you receive a piece of advise which is fruitful.
Thanks for the pointer with the mining publication.

Greshamst

2,067 posts

120 months

Wednesday 21st February 2018
quotequote all
It's been very quiet on here for forum favourite Motif Bio...

When's it due to go to the moon?

NRS

22,182 posts

201 months

Wednesday 21st February 2018
quotequote all
supercommuter said:
FredClogs said:
See UKOG post 3 up then look back on these pages 6months or so, ZIOC is, in my opinion, a similar stock, priced on pure speculation rumour and ramping. Congo is in a period of higher than normal social unrest and full blown civil war in the north and that's a high bar because at the best of times the territory is a complete clusterfk. Good luck i wouldn't invest anymore than you'd be happy to lose.
Completely different IMO, it is a proven resource with a mining license?

Yes, there are challenges...location and civil unrest. It could go either way, like the rest of AIM stocks, but IMO this has the underpinning credentials that will, at some point, come through.

Nevertheless, I agree with your statement, some people are balls deep on this with their whole SIPP etc gambling on it. I would not be that confident.

Gamble what you can afford to lose, like you would in any other casino...welcome to AIM smile
Surely if it is really proven then the price would be a lot higher? I have seen a lot written about "proven" resources on AIM stuff that is nothing like proven by the technical definitions. It's often just a bunch of pump and dump news releases by the owners who sell most of their stuff on a high, before collapsing the company and starting a new one.

supercommuter

2,169 posts

102 months

Wednesday 21st February 2018
quotequote all
NRS said:
supercommuter said:
FredClogs said:
See UKOG post 3 up then look back on these pages 6months or so, ZIOC is, in my opinion, a similar stock, priced on pure speculation rumour and ramping. Congo is in a period of higher than normal social unrest and full blown civil war in the north and that's a high bar because at the best of times the territory is a complete clusterfk. Good luck i wouldn't invest anymore than you'd be happy to lose.
Completely different IMO, it is a proven resource with a mining license?

Yes, there are challenges...location and civil unrest. It could go either way, like the rest of AIM stocks, but IMO this has the underpinning credentials that will, at some point, come through.

Nevertheless, I agree with your statement, some people are balls deep on this with their whole SIPP etc gambling on it. I would not be that confident.

Gamble what you can afford to lose, like you would in any other casino...welcome to AIM smile
Surely if it is really proven then the price would be a lot higher? I have seen a lot written about "proven" resources on AIM stuff that is nothing like proven by the technical definitions. It's often just a bunch of pump and dump news releases by the owners who sell most of their stuff on a high, before collapsing the company and starting a new one.
Glencore would argue it is proven. They spent a few hundred million on sorting that and own a 50 percent stake plus one share.

Chinese demand for high grade iron ore could mean a buy out - but that is the holy grail of results.

Maybe I have read so much bullst I have started believing it, maybe not. It is worth a punt in my opinion as it has a potentially massive upside. Worst case I lose a few quid, best case it is a multi bagger.

I believe the BoD also bought a load of shared back at a significantly inflated price, which is not your usual pump and dump.
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