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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Archipelago Res | AR. | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 57.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 57.75 | 57.75 |
| Top Posts |
|---|
Posted at 30/4/2020 15:06 by cpap man Star fund manager Terry Smith has warned income investors reeling from huge dividend cuts amid the coronavirus crisis that worst is to come.Shell (RDSB) has delivered the latest and most significant blow to UK income investors in cutting its dividend for the first time since World War Two. Financial administration company Link has forecast that dividends from the UK stock market could halve this year as company revenues have plunged, with large portions of the global economy grinding to a halt under lockdowns imposed to contain the spread of the coronavirus pandemic. Banks have cancelled payouts under pressure from the Bank of England, which has praised the ‘prudent decision’ by a number of insurers to shelve payouts. Writing in the Financial Times, Citywire AAA-rated fund manager Smith said the dividend cover among the FTSE 100’s biggest dividend payers suggested income investors were set for more pain. ‘I suspect that the really bad news for equity income investors is yet to surface,’ he said, pointing to dividend cover of an average of 1.3 times for the 20 highest yielding UK blue-chip stocks in mid-April, and 1.1 times for the 20 biggest dividend payers in absolute terms. ‘Over time, dividend cover for most businesses cannot be sustained at 1.1-1.3 times, as most of them need retained earnings in order to grow,’ he said. ‘I would suspect that the boards of companies which have passed the dividend will indeed not be allowing a good crisis to go to waste and will return with a much smaller and more sustainable dividend which will mean lower yields for equity income investing.’ Smith, manager of the £16.7bn Fundsmith Equity fund, is a longstanding critic of income investing, and renewed his attack on UK equity income funds. He said fund manager trade body the Investment Association’s decision to suspend the yield requirements on funds in its UK Equity Income sector was ‘bad news for equity income investors’. ‘It’s not as if these requirements were exactly stringent to begin with,’ he added. Funds in the sector are normally required to provide 90% of the income of the FTSE All-Share over 12 months and yield more than the index over rolling three-year periods. ‘I have long said that no-one should invest in equities for income,’ he said. ‘If you had invested in the UK Equity Income sector over the past five years, you would on average have lost nearly 1.3% a year.’ Smith is an advocate of total return investing, arguing those who require income should sell some of their holdings, rather than rely on dividend payments, to provide it. ‘However, I realise that for many investors, the idea of realising part of their capital to provide income is anathema,’ he said. ‘If you insist on investing in for dividend income, consider investing alongside a family which founded and has control of a public company. Out of the 47 stocks in the Stoxx Europe 600 that are ‘‘family influenced’ ‘Investing alongside them can help to preserve your income too, and in this market environment you may get some attractive opportunities to do so.’ |
Posted at 30/4/2020 15:04 by cpap man De-listing riskIn the small caps world, we always have to be wary of the smallest companies, as they sometimes (often without warning) announce their intention to leave the stock market and become private companies (known as de-listing). This usually does instant, and major (typically about -50%) damage to the share price. For this reason, it's vital to avoid buying micro/small cap shares where there's a risk of de-listing. Off the top of my head, these are the main reasons (hence risk) of a micro cap de-listing; Running out of cash, and no appetite from the market to provide fresh equity funding Story stock that has gone stale - i.e. everyone's heard the story, and it's never worked, so impossible to get even gullible investors to back it again Little to no liquidity in the shares - hence there's no point in being listed Costs - often linked with the other points above - all the various costs of a listing can mount up to £100-200k, even for the smallest companies - e.g. broker/NOMAD, listing fees, PR, NEDs that probably wouldn't be employed at a private company, regulatory burden, wasted mgt time, etc. If there is no discernible benefit from being listed, then why continue with it? It's worth checking our existing holdings, to see if any micro cap holdings display those traits. Covid-19 & the recession it's triggering, could well accelerate the de-listings of some micro caps. Hence why I mention it - this is an increased risk that could us money. |
Posted at 19/10/2017 07:00 by cpap man 10 top income stocks for risk averse dividend investors - Stockopedia and Ben Hobson | 18th October 2017Big companies with high dividend yields are naturally popular with income-focused investors. But they don't always turn out to be the safe, reliable investments that their owners had hoped for. This year we've seen dividend cuts at some of the market's highest yielding stocks, including TalkTalk (TALK), Carillion (CLLN), Admiral (ADM) and Provident Financial (PFG). These companies saw their share prices savaged after slashing their payout, landing a double hit for their weary shareholders. On these occasions, share prices and dividend payouts recover at very different and unpredictable rates, and some don't recover at all. It shows just how important it is to try and avoid the risk of a dreaded high yield trap - but how? One answer is to take inspiration from a successful approach used by a handful of investment firms, such as Societe Generale, Fidelity and Investec. It's called Quality Income, and as the name suggests it zeroes in on high yields in good quality stocks. What does financial quality look like? The simple idea behind Quality Income is that financially strong firms don't often have to slash their dividend payouts. For Investec, for example, 'economic moats' are the definition of quality. Their strategy looks for above average yields in firms that are growing their dividends and have sustainable businesses protected by competitive advantages. By comparison, Fidelity's Quality Income approach ranks high yield firms according to a string of measures that focus on cash flow, profitability and low debt. Again, they target firms with a record of growing dividends that are well covered by earnings. Finally, Societe Generale, which was an architect of Quality Income strategies, looks for high (but not excessive) yields in firms with strong balance sheet health and low bankruptcy risk. It's a strategy that has worked impressively well since it was launched as an index in 2012. A focus on dividend quality For individual investors, there is a lot that can be learned from these approaches. A strategy tracked by Stockopedia that models Quality Income rules has managed a 14% return over the past year - not including dividends, which would have pushed the performance higher. Put simply, the strategy looks for stocks with a yield of more than 4% (but less than 15%) in companies with a minimum market cap of £800 million. Each firm should pass at least seven of the nine checks in the Piotroski F-Score (I looked closely at this checklist in a recent article for Interactive Investor). The F-Score looks for improving trends in a company's profitability, debt, liquidity, share dilution and operating efficiency. The strategy also checks for any risk that a company might go bust by using another accounting checklist called the Altman Z-Score. Financial stocks are excluded from the results. To get a broader view of each company's quality, I've also included Stockopedia's Quality Rank. This scores and ranks each company against a range of 'quality' measures and brings them together in a single number - the higher the better. Name Mkt Cap £m Forecast Yield % Piotroski F-Score (financial strength from 1-9) Quality Rank Sector Stagecoach 922.5 7.5 7 67 Industrials Taylor Wimpey 6,622 7.3 8 97 Consumer Cyclicals Centrica 9,765 7.1 7 59 Utilities SSE 14,198 6.9 7 65 Utilities Royal Mail 3,874 6.3 8 90 Industrials Barratt Developments 6,879 6.1 7 86 Consumer Cyclicals BP 97,213 6 7 62 Energy Dixons Carphone 2,168 5.7 7 69 Consumer Cyclicals Marks and Spencer 5,700 5.4 7 82 Consumer Cyclicals Rio Tinto 65,961 4.7 7 80 Basic Materials This strategy picks up a broad range of stocks on forecast yields for the next financial year of more than 4.7%. As demanded by the rules, these firms all have strong balance sheet health trends, as measured by the Piotroski F-Score. And for the most part they also have decent Quality Rank scores. While the strategy pairs high yield and high quality, it still manages to pick up some of the most popular names among income investors. Topping the list with yields of more than 7% are the transport group Stagecoach (SGC), housebuilder Taylor Wimpey (TW.) and the energy giant Centrica (CNA). The rest are all big-name dividend shares ranging from SSE (SSE), BP (BP.) and Rio Tinto (RIO) to Royal Mail (RMG), Dixons Carphone (DC.) and Marks & Spencer (MKS). Comfort for risk averse investors There has been a string of dividend cuts among high profile, high yield stocks this year. Usually these have coincided with reports of poor financial performance. Put together, these events have left investors nursing the pain of reduced dividend payouts and tumbling share prices. While it's impossible to fully isolate a portfolio from the misery of a dividend cut, there are strategies that can offer some protection. Quality Income brings together above-average yields with robust financial quality to shine a spotlight on companies that are less likely to hit trouble. For risk-averse dividend investors, it's a strategy that could offer some extra comfort. |
Posted at 27/9/2013 12:51 by contrarian2investor Hi all fellow AR. shareholders, As private investors we have been robbed by the very people entrusted to run the company! Courtesy of Proactive Investor. Please ensure you read the last paragraph. It is very telling! Archipelago Resource (AR/LN) Offer for company Archipelago Resources shares jumped today on the announced offer for the company at 58 pence per share. The offer values the business at £338m . Archipelago Resources is not currently subject to the City Code on Takeovers. We suspect the offer has been timed just ahead of the rule change on London listed companies with overseas directors adhering to the UK Takeover Code which comes in on Monday. Investors are warned that if they do not accept the offer then they might get stuck with less liquid paper in an unlisted company. . "the Offer is not governed by, nor do all the terms comply with, the City Code and, following consultation with the Takeover Panel, the City Code will not apply to the portion of the Offer Period that extends beyond 29 September 2013. Accordingly, Archipelago Shareholders will therefore not be afforded the protections of the City Code in respect of the Offer." . Management target gold production of 140,000-155,000oz this year at a cost of US$620- $680/oz net of silver credits. § Good production rose 20% in H1 to 72,636oz of gold produced with a 46% yoy increase in production in Q2 to 41,061oz § The company reported cash and cash equivalents of $108.1m at the interim. Conclusion: We see the offer as opportunistic. The company is proving its value through recent gold production increases and this has reduced cash costs to $618/oz. We have to wonder why Archipelago was not previously advised to take up the UK Takeover Code for better shareholder protection as other miners have done? |
Posted at 12/8/2013 14:17 by spellbrook several....Archipelago Resources PLC (LON:AR.)'s stock had its "buy" rating reaffirmed by stock analysts at Liberum Capital in a report issued on Friday, Analyst Ratings.Net reports. Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a "buy" rating on shares of Archipelago Resources PLC in a research note to investors on Wednesday, July 17th. They now have a GBX 68 ($1.05) price target on the stock. |
Posted at 12/7/2013 15:43 by silverfern I spoke with them a year ago - they do reply but try calling on MOnday morning early. it might help you all and good luck, don't like to see this myselfAdministration: 9 Raffles Place, #29-02 Republic Plaza Singapore 048619 Attention: Matthew Salthouse VP - Investor Relations Phone: +65 6535 3419 Fax: +65 6532 2620 Email: investor@arplc.com.s |
Posted at 30/4/2013 07:26 by silverfern TO any new investors, welcome and please post! |
Posted at 28/4/2013 09:57 by yorgi Should bring in some new investors on Monday morning :-)://www.dailymail.co. |
Posted at 25/1/2013 10:42 by yorgi You're welcome Hard Work.The title I have used was a combination of the ideas we came up with on Wednesday I hope you all think it fits the company and hopefully attracts some new investors. |
Posted at 25/1/2013 10:34 by yorgi I have created a new BB this morning, the title I have come up with which is a combination of the ideas we came up with on Wednesday.I hope you all think it fits the company and hopefully attract some new investors. |
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