Sirius Minerals Share Discussion Threads

[11_percent] 28/4/2017 08:02

Moving up.

[11_percent] 28/4/2017 08:02

Here we go.

[carla1] 28/4/2017 08:01

Hmmm no stamp duty ??

[blueball] 28/4/2017 07:58

well done Carla.

lol.

[11_percent] 28/4/2017 07:57

Here we go.

[carla1] 28/4/2017 07:50

Morning fellow investorsGoing to try and be the first trade on this companies ftse experience because I can ha...All aboard....

[johnwise] 28/4/2017 06:56

Sirius Minerals' departure leaves AIM's billionaires club one light

Among Aim’s big boys, Sirius is currently ranked fourth with a market cap of just under £1.1bn.
Aim is set to lose one of its brightest stars today as Sirius Minerals PLC (LON:SXX) moves up to London’s main market.

[spirito] 28/4/2017 06:37

if I were to guess it would be a down day for the share price today. it just seems to happen that way.

[svenice7] 27/4/2017 23:02

Just remember hold onto the upward momentum.

[ipsgs] 27/4/2017 21:31

meant to say if we are being bought by default!

[ipsgs] 27/4/2017 21:30

i have no idea if going onto the main tomorrow will cause an increase in share price immediately and wont pretend to therefore i am not ramping. however, surely if we are not being bought by default by funds, pensions, trackers etc. then this portion of trades will all be buys i.e. no shorting which will hopefully result in more stability of the share price in the longer term. a bad rns such as delays or additional unexpected spend and the shorters will jump in but with the funds/ trackers portion this won't happen. am i right?

[investment dave] 27/4/2017 19:38

Who cares make your own decisions and enjoy the banter

[carla1] 27/4/2017 18:43

Good Evening fellow Investors...

A controversial Observation... :-)

Just all be aware !!

We have employed TROLLS operating and they operate on a good guy / Bad guy basis...

Now 2 enthusiastic writers on this blog appear at the same time.. after been AWOL all Day !!

This happens frequently ... with that thought i leave you to continue the research and question yourself how they make a living whilst posting on a BB every day !!

[blueball] 27/4/2017 18:43

hxxps://www.barchart.com/stocks/quotes/SXX.LS

96% buy.

[11_percent] 27/4/2017 18:32

Keep following the scammers.

[blueball] 27/4/2017 18:29

stay long.

[filster] 27/4/2017 18:27

Personally I don't think so... There's only going to be one way we'll find out though!! I think some of the uplift has been due to it's impending move but there will be further uplift from here as Funds are forced to purchase. The main question being how much uplift there will be and if those already invested take advantage of that..

[11_percent] 27/4/2017 18:24

Yes, read 582.....its all about scamming.

[ccr1958] 27/4/2017 18:17

Is the move from aim market priced in ?

[johnwise] 27/4/2017 18:06

Sirius Minerals' departure leaves AIM's billionaires club one light


Among Aim’s big boys, Sirius is currently ranked fourth with a market cap of just under £1.1bn.
Aim is set to lose one of its brightest stars today as Sirius Minerals PLC (LON:SXX) moves up to London’s main market.

It also means Aim’s select £1bn plus club is to be shorn of 20% of its five–strong membership.

Among Aim’s big boys, Sirius is currently ranked fourth with a market cap of just under £1.1bn.

Although its value has climbed more than six-fold over the past ten years, it only achieved its lofty status relatively recently.

Planning approval for its North York polyhalite project last year really saw its share price take off.

On the back of that came an impressive finance package to fund the project’s first phase and that effectively took out a huge chunk of risk for investors.

Indeed, such is the progress recently at the project Sirius is comfortably expected to nestle in the FTSE 100.


Main market to give Sirius another leg-up

Sirius confirmed its intention to move up in March.

It said the move would also provide a “more appropriate platform for its growth and is in keeping with the nationally significant nature of the company's project and its market capitalisation”.

Broker Yuen Low at Shore Capital expects its promotion to give it another leg-up.

As a FTSE 250 company it will attract plenty of tracker funds.

“Even inclusion in the All Share index would result in the relevant tracker funds being obligated to invest in the company.

“We believe that Sirius is already benefiting: we think that the recent sharp rise in the share price is occurring in anticipation.”

[johnwise] 27/4/2017 18:05

Sirius Minerals' departure leaves AIM's billionaires club one light


Among Aim’s big boys, Sirius is currently ranked fourth with a market cap of just under £1.1bn.

Aim is set to lose one of its brightest stars today as Sirius Minerals PLC (LON:SXX) moves up to London’s main market.

[ppvn] 27/4/2017 14:59

Hello I wrote this brief missive for the cheery bunch over on III so if anyone is a member over there feel free to post if you think it vaguely relevant. If not, ignore away.

1. The reason why aftermarket trades are posted is that some funds are selling shares and these are often published at close. At current tally, Och-Ziff are short 55,388,036, Highbridge short 51,639,974, GSA Capital -20,822,570. There are $400mm reasons why this is the case, and it is to do with the convertible bond issue. Imagine (and apologies obviously to those of you who clearly are millionaire investors here as they generally spend their time hanging around internet bulletin boards [no, the irony is not lost upon me]) the scenario whereby you had the funds to purchase $50m of covi’s. You’re $50m down out of pocket, but getting a cool 8.5%. Not bad. But it’s never enough is it since you’re a fatcat with investors to fleece and beaches to wander. So what to do? Why sell some shares of course! But not just some shares, many shares – infact enough shares to eventually recoup your $50m investment so you’ll have the bonds (still paying 8.5%) and the money (generated from your sale of stock). Winning! Of course, you still have your short interest in the co which will, at a later date, maybe even up until maturity if you’ve already got your cash back be covered by converting bonds -> stock. Now obviously the conversion price placed on these bonds is US $0.3076 so you’d hypothetically be a seller anywhere above 23.86p – so at 26p you’re even making 2.14p profit per share as well!! Double Winning!! It’s almost Abba-esque in its ingenuity, and it certainly is a rich man’s world. Cash, coupons, profits – not quite as catchy but you get the idea, maybe. Please do not miss the underlying point of this note. Although there is selling, once shorts have been established funds have to replenish the shares from somewhere. When bonds are converted, there is no more bond. To reiterate the importance of this point I shall paraphrase; if there is no more bond, is no more debt, and if there is no more debt then Sirius is in the clear (and indeed up $400mm, less coupons paid).
2. Transitioning to premium listing. This is more relevant to aspects of corporate governance and fund mandates than anything else. AIM is no country for old men, and it’s no country for funds who want to keep hold of their cash in most instances (check mandates for further information). If (and I say “if” only to caveat the scenario that the share price drops to sub 250 market cap levels) and when Sirius joins the 250 some ETF providers (eg. XMCX / SOIL US / look them up yourselves) may include them so as to accurately track the underlying index. However, don’t forget Sirius is a long way from revenue let alone profit, so would not be relevant to many etf’s at this juncture. Also in general ETF size would be marginal at best in terms of actual provisioning. Market makers will not, by definition, accrue sizeable positions in shares in anticipation of such events (also: Volcker rule).
3. The EV of this company is the more interesting part. At present value, fundraising has given the company c. £950mm of cash to splash and at 26p the co is worth £1.1bn (near enough – if you want to argue over pennies feel free to calculate the exact amount but I can’t be bothered). Meaning that all the groundwork / rights / plans etc are valued @ £150mm. I know what I feel to be a fair value, and over the course of the next few years all shares, including Sirius will vacillate between under and overvalued. So position accordingly.
4. There have been 26 market makers active in this security in the past 7 days – not quite sure why that’s relevant but someone asked the q.

Finally, and only if anyone cares, I do hold a not insignificant position here that isn’t close to my perceived FV yet.

[noramping] 27/4/2017 13:38

Is stamp duty on trades effective tomorrow?

[ccr1958] 27/4/2017 12:01

30p tomorrow Daaaaaaaaaaaaaaave ?