Anglo Asian Mining Share Discussion Threads

[odsjp] 15/10/2020 13:41

UFO is blasting off again. Nothing seems to stop it.
Let hope PXC can emulate it in the coming months.

Looks like I am going to have another down week with BUR as my comp choice.

[waterloo01] 15/10/2020 12:46

I have adjusted somewhat for increase in value, but maybe not enough. It's a mix use building with a long lease shop (still paying rent) and a very large 4 bed above so lots of living/work space so OK with lock downs. It's fairly central so tenants can walk/cycle into Central London and shops, tube and open space seconds away. Probably actually getting closer to 7.5% if I account for property value.

[cannonfodd3r] 15/10/2020 12:39

Because he bought it 10 years ago! You could have bought AAZ for £4m 5 years ago!

[doc_oj] 15/10/2020 12:17

@waterloo: 10% in London? how do you do that?

hxxps://www.portico.com/yields (5-5.5% seems max according to these and I thought high property prices will mean low yields but 10%?)

[droyden] 15/10/2020 12:08

Wow so that is mid July eta

[pogue] 15/10/2020 12:06

Sorry me again
Just read a very interesting article on the Az/Arm conflict from the O&G point of view. Well worth a read.

'By October 2020, Turkey seemed closer than at any time since the Cold War to unambiguous and overt hostilities with Russia. But, then, Turkey was already in some form of conflict with at least 21 adversaries. Turkey and Russia are strategically interdependent, but simultaneously remain great rivals and with deep, historically-developed, mutual animosities. Not surprisingly, the Turkish Government of Pres. Recep Tayyip Erdogan moved yet again to carefully instigate a crisis with Russia, this time by triggering a military escalation between Azerbaijan (a U.S., Israeli, and Turkish client state) and Armenia (a Russian and Iranian client state)...'

[waterloo01] 15/10/2020 11:55

I'm sitting on the sidelines here. Kept small holding but need local stability before reinvesting. As mentioned gold is a safety play for me, so the war is and remains an issue.


O/T I get close to 10% return on a London based rental. Had it about 10 years and never had a void. Mainly due to ideal size and location, but agree under a 5% return it's not worth the hassle

[laurence llewelyn binliner] 15/10/2020 11:48

#Terropol, yes Euro projects do come under a different tax regime, but IMO the more mileage you have between your projects the more aggravation it is, add in language barriers, tenants, agents, tax regimes and the fact we have now left the great Euro project which could result in further complications and I went off that idea faster than the UK idea..!

Euroland do not have an ISA opportunity, I try to spell out to people the advantages but often get shot down because you 'can only put £20K' in each year, well this is true but after 20 years the results of annual top ups, tax free compound dividend income and capital gains are quite another matter, and some non believers have missed that window of opportunity..

Meanwhile my recent additions here now adding up nicely, we could see 100p and I will add again for what could be 10% with the special dividend .. :o)

[cinoib] 15/10/2020 11:31

llb, Have been trying too tell my wife that very same point, but she is very determined to rent her apartment out for a 3% return on the capital cost. So her property, no dought she will learn over time. Still falling here I see,again, way overdone, but thats markets for you.

[terropol] 15/10/2020 11:25

LLB, I am with you on that 100%. Infact for my invetment I stick to commercial.
The friend who is done this big deal is a holder here, Put Him in at 12p...

The project is in Germany not the UK, And over there for most property investments is tax free if you hold for 10 years.

In any case told him the yield is to low even if money can be financed at about 1-2%.

He would have been better off sticking a couple of M in here....and get the same return he will be getting for the close to 10M over there.

[chestnuts] 15/10/2020 11:11

I agree the share price at 110p is fantastic value, but trouble is the market is looking at AAZ as it could be put out of business tomorrow because of the war, they have already lost some engineers to help in the war who else will be taken from the mine as the war continues, and confusion and uncertainty kills a share price.

[pogue] 15/10/2020 11:02

Jeeze you couldn't make this up, another pop at the BBC I am afraid however it has implications for all that hold AVCT
BBC have found someone who has developed a 5 minute covid test wow breakthrough!!! It will be ready next year. Meanwhile AVCT are building production facilities for their 10 min test and will be ready as soon as approval is given but that is not worthy of a mention. Maybe its because its a bunch of students that have done it rather than a nasty private company. Shocking journalism if they have genuinely not heard of AVCT, even the government have heard of them!

10:42
BREAKING
Oxford University develops five minute Covid test
Scientists at Oxford University say they have developed a coronavirus test that can identify the virus in under five minutes.

Oxford University hopes to start making the devices in early 2021 and then have it approved six months after that.

It’s hoped that it could be used at businesses and airports.

[laurence llewelyn binliner] 15/10/2020 10:44

#Terropol, off topic but the buy to let interest only private property rental model has fundamentally changed now that mortgage interest relief is gone, and you only get a 20% credit of the interest element to offset against earnings, add into that any maintenance needed over a year, the dead month between tenants and white goods failing..

With a 3/4/5% yield unless you own it outright you could be losing money every month after mortgage payments and income tax on the yield, usually at the higher 40%/45% rate as it gets added to any other salaries, returns are reliant on any CG instead, and I do not see much CG coming any time soon after the SDLT holiday closes..

Business owned property makes more sense from a tax standpoint, but then you are paying 3 or 4% on the money not 1.25% ..

All things considered, it is too much aggravation for little or no return short/medium term, if you can build a decent wedge inside the ISA and get 6/7% on it dividend and CG tax free then that is a very much improved proposition.. :o)

[chestnuts] 15/10/2020 10:29

Klosters

You are dead right there but at the time i had bought sqz and it went from 7.5p upto 59p where i got frightened out by Trump and possible sanctions on all Iranian assets.

But thats life , and now no one is interested in oil and gas all the big boys are leaving the party, And i have been into gold in what seems an eternity now and i will buy some AAZ if i am lucky enough and the share price does go down to 70p ish i might just buy some

[terropol] 15/10/2020 10:22

A friend of mine just invested a large sum in a property yielding 3% gross, he then has to manage it and hope all the businesses there keep paing the rent.
I am much happier here getting nearly 7% yield on todays quote and managed by The company Directors that haver a direct intrest.

The word is BARGAIN.

[bwana4] 15/10/2020 10:21

D/P, Yes I read that article and thought the interest rate to be a bit high !!
Jag/Landrover too have raised financ at the same time too.
I suppose RR stands a better chance of recovery than J/L do.
That is why I have put RR on my watch list.
Interesting situation would develop when the Sliva test comes out ?? The Airline industry will start to recover a bit sharpishly IMO.
( Yes Wan) the spit test LOL 😚😎
GLA 🤗

[pogue] 15/10/2020 09:52

Wan
the simple solution to the war is for the international community, especially Russia, simply saying to Armenia give back what belongs to the Azeris this could be done and Azeris would stop however after 30 years of discussion it is clear nobody wants to follow international laws so Azeris have no option. They will talk but only if the Minsk group actually has someone on it, Turkey, that wants to actually give the land back to Azerbaijan as the current composition of the group clearly don't want anything to change.
I can sympathize with the Azeri position and can see there is no solution until the balance changes to give them back their lands in negotiations, or until they have been stopped militarily. The former option is obviously the easiest for everyone.

[klosters65] 15/10/2020 09:49

Clearly - you will continue kicking yourself.

[chestnuts] 15/10/2020 09:42

Been watching AAZ for some time ever since Mattjo pointed it out at around 5p and kicked my self i never bought then, But it looks like the war is throwing a small life line, sorry for all share holders at the moment but the pattern looks like its heading down to 68p ish, this will be hell of a good buy then especially with the dividend, And hope fully the war will finish shortly.

[cannonfodd3r] 15/10/2020 09:40

I don’t think you have much say over conscription in AZ, you either do your national service, or pay someone to allow you to wriggle out of it on medical grounds, however that’s easier said than done at short notice! I’m sure the off the cuff engineering of emergency road building will serve them well as the mine expands through the mountains!

[mad foetus] 15/10/2020 09:36

I wouldn't call it despotic. We are seeing in the US where one type of democracy plus freedom of speech leads. And in the UK where all government covid contracts appear to be given on the basis of who you knowI would be very hesitant to say that there are better ways to run far off countries that can be easily implemented. People have different cultures and from everything I understand about Azerbaijan it seems to function well and is a good place to live. We can't all be Finland