Caribbean Investment Share Discussion Threads

[live ink] 15/4/2020 13:40

montyhedge,

This move to the BVI is fine. Further, I understand that CIHL is trading well. So I am keeping my price target right now of 50p.

SC

[montyhedge] 15/4/2020 08:11

Today's rns, is it to pay no corporation tax. Which would mean bigger dividends ? Simon whats your view.

[tday] 10/4/2020 11:34

Nine cases of the virua and one death.

[montyhedge] 07/4/2020 13:35

I bet when Coronavirus over, we get a bumper 7.5p dividend.

[montyhedge] 05/4/2020 19:10

Belize curfew 8pm until 5am. No deaths so far, that's the way to do it.https://www.worldometers.info/coronavirus/country/belize/

[noirua] 05/4/2020 14:55

2 April 2020 -

Myself, I haven't a clue as to how good loans etc., against CIHL banks are secured or whether they might face losses. Not paying a dividend may be purely a gut reaction rather than great worries on likely losses. Paying a dividend might be seen as just out of line with UK banks or/and rather un-Lordly. - one has to have some concerns all the same.

These are difficult circumstances and even the best might cry out how well they have done on some fronts, and forget to publicise their interests elsewhere. As with Dr Mark Mobius on gold and forgetting about his India projections.

Some sold CIHL over 43p a share and well done us, even though my average sell was nearer 41p and not as good as the clever racier types. Difficult to unload for those with a truck load but then I expect EK and Co only care on a marginally somewhat frustrated front.

[noirua] 27/3/2020 18:02

The fall in banking shares in general is pushing CIHL down, like it or not. The country will be affected by the low oil price despite its relatively newly acquired green credentials. After the crash in America, China, Asia, Russia and Europe, many countries may now decide not to repay their debts and expect to be coronavirus excused.

Only EK appears to have a proper handle on this one and maybe follow what he has to say on the matter. My own view is that all banks are worth a lot less and some smaller ones will collapse.

[live ink] 26/3/2020 12:01

As some will have seen, there has been one case of Covid-19 reported so far in Belize but not I think a fatality. Of course what happens now remains to be seen.

However, it seems to be business as usual for Bank of Belize. If this persists, CIHL is still ridiculously cheap.

EK

[noirua] 09/3/2020 14:16

Interesting now. Most will know little about Belize. EK appears to know more than most so is probably an act to follow. Will Belize seek comfort from Lebanon's failure to pay and I think also means not paying interest. This may be catching.
Evil at Master Investors:

As Trump opens more waters for oil exploration, the tiny nation of Belize shows a better way


Belize produces some 3,000 barrels of oil per day, a minuscule amount compared to more than 1.5 million barrels per day that the US produces in the Gulf of Mexico alone. And, yet, Belize’s announcement is an important one.

Like most developing countries, Belize relies on its natural resources for its economy. Oil constitutes more than a quarter of its exports. And, yet, thanks to grassroots campaigns, Belizeans were convinced that protecting its coral reefs will be more important to the country, economically, in the long-term.

[noirua] 05/3/2020 15:53

The CIHL share price is only a tad short of the 30p level distinctively shown on the chart. Banks are falling sharply and like it or not the company is being dragged down.
Few shares to be traded and repeating the words of EK, it can move sharply in either direction and needs patience.

Hard to say what will happen if the Banking sector continues its reversal. Next and only further retraction point on the chart is 27p and with the dividend paid brings it back to just before the xd point.

[montyhedge] 03/3/2020 13:50

So you sold out, going by your posts, lol

[k mon] 01/3/2020 11:26

Hi Monty ..

Took the information from the latter of these posts .... - both by the same poster.


22 Jan '20 - 18:44 - 158 of 199 0 0 0
Lord Ashcroft may consider reinvesting his dividend in the purchase of more shares in CIHL. About USD5.4 million.
Lord Michael Ashcroft KCMG PC - 77,522,848 (75.07%)
Link Market Trustees (Nominees) Limited - 18,821,000 (18.2%)


4 Jan '20 - 13:40 - 133 of 199 0 1 0
Simon Cawkwell'

The company is based in Beckenham. I need to check further though it seems to represent the holdings of: Royce and Associates 4.37%, Gabelli ( Gabelli Multi-Media Trust Inc) (Mario Gabelli), Waterloo Capital Holdings*, Peter Michael Reeder-Gaze, Peter Michael Reeder and Parr Holdings Limited.

Connections:

Waterloo Investment Holdings Limited:
Investments held are forbidden. Listed in Bermuda.
Lord Ashcroft holds 93.22%
Annual Report 2019:



So - which one is correct..


….. ..

[montyhedge] 01/3/2020 10:06

I thought he held 75%, I think your wrong.

[k mon] 29/2/2020 23:43

Lord Ashcroft holds 93.22%

… think about that for a moment...

[noirua] 29/2/2020 13:50

The chart is indicating a pull back to the 30p level - ranging 26p to 34p. The market is in turmoil and banks hit quite hard. At 34p larger holders are likely to ride it out as sells of 20,000 to 200,000 shares will be quite damaging. Some might be forced sellers and looking around to sell shares at evens or a profit to cover.

Looking back was a chance to top slice at 42p to 44p. Expecting a bumpy sideways movement from here. Unless an unexpected RNS arrives or equally unexpected favourable court decision.

[noirua] 27/2/2020 10:23

In these markets we cant blame some for unloading shares to cover positions. £20K invested before the dividend at 32p is worth, at 38p, £27K inc divi. A temptation for some to top slice and lock in profits.
Should work out OK though it may be quite awhile before more news arrives. For the patient. In tight markets moves can be sharp and either way.

[noirua] 23/2/2020 12:49

Evil Knievil: Patience will pay off
20 February 2020

[montyhedge] 20/2/2020 10:10

Taking a breather, few profit takers, no one went hungry taking a profit.

[montyhedge] 18/2/2020 14:32

Looks like you are correct.

[noirua] 18/2/2020 14:18

montyhedge: Using ADVFN's PE number in the header 80p = PE ratio of 5. I haven't double checked elsewhere and have taken ADVFN's figure as Gospel.

[montyhedge] 18/2/2020 12:41

Noirua
Was it you who said at 80p p.e 5.

[noirua] 18/2/2020 12:05

38p - 43p spread as MMs take a defensive position with an 11.6% spread. May well hit 50p this week or today or tomorrow.

[montyhedge] 18/2/2020 09:35

Should settle down around 50p until news. Even that is ridiculously cheap.