Ecora Resources Share Discussion Threads

[quepassa] 03/10/2023 17:32

a certain poster used to come across as genuinely interested in the share with some knowledge and credibility.

now more akin to a desperate ramper pushing something whiffing of snake-oil as the share price has plummeted by near 50% in less than 12 months.

there is every chance that this share will fall significantly further.

all imo. dyor.
qp

[dogberry202000] 03/10/2023 16:35

I've been waiting for sub 100p. It's a great buy with a very useful 6.5% divi around this area and it's great reading posters like Laurence Llewelyn Binliner and The Deacon who provide such balanced thinking on this Board.

[the deacon] 03/10/2023 16:20

Yeah I'd like to see some buybacks here.

[laurence llewelyn binliner] 03/10/2023 13:17

#The Deacon, what chance another share BB at 100 pence, same as last time would be just fine.. :o)

25.09.2020 - APF PLC is pleased to announce the initiation of a share buyback programme to purchase up to GBP 5M of the Companys ordinary shares, (c5M purchsed)

Purchases pursuant to the Programme will be carried out in accordance with the Company’s existing general authority to repurchase Ordinary Shares (at the AGM in 2020, shareholders gave the Company authority to purchase a maximum of 18,147,039 ordinary shares)

We went from 100-150 pence between September 2020 and May 2021..

[quepassa] 03/10/2023 09:35

"the share price is not material"

HOW CAN YOU SAY THAT?

Someone who bought at 150p or higher will have suffered a massive capital loss.

Ask them if they think the share price is material to their investment


Have you not heard of the basic concept of RETURN ON INVESTMENT?

If you bought the share at 150p, your yield on investment is very different to someone who buys at 100p.

Thing is that it is 50/50 that interest rates will go higher and if so, this share which trades more like a bond nowadays, will fall further in price.

ALL IMO. DYOR.
QP

[laurence llewelyn binliner] 03/10/2023 09:14

#The Deacon, same logic here, well covered dividends, as interest rates go up we need more protection from the cover as our debt/costs rise, but our R/S income is shielded from inflation.. :o)

We can trundle along here, the share price is not material when income is the primary driver for investing..

PF management this year, and last is more about sheltering from the storms bought in by higher rates and inflation, and rolling dividends back into ever cheaper shares, or building cash and waiting to do the same..

[the deacon] 03/10/2023 09:01

Indeed. Well covered dividends are starting to become endangered species. Adding when I can here. Great opportunity to add for the long haul

[laurence llewelyn binliner] 03/10/2023 08:38

Great tax free income from inside an ISA, not bad really, but if it was all taxable it would take the shine off some.. :o)

The stronger dollar is hurting commodity prices, but helping GBP dividends currently..

[cocopah] 03/10/2023 08:22

Not even 1.75p.🤣315;🤣㈺0;🙄🙄🫣🫣🤗

[laurence llewelyn binliner] 03/10/2023 07:10

1.73868 pence per share for the next dividend here..The payment date of the Q2 2023 interim dividend is Wednesday 25 October 2023..

[1knocker] 02/10/2023 20:34

I have about as big a holding here as I want, but would buy a few more if we get down to 95. I shall probably bang in a limit order - you never know what may trigger in this volatile market.

Equally, you never know what the bottom will fall out of either. XP Power was a nasty shock today. Only 2 months ago it was saying things were on the up and confirming trading expectations for the second half of the year. Paying a big dividend too, and now it says it is in trouble with its loan covenants. It is a warning to be very careful of any company carrying a lot of debt.

[888icb] 02/10/2023 09:24

CEO has bought 10000 shares at 105p announced this morning having bought 12000 at 107p last month. Always a positive sign to see regular Director purchases.

[laurence llewelyn binliner] 25/9/2023 17:57

In the absence of a rate rise by the BOE last week it looks like our next dividend will come all the way back to 1.75 pence and much better than the last FX fix.. :o)

[quepassa] 20/9/2023 07:12

Absolutely correct.

Big difference between a Government Bond ("recent Gov 6.2% bond issue") and a NS&I savings product.

Good to see that someone is on the ball.

[1knocker] 20/9/2023 01:01

Time to stop the hair pulling, girls.

The 6.2% yield is available on a recent NSI bond issue. The interest is taxable. So far as I am aware it is not possible to buy it on an ISA or SIPP

[quepassa] 19/9/2023 17:04

lloyd.


1. I have NEVER mentioned any specific gilt. The person who has referenced specific gilts is Binliner not me. Best ask him.

2. I have been talking about TAXATION of gilts in general and I have said that Binliner's comments about taxation on gilts are erroneous and misleading. What I have said about taxation is both correct and valuable.

3. My tax comments are valid for all gilts of whatever type, coupon or maturity.


I suggest you direct your question to Binliner about the specifics of the 6.2% which HE (not me) mentions.

ALL IMO. DYOR.
QP

[lloydypool] 19/9/2023 13:23

QP - please point me to a gilt issue yielding 6.2% as that seems a good 1% + higher than any I can see?

[officehead] 19/9/2023 09:57

Hopefully things moving forward.

[quepassa] 18/9/2023 11:38

Binliner.

Re: Your comments in 461 that the recent Gov 6.2% "is taxable".


That is indeed a very dubious statement of yours given their special status and requires careful qualification for UK tax-payers.


1. As mentioned before, Gilts CAN be held in SIPPS/ISA's with NO TAX of any type payable inside the wrapper. - That means no CGT and no Income Tax on gilts in a wrapper.

2. MOREOVER-, there is a SPECIAL FEATURE of gilts when HELD OUTSIDE a tax-wrapper.

They are NOT subject to CAPITAL GAINS TAX which can be a very useful tax-planning tool especially for higher/additional rate tax-payers by buying gilts which are trading at a discount.


ALL IMO. DYOR.
QP

[pockstones] 17/9/2023 19:34

Que bit off the pace here you buy an equity for a progressive dividend a gilt for a static income stream

[quepassa] 15/9/2023 09:31

What??

But you can hold UK Government gilts in an ISA or a SIPP.

Or indeed other sovereign and corporate bonds.



It's not just shares you can put in a tax-free wrapper

[laurence llewelyn binliner] 15/9/2023 08:41

At least the FX is going our way for the next dividend #Cocopops..!

The recent Gov 6.2% bond issue paid monthly does look attractive, but it is taxable, and depending on how a holder pays tax, that could come back hard with 20/40/45% income tax applied..

The ISA wrapper is the golden goose that keeps laying.. :o)

[cocopah] 15/9/2023 07:19

Nice sarcastic remark from somebody who obviously doesn’t understand that if you don’t look after the share price and the share price of a company dwindles to zero the company is worthless! The responsibility of the BOD is to look after shareholder interests (and the CEO is their ‘guy’ esponsible for developing and executing strategy) … presiding over a 37% decline in the share price this year is hardly doing that! In fact, it takes some doing to cause that much damage.

To borrow a quote from your acerbic comments … it’s probably time you bought a nutshell guide to company law. If you don’t understand, there’s quite a few things they can do. Here’s two … firstly they could initiate a share buyback and secondly, they could get an accretive paying deal over the line in short-time (they have had quite some time to do this and haven’t). To be fair your analysis of the impact of a share buyback is twaddle.

You can also, buy a nutshell guide to company share valuation if you don’t understand that investors have piled out of the share because they obviously don’t believe in the company’s short-term income strategy and see better income returns elsewhere and in risk-free assets.

Our opinions can differ but your sarcastic attack is unwarranted!