Hochschild Mining Share Discussion Threads

[sotolo] 03/12/2020 23:04

Bocase I just bought the Art of execution. I look forward as I am quite good at buying but get too emotionally attached, as only selling 15% of my Cey at just over 200 in August buying back down here, when should have sold half or all. And keeping on buying Hoc so have far too big a proportion of them. Thanks will start reading this minute as kindle and I shall attribute my future fortune to you

[misterbluesky] 03/12/2020 20:47

Gold returns above $1,800. Has it bottomed out?

The price of gold returned to above $1,800. Is the correction over?

[typo56] 03/12/2020 17:19

Thanks Plat Hunter and others. There was no mention of the divi in today's RNS. I should have checked yesterday's too.

Farrugia, in reality the placees paid 200p ex-dividend, which is the state they've traded in today. Had they paid 200p cum-dividend it would have been the equivalent of them paying about 197p today.

I bought several chunks in the dip this morning (stop losses triggered?). Hopefully they'll bounce a bit further.

[ashwani01] 03/12/2020 15:20

Still a good deal I think. I sold my last lot at 217 and thought they had run away from me

[ashwani01] 03/12/2020 15:10

Yes. In a way, I see what you mean.

[plat hunter] 03/12/2020 15:09

Ashwani, I didn't even realise what date it was today.Ah well not as clever as i thought lol

[ashwani01] 03/12/2020 15:08

The shares were placed ex-dividend. My assumption is that after due diligence the buyers were happy to get these at 200 and leave the dividend with the seller. The 1.5% dividend is significant, but not a game changer in the deal. Especially given the 15% markdowns from yesterday's price.

[farrugia] 03/12/2020 15:01

that's what i meant - in reality they paid 200p + $0.04 because they agreed for him to keep the dividend.

[ashwani01] 03/12/2020 14:58

Plat. I bought today as well but we won't get the dividend. The shares are traded ex-dividend today with the holder yesterday at exchange close getting the dividend.

[ashwani01] 03/12/2020 14:55

No. The placing was ex-dividend. The seller kept the dividend as per the initial announcement of the placing.

[farrugia] 03/12/2020 14:32

so in reality placing price was not 200p but more around 200p + $0.04?

[plat hunter] 03/12/2020 14:30

Hence i bought more this morning.£2 plus the divi, beating the insti's with deals like that ;-P

[plat hunter] 03/12/2020 14:28

"The Placing Shares will be offered to institutional investors (the "Placees") through an accelerated bookbuild to be carried out by J.P. Morgan Securities plc (which conducts its UK investment banking activities as J.P. Morgan Cazenove) ("J.P. Morgan Cazenove") acting as sole bookrunner. The books for the Placing will open with immediate effect. In relation to the interim dividend announced 20 November 2020, as settlement of the Placing Shares will occur after the Record Date of 04 December 2020, the Placees will not be entitled to receive the interim dividend payments."

[typo56] 03/12/2020 14:20

Given they went ex-dividend today the date of the transaction has some significance. Were they placed ex-dividend or cum-dividend?

If they were placed cum-dividend you can take $0.04 off the 200p placing price today.

$0.04 may not seem a lot, but in terms of the placing it's worth almost $2.5m. Perhaps tax management influenced the timing?

[bocase] 03/12/2020 13:15

Farrugia: Yes agree that debt will have to be inflated away. Very bullish for gold.

[plat hunter] 03/12/2020 12:56

TR1's to follow or was it all forward sold

[npp62] 03/12/2020 11:59

All sensible views should be welcomed.. and not discounted simply because they don't agree with ones own agenda. Closed minds and slagging off of others equals a very quick press of the filter button. Simple.

[breaktwister] 03/12/2020 11:49

212 was support

[breaktwister] 03/12/2020 11:49

My biggest problem with this is that the chart now looks absolutely horrendous, 212 was strong resistance and was also a multiyear triangle boundary was was bullish if above, this dip takes us back into the triangle. I expect us to finish the month well over 212 in which case it will be a minor "fake breakdown" but if we don't then sad for me and other holders.

[farrugia] 03/12/2020 11:45

thanks guys. I do like Centamin (and have always liked it) due to its potential in Egypt due to acquiring more concessions. I wasn't going to touch it at 200p but at 109 or such I bought a lot. Likewise bought a fair amount here for Silver exposure - its a good price to get involved! Most governments are now trapped in a low interest environment - they simply can't afford to raise interest rates and their hope will be for inflation to eat away the debt.

I'd also point out to:

SPDR Gold Trust ETF (NYSEARCA:GLD) - best alternative to physical gold offering a near perfect correlation with gold spot prices.
Shares Silver Trust ETF (NYSEARCA: SLV) - exposure to silver.

[davidspringbank] 03/12/2020 11:25

I've never heard so much rubbish in my life. You need to go and invest your school dinner money elsewhere. Nothing has changed in HOC.

[pineapple1] 03/12/2020 11:22

No position here but waiting to buy if my target is reached. A gap on the chart down around £1.65.
If it doesn't get there i'll stay out.
Two observations.
Firstly the City sometimes try to pressure large single family holders into selling a proportion to increase liquidity. In the long term this may attract more institutional buyers .
Secondly and not so good...Sky high volume on the move down is not a good sign. Often results in a dead cat bounce followed by lower prices which is why i never buy straight away on such moves no matter how attractive it seems .
Lets see what happens the next few days.
All imho of course.

[dogwalker] 03/12/2020 11:17

Presumably it's a bit easier for the company to be bought now. Any offer might mean more for Mr H with 38% than he might have got with his blocking share of over 50%.