Lonmin Share Discussion Threads

[blackrocktrader] 20/11/2015 08:20

what is the epic for nulls ???

[elvisrocks] 20/11/2015 08:19

Why such ridicously low volumes for the nulls Graham?

[graham2405] 20/11/2015 08:18

Main shares trading much higher than I expected.

But, nulls are trading roughly where expected.

An anomaly?

[typo56] 20/11/2015 08:18

patmike, we are ex-rights today

[elvisrocks] 20/11/2015 08:16

Very low volumes on LMIN, 4m against 27bn in issue?
Is that right?

[elvisrocks] 20/11/2015 08:14

Careful, do you see that re Post 6232 and 'rights' (nil paid) currently trading at 0.22 / 0.23 area (was 0.25 a few minutes ago), code LMIN.

[patmike] 20/11/2015 08:14

Iam sure there is an explanation, but can someone tell me why my shares are worth a fraction of what they were yesterday when we are not ex-rights?

[careful] 20/11/2015 08:11

a decent rise on yesterdays close. (equivt)

[elvisrocks] 20/11/2015 08:10

I'm on Level 2, 'old' LMI trading at 1.50 area against 'predicted TERP' of 1.19, is my reading correct? Implying about a 31/150 uplift on last night?

Graham or Alexios, do you see the same?

[kojak78] 20/11/2015 08:10

Sold my shares at R0.33

Translates into an acquisition price of R0.24 after tax credits for new shares for me.

1.12p

[graham2405] 20/11/2015 08:06

trading @ 1.52p

[alexios1201] 20/11/2015 08:02

IG is showing 1.18p

[graham2405] 20/11/2015 07:51

Take a look at the bid offer spread in SA, someones taking the P.

[chrisbr777] 20/11/2015 07:50

Agree - I think LON may drop to ZAR 25c range and LONN to 4c

[graham2405] 20/11/2015 07:45

Seems too high to me.......

I suspect that trading here will be at a lower level.

[chrisbr777] 20/11/2015 07:42

So basically an uplift of 52% on the ZAR closing price of LON @202

[chrisbr777] 20/11/2015 07:37

LON trading at ZAR 30c and LONN trading at ZAR 6c

[graham2405] 20/11/2015 07:34

The code if you want them are

LMI - the existing shares (on Yahoo Finance as LMI.L)

LMIN the null paid shares (on Yahoo Finance as LMIN.L)

LMIF the fully paid shares (on Yahoo Finance as LMIF.L)

Don't appear to be available on Google Finance, yet.

[graham2405] 20/11/2015 07:27

In South Africa the 'Ex-Rights' appear to be trading @ circa 1.38p, 0.30 Rand

[graham2405] 20/11/2015 07:14

Yes..........

Twenty Six Billion Nine Hundred and Ninety Seven Million Seven Hundred and Seventeen Thousand Four Hundred

New Shares Trading Today.........

That's a mouthful...........

[graham2405] 20/11/2015 07:08

Lets see what the nil paid trade for today?

i.e. do they have any value?

Should trade @ circa 0.19p

Shares should trade circa 1.19p

That's all in theory, of course.

[binladin] 20/11/2015 05:23

This is going into freefall it's worthless.. Situation not improving and cash is quickly used up..

[elvisrocks] 20/11/2015 04:57

Graham, did you see Magara's media sound bite yesterday "to be at least cash flow neutral after capx, at current spot prices". That's the Business Plan they've put on the table. They'll cut their cloth accordingly to fit.

Current spot prices are what, $850 Oz?

[elvisrocks] 20/11/2015 04:40

Graham / Lazy

The point I was making about big shareholder, when they sat opposite the Chairman and / or Magara they didn't say "here's our cheque, thanks for robbing us for the third time". They made clear their expectations, they can't receive a dividend in the immediate future (and even if they did the market would discount it as a p..s take) but they can other things. If Magara is an Ops man, arguably the Chairman's No. 1 function is the interface with shareholders.

Rene Hochrieter has said they don't really need (all) this money and they've put themselves in a stronger position compared to their peers in an industry where demand for the product won't disappear.