Lonmin Share Discussion Threads

[mj19] 27/11/2012 10:53

looks like your winning and I am losing!

[karmastuartra] 26/11/2012 14:27

Short is king!,but not for ever.

[arja] 21/11/2012 15:17

miti1000,
you were spot on as 290 today and wish I had shorted it yesterday ! I appoint you as my financial adviser ! ( smile ! ) .

[sanks] 21/11/2012 11:16

Is it fair to say a price target of 1.17 is now suffice?
Sensible replies appreciated, if not then its by the oak tree....

.. .....

[careful] 20/11/2012 13:17

lmi are being quietly re rated today.
we are all richer but with all of these mumbers it is hard to tell.

[deans] 20/11/2012 12:56

Ticker is LMIN for nil paid rights

[careful] 20/11/2012 11:35

It will not be £5 per share after this lot is over.
someone has not allowed for the increased number of shares.

[qs9] 20/11/2012 11:28

Thanks for all the info above everyone....broker note I have just seen says revised FV £5+....after RI.....cheers.

[pimpi] 20/11/2012 11:17

just spoke to TD, they say I cant sell the shares until 11 of dec. can it be right?

[penandnen] 20/11/2012 11:13

SpreadbetMagazine quote this morning:

"Yesterday if you had 5 shares these closed at a value of £25.75 (515p x 5)

Today you have the same 5 shares valued at £15.15 (303 x 5) and 9 Nil Paids valued at £14.40 (9 x 160p) = £29.55 - an increase of almost 15%"

Looks like Sanks' ewe got her revenge!

[pimpi] 20/11/2012 11:01

How do I sell the nil paid shares?

[careful] 20/11/2012 10:07

lmi seem to have improved relations with the work force.
the 2 minutes silence called for by the CEO before the recent meeting showed respect.

with luck this could become a model for the whole of south africa.
the ceo's recent video interview showed respect for the families of the dead and emphasised that safety was a priority.

given a steady world economy lonmin could be a great investment.
but one thinks that once the Glen/strata deal is complete the predators could be on the warpath.

As for glencore not being interested platinum, Ivan would say that wouldn't he, he is at heart a crafty del boy trader.
we will ignore and wait.

[arja] 20/11/2012 09:58

and thanks for confirming it miti1000.

[arja] 20/11/2012 09:56

yes, a bit odd as market is not that bullish today so far and LMI still rising !

[miti 1000] 20/11/2012 09:42

Arja,
Yes , you are right lmi should be trading at about 273.92...its a stupid rise which should retrace a bit later imo.

[arja] 20/11/2012 09:40

sorry , I meant about 160 although they made be higher with time value .

[arja] 20/11/2012 09:34

Insails,
Interesting that share price today is about 30p higher if my calculations are correct and I assume the rights nil paid are trading at about 170p ? Is the rights nil paid quote on ADVFN and under what epic as might be a trading OPP in next few weeks ?

[bobsidian] 20/11/2012 09:06

Revised Net Asset Value per share around £3.92.

Revised Net Tangible Asset Value per share around £3.36.

So current share price trading at a discount to both whilst ascribing less than zero worth to mining activities.

Still the issue of what will happen when the huge number of new shares come to market with their sizeable premium to the current share price.

Given that the new shares come to market on 11 December it would not be surprising to see the current shares continue to move higher until that date on the back of perceived resolution of financial uncertainties. However, the dynamic may be that as the current share price rises so the value of the nil-paid rights will fall and vice versa. But I suspect the higher the current share price moves up to 11 December the greater the likelihood of significant profit taking thereafter.

[hectorp] 20/11/2012 08:57

Makes it very difficult to know the fair trading price of the share quoted..
Lonmin looks very oversold though, relative to its price of several months ago.

[insails] 20/11/2012 08:47

Stock is trading in Nil paid form in case you are wondering why the shares appear to have fallen by nearly 50%.

For every 5 shares you held you now have 9 Nil paid shares too that are trading at around 140p. You can choose to sell them in the market or take up the rights at a price of 140p per share. The Nil paid value will obviously be the difference between the new share price and 140p.

[theprovosts] 20/11/2012 08:38

taken from LSE but, is it correct in thinking those that took up the issue now average 251p?

TY

[undervaluedassets] 20/11/2012 08:14

Are the rights trading today? and does anyone know the epic?