Myanmar Investments Share Discussion Threads

[sbp1] 05/4/2011 10:55

Excellent news....This blows the placing rumour right out of the water....Not long until we see the share price back to where it should be.

Interesting quote :

Commenting today, Jeremy Dowler, Baobab's Chairman, said: "We are very pleased to announce the continued support of our partner IFC as we accelerate our 2011 work programme at Tete. It is interesting to note that the corresponding contribution in April 2010 was approximately US$700,000.

WE ANTICIPATE THAT THE IFC WILL BECOME MORE INVOLVED AS THE PROJECT PROGRESSES INTO PRE-FEASIBILITY STUDIES AND IN THE FACILITATION OF ACCESS TO PORT, RAIL AND POWER INFRASTRUCTURE."

[sbp1] 05/4/2011 10:46

RNS - IFC CONTINUING TETE PROJECT PARTICIPATION

[m1tu] 05/4/2011 09:33

closed my t20 on sea, was rellaying on bao to pay for sea,, since bao going down, no back up.

[azhardar] 05/4/2011 09:11

and im going to sleep
had enough same patern again like yesterday rise in first hr and then free fall

God knows whats going on

[haroonm] 05/4/2011 08:56

OK THATS IT...IM GOING TO TAKE MY tan/bao/sea FRUSTRATION ON A SQUASH BALL AND CHAUDRY SAAB. ACTUALLY IM GOING TO USE CHAUDRY AS THE SQUASH BALL. C YA

[haroonm] 05/4/2011 08:34

just a suggestion guys but im sure you know what your doing... try to ease up on the open position in bao as the last thing you want is to get caught out.. if you believe bao is going to go to £1 or even £2 then sit on your paid for stock and relax. there comes a time when you have to be content with the holding you have accumilated in a particular stock. trying to trade at a high price only pushes the average up when you have to buy the stock you have bought at a high price and it goes the other way. hope that make sence.

[azhardar] 05/4/2011 08:29

mitu is right few people were talking negative over the weekend about bao so pricego down and they can get in and i think they got their shares now the bigest winner in this situation are NRRP holders some money is pumped in their and almost over 20% rise in two days....
I'm glad bao is up a bit it shame that when ever bao dip i don't have money to buy some more

[azhardar] 05/4/2011 08:25

Working out your Capital Gains Tax for 2010-11
For gains on or before 22 June 2010, Capital Gains Tax is charged at a flat rate of 18 per cent.

For gains on or after 23 June 2010, individuals need to work out their total taxable income before working out which Capital Gains Tax rate to use.

1.First work out your taxable income by deducting any tax-free allowances and reliefs that you are entitled to.
2.Next see how much of your basic rate band is already being used against your taxable income. The maximum basic rate band for 2010-11 is £37,400.
3.Allocate any remaining basic rate band first against gains that qualify for Entrepreneurs' Relief - these are charged at 10 per cent.
4.Next allocate any remaining basic rate band against your other gains, these are charged at 18 per cent.
5.Any remaining gains above the basic rate band are charged at 28 per cent.

[m1tu] 05/4/2011 08:22

Wa'alaikum salaam, i see the tan rns, it does look good but the market dont seem to like it, dropping, maybe temporary. , bad rumours are being spread over at bao, to get to price lower, we should always focuse on the end result, at the end of the project, im expecting over £2 plus, market cap over 500mil, you will get all sorts in the middle trying to make money from a share.

[haroonm] 05/4/2011 08:18

ok i give up with these mms....tan should of opened minimum 10% UP however they up to there games again. no trades going in something happening.

im glad bao is up for you guys hope it keeps it up.

[haroonm] 05/4/2011 07:58

All in all I think a good set of prelims considering where we have come from. Remember, Tanfields NOMAD will have strongly urged them to be conservative in terms of outlook. Key points to note:
1/ Turnover of £43.5m (2009: £43.1m)
2/ Net cash at 31 December of £3.6m (2009: £5.4m). Net cash at 01 April of £4.8m
3/ no debt
4/ Return to growth in 2011. 2011 dubbed for AWP as year of transition to break-even and growth. In the event of a sustained recovery, causing growth that requires increased working capital, asset based borrowing capacity should be available to support the growth. Hence implies no placings and dillution to shareholders. Remember with IPO on cards for SEVUS if needed cash to fund expansion could eventually sell lines of stock going forward if necessary as well depending upon what will deliver the greatest reward.
5/ the major equipment rental companies, which globally account for approximately two-thirds of all aerial lift purchases have started replacements of stock. Just read into such company results such as Ashstead. Snorkel's order intake substantially increased in the first quarter of 2011, indicating that a recovery may be underway.
6/ Although not mentioned we have 32.2% ownership of SEVUS worth £37m - sold for £15m and 32.2% of $58m raised. With IPO this will be worth a lot more than this.
7/ Chairman on record as sayiong "Tanfield is on the right path to recovery and a secure future"


One further point - current market cap £39m. Tanfield's stake in SEVUS worth £37m (plus more of course once IPO) , net cash £4.8m - means that on current valuations Snorkel worth nil (current revenues £50m+ per annum just about to breakeven and heading into profitability). Madness! Shows undervalued IMHO.

[haroonm] 05/4/2011 07:24

Asslaamu'alikum..

dar your right about the 28% (CGT basic rate 18%, higher rate 28%)..and also if you can deduct accountant fees then thats brilliant and i will do that aswell.

as for bao doing a placing i ask myself why would they need money and what for. as they have a cash cow in the name dutches.

RESULTS FOR TAN AND THEY ARE GREAT....A RETURN TO GROWTH FOR THE ARIEL SIDE... I SAID THIS YESTERDAY ITS WORTH HOLDING FOR THE NEXT 6MONTHS CAN SEE A MASSIVE RISE SHORT TERM. I HOPE YOU HAVE BOUGHT SOME ALREADY.

I STRONGLY BELIEVE ITS CHEAP AT THE MOMENT AS THEY HAVE THE SEVUS SIDE STAKE WHICH IS NOT REFLECTED IN THE MKT CAP.

[m1tu] 05/4/2011 01:54

bao rumours....placing at 40p to raise more cash, cant be true cause they can go to dutches, they got 1 mil coming in on june from JV southern iron. or could be...£10mil needed for the pre fessibilty studies. even if they do raise the cash through placing, its not bad news cause its working capital, will be spend on the project.

[m1tu] 05/4/2011 01:48

you can claim upto 5 years losses, you can claim all the expenses including L2 fees and any fees paid for advice and recomendations, i heard Dilka bought into bao, that explains the mmaahooosive drop all of a sudden.

[azhardar] 04/4/2011 23:42

Rumours of an imminent share placing at 40p dragged Mozambique miner Boabab Resources 5 5|8p down to 47 1|8p. After a big overhang of stock was cleared, Conroy Gold and Natural Resources jumped 1 1|4p to 5 7|8p.
Cluff Gold firmed 1 1|2p to 115 5|8p on hearing it has been awarded a new gold exploration licence in Western Mali. The licence is located 300km west of Bamako, the capital city of Mali, in the highly prospective Mali Birrimian Kenieba Inlier Belt, which hosts several world class gold deposits including Randgold's Loulo Mine.


Read more:

[azhardar] 04/4/2011 22:27

and another thing you can claim your losses from previous year even you didn't inform HMR infact you can claim previous 4 years losses....

[azhardar] 04/4/2011 22:26

and another thing haroon we might have to pay 28% CGT not 18%..great

[azhardar] 04/4/2011 22:24

barchart is still showing strong buy



rrl still strong buy



I really hope to have a good day tomorrow

[azhardar] 04/4/2011 22:20

haroon you calling it fun it was painful to sea sharp fall like you are being pushed from a top of a clif. I think mms will keep it at these level for little while now even we have a rns tomorrow but they will start it walking up and we will never come down to these levels again unless some thing goes wrong. anyway if people selling to get benefit of their exemptions then they have to wait for a whole month to be able to utilize the benefit so most of people are not aware like myself how this bloody thing works...

anyway haroon i was doing some reading about CGT it is complex matter and in the end i decided to through all the papers infront of an accountant and ask him to do it and good news is (if i get it right) you can deduct all the costs from your gain.

Step 3: Work out how much you spent to buy or sell the shares
If you've spent extra money to buy or sell your shares, you can deduct certain costs.

Costs you can deduct include:

•fees or commission for professional advice or services - for example Capital Gains Tax valuations, solicitors' and stockbrokers' fees
•Stamp Duty..

I don't know if you can deduct L2 fee...



any one else have any idea regarding CGT the please post it here .......


bao tax man is upset today too and i don't want you to let tax man down come on go up and up again tomorrow

[haroonm] 04/4/2011 17:53

i think is people locking into profits..before end of financial year. or could it be mms hitting the stops as if fell quite sharp and quick(a mahooosive tree shake) or could it be a double bluff another rns in the morning or maybe bao is bloated and had to let off a big one. i know its the dilka scenario again lads. it will be fun and games tomorrow aswell..

[azhardar] 04/4/2011 16:02

I think we will bounce back before close of today lets see otherwise i will sell some rrl tomorrow and buy more baos

[azhardar] 04/4/2011 16:00

i tried dummy sell 100k they offered me 45p . it showes they need shares

[azhardar] 04/4/2011 15:57

guys get ready to top up if you got the money
its painfull watching your profit crashing but i think we will be up and running again soon
lets see if i can log on to my tdwaterhouse to buy some mre baos

[m1tu] 04/4/2011 15:55

48p.....good time to top now.