Daily Stock Market Report (Thur 17 April 2025) - CAM, IPX, IOF, RGG, WKP, GFM, KMR, SBRY, RCFX, DNLM, AWE, ROO, N91, EMG, IDHC

Yes, I didn't realise the 25% divi deduction and am in the process of trying to reclaim quite a lot.  It does make me minded to accept a bid.  Tricky, as the rejected bid is at 530p from the ex-MD and DD is continuing.  I really want BHP or similar to have a sniff...

LG & Sparkler

In terms of new paradigms it could be fair to add ‘when the facts change I change my mind – what do you do?’

Bear in mind that gold has been in use for centuries as an accepted currency long before fiat currencies. There is a finite amount of the yellow stuff on the planet whereas the other stuff can be created at the drop of hat. Which gives better lasting ‘value’?

I’m happy with the performance of my yellow holding. Maybe we’ll get back to a Gold Standard to save the fiat junk 8-)

BRICS countries buying Gold and will continue to buy even more as they prepare to have their own currency………….

Same will happen in the US with BTC during current administration.

All the best 

How do we claim the 25% back through t212 is it possible?

Wouldn't it be a bigger risk to PayPoint (LON:PAY) that inpost push more automated lockers and so cut paypoint out?

Mark - Two very different mining coys reporting today and as highlighted by Mark - the emphasis placed  on safety is worthy of note. Kenmare Resources (LON:KMR) has always placed great importance on safety - not so Griffin. I will hold on to the former and have sold the later (amazingly at a profit!)

As it's a dull day at the end of a short week I thought I'd go slightly off topic with mention of Gamma Communications (LON:GAMA), who have no discernable news out today.

Gamma is, to my mind, a well run, capital light company that's done a good job of expanding through M&A. It's UK and European based and not directly affected by any of the emanations wafting our way from the US. 

Like a lot of other companies the price has come off over the last few weeks and months but there's been no obvious company specific news to cause that.  However, Gamma is moving from AIM to the main market at the end of this month, and as it was heavily held by some of the AIM IHT protection stocks that's triggered selling - Octopus are now nearly out, having held about 8% at one stage. Presumably any other AIM funds must be close to finishing their sales. 

Gamma will enter the FTSE 250 at about midway and, at that point, comes onto the radar of a much wider set of institutions (Liontrust and Aberdeen have already been buying - some here may consider that a bad sign, of course). 

There's no guarantee that any of this will trigger a re-rating but it does provide a bit of a tailwind. And if you buy now, while on AIM, there's no stamp duty to pay.

Have a good weekend all.

timarr

Maybe Way, and PayPoint (LON:PAY) have been careful to do deals with other carriers like Royal Mail. Collect+ does have lockers, but lots of their shops will be in places not suitable for lockers so there might be an opportunity for Inpost and PayPoint to work together if there's the will. 

One step at a time though, it's all a secondary worry in my mind because Yodel isn't now living day to day at risk of going belly up so that's the immediate concern overcome. If it comes out Inpost tried to buy out PayPoint, then that they declined such an offer would signal a defensive stance.

Excellent post about GAMA  timarr, I hold and am thinking about adding more but couldn't understand the weakness. It had gone out of my mind about the move to the main market, thank you.

Good chance of a 5 to 7% pull back in the next few weeks if you are a believer in technical chart analysis.  I won't be selling but will add if there is a pull back.

Start off here, https://www.revenue.ie/en/comp..., with dividend vouchers and certificate of UK tax residence from HMRC.  It's a faff, and I'm still waiting...

A few weeks ago, I was considering investing in Impax Asset Management (LON:IPX), but on the 8th April it suffered some bad news, which was covered in the Daily report where it was given a RED status, so I decided against investing in it. But today I see above it's been given an AMBER/GREEN status. I'm not seeing much difference between 8th April and today, so wondering why it's jumped from RED status to an AMBER/GREEN status, can anyone help me to understand?

Gold is worth whatever investors are prepared to pay for it, so don't think you can say this or any other price is bonkers. Gold must surely be an obvious alternative for central banks looking to reduce their exposure to US treasuries and the dollar, so no reason it can't go away lot higher in my view. 

Am I the only Stocko reader reading about the UK government's concerns about the strategic importance of UK steel manufacture at Scunthorpe and struggling to reconcile this with their attitude to the UK's O&G assets? It makes me wonder if there might be a surprise ahead.  I don't hold any UK O&G assets, but I am curious to see how this pans out.

When you know your currency is worthless, having some gold is not a bad idea.

Hi Stephen - I share your concern -it's been a disaster  not since April but back to January. Reminds me of John Cleese and the dead parrot. But we all have our emotional ties and I guess this is one.

Is this necessary in SIPP / ISA?

It makes no difference. It's taxed in Ireland before it goes into your account.

Both Collect+ and automated lockers will grow exponentially over the coming years.  In industry parlance,  Out Of Home (OOH) offering is seen as both efficient for the courier and increasingly a chosen option for the customer.

I think we’re far from saturation point at the moment. It’s now not uncommon for Collect + stores to be on the same street, I even know of examples within feet from each other.   It seems to be the case a shop needs to offer this service just to keep up with others.

Is it a case that paper money has devalued and that is why the gold price has gone up?