Interesting perspectives guys, I am down on my purchase price, but with 5% dividend I was going to sit in the stock for a while. I am hoping for a return to increasing global growth and therefore more need to commodities. Although I note their is fear of deflation in India, ( despite NII is motoring at the moment). I haven't followed China at all. Although perhaps I should. The Nigerian economy is growing at 7% despite low oil prices and BRFI has taken a hit. Its perhaps another one for consideration, if the oil price recovers and the Nigerian and Kuwaiti economies weather the storm. Anyway for the moment I think i'll stick with this one, as 5% is good value.
Spottie , I enjoyed reading your post .good luck with the share.Always nice to read an opposing point of view.
FWIW, I think that much of the bad news has been factored into the price already, including the consequences of the broader macro-economics. That's why I've been buying up at below 300p. But GLA (and seasonal greetings!).
To be honest , I can only see this equity collapsing.China is starting to stagnate, commodities have been over stocked and the mining sector has had an atrocious year which I do not believe will be improved in 2015. This has presented a strong spread betting sell for me @ 302.54
Agreed Spottie, and I did buy more. JP
Indeed, so well worth topping up, especially last week when the share price was below 300p. A nice long term holding.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.