RE: Message8 Apr 2022 22:07
Hi Sotolo,
Think you might be on the wrong board - unless you used this one because I last posted here!
In any case in answer to your question:
I really haven't got a clue.
I bought into both SLP and THS because the PE seemed ridiculous particularly given the outlook for commodities. I bought into SLP at an average of 127 and THS at an average of 147. At one point SLP was in the low 80s and THS was just above a pound so I was underwater in c.30% on both. Since then THS has had a remarkable recovery to now leave me in profit by 7% excluding divs and about 10% if you include them. My SLP performance still looks pretty awful to the extent that dividends only make a marginal difference.
I confess I don't understand, other than a fall in commodities, why either dipped so much initially since I bought them, nor why THS has recovered so well but not SLP.
I do think THS is very professional, as shown by the fact that its Investor Relations monitor the BB and respond to questions as and when appropriate. As I have previously responded to them, I really think they are world class and are a lesson to other companies as to how to do it.
So I continue to hold both - delighted in THS' performance and somewhat depressed by SLP's.
Other than CEY, HOC and FRES I am also holding significant shares in RMM and JLP.
What about you?
Best wishes,
Prof