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Share Views: Mike van Dulken on today's Company Results and Macro considerations


Member Info for lemmink


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Member Since: Sun, 20th Sep 2009

Number of Share Chat Posts (all time): 1,384
Number of Share Chat Posts (last 30 days): 15

Last Posted: Wed 13:25


Post Distribution over the last 30 days




Wed 13:25

Order expires 25 Aug set to sell 5k@ 94p ... hldng 110k ... can't get a live quote for a sell
Tue 23:35

Part of it is being paid for by new ntbr shares on an inferred price of 82p ... overall price and payment structure timings conditions etc seem reasonable ... though they seem to have bought something that has recently declined in profitability?
Mon 13:07

Holding a fairly moderate but substantially reduced position and not sure what to do with it...
The production results to seemed good enough to stave off an immediate business failure scenario but did little to inspire long term confidence.
I think Lonmin is currently not sufficiently credit worthy to deserve its existing loan facilities and that they may end up being replaced with a SEDA (Standby Equity Distribution Agreement) for working capita purposes, possibly preceded by a smallish placing for a medium term capital project (if a backer can be found??)
I suspect the next quarters results will be poor without a prolonged increase in POP.
Will it retest £1 a bit more forcefully than before ?? !!
Sat 17:57

20p h1 & 10p-15p h2 ... still good looking numbers
Sat 13:49

Can't remember much about the numbers ... think I had it as underlying eps (2016) at 27p off an average iron price of $54 - $58 with eps going up or down by 1p for every $1 movement to the average iron price. So guessing underlying EPS (2017 H1) will be circa 35p ... with another 20p looking possible for H2 ??
20 Jul '17

Hello, I'm doing ok thanks, hope you are too... did I see you on the Lonmin bb earlier? ;-)
For a while now I've been watching Fxpo, wishing I hadn't sold at £1.48 and thinking oh ffs! It looks like it's got £3 written all over it. (Iron in mid 60's)... I don't want to buy back a large position, but it's probably a harmless place to park a little spare cash for a while?
20 Jul '17

Possibly not worth paying a quid each for these as it stands?
20 Jul '17

Bought 5k @ just under £2.24 inc dealing costs ... expensive these days lol ... but seems to be pretty relentless in up trend.
19 Jul '17

Sold 5k @ 88.3p ... holding 110k
19 Jul '17

Sold 5k @ 86.2p ... holding 115k ... price holding up well so far


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