The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
They actually fell less though during corona, in reality we should now be not 18p but 25p
Largo has doubled in price since it reached its lowest point in March. If we had done the same we'd be close to 18p already.
Additionally IES's share price has more than doubled in the past few months.
The share price is lagging behind but that gap will close. Give it time. At least the fundamentals and the progress being made is all so positive.
Largo up 4.5% to 1.19$c now, this is complete joke now
Maybe Bushveld should do the same with nitrovan then , this would result in a 40% increase Tonnage if they copied largos model
Libero - the company use the Chinese price in the accounts when measuring year on year changes. There is no listed price for Nitrovan which is specific to Bushveld. I'm aware it can come at a premium, the price is never advertised, but I am sure Fortune alluded to a price of $50 last year as a target. A target of $45 for Chinese Fev is ideal-ish.
oh blimey, that's a massive difference then!
Either Largo are declaring things in a way which appears to overstate their production by almost 2x OR we should take a leaf out of their book because the stock market seems to lap it up!
A subtle difference that catches even the so called analysists out when comparing the production of Largo and BMN is that Largo lists production as tonnes of V2O5 which is only 56% Vanadium by mass.
Where as we declare metric tonnes of Vanadium.
RNS : Aim market makers under investigation by FCA and forced to rerate Bushveld minerals shareprice 90% to 24 pence.
(Well we can all dream :-( )
Yes Largo shareprice now higher than its 6 month peak, for a fair comparison we should be over 24 p now !!!
Steveg can't be the only reason the low sp though. Look at Largo the rises they have had recently
SteveG,
Fairly sure Bushveld's vanadium ("Nitrovan" ) trades at a premium already so it'll probably only require V prices to reach $40/kgV for Fortune to get his ideal price of $45/kgV for his vanadium product.
're my last, you get the drift, I hate phone keypads...
jhill and it is worth repeating because there are an endless number of posts stating that the price of Vanadium is increasing
Honestly Steveg, never heard you mention that before
No question we need the price of Vanadium to rise, ideally to around $45 , that Chinese price for 80% fev. Fortune stated it needs to be higher in recent interviews.
It's not a low price if we are at correct PE which is 6 ish I recall. Really don't see why were are not min 10 and possibly way higher due to BE.
But again the way the sto4y is told, the buys of information missing and the lack of detail allow games to be played as so much is uncertain.
I am convinced there is a reason butbitis infuriating and will need to end if the move off AIM I think as the market will demand more, which ironicay is what it is doing anyway in my opinion.
Hi calamari,
My target is 100p+ which, broadly speaking, is based on...
(1) My expectation that V demand and prices will increasing significantly as a result of demand exploding as a result of VRFBs becoming increasingly used as part of energy transition and based on the fact there's expected to be a widening supply deficit in years to come; and
(2) My expectation that Bushveld's own production and sales will continue to increase rapidly to 2-3 times more than what they produce at present.
(3) My belief in the CEO & BOD to continue to execute what has so far been an excellent strategy and to continue to negotiate superb deals like they have done in the past - as proven by the NAV increasingly multiple times over in the past few years.
(4) It's ridiculously undervalued based on existing profits and looking at the P/E and EV/EBIT ratios. In a way that defies all logic.
DYOR of course but Bushveld is by far my favourite company in my investment portfolio and my largest holding because I believe it will multibag many times over in the years to come.
My immediate term target (over the next 3 months) is to return to 20p - which is still 50% above where we are now.
Hope this helps.
Probably was some fear of second lockdown but looks like new cases in SA are now declining so I expect this will recover shortly.
I counted about 7 million shares sold in the previous 3 days that I attribute to a single seller (though accept there are other possible explanations). Any moderate intra-daily drop may well be the point when the MMs get the next sell order to fill. Source, motivation and duration of these actions remain uncertain. No doubt for me that current price is low only as a result of this. Still good opportunity to buy.
What frustrates me is that Bushveld’s share price has broadly followed the vanadium price decline down to a T up until Covid. Covid news sent shares rapidly falling everywhere. Most companies that are actually rather unaffected by Covid have recovered fast to their pre-Covid level (or close to) but we are still 35% away from our pre-Covid level.
And what makes it all the more ridiculous is that the vanadium commodity price has actually increased in recent months.
Whilst it is frustrating it does present us with a great buying opportunity.
Similar thing happened with DLG. It was trading roughly 40% lower than it’s pre-Covid level, I realised this was v unfair so bought at that level, and now it’s very almost back to where it was. Once I’ll sell (1st sell will be a week from today) it’ll be some of the easiest money I’ve ever made. And I’m to definitely going to be investing more here because this is an even greater buying opportunity in my opinion.
Especially now there’s been such definitive progress with Eskom. (And I include the Enerox acquisition completion as part of that)