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I'm quite interested in IAG at the moment. I wanted to invest in IAG when it was 168p but couldn't as I had my money tied up in Shawbrook Bank as a Cash ISA and it took them 2 weeks to transfer it to Hargreaves Landsown for me to trade.
I ended up going with Cineworld instead which I was also watching. IAG would have got me a higher rise (52% vs the 32% with Cineworld) but I'm not complaining :)
IAG is a riskier share as it's more long haul flights . Smaller airlines, are fairing much better as long haul are less likely to be attractive to travelers for now. Keywords being 'for now' though. If a vaccine for Covid-19 is found or the virus subsides successfully, I see long-haul airlines picking up fast. IAG is currently up 51% in the last 2 weeks at 257p. It's price in Jan was 630p.
As I said, it's a much riskier bet but IAG is a well run company. They stated they had cash reserves to see them through 6 to 12 months of this pandemic 2 months ago and things are picking up.
Cineworld is a relatively modest riser over the last 2 weeks compared to other travel and leisure stocks. That's precisely why I see Cineworld rocketing still to £1+ in the short term. The world is trying it's best to get on track and more and more good news is being released everyday. Ride the way to good profits!
The markets priced in the worst. Human ingenuity and collective will to beat this thing is helping to improve the current climate. Buy when others are fearful and all that...
Interesting comments Investroid. I'm relatively new to investing stocks so alwys looking to learn.
Regarding the leisure sector and your thoughts that, like Cineworld, others may flourish as people are allowed to resort back to escapsim in the near future, do any other stocks in this sector catch your eye?
Having a balanced view isn't being a Doomster. I fully see Cineworld going up and up before the Q2 GDP data is released. What I am saying is that it doesn't go up in a straight line and I don't want to see newby investors get lumbered by buying at a peak.
I put in £10k in ASOS at 1200p and sold at 2114p, making around £8.5k profit. It's now more or less 3000p. So many naysayers then also said it's going up too fast, yadda yadda.
Here too over the last few days, calls of retraces and lower buy-ins. The general consensus though is that it was going to go up, even for the blatant traders, this wasn't a fact that could be overlooked. 60p to 83p as it stands. Which isn't much considering the stock price in Jan was 220p and that Cineworld can make profit at 30% capacity.
Day trading seldom leads to increased profits because it's hard to buy at the bottom and sell at the top.
I prefer to have a target to be out for good. I didn't get back in ASOS after I sold as I looked for the next big thing. That next big thing is leisure stocks in my opinion, chiefly of which i think Cineworld will fly.
The world needs entertainment. Escapism. Now more than ever. I'm not interested in swings. I know this is dirt cheap and will rise much much higher, sooner, rather than later. I'd rather be in than out.
@grimrip44 - yes, I am trading now based on my risk appetite. All I was saying is that buy at the right price :) If you invested in 50/60s and have the guts to stay put, then I admire your courage and wish you well. I was wrong at several points, will be glad to accept it, but am in for the long run after making some money.
I sold at 58p a few days ago LOL, congrats to all those in the wave :-)
Crazy rises the last 2 days. No idea where this is going the rest of the week, might be taking a breather for now? Dow opening up strong again though. Lots of positivity in the US about the lockdown opening up. Carnival flying today!
Sam_bar... you’re trading, it’s all in your history so you’d support anyone that’s conforms to your agenda/trading strategy. You sold out at 70p, missed the latest leg up and are calling for/supporting a retrace to suit a better but in for yourself. These are not FACTS that Nightyard is quoting, look at what’s happening around you.., EVERYTHING is on the way up. Look where CINE have come from, what the SP has dropped from and then ask yourself with Cinema’s opening across the globe (and in the uk 4th July) - where is the SP heading??? These doomsters need to get a grip ... I think they’re the ones suffering from FOMO!
I would exercise caution on supposing that the pandemic is calming and that it is under control. I monitor each week the excess weekly deaths (this year vs average of last 5 years), which I believe to be a better measure of the real COVID19 impact. Surprisingly, last week the weekly excess deaths increased again for the first time since peak. If that data point doesn't improve next week, there could be lockdown measures for longer.
https://www.ons.gov.uk/peoplepopulationandcommunity/birthsdeathsandmarriages/deaths/datasets/weeklyprovisionalfiguresondeathsregisteredinenglandandwales
I agree with sam. I was out last thusday to hope to buy back in at 52-53 p and now its 80p+. Yes i did miss the profit but i wouldn't buy this if its not back to 60p. Lets see where its go for next two days. Gla
I agree with @nightyard. 2 days of meteoric rise without any major news is too good to be true. Stay tight and buy it at the right price. I wouldn't lose sleep either if you miss this wave, the next one is round the corner after it retraces ;)
I would support the opinion of Investroid. Fundamentals are driving this share price up as, comparing to our neighbouring European neighbours and as far as the Middle East, cinemas and retail are re-opening with control procedures.
To compare the share price to April, prior to the latest developments and the board issuing a comfort statement that capex costs were reduced by over 80% and negotiations with lenders was progressing well is niave at best.
The FTSE 100 and 250 is rising on positive news that the pandemic is calming and governments are approaching milestones to ease the lock-down further which will see positive footfall and patrons visiting cinemas and other leisure activities.
A hell of a lot has changed since April. It's June in a few days. The developed world has largely overcome the worst of the pandemic. We're controlling it well and in fact in some countries it's all but been eliminated. Plans for normal life are now in fruition. You're comparing apples and sour oranges.
I'm trying to provide a contrast to your blatant ramping.
I missed this rise and I won't be losing a wink of sleep over it, however, the risk/reward is obviously decreasing as the SP increases.
There was a similar rally back in April which retraced.
Thank you
Says the guy looking to get back in at 60p when it was 70p+ lol
You called it wrong then, you're calling it wrong now.
For anyone looking at jumping in here due to FOMO, please base your decision on your own research, experience and intuition. Don't get swept up in people spouting £1 imminently etc. It might go to £1 soon but please take a balanced view before jumping in after 2 very strong days of upwards movement.