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.
Thinking of topping up if this drops again tomorrow, the fundamentals are too strong. Rh and pall in particular. Next update and an ex dividend date all in under a month too. The swings in sp are painful though
If I had any less emotion I'd be dead son :)
OK, man enough to admit I may have came across slightly 'off', so apologies. But I stand by the context of my post 100%. I just thought your post was pointless and panicky so let's roll it through the garden shall we?
1. It is fab that Rho and Pal are at all-time high levels but what goes up always comes down. And then what...?
Who knows? Yes, stocks go up and down. Weird but true. If we all had crystal balls we'd all be kicking back in a thai beach villa. Worth remembering our basket costs. When Rhodium was 8000 an oz end of 2018/2019 everyone was laughing at how much money we were making, but as a LTH you know this right?
2. Is SLP a one trick pony? Is that why is has not yet breached (for any lengthy period) 70p?
Currently, yes and more than happy with that fact. And we have only just breached 70p so I repeat, WTF are your expectations? It just keeps moving up in a straight line? Get outta here. Again, if you're a 'long term holder' as you claim to be, you should be smiling right now. Or are you a 'got in late July' long term holder?
3. So do those who have a big stake here as LTHs (as I do) intend to exit (if that happens..[when]) and then buy back in?
No. Why would you? You invested here as you did ya research right? You want to trade the swings, go ahead. And good luck calling a 'bottom' on an upward trajectory.
4. what did you chaps think of the FD? I wasn't impressed - especially with the "aren't you glad we didn`t hedge" comment. A cheap shot, in a rising market she couldn't lose. Let`s see what the position is under pressure...
Not much. But who cares? What relevance does it have? If the position comes under pressure? If you think the position is going to come under pressure, then do the needful - derisk your position or sell out entirely.
Chill? Take the plank out of your own eye etc.
Too much emotion there, you`re on tilt as they say in Vegas.
If you don`t like it - leave....Hmm, that's what I expect over on the SYME BB not here.
But I will take on board what you say.
S
This is pretty much doing what the feller in IC said the other week but at a level higher than I expected. I expected it to be about 60 till the next results in mid/late October but it looks like some people are taking their profits and the good news is that there enough people wanting to join in now to realise the next step of the journey. We are in that swapping over period and all is good.
Sirius I would say the CFO position is not very key. The financials are very simple, there's no debt, no hedging, 2 customers, not that many suppliers, not that many employees. And they have never seem to be involved much in the strategic decision making. I just hope she has someone good to do the modelling for Volspruit and to take care of that bank account.
I sold half my holdings recently, but prior to this SLP was around 35% of portfolio after the recent gains. My own valuation is around 100p based on all available facts. The simple maths of my high discount rate means that as future cash flow is converted into cash holdings the discount on future cash flow unwinds, my valuation rises, and the SP will grind higher as it has done so for the last few years. I think it will push higher but the next leg up to 80p will be a slower grind and I'm on the hunt for dynamic opportunities with more near term upside.
I generally always buy on a significant dip, if not for a long term hold than on a spreadbet. But I consistently take profits and recycle them into other areas of the market. I'll continue to keep a core holding and opportunistically add more
Jdevereaux I don't think so. That's their niche, PGMs. Concerned? Move on? Fairly simple. Think the PGM prices are unsustainable? Take some risk (or all of it) off the table and move on with your profits into Intel. We are all waiting to see the outcome of the cash in the bank but if you don't have the appetite for what's cooking in the kitchen? Get out. Risk / reward for every stock.
Stoodio you've been way too harsh here. It's a very reasonable question from Sirius50. SLP is clearly an exceptionally well run operation, but they are exposed to the volatility of the PGM market. Given the amount of cash available in the bank, it is disappointing that they have not set out plans to mitigate this risk. Either acquiring assets to increase PGM production, or diversifying into other metals would offer some protection to the current level of profit against a fall in the PGM market. I think we would all welcome this.
You need to chill brother. WTF are your expectations? We are at all time highs here so what's the problem? Breaching 70p? Give me a break. The SP will do whatever it wants to do.
I'm in since 6p. Since then it 'breached' 10p. Then 20p. The 30p. Then 40p. Then 50p. Then 60p. Then 70p. We are where we are and I'm very happy. Up's and downs, granted, but wtf do you expect here? Just a continuous daily rise until we hit £100?
Give me a break. "What goes up always come down, then what"? Your post is primitive at best. If you don't like what you see as the long term holder you profess to be, jog on brother. You've made good money :)
It is fab that Rho and Pal are at all-time high levels but what goes up always comes down. And then what...?
Is SLP a one trick pony? Is that why is has not yet breached (for any lengthy period) 70p?
So do those who have a big stake here as LTHs (as I do) intend to exit (if that happens..[when]) and then buy back in?
Incidentally, what did you chaps think of the FD? I wasn't impressed - especially with the "aren't you glad we didn`t hedge" comment. A cheap shot, in a rising market she couldn't lose. Let`s see what the position is under pressure...
S