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https://www.lse.co.uk/rns/TGA/tr-1-notification-of-major-holdings-1z8npjccb5rrpey.html
PUBLIC INVESTMENT CORPORATION SOC LIMITED
...ANOTHER -1% and possibly still 7.6% to go.
Does anyone know these guys? I am going to pay them a visit...lol
PUBLIC INVESTMENT CORPORATION SOC LIMITED:
The Public Investment Corporation is a South African state-owned entity with R1.907 trillion of assets under management as of 31 March 2020. It is Africa's largest asset manager.
Boys and girls I am out for now. Although I strongly believe at Tga fundamentals I am not prepared to go in red here.... Whatever is the reason SA gov is selling, there are still some 8 million shares to unload and can't see the sp making new high for now. Will look at development closely looking to reentry.
You've been ramping this share non stop and now you're selling out because one fund has reduced their exposure?
Wow I thought you were the one that backed this share the most?
Crawshaw,
Are you really surprised?
All the nonsense it spouts....I discovered the filter button a few days ago...it's got like the rest of the boards where unfortunately the ones that post the most, actually have the least to say and any regular name I scroll straight through mostly...shame really, only one on the list, maybe more will follow....
Not that I have to ask permission to sell, or either justify the reason. I could have easily say nothing... Moreover in selling i run the risk of having to buy back. I don't think anyone would have predict that the SA gov was starting to sell Tga shares, in fact I did not even know they own any Tga shares. If I know it before I would have indeed ramped up how positive is for Tga to have its interest aligned with the SA gov but possibly that would have been naive from my part. Anyhow maybe next time I shut up..... From the start, do my research and use this board only as source of extra info.
Weak shaken up flying up founder mental state not changed here
@@LL your choice to sell and buy all good here
What does it matter Crawshaw? Just to say been in profit 15k I sold today to break even.
Good luck to you Lucky, completely agree that its upto each and every holder what they do with their investment, and its comendable that you have posted your change in position. Been interesting reading your posts, keep them up :)
Thanks Daytradenovice. Unfortunately I am terribly adverse to risks and for this reason have missed many handsome profits to the point of having £millions in the bank. This my attitude allow me to cut short loss making positions but at the same time doesn't allow me to run the winners and take profit too early. With Tga I take no prisoners as I said made zero. If I can say what I think on tga sp without been passed for a deramper now that I am out, if the SA intend to sell all their holding, at the speed they are doing it the sp will be under pressure for a little while and only a continuous coal price increase could counterbalance it. Again if this can be some sort of apology I had no idea that a fund intended to sell shares, my assumption was that the sp was moving only out of private investors, anyhow again I take my chanse that could very well work out against me....... Have a nice week end.
Lucky,
The first rule of investing is to way up the benifits of the risk/reward ratio. That ratio is clearly an opposing sliding scale and After quite a rise of late, there is undoubtably a larger element of risk now (particularly if the SA government are reducing) than a few weeks ago. That doesnt mean the rewards are not there, just the balance has shifted more the other way. That fact has been proven this past two days with the sp drop, it is now holding at quite a lower rate. Nobody KNOWS where things will go in the future, we can all make arguments for our own narratives and viewpoints, but nobody knows for sure, best to see both sides therefore, positive and negative.
The second rule of investing is to preserve your capital if the situation changes as you personally see it. You can always reenter when rule one becomes more apt. That is often a hard thing to do when taking others views onboard on a platform such as this, everybody always sees posters as either a ramper or deramper - there is in fact a lot more middle ground availible where most people sit.
For what its worth, i also exited this morning before 9am having become alarmed at the drop from the 250's. I made a few thou, but not as much as i could, and am currently awaiting reentry having set some limit buy orders.
Good luck to you, me and everybody else, this game is a bit of a roller coaster at times isnt it.
I share your sentiment Lucky.
I believe you were in THS as well. Likewise with Fidelity selling out of THs at that time when Rhodium prices were robust led to stagnation of THS SP and much frustration!
Lost a fair bit during that episode after that given the eventual decline of the PGM prices.
Wide market has been a bit off colour too.
I also, perhaps stupidly, got spooked and banked half my profit at £3.22. EVERY time I do that the share start to continue its rise again. I should stop watching this BB. Still it's sitting in cash now just in case the sp does fall back a bit. However if it continues the rise up to £10 by this time next year (as expected), I won't complain either!
No banking any for me just yet still expecting the rise as I am seeing a pattern as mentioned before of higher lows
This 5k block buyer should have a big chunk now hoping to see a TR1 on that soon
Never stupid to bank profit Rylidan. Sounds like the three of us should put our hands up for the sell off this morning then lol.
Currently sitting near the middle of the days range so the jurys still out on the sp's next move.
The 11:31 post was a shock in that I was unaware of the depth of PIC involvement. There's a big history there for those who care to examine it. Someone also added a reference to ESKOM (another disaster). The bottom line here is the exchequer is bust.
I therefore steer clear of TGA and confine investment to DRX.
Indeed Scoooby, THS was an experience..... I am not going to fight fund selling shares, if they want to sell it has to be at lower price, so that I can buy in cheaper.
On what planet are TGA and DRX comparable?
Good luck, LuckyL,
I have a different view. The selling has been orderly. 2% has been absorbed by the market in a few days. Had we not had a seller then the SP could well be over or close to £4.
The SA govt may only be selling because the mcap is too small so doesn’t fit in with their high risk investments. Their holding could have been as a result of a strategic stake in AAL. TGA no longer fits their MO. So selling is not necessarily a sleight on TGA. Just strategic.
Up until now selling has been met with a rising SP so it has provided liquidity.
Selling comes to an end. Some of my best investments have been buying against a seller. There is usually a relief rally. A changing of the guard and if fundamentals are right new highs follow.
Here not only do you have a seller discount but possibly a 30% divi discount as well!
Trek
TREK..Your mention of TGA on the AVCT board got me involved here, but 2 days ago I got wind of what was coming with the first sale by SA Invest Co..So the downward pressure today was to be expected, however, I got out bar 1 share..I am on Monday or next week prepared to get back in, even if it means I have to pay more per share. I suspect the selling wind today, caused others to do the same as me, knowing they can get back in, even at a higher price, for the30% dividend next year..Next week is going to look better for AVCT, ODX and ABDX, as with LFT back in the groove, I might get more into profit with those 3, and use the profit to get even more in TGA..as who would not want a slug of 30% of FCF in a company with a product in demand?.
Finally, FWIW, the next 3 months on AIM is for sure going to be exciting, after many months in The Doldrums..eventually the wind does arrive for all sailors.
Thank you TM and same to you, hope you make a good profit..... If my trading decision for me won't work out, no matter, many other opportunities out there. It does seem I am doing something right though, yesterday sold 3 US steel producers I got in recently, on the hipe of projected ridiculous cash flow compared to market cap, well today another 7/8 % down.... Glad I got out. The general market seems very choppy right now and Tga is an exception but as I said not prepared to fight a seller..
I have hesitated saying this, Lucky, but you really ought to change your name. After all, you can’t really praise a share, do so so vociferously, and to do it in comment after comment, only to sell the moment the SP dips. Your words don’t seem to match your actions, and It implies that you don’t consider yourself lucky.
I am surprised at your reason because, with respect, it’s a rookie mistake to sell when you’re about to move from profit into loss. The market doesn’t know your entry point, and whether a share is good value isn’t affected by the price you paid.
Having said that, I sincerely respect your decision to declare when you are in and out - that takes courage - and of course only you can decide what makes you feel comfortable and when to sell. I wish you good luck for the future.