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Kind of wish I was still holding them now!....what about that for an understatement?
I remember buying 25K of GPK in 2009 for 5.5p end up to reach past £4...obviously I was out much earlier. How NOT to become a millionaire.
I distinctly remember Baron tipping me SLP at 7p and I was able to buy about 2.5m shares due to II offloading. Of course, I got bored and sold for a relatively very small profit. Kind of wish I was still holding them now!
When holding money for clients, it's often not the choice of the fund to sell if they need cash to cover redemptions and so on.
Thanks, it's an argument. We only need to have the balance of probabilities on our side. Still surprising there aren't more buyers if it's so undervalued. It's not hard to buy as many shares as you want.
SLP would be another example of this.
I remember the share price sitting at c. 37p for an age as institutional investors (in all their pomp and wisdom) offloaded onto PIs.
Correction: SQZ it took about 2 years to get to 100p. The point is, it was easy to see, given a few basic calculations that SQZ would soon be generating at 5p, their entire market cap in cash every 6 months. Yet Fidelity sold out.
PIs tend to believe that institutional holders have some kind of special knowledge/are more skilled at investing than even a well-researched private investor. This is simply not the case, doubly so for pension funds, who have no specialised knowledge in the area of the market they are dealing in. Fidelity, for example, sold out of SQZ at 5p, allowing people who saw the cash flow potential to accumulate large positions. It subsequently went to 100p within a year of their sales.
Hi HighAndDry!
I suppose:
1. The periodic very large sales that balance out a book which is otherwise very one-sided. E.g. last night we had one sell of 910,000 shares. That's probably not a PI!
2. The Fidelity RNSs which show them reducing from well over 10% to below 5% some time back. If they are the only institution selling, then they must be nearly out by now. But we can't be sure of that.
3. The fact that the fundamental case for Tharisa is now SO strong, but the share price isn't rising. The seller is sucking investor interest away from this company by holding the share price nearly flat for so long.
I agree that volume is only average, but that's what happens when a share price is held down. I firmly believe that our seller would both shift more shares and get a higher price if they played their cards better and allowed the share price to rise. Hence why I called them dumb (and I do hope they read this board!)
TBTT, on what basis do you think there's a seller holding the price back? The trading volume for THS looks to me to be quite a lot lower than SLP and JLP. If there were as many buyers for THS the seller could easily unload, but it appears not to be the case. I appreciate it did seem to happen on the last big jump, but that makes no argument for it to be happening again.
Tiger, actually 4 years ago our share price reached just about 10p higher, I am looking forward to it taking that price out as then we have blue sky. Same with rhodium at $30k, but every time it has a peek over the parapat it puts its head back down. As said a week ago gold looking good for now, especially with such huge negative sentiment, and particularly cey again. I sold Tui to buy some more and some more here last week.
Hi PlanetsAligned
sure lots of money around need allocation , they are intended to pay down debits but with rate so low this is for another day, and institutions and also retail investors are spending and some also investing. One thing that I am starting to realise is how 360 degree as become the investment scenarios.....Central banks are now powerless with their rate policies all they can do is rise rate from zero at their peril....Is down to market forces now to regulate prices and looks like many stocks are going to be supported by commodities indexes and the money flow. This is why some indexes are rising more that others. The Nasdaq components sell goods that are subject to consumers spending and have no future index support, I mean you can't buy iPone future so the price is tightly bound to price competition. With commodities is different...So long as this commodities price inflation doesn't rise too fast this could really become a commodities supercyclice.
Absolutely agree TBTT. It does however allow latecomers like me to load up with what looks to be a no brainer trade. Its amazing that people hold institutions in such high regard when they act in such a way, given that it happens so often.
Hi Lucky, many commodities are also seeing prices rise because of the sheer amount of money printing from central banks. Even with constant supply (let alone supply disruption) that’s a huge amount of newly minted money chasing the same amount of goods. I for one but into the commodity super cycle story and overweight am overweight on the miners. Increased mortgage lending will also fees through into inflationary forces IMO.
well if technical rules apply to this share as well, lets go past 159p and the sky in the limit....it may just combine with H1 fantastic results on the 27th May. I am looking at Fxpo sp rising on relatively small volumes now that also its sp have passed all time higher.....
It's all a bit crazy, IMO.
In Q4 last year we can predict that Tharisa made windfall profits. In Q1 this year it is clear that it made bonanza profits. Since April 1st, profits have been even better (a word bigger than "bonanza", please?).
The interims in which we are due to get the financial results in black and white are only two weeks away. By all normal measures, Tharisa will emerge as incredibly undervalued. A healthy dividend should come with the interims as well.
And yet our seller is dumping these shares into the market like they were stolen goods they have to get out of the back of the van as quick as they can before the cops nab them!
Yes TBTT just noticed a 1million share damped yesterday after trading hours.
And yet sp creeping higher and higher. They seller may be looking at some technical and been THS near all time higher sell been triggered..
totally agree tbtt, surely they cant be this stupid surely
although, for whatever reason, it is hard for funds to sell big chunks but agree, a steady trickle would have been easier and more profitable, but we will never know the reasons, and they might be very much time based
all good for us though
the longer the current pgm basket price lasts.....
On this matter I am now starting to believe in conspiracy theories.
Have been aware of recent increase in some commodities prices, reason been supply disruption due to pandemic among other reason like supply/demand unbalance. But I am seeing now a commodities price rise across the board, just yesterday we had tea, coffee, orange juice among many other rising between 4 to 8%. I am thinking in this environment PMG are going to rise among many other commodities and the specifics of the supply/demand on this sector goes out of the window.....The only spectre that remain to hunt the stock market is the possibility to an interest rate rise, but I am sure the Fed will keep reassuring the market on that not happening for a couple of years if ever.
Now 149.7p to sell - which is the highest it has ever been (bar uncrossing trades).
That said, I think another large parcel of shares has been placed with the market-makers to sell (let's say at 149.5p), and we're now working through that.
To be honest, I'm still amazed by the rank stupidity of the institutional seller. Selling Tharisa is not exactly a good decision in itself, in my book. But to sell in this dumb manner is beyond me. They would - I think without question - make more money and offload more shares if they let this share rise to a more "natural" level. I guess it's just another example of why you shouldn't let strangers take care of your money.
Hopefully the interim results on the 27th will be the spur to rerate the share price, and the longer the current pgm basket price lasts the more cash drops to the bottom line for the full year results too.
Hi
I do get that there may be a seller keeping the sp at these levels...which is an opportunity for those want in before the inevitable rise. But I see so many trades on the buy side and just one occasional sell often with low volumes, is the mm keeping the sp low to fill the sell order? Shouldn't at end of the day balance the books, showing the total buy/sells? Anyhow I do see a rising trend line making higher high ...even if ever so slowly. From my info highest day candle close at 159p and if carry on like this we may get there next week...