Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The classical dilemma over the head and the heart. Difficult to know which is likely to be right. As some have mentioned the companies silence is interesting and broker ratings are no guidance whatsoever.
Dipping my toes into these. Appreciate market sentiment v negative including some poor consumer numbers coming out of China in the coming days. But with a P/E of less than 5 and a yield of nearly 10%, it's a chance to acquire and LTH. I'll go in again if and when it continues to fall.
In Feb 2012 AAL reached a high of £29.58, but by Jan 2016 they had fallen to a low of £2.15.
Midland boy
My advice
Be patient
Wait until 1500
It’s obvious the market makers are working hand in glove with Beremberg and are desperately trying to drive the share price down to comply with their target. Market makers are pricing AA to profit mass hedge fund shorts even though there have been 2 buys for each sell today.
Anything is possible in UK markets
Even a fraction of the true value of one of the world’s biggest mining giants.
This kind of valuation could only happen in a stock mired in the UK index
This is tanking again. be greedy when others are fearful?? My 1700 buy in target approaching but tempted to wait a bit longer now...GLA
Tipped in or a few at 1713p
How long it keep falling .almost 22% down in 3 days.
I am thinking it will go as low as 1500
“jpm also upgrades rio tinto to "overweight" for its aluminium exposure, but notes the metal accounts for only about 2% of its 2024 earnings
* rio tinto should also benefit from rising iron ore demand next year as chinese demand grows, jpm adds
* the broker remains "overweight" on anglo american , citing a "more credible value unlock potential" in its
met coal business
* while jpm expects copper demand from energy transition to grow strongly by 2030, it stays "underweight" on anto***asta “
Guys what will be impact to AAL share price if the oil prices go up due OPEC production cut and consequences of various conflicts in the world?
About the mini bounce prediction to 1900. Looking to buy a few more now. Buy in target 1700 and a nice juicy div. GLA
Watch out for share-price to dive after 4pm
This is when all the many hedge funds that are shorting AA collude to smash the shareprice with loads of small algorithmic sell orders.
Also another new target for the forces that keep uk valuations on their knees - Hargreaves Landsdown - been trashed today - low of 690p
But expect that to be breached in the final minutes of trade after a Bear Raid attack
What once needed to be a singular event to smash a share down 10/20 percent in a day can be done on a rumour these days.
How much longer are the FCA going to allow rogue traders to mint money at the UK’s expense?
Predictions for closing
AA to close at a new low
HL to close below 690
Words needed from CEO
Is it time to top up? Or this is a death trap?
To hell with Berenberg, it's all because of these jokers!
Has anyone written to IR regarding the fall on SP.... No bounce at all and it continues
Taken another 1,108 here today.
Mergers 2024 galore imo.
GL all
I guess the wide variation in target prices depends upon the valuations the analysts are using for their discount cash flow models. The cuts to production and capex will dampen potential future growth - but by how much? If you suspect it will limit AAL's opportunities to benefit from future commodity price increases, then your target price likely would be below its competitors.
Q4 2023 Production report 8th Feb 2024.
FY 2023 Results 22nd Feb 2024.
https://www.angloamerican.com/investors/investor-calendar
The market might push AAL down to support 1638p until there's a positive trading update or Statement from AAL.
I see this as a buying opportunity and will drip buy and hopefully find the bottom.
China Industrial stats Friday 15th..... (YoY) November (MoM)
gla
Berenberg slashes target price on Anglo American”
compare their 1500 price targets to other beancounters' PTs issued yesterday
* Anglo American : Barclays cuts target price to 2575p from 2865p
* Anglo American : Jefferies cuts target price to 2,500p from 2,600p
* Anglo American : RBC cuts target price to 2,200p from 2,400p
42 percent lower than Barclays
40 percent lower than Jeffries
32 percent lower than RBC
In what world does one of the world’s biggest miners trade for less than £20 billion?
And yet this is what the ftse100 has become
A graveyard for giant blue chip companies
An index of wealth destruction, in which Britains most valuable companies get systematically trashed under any pretext.
UK markets are broken - to work shareprices have to go UP as well as down. no matter how good you are at stock picking the odds are impossibly stacked against you in an index that never goes up over the long term. The index is for shorting only.
And you can bet your life the market makers will use Berembergs 1500 price target over all others.
Tbere can have 12 different price targets on UK shares but market makers will always comply with the lowest one.
Shorting UK shares must be the easiest money in the history of shorting.
Even though they trade at huge discounts to their peers and are at all time historic low valuations.
I just can't believe there has been no follow up by the company.. 20% off mcap in a day and no comment... Over 50% down since start of year. Is this just a sinking ship now? I am down 10k which is a lot of money to me
I agree that the London market needs a good kick up the behind. it has conjured up a siege mentality that thinks the only way to make profit is to short stocks. This is a flawed strategy which only produces a home goal and plays into the hands of Frankfurt and other foreign markets. As we are buried in a world market grave, capital is flying out of London at a fast rate.
Part of the problem is that the wisest owls are retiring and their wealth of experience is disappearing. Calculations are falling into the hands of young reckless minds, hastening the downward spiral, producing a culture of ineptitude and scattetred computer projections, consequences as yet unproven.
We sadly need a reversal of mindset before we vanish completely. I only have the experience of 60 years in the market and find it very hard to be optimistic under the present disintegrating regime.
Stamp duty doesn’t help either