Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Guys..don’t get carried away with gold price at present..imo this is only as a reaction safe haven in the turmoil of the market and foreign exchange,and not on purely fundamentals.
Oil companies now at low..good to look there for a rebound . They have dropped so much and time to get stability..looking to buy PMO now .
Take care
Always loads of ideas out there! What about Capital drilling. Logic suggests that more investment will now go in to extending existing mines and finding new ones etc..keep em coming :-)!
You are right again VV - see see 1500 an Oz very soon, and we should rise very quickly here is the fund managers see the potential, afterall if I were them I would come out of the banks and come in here. Enjoy the ride.
I see Marstons -Good sales coming from hot weather and also falling pound helps exports/& less going abroad.
Capita - Gaining new govt. contracts particularly after Brexit. Currently have £600m order book already -way past their probs.
Centamin now a good investment. Hochs -as we have said. Stobart a good recovery stock and likely to do well with travel. re. BA Pilots dispute, etc. Thomas Cook risen about 40% in past 4 days (but liable to fall on profit taking -high risk/high reward. Prudential and HSBC good to buy when tide turns. Buffet on cash might buy Unilever?
Sounds like fun hasiba..Super..I'm not into anything else but ACA still as I see a few % extra as a minimum on the way. Also planning ahead and think the UK could be a good place in a few months. looking at the auto sector which is cyclical and weak currently. Vertu Motors is interesting mid-cap that has quietly plugged away buying dealerships. Other one is Horizon Discovery in the Pharma/Science sector..again..long-term looks well managed and will have its day..not ready to do anything yet as I see Barrick giving plenty of uplift and as I said the other day, they are only at the start of their recovery.
After looking at the Gold price overnight as you say VV it continues to rise. A very good place to be here and glad I have stayed with my full allocation. I did say don't buy the banks. Their time will come but not for a while yet. I bet those that sold off and went elsewhere wish they had stayed here to be honest. This share may even go up further when the NYSE opens, as it is cheap to those over the otherside of the pond.
Interesting;y Silver is moving up faster than Gold today. Franky do you hold Hochschild? I have Aca, CEY. HOC, Capita (order book increase) that are doing well. Otherwise it might be worth sitting on the cash and waiting for the tide to turn which it will.
31st May 2019
"If so, Gold could be heading for a minimum 15% gain to $1500 over next 3 months in my hopeful opinion."
Not far away now :-)
Vv
Haha...apologies Franky.. I thought otherwise of your posting.
Just woken up after late night out!
Was being ironic Hasiba!:-) They'll be forced down further without shred of doubt. Am trying to find a couple of new punts but its actually super tough. Looking at UK firms that are ripe for buying as they are cheap for overseas investors. Will hold ACA in absence of better ideas, given there is another 7-8% to enjoy here.
Aca is much safer than Metro at present.
I expect Metro to go further down and a high risk with the current uncertainty surrounding the banking sector.
Just imo.
Sell immediately and buy Metro;-)
Also sterling falling = Acacia is worth more. Hopefully we will get an early rise in trading on Monday morning.
Abx is all over the place may as well have some fun with a few shares.lol.
Interesting watch next week chaps. Not sure P if it will go down to £2.20 -hope not, ha, ha.
Sold ten thousand at 2.30 just before close,hoping to buy back at 2.20 next week,may as well try and add more shares before Barrick take control.Someone said fres a zig zag share well this will be between now and takeover.lol.
Super ....if the Chinese bid it will have to be substantial as I don’t think Barrick will want to sell this ... they have got it at rock bottom prices and won’t want to relinquish that cheaply ... I should imagine Barrick having 64% of shares will dictate if there is a counterbid ....personally I can’t see a buyout happening as I think Barrick will resolve all GoT problems the day after the buyout is complete and they will make big bucks from it
Barrick also up again today (unsurprisingly now up over 2%) thats 7% in two days!!
Quite right chaps I forgot about the extra divi (HSBC are advising it would appear this is a good investment with no suggestion I should sell infact they refer to the benefits of the extra dividend that they feel could be even more substantial later.
I also do not blame the Chinese for coming in here as they can buy this share being at a current discount of a barrick share. A no brainer.
Not a Chinese whisperer but who knows...chinese gov, buying a lot of gold and we have a big big of this ready and more underground....come on guys!
Hi Supercharger!
You need to add to that "discount" the value of the "exploration dividend" that will become due to the holders of Acacia shares at the moment of conversion into Barrick shares (in Q4). The "preferred" (middle) value of the exploration properties on sale is $57m, which would equal an extra 6% dividend at today's share price, payable sometime in the next two years.
Buying Acacia is currently a way of buying Barrick shares at - very roughly - an 8%-10% discount. That should be of considerable interest to large fund managers.
Any fund Manager buying in at this price is getting a discount.
i.e. Offer 0.168 per share for Acacia, Barrick now CAD22.55.
ROE GBP CAD1.6046.
Therefore I calculated 22.55 x 0.168 = CAD3.7884 divided by 1.6046 = GBP2.36. --We are cheap.
Fund managers unsurprisingly in this market still building in Acacia. Fidelity are no fools!!
Amazing that Gold is still rising which should help the Barrick price and sooner or later we will move up inline with that current price. I hope this continues this afternoon as even for today on Gold price org we are up over 1% today.
When you see financial shares falling such as Prudential 6% down, and the Uk major banks down too, coming out of financials into the safety stocks appears to be the way the market is leading us -so I am staying in here.
Maybe at this rate we can all afford a house in Farnborough Park!!! Good luck for tomorrow chaps.
If we account for the higher gold price, the future EV/EBITDA ratio for Barrick has increased to just 6.3 compared to 5.7 last month, even though the stock has risen 25%.Barrick's stock price is only at the beginning stages of its recovery!