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83% jump in EBT predicted for next 12 months earnings (i.e. 2022)
https://www.investorschronicle.co.uk/tips-ideas/2002/01/02/latest-update-companies-smashing-broker-forecasts/
0.5p puts it on a current PE of 18.
Forecast price from 2 analysts put BMN at either 20p or 30p. One bag or double bag either way things are improving here.
"Forecast price from 2 analysts put BMN at either 20p or 30p. One bag or double bag either way things are improving here."
Only a fool would buy a stock based on a broker price target. They're totally worthless.
What's positive about feebly trying to convince people that a broker target will shift a share price? Show me the evidence for it? It's misleading and deceptive, like Boris.
I've ready Agricore's post and there is no encouragement to buy bushveld shares, there's no hyperbolic language, there's nothing deceptive whatsoever. You seem to think it's a problem when users attempt to support their own investments.
It is deceptive as he's claiming things are improving based on the broker target, which is patently false as the SP has not improved due to the broker target and BMN has never got near a broker target.
People are free to say whatever they like and I have the right to challenge it.
Sure and people have the right to challenge you making claims of deception. He's not claiming any of the sort imo, he's saying that things will be looking up in 2022 as predicted by the broker SP Angel. Investor's Chronicle is a reputable publication and we were named as one of the biggest broker upgrades. Whilst this bb is so muted it's something to hold on to in the lead up to the trading update.
Broker ratings are what they are. Sp angel had us at 87p for about 18 months!
AIM's a popularity contest most of the time, just not our turn at present...
Every time the company release a tweet they get trolled by unhappy PI's stuck underwater. Human nature, innit.. Sentiment is nicht gut.
We need to sit tight until Duferco are (probably) gone and this litigation rubbish ambles by.
Hopefully nothing too expensive at Vametco in '22 or Strike action and things *should* be plain sailing.
Once the E.Plant is up and running I assume we will be hearing much more from Mikhail, I support his vision and respect his intelligence but he has been too quiet for too long - he used to be at all the interviews etc.. Bit weird if you ask me.
Many here worried about the SP, understandable...
I think we need to wait for a whole different era of Mcap anyway.. What's the point of holding 5-10 years and selling next time it's 25p or 30p.. May as well have bought the S&P.
Back half of the decade this could be very special - we have to embrace the bumps along the way, I guess, and have the conviction to hold.
Signing off for a while so this bad boy can warm up the bottom drawer
I SHALL RETURN on 01/09/22 to catch up with you fine Gents & Ladies.
Take care all and let the good news roll............ When it's ready to!
In 2018 BMN used smash broker targets every few months.
DYOR
Cindercone we are all free to express our opinions here but I think loudspeaker may have a point about broker targets being exceeded in 2018.
All I would say is that broker targets are issued after studying past and current performance of the business (not share price) and what they expect of the business (not share price) in future. That shapes their share price forecast.
As the business performance (not share price) has made significant strides forward in 2021 with further positive steps in 2022 expected (eg Vanchem second kiln, electrolyte plant, etc) it is not surprising that this is reflected in positive broker forecasts.
You are challenging Agricore’s contention that things are improving. You may argue that based on sp they are not. However the thinking person may choose to look behind the share price forecasts and understand how the business is developing. They might then be tempted to agree with Agricore and to disagree with your somewhat blunt response.
Just my opinion.
Broker targets on AIM are pretty irrelevant as the market is primarily sentiment driven and not data driven
Pdub "All I would say is that broker targets are issued after studying past and current performance of the business (not share price) and what they expect of the business (not share price) in future. That shapes their share price forecast."
I completely disagree, broker targets are issued because all AIM-listed companies have to have a broker and the broker is basically paid to publish a positive price target. It's a very murky business - I'd go as far as to call it a total scam. Brokers are wined and dined to give positive price targets, information is withheld from them, and even if they know a business is going through turbulence they're not going to significantly downgrade (beyond what the price currently is) a price target to reflect that. The broker note 'might' have some useful information, but the price target itself is complete nonsense and only a moron would use it as an SP guide.
If so-called 'experts' SP Angel knew anything about vanadium market fundamentals, why didn't they predict or at least warn of the vanadium price collapse in 2018? Even on the way down, they upheld their absurd price target while the SP was falling through the floor. IMO SP Angel are about as much use as a chocolate dildo and I'm surprised BMN haven't dumped them because their reports often look like they're written by a 12-year-old.
Broker targets are just part of your investment decision and of course they are positive. If they indicate 10/20% increase in sp then they probably just expect things to tootle along but if they predict a doubling or more then they are very positive about the future, and they are.
The only scam around here (and most people here know) is you cinders mate with your multiple accounts on lse - couple of years ago after lths exposed you and management banned you but then somehow mysteriously managed to reopen this account - NOT TO BE TRUSTED!!!
Post of the day gambitxjs.
Vanadium prices.
European ferro-vanadium prices have increased since the beginning of the year, and some market participants expect the trend to continue as sellers hike their offers in response to potential supply shortages in the first quarter.
Ferro-vanadium prices were assessed today at $34-35/kg duty paid Rotterdam, up by around 5.3pc since the start of the year when they stood at $32.50-33/kg. Vanadium pentoxide flake prices have also edged up this week to $8.35-9.00/lb, having previously held firm at $8-9/lb since 9 December.
The price hikes are in part a reaction to news of flooding in the Bahia region of Brazil, which has impacted vanadium production in the region since late December, a producer confirmed. Sellers raised their offers on the expectation that the flooding could tighten global supply in January-February, with some traders currently offering ferro-vanadium as high as $35.50/kg
https://www.argusmedia.com/en/news/2291502-supply-fears-drive-eu-ferrovanadium-price-hikes
I'm not asking people to trust me, unlike your fraud mates Ophidian with his Elliot Wave Charts, Alfachump and all those other LTHs who have almost completely disappeared after ramping BMN to hell and back so they can trade the share.
Not currently invested in BMN but have been previuosly and on my list as potential investments when and if EUA finally sells.
Might have been touched on at the time, but does the situation in China/Evengrande affect the demand for Vanadium in the short term? obviously theres suggestions we are heading for recessions world wide and this can affect the demand for Vanadium in a couple of ways.
1 negative, new projects mothballed demands drops
2. positive, govts invest in infrastructure projects to stimulate lagging economies.
Has anyone any views. Sorry if already disgussed previuosly.
from my knowledge theyve moved to telegram as LSE was infested with derampers.
Cindercone that is a little naughty.
You should know by now as it has been discussed numerous times that many shareholders and former regular contributors to LSE bb have moved to other platforms for sensible discussion about BMN. Some may have sold but many simply sought intelligent debate away from the nonsense that has plagued this site.
On brokers Cindercone I think you are confusing what I said. For simplicity I didn’t say their forecasts were correct. That makes most of your comment irrelevant.
I said that their forecast was based upon their assessment of company performance … past, present and future.
Therefore if they see significant sp rises ahead it suggests that they see positives in the above. Individuals are free to decide whether to take any notice of those analysts.
Cindercone, the reason some LTH's have ceased posting or significantly reduced their time spent here is is due to the drivel posted by the likes of you. Fortunately there are other platforms where many re still very active sharing their wealth of knowledge. Id suggest to anyone else here who is sick and tired of the trolls to jump onto twitter and leave behind the cesspit that has LSE has unfortunately become.
Pdub, there's no intelligent discussion on the Telegram group, it's full of idiots posting cartoon GIFs and ramping the share.
Hope you're well.
Apologies Pdub, but it's you that's missing the point of the thread. Let's start again, Agricore said "Forecast price from 2 analysts put BMN at either 20p or 30p. One bag or double bag either way things are improving here."
This infers that he believes in the broker forecasts and that things are looking up because, according to those forecasts, the SP will double or triple. I'm saying, broker forecasts are worthless and BMNs history of horribly incorrect forecasts proves it. According to rumour, one of BMN's brokers (Peel Hunt) just got dumped for giving a ludicrous forecast whilst simultaneously shorting BMN (lol).
Ultimately, because I'm honest enough to accept that broker forecasts aren't worth the paper they're written on, I'm accused of being a deramper, and the scum all come out of their holes to beat me down for offering a rather uncontroversial opinion that is backed up by evidence.
That's the story of BMN on lse.co.uk - people wanting to control the narrative and shut down any opposing view that doesn't fit their agenda, not 'trolls' blah blah. If people don't like trolls, there's a filter button.
Says the poster who tried to decieve and control this bb with multiple accounts.
CC I allowed you out of the green box just for today. However, you are still spouting the same rubish you have been for too long. Back to the green box!