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Good movement off the lows in the last week, however my interpretation is that we have been lifted along with general market sentiment.
I am extremely pessimistic about the rise in the markets over the last few weeks and I am fairly sure this is just a temporary retracement. Broad consensus over a global recession doesn't suggest to me we should be only ~20% of all time high in the main indices (especially after a 10 year bull market).
I both hope that LTH here don't suffer any more, but also expect that BMN will retest lows if the rest of the market does (which is my expectation). Regardless, I will be picking up some shares at these prices (or lower/higher) in the next couple of months.
Hope everyone is doing well in these strange times!
Disclosure: As per previous posts I sold out in Feb-ish time and will be buying again in a couple of months when I free up some cash (sold for wedding money but wedding has now been cancelled thanks to Covid unfortunately)
Stowski my opinion is that it was undervalued before the drop and way undervalued now.
Even if there is a market correction on over-valued stocks I don't think BMN is one of those.
Just need news to steam ahead and should be in the 20's without news considering pipeline and assets.
St0wski I appreciate your honesty about having sold out. However I am sure you will understand my scepticism about the negativity in your post just as the sp has rebounded, given that you are looking to buy more shares and clearly would prefer a lower sp.
I suggest that your post is treated with the utmost caution, but good luck with your quest to dent confidence.
I don’t under estimate the impact of Covid-19 but if there is one thing that is certain .... all governments will be anxious to get their economies functioning properly as soon as possible. Yes recession is likely but the massive rerate in markets (and individual shares) seems to have factored that in.
Robust and financially viable companies like BMN should be well placed to resume normal activities as soon as circumstances allow. And with the Rand so low costs v revenue look very good. A healthy stockpile will enable sales to pick up quickly.
Of course just my opinion.
I was perfectly open about my position and thoughts on the market - this is an opinion board is it not? I have posted my thoughts and there we are.
We will see how this all pans out, and I agree the fundamental performance of BMN will play out in the long run. However as we have seen BMN is pushed around by big money and MMs at a whim, so I don't agree with other posters that it will be able to buck any market trends.
If it's OK I will treat your post with the utmost caution as well Pdub, seeing as you are a current shareholder and would obviously like a higher SP?
St0wski I responded in a courteous manner and recognised both your honesty but also your vested interest in talking down the sp.
Your final sentence was a bit pointless as every shareholder in any company would like their investment to rise in value. If you wish to engage in a silly tit for tat you are on your own.
As always Pdub you can be extremely difficult to deal with on here.
You said that I had a "quest to dent confidence", which is rather different to just an interest in a lower SP as you well know.
We will see where this ends up in a few weeks time.
I am not sure why you think people should welcome your interest in a lower SP with open arms and roll the red carpet out for you. You aren't exactly being a joy to deal with yourself.
You might get your buy in, but equally if BMN are proven to be selling stock into rising V prices and the shutdown doesn't continue for them, when clealry the market has priced in an elongated closure I think you will be hard pressed to.
I'm not looking for the red carpet to be rolled out Sanchez.
It would be great if on an opinion board I could express an opinion and not be told I am on a quest to dent shareholder confidence for my own gain. If we can only express short and long term bullish opinions here then it all becomes rather a pointless echo chamber.
St0wksi - short term opinions are little better than simply chucking a playing card in the air and seeing which way it lands. It is noise, pure and simple, and adds nothing to the community's understanding of the business.
THAT is what this bulletin board is for. Tough but if you don't like it you know that there are other places you can go.
I for one welcome the common sense of your thread and the realisation that bushveld are not immune to wider market sentiment and trends.
Nearly everywhere you read from many who are far more knowledgeable than I could hope to be agree this market bounce is just that, a bounce and retracement in a continuation of the bear market. Globally SP prices will drop once more and probably test the lows put in before.
I have, as previously said, a big chunk of money in bushveld and am underwater. Do I care if the SP drops some more again? No. In fact I welcome it because I will just keep adding more when it does as I did last week. Again an opinion gets shot down which had no negative connotations on bmn what so ever just on wider market moves which will effect bushveld in the process.
Will always be long and only ever buying. I await my flaming.
Gl all
It's not about being flamed. People just disagree with you, as with Stowski.
No one can stop anyone posting but to pretend this BB is just two sides of a debate is ridiculous. There are long term holders who buy into the vision and plans of the company, there are swing traders who will say anything to suit their position at the time and trolls who have a vested interest in lowering the share price from wherever it is.
There is no such thing as genuine debate on a share Bulletin board. That's why people don't lap up this 'balance'. Because it isn't genuine.
Alfa, normally I would agree about short term opinions. However in this case I fail to see how discussion of the impact of a global recession in the (relative) short term is the same.
It's all very well understanding the business, however if you don't consider the broader market impacts at the same time then you are missing a big part of the picture.
There will be a significant number of excellent businesses that go bust in this recession. Before anyone jumps on that, I do not think that BMN will be one of them at all. My point is that to discuss the business is to discuss the economic environment as well, you can't just blinker opinions to the business only and ignore the short term impacts of everything else going on.
Gunnerbgood. I did not shoot St0wski’s opinion down .... I placed it in a relevant context and offered a counter opinion which I supported with brief explanation. Surely we are allowed to disagree with a negative post?
Anyone who posts on a bb (and that most certainly includes you, me and St0wski) must accept that others have the right to challenge and disagree. I trust you have no problem with that? One of the reasons why I frequently include the expression “just my opinion” is because I recognise that I am not the font of all knowledge, that I will get things wrong and that I do expect others to have different opinions.
If folks are going to be precious about being challenged then perhaps the rough and tumble of a bb is the wrong place for them.
Everyone beats themselves up if they don't time it right, buying in the bottom and getting out at the top no matter what they preach and it's as rare as rocking horse sh#t.
Sometimes if you've dropped a boll#ck you've got to man up and pay the piper.
And for St0wski I most certainly do not underestimate global factors affecting markets. If you read my first post carefully I specifically refer to markets already having fallen very significantly in response to Covid-19. At the slightest sign of any return to something approaching economic normality those markets are more likely to bounce. Neither you nor I know how soon and how strong that will be but it will happen.