Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Thanks savage
I appreciate that
I do the same short long mid term investments
Was thinking 60k in now and maybe with good news up to 66k and take profit ?
If not long term is fine bud
Goat
Not at all... it's because once a Labour Gov is elected and announces major investment in telecoms to kickstart growth then BT will rocket... so it'll matter not whether I paid 90p/£1/£1.20 or even £1.30 for stock because held for a long time it'll be worth 2-10x the current prices in 10yrs from now ;-)
Hence forced to pay the long game ,
Or is it because ur at paperloss, but don't wish to crystallise the loss leaving you no choice but average down and hope it turns ? Imho
Well that entirely depends on the investment strategy being deployed AimM2018... I am accumulating BT stock irrespective of short term drops because I'm in for the long haul on this one so yep, whilst it may dip right now it doesn't matter to me because I'm buying up in tranches with £ cost averaging. Helps the divi is healthy for BT stock too - Fleccy can tell you all about that...
Does this make sense to you of what you wrote
'I see far better value in BT stock right now... and that is where I've kept on putting my money. I think BT is going to be shorted heavily in immediate future, although I am in for the mid-long term. DYOR."
Believing the share is going to be heavily shorted believing it will drop. People invested in stocks that rise imho 🤣
That should have said "her profits from other investments more than covered the losses and I've not booked any losses yet, as I've previously explained."
Happy to clarify here AimMaster2018 - My wife booked 2x losses sadly but... her profits more than covered the losses and I've not booked any losses yet, as I've previously explained.
Awaiting response?
Savage stated the following
27 Mar 2024 12:36
Afternoon Mandy, sadly I've no £60k to place trades, if only!... I am but a tiny spec/amoeba, smaller even than a wee minnow in this vast ocean of traders...
I place infinitesimally small stakes (£0.5-£1.5k tranches) where I spot there may some gains to be had, by placing long trades (well mid-term really), using my salary income, in a desperate attempt to bolster my savings pot towards our house deposit (my wife also trades too)!
So far though we've been consistently beating bond/savings accounts by a considerable margin with ~7-20% returns from our positions (with just a couple of losses thus far). I began trading in late Dec 22
Key point is' with just a couple of losses thus far'
But in the past week, he said 'AimMaster2018 - Good Q... I actually haven't yet made a loss (trading since Dec 2022)'
Could you clarify please did you or did not? imho
'I examine the Macro Economic, the sector I'm considering and the business itself.'
....and you still bought BT shares?
Me, I just looked for the worse performing piece of crap in the FT100.
;-)
Https://www.investegate.co.uk/announcement/rns/bt-group--bt.a/bt-group-plc-board-changes/8179053
The RNS, for some reason this one missed the LSE list of Company RNSs
Goatilcious - definitely best to DYOR - I tend to buy where I see value which differs depending on my goal and strategy... for me I invest short/mid and long term and I do so with different types of buy in too e.g. large one off/few mid size buys/many smaller tranches using £ cost averaging... I don't deploy the same strategy for all my investments. I examine the Macro Economic, the sector I'm considering and the business itself.
Fascinating fact.
He was the CFO at Barclays when they oversold securities.
https://www.reuters.com/business/finance/barclays-7-bln-worth-securities-sold-error-have-been-claimed-2022-09-15/
"Barclays docked the pay of its ex-CFO Tushar Morzaria (our new Non-exec) and its current top executives by a combined 1 million pounds ($1.25 million) in February over the securities blunder."
Source:
https://ca.movies.yahoo.com/finance/news/barclays-investors-urged-reject-bonuses-101148422.html
Cheers fleccy
So what should I do with my 60k. Should I pop I'm at 103.77 , wait hold gamble what's the word on the street. Cheers guys
On the Gutmann case... Whenever I went 'out of contract' I got a barrage of comms; sms/email/post and calls too sometimes... outlining it's cheaper to sign a new contract, or sim only deal. Laziness by contract signees definitely played a part in many overpaying for handsets they'd paid for via phone+plan contract bundles. I just don't think the class action claim can place 100% blame upon operators... Yes, operators benefitted from customer laziness, to find and sign a new deal but... it's not as though the industry set out to rob customers as no one was ever 'locked in' to paying once their contract had come to an end.
Very early days for the Gutmann case, but there is a Claim Document here to explain the Claim being made
https://www.catribunal.org.uk/cases/16257723-mr-justin-gutmann
Goat....
The only thing you can say about the case is BT seem pretty confident of winning. In the last annual report it was mentioned.....
Class action claim
In January 2021, law firm Mishcon de Reya applied to the Competition Appeal Tribunal to bring a proposed class action claim for damages they estimated at £608m (inclusive of compound interest) or £589m (inclusive of simple interest) on behalf of our landline customers alleging anti-competitive behaviour through excessive pricing by BT to customers with certain residential landline services. Ofcom considered this topic more than five years ago. At that time, Ofcom’s final statement made no finding of excessive pricing or breach of competition law more generally.
The claim seeks to hold against us the fact that we implemented a voluntary commitment to reduce prices for customers that have a BT landline only and not to increase those prices beyond inflation (CPI). At the reporting date we are not aware of any evidence to indicate that a present obligation exists such that any amount should be provided for.
In September 2021 the Competition Appeal Tribunal certified the claim to proceed to a substantive trial on an opt-out basis (class members are automatically included in the claim unless they choose to opt-out). We appealed the opt-out nature of that decision and in May 2022 the Court of Appeal determined that the claim should proceed on an opt-out basis. A hearing window has been set for January – April 2024. BT intends to defend itself vigorously.
Who’s Patrick?
I’m in here as of now. I think Patrick knows this will be a big hit once fibre is complete. I’m with Patrick.
Https://www.prnewswire.co.uk/news-releases/consumer-champion-justin-gutmann-announces-3-billion-plus-loyalty-penalty-class-action-claim-against-uks-largest-mobile-network-operators-302009478.html - EE being one of the many operators the case is seeking to make a class action claim against.
I was just highlighting there's another case beginning to go through due process too, i.e. Patourel case not the only one.
Goat, the 23rd is just a case management conference for the Gutman case and not the result of the Patourel case.
Cheers savage
So it's the 23rd for the outcome
I've got 60k waiting to put in.
Any advice...wait...put in now.....goat
Savage, I'm quite the case he was referring to was the Patourel one. The Gutman cases are aimed at the various Mobile providers, including Telefonica for O2 before they merged with VM.
Https://www.catribunal.org.uk/cases/16257723-mr-justin-gutmann