Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Just checked and wellington reduced their short yesterday. Only 0.04 Reduction but its a fairly small short, 0.8% .. I did wonder i some of todays larger buys were them reducing further and buying back.
We had a tu recently so in (my) theory there shouldn’t be any major surprises either way a few weeks later, and what the tu divulged is pretty much priced in. However, with the market as contrary as it has been recently there’s no way of judging the reaction to the actual results. I’m just hoping the wording of the tu was purposely underplayed and the results are confirmed as very solid and there are signs of real growth in LFL trading (excluding the exceptional Cov period lows for comparison) brought about by the company‘s turnaround initiatives.
This is up to date list of major shareholders...
Name Equities %
David Alliance 96,643,694 33.8%
Schroder Investment Management Ltd. 34,395,900 12.0%
Nigel Alliance 31,489,256 11.0%
Coutts & Co. 29,681,000 10.4%
UBS Asset Management (UK) Ltd. 25,208,735 8.82%
Hargreaves Lansdown Asset Management Ltd. 15,301,028 5.35%
Hargreaves Lansdown Stockbrokers Ltd. 13,568,000 4.75%
Aberforth Partners LLP 13,465,142 4.71%
Norges Bank Investment Management 8,592,089 3.01%
Banque Lombard Odier & Cie SA (Investment Management) 8,470,000 2.96%
Add them all up it comes to 92.05% of the company In sticky hands.
There is 8% out there for PI,S and any new ii,s wanting in. That in my opinion is why the algorithms are used to take this down and shake out Pi,s so bigger players can sweep up.. have a look at the sells today and the larger buys?
So where is the smart money? Its with funds who take a far longer term view than Pi,s
No mate they're not the same aside from the fact they're both retail and have an online presence, I was just referring to your jitters when you said you felt nervous here as you had been in a situation with BOO, that's it.
@Elkarter, yes I still believe smarter money is taking advantage here, albeit longer term but it still adds to the foundation.. TR1 anyone?
Another day with the buys just outstripping the sells but we see almost a 4% drop? This is due another bigger bounce, maybe into the 70s come results
Bladey don’t get me wrong you can’t really compare the two companies. I also brought into boo just below 220 and was lucky enough to sell my initial holdings at 380’s but I got greedy and ended up buying back in based on their fantastic report....The only comparatives I draw from these two companies is there SP’s has spiked a week or two before announcements and then Boohoo turned out to be more than lackluster after the 8:00am opening. Hopefully I’m wrong and we get great results and the smart money is still here on the table
Plucky, Boohoo has a damaged reputation, which will take a lot of confidence and time to build back up. I made a few bob on BOO by buying on that amazing first drop at just a midge over £2 and then sold at near £3, in hindsight sold early but the rep scared me and longer term I did well tbh. Missed the RR. drop yesterday, otherwise that would've been another great morning trade. Currently I have 2 safe shares that I won't touch right now.. MKA and BWNG, MKA is debt free and financed for REE mine and will be, (IMO), very fruitful soon and BWNG which is reducing it's debt... increasing online presence and has a decent priority focused B.o.D, tbh undervalued by a margin!
Agreed, next week should, hopefully, show this is a company that can make money even in more lockdown conditions. Given the amount of debt they've organically paid down this year, shows to me they're doing fine, generating cash and profits.
Recent left high and dry with Boohoo. Got me all nervous and twitchy. Probably best coming back in a weeks time....
It's just the overall markets, smart money hasn't gone anywhere but traders have moved out to take advantage of fallen stocks due to market situation. Once they've made money there, they'll move back in here before results. II's are still investing and more than likely accumulating taking advantage of the pull-back.
Disappointed to see the price back down yes. Partially due to the markets on Tuesday Wednesday. Stopped off all momentum perhaps a double top whatever. But certainly the smart money is still in this LoL. Don't be silly now have any of the II's reduced their holdings?
I'm thinking the same, I thought this had prospect but its gone back to the level its been for weeks.
Is it worth holding on for next week or has the smart money already been and gone ?