Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Let's hope the trading update tomorrow beats expectations and the share price closes above £5
This has been occurring for some many weeks - not long after Lewis announcement on the motor thing smashed the share price. Many times the price has jumped up maybe 20 or 30 only to retrace nearly back. So the overall share price has gradually increased over the weeks a few P at a time. It has been a good opportunity to trade (did mention this just below on a post). I think MaryB has been enjoying the opportunity as well.
If history repeats then it may pop down a bit more and then go up beautifully again. (unless there is something in the woodwork about to pop out news wise which only a few people already know about).
Hmmmm . Does anyone have an idea why the share price dropped and dropped from 15.00 today?
Very happy indeed :)
Gift that keeps giving 🥳🎉😎
Who knows what the Sept report will bring so historical prices may not be much help. I got a bit caught by the huge drop in January, been in and out around a dozen times now and shown a gain at last although not huge.
Would not buy at nearly 5 quid but keeping an eye out for the possible next 30 to 40 p drop should it happen again.
My average is around 4.40, the question is looking at the average share price over the years do i buy more or wait. Am i going to regret not buying more, like i did with John Menzies.
There are currently no open short positions in Close Bros it now states above .
No dates of the reductions in the historical table.
A notice that the CEO has bought but it sates only 31 shares about £150 worth.
Sold today for 494.8p
Mistake maybe as sold all when plan was to just sell the second top up remaining from the two buys on 15/2/24 .
330 to 494.8p = approx 50% not sure I bought anything better in February this year.
Reflecting I did not get the low of 278p and posted the big boys increased there shorts at the time .
Really? halved in the last year
Another afternoon of "goofy" multiple trades - 182 or 191 or 199. etc Whatever can it mean?
And someone has just dumped 868k from the look of it.
Interesting - buys of 100,000 and 50,000 at 11.50
Even lower today, got myself another 2k. Loads of bargains around elsewhere as well.
Lol. Wonderful share to trade. Time to buy some more while the price is artificially low.
At first glance this appears to be a shot across the boughs of other companies, not so much CBG who have already suspended their dividend and announced plans for putting together a £400m pot of cash to cover potential costs arising from the FCA decision.
Although recovered now from its 'all time low', the SP still has a good way to go yet to come anywhere close to true value albeit that's part of a wider issue with Banking/Finance shares as a whole and even the loss of 'shine' from London markets.
Came across these guys (corporate/junior/mezz finance etc), a fair bit in my working days and they were always thorough, professional who knew their market well and whilst niche players, stuck to what they knew and were never overt risk takers per se.
Fair bit still to go in the SP recovery imo.
Wonderful share..........................
I love this share !!
Up 50% now so sold investment amount and leaving the rest in as free ride as believe will be back to over £8 in next year or so.
Will enjoy the ride. Wish my H&W had performed this well MaryB 😉
Winner winner
Positive price pivot sector break today, and sector broke above 1/3/24, time pivot high on 21/3/24.
Bollinger band high of 434.96, is expected to constrain 97% of sp movement.
Sp, pivot, from calendar month of March(high+low+close) is 388.66, so bullish.
R1, resistance from calendar month of March(pivot x 2)-low is 449.92.
However sp, still requires to break above weekly price down bar 441.8 of 12/2/24(several weeks ago).
Fibonacci 38.2% retracement towards previous major high, is situated at 477.4. DYOR.
“RBC have estimated a total liability of £16 billion
So 2.4% gives a liability of almost £400 million”
From https://www.which.co.uk/news/article/car-finance-fca-investigation-what-you-need-to-know-a4eXb5u8VeBy
“Analysts at RBC Capital Markets estimate the redress bill could come to £2.5bn for Lloyds, £1.1bn for Santander, £350m for Barclays and £250m for Close Brothers.”
Saying that, Close Brothers are building £400m of immediately accessible capital - so that is probably their worst case estimate.
Personally, I’m punting £160m.
We should probably organise a sweepstake.
RBC have estimated a total liability of £16 billion
So 2.4% gives a liability of almost £400 million
Really useful asartara as it gives one way of sizing...
"...Black Horse (includes Jaguar, Land Rover and Suzuki) 16.1%
...
Close Brothers 2.4%
...
Lloyds has already put aside a provision of £450,000,000 towards potential costs and payouts for this."
Very imprecise, but if you scale that £450m then you get around £67m. Not the end of the world.