George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. 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.
At least Sotolo won't feel so bad for not following you by selling his Centamin stock when you did, who knows it may even cheer him up!
Most important thing for me is the guidance for Q4 2021 and beyond. These numbers will be most informative especially if the gold price stays above USD 1750 per ounce. The Company should have some idea of this with September and half of October under their belts.
You are spot on Gnome .
Intangible assets are non monetary assets, that cannot be seen , touched or physically measured . The main examples being brand values , IPR and the excess acquisition price paid for a company , above that company's net asset value (which often includes intangible assets too, also known as goodwill ) so you can see how the pyramid of intangible asset values grow
The main industry which utilises their values on their balance sheets are giant IT companies , although many other industries do too ( exclude mining companies in that sweeping generalisation )
It probably won't surprise you to know who the top 2 companies are , who are battling it out to reign supreme.
Here are the top 4.
1. Microsoft ... $ 1.90 trillion
2. Apple .. . $ 1.87 trillion
3. Saudi Aramco ..$ 1.64 trillion ..
4... Amazon. $ 1.47 trillion
The surprise I got was with the brand name Coca Cola... Its brand value and other intangibles are just $ 30 billion ...yes quite high , but low in comparison considering how long the company has been around .
I see intangible assets as being like an elastic band ..in that you can stretch their values so far , but then the elastic band either springs right back and beyond where they started from , or it snaps !!
I don't like intangible assets ... I prefer assets I can see and kick !
I made a wrong move last week selling CEY and buying some IAG, however I bought back into a small amount of CEY and got out of IAG quickly so it wasn't too bad.
BUT I did buy also into THG, which had dropped 60% after a poor investor call, but has since rebounded 24% today following an RNS. Just highlighting on this board in case people want to look into this stock. I also bought a TINY amount of BOO which is up 9% today. and DEC which is up 6% today. All have had significant recent drops and seem to be recovering.
Just highlighting some low radar stocks people may be interested in as I've done quite well on them today.
GLA Cheers
In the interests of full disclosure, I should add that my career prior to the NFP sector was all in the private sector and included a 5 year stint with Raytheon , where, as part of a 4 man team I conducted business plan audits of all of their overseas subsidiaries ..in Europe , Asia Australia and Africa . Raytheon are not just defence ..they covered everything from
large manufacturing companies to computer software and also included large seismic survey operations, usually in Australia and Africa
My role was simply to expose financial weaknesses or hidden reserves and formulate opinions on whether
I thought their 10 year business plans were ambitious enough or whether senior management were just 'sufficing' a question I have posed about Centamin
In those days I could read a Balance Sheet at 50 paces, now I have to read it and write it down !!
I have come to wonder, under the tutillage of one of my sons, why I bother to follow, consider and invest in companies that do things rather than, just speculate, amass intangibles, and otherwise have a good time using freelancer and a couple of wild ideas (bouncing over a few hurdles). Mining companies do the mining, but can they sell, when they want, at the price they want, and so cometh the commodity traders, royalty companies and a streaming affair. Lots of optionalities have evolved.
Mining companies do need to get a lot smarter than they are, and have been. Perhaps CEY will get there. The restructure of the Uranium market is an intersting event. Thanks Sprott, glad I was there.
best
the gnome.
The merger is an option to watch
The inputs to decision making.
1. P/E ratio. The guys with low P/E's (CEY) are taken ovre byt he guys with high P/E's as a rule of thumb. CEY P/E = approx 10. Companies with greater P/E's are ... DYOR
2. So the other factors that impact, are earnings growth, resource growth, management, exploration s$x appeal and ..performance!, sustainability... etc
So the above hints at the game in play, and when the whistle blows, who knows, but the shareholders do count...
best
the gnome
Hats off to you Cowichan ..your career out trumps mine by a mile .
I share your passion for the not for profit sector ..I left First Group after I was ordered to take 30 buses out of service because the costs of providing the services was greater than the penalties incurred by not providing the service.
I remained in the npf sector until I was forced to retire at Crohn's after contracting epilepsy. Now I frequently have to go back to my earlier posts to remind myself of what I wrote earlier .
Making occasional contributions on boards similar to this is what I do now ...to enlighten my own investment decisions.
Lets hope MH puts a rocket under Merger (as not on my agenda) and this is a medium to long term mmm
Thanks Mr T..
Actually, I am not surprised by that. Many of his posts contained links to Don Lawson's articles. .
Now I know who you are Cowichan , so I have returned the compliment
Regards
Not unusual for a Monday morning pull back (Gap down))to knock CFD holders through their stop's as it as it encourages them to jump back in again hoping to catch the rebound which creates some commission for brokers and the market.
This is why so many cfd holders close out on a Friday afternoon because they never know what will be announced over the weekend and which way the levers will be pulled by the fat controller!
Stop losses are such a con!
In a recent analysis...
Between 1995 and 2015, the share of intangible asset market value increased from 68% to 84%. In July, Ocean Tomo updated the IAMV Study to investigate the economic effects of the novel coronavirus. We find that COVID-19 has accelerated the trend of increasing IAMV share, with intangible assets now commanding over 90% of the S&P500 market value.
Translating onto the Oz ASX market, total asset value of $1.6 trillion, so the intangible asset share is $1.4 trillion. Ever seen what happens to a house of cards? Well its not all that bad. But it certainly is not all that good.
https://www.oceantomo.com/intangible-asset-market-value-study/
And the value of CEY. There are endless posts which calculate using tangible assets? But this is only the POTENTIAL tip of the ice berg! Are they undervaluingCEY by...a lot?
Suggest the value driven investor pay more attention to real assets, because when the SH@t hits the fan, you know what will get devalued.
best
the gnome
Holding onto last week's gains even though gold has pulled back considerably .
Let's hope some good news tomorrow guys
I see FRES doing very nicely as well
Hi Candid,
Cowichan is the forum handle of Don Lawson whom along with Rebess and Cooperman I can vouch for for as being a very decent good intentioned chap and long time holder of Centamin.
Shares on the major stock market indexes in Europe traded flat to lower in the premarket on Monday, as the investors awaited more corporate earnings reports.
The Dutch technology company, Philips, revealed that its sales slid 7.6% in the year's third fiscal quarter.
The CAC 40 was flat at 7:02 am CET, while the DAX lost 0.09% at 7:20 am CET. At the same time, the FTSE 100 was little changed. The euro dropped 0.16% compared to the dollar, selling for 1.15797 at 7:23 am CET, with the pound down by 0.17% versus the greenback, changing hands at 1.37277 at the same time.
Breaking the News / BU
Happy Monday y’al
I don’t know Dom Lawson from Adam, but being in CEY for 10 yrs now , I know for certain cowichen is 100 % committed to CEY and anything he writes is honest and open.
If it does happen, it will be the fulfillment of a long-standing agenda I feel. - And I suspect, an agenda that has involved the accommodation of movement of the chess-pieces on the Centamin chess-board. - An accommodation that has proved expensive for shareholders, but not necessarily for Directors. - It would also explain mysteries, that for so long now, have been difficult to understand.
I'll tell you who Don Lawson is IF you tell me who candidinvestor is - deal?
Cowichan ...can I please ask who Don Lawson is ?
Does he know something , is he speculating on what might happen , or is it just wishful thinking on his part .
Every company share chat I have contributed to on LSE has suggested a merger or acquisition of some sort. Is this something similar or is there something more going on ?
Regards
From the SP, this must have been from around May.
Key will progress on Sukari to get back to where it was, the other bits you know what remains valid.
https://resourceworld.com/centamin-aims-to-add-3-0-million-gold-ounces-to-reserves/
CEY has simply followed gold and other PMs, but the key point for me has remained changes in management and the futures capabilities which although hit capex are essential for expansion and future SP.
You never know, but a long shot