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Sure, I have a lot of stocks where I hold a core position and then trade in and out around large price moves - works really well for volatile stocks. I haven't done it in this one yet as I'm still building towards the core position (which I try and do over a period of weeks or months), but will adopt the same once there.
Having bought around the 47p mark, I'm still awaiting a decent breakout (target price 70p) some 18 months later. Could have sold at a profit at 60p and bought back in again during that time, therefore enhancing profit margins. Anyone ever adopted a similar strategy as this?
Well, the breakout never happened and it fell back to 50p and within its existing trend channel. However, today's bullish rise and the MACD looking to cross upwards could indicate a rise, plus breakout. Still wait and see.
CMS's share price has been pushing against its upper trend line for almost a month now, and is above its 200 MA. So I'm looking for a breakout soon as this hasn't happened since its downtrend started over a year ago. IMO it's a wait and see before an entry. Only issue is RSI and CCI are falling, so it could fall back into the trend channel.
Richard Griffths has added a further 2.8m shares, which has increased his collective stake to 17m shares. He now has an 8.2% shareholding the company. He has quite a following in the City. With any luck we should this should inspire more buying as a result.
As pointed out elsewhere, the recently announced Lloyds Bank sell off of £2bn worth of shares should generate loads of paperwork for CMS to print. In addition, the Government is to encourage very small shareholdings of £1,000, so this will generate lots more printed matter over the coming years for all those small shareholders.
Its a slow one for sure. Seems to take weeks for large sell orders and buy orders to complete. Either or which throws the SP to an extreme. Then randomly, someone will cancel sizeable orders. I think at the moment, if the market holds, it'll be down to whether people believe operating margin goes up again this year; whether design starts producing more money as promised. Then there is a possibility of some large contract win; but there weren't any details apart from it being a trial. Finally, the Div growth rate would imply this is cheap. So, its anyone's guess; another large seller and it'll drop again.
Low volumes of CMS stock have seen the price rise from 46p in late August to 56p yesterday. On the positive side it's trading above its 200 MA but on the negative side it's falling back as it's trendline is acting as resistance. I'm still waiting for the breakout.
CMS has just been tipped by John Rosier, who runs a subscriber-only investment portfolio and has a blog here: Http://johnsinvestmentchronicle.com/blog/ I think John has a bit of a following - and more importantly, the Daily Mail runs a monthly column from him on his portfolio, so CMS should get a nice push from his next column. I'm not a subscriber, but did get a free month's registration recently from an offer, coinciding with his CMS tip which seems to have been published on Friday. I won't publish the tip details yet, but he's aiming for 70p. This is an extract from his bio: "I enjoyed the first 14 years of my career at Fleming Investment Management, initially as an analyst and then as a UK portfolio manager; in 1997 I was appointed Head of UK Equities. I was a director at Henderson Global Investors from 1998 until 2004, before moving to the West End and working for two hedge funds. My investment career at Flemings and Henderson was focussed on managing UK equity portfolios for corporate and local authority final salary defined benefit pension schemes as well as the reserve fund for the NSPCC." He started his portfolio in 2012 and it seems to have done pretty well (he does publish all his transactions).
Could be. Im still hoping for another big bank win. The real problem for CMS has been the weaker Euro. Maybe if it starts to strengthen we might finally get some upgrades.
Well there was the Lloyds thing yesterday, they're reported to be diving out big time over next few years. Not sure if that would translate into the current move here.
I read all the thoughts about breakouts etc, but shares dont normally move like this unless there's something going on. Another 100k traded this morning
... hello there.
If you say so.....
Plays like someone trying to get liquidity. Push higher, pull back a little and soak the sells for a few days/weeks.
I've been a fan of this for a while but have given up commenting on it thinking my bullish comments were doing more harm than good. Starnge move over the last few days though -it's not the first stock one would buy in these markets. A new contract win would go down well if that's what's moving it. Anyone any ideas?
bad time waited long enough
It's still valid way to look at things. Some traders buy the dips, others buy new highs. It depends on your trading strategy.
Well I tend to be more keen on a stock as the price falls rather than if it rises to a certain level. Just my crazy and-without-foundation buy low-sell high approach. I'm sure I'll get over it!! :) And yes, the stock's too cheap and it's a buy all the way to 75p.
Well, CMS is creeping up and has made a new high. It's still in a downtrend though as it's not broken out of its channel yet. If it clears 54p then (in my opinion) it's a buy. Any views?
So more options that require a minimum share price of 59p for 25% and 90p for 100% of options.
Looking better now - breaking up to new recent highs. Yet still on a current year P/E of only 8.8 - plenty of upside from here.
Apologies, it's Finncap who've initiated, not WH Ireland. Slip of the keyboard! Here's how the post SHOULD read..... Excellent news - Finncap have today initiated coverage of CMS with a Buy and 37% upside to their target price, which must be around 67p-70p: "Communisis: Invest in blue chip growth (BUY) Communisis has invested £52m into front-end design services and securing and mobilising long-term contracts with blue chip clients. The return on this investment supports 14% pa average EPS growth over the next three years, on our estimates, but as the contract wins are for 6-10 years, it also provides longer-term visibility. With the shares valued as if growth prospects are minimal, at 8.8x 2015E earnings and with a dividend yield of 4.5%, we initiate with a Buy and 37% upside to our target price"
Its certainly gone volatile at 48-50.
Excellent news - WH Ireland have today initiated coverage of CMS with a Buy and 37% upside to their target price, which must be around 67p-70p: "Communisis: Invest in blue chip growth (BUY) Communisis has invested £52m into front-end design services and securing and mobilising long-term contracts with blue chip clients. The return on this investment supports 14% pa average EPS growth over the next three years, on our estimates, but as the contract wins are for 6-10 years, it also provides longer-term visibility. With the shares valued as if growth prospects are minimal, at 8.8x 2015E earnings and with a dividend yield of 4.5%, we initiate with a Buy and 37% upside to our target price"