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looks like a good move.
The company is being sold off, its not going forward, thats why they had to fix the pension but its being broken up now, not sold as a whole company. Actually its looking good value now but much depends on demand, which may not be great, similar company entu are having problems. I think some investors are put off by the possible long drawn out process. One to watch.
The price broke out from the 70-80p range right after they announced the whole company was up for sale on 27th May so it would seem natural for it to fall back to that level now it is no longer the case. Would need someone with more knowledge to explain how selling off the subsidiaries will affect the company going forward.
Yes its to do with the pension, paying £5.5m and also the change in sale of the company not whole but in parts. I would not worry about the profits, it all about who wants to buy it and at what price.
The market didn't like the news concerning pension scheme I believe. That's a new development and one which will eat right into profits
Typical AIM , results today profits up 100% , div up 25% and share price down 20% .
50% higher than a month ago now, this run is making me wish all the eggs were in one basket!
the 113p target hit then :)
whats going on here then, that double up at 95 t'other day was a fandabadoozie move by the looks
Fair do's mate - I'll mate it three quid if she's not at 0.5 etc :) He doesn't seem to rate anything or anyone from what I've seen mate, full of p*ss and vinegar and living off other people's work as I see it - really hard not to get wound up when you work so hard at this and people like him keep churning over the same twisted BS all the while to try and make you look bad but then he's obviously a professional troll and I'm a straight-shooter so no surprise there then I guess - anyway, he's binned along with the others so that's the end of that ... Not sure which tops you'd be referring to tbh mate but I rode EDEN to with a couple of P of my ranged-top shout which is unusual for me but that was the start of using a different MO to ride rises as I recently gained the ability to tell, with some degree of confidence, if/when the MMs were going to kill a rise in its tracks and that's proven really useful as I can, hopefully, get more out of a rise ala BOX where it's also playing out really well, so far! My prior MO was Graysland-esque, i.e. just taking the low hanging fruit 20-30% or so then skipping off to the next one etc but the longer you do this, the more sophisticated your MO can become - the rise-tracking thing I only found quite by accident a few weeks ago after five years in the game and I can't believe I've not spotted it before lol! Yes, likewise, unless there's a definite breakout point I see busted, I'm tending more and more to look for retrace points on things that have previously boomed - the Elliott Wave boyz will tell you that the second wave is the biggest so that's a really good MO too - just kicking off now @ AUM for instance and, again, at BOX :) Ah, don't bother with the AMP sh*te mate, it'll likely take you weeks to find it anyway but I haven't looked back since. I spent hours crawling over everything AMP Friday night/Saturday morning and got hammered by people who should know better when I started to lay out my thoughts on it. Totally out of order and, frankly, quite upsetting. I was and still am absolutely effing furious with him - I dunno if it was just that or something else but he'd just before then given me grief for a, and I quote, "ridiculous" target of 3.4p at CPX which, of course, was subsequently hit so wtf knows what his problem is with me - turf/toes??? Presumably I was queering his pitch somehow with my thoughts - I certainly wasn't the only one thinking the same thing though, it's not like I invented the numbers out of thin air ... And .... just to get his back to topic - I still have higher targets here as espoused further down but she's looking good so far :) Cheers.
and I've warned you before not to use my abbreviated tag, it gives everyone the willies ;) As you can tell DP doesn't rate pure chartists at all but from my pov I've noticed some gooduns you'd mentioned I wish I'd taken more notice of, I've seen you pick better bottoms than tops if thats a fair assessment, just a feeling I've got from the very few that caught my eye but I guess tops take longer to appear, I tend to pick rising shares anyway (boring quieter bbs on good aim companies do well, strange that...), and doing well since I adopted the Naked Trader ways last year, quite rewarding to research a share, find a retrace point on the chart (or occasional breakout) and watch the profit come in, only a hobby for me anyway, I leave the 90% to the fund managers to weave their magic. I'll take a look at AMP w/e postings as I haven't got a clue of the history, maybe it'll open my eyes to a few dark secrets, certainly got me wondering...... right, time to put my Inspector hat back on ;) apologies for the o/t everyone, looking good here, was tempted to double up at 102/103 but looks like I've missed it
Well he's back on filter as is everyone else that's given me sh*t recently cos life's too short and the half a dozen genuine posters on this site know the score re my shouts anyway so I really shouldn't get so defensive when there's a crew working against me on here as there has been ever since I challenged what was going on at AMP at the weekend and got laid into by said crew which then got ramped up when I started banging the long drum at WSG after sitting on the fence for so long - you do the math ... It'll be a long, long time before I'll acknowledge anyone from that crew mate, it really will, they make my skin crawl ... As for what may, or may not, have been going on at WSG, well, seriously, just how stupid do they think people are ffs?! Glass houses mate!
you've got dp wrong btw, we go thru the 7am rns's and look for a quick buck on any that look good, we dont always concur and i tend to stay in longer if i really like it (like here where he sold out for a £7 profit lol), if we happen to find one you are already in or quoting it just goes to prove your charts are working - yep he hates pure chartists whereas I like to listen to all angles but tend to go for uptrending charts, gut and fundamentals (yes yes wsg i know... its one i held from my darker days, and my gut said sell at 50, hopefully uptrending now), but I recognise potential breakouts (like here), and buying on retraces. He really isn't hh btw thats gilgamesh Is that a good enough good bad cop btw ;) ps your R posts on wsg have intrigued me
me too, the other one did a runner I'm afraid
hit ;) Blimey, The Begging Crew in here too - there's no escaping em ...
Hi Doughpea1, welcome to the club. Thankyou for the recognition, but only occassionally pull off a call like this one.. Operating profit up 84% to £3.4m and a very tasty increase to dividend 1.9p per share. Might seem a poor yield at this level mind but the share price is up about 80% since last autumn In regards to cash position, down by £1.6m that was unexpected but then net assets are up £1.9m... The circa £3 million sale of properties after year end will improve the next set of results. Very healthy looking balance sheet, growth of revenue, GP and most significantly after tax of £2.7m.
you were right - joined you this am - sale of land at significant premium to come and decent divi - what is not to like
up on my weekly share scan - I'm never sure about these property buying/selling companies chart-wise for some reason but on plain reading it looks to have broken through the resistance line of c83 and I have 101, 113 and 123p targets.
Liquidating property at a premium into cash, substantially improving balance sheets and consolidating growth to core assets. Profits after tax this year should be very impressive because of the net asset gain on sale...
Second Wednesday in June we'll see how the market reacts to improving trade results... ongoing sale process should only excite punter more I would think. Not sure if Directors will be able to buy like in the weeks after as what happened last year.
Potential sale of company... well picked it right, shame about the short-termism so abundant with the markets today. That's ASW, ESS and ESR now sold, selling or with the intention of disposing their core business for cash. Expected results priced in now? Still a hold and see what pans out. MAFL yet to bounce, MBO and DWHT expecting results in the next month or two
Taking a breather at 80p seems fair value when others like TMMG and ESS are starting to attract interest now.
very quiet on the ESR bb people missing a trick
Finally a bit of action this week. Up by over 35% since October.
Almost identical market caps now above £23m, SVC just released their full year results. They seem to be gaining interest through the initiative of share buy backs more than anything. Otherwise can't see why their market cap should be equal to ESR. SVC turned revenue £49m vs ESR forecast £36m* SVC gross profit £14.2m vs ESR £10m* SVC profit pre-tax £1.7m vs ESR £2.7m* SVC net debt £2.6m vs ESR net cash position *ESR Full Year forecast