The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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.
4p could be a possibility. However, so could 40p +
If we could predict the future, we would all be minted! lol
Agree with all who said make up your own strategy and here to make money.
Shorting not (yet) risky imho .
Before the last raise it was almost 100% sure you would make money. Now 75% given overhang of shares AND traders being in profit and no news expected short term.
After summer holiday and probably in the 3s i will not short anymore... everybody own strategy and would not be able to trade if we all agreed.
Either way if no news then 4p is very possible. Those fundraising shares are still being sold into the market.
Bixy - get this, not only does he short but he trades it perfectly, even on flat days. Our god, Professional.
Whilst I think he’s actually right a lot I think he gets more enjoyment out of winding up WoS so not sure if he is even invested here
The project was only submitted last month. Seems to be a lot of impatience here, trust your own research, nobody else's.
Buy, top up, average down if it suits, or short if you have the minerals. End of the day, we wouldn't be here if we didn't want to make some money. AIM is high risk, grow a set or move on. AIMO
GLA (whatever you decide)
And, again, the more the optimists are excited, the more cautious should we be (at least in the short term, and especially without news .
I cannot imagine to have the balls to short this sort of story. When there is a real chance to multiple, whataever low chance you attach to that scenario, its is like playing with hand grenade.
As far as I am concerned, it proved to be a neat strategy to pull out the initial capital, or more on the course of the previous sudden rise, today I started to buying back again.
But again, how bold should be to short anything like this.
Thanks BIxy
I have done well here yes but i have to give the credits to Wos. Easy if a ramper is selling, makes trading easy.
More to come i am afraid
Top work if you have shorted this Prof you must have done well so far
Pulbari is also not a short term solutiin
Will take 2 or 3 years at least....and that is exactly the problem....
There is no st solution. So take the hit and go for LT best solution which will also Hurt short term and that is renewables or the China route with coal...all will take time.
.lots of time imho
5.115p to sell all my shares….sorry that needs to be 51.15p as soon as possible please
As already implied by Wos
Thanks Sir.
Drop ask to 5 next week?Just give a wink wink again cheers
And we know 7-8 years for that gas to cone online and thats if they find any. Only solution available right now is Phulbari
Can any of the GCM sleuths remind us of the confirmed upcoming committees/speeches/events in the next month or so?
They offer a glimmer of hope of when we might expect an announcement
The pride of the government is the success of the power sector, which now has multifaced problems because of the import-based master plan and the delay in the exploration of domestic resources.
Eminent energy expert Prof Shamsul Alam told The Daily Messenger, “The sector is getting weaker due to its whimsical and import-based master plan. Due to fund crisis, the government cannot pay the dues of imported coal, LNG, and electricity.”
State Minister for Power Nasrul Hamid told The Daily Messenger, “Power and energy is a big sector. Crisis might arise here. In business, outstanding is a common phenomenon and it will be solved. In fact, we are paying bills every month.”
Energy expert Prof M Tamim said, “Of course, import is one kind of solution but not the ultimate one. The country is growing fast. Foreign investment is coming gradually in the county based on gas and electricity availability. So, we need secure fuel. Import dependency has already created complexities.”
Import dependency
Import dependency is the biggest barrier for the power sector. All the international political crisis has hit the energy market. So, the government has to import energy at high prices if the market gets unstable due to international crisis.
Unstable fuel market
The two coal-based mega projects – Payra with 1,320 MW capacity and Rampal with 1,320 MW capacity – faced month-long shutdowns several times due to coal crisis. As the coal price was high, the government could not arrange the coal for the plants. At that time, the country, even Dhaka, faced frequent load-shedding.
https://www.dailymessenger.net/business/news/19603
Share price will keep drifting until GCM announce something positive. The 30m share selling still not done.
Politics - They just been re-elected for new term & why they wait until this to introduce New Energy Plan
Economics - IMF conditions default is IMMEDIATE problem & just manage to escape last one by $5Bn emergency China loan.
Will not be able to keep doing that & look like June condition will be miss also unless they can offer IMF solution to Energy export / FX crisis NOW!
Keep up sir!
🦉
This has ofcourse everything to do with politics. Economics only come second....
And politics take time.... a whole lot of time...the market knows it and SP will slowly keep going backwards the more we reach the next raise
Google translated some of the article.
PC has indeed other potential projects in BD
It is evident from the situation that one of the objectives of the secretary's visit was to stop Bangladesh from the Chinese project on Teesta. In fact, during the visit, the Indian Secretary proposed financing the Teesta project by India. This can be called a proposal to 'exclude China and implement the Chinese plan'.
A plan made by 'Power-China' on Teesta was heard since 2016. Before Chinese President Xi Jinping's visit to Dhaka that year, 'Power-China' formulated a project called 'Sustainable River Management Programme', including all major rivers of Bangladesh.
The program was initially supposed to focus on the Yamuna River. But later on the request of Bangladesh Water Development Board also included Teesta river in it. In continuation of this, "Power-China" formulated the "Tista River Comprehensive Management and Restoration Project" with a budget of about one billion dollars.
From the very beginning, it appears that the Bangladesh government has adopted a strict 'policy of confidentiality' regarding this project. As the representative of the people, the government takes the loan for such projects and somehow the people have to repay this loan. So why can't people know about this project and express their opinions,
The matter is even more ironic because 'Power-China' has made videos about the project and is promoting it globally through YouTube. As a result, the people of Bangladesh are getting to know about a project of their own country from foreign companies instead of from their own government.
However, investigative journalists in Bangladesh managed to gather some information about the project, such as the project's Preliminary Development Project Proposal (PDPP). We now have a rough idea of the project in the light of information from other sources including the initial development project proposal and the 'Power-China' video.
Sorry to rehash old news but I initially thought it was from today. The final paragraph is the most relative to us:
‘The many holes in Bangladesh’s energy master plan.
De facto coal transition
Through advanced coal-intensive technologies, the government is trying to keep coal alive and further expand the domestic use of imported LNG. The new IEPMP unreasonably assumes that domestic coal production will continue to increase by 2050. This is mainly for ammonia co-fired with coal and CCS technologies to clean coal. Overall, the freshly approved IEPMP seems to chalk out the coal transition from imported to domestic coal rather than transitioning from fossil fuel to renewable or clean energy. This indicates that the government is willing to start walking in the opposite direction of renewable energy targets‘
https://www.thedailystar.net/opinion/views/news/bangladeshs-energy-backtrack-3559926?amp
The up and coming budget is obvioulsy allocating a lot to energy, and coal is not being forgotten .....
I guess they just need to decide where the coal is coming from now!!
"Additionally, the Matarbari 2x600 MW Ultra Super Critical Coal Fired Power Plant Project has been allocated Tk6,005.45 crore."
https://www.daily-sun.com/post/748471
Power china flexing there muscles in bangla
https://www.prothomalo.com/opinion/column/78ntrvc7d6
Header say ALL - No argument with Worsening Crisis situation!!!
Very comfortable here - very comfortable with my other one!
Placing stick look like churned!
Ignoring fooolish stalkers & focusing on hard economic reality!
Have beautiful day all. 🙏🦉
“It’s like whack-a-mole sometimes on here.”
Now that’s funny 😂