Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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will keep an eye on it until i can free up some funds!
No problem. If you get a chance take a look at AEC. They are growing really quickly but the share price looks too low to me. In fact it is near a 12 month low. They are involved with education courses in the far east, notably Malaysia, where the economy is doing fine. They also bought OXford House Language School last year, which should do pretty well given the state of sterling.
I am fairly new to shares, been trading for just about a year. I have been following HCL since last year. I will look for a good entry price, since SP has been on a downward trend.
Considering the downturn in the world economy and what happened to shipping prices the results were great. 18m US$ on a turnover of 58m US$. And yes, they paid a dividend of 2.47p per share. Remember the baltic Dry index is weighted heavily in favour of the larger capex ships, where prices have fallen. These Supramax ships have seen a huge rise in thier rates, which is increasing. Strictly on fundamentals these are worth more than 70p today. Net assets of 101m US$ and Cash of 71m US$ Good luck
but the result were not that good, they were ok. Plus, i dont remeber if there was any dividend. I think once they do give dividend then we will see good rises in the SP.
but would like it to drop a bit more (dont see any reaosn why it would, just hoping). I was in last year @56p got out at 70p ish.
Has anyone looked at what has happened to the Baltic Supramax index this year? It is double what it was most of last year and is rising. China and india will continue to push up demand for industrial transport. 4 of Hellenics 6 ships are Supramax. If this continues we are going to see a pretty big jump in profits. Hellenic is today valued at about 50m US$. Has 71m US$ in CASH. Has net asets of 101m US$ and made 18m US$ through the huge shipping down turn last year. Am I missing something here?
Bad news for some, especially air cargo. But good news for shipping cargo, more so if the eruption is longer term. Swings and roundabouts, just like life really.
People are edgy, rightly or wrongly, because so much to do with shipping depends on China. If that country should falter (unlikely in my view) or pause for a while to reallocate resources (perhaps) or should there be some major hippup with property bubbles (...?) then the great many ships risk being idle for a while yet. What we really need is a broaded global recovery. Relying too much on China is no good for anyone. And that country is blinding invesors. This stock is a good buy, in my view. That doesn't mean speculators looking short term won't let their holdings go, but I think it will go back to its pence level soon or later, China or no China. Because the world needs trade, and no ships, no trade.
One thing. Please be careful of taking advice, it can take you places you do not want to go. But I am happy to hold, if we sink we sink together maybe. Remember Leo de Caprio and -----------------------, what's her name? Hope to see you around later in the year.
Thanks for that. My understanding that the the shipping tied up had started moving in recent months. At least it is nice to know that their ships and balance sheet are all moving in the right direction. I will take your advice and hold
Lots of shipping tied up in still water waiting for the hopeful upturn in world trade. People will remain sceptical while the world finances gets itself back on track. Info today is good news and good reason to remain patient. Hold on, it might be a while.IMO
What am I missing here. Anyone?
Excellent results today. What a cheap buy this remains. Things can only improve with increasing shipping rates.
Given the sharp increase in dividend last year, and with a decent 2nd half of the year, I am sure that the dividend will be good. After all they declared a 12 million profit for the first 6 months and I am sure this will be improved upon in Tuesday's figures, especially given the increase in dry rates compared to the first 6 months of the year I am lost with regard to the 2011 estimate. The company makes no reference to it.
This share has held up well throughout the recession. I would imagine results would be encouraging for the longer term. Assets are good and they should be in a good position to pick up trade when trade improves, although that might be a while yet.
I think the spread on this share puts people off, however I hope to see a mid-price of 89p by Christmas. GL and DYOR
They've looked incredibly undervalued for the last 12 months to me - topped up today. Hope they announce a solid final year div. One thing I can't understand is why we have a (3.98)p EPS forecast for 2011? Anyone have any ideas?
This must be one of the best value shares around. valued at 35 million with net assets of 95 million. A PE ratio of only 1.6 and we know that dry goods trade from china is growing quickly. I am sure Tuesday's figures are going to be good Am I missing something here? Good luck to all
Conviction in the market place is always commendable. The numbers for this company show a promising stock to own. But March is still a long time for the markets, and a lot can happen in that interval. Good luck, and I am keeping an eye on this stock.
Personally I believe there is very little cover of this stock and no visible signs of any reason why people should be interested just yet; wait till the next set of results around 10th March and I think we can now look at these prices and think what a bargain. In terms of equities this is one of the best value around. Might as well avoid equities all together if people think the stock market is going to tank and long the dollar or something. I've held this share for I think around 9 months now... patience is a game I'll willing to play on this one.
I find the spread of this stock troublingly large. Either people/investors, have great expectations for thie stock and are hoarding it, or simply no one wants to buy at present, and holding on for another 10 percent drop. To me, it looks as if investors are discounting all the charts and fundamentls, and simply looking at the hard facts of global trade, and whether a sustsined pick-up in volumes will accompany any meaningful growth pattern. In short, is some spoint brat like the ruler of Dubai going to rock the boat and squeal 'I am not going to pay?' If the stock market tanks like before, this stock will similarly take a hit. Let's see what happens.
'however with shippin on the slide the only true val lies in the comp assets' You need to get your facts right; http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY:IND I'm not planning to wait years - once HCL announces a divi this year just watch the share price fly.
As I said some weeks ago. "This is about world trade having to pick up first before this share will move upward. Need to be patient or get out if you can't.
i agree the comp value lies in its shippin bus, however with shippin on the slide the only true val lies in the comp assets. they are however making money. you will have to wait yrs before we see £2 but £1-£1.20 will be good. thanks for HRCO looks cheap, but so does BBY who are a safer bet