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.
It may well be the electricity supply situation, as this seems in addition to the usual furnace shutdowns. However I still believe there is a lack of info regarding the last RNS. From my part I have enough exposure here and am reluctant to add to it even as you say at these silly levels. I was tempted yesterday but my break even is not too far off.
I don't think its the Chrometco that was the cause of the price drop. ESKOM the electricity supply company has been in the news again regarding very tight power supply. http://www.fin24.com/Economy/Eskom-starts-Stage-1-load-shedding-20140617 on the positive side, the new power station Medupi which is scheduled for completion sometime next year despite much delay and should alleviate risks of power shortage. Also.. China property bubble is still a worry for the commodities sector. I'm still happy to accumulate at these silly levels. atb
Actually it’s more like a five year + low. Looks like they don’t like this Chrometco deal. Not enough detail in the RNS for me….. Agreement to conduct exploratory drilling and the next sentence states, upon the successful completion of the drilling. Is it me but does that sound a bit like an oxymoron? Drilling does not come cheap, how many metres are they going to drill? How long do they expect exploratory drilling to last? Does the price of the 200,000 tonnes of chrome ore depend on ‘the successful drilling? Comments anyone.
Yes, similar story, got in at 47 some 4+ yrs ago....up to my eyeballs now and hoping the July production report is a good one! I still think this will come back eventually, it might just be my pension pot at this rate tho. The management do appear on the surface to be sensible, prudent and strong, more international climate that's keeping it low?
Started around 3pm yesterday and have continued this morning. Hopefully the start of a climb back to reality
certainly has been a long wait.... I thought this was a good buy when I waded in at 46 a few years ago with several K, Have averaged down a bit and have been sitting waiting patiently ever since!!!
Geez, I do hope you're right, it's been a long wait....something's gotta turnaround soon!
Nicely summed up. I'm accumulating under 10p with July update the trigger for the rerate imho. Management are doing a great job in my view.
I think the sell off is overdone. South Africe has had more than its fair share of troubles with strike action against the big miners and energy shortages.. poor government but IFL so far hasn't been much affected.. its a global market and its just getting on with business.. its ahead of the game in procuring cheap ore for its furnaces and its producing quality ferrochrome and selling at competitive prices and business is stable.. also FeCr are rising suggesting increasing demand.. and so far no furnace mishaps.. everything appears under control.. the market has unfairly hammered this stock and it's unbelievably cheap imho. when market confidence returns this will fly... I have quite a lot riding on this.
Yeah, but what makes that any different to all the other forecasts, and what is the time limit?
"Numis Securities Ltd’s price target would indicate a potential upside of 215.79% from the company’s current price" http://www.wkrb13.com/markets/311248/international-ferro-metals-limited-rating-reiterated-by-numis-securities-ltd-ifl-2/
target price from FinnCap. I'll be happy with half of that, even a third would be nice!
This is a Turkey - only Turkey prices rise at Christmas . . . . .
BTW sometimes these large houses holdings are nominee accounts i.e. Clients holdings show up as, for instance, JP Morgan or Skandia Life etc. on PLC shareholder's holdings lists but it may not be them instructing the buying, but a large client, for instance a wealthy individual.
Good article MinesJ thanks. I did notice this on a list of shareholders in IFL: (morningstar web) Aberforth Partners LLP 57,291,107 10.37 400,000 0.70 0.47 03/31/2014 J P Morgan Asset Man(UK) Ltd 29,745,594 5.30 28,894,100 3,393.34 0.17 02/28/2014 Aviva Life International Limited 21,265,468 3.89 It appears JPM have aquired 5.3% recently, Aberforth have upped their bit by 400k to 10.37% and Aviva still hold 3.89%. Not seen any RNSs on these changes?
www.*****************/exclusive-qa-with-chris-jordaan-ceo-of-international-ferro-metals-ifl-talking-all-things-ferrochrome-april-2014/
www.*****************/exclusive-qa-with-chris-jordaan-ceo-of-international-ferro-metals-ifl-talking-all-things-ferrochrome-april-2014/
Another 1/4 with no furnace problems, only real negative for me is co-gen plant still a lot lower than 11% target. The rest is just normal operational fluctuations, lesidi on track as well is good to see as a year ago we'd be expecting problems and delays.
yes it does seem a bit odd. I thought it was a very good rns too. There were more positives than negatives and the only big worry imo is he anticipated electricity electricity price rise but that has been known for a while so presumably was already factored into price. Very odd. Seems the market was expecting more.
I thought that was a reasonable RNS but the people who matter seem to disagree.
another solid if not spectacular 1/4, happy with that
Judging by to-days close it doesn’t look like the Management statement tomorrow is going to inspire.
There has been many more sell trades then buys for a while now......
et out of these..No interest whatsoever........Get into something thats going to make you some money....