Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video 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.
less than a month till the next report. Hopefully it will have the same effect. ATB
Market seems to like the update, especially as today's jump has helped to reach its 50 day MA. Volume is still very low at 281k so far, which is a tenth of the recent high of the 2.8m on Nov 3rd 2014.
Sage, The latest production report shows debt rose to 451m ZAR so their interest payments should rise. In the last accounts for the year end 30th June 2014 interest accounted for 35m ZAR and gross profit was 231m before expenses, including interest. As profit is opinion and not fact, the cash from operating activities was 130m ZAR so they could easily finance their debt payments. In fact after all expenses the company was net positive 25m ZAR in cash. I'm not going into more detail, but their financial situation is on the right track, but a very challenging global market with reducing prices means they must remain competitive to stay in the game. That means tightly managing costs and making sure they maintain revenue growth.
taking a kicking, wonder if 2.65p will be passed on Thursday (Hope not) ATB
Big sale of 2.65m last friday at 2p =53k ! Interesting to see if any of the main shareholders offloaded.
This is one of my learning experiences. Anyone who buys in a downtrend is asking for a loss as the downtrend will continue until the trend is reversed. I've learnt this to my cost in IFL and a few others. Catching a falling knife is dangerous unless you want to deplete your capital. Whilst IFL is a good prospect, the smart money will wait until the tide turns and the share price starts to enter an up-trend.
I do hope you are right....my long term punt is fast becoming my pension pot! Been in since 2010 and really thought we were at a turning point last January with that positive RNS....fingers crossed for Thursday but I'm not holding my breath, any thoughts?
still think this will deliver but until global / chinese recovery it will stay low. Well positioned to shine when things pick up. Park and save
OK Analysts. Why is this company's P/E ratio 0.39. It must be the cheapest stock for miles when the earnings it makes are worth more than the share price? If you can explain that, then you've unlocked one of the mysteries of the stock market.
Copper is tanking as are most commodities, including oil. So for mining stocks it's either sit tight on a big loss and wait for an uptrend, or get out now. For those on the sidelines. Good move!
Anyone selling now must be making a loss.
When does this stop ?
Yes, since 47p in May 2010 the value of this business has been in a constant decline. That doesn't make it a good bet. Serious knowledged needed before investing IMO. I did think that it had bottomed at 9p a while back but was proved wrong.
thanks Market Makers. Is it me, but doesn't "tight spread" sound like it came from a porno movie? Either that or a difficult to open tub of I Can't Believe it's Not Butter.
Someone's stockpiling at 4p, spread very tight now at 2.5%. I'm averaging 4.7 p, love to see this back at 12p!
A slight upturn over the past few days. Things can move quickly but it needs to convincingly break the 50 day MA before it moves higher. I've also heard a couple of mining analysts who like IFL on the fundamentals. Message to Market Makers: Lower the spread.
All very good, but the elephant in the room is that we're still in a downtrend, so investors who buy now are doing so at their peril.
John Meyer complimentary about IFL in Proactive interview: http://www.proactiveinvestors.co.uk/companies/stocktube/3367/festive-features-sp-angels-meyer-upbeat-on-mining-sector-despite-lower-prices-3367.html
wainsam this is an interesting question. As a novice purchaser of shares, I would suggest that the minimum holding is a single share. But if you were to consider speculating, you would have to consider the cost of trading (buying and selling) along with any possible sp rise/ lose. The good news, is that you do not have to pay stamp duty on this particular stock. All of this cost would have to be absorbed in sufficient shares to justify the risk. However despite this, I have noticed numerous trades for 10 shares and am a loss to understand why. All the best to you all for the new year.
hello everyone, may I ask what's the minimum share for ifl stock?? thanks.
I appreciate and value your view's. At the moment I have taken a paper cash beating on this stock. However my gut feeling, are that with patience all will turn out well (jam tomorrow ?).
The GBP/ZAR rate it also at its all time high, showing a weak currency. This means their products would be easier to afford by their overseas customers. However, the South African currency looks to have hit resistance and is in the process of topping out, with a potential move to the downside. There's many factors at play, and in time we'll see them all play out.
Anyone know who the major shareholders are and what % they have? Thanks
At this time IFL's PE ratio is at an incredibly low 0.47. Can we have a whip round to see if we can buy it on the cheap ;-)
At this price you would think its a steal? Market Cap £20M. Surely some mining company could fork out say £100m for it and still get a bargain? The assets will always be there and when growth returns which it will then this one will start to rise again.