Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Over 75p in the back. Hope it holds and finishes over. Natural momentum seems to be building here and even with a half decent TU I suspect we would be over 80p by next week. Seems amazing to think that the sp was higher over the summer with less good news. Hopefully when the TU lands, it will be a cracker and there will be some decent re-rate following
Didn't someone here say they spoke to IR and it was coming today?
I’d expect a trading update by tomorrow (latest Monday) consistent with previous months. Would also expect confirmation bond settlements (sett date today) all took place successfully.
Agreed the dips were to allow IIs in. We'll probably be get a few Holding RNS. It's actually great that PIs are getting in at the same level as the big boys for a change. This nice steady rise is great in comparison to the volatility of some recovery or COVID stocks where there's often no logic to an intra-day swing of 50% on the sp. We should be touching 100p come Xmas with no nasty surprises.
Great today. Feel a decent rns tomorrow and low 80’s on the cards. Great to see. The dips where probably to allow ii’s in?
For anyone who’s sat through the past 6 months don’t be disappointed with past two days. All the major impediments are gone. If the company hopefully posts a similarly positive rns to previous updates we should be well on the road to 100p hopefully by feb 2021.
Keep your nerve if you are a LTH and not a trader. Sure as one can be that patience will be rewarded in the medium to long term. Lots of these tucked away in my pension.
10 to 15 year time frame. Can see 3 to 5 times today's value by then.
Strange times.
With the recent Holding IIs, I am still more inclined that this is a period of consolidation and accumulation rather than the top ending of a bull run. However with the vaccine potential in Spring it does throw a lot of stuff up in the air. Hopefully there will be clear direction tomorrow. Good luck to all whom are still keeping their nerve!
Final post of the day. If we can break the resistance at this level 72 to 75p and break 80p we will be onto new levels up until 100p I think seeing a nice steady rise.
That’s a great update when one suggests 247, that would be a huge lift and increase against now. So far so good. Gla
Company being covered presently by 4 brokers :
Canaccord - Portia Patel / Justin Bates
Numis Securities Ltd - James Hamilton
Peel Hunt - Stuart Duncan
Shore Capital - Gary Greenwood
So hopefully we will start seeing updates from the other two as well going forward.
And if tiny url link to the numis broker buy note could be posted that would be great. Be good to see what they had to say.
How about a tiny url?
Looks like the numis note posted on the BB by @sjsrace has been deleted by the BB moderator
Can anybody post the numis buy note text
Be good to see what their coverage was. Thanks.
Numis issued a buy note on Friday, very bullish and positive note.
Target price 247p
Agreed.
There will have to be inevitably now a further re-rate following Shore Capital's greatly increased target price. We should not be surprised to expect a further trading update and a Holding RNS next week as well. The relative modest gain on Friday could be that there was some expectancy and continued market uncertainty acting as a drag. With the DOW Futures and Financials looking positive for next week this should be another blue week.
There may inevitably be some noises off on the bond rate terms being more generous than the last however as above this has been known by the market for some time and seemingly accepted. So I suspect these noises off will be by those looking for a better entry having not held or bought through the dip. Realistically it is expected that there will be refinancing for growth at far better rates next year or so when the markets are calmer. For now the differential gets rid of the great market uncertainty as a going concern which has supressed the sp for a limited increate in interest rates which is already covered by cash headroom.
Great we got a broker upgrade on Friday.
Shore Capital increase from hold 75p target share price to a buy rating 110p target share price.
Now awaiting for others to follow suit - Peel Hunt, Numus, Citigroup, etc.
Expect to see SP slowly head north now to 100p and beyond over coming months.
Would expect the PR to increase now and discussions with analysts and investors.
Get IPF back on the radar
Surely other IIs will follow Artemis now and we should see more holding RNS next week alongside a hopefully another trading update.
110p target - good start
Recos should be uplifted by 50-100% now. For Providence Financial which seems to have sligltly worse potential opportunities in the future comparing to IPF a nice reco in past days. But technically it has to rise more to finish the current trend.
Fully agree, this has now risen to where it was when the bond issue first came up, (yes I know it fell further when the stupid going concern statement came out). However this is completely derisked now with visibility out to 2024...
A number of rerates on the card as the penny drops. last broker target I saw was £2.47 (Numis 20 Oct pre Bond being sorted...)
Big correction on the cards now.
With the bonds and convenant concerns put to bed, collection rates at 95% and plenty of liquidity and headroom there is no reason why this can’t surge back above 100p now.
‘Following this successful liability management exercise, IPF has strong liquidity, no material near-term debt maturities and an appropriate and uniform covenant package across its Existing Notes and the New Notes.‘
From RNS excellent news onwards and upwards