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Don't we all love it when the ftse reaches another all time high which it is now and also when at long last ITV moves back up to almost 80p.Howver many will also know that these all time highs will not last and the ftse will once again move back down.
So it's not the time to carry on pushing the prices up because you get caught in the trap when they fall. So now's the
time to be in cash ready to for the fall and buy back in much cheaper, or look for others like VOD & Bt for results and
Divi's.
Jedclampit
Are you really convinced that ITV will not perform better than the FTSE100 index?? As for me, it has already shown that it can do it and that is not afraid of a correction on the FTSE100. The only thing that can cause a deeper correction of the ITV price is, in my opinion, the previous very strong increases to the 88-95 pence zone combined with a strong several-day market decline in Europe and the USA. However, ITV's decline will not be large and will be used to purchase shares from undecided shareholders.
Hi Pogo,I didn't say that. I believe ITV will go up higher but not in a straight line now the ftse is at it's highest for years.look we all know that at some stage very soon the ftse will drop back again and ITV will drop again before it goes up much more. Now is the time to have spare cash to buy in cheaper plus look at other stocks to make more money and Divi's.
You raise a pertinent point but when you consider the FTSE hs fairly much stagnated at 7000 from 2015 onwards ( minus the Covid drop) and we had 10+% inflation last year then reaching 8000 isn’t that spectacular. Of course there will be a retrace at some point things rarely go up in a straight line but I could see 8800/ 9000 by year end subject to geopolitics/wars etc. I’d expect ITV to mirror this but with buyback tailwinds I could see this in the 90s but not much more. I’ll be looking to off load late 80s…. A bird in the hand etc
Hi jedclampit.
As I already said. The game of "catching the declines" on a rising market usually ends in financial losses. To check that is true, simply compare the value of our capital after a few months with what it would be if we simply did nothing at that time.
Your thinking will make a sense if we assume that our current investment can earn for us in a longer investment horizon (say, until the end of the year or until mid-2025) much less or only as much should be the expected market rate of return on investment for this period, compared to your new & planned other investment. In other words, I am selling ITV because I assume a maximum of 10% profit over 12 months, and I believe that my new investment in companies X and Y will bring me twice as much in 6 months (or same 10% profit in shorter time). And then it makes sense. Otherwise, playing on potential share price corrections (here ITV) on the strong and developing upward trend of this company's shares is a wrong and unwise decision, which knowing life and the psychology of investing in shares, may lead us into a vicious circle pursuit of profit to make up for it current paper losses. As we are thinking about ITV, we also have a completely different long-term (even until the end of 2024) share value forecast. So in this case, the profitability of my or your option will only be assessed after a few months.
The entire description ignores the liquidity of investing. You enter or leave an investment differently when you talk about the level of £10k you have and differently when you talk about £100k or more. Because although your strategy turns out to be financially more profitable at £100k, exiting and returning to the share market is much more difficult and may generate much greater losses. However, the mathematics in a game like this is inexorable. In more than 70% of such portfolio changes, investors suffer losses. If we are talking about medium and small stock market investors, the percentage of losses increases above 80%. However, it's your money, you decide and you will suffer the consequences of these decisions. Let's return to this topic, let's say in 6 months at the end of November 2024.
Hi Pogo,but I haven't sold the majority of my ITV shares and will hold until they hit at least £1.
I am talking about extra cash ready to put in when they fall again or spreading into more shares.we all know nothing is G/teed and over the years I have held good shares for years thinking they will all come good but some never do and there is no G/tee ITV will ever reach £1 + however much we want them to do so.you play your game all in ITV and I will spread my bets.
Jedclampit
All my free float money will be now incested in to ITV.
We will back to this discussion on the end of November 2024.
You can go to prison for incest!
I would hazard a guess that the Pogo family has seen that activity going on for generations and are loathed to change their ways now. It is how they breed out their superior intelligence.
Reading some of the posts, I come to the conclusion that being a troll must be very stressful. It's strange, because stupidity apparently doesn't hurt the person it concerns.
If we are back to ITV, after 6 upward stock market sessions, we could use a moment of correction and rest, but not necessarily when this is what most small speculative investors assume. Each correction is an opportunity to make cheaper purchases, and uncertainty allows you to achieve your goals.
Intelligence is stating the obvious over and over again on a public forum whilst revealing to the whole world a family tradition of incest.
Because of this (6 upward stock market sessions) as same as because of my divi payment is next Thursday and I will be very happy to make another good investment under the price of £0.85 pence - I will be welcome any slow down in this shares growing up price. I hope that that what I expecting - a sharp increase in the share price over 15-% in two-three days time, will not be happened before my re-investment.
If will be taking about feeling at the end of the day 78.29 is as likely as 79.50. It is worth observing that there are new players who want to make money on the opportunity.
Pogo fails to learn from mistakes. This time last year he was talking up ITV. Put all his money into the one share (schoolboy error). Bought at 70p+. The share price then plummeted to 56p and poor Pogo was left looking rather stupid.
The share buyback has lifted the price and Pogo has quickly forgotten his disastrous mistake from last year and is set to repeat the same mistake all over again.
Best not to take incestment advice from Pogo.
BP worth a punt Tom ? I sold out of here last week around 77.5. Got a spare 10K to invest before the missus see's it.
Go for it. BP profits fell but they promised to make cost reductions to bring the profit level back up. Ex divi date this week and again in August. Collect 2.25% before the next ITV dividend date in October.
100 billion valuation. Top business leadership (McCall would get nowhere near Board level). Possible M&A activity and possibility of Oil spike on top of energy doing well even in recession.
On the ITV shares market we have again "squeezing lemons" game, and on the forum multi account discussion. As you can see, the troll's belief that someone is stupider than him is still underestimated.
Pogo you are a one share trader who has lost money for the majority of the last 12 months. That is the definition of stupid. To imagine you are more intelligent than me is just a demonstration of how deluded you are.
Thanks Tom. I'll take a look and get in before ex divi.
Pogo - Take a break will you.....
I've still got thousand's in ITV but no harm in having a look elsewhere.
@omalley123
I’ve made plenty trading BP in the past , still hold quite a few it fact it was selling some at 5.55 late Oct that I bought my itv stake at 64. Oil is always a good investment long term and sometimes short term too and despite what green disciples say will be basis of world energy for decades to come . I think BP is at its mid range atm but more likely to go up than down imho from this point . I’ll look to off load at 5.75 and buy more at 4.75 subject to geopolitics
Thanks Spaghetti. Yes I've had a look and was thinking BP was possibly at the top of its range at the moment. Might have a look at Shell also but totally agree with your comment on the shift to green energy being "just around the corner" Oil is here to stay for a long while yet.