Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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As I have often commented on this website, the market always over-reacts to news - good or bade - in the short term. Better to wait a few days for the euphoria, or in this case gloom and doom, to subside. Beware too the dead cat bounce, another reason to wait.
Aa for me, I still think this is a sound business with an excellent dividend. I’m holding.
So good of you to keep posting about companies you have sold out of. Let us know when you talk it down to below 100p.
Usual caution of yellow jersey men.
What a downbeat message and then he says the future is bright! Wish they qualified that more. There has to be more upside than interest rates! That could just be burnt if corporation tax goes up!
News on ‘an inspector calls’ soon. Was expected by now and I must say it’s a worry what they have found to do.
I am on the sidelines atm and even at below 100p I wouldn’t buy back in. I would like to see some better numbers and the divi going up and not as a result of a lower sp.
I called it as I saw it when I was invested here and did well.
Hope indeed that the future is bright and those volumes tick up!
Good luck
Usual caveats
Trek
The chairman’s introduction to the results is refreshIng in that it is honest, direct and reads as if it was written by a human being rather than a pr automaton.
Market reaction first thing is to mark Jarvis down heavily - but on very light volume. I’m not selling even a single share.
the fact that they are paying a 3p dividend should really tell you what anyone needs to no
Mind you, volume is tiny. Sells and buys today total less than £53k.
Not sure how one might explain the recent swings and the lack of any news update but it's starting to smell a bit too fishy for my liking.
And down more than 14% today - for the same reason?
Up more than 8% today. Some people always seem to have inside knowledge. Perhaps an RNS due, giving the financial all clear - and a big boost to the sp??
Only speculation on my part, but I would welcome some good news as I am heavily invested in the debacle that is Polx: great product, exceptionally inept management.
Good to hear from you Trek, & that you are still keeping an interest going in what has not been the liveliest of stocks recently.
Still with 3p a quarter divis, without looking for future increases nor the occasional special we have an historic 7.5% yield at 160p and better revenues with interest being earned on their cash deposits we could be in for a pleasant surprise.
Agree barchid,
Good luck
Trek
Announced this pm as 3p, same as equivalent divi last year.
Given the "trusted person" cloud overhanging the company, surely if the family/board were concerned they would cut the payout ?
I take this as a positive sign
Malafuster
It would appear so but I have a friend who did this sort of work who told me that even for something very trivial it probably meant it was a fault in their programming and to correct and thoroughly check that all is now OK takes time.
Add to that the fact that most of these people are self employed and are paid by the hour speed, to them, is not really of the essence.
I am not saying that this is the case here but it is very possibly similar.
One would hope to hear something soon though, I certainly agree on that.
The trusted person is certainly taking his/her time!
AJ Bell have good figures, their SP slips.
Jarvis a bit firmer again today against the trend, when we know where we are with the trusted person we will hopefully see the blue sky again.
It would take very little buying to put this up to 200p, imho, so we wait for an announcement.
Have confidence in JIM getting back over 200 maybe 230 but even if do better on % think for a while better % rates on cash does result in less enthusiasm to hold shares if still the remains bottom fishing and the speculative urge!
Hera what you say Barchid but if there were a remote chance of anything being amiss, which I very much doubt, there would have been some kind of action by the FCA by now.
Hoping is the right term. I have zero inside knowledge or informed insight. I hold Jim for the dividend and the potential IHT benefits - and because until the inquiry it had seemed a very well run company. Also, rising interest rates should boost profits.
Malafuster
That is exactly what I am hoping for !
Smacks of insider knowledge of the outcome of the inquiry. Expect an RNS soon, and a further jump in sp. If so, I’m glad as it’s one of my main holdings.
A reassuring jump in the price today could well be window dressing for year end but pleasing to see after such a dismal run after the RNS announced a "trusted person" enquiry.
It has now been over 3 months since the RNS which punctured the JIM share price.
I think we should really have been updated by now as to any progress but managements silence is deafening, sadly.
Good luck barchid,
Hope they get the all clear and a nice bounce to 200p!
I may well be back. Like you no need to ramp or deramp call it as you see it. Makes for a better BB.
I don’t mind paying more if my views change and wish fellow PI’s well.
Good luck with your investments
Trek
Trek
Sorry to hear you are going, I've enjoyed our chats on this board, you often raise points in a way that changes my thinking, which I found valuable.
FWIW I am staying in, I like the company & am hopeful this cloud will blow over soon without causing a thunder storm ! It is a finely balanced decision, time alone will tell.
Best of luck to you in the future
Out now barchid.
Weak day today and weird drop ahead of divi. No point in holding for divi if sp drops 10p! Can always buy back. Also have good profit from trading from 98p!
Going to add at SEPL seems to have bottomed!
Good luck.
Usual caveats
Trek