Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Don't worry about losing 60% in this one, Iot's of other companies out there that will also take your money. Oh well, might as well let this one join the rest of my losers!
Looking to get in here tomorrow, don't really understand why the share price has fallen so badly, surely it can't be any thing to do with Stellios and the hotel franchise, that's a massive plus. 67% shareholding in FastJet, Luxury hotels, Agri services etc, seems absolutely solid IMO, haven't checked out a/c's tho. Definitely think this a tremendous longtermer. Can anyone please advise otherwise?
lol...great word/notion
lonrho my favourite LOSS making share, i think why sell now? iv already lost 60% surely nows the time to top up? well then it goes and falls 15% i'd like to thank lonrho's management. BTW A BIG cheer for kibu WHO told us ages ago how this would fair. alas iv taken some of my money and put into CEY which will do better
Uncertainty, volatility and a bit of noise will naturally put people off. I see LONR a bit like Ben and Jerry's ice cream; I don't like having to buy it at a higher price, but when it drops for a limited time I'll swoop in and top up. Might have to swoop in with a casual valuation and see what's what ;)
Oh dear
Investors apparently just cannot believe any good news from this company. A good opportunity for all those not boracic!
kibu has "weak buy" as opinion.... so market is not following kibu's opinion.... ...maybe following the analysis though ...surely management is beginning to feeling the heat?...not before time.. trouble is: nothing much PIs can do about management except sell
Yes, odd that the share price has gone down with the news that Stelios is lending his expertise. Perhaps everyone has read Kibu's anaysis!
The start of a chain of easy hotels? Should be positive news.
I bought Lonrho @ 9p and got out last week @6.09 I agree completely with you - the alarm bells are to be seen everywhere. The clearest one was when Needham resigned as a non-exec director. I bought despite that and it was a lesson I will note for the future. Other evidence of the inadequacies of the (ex) directors is the way they left Lonzim now called Cambria where there have been massive write-offs dubious assets in the balance sheet as well as inter-company balances etc. not agreeing - the ex directors should be called to account over this. If I were on the board of Lonrho, I would be thinking of getting rid of fastjet - sell it to the shareholders for 2p a share and try and sort out the remaining mixed bag of investments. Shareholders can then decide whether they want to sell out or retain interests in both companies. If Cambria is slowly sorting itself out and appears to have turned the corner so there could be hope for Lonrho as well. I will be following Lonrho and may buy back in - I expect it will be a long time and will probably be at a lot less than today's price A big strategic review is called for and probably big balance writeoffs may be required. If I could afford to lose money, I would go short on Lonrho and expect to make big money
"Valuation and risk at Lonrho" 18 March 2013 In valuing Lonrho as an investment, it's difficult to know what to believe and where to check. Lonrho's management obviously values their plantations and Fastjet. But can their judgement be relied on? Under Accounting Standard IAS 41 they were able to book in a large profit (effectively recognising advance profit on 'biological assets') which, while legal, adds to the risk metrics. A few months later Geoffrey White reported unexpected local weather damage but, curiously, "no impact on the biological asset valuation." Likewise, an enormous sum in the accounts hangs on Fastjet's success. The risks of this venture seem to mount daily as goodwill and management's credibility become increasingly undetectable in the face of unfavourable international press and looming courtroom battles. Occasionally, the dry rot of creeping bad news bursts through the thick brushstrokes of Lonrho's rosy PR painters and we have an update such as that of 4th February. Shareholders suffer again as the price collapses. The current price is now below the directors' options and it's therefore timely to highlight how those options were scandalously repriced. Before repricing in 2009, the directors options were mostly priced at 44p and 34.5p. Lonrho's share price had fallen so disastrously after four years of their management that the options were no longer 'incentivising' and they decided to reprice them - to 6.5p. Just over three years on, and further value destruction, their options are back underwater. Management may, yet again, be lacking an incentive and be a potential 'flight risk.' This is surely one risk that should not trouble any long-term investor or fan of good corporate governance. kibu
Any one eating braaivleis now must come from Zim or Mozambique South Africans cannot afford good vleis any more. Fish braai - fish getting scarce, where are Lonrho going to find quality fish for Walmart (SA or America)?
lives long in our imagination. One of the finest posters on lse...fearless, funny, amusing and acute.... what's not to like?? .....would have saved his passengers a packet on their fares...if they listened how r the cranky crew?
Sums up my feelings exactly. Sad to see really.
good chance cey will win thier court case and thier current have a NAV of 127p , i bought at 52p the share price is 57p already and will prob rise before the court case, worth a punt
bolox to lonrho i say and thier bad management
Share price 107 - 27 in the last six months; ongoing court case; gold mine in Eygpt; ex-Ashanti guys -yep, CEY could be a good, fun alternative to Lonrho. But with competition from the likes of GRPN, JLP, VGM, LMI it's so hard to pick where you'll get most fun with your chips.
buy cey instead forget lonrho
"Maybe "buccaneering" was the right word?" 14.3.13 "A buccaneering stock for adventurous investors" was how MoneyWeek headlined a feature on Lonrho a year ago. Calculating an "intrinsic worth of more than 15p a share" they wrote "BUY at 10.25p." At the time I criticised the article as being top-heavy on the hubris of African statistics and showing little insight into Lonrho's financials. The writer quoted "(2011) operating profits soaring to £12.2m" adding that they "were slightly flattered by a £17m 'book' gain from 200,000 fruit trees yet to mature." Slightly? Lonrho's management has had seven years of fruitless adventure: an enormous hole in the P&L (expanded annually by 'extraordinary' figures); share price lower than in 2005; no prospect of dividends; damaged management credibility; and a far from healthy cash position. It's an unattractive body corporate kept alive through regular equity placing transfusions. MoneyWeek wrote that February 2012 was a "cheap entry point." One wonders about the present worth of the "intrinsic 15p." At a price 45% lower now, it's still not cheap but certainly more realistic. kibu
http://www.magamerica.org/country/democratic-republic-of-congo/overview http://allafrica.com/stories/201303120709.html
What went on the grill wasn't dried, bakoven. It was fresh. Small, but ocean fresh.
Slip sliding away 5-4-3-2-gone
good for a laugh is Kibu. So are Lonrho actually. I am going to bequeath my shares to the inland revenue.
RNS9409K 25.7.11 Lonrho's seafood division, Oceanfresh, is pleased to announce that its pure Hake Fillets will be sold in 500 Walmart stores in the U.S. beginning in October 2011.