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Thanks Dawg,i will do
Should be back to £80 plus in no time now - 30 times forward earnings. I will race the SP against TRMR (LSEG from 7000p and TRMR from 700P)!!!!! No prizes, just for fun!
@Volcano, you have been very patient indeed. Fingers crossed it will retest the bottom and rise up. Or maybe it will just rise up. The upward movement today was very strong but then I saw that twice from 7100 to 7300 a few days ago.
Hey SW,
I can relate, since I don't have many masochistic tendencies.
That being said, you've a good reason to rationalize your stopping by the TRMR board and posting once in a while: you put your sister in TRMR and you must keep her informed. Also us; after a decade, give or take, it's nice to hear from rational old timers.
Dawg/i hate to look at the TRMR board because it keeps going up!! I put my money in this and it keeps going down!!
Hey SW,
I see you've left us Tremorites, but no goodbye?
Glad to know you're doing well.
Dawg
i have been very patient since £100 ,could this be the bottom ,we will see .
The us session may bring it down and it probably need to retest the bottom. Will add more if that's the case.
SNN/I do follow them,especially Mark Slater,i followed him into CVSG,i did very well out of that one,sold it last week,to put it in this. I am too mean to pay for funds,also i am more concentrated. I am only holding 3. Lloyds Bank,LSEG and GSK Hopefully that will be me finished,apart from a bit of top slicing or adding. I still like TRMR,i put some TRMR shares in my sisters Isa so i still have an interest in it,i dont think its right to post on a board if you are not invested,but please tell the lads that iam still alive and kicking and wish them all the best
SW - thanks for the reply. I think we look at the same fund managers (Keith Ashworth-Lord, Slater, Terry Smith, Nick Train). They all have a similar style, concentrated portfolios in very good companies. Terry Smith's mantra is only buy good companies, do not over pay and then do nothing. Trade as little as possible. I may start to buy their funds rather than invest for myself - I prefer investment trusts though, over open ended funds.
Re The Big T - one or two posters asked after your welfare, kindly of them. You won't mind if I report back? TRMR are set to report around $28m EBITDA for the 1st quarter alone, and the SP still not reacting accordingly! Ever passing that way again, give us a look in - your sensible input on the board is missed. Best of luck investing your profits.
SNN/good to see you on here mate,i sold out of TRMR(i made £491K)because when this dropped to £78,i wanted to buy in,but didnt have the cash,so i sold my last 60K shares in TRMR, You know iam a big Buffett fan, I wasnt happy with the P/E but you expect to pay over the top with its big moat. I havnt got my position yet (ive got another 10% to put in) so i am hoping this goes down until next week. Your research is as usual spot on
Wanted a stake in this for years, but always thought too over-valued. Watched as SP rose and rose and became even more over-valued. Taken a good look at the numbers after this fall. The share is a favourite of the Buffetology Fund and also Nick Train (Finsbury Growth & Income), both good long term managers, relative low risk funds but with above average returns. They run concentrated portfolios.
Results / forecasts per my research are – 2020 207p, 2021 275p, and 2020 317p. 30 times earnings is steep, 30 times forward earnings is very steep. LSEs long term average PE ratio is around 30ish, so I reckon the current price is as good as it will get to buy in. Institutions who have bought into the secondary placing, obviously, were also demanding this sort of price to get in at. The SP fall is simply a text book correction of an over-valuation. Buying now, you / I should get 10-15% pa, with relatively little risk.
Listen to Nick Train here - https://www.youtube.com/watch?v=9JefyfGO2Nk&t=395s
SW – you’re missed on the Big T board. I assume you’ve sold out?
FEXIT/you maybe right,only time will tell. I only hope this doesnt end up like when HP bought big data firm Autonomy. Goldman was one of the advisers to Autonomy on that deal,which turned out very badly for HP
From a high of 100 to under 70 Pounds. The markets have knocked almost the full price of the big acquisition from the share price. They love that acquisition as much as I do! "Bite off more than you can chew" comes to mind!
The fallout with the EU over the COVID vaccine might be causing the drop in the SP. It could delay an equivalence deal with the EU. On Friday they agreed to meetings on a deal,but a deal could be a long way off,we know how fast the EU move. A deal would give financial services a lift.
You done LOSE money or gain money until you sell. Why sell and lose money,not unless you want to bank a loss for tax reasons,then buy them back next Tuesday. No one can find the bottom,you can only buy in stages,hoping to get somewhere near the bottom when it turns,but turn it will
It could test 6740 so don't buy today. However I do think this is over sold. My experience so far is it will fall to the point everyone panicked and sold. Then it come back the very next day. This is what happened with me on Unilever .. I would be in profit if I didn't sell off, luckily I sold only half of my position so with dividend, I've not lost too much. By the way I expect the same thing happening to credit Suisse which lost 15% so far today, I will wait a month before buying it.
Hi noeyedeers,
I know how you might feel. I'm way down on this one and I get very frustrated watching the SP sliding.
Below are two links to recent analyses by Motley Fools. I'm not a big fan of fools but the analysis is good and the general gist of it is it's a good SP to buy
https://www.fool.co.uk/investing/2021/03/29/2-ftse-100-stocks-i-like-owned-by-britains-warren-buffett/
https://www.fool.co.uk/investing/2021/03/27/best-uk-stocks-april-2021/
noeye/apart from the SP what has changed about LESG, If you liked it at £87 you must like it a lot more now at £69;70p. My advice to you is to hold,if you have some money,buy more,bring your average down. I bought more on Friday and will be buying another £20K next Tuesday for my Isa
Hi All,
I guess I just wanted to get a feel for what people are thinking here. I bought in at 87.00 and now feel quite sick. I know that none of us has a crystal ball but I did not envisage the fall this far. I don't know whether to hang on in or cut and run. My feeling is it could be years before these bounce back up.
Thanks Steviewonder, yes I'm aware of the refinitiv cost that caused the initial drop, however just wondering why this is still dropping. will have to wait a bit before adding more, 68 could be a pivotal area.
Zara/there seems to be a few reasons,the Refinitiv deal,the amount we paid and the cost of the marry up, York Holdings selling and the EU. I only hope the management know what they are doing
I'm guessing the latest drop relate to york Holdings III Limited sold 10,422,684 ordinary shares of 6(79/86) pence each of the Company ("Ordinary Shares") on 23 March 2021. I have no idea what 6(79/86) means, maybe someone can shed light. Does this mean share will be back up soon?
Hah...well, that spike didn't last long !
..market seems to like the report. Sharp jump upwards.......niiiiiccce