Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Orhyblue, you never have anything nice to say to me. Its Just my view so im sorry if you dont like it, probably miles off anyway so dont lose sleep over it. Good luck with your investments
Alibeme, you are one of lifes horrible people you have nothing good to say probably no friends , I wish I knew you personally. Just do one.
@vipster84 - Worldpanel Plus Data up to 6th July released early this morning.
The upward trend will continue providing that we don't encounter a nationwide 2nd lockdown. Whilst I believe that localised geographical areas might suffer from lockdowns, as long it doesn't become widespread I think that consumer confidence will continue to grow and the data that I've seen would seem to validate that growth is happening across the restaurant and pub sector.
@ticitybo - thanks for the stats - can I ask for your source please? I have been looking for a credible source of information to understand revenue / footfall over the weekend. Grateful if you or anyone could share some sources. Many thanks.
Pubs, Bars & Restaurants are seeing good green shoots of growth. With pubs going from zero to around 25% of pre-lockdown footfall in a very short space of time. Those restaurants that have reopened are seeing around 55% of pre-lockdown footfall and it seems to be growing, albeit with a fluctuating but continual upward trend. If they continue to monitor the demand and adjust accordingly to keep costs down they will recover, but not overnight.
On what basis?
The low was 111 during the covid Crash, before bouncing back.
Currently at 36 RSI, oversold territory.
Taking a kicking yes, perpetually doomed, no.
i see this trading at 50% less soon, going to crash into weekend. Its not too late to take your losses (or profits).
Agree, Fredr. Just bought in more at 1.69 in order to average down some more.
It would appear the whole sector is in for a rough time, things may well get worse before they get better. Think many establishments will be lucky to cover staff costs and pay the rent, never mind making any profits.
I returned to my local on Saturday, where I am a regular pretty much 365 days a year. Frankly not the same fun it used to be, social distancing was a farce despite the staffs best efforts, and to top it all a pint of bog standard 5% lager now a shocking £5.10 a pint. (30p increase). I won't be going back in a hurry!
Even more so than marston's and weatherspoons, although marstons are more diversified as they have their brewing arm, and weatherspoons have a very shrewd and shareholder orientated CEO. Sentiment for pubs and restaurants is clearly low at the moment with cases in the usa keeping coronavirus at the forefront of everyone's mind, and pockets of resurgence throughout europe. Sentiment can change on a dime, and a 20%+ day can come out of nowhere. This has dropped far too much now and well overdue a recovery.
Over the weekend, i noticed many brokers recalibrated some share risk profiles which is used to calculate margin requirements. MAB were deemed to be riskier, therefore the margin requirements to trade MAB are now higher than before. We could simply be seeing some traders having margin calls and forced to sell to align with new margin requirements. I have seen this on other shares before.
I will continue to top up on these massive dips as i did in IAG, MARS pre merger, HMSO at the height of their negativity and pessimism. You need balls to make money in this market, and go against the flow of negativity and this share is right up my personal investment strategy of distressed shares with low sentiment and p/e. I am convinced this will come good as did the aforementioned despite the BB trash you get on here who think they have an effect by creating an account for the sole purpose of "chatting breeze". As for a placing, it would be bizarre to conduct a placing now considering;
a) Optimal timing would have been back in april/may like weatherspoons did, so why do a placing after we have been considerably derisked in terms of getting back into operation ahead of schedule?
b) The company is far below book value. Not a reason per se, but since we have now resumed operations, we have been considerably de risked so look undervalued. Not an opportune time to conduct a placing.
c) The company made contingencies to commence operations as late as October without conducting a placing back when things were less uncertain. Things will only improve from here as we are operational.
d) Secured various RCF's and other financing. barring another lockdown, we should be able to avoid a placing assuming we follow germany's trajectory of a speedy sales ramp up.
The only way I can see a placing is if pubs and restaurants are required to lockdown again, or if the SP is significantly higher than now.