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Explanation for MONY poor performance offered here earlier last month. Since then, the SP has declined further.
However, look at recent trades. At 202GBp, hundreds of thousands of shares are being squirreled away, waiting for one event.
Eventually Germany will give Russia what it wants and the Nordstream pipeline will open, relieving stress on natural gas prices.
I just checked in on MONY today to find a nice little upwards surprise.
I only added 0.8% worth of my portfolio to MONY on Monday as a bit of a punt based on the technicals seen, but it seems to have worked out nicely.
Some very large volumes traded yesterday which was a good sign. Today's dip I'm not so worried about. The Market is generally down due to fears over inflation, but this shouldn't impact MONY too much I believe.
Now a long hold for me.
Congrats to Steve305 also!
,,,from Berenberg today. Rated "Buy", target 275.
Hi Mark
You are right (gave you a thumb up!) The market has found a lot more here than I did. Quidco I am unsure about: it does not seem to make a profit. With a PER around 14 it is not cheap, but it is not overpriced either. I will keep my wary eye on here. Thanks for your guidance.
quidco is a good acquisition and ice lolly will be profit enhancing going forward.
energy switching will not improve until after the cap in april but expect energy prices to stabilise in new year energy crisis will not last for ever they never do !!!
have lived through many fuel shortages they never last long. dyor
I think thats overly negative. You dont even mention the acquisition of Quidco which is a great move
The bottom line is "We have continued to deliver on our strategy to efficiently attract, retain and grow our customer relationships, building a flexible platform to support our brand portfolio. This has enabled us, despite the energy market conditions, to deliver a slightly higher quantum of gross profit than in Q3 2020."
Third quarter update shows some improvement, but the commentary more or less concludes that energy switching is dead. That will knock a fifth off revenues. Travel related matters are slow to recover, and insurance "markets softened". There is little here to suggest a turnaround within the next year. It is firmly on the back burner now.
Agreed, some nice volumes traded on Friday. I just added having previously sold around the 260p mark long ago.
i was waiting for the update on tuesday before buying in here but saw some big buys go through around 11-30 this morning so took the plunge.
am guessing that update figures will be better than market was expecting will see if i am right or not come tuesday.
I can see it being a good six months before it's back to the £2.50 level based entirely on guesswork and gut feel, so rather than backing up the truck I'll be backing up a fleet of mid-sized vans over a period of months to get my average down.
MONY is at its 52 week low and lower. All four business units hit hard by covid. What has really dragged it lower these last few weeks is the flame-up in suppliers' input energy prices - there's a price cap so suppliers can't raise their prices, have withdrawn their best offers to their customers, so as a price comparison website MONY has no deals to offer its customers.The price is raised twice a year in Oct and Apr. While it's too late for this Oct, a 25% rise for April has just been announced, putting MONY shares back into play. Compare MONY with TEP, up near 20% since my pick on this LSE website, and we are waiting for MONY to benefit from the energy crisis in the same way.And looking at today's uptick in price and volume it looks like this may be starting to happen, could be a turning point, though Credit Suisse has cut its target price to 250p from 290p, however news of raising the Energy Price Cap by 25% , opening up INTL travel and holidays, getting through the current crises and consumer actions fighting inflation, could all be triggers to an eventual rerating at some point over the next six months.See: DJ UK Energy Price Cap Will Rise a Further 25% in April, RBC Forecasts https://www.catalyst-commercial.co.uk/wholesale-gas-prices/
...as a buy.
PER is 15, so it is not desperately cheap, and it has been hit by a triple blow: fuel switching, travel and travel insurance all in the downturn. The price is sitting at more or less a six year low. Operating cashflow for full year 2020 was unsurprisingly down 26%, and for the six months to June this year it fell a further 16%, so the worst is definitely not over yet. EPS has fallen c60% in eighteen months.
BUT they have cash in the bank, and the yield of 5% seems sustainable even at these reduced levels of business. Rumours have also circulated about a possible takeover. I remain unsure how this adds up. Perhaps it is better to wait for the third quarter update next month.
Stuck a couple of grand in yesterday although showed as a sell on here, probably be a while before see any significant movement upwards
Not for nothing is Battersea the home for battered doggies. But take em in and they ll be good to you.
Bought some more today at 220.
Well the gas price fiasco has knocked this down further. I'm betting this will turn out ok in the near future and took advantage of the low price here where it is hitting strong support. May see a slight drop but as long as the support holds 200p should not be broken. Plenty of positives here still, including a possible takeover while the price is subdued.
Bought some today at 250p.
As a bid target for private equity takeover
Bought in recently at 261, ticking slowly upwards. I’m hoping there may be a bigger surge when travel is given the green light and they can get travel supermarket and their fx restarted. Fingers crossed.
https://www.reuters.com/world/uk/britain-will-announce-travel-green-list-shortly-minister-2021-05-04/
No position here but had a quick look at it.
Shareval i see you have posted about an FCA investigation here and on advfn.. can i ask how you know this - what is the source?
Probably because everybody knows the general market conditions are not positive for them in general terms BUT they kept the dividend. It was not worse than expected and I think people are looking into the future.
Can somone please explain why the SP has gone up when the AGM as bad news??
Ok....these are very serious and involved issues and I will need to explain properly. I will draft something today to post here later or early tomorrow. It is simply an extraordinary tale and like all the great frauds of significant note and scale it beggars belief. The FCA don't even dispute it and I will give you some of the quotes from a head of division there. Amongst other things it will almost certainly result in a massive regulatory overhaul of the comparison site market where there are similarities with the Financial Crisis. A total divorce between the seller and the end buyers experience and wellbeing. MONY were (and ARE) offering a product that the consumer thought was a separate brand but all 33 "brands" are in fact the same company with the mother company having registered 93 separate names with the FCA. MONY should stop selling it, by their own admission foolishly, but the problem is that literally 90% of their offerings disappear since all the "brands" are actually the same company. With regard to the fraud we are not talking blurred grey lines and exaggeration but full-on financial fraud. Compounded by MONY refusal to take the product down. The head of division at the FCA said "it is so extreme and so dangerous they are quite clearly rotten apples and we are obviously missing something financially behind the scenes" with reference to the product MONY sell on an industrial scale. He is not wrong and I will go into this when I put up the full horror of the thing. Just so there is no doubt. I have never purchased a product off MONY and have no equity positions, derivatives, OTC or otherwise in an comparison sites either long or short. Zero.
Tell all market seems to like your news
Yes.....what would you like to know? This is about as serious as it gets and you don't get to do what MONY has just done and just walk away. Fire away with your questions.