Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...'
They are like a swarm of locusts trying to feed off our harvest !
Tiger,
It’s blue so I’m definitely not complaining about that
It’s positive
However there did seem to be an orchestrated pile on suddenly from a lot of new entrants , it was like a cacophony of doom merchants all hunting in a pack
Anyone know of short interest situation with this ?
Much action there ?
Ride easy, I think a few of us have bought more than him but maybe he is dollar cost averaging and will be buying in a few chunks? Who knows... Regardless, that is a positive sign that insiders are buying shares of their company.
It shows a statement of confidence when a director buys. If it were a 'sinking ship's as the doom and gloom merchants like to put it would someone put there money in to ?
£10k purchased by a director
Big deal
It’s chump change compared to what I have in this at a lot higher price
But is he seeing a bottom ?
At least the damned thing was blue which we haven’t seen for a while
ASX: last close 0.06 (open est 0.057)
Sellers under 0.06: 3.3M
Buyers above 0.06: 264K
Hi Tigersmash, you've done well.
SmlFry, I was in at 7p and now have averaged down to the 3's. I understand what I'm buying and will not hesitate here, usually I dont average down if I dont believe in a company and cut my loses. I'm sure anyone smart will be accumulating right now.
3.64p... no wonder you're still flying the biggest flag, some of your fellow holders are in at 8-9p.
Looking like ASX is red today, I'm curious as to how low she'll go.
Let us now in few weeks because I debt you can manage it in few days.
I'm long here so Im going to hold on for few years. My average is p3.64 just you know and I have enough money to average down but not now.
I know how and when to do that if necessary. So I can make must of it.
How about you?
Hi Ehsan,
I'd have to do a few days research to answer that satisfactorily, however if I had to invest in the next trading session, MXC all the way. Due to I havea good indication of where I can cleanly exit and leave the bag holders praying for their break even price. But, of course I need to start paying close attention to your new average down price, as some of you will be picking this as a floor.
SmlFry
just tell us if you want to invest your money which one you chose and why
1.Virgin Galactic base on Financial performance 2020
REVENUE 238.00K
NET INCOME -273.04M
MARKET CAP 6.36B USD
SHARE PRICE $26.48
ITM Power plc base on Financial performance 2020
REVENUE 5.01M
NET INCOME -29.56M
MARKET CAP 2.42B GBP
SHARE PRICE £4.40
MGC Pharmaceuticals Ltd base on Financial performance 2020
REVENUE 2.08M
NET INCOME -19.36M
MARKET CAP 73.589M
SHARE PRICE p3.26
Thank you
Hi BDfox,
Please don't bring financials into the equation, we're all about skipping through a field of daisies.
What's this £1 obsession? If this makes 20p I'm buying everyone steak for a year.
Exactly my point Ehsan
@BDfox
I'm agreed with that.
Thanks for your time and effect to explain that here on this BB.
The only downside at the moment from MGC is a 2.2 billion share on the market. ( this is only my opinion and I believe is fixebal )
However, I'm going to add something to it.
sometimes shares price not moving by book. I can give you 2 examples ( ITM and Virgin Galactic ).
If we look at both companies with your calculation for share price and market cap (which I agree with you) must be at, for ITM under £1 and Virgin Galactic around $3.
Also if we look at the financial report for both companies we can see they just burning cash, no revenue, and lots of debts.
So my point is we shouldn't forget about fundamentals. how much an actual company worth on the paper is different from how much investors think a company worth in the future. and that would change the share price of the companies
Thanks again mate
Tiger stay positive, the tide will turn when it does, make sure you have a yacht and not a rubber dingy to sail out on !
Thanks for the whole write up stating how MGC needs to make 11 times more profit than Zoe to reach £1 where in fact Zoe is not making ANY profit at all.
Anyway... This is the stock market and you forgot the human sentiment factor that greatly determine stock price.
With what MGC has in the pipe and can deliver with success I'm sure it can reach the 11x profit you are talking about and beyond.
Just for clarification, I'm in here and in ZOE again, but to state that ZOE are in profit is misleading to say the least, the interim results from January show a reduction in losses to 1.13 million from a loss of 4.04 million for the period, hence why I chose to buy in again as they are obviously gaining traction, but a loss is a loss NOT a profit.
tigersmarsh..
zoetic do not just sell cbd oil !!!!!!!!!!
it has taken a year of really solid hard work from the BOD...they already knew a lot re cannabis etc...
zoetic are also in infancy.....but the groundwork has been laid.
Chill products, chew pouches and cbd smokes, all aimed at nicotine cigs alternative...
BUT..also sell cbd gummies in uk , award winning facial creams etc....novel foods licence on its way prior to march 3st .
European sales being set up....uk website up and running....it is much more than selling cbd oil !!!!!!!!!!
many pitfalls along the way the last year, but all so far have been ironed out, and the company is now ready for a steady roll out on a large scale...investors at zoe....myself incl....are expecting turnover possibly into the billions within 5 yrs.....
so if you wanna compare mxc to zoe, do so....but to say zoe just sells cbd oil is miles from reality !!!!!! i hope this is as well funded and run like zoe...if it is, you have a great future here !! good luck.
Would you have said the same thing about
Novacyt in Jan 2020 ? MGC is a Covid play stock anything is possible when it comes to that.
Zoetic comparison.... picking and choosing what information to use ..... (blatant ramping !)
The following is based on actual information
Mgc have 11 times more shares in issue that Zoetic .
Mgc would have to make 11 times the amount of profit of Zoetic or have a PE ratio that was 11 times higher to have the same Price as Zoetic.
For the sake of anyone who does not know the relevance of Price to earnings ratio or earnings per share to share price - it can easily be found on the internet. (Or buy some books on share price appraisal)
The below shows why MGC is incredibly unlikely to get to £1 given the number of shares in issue——
if the share price of both companies (Zoetic and MGC) was both £1 one of two of the following things has happened-
- Mgc has made 11 times the amount of profit than Zoetic has - to have a similar Earnings per share figure and so similar share price. (Shares within the same sector/ label “growth share etc” often have a similar PE ratio)
- or MGC is just making similar profit level to Zoetic - that means MGC would have to have a PE ratio which is 11 times higher than it would be for Zoetic for it to have a similar share price (Which means that an investor is willing pay to pay 11 times more to own a share of MGC’s profits than they would for a share of Zoetic’s profit. (Have a look at what the PE ratio of Zoetic is now- it is 130 !)
the level of blatant ramping on this board is nearly as high as what the PE ratio would be if MGC reached a £1 (like Zoetic is now) - MGC would have a PE ratio of 1300 !
That will highlight why it won’t get to £1.
The above is pretty basic share price appraisal the theory of which can be easily found on the internet. But maybe MGC will break the mould and investors will be willing a premium many times what they would be willing to pay to own another top performing share in the same sector... but 11 times more.... I doubt it !
I just wanted to challenge the blantant ramping and provide relevant information needed for any comparison with Zoetic.
The share price may or may not be worth may times what it is worth today in the future (and for all long term shareholders I hope it does)
But a comparison with Zoetic - cherry picking the information is just blantant ramping (and with a bit of knowledge found to be completely far fetched)
I would suggest anyone who is new to shares or for someone who does not understand the link between share price / market capitalisation/ Earnings per share/ Price to earnings ratio- to check them out online.
Listen to the podcast just released.