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.
I am personally more confident than I was despite the drop. For me it is illogical and reeks of a lack of realism regarding how this pandemic is most likely to play through. Of course there is a risk but if you are holding a stock with a 100-150% upside potential it would be naive to think otherwise. Looking across the market there are multiple other players that are in a far weaker position financially.
I posted last week about the up coming RNS and being uncertain. It’s a a lot better than I anticipated and was surprised at the sp drop as much as it did so I purchased another 5500 shares. I’m in for sure purely based on better results than anticipated. Be patient all this is a very good company to be invested in.
My point is rather what in that did the market not price in prior to the results. There are, at least for me, no surprises in that whatsoever. The fundamental gamble in this stock was always in terms of short to medium term viability. The stress test that they cover adequately covers this in my view. Assessing intrinsic company value (as we see all the time and to an extreme with technology stocks) is about medium to long term returns. I see nothing in these results that suggests those returns will not be forthcoming, even if a full second wave is experienced. Financially weakened yes, but most businesses are at present. Many more, dangerously so.
Have you looked at the buses , near empty. Net debt £1,340 Billion.
"As we have restarted services, we have again worked closely with customers and ensured safety is paramount. While there are some signs of demand returning, levels are both significantly reduced and subject to variability given local lockdowns, the impact of quarantines and uncertainty over the extent of US school re-openings. We do not know when pre-pandemic levels of demand will return.
A strange market reaction in my view. Having read the results front to back there is no significant downside that should have been unexpected. Cash on hand is better than I expected, the Q2 loss was absolutely to be expected, the future stress testing way better than I could have hoped. A little unsure what investors were expecting....