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in tune with times
cheap as chips (EV/EBIT in 4-5 range, dyor..with strong order book and benefit of deferred profits from summer to boot)...just those persistent seller(s)...pither??
yet
ah...that may change the tune here ..tomorrow may be interesting
next pls...hurry down pls
either MMs know insider info (which clearly they don't cos that's illegal) or they know one huge sell is in progress ...any other explanation?
might buy a little more at 35p unless LMI starts to motor.
not adding til c30p..the lack of delayed sell smells real bad.. ...markets shd be more transparent than this
disappointingly modest and not much delayed..next?
selling to bash this back ...so when are those delayed sells going to be filled (if that be the reason)???
but a Bear, so cautious 'bout wider markets
Hi, you thinking of adding more? ;o) ... A dividend hike to 2.5 or 3p might help the sp a bit ?...
as ever my holding is dwarfed by yours (just 20k) ..IF profitability remains ok here, cheap as chips
so gave in..and rebought 7k @41p from cashed out profit 56-59p ...still believe 30-35p on cards, but surprised by lack of delayed sales
the insiders (not legally but colloquially...and in line with yr metaphor) are digging new holes and (part) bailing out it seems...but who ever knows in this murky world? ...@30p it would be worth the risk of subsidence??
Surprised to see this go under 40p. I reckon this must be the floor unless there is bad news in offing. It has been a bit painful for me to see the foundations laid, the price go up but was unaware that 59p was the roof. Is 39.5p bargain basement or a structurally unsound investment?
in play imv ...given weakening markets, targeting JMB c 30-35p atm
http://masterinvestor.co.uk/brexit/mr-camerons-thin-gruel/?utm_source=Master+Investor&utm_campaign=550ed0b524-Master_Investor_Daily_Bulletin2_8_2016&utm_medium=email&utm_term=0_25eff0bb7f-550ed0b524-34984745 back on topic - looking better value for money at this level. Maybe a 20% play on from here.
Thanks for your reply... its a bit of a frustrating current situation with the miners looking like they might be at the bottom of the cycle, with prices rallying etc and yet shorters adding to positions and most of the mining companies are well in debt ... bloody Lonmin lol
yes..a little obsessed with macro scene... ...reckon chances of significant correction in store for s&p.... .. approaching mo of truth for treasuries (inflation or deflation)...current prices seem to be av ...as market cannot make up mind lol... ...eurozone faces deflation, perhaps entrenched...not helped by strengthening euro (long euro is one of fav plays atm) ....china in for tough few years as it dithers about boosting consumption, ending free money policy/debt forgiveness and exports trouble via steady competitive currency devaluations ...in all this, the big issue is the debt hanging around on low yields...governments want to inflate out of this without triggering a rout on bond markets...doubt they'll pull it off...my bet is further deflationary pressure leading up to massive rout and stagflation (in which miners from much lower base will be great play/hedge..like 1970s)
Happy new year, interesting start ... Apart from Ntbr I'm pretty much sat in cash, mining stocks looking interesting, but thinking stand off for six months?? V diff to call the global situation with any confidence ... Are you paying much attention to resource stocks and the macro scene etc?
these persistent rel large sells plus choppy mkts puts me off adding ...hny, btw
Bought 10k at 49p ish quite a while ago ... was trying to churn a few into my ISA ... Holding 110k and seem to be stuck with them ... current SP is interesting, but the commodities crunch may be creating deeper value opportunities elsewhere?
in play