Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I'm asking the same question over 2 years later...
Good results = next leg up
Nobody following OXIG?
Get USD 17M for an asset that generated GBP 3.4M of profit, supposedly in hard times, sounds like a pretty poor return - whats that ? a valuation to profit ratio of 4 - pretty shocking, unless of course this was a sale forced by a cash crunch in the rest of the business, which of course would explain just why such a strategically poor decision had to be taken.
So ... they finally sold off the goose that laid the golden egg. Having managed to trap Siemens into a 20-year long licensing deal, which made OI what it is today, they have finally decided to sell the superconducting wire division. What next - stop making magnets and cryogenic systems, stop making scientific instruments completely? How ludicrously short sighted of the management team and how must Martin and Audrey Wood be holding their head in their hands today.
enjoying the direction of travel :)
When you make decisions to lay off skilled staff and close offices then that suggests that you believe the slump to be at least a mid term problem.... directors would buy if they were confident that what they were doing in the company would improve the share price. At the moment the problems are very much out of their control.... Risk still quite high IMO ...a gamble as to whether sales might improve next year ... DYOR
After a great recovery from recent share price drop this article has hit it very hard. You'd have thought that with the recent lows the directors would have dipped their hands into their pockets, but maybe they don't see the future as very rosy, or that the share price is far value.
Looks like it's due to a Sunday Times article : http://www.sharecast.com/news/sunday-share-tips-oxford-instruments-ftse-100-miners-redcentric/23452805.html
After the downward spiral in share price since the 8th and then the 20% gain from last Wednesdays lows, profit taking was always a possibility but the percentage drop surprised me. If the share price stabilises then i'll buy in for the long term but if the volatility continues i'll look for a short term trade.
Yes, must admit I am surprised at the drop today ! woulda - coulda - shoulda taken profits myself ! ah well..... still holding and keeping some powder dry - just in case... GLA :)
Taken a strong retreat this morning - 7.5% .. profit taking in earnest
Never complain about making a profit Gogetum :) Always better to sell to early than to late ( as long as it's a profit of course :) I bought in yesterday as well - so far so good..... Good Luck All :)
I set a sell limit at 593.25 which was triggered in the last 3 minutes of trade, so that was an unexpected quicker in and out than i imagined. I hope the upward momentum carries on for all those still invested but i'll jump in again if there's a decent dip.
Chinese news has made a mess of the markets and its all way overblown in my opinion ... as if with or without the Chinese central government those 3 billion more mouths to feed in Asia are going to do nothing about their bellies. China will have severe problems but do not think in our life time unless you're ten.
I jumped in too this morning at 557p.... current situation well priced in, I think ....I think Chinese September figures will be better of late, IMHO , and that may well drive sentiment in a wave of more optimism heading for Christmas .... but.... we all know ..that anything can happen !!! Good luck all
Well done Gogetum for keeping your nerve. While the day is not over yet so far things look good. I expected this mornings usual shorts getting unwound following yesterday's steep climb. I'm keeping my eye on Japan actually and was put a bit on edge following this morning's news. However of course yes the Fed will have an impact.
Did the same myself but set a small buy order at 540 and got them at 538.25. I was tempted to sell at the end of the trading day but after seeing the large buys i think i'll hang on and see what happens after tomorrows FED decision on interest rates
I hesitated on 540 went in at 557 feeling we have reached a bottom on this ... but then again I've had this feeling before and the market knew otherwise. Financially they look good, they pay good dividend its just the markets they operate happen to have some problems that are long overdue. I sense a u-turn by europe (Germany) on Russia due to this refuge invasion from Syria. Seems to have jolted europe back to its senses and I figure why keep making an enemy of someone who can do something about it? Otherwise GLA
Keeping an eye on this too.....although have not bought in yet ....todays news about Japan and Abenomics may have hit this again ....it does look oversold tnough .. OXIG is cutting costs and although sales have fallen they seem stable .... cant exactly get much worse... can it ? ...
1000 shares at approx. average of 556p. will add more on any further weakness in the short term.
And yet another 6.5% drop today....where is the bottom ?
Another 6.35% drop today....ouch !! ....
The trouble is that most of their sales are to government sectors, rather than industrial, so get hit unfairly in periods of 'austerity.' When governments are feeling wealthy they let the academics throw their money around but this is not now.