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.
>they must have bought in the end of day auctions so as not to give the Bulls a helping hand with the share price
End of day auction's UT forms the closing price PC?
Think I'll buy back in here in the auction. Liquidity is poor but the price is great and its oversold
Now a "Super Stock" on Stockopedia as well!
Not everyone has a limitless pot to continually average down! Timing (unfortunately) plays a key part....
Can't for the life of me understand why anyone would experience any difficulty in averaging down, seems to me its a task that gets easier with every passing day.
They closed their short and the share price remains near near term lows..... they must have bought in the end of day auctions so as not to give the Bulls a helping hand with the share price
You beat me to it! I just noticed that Samson have closed their short.
https://www.shorttracker.co.uk/company/GB00B02QND93/
Well if that accounts for the drop then it should help a bounce bwtfdik!
Now at 472 but toooooo many shares! Lol!
Usual caveats
Trek
Shorts are under 0.5 treshold finally, it is time to move upwards.
And 5k shares for me at 470 at the bell. The vix here is really helping get my average down but flipping heck is it hard work!
468.8 v 470.5 atm on ii. You can also buy or sell pretty much as many as you like well at least 50k worth in one hit!
Usual caveats
Trek
And they had to pay well above the ask price to buy in this quantity...... yes interesting
Yep saw it. Interesting to say the least!
2m has just gone through before the bell.
Thx , I had no idea.
Because they only needed to report those positions while Appreciate was being taken over. Unless a position goes through a whole percentage (e.g 3.9 to 4) or is over 3% of the share capital, no TR1 notification is necessary
I am just wondering why did not we see any holding rns (8.3) in the last 2 weeks? There were some larger tardes every day lately. Dropping a bit on low volumes again while there is a carnage on the markets.
A bit more for me at 4.70. Bring on the divs.
I hope getting a bid from the spanish parties before that. SP has been slipping on low volumes lately, totally irrational imo considering APP acquisition and the decent trading updates. But FTSE is 2.5% down today, what could we expect?
Cheers Trek. Think it could fall further, maybe even revisit 2011 lows, but I don’t mind. In a year or two this will be back over £7.
Well done Saab! I got a buy in at 478. Set a sell for it slightly higher. That’ll take my average below 500 but your sell buy looks like a real winner.
This has been hard work!
Poker, yes forgot they are new shares as opposed to Divi reinvestment. Thanks.
Usual caveats
Trek
" Or they can be scrip divi buys. "
How can they be "scrip divi buys"..as scrip dividends are newly created shares issued by a company instead of the dividend ( very small dilution effect)
Sold mine late January at around 525p (awaiting Samson Rock to reduce their short). Slowly buying back in now
487.28 one of my buys as unknown for 1000 shares. Got one more buy and two more sells pending. Average now 500.00025! Lol!
Getting there!
Usual caveats
Trek
Over 15 one trades so far on the LSE trades page.
They are usually MM liquidity scheme. This is where the MM generates lots of trades to try and encourage trading liquidity.
Or they can be scrip divi buys.
Given the timing of the xd it’s likely the later as there are many other low single digit indicative buys.
Usual caveats
Trek
question for pokerchips, or anybody else in the know. Your comment below caught my attention when you said "so that when the 9.2p gets paid on the 6th - investors will be paying more to invest the dividend than just a couple of weeks ago ...usual ploy to make divi buys more expensive"
I was thinking this could be quite useful info for potentially selling own shares that hit the same narrative, but then I thought hang on HL reinvest the divi for me from memory around a month later than it's paid out so that wouldn't necessarily ring true after all ? eg I've only just invested here but had I qualified for the divi on the 6/3 the divi payout wouldn't be reinvested/bought until say 6/4
I bought back at around 488 today. 2 lots.
Have set sell orders for them both for tomorrow. 498 and 509. If they go they go and I will look to buy again. If I do I do if not no problem.
The idea is to keep my core holding and get a lower SP average.
You can only really do that if you don’t mind holding the stock which I don’t as it’s an income play for me.
My average is now 501.44 down from +550. I have more shares but am pretty confident of getting back to my core position and once it’s blue I will leave it.
It’s been difficult as I am doing the same with DEC atm where I have got down from +120 to around 105 so having to move between the two.
My other holdings are all up with a nice cushion. It’s just these two I have to work at.
Hopefully they both turn soon and I can have my cash back to cover my other positions but if not I get the income.
If you want to trade the fringes you need to make sure you factor in the spread, the tax and trading costs. I only pay £3.99 a trade so it’s a tad over 0.5% + spread which can vary.
I do it with lots of little trades rather than waiting for bigger moves.
My income pf now yields 9.76% and I hope to get it back above 10% v soon when I finish at DEC where I intend to feed in what should be good profits from YU to provide me with additional income.
Good luck
Usual caveats
Trek
What sort of level would get you back in for a trade if you don’t mind me asking. I missed the 480 last time but getting close to that again…