Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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He noted BHP had tried to farm into Cascabel in 2016 prior to Newcrest and Maxit Capital’s investment, but was resolute that SolGold would develop the project itself. “We’re not giving the upside away to someone else,” he said.
Don't worry folks. Just read this. So many positive comments I may as well have repeated the lot. http://www.mining-journal.com/copper-investor-hub/copper-investor-hub-resourcestocks-company-profiles/solgold-heat-continues-to-rise/
SP well below 30p and regularly a faller. Difficult to determine the long term situation following Volvo news. Will people now want to exchange diesel for hybrid? Short term outlook not good: FCA looking closely at car finance deals and customers deferring buying due to so many different factors, now including the above. Really needs a consolidating takeover amongst the listed car retailers. Pendragon must be looking vulnerable with a MC of just over £400m. Any thoughts anyone?
Agreed. Dreadful investment for me. Only thing propping up SP is div yield. As we have enjoyed good times recently in the car sales marketplace, I fear the outlook is not promising for PDG. Share buyback has done nothing and with Mr Finn refusing to look at takeover situations "because they are overvalued", the SP is stuck in a rut.
No ones going to buy the dragon its a can of worms. Not for 31p a share. They couldn't find a buyer at 1p back in 2008 :-))
Near 31pence and MCap below £450M. Must be a bargain. Inchcape could buy out of petty cash! But over 5% down today. As Claude says, maybe market taken fright with Mr Finn sale. Although buys outnumber sales, this is no guide. Will be a buyer below 30p.
Clearly great prospects with the incumbent idiot running the show selling 3.5 mill Got to be time for a change of CE
This share never fails to disappoint. 39p a few days ago.
More chance of 5pence by the end of the year.
I have held these since April 2009 bought at 8.8p I wish i had sold them in December 2015 when they were c49p i don't see anything yet to make me believe we will get anywhere near that in the near future plus the price has dropped since your post I still believe a takeover is possible
This will continue to rise week after week, month after month. Great company with strong sales, cash in bank, experience in market place. 50p by the end of the year
now make that 18%
15% rise in a month is a takeover coming or something ?
The results are ok but the pension liability is a problem. I know that it may sort its self out if interest rates improve, but can't see this happening to any large degree short term or medium term. Haven't looked at the detail but they look ok.
The company has achieved great results and in fact has exceeded expectations. It should probably start to rise as of tomorrow, the current decrease is probably due to the current broker rating which should be ignored as 'Stalin' mentioned also.
Just ignore broker rating from cana they just quote the current share price as with lookers and vertu.
just formed.. !!!!!!!
Rally here. Let's hope year end figures are good and we get some upward movement once announced. GLA.
Hottips the thing that worries me about the dragon and pre reg is the volume they do just to hit the numbers taking to much VB to profit and not standing the car or vans right if they don't sell them quick they are very soon out of bed. From personal experience the bod walk around with one eye shut. Parts is another area that worries me how much obsolescent stock is building up just to hit todays purchase targets. Today's profit tomorrow's loss? 46p is miles away 34p is more realistic if they are counting the beans correctly. Big if.....
I think you are right Stalin123,given the small margins that exist particularly in the used car side of their business and the absolute need for volume growth it looks a huge risk to me. If you look at the reported volumes from the other major players, Marshalls, lookers, Inchcape, Vertu etc they have all focussed heavily on used cars this year with significant gains. Without sounding too pessimistic I cannot see the used car market continuing to grow and therefore the competition will become much more fierce for Pendragon during the next 12 months . We all see the press reports around high concentrations of nearly new /pre reg. cars which are being sold at low to no margin and Pendragon must be much more exposed to this than it has been in the recent past. I note today, that in the motor trade press, Pendragon are on a major recruitment drive for technicians and it may well be a signal that they are having to focus very quickly on alternative profit streams to prop up their used car business. Add this to the loss of a number of senior operations people,( you only have to log on to their vacancies web page to see how many people they need to replace !!) and I think the brokers are more than optimistic . I hope they get to 46p as along term investor but I suspect I will be disappointed again, 34p looks optimistic... !
Share price creeping up and lots of buys today. Confidence coming back?
Seems full confidence in the company and its abilities for stable and sustained future growth.
Great RNS, hopefully start to see an up movement of the share price going forward!
Are as follows. Lookers 220 Vertu 87 The dragon 46. If they ever get there i will buy myself a harley there pie in the sky at present put the lottery on.
cheers I would take 46p at this time