Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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... any ideas? The technicals looked a little oversold, but not conclusive (IMHO)
Agreed, it's a very large spread but it's not too dis-similar from its spread before the big fall when it was 26-29p. True this is an even bigger percentage and will deter buyers (like me at the time) but maybe it's par for the course. I wouldn't expect too much excitement here for the foreseeable. A long-termer, but a good one
What kind of a spread is that ... ?? Could do with a trading update or similar to increase buying pressure and haul that bid price up 3p or so.
The stock market does not reflect, or even track, the real economy, but is driven by expectations and speculation. Were it to mirror the real economy then we would have to expect an almighty crash at some point (unfortunately). The whole system is currently underpinned by excessive amounts of cheap (zero interest) money. No doubt, if we had access to this capital as the banks and hedge funds seem to do, then we would all be playing the same game, because it is a no-brainer.
Am only a novice and have little idea of spread betting interpretation....and this is my first post!!!!.....but am intrigued by what appears to be discouragement to buy or sell looking at the spread......generally why would this happen ???????...I invested in PIM about a month ago because it appeared to be a good company with a worthwhile product set
No shares are traded whatsoever, yet the share price falls.!!!??? I would raise the say proverbial eyebrows were teh share price to rise. - Either the system registering the price is flawed, or the market fundamentally corrupted. I veer to the latter on this score.
Yes, HB used to be my main broker (Online & Advisory)... however they decided to close online trading platform and I was one of the many that were migrated to TDW. Please don't think that I am anti-HB ... I am sure that they recommend as many winners as they do loosers (Law of averages and all that). The point I was making was really quite simple ... Brokers invariably have a vested interest (Stakeholding) in the stocks that they sell to PI's and as such it can be in the interests of the Broker to recommend a certain share over another... say if they are trying to reduce their holding or if they bought on the back of a discounted placing and were looking to turn a quick profit by offloading to PI's on a bounce (As happened with me & my first tranche of PIM). I subsequently decided that PIM was a company with incredible potential (Some reasons offered in my previous posts), and managed to average down following the most recent additional placing. Best thing you can do is listen to your broker ... listen real hard and ask questions / challenge them as to why they feel a recommendation is worthy of a buy... then DYOR and convince yourself that it either is worthy of investment ... or not IYO. I made the classic mistake of blindly trusting Hoodless initially ... I now ensure that I check the fact & figures for myself now even if they cold call me with a tip ... I have learned the hard way and yes it has cost me a few quid, but it was a lesson well learned for me. Very best of luck & happy investing. Wooly
Have you had dealings with Hoodless as their tips are very varied on success?
Your comments on how the weather has such a drastic effect of the food chain, and hence the prospect of survival itself and starvation, is the things that caght my interest. Civilization is a very fragile construct, and something as basic as the weather and with over 6 billion mouths to feed, we had better start developing mor robust crops. Let's hope PIM can contribute to this, as survival is more important than the share price.
was the broker that introduced me to PIM just after they had bought a shed load @ 30p (Placing last summer) ... cheeky blighters phoned me straight after and I bought at 34p ... unfortunately for me has gone one way since.... oh well, never mind. I averaged down ca. 26p a few weeks back following another placing and am waiting to dilute my average some more if we retrace to 17-18p. My day job is centred around buying food ingredients for a UK manufacturer and I see all too clearly what effect bad weather and poor crop yields can have on all aspects of the food chain... from the basic soft commodities like flour and oil right through the spectrum to the price of beef in Brazil or Butter in New Zealand... its astonishing and VERY scary. So I will stick with PIM for another year and see what develops and how they progress with expanding sales and increasing revenues and hopefully SHAREHOLDER VALUE ??!! Sorry for rambling... Hoodless Brennan have a massive vested interest in this company, I guess what I am saying is they will always tip it to punters and try to stimulate as much retail interest as possible in PIM. GL & ATB
Had a phone call from my broker Hoodless yesterday giving this a strong Buy looks good for future growth as a number of Bio type projects on the go and with less Pest / Insectides allowed they might well get snapped up by a big player out their. Worth a look
I am taking a holistic approach to this stock, and I view it not so much as a manufacturer of product, but more in the guise of what ARM does - that is, to develop ideas, and reap dividends via royalties. Basically, an ideas factory. There are too many bioteck firms chasing the wonder drug. I like this firm because it is in agriculture, and that is more linear than the haphazard loops of the biotechs. Lastly, there is so much stock manipulation going on all the time that I really don't believe what I see and using my own judgement. When it comes to finance, the UK and other developed makkets, so called, as just as corrupted and opaqe as those in any banana republic. And by the way, developed a new strain of bananas may be a good long term investment for PIM. Just a thought!!!
Totally agree, however there are a number of PI's who will most likely go with the flow so to speak and look to stand out when sells are heavy then jump in when there is strong buying momentum... guess Adobong and I are suggesting that if all you can see are sells then chances are that new money isnt attracted to reverse the trend (Accept that this isnt the complete answer - but it will contribute). Sometimes sentiment is only as deep as the order book ??
How does this account for the decline in the share price? - A common sense approach must dictate, I think, that one must have patience with this stock. It's a slow fruit and takes time to ripen and mature. Then, it will be ready for picking!!!
Same over at ATC ... think buys are going through as sells ???
I suspect most of the "sells" showing here are actually buys - I've just paid 18.95p. Surprised the SP isn't up more...
With a bit of luck, and a host of sleepwalkers, this share may perk up this coming week.
The smart thing to do is to Licence PIM's portfolio of products, not become a takeover target. Take the ARM analogy which is a fabless semiconductor company/designer. If PIM goes along with that model, and rakes in royalties without having to worry about industrial overheads, then perhaps one day (soon!?) we may see PIM's shares mirror that of ARM.
Funny that the only 2 people on here don't have PIM stock! I have spent a lot of time with MONI- multilayered stock, difficult to see the clear picture. I think it's a great stock & so do VISA. Some great posters on Moni, would be great if they came onto here. With regards PIM. Arysta sounds good, but am not clear on the licence. Do you think PIM would be a takeover/buy? PIM looks a great company, great products. I will need to check out the competition. Can you give me any info?
I have been watching PIM for a while, new they would have to raise capital but didn't expect a placing. The capital raising could be linked with news from the US could it? My research seems to point in the right direction.
£71k & £13k at the death .... good stuff.
Knowedge is the new capital, and this firm has knowledge. I have every confidence it will prosper, so I bought in and will hold long term. Thus, stop looking at the share price every ten minutes. Every ten days will suffice.
I may be corrected but a placing is different from a rights issue (or an open offer) where punters like you an me get a chance to buy. With a placing you go straight to the institutional investors and they get a sweet deal. Apparently it's much cheaper to do, but it certainly screws the PI's. Pter Blezard sent an email to Atrocity Exhibition on iii explaining that 15p was the best price they could get in the current market. I'd say that, judging by the trades towards the ens of the day and after trading, if you managed a top up at 18p, you did well. Of course, tomorrow is another day...
if it was a general placing why didn't existing shareholders have the right to buy at 15p? or did they and have i missed something?