George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. 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.
Trading statement listed for tomorrow, Thursday 12th.
Carpe
This time last year the AUM announcement was 14 October, so I guess we will know (perhaps people in the market already know), what they look like in a very few days ?
This is certainly my worst 'income' stock but is the sustained selling based upon the last Q update or does someone know something about the latest AuM figures? I would not be surprised of another 500m outflows, but at some point all this cash in bonds and gilts will come back into the market. Hopefully PMI has a startegy to deal with the short term exodus of funds and reduce costs and the div by a moderate amount.
I certainly hope so!
This one was meant to be one that I bought and ignored, while I focused my efforts on some individual stocks.
Best laid plans etc :)
Yep, LWHL, thats how its done. PMI will be fine...eventually.
Took a small nibble more yesterday, as 60p seemed to be holding up fairly well (famous last words).
The rationale is simply that over time this one will hopefully get back to being a solid investment. But am fully prepared for, and indeed expecting, this to take time. And to have the chance to buy more lower still quite possibly, although obvious caveats apply. GLA.
Indeed. Not an impressive performance, it must be said.
Trying to decide what a good price to add might be.
Sub 60p and I will take a few more I think.
The next update better show some improvement, or some changes might be required. GLA.
There appears to be either a forced seller or a planned sell off by a major shareholder.
Still holding a few but starting to get a bit concerned that the market isn't supporting a higher valuation or showing any optimism ahead.
I have bought in here, and also bought some ASTO, which is more speculative, but the recent large director buys give me some confidence that at least there wont be a raise over there. A good time to buy asset managers I think.
This will follow Jupiter in my view.
I'm back in. If this is the turning point for UK markets, PMI should very well from here
Well they have had a serious hit again today, despite being long & wrong I felt I had to buy some more at just under 72p.
Fortune favours the brave (I hope) !
Well, sadly I was right that it was indeed going lower. Must listen to my sage, rather than my impatient, side!
Going to watch and wait before perhaps taking a final small tranche here.
This is a planned LTH for me and fingers crossed good management discipline will see them return to better times at some point...but for now, IMO, this could go a lot lower still in the months ahead. So, no rush to add, in my opinion. GLA.
Phil
You & me both !
I have just bought in at 86.5p today. (Averaging down to around £1)
I know I probably shouldn't bet against the market, but I am really hoping that it is wrong this time.
PMI have a strong balance sheet, a good strategy and a conservative leadership team that should be able to see out this rough patch in the market.
I am in it mostly for the future dividend, but would really appreciate it if the share price didn't keep falling.
Thevid
Sadly I am long & wrong, but still hopful !
Hi bar, been buying at 88p this week and last.
They are still offered at 86.7p.
The 2 trades at 88p of 150k each were yesterday, so not wonderful.
They go XD next week
Someones been hovering them up at 88p.
I took a baby tranche more too (even though I still think we are going lower first). I hope the person who mistakenly presented the market with the incorrect info regarding the inside sell, when it was in fact a buy, ends up having to sit in the naughty corner for a few days :)
I bought more at 81p - Results were no different to the AuM update and 80p was close to last November low so I expected it to be hit.
There appears to have been persistent buying all day today, though nothing like the volumes of yesterday.
With high UK inflation, UK Asset Managers will struggle in post Brexit Britain for a short while - but unlike others, PMI has a high percentage of performing managers - I hold a few funds held by this company and I'm quite happy. Good dividends maintaining value.
Higher inflation also means folk need to to save more for future pensions so money will flow into managed funds sooner or later.
LWHL I stand corrected.