Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Well denby, profit taking probably will push PSN down 2-3%, but dropping to 1322 seem not possible. Unless something nasty happens to the world. Otherwise, I think that short term, 1522 is more likely though.
Stevebt waiting for my 10% drop lol
THE Oracle HAS spoken LOL
Bdgm, not this time I am afraid.
But let's hope that it will start rising later of day.
Last 2 meeting dates , Nov and Dec, PSN has gapped up and finished 4/5% higher. Lets hope for more of the same tomorrow
I take it you sold at £14.69?
Went to 1469 which was good enough for me will drift down now I hope
Thought you were after a 10% drop to buy 😀
Bank of America has downgraded PSN to neutral with the PT £15, but after the initial fall, PSN has fought back strongly to finish the day in blue. Let's hope that we will see it going back to the 1480's or even 1490's tomorrow. Good luck everyone and have a nice evening.
Might see 14.80 tomorrow :-)
“Stevebt thank you just thought that it would have a knock on effect ?”
The most likely outcome is positive for UK house builders, but bad for the miners.
Less demand for steel and concrete = lower commodity prices = bad for miners and good for companies that use concrete and steel.
“Evergreen is Taiwan's shipping company.”
I’d just presumed that denby is a Streisand fan…
Stevebt thank you just thought that it would have a knock on effect ?
You got it wrong denby. It's not Evergreen. Evergreen is Taiwan's shipping company. It's Evergrande, China's real estate giant, lol.😂😂😂
We dont live in china so we will be ok, this has been brewing for a couple of years so that maybe why the market wasnt bothered by it today?
Evergreen to be liquidated MY GOD WHAT DOES IT MEAN TO US ???
Yes stevebt, just like LGEN and MNG, AV often dropped like a stone after going ex-dividend, not long to wait now, hahahaha.
You easily get your AV price as you just need to buy after ex day
I know Gary, it has not always worked. I also have sold my AV. at 415. Now it has gone up to 430+. Need to wait until it drops back again before I can buy them back. So is HSBA, lol
I've recently done the very same thing twice with AV, LGEN & PSN. On both occasions I made some good money but the pesky shares have all gone up since I last sold so I'm patiently waiting for a drop. Good luck all & I only have myself to blame, ha!
...bought them 'back'...
My average was 1236.5, but I have sold them when the SP has gone up to 1475. Then I have bought them when it fell back to 1401. Bought with the money from the sale and got an extra 82 shares. I did the same thing with TUI and got 444 extra shares, which help me to earn an extra £1k of profit.
Sell and buy back is risky but it's well worth it. If you time it right, then it will be profitable. Of course if you time it wrong, then it probably will cost you a lot though. So, this is what we called: you win some and you lose some.😂😂😂
Isn't it strange when the share price is historically low we buy causiously as we think the share price has further to fall, then when it starts rising we want it to fall back again so we can buy more to either average down or to buy in at a lower entry price.
My average is around £15, I've reinvested past dividends and any extra spare cash into Persimmon over the past few years but I feel I should only be investing wisely if I'm lowering my overall average share price, rightly or wrongly who knows?
Wish I’d bought more when I bought some at £11.
My other buys were £15, £14 and £13