Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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csdi, maybe pay into another share for now until psn has finished dropping, what do you think?, I would like to get back in, but thinking maybe £15 or £16, with the talk of recession and interest rises , but of course i may be totally wrong as things can change very quickly, most of my shares are down right now, Vod holding up well, but for me personally, not high enough to sell and not low enough to buy so just holding on, but for those who got in low of course a good dividend return
Oh well - another drop in the SP today - Mr Market certainly not friends with PSN these days.
Just reinforces my mind to take up the drip and also add another couple of quid to the kitty.
My ISA has a low commission (£1.50) purchase day on monday, so will use that to add a few more shares.
Only got 127 atm, but should add another 15 or so in the next few days.
Pound cost averaging works for me, and this will take my average cost down a little bit.
Will look forward to August to see how many more shares I can add.
Must not complain while SP keeps falling as allows lower cost additions. I know everyone wants higher SP for selling, but we just have to wait in the current climate. No doubt it will improve when we least expect it, as it is always the "end of the world coming".
One area that may be affecting us is the forthcoming end of Help to Buy, which has inflated house prices artificially for some time. You never know but there mat be another U-turn to reinstate it ?!
GLA - C
The share price on the 8th stands a good chance to rise? At these low prices I will be re investing it back in here as I think will most people?
A nice dividend payment due next march the way my shares are adding up :-)
The next question for me is whether to use the DRIP or not.
The divi is due for payment on 8th July, together with a Trading update.
if you use the DRIP scheme it is noramlly a couple of working days later that the shares are purchased.
At the moment I am planning to make use of the DRIP scheme, and will make my choice at the last possible minute.
Provided the SP is below my average (currently 2121p) then it seems to make sense.
Even if we have an unexpected jump that takes us above 2121, for me it makes no sense to leave in cash, as it is only a few quids worth anyway. It's near impossible to time the market, so putting in on a regular basis (month by month) should even things out.
Of course the clever traders will always try to time their purchases, but I am most definitely neither clever or a trader when it comes to shares LOL.
Cheers & GLA - C
CSDI , title rebranding
Construction Slow Down Instore ?
CSDI: when did you get out of SHELL? I remember you were posting there. You must have made a decent profit there? I know I did.
I'm looking at the house builders and this is on the radar but i'm going to sit and wait it out for 3 to 4 months as believe this has further to slide .
The bottom is not here yet imo
I think that's the problem. Many new investors wil simply wait. The bod should learn from this inmo.Maybe their stance is deliberate??
We've dropped a long way from the 2195p close before ex div day. A drop of over £3 for the £1.10 divi,
Over the same few days the FTSE100 has dropped from 7273 to 7208 = less than 1%.
So a very poor run in the last week or so.
Steve nailed the possibility of the £18 level which would be a superb entry price for those that had funds available.
I'm waiting for next month before I may have more funds to add.
My current average cost is 2121p roughly, with equivalent of about 90p per share in divis, as some bought after recent ex div date. While current sentiment may be negative, I am optimistic the share will recover given time, so quite happy to hold for the forseeable future. An initial target of £25 would see me sell around 20-25%, if we got there. There is no reason why the SP cannot get back to £30 if profit levels remain as they were for 2021. The divi of 235p p.a is a massive 12% or so at the moment, which is a great carrot. Of course any new shareholder would have to wait 9 months before securing the next divi.
Not many better value shares to be seen in the FTSE100 in my opinion, but with my track record the normal advice would be to steer clear of anything I buy, as I am called CSDI for a good reason - Crap Share Dealing Ideas.
GLA - C
CSDI, I wasn’t bothered about £18 dead I was just on about that range and here we are. It’s following a similar path to what it did 3/4 years ago. Let’s hope it stays in this range for a while :-)
Yes Steve
Getting closer to the £18 you mentioned some time ago.
Certainly a better buying opportunity now after the two divis taking it down.
SP dropped 9.2% on March's ex div day, and 12% on last week's ex div day - certainly been a catalyst to take price down.
No doubt if market was on a bull run, the divi drops would have been less than the divis - but I have noted how often big divi shares get over-punished on ex div day, having watched tobacco shares and the likes of RIO in the miners get pummelled.
Hey ho - all part of the rich tapestry .....
I am sitting out for at least £25, so expecting a long wait.
I've been here before with PSN buying in a SIPP at £27.44 in Feb 2018, only to watch it tumble 40%, before climbing back.
At least this time my highest purchase is £23.24 back in March, and the lowest £19.63 last week.
Hope to add a little more next month as I try to build the ISA.
Funny how falls always happen quickly and dramatically, and the recovery takes ages climbing the "worry wall"
GLA - C
It will rise, I had always planned on buying a lot when it hit this price but the stocks I was going to sell to buy more have dropped a lot so it’s not really worth it.
Just checked latest SP @ 1870p - ouch
Better get back to work and stop depressing myself LOL.
Will just need a lot of patience and wait for recovery.
GLA - C
Oh well decided to go "all in" - sold my few remaining shares of CEY and just added another batch of PSN at £19.63 + costs.
It's only pocket money to most on here, with just a 127 shares in total now.
Average cost £21.21, and an average 87p divi including today.
sitting on a loss of 3.5% at SP of £19.60
All within an ISA so no tax to pay on divis. and no other holdings.
Time to live the dream LOL
GLA - C
Allowing for the dividend the drop so far has been an extra pound, would of loved to of sold some more yesterday in case what happened today did but I didn’t want to take the chance.
Nice big dividend to pick up in a few weeks half in my isa as well :-)
Not messing with my core holding so took the divi on that and also added a few to take advantage of the near 10% drop - winner winner…!
Robleo got it right !
Down about 9% so far, more than enough to cover costs of selling and buying back.
for those with big wallets, "a nice earner" in the words of Arthur Daley !
for me, it is about the long term so will just have to be patient.
With the SP at £20.06 that leaves me down 2.7% after accouting for the divis. Hey Ho
Where to next for the SP ?
GLA - C
I think there's a good lesson there. Blackrock regularly manipulates share prices (used to be illegal but regulators have teeth made of marshmallows - brains too). If they are buying and helping the price down separately it will surely Ho back up at some time. Patience! Just keep taking the dividend. Just about the only inflation busting return out there!
Nah. It will drop to £15 and BlackRock will swoop them up for £20 making mugs of us all.
sorry 2%....not 6% !!
good job if you made a few bob......hahaha, that is true of all us shareholders, we are never 100% happy....we bought too high, or sold too low....! Well, I will take this as one of the good days, picked up a nice Divi, and made 6% on a good chunk of shares in one day ....Hundred times better than when the market goes the other way and bites you in the a** .
The other question is ...will it get back to 22.00 by the end of the day .....hmmmmm!
Me too, just not enough! Bought back a little bit too quickly bit still made more on the drop than from the dividend. Still - dividends are real cash!
Good luck buddy, many people cannot make up their mind and end up choosing status quo and doing nothing. You did the important thing...."You made a decision", and sounds like you are comfortable with it. I sold a sizable tranche yesterday, and am hoping I can buy them back when market opens ........Lets see :-)
Well it might move upwards steve, but it also it may go down, if we new those answers for sure, we all could be millionaires ?
No one knows what's round the corner right now, that's the uncertain times we are living in, also card can go down ? It's all a gamble we all know that, but we have to make our own decisions, and be carefull not to be influenced by other posters on these boards including me
But i wish you all good luck, whatever you decide, we all need a bit of that
I sold a few hundred and bought card factory, as soon as that rises I will sell and buy in here. As soon as persimmon announce half year results this will move upwards.