Roundtable Discussion; The Future of Mineral Sands. 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.
We know who's shorting these! No need for the CAPITALS though matey ...
sixpence might be a bit small, maybe one of those old George V pennies with about 10p worth of copper in them
Having held for 10 years I just did some calcs and my dividend return cancels out all of my current losses and leaves me in profit. Recent £20 buyers are in more trouble.
Serious amount of numpties on this BB today .... 300p lol
That would value the company at c£22bn ..... the same amount they made in ops profit last year.
I would suggest you close the shorts as this could turn on a sixpence.
Hah, so the plan was to add some more at 930, which I did.
The thinking was that it was bordering oversold re RSI 14 and it looked like it was going to turn.
I didn't go all in, because I thought there was still a possibility we might hit 900.
(Indeed, I've still got an order in at 900, which I'd better cancel, come to think of it).
I didn't think we'd see that this week though.
Wow, I can see 850 coming up, no problem now.
Still, the lower it goes, the more of a bargain it becomes, imo.
The divi is safe and it can't possibly keep falling forever.
it was the same price yesterday at the same time...
The Saudis have got that.... crunching Shale is their game.
RDS working on $38 average for the year I think....
No worries.
Oil down 4%
Numpties are all occupied on another thread.
Regarding today's sp - come to daddy!
https://invst.ly/sbkiv
Serious amount of numpties on this BB today .... 300p lol
That would value the company at c£22bn ..... the same amount they made in ops profit last year.
LOOKING FORWARD TO PICKING THESE UP AT 300P
Q3 pre results were nothing great but brent still holds $40+ why is this and Bp going back to March levels ?
haemorrhaging...
Looking forward to the SP returning to my average of 2662p!
LOOKING FORWARD TO SELLING THESE AT 1400P
LOOKING FORWARD TO PICKING THESE UP AT 400P
Thanks Winsome I’ll need to in any event as will need to move some cash but thanks for heads up and no worries at all if it goes back up today as that in itself might signal an oversold position
Barrieprov: Wait tomorrow for 875-900
Thanks Boyobach I find your charts very informative and your argument sounds very rational in the midst of irrationality
Think I’m going to hold my nerve and take a dip in at 890-900 as not only FOMO but also the feeling that one day a reduced average will serve me well as I’m not a trader but now in for the long haul
Someone on this board is averaging in at 950 which I think is frankly amazing unless of course the shares hit 500. ;-)
The problem is that the knife fell in March, so the market has 890 in mind - hence the 'gravitational pull' of a price the market feels is inevitable. Logical valuation goes out of the window - it had a long time back in reality. It becomes a self-fulfilling prophecy when both sellers and buyers start to feel a price is inevitable. https://invst.ly/sbi9l
Thanks Winsome I recall the expression “don’t catch a falling knife” and agree there are no fundamentals at present to support buying other than yield and the conviction Shell wouldn’t need to cut divi again
Only problem is of course no sooner the headwinds have abated the shares will rocket so it’s probably a case of working out a comfortable average to get down to and then wait and see
I’ll see what 900 does to my WACC but maybe pause until I’ve read more about what’s driving sentiment
I am sitting on 15% loss atm. My advice would be to stay on the sidelines until the headwinds are clear. wait for clear reversal. it could be anyones guess. it could rever today or in a month or two at 500
Seems to be catching a falling knife right now. Supports not holding in any way.
Technically oversold on the daily and hourly. I think a technical bounce is at least due.
Today could be as good a day as any to be a buyer from a technical point of view
Brent futures down
Trying to get hold of FT today to read analysis
Shares looking oversold but im getting the jitters as for me I’m building a large position that’s a patchwork quilt of prices
Might hold out for 900
Thoughts anyone? Some posts I’ve seen advise waiting to buy until price starts rising