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Driftking : more like up 1% now post market. Nevertheless like you I am long term (since 2014) and have bought in this big dip. Didn't need TA for that. This is a solid share now 15% of portfolio, and I am convinced the tide will turn and steel be in demand again. I shall be here with it.
difference between you and i, i have been an ‘ investor ‘ since 2003. You sound like your a neither trader nor investor and just starting out.
One tops up on big dips, something iv been doing all along, and enjoy the ride. You on other hand sells at a loss so i can get them cheaper.
The worlds best investor once said: Be fearful when others are greedy; Byt be greedy when others are fearful.
Hopefully you will learn.
Best of luck going forward !
driftking27, the domestic punter may wish to try to time entry or exit in their dealings with technical analysis (TA), but the financial community are rather more interested in facts such as those presented in the financial reports as well as other statements issued from time to time that hold bearing on the prospects for the company.
Geo-political influence can have a structural influence on the share price as we have seen with the recent news from Chile. The best that TA can do is show graphically when the best chances WERE to buy and COULD have sold. The decision that I made to buy shares in RIO in the quantity that I have was influenced by my desire for exposure to the mining sector and limited by cash in my portfolio. When the benefit of owning shares in RIO (or any other quoted company for that matter) ceases to be compelling for ME and MY ambition, then I will dispose of my holding at the best price.
I would prefer that I sell and bank proceeds at profit but if I need to take a loss, rather than try and recover paper losses by adding more money into the same company expecting to not only recover the paper loss but to make greater profits, experience has shown this to be usually unwise. I will generally look to invest whatever proceeds are recovered in a different enterprise. Besides, there are tax advantages for taking capital losses to apply against future gains (outside efficient wrapper).
I doubt that any investor will declare the quantity of shares held, may not even be accurate in the information and actually, why not mind your own business?
The buy signal from graphs was below 4999p anyone topping up with small amounts?
My weighting is around 7.5% have 295, what’s everyone else’s weighting in there portfolio?
The RSI jumped from 32 to 54 now. 70+ is a dead sell
https://www.fool.com.au/2023/03/10/heres-the-bhp-dividend-forecast-through-to-2025/#:~:text=Based%20on%20the%20current%20BHP,5.5%25%20based%20on%20current%20prices.
RIO has to step up and improve its Earnings analysts suggest at ANZ and a few others.
Dividend forecasts are to slow down further y0y.
Just watch how you weigh this holding.
https://www.fool.co.uk/2023/03/12/heres-the-rio-tinto-dividend-forecast-for-2023-and-2024/
I believe BHP is looking better going forward as it’s commodities are spread further than solely on ICE Iron Ore
https://www.msn.com/en-us/money/savingandinvesting/bhp-tends-to-win-as-an-investment-pick-over-rio-tinto-wealth-management-firm-says/vi-AA1a8fvD
On a technicals, it looks like it's going to test the October lows around £45.
Think of the upside. This is "cheap" in the context of sales and prospects in a pots-crash era. I have bought some more.
i did warn you all it would drop off the cliff eh!
But, we just top up at the bottom whenever that is . simple
On the LIVE DALIAN IRON ORE Futures they’re estimated to continue to drop from here to September.
815 bps to 635 bps
Think the news also about FIRST REPUBLIC BANK IS NOT GOOD either.
Market correction.
It's been coming for a while.
It's all about China !!
Ex divi was quite some time ago.... before I sold on the predicted drop into the 4's....it will happen....
This hasn't gone ex divi today has it? Mines gone in my account yesterday so I guess this must be relating to something else?
Happy with dip today to add more shares. Was going to buy on Wed and thought was too high so added shares today at an average of £51.56
SANTIAGO (Reuters) - Shares in Chile's top two lithium miners, SQM and Albemarle Corp, slid on Friday after the Andean country, which has the world's largest reserves of the battery metal, unveiled a plan to nationalize the industry.
The move would see Chile, the world's second largest lithium producer, shift to a model with the state holding a controlling interest in all new lithium projects through a public company that would partner with private mining firms.
The bid for state control in Chile reflects a wider wave of lithium nationalism around Latin America, home to the so-called "lithium triangle", which holds the world's largest trove of the metal essential for electric vehicle batteries.
It poses a fresh challenge to electric vehicle (EV) manufacturers scrambling to secure battery materials. Mexico nationalized its lithium deposits last year, and Indonesia banned exports of nickel ore, a key battery material, in 2020.
Chile's young progressive President Gabriel Boric said late on Thursday in his announcement that the country would not cancel existing contracts, though it would try to negotiate with mining firms to voluntarily shift to a public-private model.
In early trading on Friday, Chilean firm SQM's U.S.-listed shares slid 6.2%, while Albemarle was down 2.5%. SQM's lithium contract in Chile is set to expire in 2030 and Albemarle's in 2043, giving it more insulation from the potential move.
Mining shares in London fell sharply too. Rio Tinto dropped by as much as 5% at one point to its lowest in almost a month, and was last down 4.7%. Shares in rival Anglo American fell 4% on the day, making the basic resources sector the worst performer in Europe.
gla
Divi gone back in ISA too at 5.149p.
Have added a few more today taking advantage of the dip in price. Not the best price, but I am content with the decision.
Driftking may get RIO in the 40s that he desires, but I'm desperately hoping that there isn't a resulting "I told you so" reaction considering the series of jumps up to the 60s that RIOs had following the numerous previous doomsday comments. A stopped clock and all that....
Technically overbought = garbage language of very doubtful meaning which fools some people. However if you are reasonably intelligence today's price is a likely opportunity to increase one's wealth.
Id also like to comment on The Market. It’s technically overbought!
It has virtually no risk priced in (the VIX is at 17), and is sitting on a mountain of ifs & buts.
This is a witch’s brew if you can call it something.
The VIX is a tech indicator that signals a fear gauge. We have hit 70 during both 2008, and 2020 or close to it.
The VIX, or the Cboe Volatility Index VIX, is a gauge of expected stock-market volatility, which saw its lowest finish since January on Tuesday of around 16.83 — its long-term average is around 20.
In essence, Rio Tinto's 1Q production result was weaker than expected, with the downgrade in 2023 mined-copper volumes the biggest disappointment.
Though the small bright-spark was increase with IRON ORE
Iron ore was the bright spot, with volumes in line with expectations .
(Sharecast News) - Rio Tinto reported record first-quarter iron ore shipments from its Plibara operations in Western Australia as China ramped up steel production, but cut copper output guidance due to issues at its US Kennecott and Chilean Escondida operations.
Iron ore shipments rose 16% to 82.5 million tonnes of the steel-making material, beating a prior first-quarter record of 80.3 million tonnes set in 2018.
However, copper production was downgraded after snowfall and a broken conveyor belt at Kennecott led to a 36% fall in output. Rio said this would impact operations until the third quarter and lowered its mined copper guidance for 2023 to 590,000 - 640,000 tonnes, from 650,000 - 710,000 thousand tonnes.
During the quarter mined copper production at Escondida was impacted compared to plan by geotechnical challenges in the open pit.
The mining giant said strong labour markets and spending in the US and falling gas prices in Europe were supporting their economies, but it highlighted an uncertain future as interest rate rises and the banking crisis bite.
"Given the lag effect of tighter monetary policy (in the US), the risk of a recession later this year remains as consumer spending will likely be constrained by rising interest rates and depleted savings. The eurozone economy continues to be challenged by weak manufacturing activities and high core inflation," the company said on Thursday.
gla
IF RUSSIA sends this SATAN nuke you should be commenting not US!
We have Taiwan & South Korea tension too, a bubble wanting to burst
I hold RIO & BHP