Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Some strange arrivals on here since my last post.
Always look on the bright side :-)
442.90 GBX +12.50 (2.90%)past 5 days
11 Feb, 16:35 GMT
Another 1,156,061 shares bought for cancellation yesterday. Less to share dividends etc with :-)
Let's not forget the lower SP ensures :-
Higher volume of shares obtained by the companies buyback. Which are then cancelled.
Less shares in circulation benefits dividend payout to shareholders.
Shorters are liable to recompense any dividend etc. Which will be increasingly costly.
@Anger - OK
19th May
@Anger from a personal perspective I would have sold on the 25th January had I known that no statement was going to be delivered on 10th February.
It's poor form from the company.
Which in hindsight is probably what they wanted so they can buyback cheaper.
PI's are the only ones getting screwed here.
The company made a mistake not sticking to their plan of releasing a trading update on 10th February.
They could have burned the shorts today, instead they're getting their ass handed to them.
Wakey, wakey JB :-)
WorldQuant increase 0.03%
Totals now :- 1.94
Marshall Wace
0.91% 0.10%
2 Feb 2022
Millennium Capital 0.51% 0.51%
7 Feb 2022
WorldQuant
0.52% 0.03%
8 Feb 2022
Total 1.94
I’ve been in and out of mondi…several times over the last 4 years….the shorts on that are around the same level as Royal Mail…yet even today there share price is up 65p….they have to gamble somewhere,and they don’t always win
The overall short interest here is quite small.
**Assuming we get enough PI's coming in / II's adding** they'll overpower the vultures.
It's too early to say though if this can be sustained.
Yet SP drifting upwards
https://www.shorttracker.co.uk/
Oli. As I'm sure you know Liberum always knock RMG down to silly levels. They can be totally ignored.
I notice the difference between Liberum and JP Morgan, mind you back in October 2021 JP also touted that Bitcoin would reach $100,000 by the end of 2021 and we know how that panned out....lol
So, if you discount the highest and lowest the consensus would be Buy / 650.
Yeah, that also confued me.
I checked on the Barclays site itself and it's the same there as well. It looks like an error.
The consensus target price that I currently see (14 brokers) is: 657.21p
The January 2022 figures that I see are:
Berenberg Bank / Buy / 650
Liberum Capital / Hold / 470
Barclays / Overweight / 640
Deutsche / Buy / 680
Barclays / Overweight / 640
Deutsche / Buy / 680
JP Morgan Cazenove / Overweight / 768
Barclays / Overweight / 640
Berenberg Bank / Buy / 650
The share price being artificially lowered is a boon for the Company at present as they hoover up around a million shares per day in buyback.
This will reflect in shareholders favour in due course.
Yes JB. We're in good company.
The Thin Red Line ;-)
"Been there, done that"
Absolutely Redceo, could see it coming. Its obviously a bit of an ongoing battle. I think our previous experiences here will certainly stand us in good stead. GL
Marshall Wace 0.91% 2 Feb
Millennium Capital Partners 0.51% 7 Feb
Total 1.42%
I don't believe it just went to post as you hadn't
One minute difference. Not unusual to be on the same wavelength JB
https://www.shorttracker.co.uk/
Almost as expected.
I've done some hgv work(agency) for Hermes in Rugby. Theres 6companies vying for market share of the online delivery service business. DPD, HERMES, AMAZON, YODEL, UK MAIL(DHL subsidiary) and Royal Mail. Hermes does 1.1m parcels per day, which increases to 1.4m in the run up to Xmas. They order more than 250 extra trailers just to cover the Xmas period in Rugby. They also have a sortation hub in Warrington (M62). Rugby covers the South, and Warrington the North. All these businesses rely on volume to make money
https://en.wikipedia.org/wiki/Daniel_Kret%C3%ADnský
Interesting reading on DK
CHRI55, thank you for sharing this article. Some positive news getting out into the media which should improve the mood and hopefully the SP.
Hopefully the staff absenteeism will decline considerably with self isolation restrictions coming to an end on the 24th of March, however I suspect that it will be one last hoorah and an extra week of "leave" for the small minority of ¶155 takers that take full advantage of the generous sick leave policy on offer.
One small headwind will be the huge drop off in Covid boxes as people stop testing plus we are heading towards summer which should mean a drop in cases.
There are plenty more opportunities for the business to make cost savings and efficiencies (I'm looking at an email as I post that, if implemented, would be an easy fix to save over £5.8m per annum and is an issue that has been reported on for at least seven years but still nothing has been done to improve the situation) so hopefully Simon Thompson will start looking into our operation in detail?