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Unclue/ Doomster,
What do you make of Uncle Mikey's latest achievement - Ryanair is now the LARGEST Airline in the World by Market Capitalisation - FACT.
Now how did you believe for 1 second 3 years ago that RYANAIR would be LIQUIDATED and taken over by it's JUNIOR BONDHOLDERS. That prediction is almost as bad as your stargazing prediction on Boohoo collapsing from 400p to 29p.
Danger to Wealth sounds definitely right - as does UnClue.
DT,
SP rose to 18.99 on friday bringing these gains for year to 50% plus underlying Ryanair's position as by far the world's most valuable a/line.
under share scheme agreed in 2019 MOL stands to be rewarded 100mill in share options subject to SP hitting 21 for 28 days.Financial Analysts have put an average SP of 24 on ryanair over coming 12 months.
Updating DT on latest Uncle Mikey news and his approaching âŹ20 share price.
If RYA gets to SP of 19.3 ⏠as it did in August 2017 that would be something, although allowing for SEVEN years of inflation and missed opportunities elsewhere not really a very good investment. But as you have zero shares JH it's irrelevant.
Unclue/Doomster,
believe it or not inflation applies equally across the board - with the result it is ignored by investors as they are interested in nominal as opposed to real returns.
Why are you so silent on the fact that Ryanair now is the biggest Airline in the World by market capitalisation. You must admit that is a truly UNIQUE achievement for an airline set up on a virgin site 35 years ago and without any government assistance , then or post covid. If you believe Uncle Mikey not a good investment in the Airline sector where does that put your 2 hot tips ;
IAG - SP today = 182p . Peak SP in last 5 years = 516p in January 2020.must increase by 184% before reaching prior peak
E Jet - SP today = 498p. Peak SP in last 5 years = 1261p in February 2020. increase by 134% before reaching prior high.
All of this without any inflation allowance.
So you must feel you are the original d...hd.
You may not believe but all the above is 100% factual.
ps hope you are not missing t4s too much on boohoo. Must say the board is much more "intelligent" since his departure.
Rights issues cause more shares in circulation than before which artificially lowered the SP. I suggest you educate yourself a bit better before comparing apples and pears. Classic rookie mistake. At least youâre not still saying the SP has dropped 1000% - that was REALLY THICK OF YOU !
Unclue/ Doomster,
why do you go out of your way so often to prove you are the original muppet ? This is the 3rd occasion you have raised the rights issue and their resultant increase in a company's share issue. As has already been posted company's raise funds by means of rights issues chiefly for 2 reasons,;
- they are expanding /growing their business ;
- they are in deep trouble and funds required to keep them afloat , which was the reason IAG/EJ and others resorted to rights issues which was ESSENTIAL for their survival,besides Government bail outs. It most CERTAINLY DOES NOT ARTIFICIALLY LOWER THEIR Share Prices. Without the rights issues you would have NO SHARE PRICE. As posted before you appear to equate Rights Issues with GRANTS, which as you should know are for free. RIGHTS ISSUES are NOT.
So we are definitely comparing Airline versus airline, without apples or oranges entering the picture, and there is ONLY 1 STANDOUT WINNER in Ryanair , now officially recognised as the World No 1 by market capitalisation.
You should make another appointment with specsavers - I have repeatedly said that Boohoo had to recover more than 1000% to recover from it's low of 30p to reach it's prior high of 400p.IAG current SP must increase by 184% before it reaches it's prior peak and EJ must increase by 134% before it reaches it's prior peak. Ryanair already there. Even a donkey knows a S P cannot fall by more than 100%. So get your eyesight in order, in addition to your english and maths.
You have been a good sport in acknowlidging that your recommendations on IAG/EJ /RR etc and your rejection of Ryanair/Birg etc as being pure DRIVAL. You should now do likewise with Ryanair and acknowledge it's achievement in being the World No. 1 .
Amazing how thick some people are on these sites. Their names should carry a Public Wealth Warning. Go and look up what a rights issue means and youâll find a bit of text that says:
âWith a rights issue, because more shares are issued to the market, the stock price is diluted and will likely go down.â
𤥠= JH, QED
Man a glorious day on the island of dreams. Why anyone who can afford to buy a place in the sun spends winters in the UK is beyond me.
Now JH have day off from being a 𤥠surely there is something better to do even in the crappy weather than writing sermons on a share you donât and never will own. Your mate the gas meter reader has been humiliated on the Boo bb and is now spending all his time removing posts that tell him his fortune.
Now Doug would you believe it the banned for lying poster sage is back again using the name âfingerpickerâ Do you want to do the honours or should I?
"amazing how thick some people on these sites -should carry a public wealth warning " you must have been looking in the mirror wwhen posting your comments. Seeing that you have been issued with a public wealth warning 2 years ago would have hoped you might come up with something more original.
Do you really have to HIGHLIGHT YOUR IGNORANCE ON MARKET MATTERS. As posted on numerous occasions how a SP reacts depends on the purpose of the rights Issue. SPs have been known to INCREASE following a rights issue when a company is using the rights issue funds for acquisition /expansionary purposes. As regards your star picked recommendations ;
IAG issued 2.74 billion shares in september 2020 with such funds essentially needed to shore up it's Balance Sheet, reduce leverage and enhance its liquidity. IAG was in such a poor state of Financial Health the rights issue price was set at a DISCOUNT OF 45% to it's then prevailing SP. SAYS EVERYTHING.
E JET raised 1.2 billon in 9/21 by means of a Rights Issue , in addition to a placing of 419 mill in 6/2020, to shore up its Balance Sheet and add much needed liquidity to it's finances.
Ryanair raised 400 mill by means of a rights issue.
As regards the respective health of the respective Airlines , IAG raised 700% more Finance by RI than Ryanair while EJ raised 400% more than Ryanair. Which only goes to PROVE the far SUPERIOR FINANCIAL STRENGTH of Ryanair vis a vis IAG and E Jet.To add insult to injury both IAG and EJ had then to rely on government bail out money to secure each of their company's future while Ryanair ,as you well know, did not .
So Doomster , are you still of the opinion that Rights Issues should be discarded in analysing a company's SP performance , in that they should be offered by a company's shareholders for free in the form of a grant and that the said shareholders should not have the cheek to seek shares in return for their grant, whose purpose is to rescue the company from insolvency.
The sad FACT is that Rights Issues must be taken into account in analysing a company's SP performance. The FACT that IAG and E Jet HAD TO RESORT TO SUCH SIZABLE RIGHTS ISSUES to ensure THEIR SOLVENCY reflects that and confirms why IAG SP has to increase by 184% to reach it's prior peak and EJ must increase by 134 %. Ryanair ALREADY THERE ,again reflecting their superior financial muscle , with UBS now putting a TP of âŹ26 on Ryanair.
Time to get your head out of the sand but, being a centurion, it is understandable.
You clearly donât understand RIs JH. You must take them into account but when comparing prior SPs before a RI and after a RI then you are completely wrong as they are two different entities with different proportions of share ownership. Also the comparison is fake as those who take up their rights often have an advantage of buying more shares at a discount over the pre RI price. Youâre comparing apples and pears and either being deliberately misleading or you simply donât understand.
the point you are ignoring , and which is fundamental to the discussiion, is why any company had to resort to raising a rights issue in the first place. as has been repeatedly posted right issues are raised chiefly for 1 of 2 reasons ;
- a company wishes to expand , by means f acquisition or otherwise, and must raise funds which it can do by means of
debt or equity, and it's choice will be that which is most financially favourable although debt may not be on the table.
- a company's financial position may be such that it is no longer viable without the influx of additional funds. when a
company is in dire financial straights raising debt is not an option so the additional funds must come from the
owners of the company - ie shareholders re public companies and individuals re private companies.
iag and ej had to resort to rights issues ( and placement) to ensure and continue their corporate existance which in itself were not sufficient for their corporate survival as they subsequently had to resort to the begging bowl in the form of government bail outs, which the hypocritical competitive body of the eu supported.
the extent of the iag problem is fully reflected in their having to offer the ri price at a 45% discount to the prevailing sp price - they had to raise the funds. those who did not take up their rights could sell them in the market so there is no fake comparison. post rights issues all shareholders are in the same boat , the proof being that the current sp has to rise 184% to attain their previous 5 year high.
there is no fake comparison here as we are dealing with the same corporate bodies - iag and e jet. the harsh reality is that both companies did not have the financial strength of ryanair and had to resort to their shareholders for additional funding, and the government for begging bowl bail outs, to ensure their corporate survival. the rights of the shareholders, pre and post rights issue, are identical with the same share price tag applying to all shares. you ask any current iag shareholder of their sp value and they will certainly confirm their sp value has 184% to climb to attain it's 5 year peak.similarly e jet s/holders.
anything else is poppy****.