Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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@NicetoMichu So, why are we all welcome? And what are you basing your 90-100p target on exactly?
My take on this is that although it was a bumper H1 for revenue, margins were poor and India let the side down (due to greater disruption from Covid). It is very difficult to predict the FY21 results from here with so much uncertainty around and my best guess at a forward P/E is 12-15 and today's price - yes a slight fall in earnings comapred with FY2020. So, I believe we are approaching fair value for now and IF they can also maintain the final dividend then that will at least be some solice until the outlook is clearer.
Turnover was excellent but margins got hit heavily, seemingly mostly because of inefficiencies coning out of working alongside co-vid.
And through an incredibly difficult 2020 for the World, the company is still decently profitable and nicely cash generative and its strong balance sheet is intact and capacity to maintain decent dividends is good.
With vaccine coming and covid moving incrementally to the margins in 2021, the future looks bright here. So room for further s/p appreciation in anticipation of a better macro environment in 2021, I feel.
So -At 70p as I type - this remains a buy for me (55p was joke low imho) and then becoming a hold if it gets to 80p .. 100p by late q1 2021 may be a stretch challenge but is doable, hopefully.
Anticipation of good Half Year Results, due to be released tomorrow?
Any indication or thoughts on the rise? No published news to prompt this really.
We've just broken thru 70p and one more top for me just now to celebrate.. maybe the last one..maybe not.. here's to 80p before end November, hopefully.
Might even get another post here besides one from me if 80 p achieved :-)
I'm now a little more confident again that a break out is in early progress again.. but the spread is very wide this morning which has me a little cautious.. I did another top up recently and while still not even a medium size bet for me I have a pretty good feeling about this one going plenty higher from here .. but, again, this is a volatile/tricky share which can easily gap down as much as up at any given time.. so DYOR and be lucky
you're all welcome, seemingly ..
..although, not to tempt faith, I should wait til late 60's - hopefully - to say this..... towards being more clear that a break out is actually happening here.
IF this is a breakout, I'd stick my neck out and go higher than jolly speculators shout, and offer 100p target here - instead of 80p - by end q1 2021. (that may be a bit of a stretch granted and so 90p's would see me start sell down by increment ..but all the afore may of course just be wishful thinking by me.. so DYOR and this remains a volatile/tricky share imho )
trust you bought in for a Jolly ride north ? been one of my outstanding trades through the years
seeing this holding north of 60p for a bit is refreshing.. hopefully the beginning of a meaningful break out.. I had sold down 25% of my bet here in Oct. - general p/f management related in case of a fall in US in Nov and not to do with anything micro SFR - which is generally soon followed by a rally.. so here's hoping .. and if yes, you're all welcome.
may do...but plenty of buying interest here
and why not? it's cheap on most metrics imv...and says its prospects are fine
if it'll dip to 52-54 again
it seems to have done its time "bottoming" 52-58p...
tp 80p++
imv
Appointment of Alun Griffiths as senior independent director (SID)
Severfield plc, the market leading structural steel group, today announces the appointment of Alun Griffiths as its senior independent director (SID).
Alun is chair of the remuneration committee and joined the Board in 2014.
Commenting on today's announcement Kevin Whiteman, Chairman of Severfield said:
"I am delighted that Alun Griffiths has agreed to become the Senior Independent Director at Severfield. Our Board and other stakeholders will continue to benefit from Alun's wide-ranging experience and insight."
very surprised this went back towards 50p recently .. and, as i still believe fairly strongly here, i added a bit in low 50's to bring my average down ..Strong AGM statement too imho .. and nice divi too !! .. so anything under 65p I think this is a good buy .. and at under 60p a very good buy... DYOR of course (and a chance there's a size holder steadily offloading too.. which is never ideal )
of 1.8p looks likely to be approved at agm in sept (for yr ended mar20) which is a decent yield at this SP price. 57p is a 4 yr low so might have a few more whilst i'm at it. GLA
No it will be about 59 by close of play
Push to 70 today?
"Investors were also digesting the latest reading on UK construction, which showed that output in the sector expanded in July at its steepest pace since October 2015, but job losses accelerated. The Markit/CIPS construction purchasing managers' index rose to 58.1 from 55.3 in June, beating expectations for a reading of 57.0. It was above the 50.0 level that separates contraction from expansion for the second month in a row, with residential building the main driver of growth as activity in the sector rose to the greatest extent since September 2014."
some more. didn't think we'd see sub-60 again.
Just got into this SFR. Looks very promising ahead and seems a great price point to buy at. So many projects in the pipeline. Of course some of these will be delayed but the whole business is very diversified in terms of industries/sectors/countries they operate within.
Hi back bigsmoke and great to see you involved here!
Us both diversifying somewhat - or even a lot - away a lot from O&G is not a bad idea I'd suggest ? :-)
I've added a little more here this morning and it's a pity I don't have much spare in the betting pot right now as I broadly agree with you that this is as cheap as chips now.. (broadly only a major market sell off would affect all small caps stocks to an extent though .. and that's of course possible in coming weeks /months )
My ideal trading strategy here would be to pile into this in the 55p-65p range and look to start selling down slowly from 80p.. but as that's not a big range for such a stock I'd need to have a punchy size bet here at those low levels.. and alas my pot needs some sales elsewhere to replenish it at this time.. so i'll end up small only in here in 55p-65p I expect
hi !
cheap and chips now. plus DIV toboot.
The lack of posting here shows what an unloved low profile stock this is.
And I didn't do that below - Feb dated - post planned position build out here and indeed panic sold out the small position I had in march - co-vid - market sell off in 70's p. I'm thankful I took this course of action now, as this has come off punchily from 80-90 p range it was at early this year...
BUT.. when I saw the - in the co-vid circumstances - generous dividend announcement today and the mention of the groups strong financial position and the fact nearly all its staff are now back working this feels a pretty compelling bet now in the 55- 60p range...
Great dividend yield and when many other stocks have recovered plenty from their March sell off lows this has not. I do however accept this has been a tricky stock with a very mixed history and as times are now so uncertain I'll go just with buy instead of strong buy here.. and i'l look to grow out my position here only somewhat and only slowly in second half of 2020