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IMO, the only conceivable reason for SLP to drop by 50% is a major market crash, like back in March last year.
In a crash everything gets sold - the good and the bad - due to margin calls and forced liquidations. The last time round SLP dropped from around 65p to around 27p, so, yes, you don't need to get stoned to imagine that happening again.
Last time round I didn't own a single share when the crash hit. But I don't think I'll get so lucky twice.
Sorry have I missed something, who's talking about SLP halving in value here? And can I have some of whatever it is you're smoking?
True dat but the trick will be not to be in when it does halve.
... then my previous musings of a circa 140's / 130's Feb close, dissapate away and Stoodio's end of Feb close of 125 becomes the only game in town :)
Velo, this is our edge indeed. Take into account the recent GS paper expecting a new commodities super-cycle on the horizon, and we have a lovely concoction brewing for as long as it keeps unnoticed and thus rather cheap to build a meaningful position.
That's because there is only one single in-house named broker analyst for SLP
And that is :
Liberum (Benjamin Davis is their analyst for SLP).
So you're right, that is the link.
They're the registered, named broker and analyst.
SLP only being covered by a single broker shows how tiny the MCap is for SLP is.
It's your investing 'edge' :)
ie., SLP, generally speaking, is under the radar of the mainstream. Unnoticed.
I would love that to fulfil its potential, however, I must caution that historically the Liberum targets have always been wildly over the top. I think I recall them having a link to SLP in some way. They frequently seem to be the only broker putting out targets on this share price.
Funny that... I am secretly hoping for it to halve during a correction.... so we can scoop up even more at discounted prices ;)
No Craig I don't think we will go to 18p or anything like it. I was just responding literally to your post. Truth is I don't know what is going to happen just like the rest of us but end of quiarter results must be due this week according to the key dates on the website and that should give us a steer. I am just hoping that there is a big jump before the big market correction that surely must be heading our way given what is going to happen to the economy going forward.
Oooh! That's nice then. Just as well I have a good amount bought in the 40's, every time I've sold Sylvania it's been a mistake, so far.
an unbelievable opportunity here boys and girls... shiiiiiiiiiiiiiit. :)
Raises target price from 145p to 200p
GLA
Price target of 145p? That's totally unrealistic!
200p would be appropriate. ;)
If people don't realise what a no brainer thing of beauty SLP is by now, you can't help them.
Hi OH
I tend to agree with you. It’s interesting to re-read the chairman’s comment on in the windfall dividend paragraph of the FY2020 financials. A number of us are quoted, including yours truly (a number of times!)
Best wishes
CYB
You think we are going to go below 18 pence!! That is ridiculous
Well we seem headed that way and I'd take an 85p divi! Not a specific to Sylvania thing just a general divi thing I've noticed.
Hi Velo
Did you look at Intel? Rather favourable valuation. They experienced a setback, but I see this as temporary.
Hope this helps....
re chip makers check out IQE. Cardiff based. I also hold some AMS, but in vastly smaller quantities. [I went overboard on IQE.]
Just knocked out some guidelines for tomorrow, and a bit taken aback
- every single support is below triple figures. So need the SP to show some strength tomorrow. It usually does when faced with such a unified set of bearish pivot points.
Should some really strong buying descend tomorrow then the upside resistances bear no relation to the supports and are quite impressive; that's if the SP turns in a strong performance and heads back up into Overbought area.
Hey Caution, yes it depends on the size of your holding - if large then you'll notice a substantial drain £££'s-wise. It's just plain old zig-zagging at this stage. I do have a second concern over mean reversion - but I don't think that's due just yet, so I think you know yourself that you'll get over this.
If this goes deeper, you might go ouch; others like myself might go in for a topping-up opportunity :)
A lot of bearishness in general throughout UK markets today, it's not just SLP alone - Anyone recommend any brill chip makers worth investing in? :)
Either US or UK based?
Well today’s move hurt me! Perhaps I’m alone in that. I still hold and will still continue to hold barring changes in fundamentals: it’s undervalued. It’d take quite a few days to unwind my position. But I do have a sore head from today’s move. Still ouch.
" Please tell me that after today we are now out of "Overbought" territory Velo. "
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- Yeah, you've got it Craig.
No messing about now. No algo's changing the charts behind my back. The SP has defo dropped out and below Overbought condition, but could just as easily re-enter with the trading update imminent :)
It's in the upper deciles of bullish Relative Strength, so a bit of overhead room been cleared for further progress - but I'd like to see a bit more before the update drops into the RNS box.
Potentially high 90's as a support, if it's a mind to IMO
- but will calculate some pivot points before turning in for the night and post if relevant and see what potentially might or might not be on the cards specifically for tomorrow in isolation.
" I only see this on repeat of the "seasonal" movements that Velo alludes to through January and February which has held true for the majority of the years I've been in here. "
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Thanks for that Stoodio. It pays benefits for there to be longer term holders of many a year to be present to counter any assertions we make that may be erroneous and can be countered with : "I don't remember it like that" etc., as there were several retraces over the years that with hindsight looked like excellent topping up points - and when applied forward - but what's needed is someone who was present back then to reveal the investor despair or suchlike that affects sentiment during those retraces and makes investors rue passing up on an opportunity.
So it may be possible to multiply forward some of those occasions but sentiment when faced with say a major crisis, affects all, and it's only with hindsight we realise a golden topping-up opportunity has passed us by and was not a crash in a particular stock or market. Rambling now so I'll finish here. :)
The 11% drop since the all-time-high of the 19/01 close seems to be closely tracking Rh spot.
https://www.tradingview.com/x/utPB1EU1/
S