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im really pleased i managed to get in at a fairly substantial level at 97p. Holding for the next 5-10 years and with a dividend of 4-5%. This is a great stock
The price here often seems to get bid up shortly before the quarterlies drop. Perhaps I’m imagining this, but I don’t think so.
Q1s in a couple of weeks from now. I see no reason why they shouldn’t underpin today’s price. I imagine there may be cautionary comments on unit cost and covid, but that’s already known.
Hasn't stopped rising since 88p - was waiting for 80p and it didnt happen. Well done holders
Bet some are wishing they top sliced today rather than yesterday. Not against taking profit at all but unexpected big rises are annoying for most of us when we sell.
I’m more annoyed I bought something else in the 80p region rather than top up.
I can feel another Greggs cheese and onion coimg :)
Pat on the back for me. Thanks all. much appreciated.
Haha :)
Agree marineclark, not many stocks like SLP around. Good to be in here and look forward to the ride :)
You wont need that sword after all Stoodio. 2 pounds is still undervalued Stocky. Best ride Im having in ages, and its been a while:)
Great start to the day! At £2 you could still argue we are undervalued which is the beauty of being in at this price.
Explosive October & November
OK, it was me.
:)
Looks like the floodgates are about to break:)
This is is a strong growth share paying dividends, but its earnings is tied to PGM prices, more specifially RHO. As PGM prices have bottomed, not quite confirmed yet(break out of 14500 will confirm), the next few years are looking good for SLP share price. I will hold this as long as I can, that is the best stratgegy. No need to sell unless you need to really. I see 200p failry soon. Also with ex divident date of 28 October approaching, this should rally the share price.
“. . . But first test is another 5/6p away, (more on that tomorrow) ”
--------------
And so it’s now tomorrow :) – And a few further caveats to my post yesterday:
The trend definitely meets my preferred breakout set-up’s as both my smaller trends are now bullish, initially the extreme Ultra-Short Minor trend turned bullish (not to be trusted until confirmed by the larger Short term trend).
Which it (Short Term trend) did several days ago. Trouble is the even larger, longer term and predominant trends have been tortured to death since May and unusually for SLP’s history, are mostly bearish.
They too will join the junior trends given enough time of consistent progress by the shorter term trends. Regardless, I usually take action on the Short Term trend – if the predominant longer term trends are already bullish; which they’re not.
Specifically, for me, that 200 day trend is still of great concern until it does get reeled in.
Don’t like to be bullish on anything under the 200 day trend. And that’s fractionally just under 111p.
Before that, I’d like to see a couple of previous significant highs get taken down.
Not one of them, in either SLP or Rhodium has been taken down yet.
In SLP’s case, similar to the current position, the SP failed to rise back above the May ATHigh when it had its chance at the beginning of June, nor later on, in late July, nor in early September either. Each lower high failing to revisit the nearby prior high.
Situations were similar to currently; apparent attempts by the SP to cease pulling back were short lived.
So the first test is the nearest previous swing high of early September. All the SP has to do is hold above that to show it means business, and that prior SP high lies approx @ circa 102/103 area. It’s an imminent test.
The prior swing high was in late July (there were none in August) at the 117 area and so forth, each high a barrier leading all the way back to the ATH back in May. All attempts to date since May, to just rise past the recent highs on each occasion have failed.
All were attempted whilst still in strong down trending trend lines bar the last one (early September) which were similar to now – bullish. Doesn’t get better for conditions to aid an attempt.
Then there’s that 111p, the 200 day trend to savour whilst all the previous highs are dismantled by the newly energised SP. My attention will wander from them once the 200 is in the bag. For me personally – that’s the biggie, game changer.
But how far the SP ultimately travels depends on the market’s re-rating of where the SP value lies whilst the ongoing Chip/Rhi crisis endures.
Won’t detail RHi’s previous swing highs but it too has failed to bag a single prior high since it “appeared” to hit a floor (It peaked below the last high – not good; and has slightly turned down since then).
So should SLP go and achieve that first move it will be notice that SLP is acting independently of RHi’s performance.
Slp have been on a strong growth trajectory for around 5 years and for a company that has been so consistent the current valuation is just too low. Hell, even for a company without the consistency, the current valuation is just too low. Sp has just not been able to catch up with the growth achieved. Slight dent on PGM prices has held us back but I expect prices to rise again once chip problem is sorted.
$106million in the bank June 2021. Should be another $20 million in the bank in September, and another $20 million+ in December. Later quarter profits will increase as RHo prices rise back up.
I will see how the price reacts around the 150p level, before I make any decisions about selling a portion. I'm a swing trader, so I dont tend to hold shares for more than a few months. There are many good shares out there. Now that I have a great screening tool, profits should follow soon enough.
They already had over $100m in the bank end June 21, so should have alot more by the next update. At the rate of cash accumulation sp cant remain static, moving sideways forever.
Why would anyone sell if the 4p dividend is due in December and the next update will show over $100m in the bank. My hope is they update on a February dividend also and I am happy to buy more.
Also, nothing wrong in selling a tiny portion for some life enjoyment:) Don't make the mistake though of selling the lot for a 8 percent profit like some have done. Unless your average gain is 8 percent, and your average loss is 4 percent, than that would work, but there are big profits to be made here at these bargain prices. Imagine selling a DA Vinci for 100 thousand, when it was worth millions.
My 4 hands massage is coming as soon as that 150p is hit. I will sell a portion at that price, and then more at 200p plus. As you said, got to enjoy some of that profit :)
150p+ may come sooner than expected. This price is building momentum. In fact, Santa claus may just have a full sack of goodies this Christmas . Chartwise, I want to see a strong break through the 100p level we are sitting at for the next target of 120p, then 150p. What I like about this share is that it goes up a few percent a day. Its not one of those that rally then loses all of its gains the next day. Quality, value shares are those that rise steadily over time with relatively small pullbacks. Sure profit taking and volatility has caused a but 50 percent pull back from 150p highs, but that makes this share super cheap and a massive bargain. As the coffers gets fatter every quarter, this will cause upward pressure to the share price as is already happening. And with microchip shortages easing, and it wont last forever, I can easily see 150p broken to the upside to 200p and beyong. As I said, this is a stress free, and relaxing share to invest in. Buy some, and put your feet up and enjoy the ride.
All imo, and DYOR.
£1 and rising. Woooosh.
Profits profit. Enjoy it.
hahah, i didnt do all that in! But sizeable - great dividend and 10 year string outlook.
I'm also looking at getting into the space sector - rocket lab, astra, black sky.
Try again:
K ok - balls - kitchen sink - and the pet hamster went in :)
******* - balls - kitchen sink - and the pet hamster went in :)
great price to get in! Hope you got in heavy at that price! :)