The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Oh dear buddy, doesn't look like your kids will be getting much from your investment here then ? Id sell and put it elsewhere then you won't have to post the same narrative day in day out... We get you don't like SOLG. I love it and done very well. Zoro certainly doesn't speak for me either.
A grim assessment zoros and one I share... if and only if talk of a bid is kicked into the long grass. But I do think a bid is coming this summer. A bid is the only way for this share to reward us now - everything else is just delay and dilution. Of course the crowd who bought in at 1.5p (and goodness aren't there a lot of them) can always happily wait forever,but 28p in May 2017 and 28p today is hardly a good investment, especially with uk inflation at 8%. A bid is the golden ticket out of this.
No, I couldn't agree any less Zoros.
How do your inflationary comments apply to GGP? Just interested to know given the similar deposit discovery spikes followed by lengthy sideway consolidations.
I think 99% of us agree, this fecking stock is as dull as dish water and has lost its shiny veneer for some time now.
Some jumped in, in 2011 (god forbid even earlier) others shortly thereafter and voila 9.10.11 years later, we are still treading the same water!
Remember the rule of 70?
EG: If inflation was on average 7%, your investment would have to DOUBLE every 10 years just to STAND STILL! (70, divided by 7).
So those who held fast for the last 10+ years, your annual return on your investment would be around 7, 6, 5%. Pathetic state of affairs, isn't it?
The stock is and has been a dog of a share and for many - a curse!
Short of a miracle (IE: a buy out), this is going to be another lesson learnt.
What's more, the forum has driven away all the inspirational posters, leaving the dross to rinse and repeat the same old, same old bollo x....over and over again, sprinkled with the usual character defamation posts to break up the monotony.
Dreadful investment.
Z
I highlighted the dangers of the wider markets last week.
I got the impression no one was taking it to seriously.
One interesting thing is, everyone knows the US market are way over priced, but the UK market still offers good value.
There is always a strong corolation between what happens over the pond and here, although interesting at the moment the ftse is holding up very well. Have the markets finally woken up to the value in the UK or is it just a temporary blip? I have also been 40% in cash since the start of the year,.
Having said that there are trading opportunities. I feel the US markets are on a slow decent. More like the dotcom bust, not like the civid crash. This is a marco economic slowdown. It will take a year or so to play out, so lots of sideways days and big short term spikes. A stock pickers dream.
Bozi, as I said in my original reply to Q, I fully respect his right to his own opinion and these days I rarely bother to engage with him on the issue, but I do have a problem when he decides to insult everyone who disagrees with him. That's all there is to it, really. I feel much the same way about Slug - he often talks sense, but spoils it all with rabid personal insults.
Q, re: agm. And still your delusion continues. Extraordinary.
Addicknt NM won the vote and was not ousted as you said he would be.
He is very much part of Solgold going forward.
You forget that NM was always going to step down and we were going to have a CEO who could take us to production, which again is what I said.
That is exactly what has happened.
Quady -i feel this tit-for-tat isn't helping anybody.
We know that certain posters have been advocating a bid for some significant time now. We know that the oment one turns up you ( maybe I) are going to be on the end of dogs abuse and eurphoric ridicule. That's the game of opinions.
I respect you for your contrarian view and would encourage you to stick to it, but there's no need to bait other contributors.
Addicknt - i didn't strongly agree with Quady's original post but feel the general point was valid. You, for example, will have many times more experience of change of control matters than the ordinary investor. That isn't me claiming anyone is superior to anyone else, but your experience clearly stands you in better stead as far as those and other corporate matters are concerned.
You'll see it on the day of the first bid when numerous names appear out of the woodwork looking for help deciphering the bid announcement. I've seen it before and I'm sure you have too.
addicknt I remember arguing with you after the October standstill ended some years ago, and I remember your post saying this would be over by Christmas.
Agreed you didn't say which Christmas, but I think that's a mute point.
Oh, by the way, who can forget your interpretation of the fateful 2020 AGM? According to you it was a triumph for Mather and were convinced nothing would change as a result.
How does this fit with your narrative that you are always right and everyone else is wrong?
Q, as far as I'm aware I was not one of those who claimed a specific date would immediately lead to a bid - merely that various hurdles were being cleared making a bid more likely.
There are a myriad of reasons why a bid hasn't happened over the past five years, not least of which is that no one really knew what we were sitting on...that has now changed, as has much else.
p.s I know you're dyslexic and, having a son with the same problem, I'm sympathetic, however, you've had a long time to learn the word is corporate not cooperate. And yes, if you'd actually had board level and corporate finance experience you'd find your understanding would be greatly enhanced.
Addicknt you have constantly said we would be brought, I have constantly said we will not.
You said we would be brought after the standstill ended, then you said Christmas that year. You now say after PFS and many times in between.
So when I say I understand the reasons that we have not been bid for, you accuse me of being wrong. I have not been wrong, you on the other hand have been wrong every time.
I don't require cooperate knowledge, I am a Investor and have over 40 years of understanding on how companies enter into bids and the precursors. This is why I have been constantly correct and you have been constantly wrong.
But you know what, why don't you explain in your own words why you have been constantly wrong.
I buy them through II who hold our ISA portfolios...
I'm not buying for yield, its just a safer way of holding cash than II's bank account or my Barclays account...
Its a 'short dated' Gilt, which minimises potential losses if yields rise and at worse, depending on when I want to reinvest, they mature in March 2023...
However, they currently yield 0.15%
Go to the UK Bonds tab and the ticker is TR23
Or you could buy TG22 (maturing in September or TY22 maturing in July...
Hope this helps...
RK how do you hold your gilts, do you buy them directly or through an ETF or something? What's your yield on them?
I'm following a very similar strategy.
I like LGEN...
These are the high yielders we were holding until 20 April (c0incidence....?)
ABDN, DLG, DEC, JUP, MNG, MONY, NG., PHNX, UU., VOD plus of course PSN and IMB which we still hold...
The plan was to reinvest our SOLG proceeds back into these...
RK, I held a lot of LGEN which I got bought as the market collapsed in 2020. I held for 18 months, got a great divi and then sold at a smidge under £3 and am glad I did.
Having said that, they are one of the best shares to hold for us retired types and should be a key element of any pension plan. I'll buy back in due course. If BHP was not so cyclical, at their current yield I'd load up on them as well.
Why have you posted a strong buy Red considering your fears?
Oh and of course our gold shares are there to hedge the markets...
A fair concern addickt, but....
In times of trouble cash is king...and interest rates are edging up though not fast enough yet...
Yes inflation is eroding the value of money and equities usually protect that to some degree, but I believe we are on the edge of a correction and if correct we shall see equities markedly lower...
I shall then buy yield, such as PSN and IMB which we already hold (yielding an average 10%)...
Awww knew you were a softy ;)
I've bought in for the grandchildren...
RK, I share your concerns and, like you, am holding a fair amount of cash, which I don't like doing, particularly when inflation is roaring away.
Pinning a lot on SOLG now...
Seriously worried about equities in general...
Between our portfolios we are now 60% in cash (Treasury 2023 Gilts) with the bulk of the rest in SOLG and GPM (Gold/silver)
US markets teetering on the edge
Russia is bust
China in trouble...Beijing now locked down
Already in stagflation
Markets unrealistically priced?
I would be interested in anyone else's thoughts...