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looks like SPI doing OK today .
Vol Sold 281,905
Vol Bought 307,259
This is another waist of time
this is a gift and topping up is good to day. :-)
Thanks for the feedback. Reassuring words, and even now I still think it was a good buy at 1.26 as a long term hold which was my intention when I bought in.
Oddly, I see Corbyn as an great asset in the context of SPI. A future Labour government will place huge emphasis on highly visible public sector service delivery without too much regard to costs. The core NHS just doesn't have anything like the capacity to deliver the volume of procedures necessary to impact waiting times as public will have been led to expect....and it will be game on. It will be ideologically difficult for some members of the party to stomach, but at the end of the day they will have no choice other than to ramp up outsourcing (albeit with lots of smoke and mirrors to try and avoid allegations of privatisation).
I confess that I was hoping for when I bought in was simple, steady and respectable growth until the next election and strong pick up thereafter. Long term my hope is the same, but short term I was about as wrong as I could be, on just about every front! Hey ho. That's the way of it sometimes.
Thanks again! Appreciated.
I came in (in a modest way) at an average of around 126p which seems a long way off now given the long term broadly downward trajectory.....
MDC have their own woes and their SP there has declined more than I can easily explain. Perhaps their BOD have more on their minds than SPI at the moment, and think SPI is a matter which they can put on the back burner and come back to later and at a time of their choosing.
Whether that is true or not is perhaps a moot point.
At the moment MDC are the only ones linked to a possible takeover of SPI. But if the SPI SP continues to drop there is always the risk for them (and hope for us?) that SPI will appear on other people's radar; not those with an interest in SPI, MDC or even heathcare more generally. The pure opportunists.
If that happens MDC could find the acquisition of the rest SPI more difficult, costly and uncertain. Could be in their best interests to just get on with it and get it done before the sharks arrive for a possible feeding frenzy.
Wishful thinking maybe, but 1.03 must, surely, be dangerously close to drawing interest from others; and 1.0 could be a critical trigger point.
I'd welcome your thoughts.
I think we just need some patience. If Mediclinic didn't want to come back in, they would have offloaded. I get the feeling they will wait until January when we normally get a post close trading update. GLA
WAY OVER SOLD got to be worth 2.50 of anybodys money :-)
I think that any potential buyer would consider the current debt along with the assets they hold don't you? I think any buyer would realise that the properties are worth a lot more than £450m...
Any buyer out there should be prepared to stomach the 450 + debt ,i am waiting for trading bounce.
The price already more than reflects being out of the 250 as most would have realised this would happen months ago.
Interesting enough you mentioned TCG HH a company that was described as 'uninvestable' by Berenberg and like here the largest shorter at the forefront is Marshal and wace. Nice little thing they seem to have going on together don't you think?
I still think that they will be taken over (hopefully when the shooters have loaded up) but when is the question... One thing to note that often when the investor relations go quiet it is for a reason.
Ii is clear that the SPI share price is being taken down to a level approaching the 12-month low - presumably by cynical short term sellers - because they can. Two issues arise from the current state of play:
1. It is unlikely that there will be a takeover bid for the company any time soon. The aggressive shorting has reduced the share price, and MCap by c.16% since last Thursday. Those responsible have control of the share price - apparently increasing and decreasing it, at will, by 10 -15%+ over a matter of days.
The company's BOD, in particular the director responsible for Investor Relations, are suprisingly quiet about this ongoing activity. In my view, the volatility would not have occurred if there was a whiff of a takeover bid in the air.
2. Today, the demotion of companies from the FTSE-250 to the FTSE Small Cap Index is being decided. Are Spire Health now in danger of demotion, bearing in mind that the share price has fallen by nearly 65% since Nov 2017, when the MDC bid offer was made? We will find out soon.
I no longer see this share as a Buy from an investor's point of view as it could well remain the plaything of cynical short-term sellers for some time yet. It is an irritating share to hold in my portfolio, and I regret my poor judgement in investing so heavily in this company. It will, however, recover in the long term, and I will cease to follow the share price as frequently from now on. My phone will continue to alert me if there is any further significant change.
Regard everyone, and best wishes.
Agreed this and MDC etc are not the type of share that should be as volatile as they are. I suspect the “Regulators” are as useful as those officials UEFA pay to stand next to the goals in the Champs League!
A similar, albeit more rapid change is observed for the Mediclinic share price. The share price rose by 6.7% from last Friday's close to yesterday's maximum price, but has already fallen by 7.7% from yesterday's maximum - just over a day later. It doesn't surprise me that so many investors on LSE's boards have sold their shares for the time being. The rapid degree of change of so many share prices without any apparent reason defies logic, The so-called market regulators are apparently not challenging this volatility in the share price of so many equities. It would be interesting to know what they actually do?
Agreed, but a drop of 10.8% from last Thursday's close of trading to the current price on low volume and no new information is rather difficult to understand. Similarly there was a rise from c.116 to c.131, under similar conditions between the 23rd and 27th November.
In other words an increase of >10%+, a short lull (no pun intended) and a decrease of >10% in less than a trading week - for a company whose share price has depreciated to 40% of its value a year ago.
Surely, there is something amiss in the way that the market is regulated, when this is allowed to happen on a small volume of trades, and with no apparent new information to prompt such changes? Perhaps I need to get back to basics, but this is beyond my understanding of share trading.
I think the chart looks good.
However, shorts been increasing so bit of a bull v bear grudge match developing.
this is just to make the devide even bigger the people with loads of money and the people with not a lot trying to improve their standing
So, another 8% or so drop in share price, on low volumes and without any good reason? Anyone would think that there is a waiting game afoot to shake off panicking small shareholders, in order that their released shares can be "hoovered up" by those with large holdings? Surely that can't be true? Such a practice would be inherently dishonest - wouldn't it ?
mulder, as an aside, I know of a group of like minded persons that have existential proof that rigging is real and goes on more than you think.
Should you wish to add your views and experience it would be most welcome as like they say, if enough people make noise and go mainstream with the problem, the more likely somebody out there will stand up and listen and be forced to do something about it.
Let me know and maybe if you want to contact me somehow let me know, as my contacts have followed you for a while and all agree that you must be highly peeved to write what you wrote on Friday and want to let you know through me that you are not alone in your thoughts and your assumptions are indeed on the money!
Good luck and I hope to hear from you in the near future so we can all nail these barstewards once and for all!
S8
Hi Mulder, someone alerted me to your rant on Spire you left Friday....it is refreshing to see that I am not the only one that believes the market is heavily rigged, because heavily rigged it is and price movements are exacerbated by the likes of spread betting companies such as IG, I name IG as the biggest culprit as they have the biggest client base of all the spread bet companies out there so for sure have their dirty little hands in this crooked and corrupt financial system.
Take a look at RPC Group, look what happened to it on Thursday morning, the stock dropped over 8% at one point on volumes of around 50k buys and sells....the company are in talks with two potental suitors and the deadline is supposed to be tomorrow, so work that one out....the only persons that would benefit from knoocking the stock down would be providers of leverage such as IG, I believe its not good enough to implement the ESMA rules, I believe spread betting needs to be outlawed totally as it serves no purpose whatsoever for the genuine "investor" no purpose at all.
Taking a look at Spire, it seems to be another stock that has had an undue beatiing, almost 75% lower that the bid of 315p it turned down a year ago....it really makes you wonder what on earth is going on here, why have MDC not come back with another offer? Are the BoD in with the corruption within the markets, like you say, maybe they get wined and dined and told to tow the line or else their stock gets punished (judging the current price they did not tow that line lol) but seriously, the last time I remember this happening to a stock it was with Hikma, the directors had been splashing millions buying up shares in the low 20s and then the next time I looked at the stock it was trading at 800p!!! So Directors bought shares at 2200p and the market took the price to 800p, something was afoot there and then the next time I looked it was back over 2000p yet I could not find any news that would have caused such a big move down and a big move back up, the only thing that would make sense would be lots of people using leverage and these spread betting outfits went after them, for this to happen it would mean that Banks, Market Makers, Company Directors, Institutions, Spread Betting Companies, you name it they must and would all need to be in the swindle to orchestrate such huge moves and all the while nothing is ever said, the FCA sit back and prey they are not called into investigate as even they must know whats going on out there but are so overwhelmed by the various tricks and covering up of trades by the various parties, they simple truth is they have not got a clue where to start!
For me its very easy, I would start at the problem source, the spread betting companies and then I would work back from their, I would go to their intermediaries/brokers, then the Banks that trade for the intermediaries and then the market makers who move the prices for the Banks.
The end is nigh for the aforementioned.
Perhaps regrettably I am out of all stocks now. This was one of the last stocks I sold having broken even.
I have learnt over the last decade that the markets are indeed heavily rigged and the FCA have done nothing despite repeated attempts and calls.
Reward for failure again and again.
They are fuckers pure and simple.
The market of today, especially the UK. is a short sellers dream.
The chances of success going long for PI's is just 1 in 10 on average and many brokers I have spoken to have only confirmed this.
Are you aware there are sites like FT Betaville that provide privileged information to private traders so long as you pay them a thousand pounds or more every year? How do you think these fund managers do so well year after year? Now who is giving them these 'scoops' and 'tips'? Sitting down with the board and having 'private' meetings.
Is this not blatant insider trading?? Of course it is.
Make no mistake insider trading goes on all the time.
City boys, hedge funds and big banks find out the big news well in advance of the private investor.
PI's have not got a fucking clue what is going on.
As for the markets a huge shitstorm bigger than the credit crunch is brewing.
These are very, very scary times in the UK. May will lose the vote on her Brexit deal. May will then have to resign IMO and will not survive. Cue General Election and mass uncertainty. Labour may win the next election. Brexit in whatever form will cause a deep recession.
Trump will be impeached sooner or later.
Not a time to be invested in the stock market IMO even at this time of year.
A no deal Brexit will crash all UK stocks IMO and all logic and reason will go out the window.
Spire may well still get taken over but then again it may sink below a pound.
Truth is it is all a casino and no one has got a fucking clue what will happen with any stock unless you have contacts and are INSIDER TRADING.
This was supposed to be a defensive stock and it is down 70% year on year! Again no such thing as defensive stocks. Centrica, SSE, NG, BATS, IMB - utilities, tobacco - down 50-75% year on year.
Even a 'solid' blue chip like Vodafone 240p down to 140p.
The market of today is no better than gambling.
There is hardly any liquidity in NMC shares. A few thousand shares changing hands will move the mkt cap by hundreds of millions of pounds up or down. Extremely worrying tbh for a FTSE-100 company.
It is anybody's guess as to what will happen next? Currently, a large number of very small trades are keeping the share price in the 129-131 range. I have never understood this practice. Depending on the trading platform used, the cost of carrying out these small transactions could be anything upwards of 8% of the value of the trade. (My dealer charges £5 per trade + associated tax and a small surchage for large trades, other trading platforms are more expensive). Are they computer generated trades to maintain the share price level? I cannot think of another sensible explanation for this.
Very true TL. Another 5% rise today, seemingly apropos of nothing.
I think the only thing we private investors can do is try to ignore the noise. Nothing has changed regarding my personal investment case here, namely that I think the share is fundamentally worth more than I paid for it. With that being the case I'll continue to hold, irrespective of some of the game-playing which is clearly going on in the background.
I think maybe Market Makers and Brokers are best friends.
The market is very fickle, and more prone to analysts' remarks than one might suppose. For example, last Wednesday, the NMC Health share price surged on a JP Morgan upgrade. Today, it is already down 5% - apparently because Jefferies International issued a downgrade - from Hold to Underperform. One wonders why the share price of massive companies (NMC Health - MCap > £7bn) are so quickly influenced by broker notes?