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I had fully understood that you had spoken to someone at the company!! Whilst I speculate, I believe that Pala have turned another 500,000 placing shares.
I a not with you n that point. Two points. 1. The SRL turnover for the period that you describe did not imo reflect or impact on the price which fell. 2. There was a market correction which some might argue resulted from the price reaching the top of the cycle. Yes SRL want a stable market and there I agree with you but they would not keep talking about a hoped for increase in the sale price if they would not welcome it. With costs of mining at SRL so well under control and due when Gangama starts production to fall further, an increase in the sales price will do a great deal or profits. reckon the increase has stared albeit by a bit to lead to the latest announcement of fresh sales (my language). As Gibraltar1 has said those privy to the reasons and whys leading up to the placing know something that we humble folk do not know.
Exactly the point I have been making forever; Why would Pala bail out for 30p-50p when they can hang on in for £1 plus. They call the shots. Forget not anyone who is new or newish to this stock that we hit the giddy nights of 84p when Rutile prices were harder. I cant believe that anyone holding stock at that time does not imagine a return to those prices. The Company is much stronger in terms of infrastructure than it was then this is a sell at £1 plus the II's and Pala know that it is just a matter of time.
Reducing costs will improve margins but so will increasing sales prices. I do not believe that an increasing sale price for SRL rutile, given its very high quality, will drive purchasers, requiring quality rutile for their products, to buy substitute feedstock of an inferior quality. Pala will not sell down cheaply, save for the stock that they picked up in the placing which they can turn for a profit. Pala imo want a decent price for the 50% stock that they held prior to the placing and a higher sales price will help drive profits and thus the share price and enable them to sell the whole or a part of their stake for a much higher figure.
Reducing costs will improve margins but so will increasing sales prices. I do not believe that an increasing sale price for SRL rutile, given its very high quality, will drive purchasers, requiring quality rutile for their products, to buy substitute feedstock of an inferior quality. Pala will not sell down cheaply, save for the stock that they picked up in the placing which they can turn for a profit. Pala imo want a decent price for the 50% stock that they held prior to the placing and a higher sales price will help drive profits and thus the share price and enable them to sell the whole or a part of their stake for a much higher figure.
Reducing costs will improve margins but so will increasing sales prices. I do not believe that an increasing sale price for SRL rutile, given its very high quality, will drive purchasers, requiring quality rutile for their products, to buy substitute feedstock of an inferior quality. Pala will not sell down cheaply, save for the stock that they picked up in the placing which they can turn for a profit. Pala imo want a decent price for the 50% stock that they held prior to the placing and a higher sales price will help drive profits and thus the share price and enable them to sell the whole or a part of their stake for a much higher figure.
My point here is that a business plan or forecasts have been used to sort the new placement which clearly demonstrates big potential which will only come from improving rutile prices hence persuading II's to top up in a illiquid stock. They must have been promised an exit as that really is all they are interested. What I then go on to infer is that only a massively persuasive and much improved forecast would see the marker prepared to pay a big premium on the current share price or indeed a very strong current trading year which is unlikely to be strong enough. I still think Pala will want £1 plus for this stock, it is after all the largest titanium rutile reserve in the world! I have given up second guessing this stock it will come good at some point all the ingredients are in place it is a matter of time.
My point here is that a business plan or forecasts have been used to sort the new placement which clearly demonstrates big potential which will only come from improving rutile prices hence persuading II's to top up in a illiquid stock. They must have been promised an exit as that really is all they are interested. What I then go on to infer is that only a massively persuasive and much improved forecast would see the marker prepared to pay a big premium on the current share price or indeed a very strong current trading year which is unlikely to be strong enough. I still think Pala will want £1 plus for this stock, it is after all the largest titanium rutile reserve in the world! I have given up second guessing this stock it will come good at some point all the ingredients are in place it is a matter of time.
I was only teasing but.......could you explain what you meant by "so unless new shoot the lights out numbers...." - I fear something got lost. As it is someone who is in the mining business told me that he thought that Pala might effect a trade sale. He felt 2X their average investment which I put at between 15 and 18 pence for the cost of the investment and expertise given plus profit.
Nope not me; but for every seller of this stock there is a buyer, I really do sense the end game is coming into play here but for the life of me I am increasingly unsure of what it is. We have new II's who have been told a story which they have bought into, why get a new II involved why not simply place with the existing II's and Pala. A move to main market would mean a placing of shares from existing II's to create a 25% free market float. Value in this respect could only be released by selling down and to sell down Pala et al will want a big profit, so unless new shoot the lights out numbers and a business plan are made available i simply don't see how a full listing is going to create upside for anyone. Of course tracker funds etc will follow on the full list but that doesn't fix the initial transaction which will need to release value for those selling. The plot thickens I still see a trade sale as the way forward.
of shares and the price begins to advance. Or was that Gibraltar picking up 183K shares??!!
I picked up another 10K last week. But as you say very difficult to pick up meaningful amounts. I have enough anyway. Also interested in BKY and DJI.
When I spoke with him at the 2015 agm he was in no rush to chuck in the SRL ceo job; I do not know whether that stiil applies. Looks like the share shuffling has stopped.
What happens if and when our man becomes President? Is someone lined up to take the reigns? Time to plan ahead?
I for one and I know Corbs was in this stock at 6p and also at 84p I have made and lost circa £4M on this roller coaster so some way to go for me!!! I will be here to the bitter end and lets hope the big sale goes through and well north of £1!!
Agreed. Given the small number of remaining private investors relative to most list companies they could theoretically have had an open offer or part open offer. But I guess the plan was to get new blood invested. Legal & General tells the story. As has been already pointed out given that SRX is AIM listed the criteria is tough for a company like that and SRX have fitted the bill. In any event I believe that our time (and especially yours Gibraltar) is about to arrive [at long last].
Reality is the II's filled their boots because of the story told to them by Sissay. They are not idiots and lets be fair are in the game to make money, the story must be a good one just a shame they feel unable to share it with the rest of us!
Thank you for pointing that out. Since mid January we have chart wise higher highs and higher lows. The 20 SMA crossed the 50 SMA recently and as you say the 50 SMA is advancing on the 200 MA. If indeed the 50 crosses the 200 we will have a golden cross which is a strong signal for a further advance in the share price and if noticed by the traders, traders may get interested. However remember that this a largely illiquid stock. The prospective commissioning of the new Gangama mine could drive it as well as the suggested future hardening price of rutile.
I am no great chartist but I noticed that the 50 day moving average is moving towards the 200 MA - if they cross it usually means that Chartists see this as a buy signal - looks positive and may coincide with good news re Gangama starting production
The share price has gone up. As private shareholders without being allowed to buy shares at a discount and turn them for a profit we would like the share price to increase. Get it? Realise value which is the duty of a ceo and his board.
Yes - the option for shares RNS stated that L&G were new shareholders. The few of us like Gib, Corbs and myself know that there is a good story; we have been in the stock for long enough!!! John Sisay told me after the AGM last July that the intention was to seek a full listing and that Numis were appointed to advance the stock. The idea is to realise value.
Agreed. For what it is worth my guess is that Pala have taken a profit on a few from those shares just taken up and moved them for XYZ who wanted more. Either way, if you are right and Pala want to sell at a profit compared to their original 2011 investment to which they have added since, they have to find a way. I guess that if the intention is to list this on the main market there will need to be a free float of 25% in advance or some method found to persuade the authorities to allow it to list. I am not a City person and so I am only guessing but it is very frustrating. You Corbine me etc want to see value realised. And I guess Vlad!!
I know I sound like a broken record but you imply don't sell/buy 1.5M shares nearly of an illiquid stock and see no price movement it simply cannot happen. I just think the position is being manipulated by Pala et al at the expense of us small shareholders as ever I am puzzled on this one.
irrespective of what he elsewhere I guess that Vlad would like a few quid out of SRL - I certainly would!! Be you and Gib would also.
:-) large numbers? i recall those numbers being pi trades for longer term hahahah hey gibbo? dara? lol wonder whats vlads asset list at this time with global situation re his many fingers in many pies? is he still a forbes listed billionaire? or wheres he at?