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I hope it's not a takeover bid at these prices
At this level, I'm wondering how results will be interpreted. The June - September period should see increased trading activity but will this lead to the price increasing? All the research in the world can't predict how markets will react but this looks cheap to me. Spread for small amounts varies it's about 17.5 - 18.5 last I checked. Brokers like iii, IG, youinvest, tddirect are all good options for AIM-listed companies I think
imo there is a margin of safety given price is 60% of NCAV primary risk is in those receivables can i ask what is the bid/offer spread you are seeing and what brokers you recommend with such stocks
i find myself back here looking again,,, think its work a punt seeing as they launched the new payment system end of 2015,,, jqw looked solid too though......
From June 30th - 31 Dec the MYR depreciated 7.46% against the GBP. But since 31 Dec the MYR has appreciated 13.10% against the GBP. This affects SYQ, RCI and MBO as their assets are predominantly held in MYR despite accounts written in GBP. The currency swing so far this year will be reflected in the H116 result due out in September and should see be received well especially if the GBP retreats further.
sub 10p sir? I hope not :) I doubt the 810k sell at 15p (£121k) has been completely offloaded yet and so the MMs are pulling this lower to cover themselves. There was a little surge in volume with the mid bouncing around 18.5 - 20 but we are back to low volumes again. This to me just looks like the bottom of its current trading range. Spread is 17-19 more or less, so the share price hasn't fallen much in the past month. There is a large spread owing to little volume. The MYR continues to strengthen in the face of a weaker GBP which will provide a huge boost to companies like RCI, SYQ, MBO that report their results in GBP but mostly trade in MYR. Assets held will rise in value. Earnings will appear stronger too. The H116 results will be much stronger than H215 results - MYR has strengthened more than 12% this year against the GBP
being worked? ..can see this sub 10p..and then the gamble wd b: rci or not to rci it?
bien sur mon ami
tombant facilement
so easily.. ..doesn't inspire
1st tranche taken today. Will add regularly
seem to be narrowing..but the establishment is fighting a decent fear campaign ....the debate over the security consequences of BREXIT was dire today...with all sorts of false dichotomies wheeled out by the fear gang.. ...if folk reckon the EU as currently "managed/organised/constituted" is the bees knees...well..good luck to them...from my pov there is plenty to fear from remaining within the Leviathan..
Not to worry. This is growing stronger each day that the MYR appreciates and since the terror attacks in Brussels, the odds of BREXIT happening have increased adding pressure to the GBP. This trend still has the best part of three months still to run in my opinion and will become silly as we approach the big day. SYQ will be much higher by then
still moves effective bid down ...which suggests plenty of shares floating around...& still need significant buying to get this moving up imv ..watching/waiting
Been saying this for a while now, we are in a turnaround phase. USD losing value with the economy flagging and rate rises pushed back. Oil prices creeping back and with Malaysia's political situation now becoming more apparent, it's not such a bad bet after all. The executive chairman of Templeton Emerging Markets Groupe has come out and said the Malaysian ringgit is undervalued by 28%. This is an exciting sector to be in and perfectly placed to benefit from FX gains in the coming year in my view. http://www.businesstimes.com.sg/government-economy/mobius-says-malaysian-ringgit-is-undervalued-by-28 Mr Mobius said emerging markets are at a "turning point", and listed Brazil, Vietnam and Malaysia among his favourite emerging market investment destinations. Currencies in Southeast Asian economies came under increased pressure last year amid a global slump in prices and a slowdown in China. The MSCI index of Southeast Asia, a benchmark of the region's biggest stocks, plunged about 20 per cent last year, driven in part by these factors which brought down valuations down to 2009 lows. Malaysia's economy grew 5 per cent in 2015, slowing from 6 per cent in 2014 but within the government's 4.5-5.5 per cent estimate. The ringgit took a hit from sustained weakness in global oil and commodity prices last year, and continues to face risks from Malaysia's diminishing surplus, which narrowed to 5.39 billion ringgit (S$1.81 billion) in January trade. Beyond Malaysia, he said while growth is decelerating in China, Mr Mobius said it remains "an enormous growth story" with a significant increase in the economy's dollar value over the past two years when growth was at 7 per cent, compared with when it grew at 10 per cent in 2010. Mr Mobius said India is also growing at a "very nice rate" with increasing foreign reserves, that along with the Indian rupee, have been managed well by the country's central bank.
If we happen to get good news on receivables this will surely fly, here's hoping!
We would have to be extremely unlucky to pick a 'dodgy' one that gets caught out and goes under. The accounts and updates coupled with returning interest to Malaysian based operators, weakening pound there suggests we will see gains in the year ahead if the trend runs. A BREXIT would be favourable for these foreign based small-caps also. Not keen on the Chinese stocks one bit however, there is a world of difference between Commonwealth markets and the one mentioned before.
it's a screaming buy..but wd like to see NEDs load up ..after rci, I accept the risks of wipeout (like gbo and chinese horrors) may be compensated for by potential for quick multi bag ...this is like a 4-1 bet in a two horse race imv
I don't know about PTD or OMIP but yes this looks ready to move on the next piece of news. MMs took it down trying to fill that sell, like CNR when an ii offloaded a shedload. RCI is topping out now in my view. MBO still asleep...
excellent mojo after monster dump...impressive
ptd and omip ..key is volume after dump ..ptd and here lots of buying GOOD ..OMIP awful
Unusual volume today, could it mean a RNS is coming, we are due some news.
Oil up. MYR coming back. Malaysian stocks looking cheap. SYQ due a bounce.
There was YE trading update released around this time last year so the company may be inclined to report to the market. Given the very large sell reported at 15p it's little wonder the price has been taken down although i doubt this is because of results. It may just be a fund/ii reducing risk due to the macro situation or their own financial position. Something very similar happened with CNR earlier this year taken down on a large sell before people piled back in and the price tripled (gold also rebounded and directors bought in that time). I doubt the MMs who took the share price down for the sell would be keen to offload those 15p shares below that level, they have probably already matched a number of buys in the 18-21p range for it.