George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Stupid me. I didn't notice the increasing short. I guess it doesn't take much to move this given how quiet a stock it is.
Will be adding if it goes much lower.
TEP needs to shake of the shorters thats why
GLG keep increasing and selling off what they have borrowed
Sub tenner for a moment...... not sure if I should top up or wait a tad longer as this doesnt seem to have stopped falling for ages......B
My fear is that the market deems growth to be over. Hence we won't see a return to anything like £15. Hence it's yet another stock I own on which I'm sitting on a loss.
and most of the troughs are in the months of sept and most of the peaks are in the months of Jan........ weird....... B
Haha yeah true based on the past 5 years. We would all be millionaires if it is guaranteed to be move between £10-£15-£10 every time.
I agree Leapgrog..... seems a tad friendless this at the mo. First purchase @ 1038.... I am waiting for a sub £10 for my second...... long term graphs seem to show that this bounces between £10 and £15 over and over again.... so why not now?.........B
TEP is a good divi stock, founded decades ago and sporting a 10 year track record of reliable payouts. Not a growth stock.
Problems / answers:
1/ The regulator has stepped in to halt "price walking" - this is when a supplier offers initial discounts to pull in new customers, but then "walks" them up to a regular price. Means lots of customer frustration and energy lost churning.
HOWEVER (here's the good part), TEP does not have such a strategy - same price to all customers, old and new. What TEP competes on is quality and peace of mind. Once you sign up, that is it: all your utility bills are covered for the one price, It is transparent and predictable - you can set your budget by it.
Which is why TEP welcomes the intervention of the regulator - he will hit TEP;'s competition!
2/ The recent hike in stamp duty has spooked investors, though to me it seems minor, won't affect my dividend strategy though it will reduce by gains a little. As usual overreaction on the part of investors creates opportunities for someone looking to lower their book price and tuck away for the future.
I bought at 1032 and I bought again today at 1022.
Happy days,
Good luck everybody!!!
Yes agree with you all. I think we should get a bounce back up today
I was just thinking the same
Happy to increase my position here. Improving revenue, attractive dividend, solid balance sheet, good technicals (RSI=32), entry price now near the March 2020 lows.
Steady train wreck of a share this. Think the story has run its course or did so a year or more back.
SP always drop on the ex. date by an amount roughly similar to the div, which is a great time to buy, not on the payment date. In this case TEP announced a drop in revenue and profit in June before the div announcement date, so the share price is adjusting. Their PE ratio on tradingview seems to be about 27 currently, with SP at £11.28, which is about average historically, when they have been growing that is, I have a feeling, as the market is declining in general in UK that it will drop further...
No it usually rises to ex-div date. I thought they were going to miss this july's dividend but at least I was wrong about that. Problem here now I suspect is that the market effectively sees little more growth.
Is the drop due due to us nearing the ex date or anything else?