Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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little top up: 1500@93p...hold 14k..jolly optimistic
yep..ev/ebit a little misleading here cos of minority interests...so i look at cash adj pe... ...clearly cheap as chips with adj p/e of 6-7, but a tiddler (so governance/management risks high), significant market risks here in eu and how to get to grips with golden egg of sk?? ...looking to derisk £1.20-1.50...tho still still cheap there lol
I've been watching on and off for about 18 months. Saw yesterday's results at 7am and tried to buy on bell. Was negotiated trade only. Tried again a bit later and was quoted 99p and didn't pull trigger. On any sort of retrace I'll buy, cheap even at 99p on EV/EBIT. Only thing stopping me was illiquidity and wider market wobbles - easy to imagine me being stuck in following a pull back as the world falls apart outside
here...lovely illustration of how dysfunctional most PIs are ....do the research & basic maths...ignore the thrill & hype elsewhere ...get boringly wealthy
on the rise
and dirt cheap...so why not £1.50??
but i couldn't resist buying more...no longer on free carry
Fab little company And approx £1m free cash flow generated too!!
done next to no dd here or elsewhere...and this has SK to boot (how would you dd that at reasonable expense?????) ...I have no answer to the dd challenge...just questions ...my pf is so cash and property heavy, I can fortunately survive wipeout of my whole equity pf (not keen on that outcome, mind lol) ...and are all listed companies frauds? History offers some comfort, but in these degenerate times who knows?
It does appear safer than most. You have mentioned a few times across bbs of investors not carrying out extensive DD, which adds to the risk (especially at these times) but I was wondering have you done anything to derisk your investment here other than email the BoD and analyse the company accounts? I can't say I have but if I had the time I'm not sure where I'd even begin!? Interesting times for the FED, can they really afford to raise rates? Atb
but rel to the nonsense floating around AIM I'm happy to hold here
Final Results next week, hoping the Chinese market wobbles earlier this year hasn't affected results in SK. Don't think there will be any major upsets given lack of company updates GLA
ic for the troops ...let's smash £1
Interesting to note the share price has risen in each of the past three years during the last week of November into December and early January when the Preliminary Results are normally announced.
Any thoughts on PEN? Bad news priced in and no recognition of new / delayed contracts coming through..?
the korean business is v difficult to value ...i want to see the mcap comfortably exceed tnw (so £12-15m, say) and/or pe (adj for surplus cash) over 10 ....somewhere above £1, but where? £1.20-1.50?
What's your target price, Jolly?
rise
here below 80p imv ..mcap lower than tnw; pe lower than 10; growing (S Korean mkt a tad diffiult to dd but whatever); decent aligned management...even healthy div yield ...and love the 3-5 yr chart
@79p...cos reckon noise
Good Afternoon. Anyone hazard a guess as to the reason for the SP drop over the last few 3 weeks. Is it a combination of lack of a interim report and general market conditions....and sells having an exaggerated effect with a low market cap share. Or have I missed something ??
free carry
no...just holding on
@89p as insurance
Performing better again after a brief blip, any thoughts on ZMNO jolly?