Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Looks like we’re going to have a strong end to the year in the run up to the Xmas results in the new year - every store I’ve been in over the last few weeks has been busy with good availability!
The shares want to break through 290p this week it seems. I project above 300p in January when the Christmas trading results come in.
Look to have finally cleared that resistance at 286 and held it, so it's absolutley within the realms of possibility.
Willcottage/Owl85 I agree on the monthly charts showing great strength for the past 3 consecutive months however major resistance is building up towards the physiological approach toward the 300 mark (support/now resistance in 2005/08/12) and before the 2014 breakdown.. having said that any breakthrough of these 300p levels could fairly easily propel the SP towards 330 fairly quickly IMO GLA DYOR
Local Extra busy at 6am.
Tzap, same every year on this day, loads come out early doors to try and beat the crowds and get the pick of what's on sale.
@Svend
I'm thinking heading to 330p once 300p is broken and maybe fairly quickly.
I'm holding out for 350p and then decide.
Fingers crossed for good Xmas trading figures.
Was hoping to be above 300p by the New Year but the slow and steady climb from the last 12 months convinces me that there is no reason for the trend to change. I’m guessing that the current private shareholders are happy to keep their investment here and of course keep collecting the dividends.
On paper TSCO has kept my pf in profit after taking a hit with a gold miner and very much hope fellow investors are showing a profit too.
One and all have a safe and prosperous New Year, not forgetting health is more important than wealth!
leas
@Rubbyw Agree on a review if/when the SP comes closer to the Fib 0.618 @ around 350p @Leas ''One and all have a safe and prosperous New Year, not forgetting health is more important than wealth!'' - I'll second that ??
Completely beyond my understanding why an average sort of grocery shop producing a yield of less than the inflation rate should show such an increase in share SP.
eccles
Don’t make the schoolboy error of thinking a high yielding share is a reflection of how well a company is doing. Over the years many companies have been paying dividends they cannot afford. HMV DEBS to name but 2 that went bust nit long after paying double figure%.
The way inflation is going up I cannot see any company outpacing the rise.
Didn't know that "schoolboys" invested in shares. Anyway, I am well able to read a Balance Sheet and P & L account and am not impressed with TSCO's recent offerings plus having to sell off some businesses which they are unable to operate successfully does not speak well for the management team.
@Owl85 good stuff...hope it continues!
eccles04 - If it ain't working why should management spend energy on trying to fix it may be they are better off without it and management can focus on sharpening on where it matters i.e. Beat the competition at the end of the day that's where the real value lies and they are still susceptible of a takeover since the current valuations in the general UK market are at historic discounts compared with the USA. Just look at what happened to ASDA and recently Morrisons this leaves Sainsbury a sitting target too..
A decent management would not have tried it in the first place.
A lot has changed in the company since the days of attempting world domination to be fair, I strongly doubt there's anyone left at senior level from that era.