Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Cant work out how this is over a quid still. Inflation slated to hit 18pc, with sterling endless collapse and all energy priced in usd will be more like 22pc, can you imagine the interest rates they will need to bring it in, at 18 pc it is almost 10x useless BOE mandate. Housing market is gonna get destroyed. 2008 on steroids. This is all about the macro, which for U.K. is terminal.
I'm buying here. Good dividend and good potential upside in the share price once the recession is over. However, I can easily see this falling to 1 quid a share or another 15%.
You can only sqeeze an orange so much untill there is no more juice left in it.This is also the case with share prices.
In real terms house prices are barely keeping up with inflation, and interest rates are still very low, in real terms they are negative. They have removed of base rate +3% affordability checks and now there are 30-50 year mortgages coming out. Buying is still preferable to renting and there are a lack of houses.
PE ratio of 7 and 7.5% div. I think it's reasonable price currently unless we have a huge recession, which is certainly a possibility.
Needs to hold 113p or sub quid coming....
antimidas - that's one of the reasons I've pretty much moved away from individual shares.
For dividend income I use dividend paying investment trusts. Less volatile and (an almost) guaranteed dividend despite market conditions. My holdings have continued to increase their dividends annually despite covid lockdowns and individual companies cutting their payouts.
For capital growth I favour investment funds. Better diversification, less risk than individual shares and exposure to global markets. People don't seem to realise the UK economy only makes up around 4% of the global economy. There's a big wide world out there!
I sold my entire holding here in June 2020, right in the middle of lockdown, at £1.60 per share. Bit of a panic sell really but looking back no regrets.
Good Luck!
Once upon a time I had a pretty well performing portfolio. Now I have a housebuilder down in the dumps amidst a massive national shortfall of housing. A copper miner that is bumping along the bottom, while copper prices are high, and a bank that cannot make money. I think a trip to the bookies is called for, except that I'm pretty sure that if I bet on Man City to best Doncaster Rovers, Rovers would beat them 4 - 0.
Oh well, let's have a look at what my stars say, to see if there are any clues there.
Seen your doom and gloom b4 not impressed
@PhoenixRising53
That was my reasoning, but after nearly 5 years of reinvesting all the divis, I'm still well down. Let's see what the next five years bring - hopefully a PE offer. Failing that, I might just be up after 10 years, but at this rate, I would probably have earned more by putting my Wimps investment in the Post Office.
You pulled the trigger far to early my friend....
I think the market is assuming housebuilders profits will be wiped out because of inflation in costs and deflation in selling price- imv the market is underpricing the whole sector I have added £10k today in psn because they have been hammered and will surely bounce , ditto tw but not as much.
I am not bothered what the price is as long as TW keep paying the dividend?
I will be very happy if today's price holds as it is until the 4.62pps (4%) dividend pay out on the 18th November.
As my dividend is automatically reinvested it just means I keep adding cheaper shares to my holding.
Long term Britain needs more houses that's for sure so in my view short term investors dumping their shares now or in the coming months means at some point in time I will be laughing all the way to the bank at their expense! Happy days!
We aint doing too good either.
Carnage over at PSN
Looks like it was the pandemic rush propping this lot up, big bump coming,but great opportunity over the next year of pain if you have cash...
There we go. It took just two weeks for the dog share of the Footsie to get back to sub-120. I wish all my holdings were so predictable.
Underlying figures on persimmon are dreadful, only thing keeping margins ok above building inflation is house price rises which will shortly be house price falls. They are a better company than shxtty TW so does not look good. 2008 all over again. UK now importing natural gas from australia ( insanity ) and parabolic inflation slated to be 13pc by Oct with sterling destroyed to 1.20 usd and the brexit nightmare fiasco still rolling. Interest rates will be 5 pc by Feb so housing is fxcked. I’d get clear of any U.K. facing businesses for 6-8 months as this winter likely to be meltdown. US picking up nicely tho ( energy self sufficient )
Will be interesting to see if resistance at 113p holds...
Blackrock has been invested here for over 6 years, gradually increasing their holding on behalf of their clients. During that time, the share has traded between 100p and 235p giving plenty of opportunity for them to significantly increase or reduce their holding, which they have not done. What they have done is to collect some very handsome dividend payments for their clients. In other words, exactly the same as 90% of investors here, including yours truly.
Most institutional investors loan out their shares, its mainstream practice these days, in order to squeeze out a slightly better return on their investment. Many traders / institutions hedge their long positions with shorts in times of market stress, creating the market for loaned shares.
Of course, some traders borrow shares to place unhedged shorts, however in practice it’s usually only small percentage of shorts. More shorts are placed via leveraging trades via CFD and SB with counter parties.
Black rock as you say are the kiss of death when they invest in a company they buy the shares and loan them out to the shorters they are corrupt in all they do to lower the share price they have been doing this for decades need to best stopped .stay away from whatever they invest in.??
My point was they continually Plough into a share either by a short position or genuining buying stock to then either inflate the price to suddenly sell at a profit or force it down to return shares. Usually short term actions their buying/selling power seriously influences the market. It would be interesting to know how many of their investments has lead to the downfall of a company that without such action would have managed to survive rather than become zombie cases or gone into receivership. My personal opinion
Blackrock are the world's largest asset manager, with ~ $10 trillion under management. Not surprising they hold Wimps. Recent RNS's show they are pretty stable around 10%, add a few, sell a few every now and then.
Nothing to see here re derivatives, just a few CFD's and they have lent out ~ 9.5m shares. What would be interesting would be to see what Elliott hold (if any), and who might be acting in concert with them (if anyone). They have been quiet since original declaration last December.
Seems the RICS report and Savill's update have spooked the builders today. Although these reports mainly refer to the second hand market, it doesn't stop the market commentators spouting negative headlines in order to promote themselves and burnish their so called industry credentials. New house sales are motoring along without any indication of a turndown, at least for the foreseeable.
However, as we know, it's the market that sets the share price.
They crossed the 5% threshold in March 2016, nearly 6 1/2 years ago. What's your point?
This blackrock involvement has been going on for months, a few RNS are there, each time they hold more, or sell.