Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Drill Baby Drill
Watch the first 3/4 minutes and you can see what wokeCNN Sly news & BBC do not report.
The only way this does not happen is if the CIA-JFK-DJT ! The world awaits.
https://www.youtube.com/watch?v=Fr3ccVc21Dc
IF articles in the press are to be believed execs are relocating to the US.
With a high probability of DT becoming next US pressident will he stick to his words of Drill Baby Drill?
If so that may be pay day for WG and shareholders.
A long wait and could be some downside before then, but maybe worth it in the end.
The dip here is a clear opportunity to add. This is undervalued compared to peers on any metric you care to use. Same can be said for most UK shares at the moment. This won't persist.
Must say I would only be tempted back in myself at the low 130's level, although might not get there, of course.
Also watching to see if we get any inside buying. Nothing like some meaty purchases to demonstrate the old maxim of actions speaking louder than words... GLA.
Perhaps disappointing would be a less succinct word to use Ivor. Anyway yes not great - there doesn't seem to be that many major players in this market and yet profits seem elusive. I'm neither a buyer nor a seller on this news. I think they need to welcome a buyer (for the company).
Nothing about debt.
Nothing about return to free cash flow. "simplification" will mean reduction.
no comment
Seems to want to go to the 132p level again - add be glad
Only me it seems as I anticipated the rejection and sold majority of shares at the time. This have been a great accretive for me. Even managed a cheeky trim and a buyback already today.
Can't imagine any shareholders are happy after rejecting Apollo last year.
WIll do & happy to.
MaryBr
If you are buying dips then I suspect you'll get plenty of opportunity to do so today as this is going to go south
Crap results again.
I like this quote, maybe a divi by 2025……. “From 2025, our sustainable free cash flow generation, combined with proceeds from disposals, will provide increased flexibility in our capital allocation policy”
I suspect job cuts will be encapsulated in the statement
"....we have launched a simplification programme to drive efficiency and support further margin expansion"
No capital allocation until 25.
And negative FCF for year end.
No mention of job cuts though.
WG. First impression is that their recovery is on track, perhaps a tad, ahead but the old problem cash flow is still there. We knew payments had to be made but now there is a self investment (improvement) programme which in going to require cash before it starts to save money. I will come back if there is anything worth saying after the video presentation at 9 a.m. I see they are getting a new CFO.
Buying any dips.
We are therefore upgrading our outlook, with 2024 guidance now towards the top end of our medium-term targets and 2025 expected to exceed those targets. Ultimately, our priority remains sustainable cash generation and we expect to deliver significant free cash flow from 2025."
If you want a laugh, check out the CNN fake news on Trump - not going bust today or any other day. Another Donald win.
Puns most welcome to cheer up a dreary Monday morning!
Yes, not comparing org's here, just how even a positive results RNS leads to chaos at the moment. Fingers crossed Woody will surprise tomorrow.
Think PRU is based on China outlook and OCDO is a basket case (excuse the pun).
GLA
Judging by recent RNS' from other companies, even a positive result will no doubt see -10 to -15% (OCDO, PRU etc).
Should be a fun one, especially if the improvement is confirmed. 120 or 170p place your bets.
Standing by ready to add or trim as usual. Good luck all.
@ Asleep
FYI
https://www.shiftingshares.com/what-is-an-uncrossing-trade/
If a large fund is buying up shares to add to its portfolio, that's good news isn't it?
What's the story with them? Sorry not up to speed.