Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hopefully in the not too distant future the market will realise and stop beating down important companies (like WG & PFC) because they can with any quasi semi-justified narrative they wish to run with. The market has to acknowledge that during the current and future renewable energy transition that these companies are intrinsically linked to a better future and the maintaining of our current standing of living alongside the expectations of us Humans.
This is not overegging or being melodramatic in the least. Who does the market actually expect to perform the requisite transition to a cleaner safer future, are we suddenly going to have a new breed of EPC experts, the answer is no. Companies like WG & PFC, et al will continue to be the go to guys to maintain our future standard of living.
Therefore, the market should place a higher value on these companies, thus attracting more investment, highlighting who is actually driving and going to perform future engineering challenges and change for ultimately the advancement as a species, and to push back on the old fossil fuel dogma surrounding these companies, which in part is still driving the ridiculous ESG investment driven model, as we have more than gone past both tipping points of acceptance and adoption of cleaner renewable technology and peak oil.
It's not too much to state that EPC providers are the backbone of the way civilization has advanced in the past and if we all want to continue to advance as a human species then the same EPC companies will be the ones to propel the future, and accordingly should have higher values attributed to them, due to their importance to human society past, present, and future.
GLA
The company has to give the market something to think about, similar now at PFC. WG's trading update next week so there is a possibility there may be something in that which the marker is not anticipating, or there may not.
Only super positive news flow will permanently push this (and PFC) to new higher highs, but based on history it actually only be higher lows.
Whatever is to come in 2024, it surely has to be better than the past few years when the SP of companies like WG and PFC behave as AIM stocks on a daily basis.
GLA
I agree so why does our fabulous market think it's worth retracing from 173 to 153 since it was announced.
Frustrating , infuriating and completely unjustified.
Yet they do what they want to despite buy volumes outweighing sells all week.
Fidelity do seem confident enough for the future though.
GLA
It's a total retrace accross everything Mary.
Been an awful start to the year.
Making me want to trade in future rather than hold.
Loads of my midcaps down 5-10% the last 4 days.
Same old UK rubbish
Wondering if there is something happening with FSJ and WG. due to the arbitrage. FSJ stengthening while WG. down seems odd.
Long in FSJ @267 so interesting to see.
Trading update next week.
&
As per Mary's post, Fidelity have upped their holding dramatically, probably had to push up the Bid to entice some sellers at higher levels to grab the shares to fill the orders for Fidelity? They certainly had some of mine as I trimmed a little at the higher price, but left a few for next week in case we get another rise in to the TU?
GLA
Typically the nature of this share. The whole market got hyped up leading up to Xmas, typicall Santa rally. Now xmas is over and silly season hype has evaporated. Getting back to normality. A trades share in my opinion
Anyone know why this has suddenly changed direction the last 2 days?
This market is making me more want to trade rather than invest.
173 to 158 in 2 days on what.
Position increase from 5.1% to 9.73%
9.730000
Position of previous notification (if applicable)
5.096000
0.000000
5.096000
https://www.lse.co.uk/rns/WG./holdings-in-company-612i2d1aa25d6cp.html
IMO, looks like it's drying up.
GLA
FYI: Berenberg obviously didn't get the memo
https://www.woodplc.com/news/latest-press-releases/2023/wood-to-support-one-of-the-worlds-largest-offshore-wind-to-grid-connection-projects
GLA
Certainly gaining traction
The whole stock market has risen today. This I think is the reason for the rise but pleased to see an increase. Whether this rise holds in the next few days is another thing. I think we need some news before we can construe this as a break out but happy if proved wrong.
Breaking out - super
Let's hope the board will prove why they turned down the bids and restore the price above £2++.
Bought a load yesterday and sold them all 30 minutes ago.
Added to a share that has dropped.
Hopefully done the right thing.
Time will tell.
GLA holders
Yes a few juicy contract wins would undoubtedly help the SP. I do think however that this will rebound strongly in due course notwithstanding the negative influences at play here (POO and PFC)
Extension to existing work so while welcome its not going to increase revenue. Would really like to see a nice big contract win here rather than extensions or "enabling" contracts
End of the story
This is just completely stuck between 140s and 150s.
It's doing nothing.
No nasty surprises, so I will take this update as ok. Nothing significant to push the SP north. We continue to live in hope here.
You always know its ropey when they emphasise revenue growth so much. Trying to gloss it over.