Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
That 10p drop on the morning of the 10th August for no apparent reason does appear to be the same move made by the Market Makers which happened to the share price before the huge rise to 163p back in June. In June the share price was around 140p and dropped like a stone to 131p one morning and then rocketed up to 163p within days. The initial drop caught a lot of people out and picked up sell orders and people panic selling.
I now fully believe that 10p drop on the morning of August 10th was a planned move to pick up cheap sells and weak holders before they take the share price up to new levels.
I am excited to see where the current rise takes us to. This rise this time is not created by large buy volumes, we’ve seen more sells than buys every day, this rise is a price correction of the share. I am very confident we will see 160p very soon and probably 170p will be reached too. Then it’s into the unknown.
I like to think we’ve learnt a lot about share prices holding this share in recent months. The two key things - if you’ve got confidence in a company and management and the market sector, hold firm when we have times where the share price is falling. And understanding what the market makers are doing is like playing a game of poker and trying to work out what’s going on.
Hep, only invest in companies you know and believe in, because when they drop you don’t sell, you increase your holding. Yes you could sell and get in at a lower entry point but the stress of being out and then to see a rise “like here” is it worth it. If you believe in the company and it’s direction I just stay in. Don’t get me wrong there are times to sell as well!
This is very true Morbox, it is hugely distressing being out of a share that you believe in and seeing the share price floating away but at the same time we missed an opportunity to make a small fortune had we sold at 163p and bought back in anywhere sub 120p. The good thing here now is that we shouldn’t see slumps like we did from 163p to 104p as there was so much uncertainty before half year results that it was hard to know where we were really at. But we know now.
This is such an exciting share, the work done by WMH in America is amazing, the management are fully focused on overseas and online growth and the share placing has given WMH the resources to keep growing the company. And a potential takeover offer must look appealing given that we have a 25% market share in America. I would not want to be out of this share at these prices, loads more value to be realised here.