Member Info for 100notout

RBC's recent sell recommendation and 70p target looks dodgy. Time and time again they just come up with stupid price targets. Why on earth do people take them seriously. They are all crooked as far as I am concerned. Good luck to the investors that kept the faith.

Should see the shorters off here for good. They were being greedy as they thought that they could push GEMD into the ground just like they did to PDL but it hasn't worked. Unfortunately there seem to be more posters intent on seeing negative news rather than positive. They must live quite sad and unhappy little lives.

It's quite common knowledge that there are troll farms in Russia and China trying to sway voters to suit their needs. Surely it's not too difficult to open up accounts on certain financial boards for them to the same. If they have the said power to sway elections such as the US election and Brexit surely they could have an impact on investors.
If we were to do the same in their countries we would be taken to dark rooms and tortured and investigated to probably not be seen again. One only has to look at all the negativity on all the different companies to see their propaganda. Surely it would be better if these boards were properly regulated. This is a potential target for an enemy as its an important part of our infrastructure. The problem with this country is not only do we allow them to talk a lot of rubbish but we allow them to short the companies too. Maybe it's time we take a similar stance to them.

GEMD have had a good recent history of discovering decent stones and will continue to do so. Maybe PDL has had its day. Lets hope for their sake they can pull a whopper out of Cullinan.
The brokers have gone rather quiet with regards to GEMD haven't they. It seems they only want to be bearers of bad news. They haven't got a very good track record here have they but I suppose they have helped their shorter friends out. A few more finds like the last two will create a very low pe here and will put them into a minority of companies that will have gone through Covid being profitable. I really don't get the current share price. It is far too suspicious...

Unfortunately the UK has been out of 'fashion' for a while now just like brown furniture. I think we will soon be at the point where people will scratch their heads and think to themselves that a Queen Anne walnut chest of drawers is cheaper than an IKEA chest of drawers that you have to construct yourself and within a few years will look Crap that is to say that it hasn't fallen apart by then. I know I would prefer to be in ownership of a Queen Anne Chest of drawers and shares in BT rather than an Ikea piece made from a veneered chipboard and facebook shares...

The FTSE has been helped by foreign miners like BHP, Rio Tinto etc in that time frame, what would be the real level be if there were no delegations. It would probably be about 2000. Remember the likes of Burton, Magnet, English China Clay, MFI and Racal to name a few. More recently NMC went into administration and effectively their valuation went from the £Bn's to £0. If you take inflation into account the returns would be negative unless you included dividends. The main benefactors have been over payed bod's. It's run as a bit of a club and nice work if you can get it...
Funds have all gone over the pond inflating US tech shares. The valuations on companies like BT are a joke in comparison and it makes it an even bigger kick in the teeth when you consider US hedge funds short FTSE companies.
The tide will turn eventually.

This has been set up for a takeover by the Yanks. Firstly they short the stock, secondly they get rid of the Chinese (Huawei) and then they buy.
As a security risk would we be any safer if it were in the hands of the US. I doubt it... The sad thing is that the British government have most likely been informed of the protocol. One thing for sure if one bidder emerged I would be surprised if a few others didn't join the party.
Who is selling though...

I agree it is about time that the shareholders got something back in return. GEMD should either buy shares to increase eps or pay a dividend. The shareholders do seem to be last on the list of the bod's priorities as they are overly compensated and Lesotho does rather well from license payments, royalties and the local projects which are undertaken at the expense of the company. Surely it's not too much for the shareholders to have a bite of the pie...

I couldn't agree with you any more Fleecy with regards to Brexit. The problem is that the media promote news in a negative fashion and have got all the sheeple in a panic.
This is being played like a fiddle. The question is who is the player?

I really am surprised that this isn't in the 40s yet. Where have all the naysayers gone with predictions that Graff will buying these off the administrators. Cads...

I did say that they would probably find another good stone soon as its like waiting for a No 9 bus in that you might have to wait a while and then quite a few will turn up at once. This is so undervalued that the market will have to wake up at some point and see it. I must say the negative brokers have been quiet since the last find, I wonder why....

IC - Does anyone follow them these days. I haven't read that rag for years but sometimes it was best to do the opposite of what they were recommending. So if they are saying sell I take that as a good sign. Probably the journalist got a lovely brown envelope from the hedge funds or potential buyer as that is usually the case in these circumstances.

5Eight - Nothing ventured nothing gained. The FCA are a pretty useless organisation with my experience and you would be better off probably sending it to your local MP and other MP's with whom this would apply. Unfortunately from experience there are no rules which are strictly obeyed and they are there just to break... Good luck.

Tom - Sometimes it pays for the CEO not to be interested in the share price as they should have far greater concerns. You have to be careful with CEO's which are too concerned with their share price. One only has to look at NMC...

Ocado highlights the lack of insight from the City doesn't it. Not that long ago they were one of the most hated shares and one of the most shorted but look how they have performed. They have probably risen more than any other company on the FTSE so much so that they could snap M&S up in an instant. It all depends on how ambitious Ocado are but if I were on their BOD I would put the case forward. Negativity can create bargains and I think ITV is a bargain at the current levels. Some investors are happy with a few % in a day or two and good luck to them but I like to see larger returns over a given time and I think the patient will be rewarded here.

Tom - Fortunately my average in M&S is in the 90's. If they don't double from that in the next 18 months I will eat my hat. I would equally be surprised if ITV trades for less than 100 in that time frame too but that is my opinion and we will have to wait and see what happens.

You're welcome NigeCo - There are a lot of cheap companies in the FTSE100 at the moment but I think some are cheap for a reason. I wouldn't touch oil stocks, airlines and associated companies until we have a clearer picture on Covid. You are right that ITV is a well run company and I like you believe it will come good. I have found in all my years of investing is that patience is rewarded and I am happy to wait this out.
Fortunately the bulk of my money has been in SA miners which have gone up many multiples which I have been selling off to buy a few stocks over here. My favourite three on the FTSE are M&S, BT and ITV. In my opinion they have been oversold and will see out Covid and come out stronger.

I think that the WHO are being very cautious with their 2 year assessment. The difference between the Spanish flu and Covid is that happened over a hundred years ago and medical science has come on leaps and bounds.

I agree Nigeco, there seems to be a lot of negative posters who probably work for the hedge funds shorting. This seems extremely cheap and the cheaper it gets I will add as I doubt it will stay at these levels for long. Looks as though this is being worked on for a takeover...

I couldn't resist it too Dave but not that many today. I am surprised with the muted rise so far but yes it would be good to a sustained rise up to 50 in the near term.

I can understand that Jstar - The bod is not the best and like you I am not happy with regards to the lack of dividends over the years but I suppose in hindsight at least they don't have any debt now. I think one of the reasons the price is down is because investors got their fingers burnt with PDL and they pigeonhole GEMD into the same basket. I think GEMD have a very good asset in the Lesotho mine and will carry on producing high quality gems. They only need to pull out a few more like this recent find which I think they will and the current price will be history. I got a bit peed off with the SOLG bod a few years ago and sold when I broke even at about 4 only to see it rise to 45 a few months later. I had quite a few million shares there too. That was rather irritating... Good luck though whatever you decide.