The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Well I’d hold a bit longer for closer to 90p. This rise could also be some leaked news. VLG are still looking at further acquisitions and even with china deal and HS sales at zero, VLG will still be growing their profits and revenues. There is still the problem of supply and whether the company has been affected by it or not.
Actually it was me who said 50p and you agreed with it. I wouldn’t be surprised if the rise today and yesterday is because of bod buying but we will have to see. It could well be II’s buying. Either way, it does look like 42-43p was the bottom with such a bounce back. Time will tell in the end. I think a retrace to about 70p looks good and I’m time 90p. I think it will need a long time for previous highs to 115p level will be needed. Still 70-90p is still a good return for those that would buy from the lows.
What price did you get? I only saw 4 trades for when you said you were buying and then the price went up. 3 of those trades were sells and the one buy was at 43p for £1700. So for a 39% profit you need to sell at 60p.
Could the 42/43p support be the bottom? Certainly value at this price.
Worth reading the latest report out today by Edison. Gives a target price of 30p calculated with falling gold prices to 1500 over next 6 years. Imagine if gold price rises?
They mention debt to be paid of within a year and also that PAF are 12 out 64 in the sector for highest dividend.
I'm not worried. It is past the worst and will likely only rise from here on. Today will, imo, be a buying opportunity.
Pretty much what was expected for the Q1 report.
Negatives:
Production down 3%, as known, due to disruption at Lesedi.
EBITDA down due to price of Rhodium.
Positives:
SLP expect to still hit FY targets.
Expenses reduced.
Liberium report an expected special dividend similar to last year of 3.75p. Target price of 170p.
Chip shortage expected to be resolved soon which will up the demand of Rhodium and therefore the price of Rhodium creating higher profits again.
I wouldn't be surprised for a down day today based on the negative news, even though this was expected. Overall I expect the sp to steadily rise from here for the next 6 months.
Maybe. Tbf, ST gives some pretty good tips but he often gets a good price to buy wrong. His tips are biased towards value, but value doesn’t mean too much when sentiment is gone.
I don’t think it was.
Anyway, becoming good value here now. Will BR sell out completely having originally bought around 90p I think. How low it will go who knows. Probably will hit 42-43p and if investors are lucky they might get a chance to buy in the 30’s!
If the rumours are even true then they would need funds greater than current market cap possible through dilution. It would then remove a competitor.
Approx. £1.4 million buys gone through this morning. Director buys maybe?
Whoosh …. Gold back down again.
Longer term yes. Short term no is my view. Currently the sp is at the bottom of a daily and weekly trend lines so it is a good place to buy. It could still go lower so buying some now and keeping money back to buy on possible future drops would be prudent. There are obviously problems affecting this sector but boo is still growing with plenty of potential still. 150p is a level of very strong support I would like to buy at that level but who knows if it will drop to that or not, hence buy in tranches. Ultimately it is the individuals decision to buy or not and I would not buy on what is posted on these boards. What I have learnt over the years is negativity is always the worst when the sp has dropped a lot.
Liberum upgraded their target price today by 1p to 36p. I'll settle for the old target price of 35p.
Liberum have raised their target by 1p to 36p. I’d be quite happy with just 35p.