Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
My understanding (and I could be wrong) is that the Index will only track the performance of DEV, it won't be buying shares at all.
However, ETF's who follow the index will be buying the stock - this is different to the Van Eck situation with GGP
What it will mean though is that some institutional investors will look again at DEV which is no bad thing
Looking back at the recent RNS regarding new appointments -
"Mr Cho and Mr Kayani will both be appointed as Managing Directors of AAA, in non-Board roles. AAA intends to complete these appointments as soon as formal administrative and regulatory requirements have been completed and a further announcement will be made in due course."
I'd imagine these new roles will be part of a wider strategy when it comes to AAA's structure & investments. I don't imagine these sort of things get sorted out in days or maybe even weeks. I'd be (pleasantly) surprised if we hear anything before the middle of the month at the earliest
I think the whole AAA structure is pretty complicated. There appears to be a lot of different pieces to the jigsaw and my gut feeling is the market needs a number of answers before trading suspension is lifted. With the announcement of two new high profile employees coming on board, this is an ideal time to look at the company. I'd be much happier if the suspension is in place for as long as it takes to get all the ducks in a row rather than trying to rush things through.
One thing for sure though - the share price will either go to the moon or crash through the floor, there won't be a middle ground.
But, I can't sell the shares I have and I can't buy any more so I'll just switch off, enjoy the holiday weekend and dream of things to come.
I've not got a huge position in AAA and always looked at it as a binary investment. It'll either go to the moon or crash & burn, I don't see a middle ground outcome. I expect this news to be igniting the rockets but I've been wrong before :-)
AAA suspended ...........
Taken from Q1 report -
"Box cut, surface infrastructure and portal and decline establishment are progressing to plan with achievements as at
28 April 2021 including:
? Box cut excavation is ~90% complete
? Shotcreting of Portal Face has commenced, with ground support complete
? Batch Plant is fully commissioned
? Surface earthworks are ~85% complete
Activities to finalise the Water Management Plan for the early works program are ongoing. Newcrest is also
progressing the necessary approvals and permits that are required to commence the development of an operating
underground mine and associated infrastructure at the Project(26). "
From junior explorer to the verge of production is something most could only dream of. Look past one set of results to the bigger picture and think about where this is going
As much as I'd an update, the last RNS was pretty vague about timing - "is being completed and is expected to be concluded around the middle of April 2021."
If the exercise is concluded a week late and the company takes another week or two to digest the content and issue news, things could drift well into May before we hear anything!!
I see Chris Akers and Twitter predicting 100p by the end of the year. Having bought at 5.8p, I’ll settle for that if it materialises
I see Chris Akers on Twitter predicting 100p by the end of the year. I’d be pretty happy with that!
At 16.21 yesterday
"trouble is there's 15,686,274 new ordinary shares @12.75p just waiting to be dumped, so it's going to take significant good news to get past that, which is unlikely"
Keep 'em coming my friend :-)
"As predicted AcciesLad, this is so clear. KIngfisher margins can be 1/2 those declared at Howdens." - So what? Let Kingfisher trade at lower margins. They've done it for years!
"The company struck a more cautious note on the outlook, saying that so far this year, it is experiencing pressure from commodity prices, increasing freight costs and product mix, with a higher than usual proportion of sales coming from lower margin products." Good to see management engaged with the business and reading the market
"Management's plan to have fewer kitchens and more takeaway is the core issue." Howdens plan to sell fewer kitchens? Seriously?
"Management are letting Wren beat them hands down, watch now as Wren senses blood and turns up the heat!" New director pops £50k of his own money into Howdens shares - that shows confidence in a market leader. Let's wait and see where we're at at the end of the year - I'll wager I won't regret holding these
In some ways, if you know where the price is going, it really doesn't matter if you pay 21p or 24p. Presumably someone with the confidence to invest £200k in GGP knows that the current levels will soon be history
Don’t see Greatland anywhere
https://www.bailliegifford.com/en/uk/individual-investors/literature-library/funds/investment-trusts/portfolio-valuations/scottish-mortgage-valuation-31-december-2020/
I've thought that often enough over the last 18 months but if you look at the last year's trading you'll see that every peak has been followed by a dip. Look at Mid September to the end of November and the weeks of frustration when the price was held in the low 20's then the rise that followed. I'm more than confident that a similar pattern will emerge and the current levels will be history soon enough
General disclosure of price sensitive information
11. An AIM company must issue notification without delay of any new developments which are not public knowledge which, if made public, would be likely to lead to a significant movement in the price of its AIM securities. By way of example, this may include matters concerning a change in:
— its financial condition;
— its sphere of activity;
— the performance of its business; or
— its expectation of its performance.
Looking at the trading statement on 9th December
“ Guidance on gross margin is unchanged and the continued recent strong trading performance means that the Company now expects FY2020 profit before tax to be around 10% above the top end of current analyst forecasts*.”
I could see this running on to low £7’s but not sure if it has the momentum to push past that level. However, there’s lots of new products coming next year with ambitions to grow the branch network and upgrade existing stores.
The market loves Howdens and the profits it generates. Financial year ends 31st December and next trading update will no doubt boost the price.
Will there be a downtown post COVID when other big ticket items like foreign travel are available again had to be a consideration
I see Alan Duff on Twitter saying he's back in at 7.1p
Tweet at the same time as 250,000 share trade showing as a sell - presumably because of the difference between the trade price and the bid price?
How's a newcomer to trading going to stand a chance??
With somewhere around 1.3 billion people living in the country, India has around one fifth of the world's entire population. Something like 50% of the entire population are under 25 so it's a vast market for DEV to explore. There are 2 huge pieces of news to come this side of Xmas and I'm happy to add at this level
Not really sure what you're getting at.
Howden look to be bringing in folk from outside the business with a fresh approach which must be positive. A quick look at the internet will tell you that they're firmly embracing social media, Pintrest etc - again, a positive move.
yeas, covid will have an impact on this year's trading but I reckon they're well placed to continue to grow both UK and France