Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Savage stated the following
27 Mar 2024 12:36
Afternoon Mandy, sadly I've no £60k to place trades, if only!... I am but a tiny spec/amoeba, smaller even than a wee minnow in this vast ocean of traders...
I place infinitesimally small stakes (£0.5-£1.5k tranches) where I spot there may some gains to be had, by placing long trades (well mid-term really), using my salary income, in a desperate attempt to bolster my savings pot towards our house deposit (my wife also trades too)!
So far though we've been consistently beating bond/savings accounts by a considerable margin with ~7-20% returns from our positions (with just a couple of losses thus far). I began trading in late Dec 22
Key point is' with just a couple of losses thus far'
But in the past week, he said 'AimMaster2018 - Good Q... I actually haven't yet made a loss (trading since Dec 2022)'
Could you clarify please imho
..2022 is unverifiable and could be a lie along with all other lies on other boards imho
It seems talking the talk is easy lol. If one makes few trades and makes profit. You'll know exactly when u bought, sold and what profit was made from memory. For someone to believe it will hit 1.60 from when the price was just under 1.30. At no point would u have sold when the belief was there that it would hit 1.60. To say you've sold means u were ramping and didn't believe in what was ur target sell price that u were telling everyone it would reach. SP today is at 1.05. U failed on what u believed was 1.60 target price in short order. U failed to highlight and verify claim you sold when ur time history states otherwise. Then to go from sp target from 1.60 to now below £1 Indicates your claims of not making a loss since 20
Savage :
AimMaster2018 - Good Q... I actually haven't yet made a loss (trading since Dec 2022) but... I absolutely do expect to book losses and I'm not taking anything for granted. My wife has booked a loss on Synthomer though, quite a sizeable one but not outweighing her other profit making stocks which saw her through.
How can someone who says BT shares won't be sub 1.30 for long and will bounce to 160-65 but share price has been on downtrend. If sub 1.30 was good enough purchase price for him. If he had sold. It would have been at a loss because he would have held for his 1.60 which never happened. So how can he claim he sold at a profit lol. Imho
Savage response was:
I purchased last year yep, sold the whole stake for profit... waited... bought back in again this year 👍 - only a small stake though and I plan on buying more on these upcoming dips.
IDoMyBest did further research and found the following through Savage history after pointing out the following:
Seems strange that you would post this the day after Boxing Day, if You had already sold all of your holding.....
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27th Dec
"Correct, you have to be holding the shares at close of business today to be eligible for the interim dividend payment 🎅 - lots of reasons for positive moves on BT SP these coming months ahead!"
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20th Dec
"SOM - You'll want to top up before SP rises up to £1.60-65p ;-) - the bull run is on the way!"
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I'm puzzled, is it really that hard to admit it.
Please, do save me the time and point me in the direction of where you posted that you had sold and taken a profit. I can't seem to find it. ;-)
Further information: by IDoMyBest on bt board regarding Savage:
Savage.....bought this year?
Come on, you can admit you bought well before, and well before current levels. The posting history doesn't lie.
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15 Dec 2023 - 125p
Get your buys in while you still can for sub £1.30p as SP will not be staying down at these low prices for that much longer!
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8 Nov 2023 - 121p
Since it's fallen down to the current levels I've restarted my process of buying again but... this time I plan on buying many more tranches and holding them for far longer.
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19 October 2023 - 116p
I think you're absolutely correct on long term hold however, this is about to move sharply upwards imo for several reasons... Incoming revenues are inevitably swelling and making it easy to service debts. BT is seen as a safe equity, a healthy and stable divi return, plus it's deeply embedded culturally as well as its infrastructure. These past years big investors have chased bigger returns in start ups/crypto etc... I think a trend of buying up safe and stable assets is about to begin, as large funds seek to re-evaluate exposure and shield themselves from risks.
@IDoMyBest Savage claimed on a different board that he's never made a loss. This guy sounds like he lives in a cuckoo land imho
Took this from BT post by pokerchips highlighting SK's share price predictions on BT.
"Yes pokerchips, seems my 165p prediction was incorrect/premature"
"I think we'll be seeing 114p+ shortly."
" IMO We will see sub £1 this week."
Savage
Well , whatever crystal ball you are using ...I think you need to get a refund... it keeps sending you very different messages
🤣
Sorry but I can't take SKs comments seriously anymore lol 😆 imho
Pokerchips, are those all. savages prediction? Lol.
The cuts likely to increase profitability and margins and fcf. And efficiency will propelled the share price higher in good time. Imho
I think capita is more of a defensive stock. Guaranteed revenue operating in areas that is needed and will continue to be needed. The valuation has contracted near to all time lows. The vision to be established in capita matket day.
Oh no SK. Everything's going to crash. Even your first BT plc investment since 2022. Could register first lost on ur first trade in 2 years imho. My question is, if u see pound dropping. Why have u invested in BT? Lol contradicting to what ur saying here. Imho
No opinions is wrong until it plays out before you can confirm it's right or wrong. If you were right by buying in, you wouldn't have been sat at a loss which means at present, you would be wrong with your chosen buy price since your at a loss. My opinion is that, this has further to drop. Savage highlighted upcoming macro factors is going to push the price down further. Short rising gradually is betting further downside plus cost increase and large labour force yet to be baked into the accounts likely to affect profitability. Short to medium term I see 80pish imho which I'm waiting for
With excess staff, increase in cost to account for infrastructure spend. Trading update to come for me is worse is yet to come imho.
So we're expecting share price to be well below £1 next week. Imho may take few trading updates before we can confirm the cost is controlled. Could see 70 to 80p in short to medium term imho
@bigtimebilly
https://www.fool.co.uk/2024/05/03/heres-where-i-see-the-bt-share-price-ending-2024/
Https://www.fool.co.uk/2024/05/03/heres-where-i-see-the-bt-share-price-ending-2024/
Https://www.fool.co.uk/2024/05/03/heres-where-i-see-the-bt-share-price-ending-2024/
Savage_KeyboardR:
'Some Macro's are going to coincide next week which I see pulling down a number of LSE stocks... UK House price, construction and Internet retail results, is going to make contact with a Tory party digging in and BoE holding rates... I think it's going to cause mayhem as holders begin to really understand the true depths of the UK's woes. Shorters are going to be out in force making a stack of money on driving some vulnerable equities into the ground. All imo DYOR.'
Https://bidstats.uk/tenders/2024/W18/821756202
https://bidstats.uk/tenders/2024/W18/821756380