Member Info for Alas_Smith

The backward simpleton investor in me feels yes, but the future facing idiot is not quite so certain. Yes, things need to be built, population will expand and technology will evolve. But so will our realisation that we must reuse the elements of worn out things that can be reused. Old circuit boards have metals (and a lot of plastic) that should be recovered and reused.

Miners, well, the canny ones will probably grow by the evolution into recycling. Sure, it is dangerous, but different danger from say collapse or seismology. Material is already pretty well refined but just needs to be converted to ingots. And although high capital cost, once up and running has high margin.

New material will always be neded to bring the purity levels to consistent grade and crushed and powdered scrap is good for aggregates, bindings and fillings.

With the share price having run out of steam, I have been taking the opportunity to drip a few more shares into a portfolio. My focus is in building SIPP for succession planning

I have chucked a bit more cash into the melting pot today. The company was reviewed in todays edition of Investors Chronicle with a "buy" rating.

It reads well to me, full of bounce and positivity. Will the broader market concur?

I disagree. The acquisitions are just starting to make some impression to the accounts NOW but should in time benefit shareholders. Mr Market is not exactly fizzed up with todays statement hence the small markup to Fridays close.

It remains in portfolio for time being but I see no compelling reason to increase or reduce my holding.

The sale was for personal reasons….. divorce, distribution, death etc. Not sure there is anything sinister in this disposal, but we all have different perspective, investment horizon and decisions

Shareholding (whether short sold or owned) under 0.5% is frankly neither here nor there. Sure, a holding of 3% (or greater) is deemed to be of interest by the regulator but for the ordinary PI short selling positions UNDER 3% are usually noise. Above 3% and it tends to give a very strong message to look at the company, the sector, the market and external influence, the most important of which is probably geopolitics followed by health and then climate.

I will probably need to average my holding up to maintain something equivalent to 1.5% weighting in my portfolio. It can wait as I am in no hurry.

My buy order was executed.

I've placed a limit order to buy. It might or might nor be dealt.

City is not in a forgiving mood.

Looked fine to me. City is somewhat harsh but quite what they want these days to mark the price up is a guess.

Buy the rumour and sell the news.

Bit harsh to wipe so much off simply from the IT recycling side. But, hey ho.

FWIW and at the risk of muttering to myself I continue to accumulate. Don't think there is any immediate prospect that my holding is notifiable :)

OWLS, 20-30 years ago, I think I would agree with you wholeheartedly. Do the opposite and capital growth assured. I renewed my subscription as they seemed to have better financial journalists able to use slide rules.

III, for me remains a hold in MY portfolio a BUY for an adventurous investor and an ignore for a "trader". I am supercilious enough to suggest I am an investor with a horizon of a FURTHER 30 years before I finally peg out and will, once I need to rely on my investments for income need capital growth as well as income to take advantage of investments made decades ago.

That aside, investing when the SP is at an all time high needs a little more research. Momentum.... bullish managers... excellent returns for decades..... growing distribution of profits.... yep is a weak buy now, and a stronger one if the price does not stray too far from the trendline

With interest rates that have risen again (but IMO have peaked), I suspect that this will help RFX (and their clients that need some support), considerably.

the government does have a golden share from the time when it was british aerospace. it is a strategic industry, rolls royce is another company as, i believe is bab****

It might interest you to note that the WHO have stated that the pandemic is over.

https://edition.cnn.com/2023/05/05/health/who-ends-covid-health-emergency/index.html

Well, in the most recent report, I note that there are board changes in progress, some complaint about market abuse by airlines and comment that first qtr trading period tends to be depressed. Well, we are now approaching summer, Easter is over, there are 3 UK Bank Holidays this month and although the disruption caused by Covid 19 is largely over, the penalty of high inflation has concern on possible impact for the "bucket and spade" brigades and holiday plans.

The likes of EasyJet, Ryan Air, Wizz and many other budget airlines is that they have all started to muscle in to offer holiday packages.

As the blunt instrument, interest rates to control inflation, seems to have peaked, I would expect inflation to fall rapidly from next month onwards, but the cost of living crisis has yet to be measured and assessed by the board. That is the uncertainty and, quite rightly has caused the SP to fall to current level. The SP may fall further, but that is a risk I am prepared to take as I feel that the broad mood in Europe is to get on with our lives in the aftermath of Covid 19. Of course, Mr Putin and his Russian Ukraine ambition is not helpful.

I have been watching this company for a few months and have today dipped a toe in the water. Time will determine if this is wise or not.

Chelsea11, I suggest that the core demand for Begbies is in re-structuring companies (or winding them up) and this does not appear to be much changed from previous years. I accept quote from the statement that you reference to be valid, but MY interpretation of the numbers seems to point to little growth from either acquisition or managed

Of course, I am quite willing to be proved wrong, but pitching for growth through acquisition MIGHT be very beneficial in the medium term (5 years) and beyond. I believe it to be a distraction in the current market

Ftseexplorer, in common with you, I share concern on the expansion of service through acquisition policy when activity from core business should be in high demand.

Another distracted purchase which MIGHT be beneficial in the decades ahead but WDIK? I guess that investors will discover more once results are published and the notes which accompany can be subject to scrutiny. Some accountancy business tend to use weasel like tactics to conceal information

driftking27, at the risk of sounding impertinent, investors have many different objectives, timeframes and attitude to risk. Me? Well I target capital growth and my tolerence to risk is HIGH. For me, a dividend is a welcome bonus. My time line? Well as I am in my mid 60's (my wife is a few years my junior) and we both fully anticipate living until in our 90's, we have a timeline of 30 to 40 years. Exactly the sort of timespan that is appropriate for the level of risk.

There are few jobs that will be "safe" as Artificial Intelligence or Machine Learning coupled with robotics is probably the future. As a broad and sweeping rule of thumb, the Northern Hemisphere has the brains and the Southern Hemisphere, the resources. Poor old piggy in the middle will suffer, either through famine, conflict or disaster.

This "old school investor" knows that I will get things 80% right with 80% of my chosen investments, I also accept that 20% of the time these "good" investments will go sour and some might go bust. But, this investor HAS to always be on the lookout for new investments as, first, you don't get rich by not banking profits, second, sometimes a duffer is picker. third and probably most importantly, is there a better place for investment to be made.

There are many other things to consider, of course, but simplicity helped me 5 decades ago.

As we are drifting away from the business of RIO to advice, a field in which I am neither qualified nor authorised to give advice, I shall confine my future comment on this b.board to the business of RIO.