Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Nervous the same thought occurred to me. I do not believe in coincidences. Given an opportunity for somebody to get a foothold at a cheap price.
BTW I have all the same shares with the exception of Phoenix who I had a pension with. They were blo*dy awful; could not provide accurate valuations and when I wanted to sell they could not guarantee the prices. I switched to Interactive Investor who are better but pretty average when all things are considered. BATS and IMB have been fantastic lately. Yield is now a consideration again while momentum stocks have rightly been reevaluated.
I shall make a bold prediction: Tomorrow your GSK will fall and your Unilever will rise, especially when the US market opens. Mean reversion will give you the opportunity to feel good, bad or indifferent once again.
Norrab, agree with you totally. There is an awful lot of revenue for PE to syphon off. Just think of all the cost savings. Borrow like crazy against the assets, goose the numbers and when it is all going to turn to sh*t have an IPO and retain an interest in the Crown Jewels. If that is not an option try a SPAC. Tried and tested formula beloved of Wall Street's finest viz Blackrock, Bain and KKR. God bless capitalism!
Nervous, sounds like a perfect hedge. Status quo maintained. You can feel good or bad depending on your mood. I jumped in to Unilever today since the move seemed excessive. We shall see what the future holds. Perhaps the mirror opposite of yours?
Gary I assume the T is short for toss rather than tea.
I have read this mornings chat with some amusement and return again to the subject of the windfall smash and grab raid proposed by HM's opposition. The excess profits garnered by Big Tech, Amazon in particular, during the pandemic, outstrip those earned by the oil majors. The same can be said of certain pharmaceutical companies that produced vaccines for commercial gain. To single out UK domiciled O&G firms would represent a monumental misdirection. If we are to increase taxes to balance the books, I use the term in loosest possible interpretation, let us have an adult discussion and transparency. Government policy and short-term quick-buckism led to the fiasco of 26 suppliers going bust. Energy is a capital intensive, long-term scale business rather than the government's piggy bank.
Successive PMs have targeted banks and energy for special treatment while allowing Tech to escape scot-free. Furthermore, their dubious accounting policies to avoid taxation have not been challenged.
The chasm in government finances is so vast the whole system stands at the edge of the abyss, as do all other western economies enthralled to neoliberal ideologies. Our annual fiscal deficit has exceeded 5% for decades and we have achieved only 5 positive years in the last 50. To state the situation bluntly, the UK and the whole world, is f****ed. We rely on an ever increasing debt pile generated by governments and central banks that are morally and financially bankrupt. This is the legacy of substituting sound money based on the gold standard for the probity of politicians. Eventually the mountain of debt will collapse and bury us all.
Re the PM being a 'big dog'. I am a dog lover but note they have some peculiarly disgusting habits. Notwithstanding their predilection for sniffing crotches, dogs tend to eat and roll in s**t and copulate with anything vaguely resembling another dog. The analogy appears to be apt when applied to our own beloved leader.
Plato, your analysis assumes that the masses can be easily manipulated, that they are stupid and don't deserve the right to self determine. However, large parts of the country expressed a logical dissatisfaction with mass immigration and multiculturalism. Moreover, traditional working class jobs have been demeaned since the 1970s viz coal, steel, manufacturing. Since the millennium Blair's open-door policy Britain has effectively imported its working class thereby restricting wage growth. Menial and low skill work has been undertaken by migrant labour for decades eg fruit picking, hospitality and assembly jobs. Assuring people living in a dump, surviving on benefits that they will regret leaving the EU fell on deaf ears. How much worse could it get? Post Brexit, low wages and job availability have increased demonstrating a rebalancing of the economy.
The argument is nuanced rather than a leave-bad, stay-good dichotomy. One could equally argue that the media, academia, the government and foreign press were all squarely behind remain, and that the British people decided to paddle their own canoe as the Greek, Irish, French, Swedish and Danish people had also done previously, only for their votes, expressed via referenda, to be disregarded.
There are positive and negative aspects to Brexit and it is far too early to judge at this stage.
At this price the share is either a tremendous bargain or a value investor trap. Given the level of my exposure I hope the former is true. It does not take much for gold to spike and Poly will benefit disproportionately. GLA
I am amazed at the change in sentiment on this board in a relatively short period. A month ago the Nay Sayers were in the vanguard. Now however, positivity is ubiquitous, accompanied by ambitious targets and schemes regarding purchases made with the as yet unearned profit.
As a holder of over 100K Llo shares in two tranches I am delighted to be back in profit anticipating a decent dividend following some pretty bleak years. However, the sceptic in me cautions that things are never quite as bad as they appear nor as good as you hope.
Personally I hope to cash out at circa 68p. GLA and enjoy the weekend.
Victor, this solution has been mooted before in respect of dairy cattle. Also in Mad Max Beyond Thunderdome, the city is powered by methane collected from an underground a pig farm. With thinking like yours you should have a job in a government think tank.
Skier, your argument appears to be; Boris may be flawed and dishonest but he is markedly better than the alternative. Surely we can aspire to more than Hobson's choice? Do we not deserve better from politicians who govern in our name paid for out of our pockets? Is the rot truly terminal? Am I naive to hope that there are individuals guided by a desire to serve a higher purpose, prepared to observe moral codes that most decent people accept as universal. Bright people can govern with proportion and restraint rather than dissembling, grifting and promoting their own personal interests post office. Westminster has become a den of thieves. They started selling questions and have now sold their souls, "Corruptissima re publica plurimae leges", the greater government corruption, the more numerous its laws (and inquiries), a quote from Tacitus of which our maligned PM is cognizant.
I also read the article in the Guardian. It is an obvious sop to the masses by penalising a minority. Why hammer O&G while the Titans of Tech pay sod all tax while acting as a recruiting sergeant for extremists, put bricks and mortar retailers into bankruptcy, infringe copyright laws, enable crime, encourage teenage girls to commit suicide and abuse the trust of customers who use their platforms? Oh I forgot Google paid for George Osborne to attend the Super Bowl with his son and Nick Clegg is Chief Apologist for Facebook. Intellectual and financial capture. Plus ca change.
Stockready, another consideration re WT is the inflationary consequences. If increased taxation leads to higher consumer bills resulting in more demands for yet greater corporate tax taking, the government effectively fuels a cost price push inflation cycle, thus undermining its own stated objectives.
BP was subject to a smash and grab raid by US authorities over the Deepwater and refinery fires. Shareholders have taken a pounding. If our own government undermines the company viability further it may become the target of oil majors elsewhere.
BP is a British success story that provides an essential commodity, despite all the green pabulum spouted by neophytes using laptops and mobile phones reliant on power delivered by the very thing they wish to outlaw using rare earth minerals in their batteries resulting in immense amounts of pollution. Our lifestyles require reasonably cheap sources of fuel.
Marks is certainly creating some sparks at present. The mood music seems to be universally optimistic. I visited the website to assess how the clothing offering is going today. The sale seems to be sold out of anything in a reasonable colour and a middle size. Perhaps the clothing division performance will be the real surprise when the results are next announced? I hope so. About time.
Thanks SS that makes perfect sense now. We are mushrooms in the dark after all.
20 months ago this share hit 86p. A little over a year ago it was sub 90p. Since bottoming the price has almost tripled. At its nadir I was nursing some impressive losses and held on because the alternatives were too depressing and I had faith in the fundamentals. If the dividend is reinstated surely there will be a wholesale return of institutional investment interest. The hard done by patient shareholders are worthy of some return. Has there been any news on this topic? I am finally making money on this share which was purchased originally for income. However, if you look in real terms, by taking inflation into account, I am still under water. At least the horizon looks rosier and the BOD appear to have got their act together finally while competitors have gone bust in droves. I await return of the dividend and a £3 price eagerly.
Skier I made precisely the same observation last year which was equally ambitious. Asperger informed me that the whole game was really about giving money to charity and that most people made lavish predictions fully intending to donate. From memory only 2 bets were below the year end price and most bets were 50% above that level. Hopefully this year the mean value will be closer to the truth. Next year Rodney......
Surely you mean an unknown unknown as per D. Rumsfeld? I suspect an unknown known is a non sequitur unless you consider Freudian subconscious. Am I being thick or have I got the wrong end of the stick?
In retrospect I wish I had the guts to double down when the share price hit 44p recently. What an easy and short investment that would have been. However, if I had this weekend's winning lottery numbers I'd buy a ticket.
LLoyds flying earlier but taking a bit of a breather currently. Will it get its second wind when the US opens? Financial stocks in the UK look well fancied today. Will the great 50p Friday debate be reignited in the first week of the new year? Highly likely I suggest.
Falky has proved to be a decent chap previously. Allow him the opportunity to honour his bet.