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Littlened. Today we are nearly back to all time low and after nearly 8 months after the new investors stopped a deal nearly double the existing price, you have to question what are their motive. I've always said they want to buy this on the cheap and this may come true as we get closer to August they may just put a bid in for around 8p. I hope not as many like me would be looking at a loss . All seems very strange to me.
Littlened . that's ok you can buy some for me and support the sp if you can. Auctus can say what they like but reality is this companies value underperforms. If only my portfolio was valued at what brokers and finanacial intuitions say I would be able to retire . I see the sp has dropped below 8, just what the investors want.
I agree. One lot of muppets for another in charge. I have reduced my holding some time ago but like legache still have a large holding. I have little hope of recovering my losses as each month/year goes by this company doesn't improve. Not to sure what the new investors saw in this company apart from wait one year and buy it out for 8p.
Well I got this wrong with Fres going into the 6 pound mark and Powell hiking rates even more. I shall be buying back the other half of my holding tomorrow. I think the fed have to much confidence in their economy. Debt and housing are markers for a recession and one is rising and one is declining. Jobs data can be misleading as many jobs available are in the wrong sectors.
Results are what I expected as previously Fres has a bad habit of this. I don't see the sp falling to 680 as the recent bearish trend anticipated this. Fres needs its commodity to rise quite a lot to offset rising costs, I think this will happen in the coming months as US data starts to feel the pain of rising rates. Powell knows this and will not be as hawkish on rates as many would want.
Mixed data results out of US. Housing and manufacturing are slowing down. Job vacancies continue to do well but most of these jobs are in the wrong sectors. I bought back half my original holding on Monday. I think spring for me will be the start of pm miners come back.
It's Groundhog Day. I know exactly how bill Murray felt in this film. Nothing has changed guys. Same old rubbish. Focussed on delivering a new vision? Where is the strategy and shareholder return. Why mention Egypt currency, is this going to show in full results that cash flow in Egypt is down so get it out now to cover themselves. No trades today and why would their be.
CDF1 For me they have many issues that they can't seem to resolve under the helm of Rahul. Debt not reducing down, not enough oil coming out, not great drill results, not great communication to investors, hegding and selling assets to cheap and so on .Last two years have been boom time for O & G companies but unfortunately not here. I do have a long position invested in here which will go in the bottom draw. I made that investment some time ago so hopefully this company will turn itself around, not to sure about it under existing management. For me HBR is starting to look attractive even under new tax regime .
Yes. Fres is bearish trend continues. Glad I sold out, albeit later than I wanted. Will be looking to buy back soon around 740 to 750. Carbyer said trend is his friend, if I was him I would find better friends. Sorry pal.
Kicking myself for not opening a short position in this company, as have done previous and done ok. Not to sure if this bearish sp will continue but one thing for sure as long as Rahul is in charge their is a high chance. Just think I may have missed the boat for the bigger return. What ever happened to this company.
Littlened again I hope you are right. But their is many reasons to your post why this company underperforms. Why would anyone invest be either large or small investors in a company that has no strategy and goes silent after major changes. As I have said before analysts views should not be the reason to invest or stay invested . Company history, balance sheet, shareholder returns and the board itself going forward are the reasons. To me this is still a high risk bottom draw share. As I said recently their are good gains to made elsewhere so why park your money in a share that does nothing.
Short term Fres holding out with a few other pm miners. Gold was due a pull back and with the data out of the US this happened. If these miners can hold out to the spring I think gold will turn around. US may grow impatient with inflation not coming down fast enough and be more aggressive. This to me will be good for pm prices and the Feds mistake. Miners can lead the way before the commodity changes direction as investors look towards the future, so if gold continues to fall short term and the miners are not , that may tell you something.