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All true………I am wagering that this won’t remain on the market long……..it will prove a tasty morsel - at worst …….for PI’s, if I am wrong re timing, more patience required.
And Impala down 6% on great results. So what’s happening is that the PGM stocks are trading in line with the Platinum price which is down today.
Only conclusion is that someone must be desperate to get out
Might a drop in share price be extremely bullish were a share buy back to commence?
Telling it like it is as expressed by the management surely helped precipitate this steep correction?
As for the chip shortage, I am no expert but often these news items resolve quickly, hence studies show that investors without access to news do better. Whatever, fundamentals here……I.e. numbers are compelling.
The 5 year chart does look like a cup and handle but I have been let down by such sightings previously. The short term looks bearish but the candles of late indicate support IMHO.
Couldn’t resist a top up……this is the worst performance of all Pgm I monitor. Can’t see a logical reason……….although I must admit there is no respite indicated in the cart. Literally catching a falling knife after this performance. Sept results beckon. Maybe a divi?
Should read Kumba previous message.
Sa mines going cheap. Look at Impala Paltinum on the JSE…….7% div yield low Pe. Kamba, 17% div yield low pe. Thungela on LSE too……1 Pe and div probably over 10%. Possible re rating of all to include Sylv and Jubilee if commodities return to favour and outlook in Sa continues to improve.
Hardly a collapse but should follow pattern of previous ST buy tips and return to where it started
Interesting that Investec is inceasing its shares. Ft commented some time ago that PE may come for this. In the mean time the DIvidend pays you while you're waiting.
Nearly missed director purcase on 6th August. In fact I just noticed it when I was looking to see the date of the trading update last year. I see this was on the 12th August. This director must have just krept in before the closed period so I am expectinng good results in September. This is a bottom draw hold for me at the moment. Business is highly scalable and I expect good growth long term.
Following in steps of Vectura?
Buy for post COVID recovery or possible takeover.
Next quarter should be better?
Perhaps Simin Thompson will ride to the rescue with some bullish forecasts.
Seems we get the downside with sliding oil but none of the upside.
True……although also massive volume spike today and earlier this week……could indicate selling done……or almost done ?
Plenty of support at 100p…….
Look at the long term chart.
Is it Sa or is it Rhodium or simply someone reducing?
Should bounce from here.
Me too……
Other Sa stocks not dropping so seems was a large seller here. Sibanya up on JSE today. THungela, Jubilee, Pan Afr all looking stable. Here we down 20% this week. Surely it’s a strong buy even if only for bounce to 120