Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Not sure if anyone is able to answer this really but would be great to know. Is it possible that we’re able to gauge what SP we need to hit before the 3 institutions shorting us close their positions? Or is it, how long is a piece of string type of question?
There’s always someone that pipes up, but it’s whether or not the majority believe it. This is exactly what we needed on the lead up to results. Even if it does rise by a few % today I’m not bothered. We’re all expecting good results so it will eventually come. 1 week to the day and I’m sure we’ll be having a different discussion. Hold your nerve if you can afford to, if not, congrats on the profit. All here to make money.
No one may have asked but I thought I’d share my opinion too, especially as I don’t think there will be many 21 year olds kicking around on this board. Majority of my mates go to University, they’re all still going out (Fresher’s week), all just getting their first loans that they will probably never pay back. Sure, a lot of that money goes on rent, but whatever they have left goes on holidays and fashionable ****. The market that boohoo aims at are to obsessed with looking good, even if that be at their own house party (which the new gov rules will entice). All students get UNiDAYS discounts, boohoo is on there at a 25% discount. They’re pretty much thinking they’re getting it for free with a discount like that, bulk buying... maybe send a few things back, but still good business. I do think we might see a drop but it’ll be nothing in the grand scheme of things.
Don’t get me wrong, I don’t believe there’s any leaks or articles coming just mentioning it’s a possibility (highly doubtful one), I’m more of the opinion that market is just a bit all over atm. Im on a few Facebook groups and some of the newbies have no sense of safety and stick high amounts of money anywhere to ‘get rich quick’. As you can imagine they come back a week later crying about money they’ve lost. The market has seen a lot of new members sign up, if you will, and I think the numbers of customers will retreat in a few months once/if markets do turn bad. That’s my reasoning for it anyway, not proclaiming to know anything at all. Confident of 350-400 SP come results however.
JD Up 6% due to positive RNS but I think it was originally 10+% but now people have taken some profit (always going to happen). JD have produced some good news given the COVID-19 struggles and this is mainly due to their e-commerce presence. Currently, other than ASOS, I believe boohoo is using the internet to the best of its ability. I’m not invested in ASOS but the only reason being is that their SP is quite high and don’t see too much room within it, BOO on the other hand has a larger potential to push north of what it’s currently at, so I’m simply invested here based on the value.
Wasn’t expecting this today but I guess that’s the fun of the market. A lot of companies down due FTSE and just general news a chatter. It is a possibility that news is being leaked about anymore articles/outcomes of the investigation or even result news but I’d hope not. I’m still pretty confident that results will be good, if it had a few more bad days I think it’ll be time to buy some more but I’m long. People get really fearful when there’s a bad day on the stock market in general.
Going to an interesting few weeks here for sure, would be very surprised if results were anything less than forecasted. I know the company has been hit by a series of news articles pushing negative news but at the end of the day the company is always going to bounce back from it, especially given its stature. I’m expecting good results (might be foolish, hopeful, but I’m confident). As the days go on we should expect to see small but constant rises as FOMO comes in up until results. Not predicting what price I see the share going as that would be foolish and I’ve not got a lot to back it up!
I think we should also have a few minutes silence for Hardcore1. I sincerely hope I never have to meet this people in real life, it must be hard to keep all that bitterness, or stupidity, inside.
Hahahahahahaha Goldy, hows that investment in Rolls Royce?! It’s a shame people can’t fully read an article, they see the headline and suddenly become incompetent. If you are one of those, please do sell your shares, they’re much better off in the next person’s pocket! Friday entertainment at its finest.
My average is 280 also, if you’re holding this long term then I wouldn’t take the outlook of that being in late. It’s when it gets to 300’s people will be thinking **** it was 200’s last week now I’ve missed the boat.
Not as jealous as me! Still in here at 280, hopefully you won’t be able to get a price like that soon enough though. Surprised it’s moving up so quickly today on what is pretty much neither positive or negative news.
Wouldn’t class anything under 5% a drop really. This won’t move until positive news or an RNS, people still haven’t caught on that this is so undervalued especially when compared to ASOS... time will come but don’t expect tomorrow or next week. Back end of the year is a possibility.