Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I don't expect a massive move. Happy to hold this and collect 6%. BT is tempting but I may use other funds for that.
And back up we go. Great day for those trading on the margins.
So celtic you now accept the numbers on lse, when they back your case but question them when they don't. I have no issue with the spread being 66%. It shows how illiquid this share is.
Don't have a finger. Just set a price and forget about it. Besides you must be loving the payoff on the betting companies today.
You read my mind.
Please do. I went all the way back to the 26th April. It was clear, over 50 sells to about 19 buys. The value was £12k in the negative. Don't hint at in priority, I used every trade record on this very site.
There is no manipulation. Its wishful thinking. If I was in an unloved share I'd also blame manipulation. Simply there are more sells and the value of those sells are higher than the buys. Day to day it will vary but as I posted at lunch you can look back to the last significant drop and measure the value of buys and sells and the sells outweigh the buys. At a market cap of £15m this company could be owned by a lottery winner. The big boys with their millions and billions are not shorting a £15m company. They are shorting Debenhams, M&S, BT. That's were they make their money.
In other news I'd missed that old mutual had reduced their short position on the 9th.
Interesting day, possibly some profit taking today. Which I can understand as I was temped to do similar last week at 630p.
Thought I would test this reality. Last time the daily price was at 0.25p according to the charts on this site 25th April. Because volumes are so low we can go back to that date. Using trades from this site 57 sells to 19 buys Value of those sell �27608.89 Value of those buys �14654.96 Cumulative value - �12953.90 No manipulation required sells outweigh buys not just in terms of individual trades but in terms of total value of those trades. Of course the price will fall when not enough buyers are in the market. I could only do this because the low volume of trades allows you to count back every trade to the last price drop. There was a small fluctuation even lower than the current price but it came straight back the next day.
You know I was tossing up saga and bt over the weekend. The dividend is very tempting on bt. 9% yeild. But the decline in capital goes back years. Finding the bottom of the curve is always tricky but decided to add saga to the portfolio for now.
Nice little earner by the looks of it. Shame I only noticed it recently. I would not count on an ex dividend drop. Bought hgm on ex dividend day and it was in the blue by the end of the day and +7% after 2 weeks. Saga seems to be an unloved share. Love those.
But will it fundementally make a difference to the sp as those asset value will no longer be on the balance sheet. What you gain in cash you lose in asset value and future income generating capital?
Do you reckon some already knew if they have been touting it around various banks?
Going to let pfc ride for now. Glad I did not sell up at 630. Just made a nice 5% on hgm, going to try saga this coming week. Lots of value to be had there and bt is tempting with 9% yeild
Oil near a peak price and still very few trades on this Share. You can call it manipulation if it suits, to me it just smacks of a lack of interest by the wider market. I learned some serious lessons from investing in RRL, the biggest being diversify your portfolio. If people are dabbling in stocks like RRL all well and good, you could double your money overnight but I would never go all in. So I hope others don't either. Other lessons are around historical profits (or lack of them) and debt levels. The harshest lesson was to cut my losses. I lost 50% of my investment and that was sufficient for me averaging down on a company that pays no dividend just seems nuts now I have a bit more experience. Since selling up I've managed to recover some of that 50% loss on other stocks, had I held that capital would have been halved again. I'm not a shorter and I hope people recover as much of their money as possible and this company actually turns a profit for once.
Whilst short term the higher oil price might suit the Americans, I'm not sure long term that they care. Most of the big oil producers clash with American policy so keeping oil low over the longer term reduces global influence for those dependant countries. Russia Arabian states, South American countries
Don't discount some of the more recent shorts being long term holders hedging against short term fluctuations
I'm across a range of stocks and they are all up today. Banking, pharma, gold mining, oil. I still think over 2 years this has capital growth. But I also think short term oil has peaked. So its more about taking a profit to try and get a lower buy in price or leave it and hope oil holds. Far easier to add money than to take it out. But im fully committed elsewhere
They all add up, but I'm hoping that the radio silence is due to work on large contracts which take time to finalise. Much of the lift from 580 to 630 is down to the oil price IMHO. I'll admit that at 638 I was tempted to cash in, but greed got the better of me as a big RNS could lift this sp even further. I just feel oil is at a bit of a peak, however who knows if and when it will fall and by how much?