focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
The share price has gone up 4 fold in 20 months so it’s had a great run. We (the PI’s) need to see the 2022, 2023 broker forecasts which should make this stock at 185 look cheaper than it appeared a year ago. The downer is I think that it’s only the house broker which covers this stock.
So it looks as though the Times shares tipster is saying avoid… Let’s see what happens… I bought shares in IPF a couple of years ago (at around 50p) and I was a little worried when their tipster covered them with an avoid verdict. On good results they went to about £1:30 in 7/8 months! Let’s hope it’s the same person giving out the advice!
The headlines from Carclo’s statement were good, positives signs going forward but the shares are down, (admittedly during a lousy market) why is this? I’m guessing that the statement of increasing the debt probably didn’t go down too well despite the fact that this money is being used to buy further equipment to meet the latest demand.
Secondly, the board gave a very positive speech but they didn’t provide any numbers for the market to digest.
Lemmink,
Just trying to get my head around the figures here and I’m probably wrong (!) but yesterday’s 40% stake in Bisi was worth £9.84M (40% of Bisi’s market cap). LAS has 85M shares in issue is wouldn’t this 9.84M over 85M shares equate to around 11/12 pence… I much prefer your valuation of 43p but I can’t quite see how you arrived at it… I’m a holder of Bisichi so very pleased with the results and contemplating buying.
Surely the divi will be reinstated..? Yes/No? Many industry (power industry) experts are expecting these sky high gas prices to continue and with countries putting old mothballed Coal Fired Power Stations back into service (to reduce their use of Russia gas), coal demand is going to be higher this year and probably next year than anyone would’ve predicted 2 months ago.
Not too sure where to go here… On the one hand todays developments are concerning but on the other the oil price has just touched a 7 year high which means that if ENW are still producing what has been estimated they are going to be spewing out a lot of cash…