Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
When Novacyt was around 130p in February HARBERT EUROPEAN GROWTH CAPITAL FUND sold over 5 million shares to lock in a profit. The price kept going down to 100p for a while and recovered after the redistribution. That fund did not take into account that Nova would hit 500p. 2 other private investors exercised their warrants of Nova at 45p prior to that also sold at 130 to 190p and put SP under pressure for a while and then it recovered.
So same here now with synairgen. Need to be patient and not look every hour at the SP.
Link to daily covid testing numbers
https://ourworldindata.org/grapher/full-list-covid-19-tests-per-day
As have said in past due to low testing levels the reorders are low as of now.
SP has surged must faster than current sales. Gradual rise in SP would have been good and sustainable and avoid ups and down of 20 to 30%.
So about 60 to 66M profit on 66M shares outstanding. Please do the valuation if even £3 is justifiable as of now. I was hoping the US sales figures was whopping to take it to £150M but overall sales figures including Europe tie in is low at £90M. Long term when sales are confirmed at £5 or £7 will be totally justified in June/ July.
If they had the antibody test it would have lit the fire.
https://ourworldindata.org/grapher/full-list-total-tests-for-covid-19
Press blue add country icon. Delete all countries and check one country at a time to get idea of testing done. USA big 4 are producing their own test including Thermofischer in UK and Europe.
Picked up 50K CAML now for 144p let's see. Was lagging compared to other copper stocks
Happy for you guys all ya portfolios rising last month. Everyone needs a break. However sometimes this can be taken as an opportunity to sell when there is contrarian move just like buying when all are selling. Exception may be copper related stocks based on your explanation Ken.
Sage my synergian topup at 54.5 yesterday is negative today and short term possibly. Can afford to lose due to cushion. Picked up more now at 52.6.
Did not go for any DT today thinking market would drop with US job numbers. Markets said SURPRISE :)
US economy shrank by -4.8% in the first quarter -- the biggest decline since the Great Recession (GDP fell -8.4% in Q4 2008)
The worst is yet to come. Q2 2020 expect to be -35%
Snap reaction
Here’s some immediate reaction to that GDP reading. Richard *****, UK managing director at Charles Schwab, said:
The market was expecting disappointing data, but a 4.8% contraction is still alarming and will have ramifications which long outlast the current lockdown. President Trump’s pledge for 3% growth in 2020 is barely more than a happy memory from a previous time, as the COVID-19 crisis has wreaked havoc on the US economy.
It is very likely that today’s Q1 data does not fully reflect the economic free-fall that began late in the first quarter of this year, and second quarter GDP reports will show even worse figures. At this stage, analysts, economists and investors are essentially flying blind in trying to gauge the ultimate impact of the virus.
Mohamed A. El-Erian
?@elerianm
Worse than expected drop in US Q-1 GDP — at minus 4.8% —is indicative of the huge economic hit. With the shut down not reaching critical mass until the start of the fourth week of March, quick back of the envelope calculations suggest the Q-2 contraction could be as large as 40%
As have said in past due to low testing levels the recorders are low as of now. SP has surged must faster than current sales. Gradual rise in SP would have been good and sustainable.
So about 60 to 66M profit on 66M shares outstanding. Please do the valuation if even £3.5 is justifiable as of now. I was hoping the US sales figures was whopping to take it to £150M but all sales figures is low at £90M
If they had the antibody test it would have lit the fire.
Ken you were 2.3p away from bringing out your Puma hat, Adidas shoes and Primark socks.
Kaz decided to spare you the gourmet brunch :)
I always keep buy limit very low taking into consideration the risk reward ratio.
Had 80k buy for Novacyt at 400p . MM gave only 30k worth at the first drop and sold at 413p.
Ferguson plc doing well with builders starting work.
Have a feeling they will take down Kaz at open today copper still in red from yesterday. Good buying opportunity if it does for DT. Have buy orders for 387,386,385p
Having said that you know Kaz better
Worthwhile buying some IAG in May 3rd week.
If the rich cronies of tax evader Richard dont bail him out then it will be over for virgin (sad for employees). May boost IAG then. United also on the brink on other side of pond
https://m.khaleejtimes.com/business/aviation/richard-branson-seeks-buyer-for-virgin-atlantic
CAML disagreed and up 5%
Billy it's in their analysis if you log in. Simplywall street analysis I have followed for last 7 years
KAZ Minerals undervalued compared to its fair value and its price relative to the market?
Analysis Checks 4/6
>50%
Undervalued compared to fair value
Below Fair Value: KAZ (£4.03) is trading below our estimate of fair value (£16.44)
Significantly Below Fair Value: KAZ is trading below fair value by more than 20%.
PE vs Industry: KAZ is good value based on its PE Ratio (4.1x) compared to the Metals and Mining industry average (7.4x).
PE vs Market: KAZ is good value based on its PE Ratio (4.1x) compared to the UK market (13.5x).
PEG Ratio: KAZ's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio KAZ is overvalued based on its PB Ratio (1.1x) compared to the GB Metals and Mining industry average (0.9x).
Earnings vs Industry: KAZ earnings growth over the past year (12%) exceeded the Metals and Mining industry 5%.
Ken here is a decent article on simply wall street. Free login in case I am not teaching ya to suck eggs :). Their analysis is good at times. Still they work out a fair value for KAZ at £16.44 !!!! Big smile I see there.
KAZ Minerals has a better ROE than the average (15%) in the Metals and Mining industry.
Materials/LSE:KAZ
REWARDS
Trading at 75.5% below its fair value
Revenue is forecast to grow 4.92% per year
Earnings grew by 12% over the past year
RISK ANALYSIS
Earnings are forecast to decline by an average of -0.6% per year for the next 3 years
Debt is not well covered by operating cash flow
High level of non-cash earnings
Highly volatile share price over past 3 months
https://www.google.com/amp/s/simplywall.st/stocks/gb/materials/lse-kaz/kaz-minerals-shares/news/should-you-be-excited-about-kaz-minerals-plcs-lonkaz-26-return-on-equity/amp/
Had held my IAG 46k shares bought at 215.8p on Friday and sold first thing now average around 225.5p. Looks like IAG is range bound and fluctuates in this range and will not cross 230p near term. Wizz air opening did not have major affect.
Article touches on few important points
Amazon exemplifies another dominant trend, the premium being placed by investors on the acclaimed winners of an even more winner-take-all economy that might follow this downturn. Amazon’s $1.2 trillion market value, in fact, now accounts for more than 40% of the entire value of the S&P 500 consumer-discretionary sector.
The way the S&P has returned to 2800 doesn’t truly suggest that the market has rushed to anticipate a roaring economic revival.
If stocks were handicapping such a quick resurgence in the economy, one would expect “early cycle” groups such as autos, banks, consumer durable goods and retail to lead the market. This is the opposite of what’s going on.
https://www.cnbc.com/2020/04/25/making-sense-of-a-stock-market-just-16percent-off-its-high-while-a-pandemic-costs-26-million-jobs.html
Best wishes to the survivor against all odds -Day. Lifting my mug of coffee now, for your Good health and enjoy another fabulous sunny Birthday. Hope they find the vaccine real fast to help disadvantaged fighters in this world like you.
Sad to see so many hospital staff die including porters, theatre assistant and 2 days ago the 2 young twins who were nurses. Those americans who are raring to go must be left to die if they end up in hospital. Never have so many medical personnel died outside of war zones. Difficult to see the light at the end of the tunnel. Singapore, Japan have resurgence of cases and hooray china is free of infections other than """""""imported""""""" ones after exporting it in plane loads worldwide the feckers in CCP.
For a good laugh with thoughts of Dr.Beck while Trump spoke
https://www.facebook.com/groups/futrump/permalink/1484157915109686/
George sympathise with your past market loss due to flash crash or criminal manipulation. Bustards always get away and one cannot hold anyone responsible and recoup money. I lost a bit on Nasdaq in past with 10 or 15% stop losses taken out by market makers in a flash at open and then I stopped putting stop sells unless it was a DT.
Same if you take NMC or PFG or for that matter GLEN. Company directors and board award themselves bonuses and no held responsible for catastrophic loss of SP value due to shady deals and accounting.
How many scandals involving Glencore execs.
How many of us lost money due to these feck*ers
https://www.biznews.com/global-investing/2018/12/19/banned-board-glencore-boss-cooking-books
https://www.smh.com.au/business/companies/the-world-s-biggest-commodities-trader-is-under-investigation-for-bribery-20191206-p53hf4.html