Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
What a sad forum this is. I bought into SLE when it was in the ftse and look at it now- nothing but near complete shareholder value destruction over the many years I have held.I have no chance of getting back what I put in and luckily I have many other investments to put this one in the shade. I also think the man at the top has done very well out of it considering the fortunes of SLE-yet another gravy train and jam tomorrow case. I have given up on this company as an investment a long time ago and have come to the conclusion that anyone defending this company must be a paid poster or unbelievably optimistic. And yes there should be no room for bullying or even name calling.
No it wasn't floated at a discount. I bought in at IPO 335p and on the first day it disappeared to about 300p immediately and thereafter headed south between 200-280 odd over the following weeks. I have averaged down including a buy at 48p and am hanging on to see this bounce back hopefully and make a profit.
Yes, here's to a more successful and positive year . Averaged down a lot since IPO and SP crash. So long as the bb doesn't get trashed again like a descending plague of locusts spouting nonsense signifying another disasterous drop in SP then I'll be happy!
Am locked in from IPO plus a lower down top up but would be taking a huge loss albeit with a small investment if selling up now.I'm reluctant to add any more having had fingers burnt. I have been suspicious of the SP movements since IPO so I would tread carefully. Anyone hopeful of getting a quick and decent profit may be disappointed at least in the short term. This is now a bit of an ASOS it seems and may well have to wait till they prove themselves further down the line. Markets are proving very fickle these days. That's just my two pennies' worth.
Private investors always kept in the dark. I highlighted my concerns to my provider,HL on the immediate drop after IPO.It never recovered and now this massive drop. I wish I just got out with not such a big loss. Thats it for me, no more potentially risky investments.
They can influence a share in the short term up or down with the fortunes of the company concerned.I'm sure you'll get your price at some point but in the meantime it may well head a good bit north. I bought and sold these around the financial crisis and then bought again during the pandemic. Just waiting for the right price to sell or possibly buy more if they get really cheap again.
not sure how you arrived at your valuation.
(sharecast news) - bank of america merrill lynch initiated coverage on bab**** on monday with a 'buy' rating and 585p price target, implying more than 50% potential return.
the bank said bab**** is in the early stages of its turnaround, but it is already seeing the first positive effects of the restructuring.
bofa said that bab**** still trades like a business services company and has missed the significant re-rating of defence peers.
it sees the company increasing defence revenues to around 80% by fy26 driven by the disposal of civil assets, conversion of the backlog and management's focus on signing defence contracts.
"we make 3 key points: 1) we model circa 140bps of margin expansion through fy26e, which should be supportive of better free cash flow generation. 2) we see fcf inflecting from fy24, leaving room for shareholder returns," it said.
"3) we estimate bab could generate circa 80% of revenues through defence markets in fy26 vs 61% in fy23 on bofa estimates. this should underpin a re-rating from c.6x ev/ebit and c.7x earnings on fy26 bofa estimates to 11x & 12x respectively."
at 1245 bst, the shares were up 3.7% at 397.80p.
"Sharecast News) - Canaccord Genuity expects shares of CAB Payments to more than double from current levels, as it kicked off coverage of the stock with a 'buy' rating.
The financial profile of the B2B cross-border payments and foreign exchange solutions provider is "very attractive", Canccord said in a research report on Wednesday.
"Over its 100+ year operating history, the group has established an extensive proprietary network of direct payment rails to emerging markets, which is a powerful competitive moat," the broker said.
In terms of stock's current valuation, Canaccord said, when comparing CAB to 16 other global and UK-listed FX and payments companies, the stock should be rated much higher than it is at the moment.
"Using a combination of EV/EBITDA and PE multiples for this group, and a focus on 2023 [calendar year] forecasts, the implied valuation range for CABP is £1.3bn-£1.7bn.
"Importantly, we note this range is based purely on peer group averages and excludes any premium valuation that might be attributed to CABP due to its superior historic and forecast returns. We take the midpoint of the range (£1.5bn) to derive our 585p target price."
The stock was up 2% at 255p on Wednesday afternoon."
How laughable, they don't even mention the dramatic drop from IPO of 330p only a few weeks ago.
Still holding on but I'm almost too angry to think about adding....
I didnt. This has to be the worst IPO I've applied for. Going to sit tight for now and maybe average down to get out at a later date, always a good idea to spread investments and assets thank goodness. This is only a tiny holding.
I don't think the market in general was too bad on the day but it just dropped from the IPO price of 335 to 310 very quickly-dropped another 5 today..Maybe they got the market cap wrong for the IPO after launch.Anyway its taken my faith away from investing at launch in future.