Member Info for CaneToad

No. Sadly, this is becoming uninvestable.
Superb assets, but completely stagnant as an investment. No advantage in being a long-term holder. May as well have just stayed on the sideline and jumped in after news, which seems to come one or twice a year.

Unfortunately, there is absolutely no liquidity...

@Commonsense5: "This stock is the wrong price"

As I commented a few days ago, it's trading at less than half of the price of what similar companies do. The current target (average of 15 brokers) is 640p, but I expect that to rise once the analysts update their dusty spreadsheets. And for medium-term-trading, it's one of the safest stocks to be in. If your timing is wrong, you just hold longer-term and pick up a monster dividend in January!

Like shooting fish in a barrell yesterday. Might continue for another day until RSI peaks and the inevitable first pullback comes. Happy to add more today (£30k or so) and will be the glad recipient of monster dividends in Jan if my timing is wrong. Win-Win situation.

Hopefully it's today or early next week.
From what I can tell, they have 1 more week to appoint a NOMAD, before being de-listed from the exchange.

Maybe/hopefully a better day today, with copper having bounced a bit.

Copper looks very weak in the short-term. Not much demand coming out of China. Good to see ATYM at least holding some ground for the moment, but a pretty disappointing day overall. There's always tomorrow!

Yeah, there's a lot of red today; looks like bears have been ripping people to pieces. Lucky I had some boring stocks (Royal Mail, etc.) to make some money or I'd be eating cuppa-soup.

"Sounds like you made a good call on that so far...."

Maybe/maybe not. You win some/lose some.
I'm more concerned about how much I could lose, than how much I can make.

MTC GOX Impact? Cannot be good in short-term.

Looks like it bounced off $58k on good support. Let's see if that holds though. It's going to be weaker if it re-tests.

For many reasons, I had been reducing my crypto holdings over the past few weeks. I had it as high as 15% about a month ago, but I'm currently at about 1%. I'm staying small until BTC makes up its mind.

@HopeGreed: "BTC heading to low $50,000 then?"

I can see it potentially re-testing 55k-58k. Looks bearish on the shorter timescale. Plenty of support in that area and I'll be buyer there as well. Nice opportunity to buy some miners if it does. I've just bought some ARB, RIOT in micro size.

One of the reasons that 'Simply Wall Street' can't be trusted for this type of situation is that the high quality, up-to-date data from Refinitiv (owned by London Stock Exchange) is expensive. That's the data that Stocko uses and the reason that I pay £60/month for my subscription (UK, CA, US).

The free, Simply Wall Street writeups just use old out-of-date data which is free. For investing in Turnaround situations like this, that out-of-date/free data is about as useful as a chocolate teapot.

In essence, there is no money to be made by reading what Simply Wall Street has to say. If I thought there was, I'd use it.

Simply Wall Street is very low quality. It's primarily just a script that runs and inserts some pre-canned text. I don't even bother looking at it.

If you want to see a neutral, high quality review of a company, look at Stockopedia.

@raxfactor: Your 'dynamic mine management' strategy sounds logical to me. No harm in mentioning it to the company, but I expect that their mining engineers are already trying to use an optimal approach.

Special Divi of £200m is equivalent to 20p / share, which is ~4.3% in yield terms (nice!)

Buyback of £200m, reduces share count by 43.4m shares. In theory, this increases the share price by ~21p

Combined effect of these two schemes is ~8% increase in share price, which is currently below the share price rise. Price is still a bargain, considering that the underlying results themselves were strong.

I'll be looking to buy more.

If Royal Mail was a US company, it would be twice the price - or more. But sadly, UK investors don't value UK companies highly. They prefer to whinge constantly about everything and predict doom & gloom. Here's an attached video of the typical UK investor:

https://www.youtube.com/watch?v=ZqLT3PmOKtQ

Quite a few of them here!

The balance sheet is solid. Results are great. They're growing again. It's dirt cheap.

I added another £30k on the opening bell. If I get it wrong, no bother, as I'll just hold for the dividends, but more likely, there will be a good share price rise over the coming few months.

What's not to like!

The results look very solid to me. I do note a slight increase in costs. Copper might not do us a favour though.

Oh Shoot, copper has dropped over 3%.... this could impact the proceedings on Thursday.