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Where are you seeing this? I received an email today titled “ PROPOSED DISTRIBUTION OF NINETY ONE SHARES AND PUBLICATION OF INVESTEC SHAREHOLDER CIRCULAR” says to visit Investec.com which is not really that useful. Are we required to do anything or are the shares auto-allocated to ISA’s?
Year to date RSI is 24 which is stupidly oversold. I’ve just topped up, I liked it at 220p, nothings changed. I like it even more at 190p.
I would say be more open to reading into the wider market. What is SPT share correlated too? Outside of themselves and earnings.
Example: TSM (Taiwan Semiconductor Manufacturers) jumped 8% on solid results today. That’s currently at a 1Y high. I think given the semi conductor/chip big boys (like TSM) are now all time highs, we and other chip dependant stocks should see a bounce up. Look at Rio Tinto, dependant on Copper prices, copper prices have gone up, and low and behold so has Rio Tinto share prices.
Another decent metric is that the RSI (relative strength index) of SPT currently sits at 23. Which shows it’s far into over-sold territory.
My food for thought.
Yeah I’ve just topped up likewise. My view is similar, however I think given the clients they have and their 5G specialisation at this price they are a no brainier. Albeit 5G might not be widely used currently, I’d rather be on the early bird. Short term I am not expecting much, but long term this feels strong, see them as an acquisition target if this continues.
Be interesting to see what the GM brings next month.
I have about 5% of my portfolio in Investec with my average at £1.53 so I am a very happy man. If I’m honest with my dividends reinvested into this through my ISA, I don’t think I’ll be selling for a long time! Appreciate the update, I’ll be looking out for the distribution and ready with open open arms!
Do you have any links to this? Is this something that would automatically be processed through your ISA or something we would actively have to apply for?
This for most long term investors is an easy decision, 11% dividend, 52W lows. Simply put short term, outlook is not fantastic. However all you need to do is look at charts showing: production and reserves of Iron ore vs demand. When production is high and demand is low, naturally you are going to see a lower price. Flip that, and look at lower reserves of Iron and increased demand, you see soaring prices as we did earlier this year.
- The US infrastructure bill has one key ingredient, steel.. how do you make steel?
- China are the biggest Revenue driver in terms of Rio, after the Beijing Olympics and the media is off of China, they will ramp up production.
As my subject states, seems relatively simple, this may drop lower in the coming weeks, but if you are long term like I am, this is a lovely looking price to top up.
Disqualified.. FFS
We also have the added benefit of the fact "football is coming home" and the bars will be rammed all the way to the final, when we win, and celebrate in true British style.. boozing!
This made me laugh more then it should have, lockdowns done me in!
It’s seems a few bits were overlooked, but Rishi announced investment into the Port of Tyne where operations base for the “Worlds largest offshore wind development” both SSE and Equinor have operations here so I think this is a huge boost with the below.
- £20 million to fund a UK-wide competition to develop floating offshore wind demonstrators and help support the government’s aim to generate enough electricity from offshore wind to power every home by 2030.
- £68 million to fund a UK-wide competition to deliver first-of-a-kind long-duration energy storage prototypes that will reduce the cost of net zero by storing excess low carbon energy over longer periods.
- Plans for at least £15 billion of green gilt issuance in the coming financial year, to help finance critical projects to tackle climate change and other environmental challenges, fund important infrastructure investment, and create green jobs across the UK.
I have been holding just over 2 years and I will continue to hold, it just feels like positivity in regards to projects is often spoken about but as we know actions speak louder then words. Management need solid dates and real timeframes to see this ever go up and then of course they need to deliver.
Likewise, bought in at sub £1. What are our options and timeframes here? Do we just have to accept the 210p and is it final? If it is done and dusted then I will just sell, as I’d rather re-invest it elsewhere. Many Thanks
£200M contract agreed with TFL starting April for 8 years with possible extension for 4 years. On top of the £250 a year from the HS2 project.. that combined with the £100M sale announced = a lot of yearly cash, almost 300M a year when there market cap is currently £124m? This price won’t last for long in my opinion
Oh that is completely my bad, I had the Dividends Calendar open as opposed to the Financial Calendar. Ignore me!
What are peoples thoughts on the Q3 Results coming up Thursday? Do we think largely negative results? And if so... will that impact the price drastically or at this point is a lot built in. As far as I am concerned NEX have a great history of decent results and are a fantastic prospect.
Some good news! UK announcement that F1, among other sports can resume shortly (my mrs is going to hate me, but god, I’ve got so much sport to catch up on!) + Austria given the green light for the first race in early July.https://www.autosport.com/f1/news/149699/uk-sport-resumption-offers-silverstone-races-more-hope