Member Info for Chatmandu

https://walletinvestor.com/lse-stock-forecast/slp-stock-prediction

Anybody buying shares based upon that crap, needs to take a long, hard, look at themselves.

@ic152

I'm glad you managed to get on top of the situation.

It's certainly nice to have my SLP profits back above £20k.

would a 30% rise within the past month be classified as 'explosive'
_________

Do you make or lose money if a share loses 40% of its value and then gains 30%? I'm not sure I'd describer that performance as 'explosive' - unless we're talking in terms of limpet mines and torpedoes.

I'd respectfully suggest that holding a share shouldn't be stressful. Perhaps reduce your exposure to SLP / increase your diversification if you're finding potential losses to be stress inducing?

Hi ic152,

Given your previous problems regarding exposure to SLP and consequent negative equity, it might be worth thinking about reducing your exposure. It could be a shame, if you didn't take advantage of the current prices and ended up following the price back down again (if that's what happens).

@marineclark

A word of caution regarding stock screening. I used to use one on telegraph.co.uk that was provided by AJ Bell. A company that came up in my screens wasn't familiar and I discovered that it had gone private some years before. It turned out the feed was completely broken and hadn't been updated for a *very* long time. It took a lot of back and forth with AJ Bell for them to even understand the issue. Once the penny dropped, they pulled the screener entirely.

Make sure you double check any data to make sure it's correct.

@marineclark

Is there a missing post from Fishysaurus, that links to the stock screen, or are you referring to the original post?

@stoodio

British (all country's?) Police forces attract completely the wrong type of people. They're pathologically insecure and *demand* respect, whilst behaving like thugs and bullies. I've had a couple of encounters and I quickly realised they're not in the public's side. The entire enterprise is completely self serving.

@toptiger

In answer to your previous question - No. I've not purchased AIO yet. I can see it's on another tear.

I'm a big believer in ROCE (never invest in airlines!).

On that basis, it wasn't really investable until 2019.

“The stock market can remain irrational longer than you can remain solvent.”

Oh dear. I think we're in for another hissy fit.

Bid = 91p
Ask = 93p
Price = 94p?

How does that work?

https://i.postimg.cc/gjLGR1hK/image-2021-09-17-164601.png

@Stoodio

I think your timeframes for a turnaround are far too optimistic (a bit like Velo's 'blow your socks off July', which turned into August, which turned into radio silence).

The manufacturers of catalytic convertors will be holding a lot of inventory right now and may also be holding quantities of PGM metals for future production. It will take a long time to work through the stockpiles of parts and I doubt that will see PGMs rising within the next three months - especially, as the chip shortages won't actually be over. They're just predicted to ease.

You may be correct regarding the microchip shortages, but I would be very careful interpreting the charts as anything meaningful - there are too many external forces at play for them to mean anything.

https://i.postimg.cc/Rhg5sH6G/image-2021-09-17-113257.png

The lows of 19/07/21 and 09/08/21 could have been interpreted as a double bottom and we're now well below those prices.

If I were looking to buy in, I'd be doing it via an automated trade set to 87p or possibly even lower. We've been there a few times recently!

@bangrak

Are you selling/sold?

I guess it depends upon the price of PGM metals.

Guvi calculated a fair value to 115p and sold his holdings. He then bought back in again below 90p.

PGM prices have dropped since then, so who knows? The market currently thinks that 100p is too much.

Maybe they are and the rhodium price is being supported by that activity?

I've mentioned a few times that I think it could be the victim of a leveraged buy out. The debt, taken on to buy the company, could be cleared very quickly and then the buyers could extract serious cash from the business.

Rio Tinto and BHP are diversifying into other metals, so there is always the possibility they might snap it up.