This might be one of the best value stocks to buy. 9% yield and below NAV, great for along term hold. Just keep reinvesting dividends until it recovers.
Lots of progression in developing the Casca A site, drilling being done on Royston, should be a chatty board with lots of interest but zilch, nadda, nothing... Zzzzzz
SP has barely priced in the two new contract wins ON TOP of the other business they've been winning, and the existing business they have. This could still bag from here on 1 good RNS!
The dividends make this an easy hold. Accumulate while you wait! Lots of question marks around China's economy but the companies in JCGI have good revenue and worldwide appeal. Only a matter of time until this recovers back to 400p'ish
As with most good companies it takes time to build. Anyone looking for a quick trade is in the wrong place. Once we see positive cashflow from Casca and some confirmation from Royston drills TXP momentum will all be in the right direction.
I am here for the ride (rise). Made my mind up after speaking with Yates that I was staying in this for all of 2023. Not because of what he said but for the belief he is a genuine person (many CEO's aren't) and the fact he is heavily invested himself.