Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
seems to be stalling somewhat. Is all the good news baked in for now?
Notwithstanding fundamentals and shorter action sentiment towards this stock became aligned with the POO and world economy health some time ago.
Of course the shorters will not let this one in particular go. We live in hope.
Jerk,
Agree wholeheartedly!!!
Pay cuts. You are not unique here. Lots of people taking pay cuts.
The precarious nature of Wood's future income would suggest that a pay cut is not that bad when you consider the alternative. We all hope for better days ahead.
It was sprung out of the blue.DYOR
Yes there is going to be a lot of bankruptcies in the oil and gas industry. Lets hope WG can survive what undoubtedly will be very slim pickings in the near future.
They do have a considerable amount of non oil/gas related revenue.
777
Can you explain your post re SMDS. I do not follow!
To be accurate look at their website.
Pity about the dividend but I am happy to see the company's robust performance.
As has been stated I would expect to see the SP circa £4 when things settle down (aspiration)
Pokerchips
Appreciate your comments.
Kenj
I was not referring to comments on this BB particularly. I think your posts and Pokerchips generally are valuable points of view which I consider seriously.
GLA.
I would agree with you. I like many others are in and still in around 4times the current SP.
The Fundraising came like as I have said in a previous post like a bolt out of the blue. I do believe in this company but I am far from convinced that the BOD have handled their shortage of funds correctly. Look at a sample of comments concerning Costain over the last couple of years and you will see the often repeated mantra that the company was cash rich and had very little debt.
So the fundamentals outside the roof and road issues were repeatedly stated as being sound.
I take it like others on the chin but I do have a lingering feeling of being "misled".
We all know these things take time but this delay will only serve to erode the SP and we may end up being offered shares below 25p.
It would be difficult for the Board to justify/ recommend cancelling the forthcoming dividend when they continue the share repurchase scheme.
I hope so too. Will it happen-nobody likes egg on their face especially our esteemed BOD. One way or the other we ordinary shareholders are the last one to be considered.
Arsenal I believe your observation is correct.
Having been a shareholder in the past I believe in the management of this company. A lot of progress was and is being made under Mr.East.
The Trent engine issue whilst very serious will be overcome and I look forward to investing here again when some of the market turbulence subsides.