Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Bad rns, I was wrong on this one, chances of pulling this one out of the bag is slim.
I have over 250k of these in my pension, and am heavily underwater. I bought some more on friday! I couldn't resist. Good money after bad, I don't think so, but at the moment I am the looser. Fear and greed rule a market, and because of all the negative sentiment, we are in peek fear. Having visited China regularly for 25 years, I can understand all the RNS releases from the company. I am happy to trust, and hope that the company will do something to restore confidence, as it is depressing to see the price go down and down, and value principles go out of the window. I hope to be crowing in the future, all it will take is one RNS!
I was trying to buy only £1400's worth at about 3.30 and they would not accept, and gave up. Short of shares to sell.
lets get this in perspective, Chinese economy going through a tough time, we are still having growth of 7%. They are in the third tire cities, where there is growth. They are being very very cautious about the interim dividend, wait until the next RNS. Growth and cash in the bank, I would rather own here, than in some of the FTSE 100's. The risk is a Chinese share, happy to accept that at a historic yield of 20%. The cash in the bank has been proved off with the audit, that is reality.
The point is that CCW names is at the bottom, and they are legally responsible if the cash is not in the bank.
I don't know why you want to be so negative, It sounds as though it had come straight from TW. I am an FCA and have been travelling up to China regularly for 25 years, not everyone is a crook in China. I am prepared to trust unless proved otherwise, and nothing that I have read makes we concerned about my investment. I received my dividend of 4P and will wait for my next one, which I hope will be more, as they were cautious about paying the interim. UK based auditors can easily audit a Chinese bank account, and have their reputation at stake if they get it wrong, the company is valued at less than is in the bank. So personally I am very happy to hold, and wait for this to recover. Who knows the next RNS might announce share buy backs!
I received a 4p dividend in August, look at number of shares traded, not worth a 7% drop. relax and wait for the next RNS.
20p per share, fantastic yield. Consistent growth, less risk.
Would someone please post today's news from share prophets that is so devastating for this share please.
I bought another £10,000. 'S worth at 8.45 not showing. Ok Chinese company, but it is real. I have been travelling to China for 25 years, so understand the problems. Looking for company share buy backs, and company announcement. Way over sold and been shorted IMHO. Fear and greed, we are at max fear!
They took the shares rather than the dividend, because if they had taken the cash they would have been accused of not having faith in the company. Which for a Chinese company would have looked worse than lowering earnings per share.
The company should start to use some of its cash to buy back shares! The share price will turn in an instance.
you are going to get 8p in cash, it is like ex div.
Does anyone know the rules, do they have to wait 6 months before they have another go at buying the rest of the shares that they don't own. if it is, then the 6 months must be about up. I would think the Malaysians would want to own the whole thing, having bought their 68% cheap, that they can afford to give a lot more than they first offered for the remaining shares. it would be nice to think that an offer will be coming.
does anyone know when they are out?
I bet on Thursday IC will be doing a piece on this with the results are out, my bet it will be a buy, and we will see a big jump, with the dividend due, the level of cash and P/E ratio.
At last getting my money back with this increase, doubled up at 5p. Gamble paid off. If any one is interested have a look at Maple energy, I believe that company is in a similar position to PAL . Bombed out, with land and harvesting sugar cane for ethanol, ethanol prices last year tanked, but have since risen. They even pump some oil. I have been investing all the way down, and sitting on big losses, but feel it is right for a take over.
It is investors chronicle, Simon Thornton is the stock picker that does very well.
I have been in for 3 years buying all the way down and am sitting on a 24k loss, we have been hit by 'acts of god' and the share price has suffered. Plenty of cash, the weather will get better, just have to be patient. This is one of my safe bets if the market collapses, this one can't go down that much further! I have enjoyed the dividends, with a bit of luck if you buy in now, you might easily be securing a 10% yield if we get better weather!