Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I was there and I think there were one or two others on this board. I need time to putmy thoughts together and then I will post. It was a good meeting with young, enthusiastic company representatives, who took pride in answering all questions clearly. I now think I was very lucky to alight on this company early... Especially as I did not really understand them.
Rather than look at Sun I have been comparing my holdings in SRON with my holdings in WRES, Michael's other company. Remember that WRES shares are roughly a tenth the value of SRON. It took me a long time and about ten trades to buy my WRES holding and I wonder how much the tight market affects the prices. Looking at the time line published by WRES it is expected to make real money in the last quarter of 2018. It is complicated by the possibility of gold and further fund raising may be needed. The crunch is that I have a profit of over 18% in WRES. By comparison Michael tells us that SRON are already making real money to be increased by factors above 10 over the next year, certainly before the third quarter 2018. All with an assured market for the gas. Moreover most of the costs are already covered. I do not remember any mention of debt from SUN, but like many I tend to hear and read through my personal 'Investor Filter'. By careful buying , without the struggles I had with WRES, I average about 5.4p per share. The crunch is I am down, -21.7%, in SRON. I really don't know what to make of it all. You have to believe what your Boss says but...
The Rights Issue will be discussed at a meeting on the 28th Sept. Back over £3. The shares will be discounted to £1.90 compared to the current price of £3.04. The issue will take place on 29th Sept. If they are offered to me I shall buy every offered share. Although this will be a 21% dilution the purchased assets make up for this in my opinion and I would not expect more than a temporary drop. Plus, on 26th Oct we get a dividend of 1.75p per share or 0.6% at the current price.
This really does seem to be a company that stays hidden, despite really good results and great expansion plans, not only in London. Really a good strong buy I think.
It won't be long under three pounds now. A week?
Again we end the week on a new high. This time through the £3 gals ceiling. In my head that is above 80% up in under a year. A growing dividend yield is icing on the cake. It is hard to see any downside.
My wife and I have been gold members for a year now. We use the cinemas at Hampsted and Belsize Park. Both are excellent with comfortable seating and good service, from young and enthusiastic staff. I thought buying their shares would be an interesting addition to my share ISA. I always buy companies I use and like. Looking at their fundamentals and determined expansion this seemed a good buy, though as usual I seem to have alighted when the shares are high. It is good owning shares where you read about the company other than in the investment pages.
This is the third time in a few weeks I have broken the promise I made to myself to stop investing here. I can't resist 4p. I have managed to scrape another £1000. I now reckon I own half the working gas flow, though not as much gas as Michael yet. They cost me £0.047110 not the 4p I hoped for. Will I regret it?
Everyman Media reported a 55% surge in first-half revenue to £18.8m on Friday, with adjusted EBITDA rocketing 123% to £3m. The AIM-traded firm said it added one new venue during the period in its unaudited interim results for the six months to 29 June, expanding its current estate to 21 venues. It claimed it was committed to a further nine venues as well as a permanent venue at Kings Cross, adding that it had a "strong pipeline" for future years, including a new venue in Glasgow to be opened in 2018. "The first six months ... saw us open a new venue in Stratford-Upon-Avon," said chairman Paul Wise. "In addition, the group exchanged contracts on five further sites at York, Liverpool, Newcastle, Glasgow and Borough Market (in London) in the period." The group now operates 21 venues and 58 screens. Trading since the period ended had continued in line with expectations, Everyman's board claimed.
In a week we have climbed steeply to 8p from 7.1p. That is about 14% putting me well into profit. Thank you all for pointing to SAT on this board, I would not have bought otherwise. I am fairly confident of my Strong Buy recommendation.
I hadn't realised why this is good for BNC Look here: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=BNC&ArticleCode=1kj14oop&ArticleHeadline=Agreement_between_Banco_Popular__Blackstone_Fund
Can be read here: http://www.lse.co.uk/share-sharecast-news.asp?shareprice=EQN&ArticleCode=26219007&ArticleHeadline=Goldman_Sachs_raises_Equiniti_target_on_US_expansion
I first bought much too high. By gradually adding shares I have my average down to 5.5p. I am just hoping that SRON will follow Michael's other company and shoot up as good news comes. WRES has only been in my portfolio since Tuesday and is showing 18% profit. I have already spent £3500 profit on other shares, including another £1000 on SRON. Fingers crossed, sell that gas Michael.
When I struggled to buy these I thought I was paying over the odds. I have just worked out my average price and find it was 7.3p. My Selftrade portfolio today shows a nominal profit of £585.14 on a purchase cost of £18500. That is just over 3% since 17th July. I'm over the moon.
Share price stationary for days. Not a squeak to be heard. Is it an explosive I hear or merely Old Father Time?
Provident Financial and Royal Mail look likely to be knocked out of the FTSE 100 index in the next quarterly reshuffle, with Babcock International potentially joining them. If all three are demoted, they would be replaced by the largest trio on the FTSE 250 NMC Health, the United Arab Emirates-focused healthcare provider; DS Smith, the packaging and paper maker; and housebuilder Berkeley Group, potentially a year to the date after it was relegated from the top flight. Any changes, which are made based on market capitalisations from Wednesday's closing prices, will be made effective after the close of the respective markets on Friday, 15 September and begin trading on Monday, 18 September.
Still they persist in under-rating our company. Surely the Market Price should be enough to tell even JP Morgan Cazenove they should look again...
I have been trying to find a value for PVE.ASX shares in Australia. The number of shares that MIGHT be loaded onto the AIM is surely not what matters. If they already have a value in $AU then that value should if anything be advanced on AIM, better market etc. However it seems that PVE.ASX are only worth about £0.01.6, (1.6p), if my research skills are any good. However the shares are not worthless, and Michael owns some, so perhaps there is something here I do not understand. How unusual that would be! It is the money flowing out of the wells that really matters in the longer term. That is why I will continue to invest while I trust Michael.