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I've added 7,467 shares into my ISA ahead of the stock market closed period filling up the £20K ISA allocation. This is also the end of the TAX year and the new ISA's allocated next week. It's also a good time for a seller to complete (if there is even one?). In addition work at Montara continues and successful 100% production will attract the press for PI's and establish JSE as a quality company attractive for institutions to buy back into the strong story here.
US driving season in May is good for oil. Then later on in the year if gas prices go up there is a story there too.
Also early May is the historic dividend day and cash may be held for a dividend. I am not holding out for a rise in dividends but it is a crazy possibility.
I have a diverse enough portfolio for any eventuality to add and remain invested for the long run. I have taken a look at other quality producers like Anto***asta (LSE: ANTO) and they are all technically very bullish over the long period of time. CAML's dividend should also provide support and the copper shortage a real possibility at the end of the year or a time period shortly afterwards.
TheSoundMan that's going back even further to 2013 with an 7.5% downside here, but I am not able to share the period before 2024 on this screen grab:
https://www.tradingview.com/x/xCAGtWJK/
John Bogle is the basis of efficient market theory:
https://www.investopedia.com/terms/e/efficientmarkethypothesis.asp
So opportunities to give us the edge are extremely stacked against us.
Ben Graham identified one way: “In the short run, the market is a voting machine but in the long run it is a weighing machine.” This is as a result of psychology. When you want to buy then sell. When you feel you can't bring yourself to buy then buy.
CAML is on target to hit a trend line that's been there for 2 years!
https://www.tradingview.com/x/V5MtD9pI/
scoredagainsteps there is currently an opportunity to average down by using and compounding gains made elsewhere or are you all in on this? If you are all in then you are compounding knowledge by learning and adapting through diversification. Start with a world tracker like VWRP and invest in the oil companies via ETF's such as WENS.
Read John Bogle's book and move onto physiology-related investment books.
Issues happen with AIM stocks but with JSE it's its just temporary.
casapinos, that is a great post and one I am buying into along with a revival in the FTSE100, but the OP's time scale is only 9 months :-)
Andymilman patience of a Saint is required for investing. The biggest mistake investors make is that they do not have patience and sell at the bottom only to be picked up by large buyers. All shares swing from overvalued to undervalued and many sell during the undervalued range, especially the inexperienced. For LGEN an 8% recovery in share price + 8% dividend within your period is possible and the catalyst hopefully is time with no negative news. That is a very good reward to risk ratio. The only risk is being out?
Looks to me like a large buyer at 70p and the sales will be reported late at some point in the neer future. Patience is needed for potentially huge low risk rises.
Yep diversification is key so that gains can be compounded. I have reduced gains in other stocks, especially higher quality like O&G ETF's and some in similar like PTAL to fund more JSE and AXL.
To counter my own comments above when we are at the lowest point using RSI so this is where I normally buy stocks.
Seems odd CAML should be falling on strong copper price but its technical. Looking like another -4% to the fib before we can move up strongly are the fears by the technical sellers.
I am not often lucky to buy ahead of news by 2 days. Good drilling and the share price is just above the 200-day moving average on course to resume its bullish trend. A 1-3 year hold for me. Nothing better net can and a two-digit market cap.
Most folks want a high share price. Thankfully staying low enough to add across my accounts to be able to increase my holdings by 25%.
That would support oil prices going up for the long run. On a P/E basis, BP and Shell are cheaper buys but AXL at £41m market cap and net cash, the news flow RCE 5 should enable outperformance significantly. This is the smallest most existing stock under £300m market cap.
That's a really good question that's worth posting over on ADVFN or better emailing the company.
That pipeline "has been suspended since March 16" so currently not impacting AXL.
The likelihood of a recession is 50% and any opportunities will be taken during these periods. Bear markets and crashes are where the real money is made and for a low-cost producers like CAML, they are positioned well enough to survive profitably and to execute deals knowing this.
When JSE do come back it will be better because Montara has been fully serviced instead of some rusty heap of rubbish. The overall quality of JSE will be given a boost and by the time we get a move on with the gas portfolio into next winter then £1 will be seen as too cheap!
I've added today to AXL having reduced PTAL on some great news there as well as selling some large caps via WENS. AXL and JSE both offer some of the best beta levels playing catch up.
Just a reminder (to any new investor) CAML is in a net cash position.
You only need to look at PTAL today who are virtually paying off the debt and announced a massive dividend sending the SP rocketing up, but that is ALWAYS just a short-term rocket with fuel that runs out just like it has on I3E who did this at the start of the year. Not helped by oil prices over there.
If CAML increased the dividend the SP would have shot up in the short run too but with interest rates so high, any funding would need to be done >10% interest rate!!!! This is fine if your AAZ looking for 100% gains or whatever but its not the risk profile we long-term investors would want. We are more in the 25-35% total return camp.
The share price drop reflects speculators who are in CAML for the wrong reasons.