The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
unvrkw no this is not a "precious metals" play, but it is a "strategic metal" play based on the copper stockpiles and all 3 operations being linked to the energy transition. Don't fall into the trap of being bullish on any one commodity but understand the complete macro picture and diversify while maintaining an overweight to your expert(?) macro predictions.
Anything private equity is being hit due to funding concerns this week. I have added here for the long run. RSE compliments my investment in the listed space with BERI.
Most money is made in a bear period and the financial situation with lending is providing downward pressure in the alternative stocks this is an good addition for the long run. I do wounder why MIGO have not invested in RSE at these valuations.
scoredagainsteps, I know but let's flip it, it's better to be down here at year lows than it is up there waiting to go down on any oil price drop. Stocks tend to go up depending on cap size and "quality" first. We would like to think of ourselves as "quality" but we have not been there for over a year due to the production pause. We are on a much higher beta than other producers. JSE need to prove to the market that we really are back!!!
The question is how much of AUM to allocate to JSE. As less beta stocks rise I would be slicing and adding here.
I have averaged down at 335p this morning. Glad people have sold. We don't need traditional views on what makes a growth company that was created in a low-interest rate environment where cash on the balance sheet is seen as wasted.
Increasing the dividend would have raised the share price allowing exits at a profit, but would set the wrong president. CAML is as safe and boring as I need. No other small-cap miner offers this.
I don't think CAML need to increase the dividend much. With lending for growth so expensive I would actually prefer less of a payout ratio. CAML has always run a safe ship on all factors they can control. We don't need to shoot the lights out. The cash could be held in money markets creating a small yield.
It's the gas price.
If you want blame something then blame the lack of gas storage.
I have added one my drips today and on target to be complete by August. If however you want to make a quick buck you need an heavy oil producer with a high beta.
I am hoping LGEN will be robust in a recession and be paid 9% to wait. Coming out of one you want to be in a small-cap index for maximum upside with low risk... but that is a very long way off from where we are today.
We are looking at around 0.2146p and which is a dividend of 9.3%.
The charts look like the major selling is done... done until the next bit of bad news, however, one can't think like that or you would never invest. The market this week should be factoring in a recession ceertainty in the US and the UK and hopefully LGEN will tick up up to ex dividend date next month in time for ISA filling.
While anything in gas is being hammered, it's time to go heavyweight into oil and AXL is the highest beta stock with an acceptable risk level to rival JSE. The Chinese are building oil refineries and storage and see a strong future for oil. Western majors are not investing. It will be the small companies that thrive.
The long-term future of oil is more evident now with storage projects being built. While the UK still ducking the issue on gas storage, Saudi Aramco are to $10b refinery and petrochemical complex in China. I have been increasing AXL but I do believe Asia is the place to be JSE at a low share price, net cash and news flow into an increasing oil price driven by Asian demand be it "out of a recession".
I am glad JSE have not supported the share price with buybacks in recent days because buybacks facilitate sellers. Let the JSE share price crash... I have added and will be going overweight.
The problem with selling like like Scoredagainsteps on Friday is you have to find something better. Unless the oil price tanks JSE has the best reward for the risk given the massive drawdown. I would have added at 65p if I had sen the opportunity on Friday.
Keep posting. I think its the timing that has annoyed people. I think you have to accept 95% loss when others can do 500% as is the risk with investing in any single company. You would not have more than 1-5% of your portfolio in any AIM company.
My first buy was at 52p. I fully expect LGEN to growth to 300+ and I am happy to accumulate all these years.
"Now that Jadestone has or is returning to ‘business as usual’ to quote Paul Blakeley, those of us who have been big fans of him and his team can start to reassess everything starting with much needed production guidance for this year which is imminent.
The problem is behind us and as mentioned in his report there is much to be excited about, including the acquisitions made recently, however meaningful, and those in the pipeline. Indeed it is the M&A activity that we have yet to see that makes me most excited about Jadestone going forward.
Jadestone at today’s 68.3p is almost dead on its low for a year which has been, in my view, entirely dominated by the debacle at Montara. Investors should be aware of that, to me it provides an opportunity to take another look at the company and whilst such a mistake is clearly more than a blip or a schoolboy error this is one of the most accomplished in the sector and one reason why JSE never left the Bucket List.
I think that it would not be unreasonable for investors to take a fresh look at the company now and for that reason I am sort of restarting the process by putting a new target price of 150p on the shares and knowing Paul as I do he will be busting every gut to hit the ground running and I suspect that they will be on the road starting today telling the story as if it was day one. " https://www.malcysblog.com/2023/03/oil-price-jadestone-gulf-keystone-serica/
The RNS clearly indicates where we are now and the share price seems low. It won't take much...
Better oil price performance now after the European markets closed. WTI went through $70 slightly.
Montara cant be long now. Surely before the end of this month! and if it can co-inside with a rise in oil that would be nice.
Its interesting that the video contained market-sensitive information regarding pausing the drilling. He did say "may" so they could still happen.
It makes sense to drill at a higher price so that prices could be hedged.
I am looking at buying in here. We just need to wait for the selling to be done. The problem with AIM is that when some one wants to sell there are no buyers unlike with large-cap stocks.
The increase in oil adds much-needed balance. A 50:50 split would be ideal, but in the meantime gas really is falling under reasonable price because of storage. More gas storage is needed everywhere in the west.
I have added my March batch today. 5 more batches to go.
Pausing of any acquisitions is a good thing at this time of year. I'll be adding here earlier than expected with a view that the cash could provide support. AIM is a brutal wild west due to low liquidity and high PI interest so you always need to buy on muti year lows.