Member Info for danl90

I don’t think it’s just that. I think there are other worrying signs.

- entrants from China who are just as cool and cheaper
- it’s not adding IG followers
- shipping to US isn’t fast

So why ESG doesn’t help I’m nervous on some of the growth story too

It’s saying that COULD power small iot devices etc which have low to idle use. In a car? No chance

That’s the problem now with “net zero” gov saying everyone has to get rid of gas boilers etc by 2050 and other targets. In half of them the tech doesn’t even exist yet. They are just hoping it will show up

Also the other point with the electric future is the storage of it

I just got in and out for a little trade (I have a core holding that I’ll hold to the promised land) but I think we are due a pull back as everything looks a bit hot

I think you’ll see a sharp correction down, a breath and then carry on up

The fundamentals haven’t changed and the world is squeezing copper and glen is going to be insanely cash generative

Have you looked at guild?

@P great shout lithium is essential to the electric future and often noted that non of big boy miner produce so even on a speculative basis (which is rarely go for as below) I might put small in here

My only concern with fundraiser and digging is like Sirius is Yorkshire they need a bit more and then a bit more and then some more

How far off is the mine?

Ever tried day trading glen?

How do these after hours trades work? The price on the last few trades is showing at 295 or so. Is that saying where we should open and the price on the “grey” market is now not the 288p we finished at?

@webba but tbh that’s just a gamble. Will they or won’t they find something isn’t really investing as it’s just pot luck. Red and black at casino pays out 100%. Try that and save yourself months of staring at a screen ha

Glen will get you rich over the next 5 years

Each to their own

@webba - glen is my favorite as it's one of the better copper producers out there and has some exposure to other key "ESG" metals. The other gem is the marketing arm where they move and sell metal and oil. This sounds easy but the infrastructure required is immense along with relationships. This marketing arm is insanely cash generative and blew the lights out this year

the beauty with glen (much like boo) is you own and control the entire value chain ie maximise the profit from digging it out of the floor, maximize profit on getting it where it needs to be and then maximise the profit on being able to take advantage or create local price variations (including time ie contango)

Glen's drag is coal but no one in the world is digging for new coal but china still building coal power plants and has 100's to feed. There will be a coal squeeze and glen will capitalise. The ESG point is then addressed as glen will not invest any further in coal but just sweat the mines to death returning cash to us

Final point on Glen is it make 90% of profit from 14 mines so it can spin off non-core mines. It recently sold a "trouble" mine for $1.5billion! So a few more of these isn't too bad. Again here they kept the marketing license so still keep part of the value chain. Debt will be $13billion end of year so big divis on the way

Both great posts and I agree I just think is something telling for the shorter term? No basis other than just seems to out of step despite lots of positive news and deals etc

Diggers are the place to be atm

I bought at the close (well a touch high). Thing as copper buying carries on this week the share will continue upwards

Not to pump TCM ego but feel he is right. This number performance each day vs asos and hut makes me feel like someone knows something we don't

Thoughts?

It just can’t catch a break!

Have a look at ramsdens ;)

A few weeks back someone asked for tips I offered Glencore as a structural play on copper (all my investment ideas have to have a "structural play" element)

I think at the time it was £2.30ish but now pushing £3. Copper is rising fast and the "broken" world is making trading only more lucrative

We are entering the biggest bull run of commodities in the last 50 years with both China and the US going hell for leather on being "green" - get some exposure to metals

It's worth a look but also I tipped Ramsdens and Sanne

Ramsdens is perhaps the cheapest quality business out there atm. It's market cap is £49m and it has c.£19m of cash on the balance sheet so the business is worth £30m. Pre covid it made £8m in the 12 months to Mar-20. So you're buying a business with a x3.5 p/e! Insane especially when pawnbroking should boom when furlough ends, forex will come back as we can travel also it's biggest competitor thomas cook is gone so should pick up those customers! It now sells it's watches and jewelry online as appose to just in it's stores this means higher realizable values (a bloke in London pays more than a bloke in Grimsby).

On the watch and jewellery retail element if you know "watchfinder" that sold for £250m but made profit of £7.6m - a x32 multiple so you can see the value just in that element of the business for ramsdens - there has been a push into rolex's tonnes of batmans on there so it really does start to look like a mini watchfinder

Oh and add that gold is sky high so any "iffy" jewelry they can melt and sell the bullion

One to buy and come back to

So management can chose to report as much or as little as you want. But eventually when something gets over 10% you have to report it IF it is a segment that is monitored by the board

So if the board view "by brand" they will have to disclose. If they view by "brands and marketplace" they will have to disclose any brand >10% revenue and marketplace if over >10% revenue. Any under can be lumped in "other"

The trick though is balancing the above with what drives your story and value. Ie for boo thats the insane growth in the current "trend" brands (25% and test and repeat) - this is highly valued. The marketplace will also be highly valued so you'd want to show growth here and and as fast a growth rates as you can

The remainder you can place in other and to appease investors they aren't a waste of time the story is is that they fill the marketplace or the revenue here just goes into marketplace

It's the equity story and drawing investors to where the value is and getting them to see progress in the value and then paying up for the value

All £1s are not born equal

The telegraph article was a bit high level tbh. Apart from explaining the clear low p/e they don’t really give much insight

Doesn’t mean they aren’t right to say buy but just not their finest article. Wouldn’t make me a buyer if I read it cold

The divi is great. Small but it sets out the future. Having been burnt in the past on debt I would rather us pay down debt to the lower end of the range

Paying down debt will drive some earnings growth but also means value flows to us as debt turns to equity

I would rather see this and the spin off of non-core mines than the mistakes of the past ie ploughing into a tonne of new mines "now possible due to high prices" and then be stuck with mines that can't wash their face longer term

annoyingly I might have caught this drop a bit too soon but structurally this is great value

recent client wins and M&A is not priced in

Will be topping up on any further falls

Interesting that they used a forward looking p/e rating and not a trailing P/e

I don't feel like we should take the shine off the people power interview. Let's give the people what they want first

ooo I like these. Hope I get chance one day

Like parkinson of the boo board