Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
SP softness is likely because of the ridiculous claim that Wizz would recommence flights to Israel this month and question marks now arising over whether it will hit year end profit target. I’m not optimistic but I also think they’ll be well placed for a better 24 which should drive the SP higher
Profit taking was inevitable, particularly given the sharp rise and the near to tax year end. We may get more happening over the next week, however when the new tax year starts, I expect this will provide the next impetus in the SP upwards
Shorts have increased in recent weeks, not massively but they now stand at 1.32%
Back on the move up, after the breather yesterday
Https://www.reuters.com/business/aerospace-defense/europe-regulator-says-it-would-pull-boeing-approval-if-needed-2024-03-14/#:~:text=COLOGNE%2C%20March%2013%20(Reuters),tackling%20its%20latest%20safety%20crisis.
I would agree, and no I wouldn't buy shares in it. I've lost £30k in here over time. I didn't take up my warrants, I was surprised the SP bounced up when they had nothing to offer in terms of commercial deals. However, the SP has fallen back and the company is in the last chance saloon. Difficult to see it seeing the year out
SP taking a breather after the sharp rise. Perhaps consolidating for a few days before the next leg up
SCE is a prime example of a company that was running before it could walk and look at how it’s fallen flat on its face and the SP trajectory. Once FAI approval is in place, the company will be well placed to demonstrate to other interested parties and put in place further deals in H2 24
They’ve got a Finance Director now though. I doubt he’ll buy any shares but he’ll probably be given a load of worthless ones
Based on the trajectory, I agree. It should never have dropped below 300p (6p in old terms). That’s my first target as that should be the base line. I think anything between 400-600p (8-12p in old terms) would be fair value at present
Yes I should’ve added some meat to the bones of my post. That was in line with my potential thinking. The direction of travel is clear, just need to get the dots to join up
Https://www.theguardian.com/business/2024/mar/07/uk-green-power-industry-pledge-natpower-battery-storage#:~:text=Britain%27s%20under%2Dpressure%20green%20power,storage%20projects%20in%20the%20country.
At current levels there will naturally be some churn, particularly from those who partook in the recent placing. Some will be icing their gains. The volume is good though and if momentum continues then I do expect it to kick on from here