George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Ah, but Pearls, you didn't believe we'd go sub 2p either did you, so no it's not a "mischievous price", it's what I expect if we break 1.8p. Which is still one the tables.
Still to highly priced for me around this price, maybe see where we are March '23. In the interim, it's got to be dirt cheap, which it isn't at this moment, for me to consider it a buy given the inherent risks I've out lined over the last 3 years. Just think of all that money you would have saved if you'd just be willing to take some advice LOL
No need for congratulations. ;)
Sub 2p now, so 1.8 looks close, if that's breached I have it down next at 0.5p.
I'd consider taking a position c 0.5 and look for an exit in 5 years time.
We could debate the value in 5 years for the next 5 years, but the over all time frame I think is correct.
As I said this morning, back in the bottom draw for another year.
I keep saying 1-8-2.2p, but does anyone ever listen LOL
It looks to be wanting to test that 2p, so maybe 1.8p is on the books, if it goes below that, my model has it next down at 0.5p.
"Devon, I'd happily go ahead and buy if this stock was a bit more liquid. "
....just 5 days ago LOL
One thing is clear, they've fallen short of your prediction of £20m t/o & £1m profit by the end of last year.
LOL. Sounds as if the Easter Bunny not only delivered eggs, but also SGI liquidity over the weekend hahaha
Very disappointing results. They've fallen very short of the £20m t/o and £1m profit Pearls was predicting.
They have managed to increase the debt more quickly than the sales, so I guess that's good???
Overall, it was a bit boring at best. Back in the bottom draw for another year.
You wonder how much working capital an century old business needs, more than the turnover by the looks of it....
Man who paid $2.9m for NFT of Jack Dorsey’s first tweet set to lose almost $2.9m....
Crypto entrepreneur Sina Estavi made headlines in March 2021 when he paid $2.9m for an NFT of Twitter boss Jack Dorsey’s first tweet. But his efforts to resell it have run aground, with a top bid of just $6,800 as of Thursday.
The initial purchase was at the time among the most expensive sales of a non-fungible token, or NFT, and came amid a flurry of interest in the niche crypto assets.
Estavi put the tweet up for resale on the popular NFT marketplace OpenSea last week, initially asking for $48m.
That price tag was removed after offers in the first week were in the low hundreds of dollars. As of Thursday, the highest bid was 2.2 of the cryptocurrency ether – equivalent to about $6,800.
“My offer to sell was high and not everyone could afford it,” Estavi told Reuters via Twitter direct message, adding that he was no longer sure if he would sell the NFT.
“It’s important to me who wants to buy it, I will not sell this NFT to anyone because I do not think everyone deserves this NFT,” Estavi said.
But Estavi was confident in the value of his purchase.
“This NFT is not just a tweet, this is the Mona Lisa of the digital world,” he said.
https://www.theguardian.com/technology/2022/apr/14/twitter-nft-jack-dorsey-sina-estavi
$2.9m >$6,800
......when that secondary market gets going,
14-Apr-22 09:38:35 2.20 25,000 Buy* 2.10 2.20 550.00 O
14-Apr-22 09:38:21 2.20 25,000 Sell* 2.20 2.30 550.00 O
14-Apr-22 09:11:17 2.225 10,000 Sell* 2.20 2.30 222.50 O
14-Apr-22 08:25:58 2.225 914 Sell* 2.20 2.30 20.34 O
.......sellers in control?
" if this stock was a bit more liquid." Hang on, when I've said this stock has poor liquidity in the past you've disagreed and said there's plenty of liquidity. LOL
"once the shares rise as I'm expecting......" well you've been saying it for 3 years, so...maybe it's 3rd time lucky. haha
"Four buys, yet the price has dropped. Why?"......because for every buyer there has to be a seller and it looks like they are keener to sell more. I'd hold out, if the weakness carries on, you'll get a better price and then maybe your 1,495,000 will be at 1.5p
"1,495,000 at 2.2p "
Haven't seen your order go through for this volume yet. Why not stop mucking around with "dummy" buys and push the button....
Old news, it's been posted today!
*shakes head in disbelief*
- I treat the whole valuation thing with a pinch of salt, I've even thought they've bought those Treasury Bills to stop total NAV destruction.
Maybe that's a hedge against inflation? But does it also suggest they aren't in any rush to invest more cash in the portfolio? Maybe hedging means they aren't expecting to need it for some time, time enough for inflation to take effect, so the recovery is pushed out a few more years.....
Here's a fascinating note from that Report "CGL purchased £40 million in UK Treasury Bills. "
They must think there's more value in UK Treasury Bills than the under performing equity of their portfolio companies. Odd thing for a tech company to want to buy....the whole thing leaves me a bit queasy.
As I know you are a doubting thomas:
https://www.londonstockexchange.com/stock/SGI/stanley-gibbons-group-plc/company-page
1 year return -26.00%
52 week range
2.05/ 3.50
Market cap is now under £10million (9.82) and given the YTD return has been --5.77% when you take inflation into consideration it's more like -13% in real terms. Chuck in the double digit spread you'd be looking at over 20% loss YTD.
"The Company increased its position in Hornby, Dignity, and Stanley Gibbons during the period."
https://www.londonstockexchange.com/news-article/CGL/annual-report-and-audited-financial-statements-2021/15406644
PRN 11.04.22
More red flags in Castelnau's reporting, they've been adding to their position in SGI. So you now have a company which can't serve it's debt: it's having to be supported by it's major shareholder and it's share price is being supported by an associated business.
Some will see that as being "supportive".....I just hear a life support machine bleeping in the background! How sick is the patient really when it needs financial help this intensively?
God knows what would happen if the associated party hadn't been buying from the eager sellers.
They used to say that if New York caught a cold London sneezes, but you are left wondering what if Phoenix caught a cold?.... would SGI get double pneumonia with sepsis??!!
Castelnau also appears to be selling service to SGI. This level of financial engineering good for retail investors?...well, we all know who'll get thrown under a bus if the wheels come off don't we.
Speculative end of speculative at best. Leave it to the pros or naive.
Castelnau is now well under it's issue price and has under performed the market, SGI has dropped over 23% in the last 12 months.
"aggrieved" How so? Lets look at some facts.
Months ago I predicted 1.8-2.2 when you was bangin' on about 20p, what did we get 2.1p
Even when other bears of SGI thought we wouldn't go below 2.5 I was steadfast in my view of 1.8-2.2p. BTW I still think 1.8 is possible.
You've spent 3 years averaging down here and you're still underwater. I deployed my capital elsewhere and I've made decent profits.
You've spent your time going around the site talking SGI up. Others have called it Trolling. I've kept my accurate SGI posts here.
So once you've put your self delusion aside....who's really the one that's "aggrieved"?
And the funny thing is, the really fun thing, IF SGI does eventually rally I'll make more money as I haven't wasted cash with ill timed averaging down. LOL
Self delusion, it's an investors worse enemy. I tried to help you with DEB as well, and what do I get from you? Petulant comments again ;)
* because we know you, you'll note I put the IF in uppercase, there's still no certain outcome.
"you can see, the shares have risen today"
Time to celebrate up a whole 1/10th of a penny! You tell how little faith there is when a 1/10th of 1 penny is reason to celebrate. LOL
Yes you can bank on Pearls suggesting a share, that's under water for him, as a buy. Even up to the moment it goes bust!
LOL
04-Apr-22 16:02:18 2.14 2,920 Sell* 2.10 2.30 62.49 O
04-Apr-22 15:23:29 2.2495 100,000 Buy* 2.10 2.30 2,250 O
04-Apr-22 14:25:16 2.14 24,880 Sell* 2.10 2.30 532.43 O
04-Apr-22 13:57:34 2.135 25,000 Sell* 2.10 2.30 533.75 O
04-Apr-22 12:47:57 2.20 23,075 Sell* 2.20 2.30 507.65 O
04-Apr-22 12:35:11 2.25 50,000 Unknown* 2.20 2.30 1,125 O
04-Apr-22 12:19:25 2.22 150,000 Sell* 2.20 2.30 3,330 O
04-Apr-22 12:17:46 2.225 250,000 Sell* 2.20 2.30 5,563 O
04-Apr-22 12:14:21 2.20 100,000 Sell* 2.20 2.30 2,200 O
04-Apr-22 12:11:42 2.20 250,000 Sell* 2.20 2.30 5,500 O
04-Apr-22 11:45:56 2.201 1,000 Sell* 2.20 2.30 22.01 O
04-Apr-22 11:01:06 2.20 8,000 Sell* 2.20 2.30 176.00 O
More red again today?