Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Nervous investor... portfolio not doing very well... haha know the feeling! I think it's very easy to take a much too short-term view these days when investing. I know I tend to 'micro-manage' my portfolio and check prices far too often - there's just too much blinking information readily available! To take the case of INL though, they're a well-run, profit-making, asset-rich dividend-paying company producing something with real value (what you might term an essential) for which there is strong structural demand that is not likely to diminish any time soon. And by many metrics they're well undervalued based on a SP of around 70p or so. Like TW, some investors in INL clearly got spooked recently when the BoE announced that interest rates were likely to go up a tiny bit. Well, did these people think interest rates would stay at 0.5% forever!?! Now they're getting spooked because the Chinese stock market is stumbling, with knock-on effects on other stock markets leading to a spiral of panic-selling. I think anyone invested here on the fundamentals who doesn't have any reason to sell in the near future (eg forthcoming house purchase or something) has very little to worry about. Don't get me wrong though - drops like this are a right pain!
My guesses, for what they're worth, would be: 1. TW = FTSE 100, INL = AIM 2. TW has recently esablished a pretty chunky dividend policy (I know INL has paid a maiden divi, but % of investment wise it's much lower) 3. Markets are not even on nodding terms with the concept of rational behaviour Cmc, I notice your posts on a few of the other boards for shares that I'm also invested in, and I have to say you remind me of Eyeore! ;-) GL
Debt free Profit making with growing profits Cash generative Strong operating model Looks like a bargain to me at this level. Am I brave enough to convert cash into shares (in any company) at the moment...? Warren Buffet probably would.
As at 30 June 2013, the domain www.jqw.com was ranked 95 amongst all web sites in China and ranked globally at 644. Checking Alexa today gives global and China rankings of 603 and 80 respectively. So progress by these metrics. Some investor info from the company would be nice - hopefully forthcoming imminently.
I'll be buying quite a few of these for my SIPP as soon as the funds have transferred into it - and so long as the SP hasn't rocketed before then. I have held INL for quite a while in my ISA - it hasn't really felt like holding an AIM share, much more sedate.
I accept all your points re. investment strategy. But - say you have researched a company thoroughly. You like it, so you invest at what you consider to be a good price. A couple of months later, the SP dips fairly sharply and significantly for no reason that you're aware of. You do more research to check whether you're missing anything important, and conclude that nothing has changed since you did your original research. It appears just to be a circular spiral of sellers prompting others to sell, based on nothing more than fickle sentiment. So you keep a close eye on things in an effort to 'call the bottom' as close as possible, and then you buy some more 'bargain' shares. @bazzaman - thanks for sharing your insights and opinions, I continue to find them very useful. Your considerable confidence in INL has been unwavering, and I have to say your track record is such that I always pay heed to what you share on these boards (at my own risk of course!)
Appears to be girding its loins for a gathering of upward momentum, could be heading gradually up to the mid 70s over the next few weeks. Then hopefully on towards 80, perhaps after another pause. Certainly no reason why not. All just a guesses of course, but I wouldn't want to bet against it.
Thanks Bazzaman, very interesting reading. Nice share to be in.
Many thanks!
Did I see a £700k transaction in INL this morning? Charles Stanley and LSE have it down as a sell, but it looks more like a buy to me.
errrmm... isn't that exactly what my post indicates I'm doing? Apologies for lack of clarity if not. Just to be clear, I'm very relaxed about where INL is going, and confident of a very solid further rise in due course. Just a matter of waiting patiently - as you say slow burner. GL
Hi cmc But this is what INL does. Take a look at the chart on here for the last 1 year period. You'll see that it looks quite a lot like a flight of stairs (going upwards from left to right). Once you notice that, you'll also notice that based on this pattern and all other things being equal, we appear to be due (even overdue) a 'step up' to the next price level. This 'step up' should take us up fairly rapidly by somewhere between 5p and 10p before the next 1-3 month 'lull' sets in if past performance is anything to go by. I think 'all other things' *are* pretty equal - fundamentals remain sound, underlying demand remains strong, economic recovery is as good as can be hoped for, interest rates are due only a small gradual increase in the next 12 months, etc. Certainly, these factors have seen TW soar through £2 recently (drat, why did I sell my last trading tranche at £1.95??), and our 'overdue step up' here is probably just being delayed as a result of usual summer doldrums. The delay may even mean that the 'step up' will be that much bigger if/when it comes in the autumn… All just my conjecture of course, not promising anything…
I'll take your word for it buddy - thanks!
Yep, your bl00dy fault... I'm guessing not too many longer term holders were selling into that rise, so must have been traders who got in at the bottom for a punt. Nice easy 10-15% for those who got it right. Ho hum, let's see what the interims bring...
Interesting this. (Mind you seldom have I been so unexcited about a 15% rise in one of the shares I hold - still a long long way to go!) Are rumours surfacing somewhere? Or are people just having a punt before the interims? Some reasonably chunky buys in there today. All good so far anyway. Maybe our forbearance will eventually be rewarded with a respectable divy and a subsequent rise back to a level that actually reflects the (apparent) value of the company...
I think if we get good trading results news, a good new CFO appointment and affirmation of a dividend for this year in mid Aug (or is it more likely Sept?) we might even see a bit more than a modest rise...
Lotech, someone does read your posts...
on why nearly 5% down today on such a positive trading update? Is this just a classic 'sell the news' sell-off?
Hi RH, think I've bumped into you over on XTR. Good solid company this one IMO, feels much more like FTSE100 than AIM over here. GL