Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Just did just that! I can see no reason for the recent drop, my assessment of this company remains unchanged from when I first bought in. As the Sage of Omaha famously said, when hamburgers go down in price, we sing the ‘Hallelujah Chorus’ in the Buffett household. I'm tucking in!
yep, patience is certainly the virtue, as I have found out by selling out of several shares earlier than I should have (of course everything is easy with hindsight). As a relatively new/inexperienced investor I'm still trying to fathom how the markets seem to work. It's certainly not always how I'd expect, and it's really useful to get input from others on these forums. Cheers Dom
not to see this rising more steadily right now. More or less constant buying pressure so far as I can tell...
Thanks all for the input. Tend to agree with all posted - just surprised to see such a sharp fall (over 7% at one point today I believe) with no apparent obvious cause. But hey ho. It'll be good to get this election (and the inevitable nonsense and bickering in the aftermath) over with.
aware of any reason for the current drop? Not making much sense to me...
I'd imagine that if the free-falling share price doesn't put off would-be buyers then the ranting probably will... I have a small holding here, currently sitting on a substantial (%) loss. So hope the optimists on here are right and that all the published figures are totally above board. If they are then it would seem we probably have nothing to worry about, at least in the medium term. There's an 'if' in there though imo... Good luck to holders, easy on the ramping though (even if ramping isn't your intention, it's what many of the posts here today look like. And pretty desperate ramping too).
My logic: merely that markets tend to react badly to interference, Miliband is currently spooking investors in the housebuilding market, contributing to recent falls in SP for several major housebuilders despite an otherwise strong FTSE. For the most part I'll be delighted to be proven wrong...
keep getting a hiding for as long as Miliband keeps spouting market-bashing nonsense (IMO) and the possibility of him becoming PM remains on the table. If he's still leader of the opposition after May 7th (at least for a few days, before they kick him out...) then I'm expecting the SP to shoot back up towards 70p fairly promptly. If we wake up to PrimeMiliband on May 8th then, for some investors, this will probably become a longer-term-than-anticipated holder. However, solid fundamentals will out, it's just the timescale that changes.
Most people who write stuff for public consumption have an agenda of some sort. It's often simply that they want lots of others to read it - either out of vanity, or more usually because that's how (or partly how) they earn a crust. You'll generally get more readers and more exposure by being controversial and shouty than by simply writing anodyne stuff. Whether or not what you write is correct and 100% accurate is barely relevant, as long as you can be said to 'have a point' which strikes a chord with some. See also Clarkson, AA Gill. Of course, if you get things right from time to time (like calling a coin toss correctly 50% of the time) and make enough noise about it, then your followers (generally the converted to who you are preaching) will soon brand you a sage...
The following is of course just my opinion and views... The forthcoming general election - and the current uncertainty over the outcome - is having a particular effect on the attractiveness to investors of INL. The company's main strength lies in the excellent size and value of its land bank (not to mention its expertise in boosting the value of land by putting it through the planning process). Not only is this a major asset for the ongoing profit-making operations of the company itself, it is also of potentially very significant interest to a a larger house builder that is cash rich and needs or wants a quick and easy way of upscaling its own land bank (several house builders might potentially fit this description). So, there's potential for an acquisition here at some point - it seems pretty clear that the existing INL directors would not be at all averse to this outcome under the right circumstances. But here's the thing. With talk by some political parties of doing things like forcing developers to use up their land banks within a certain timescale - and perhaps in some cases use them for a certain purpose (eg 'affordable' housing) - then there's going to be a degree of uncertainty hovering over this company until the outcome of the election is known - and perhaps even thereafter. If the Tories get back into power in some shape or form then the uncertainty problem should go away. If Labour gets into power in some shape or form (heaven forbid - and I say that as a fairly left-of-centre voter) then the uncertainty remains until they spell out what exactly they plan to do (if anything) with regard to housing, developers and their land banks. Of course, in the medium term, nothing about the election affects the fundamental facts that this is a well-run and increasingly profitable growing company, and that demand for their product (be it development land, completed homes or residential lettings) is high and will remain so indefinitely. But investor sentiment influences the share price, and in the short term it is that which will need to coalesce in the light of the facts as they emerge. While uncertainty persists, the SP will inevitably drift IMO.
and wonder what all the fuss is about - 1% down on yesterday. Then I see that the day's high has already hit 69p. So... profit taking hitting the sp?
Lol The chart I'm looking at shows a nice prompt SP recovery after the 19 March interim ex-div date.
and helpful views and opinions guys, thanks
if it's £1.40 I'll have me a few more of these... It's 1.4 pence
and so of course the SP promptly drops back. Why don't I just keep my mouth shut.
and so of course the SP promptly drops back. Why don;t I just keep my mouth shut.
has good news for housebuilders today. That plus strong buy volumes ought to see the SP on the move upwards again fairly soon.
Market's well spooked today - ftse 100 down over 2% as I speak! Not been following the news today, but I'm guessing the word 'Greece' is going to be in there somewhere. Shame to spoil the start of Draghi's big QE splurge...