The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
See you on this or some other boards in the future.
All the best to you too Helpme.
Best wishes, Prof
Hi Helpme,
Sorry to see you go but as StrummerJones says, there is no shame in reversing an investment decision if you are no longer comfortable with the facts as they unfold differently to how you expected.
Good luck with you investments.
Best wishes,
Prof
Sotolo,
Yes I remember their commitment to this year's dividend - it is next year's I worry about. My hope is that 2023 revenue is good enough to pay and current levels without it being uncovered and that they decide to take the hit and pay next year's from reserves too. I would rather we avoid any excuse for Mr Market to smash us (again).
Best wishes,
Prof
Hi Sotolo,
Yes I loved every word of his post but particular that 'dissenters are welcome' (hello Sotolo) and that gold has to stay high for long enough for CEY to get its costs under control.
Thought about buying some more THS today but actually bought more CEY. Can't help but think, provided gold doesn't do anything silly, that CEY is going to rise and rise from here as Horgan delivers and the market regains faith. My biggest fear for CEY, other than the price of gold falling, is that in the H1 update, they announce a reduced dividend and that all the investors who here for the juicy yield, decided to exist hence driving the price down.
My biggest fear for my heavy miner centric portfolio (CEY, FRES, JLP, RMM, THS, SLP) is that the overall market that I consider to be stupidly valued, crashes and drags them down too.
Tomorrow is another day (GWTW) !
Best wishes,
Prof
Adamsmith,
Love your post which echoes my thinking exactly - just put more succinctly than I ever could!
Best wishes,
Prof
Kalimera,
Don't worry about that, it is Thursday and Centamin always goes down on days with a 'y' in them.
Gold has just fallen c $10 so suspect that is the cause of Centamin falling off after a positive start. Would have liked to believe the lack of anything negative in the latest update would have been enough for a slight move up today but to me the important thing is that the new management seem to be getting a real grip of the company and putting right past shortcomings. The market had lost confidence in Centamin's eternal 'jam tomorrow' and disappoint updates.
Morning Sotolo,
Interested in your last post. Why did you sell Fres yesterday please? I was thinking of buying some.
Tempted to push the button on HOC as you are.
How are the finances lining up for the house?
Best wishes,
Prof
Tharisa,
You really are an example of investor relations for other companies to follow in how you post results on key BBs.
The speed at which you responded to a question regarding those results just blew my socks off. A sign of a real class act professional company, if we needed any more proof after such strong results.
Well done and thank you,
Prof
Hi Uncertain,
Good to see you pop up here again. I am watching but not posting much at the moment. What is there to say other than we've got down again and are a bit stuck. Looking good from next year and particularly the year after IMO but just have to hope gold stays strong for long enough for the market to start pricing that good news in.
Good luck playing oil.
Best wishes,
Prof
Sotolo,
Your thinking echoes mine that the fall is likely to be people not liking the trade off of a certain pound in the pocket now being spent to generate a speculative higher return. Mining's track record is certainly not the best in this regards.
Best wishes,
Prof
Hi Sotolo,
Great to see you here too. You are far better at chopping and changing between your shares than I am. Well done particularly with the tanking of CEY today which is in the unpleasant, but unfortunately not unprecedented, position of being the FTSE 350 top faller.
Best wishes,
Prof
Rulocal,
Thanks for responding.
Gogetum,
Thanks for the link. Took some trawling even with that to find the one line reference. Wonder if it is an error?
Best wishes,
Prof
Don't know if it because of a broker rating or the expenditure plans on Dorropo but the market is not liking something with CEY today. We are down 5%. Not what I was expecting with gold hovering around $1900.
What are people views please?
Best wishes,
Prof
Hi Rulocal,
Can't find the Liberum guidance. Do you have a link to what you have found please?
Thanks,
Prof
Theresa Investor Relations,
I echo the previous comments. Monitoring and posting on this board is very much appreciated and shows brilliant professionalism. A real shame more companies are not as forward leaning.
Congrats for today's great results.
Best wishes,
Prof
Hi Stormer, ignoring the issue of Librium's low guidance I would have thought this RNS could drive CEY significantly higher, although not in one go. Once delivered it will address the fundamental concern that many have of CEY being a one trick/mine pony.
Let us hope for a nice blue day.
Best wishes,
Prof
Hi Red,
I sometimes think that when I have done a good trade. But the salary check is guaranteed and never starts with a minus sign...
Best wishes for many more successful trades.
Prof
60% equities, 40% cash.
Vast majority of my equities are commodity centric.
I have however been positioned like this for about a year so have not benefited that much from the recent broader stock market surge although have done well on some individual commodity stocks.
Best wishes,
Prof
Hi Office Manager,
I guess that depends on the individual.
In Tiger's case, given he is an astute investor, my guess would be that he didn't walk away from RMM as he believes in the company long term but thought is had got ahead of itself hence why he sold. He was presumably still watching so that if he was right and it fell back he could buy back in.
What do you reckon?
Best wishes,
Prof
Tiger,
Yes I remember now. I think you had also sold out of SLP but were in BOD. Is that right?
You have been spot on with RMM.
Best wishes,
Prof