Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
“It is likely to involve the conversion of a substantial proportion of the Group's external borrowings into new equity, an element of which may be sold to existing shareholders and potentially other investors. If implemented in this form, the deleveraging plan could result in material dilution for current Interserve shareholders.” Why mention this if there was a good chance of it not happening?
Sad day for long term holders. Shorts won, longs lost. Well done to the leeches.
Definitely. Way, way over sold.
Where’s meta? Is he buying today?
Thanks fate. Very easy to latch onto all the negatives. Sentiment is at its lowest point. I’ll continue to hold.
Can you remind me why and when you bought irv? It would help with my understanding of your views.
Maybe you should start but trying to focus on any potential positives that could come our way? If you feel totally negative towards the stock maybe you should just sell and move on.
Nothing to do with the fact that irv has a short interest of 6.49% currently? This doesn’t include positions under 0.5% which are undisclosed (which could also be substantial. It’s quite a lot if you’re unaware tinito. Interestingly, if/when any good news gets released shorts will close and there could well be a rush for the door creating a fast increase in sp.
With ref to your biggest risk of loss comment, you forgot to mention short trading. “When you buy a stock, the worst that can happen is that the stock goes to £0 and you lose the money you invested in it. When you short sell a company, you can lose much more. Say you short sell XYZ at £10 and then it goes to £30, you have lost more than what you put into it. This is much different from when you buy a stock at £10 and it goes to £0. A stock will never be worth less than £0.” Worth remembering if short.
Miken, it depends how you want to look at it I suppose. Some decent good news and you’re talking a very large short squeeze imv. I am now sitting on a fairly heavy paper loss, even from an average around the 70’s but I am going to continue to hold. I’ve seen it many times before where a share price has been depressed to an incredibly low level and then the recovery.
With reference to SLA’s stock picking, the sp may have declined but their dividend yield in now over 7%. Not too shabby? Maybe their sp is about to turnaround?
Maybe you are going to sell then?
Night meta. Maybe speak next week. Enjoy the rest of your Friday night. I’m working (well, kind of) so happy to check out some bb’s and kill some time. Should I feel privileged being able to hang out with you on a Friday night?
I must admit, your short is doing better than my long at the moment. I can wait though. I have also invested an amount that I can afford to loose, not that I think this will happen however. What I will say though, is that I have more trust in decisions / plans / ideas that are being created by the bod over that of opinions of shorters on bulletin boards. We shall see what next year brings.
Might let the ceo deal with that one in early 2019 ;) that’s why she gets her bonuses, remember.
A recovery plan can take time to formulate. I’m sure you can’t sort out the best deals for the company over night. Disposal of non-core businesses and raising capital via bringing new investors onboard.
Who is Mr Rawlinson anyway?? Maybe Mr Smith can give his view? Try not to take things so literally. Note the word “potentially” in his paragraph. It’s not fact meta, just someone’s biased view if you haven’t realised.
If anyone is struggling with understanding what’s going on here with the recent sp movements please read the posts from from bandit1 and take note. Excellent comments imv.
Unfortunately derampers are naturally going to try to make a comparison to clln to maximise fear. Irv have secured refinancing and won’t be going anywhere until at least 2021. At this point I hope the recovery will be well underway. Irv is not another clln imv.
What a load of tosh. Good luck with your short. Be careful opening one down here imo.