Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Well done to those who topped up at the low 80s. With results round the corner I wasn't brave enough to do that. Glad to see the rise today nonetheless
Exactly what I was gonna say oldbaldy. The way I see it - here we have a product that is ready to be monetised, closer than it was 12/24 months ago, more collab announced with AZN, Novartis, etc, revenue is up and debt down YOY, funded, CEO bought in and backed by likes of IPO, yet the SP is where it was 12/24 months ago. Only thing that has changed is sentiment, as "investors" on AIM want to get rich quick and are getting out chasing rainbows. I see this as the basement entry level, close to placing price which institutes bought in at. All IMO.
Apparently touched 76.69 this morning - it's new 52-week low almost every day. Keep telling myself these prices are getting silly - better average down than sell at loss. Haven't done so yet as feel like topping up now is just catching a falling knife. KIE and MGNS have fared better. Surely it's down to management now? Or am I missing something?
Was only 4 months ago that this was trading at 150s. Now with more contract announced it's almost halved. Someone please make sense of it all...
Topped up myself this morning. It's creeping up to become one of my biggest holdings. Might get a bit twitchy if it gets too big. Hope I've made the right decision here. As some have already alluded to, I see it as a ground level entry here with plenty of upsides. IPO investing I see as a vote of confidence. SP down today perhaps it's some holders expecting something more that didn't get announced today and decided to cash out. It's time for the company to monetise the product, but maybe a little patience required - hopefully not too long. All IMO.
Very disappointing to see another new 52-week low today. Just about every PI would be down I guess, just a matter of how much. I really can't make of this price action, with the number of contracts announced in the past few months
Yea, when I saw the placing headline I thought uh oh... but then it's at 44p, but I'm hoping there isn't going to be too much of an overhang. Board also striking a rather cautious tone - covid impact expect to last longer, expected increase in debt, etc. Bit of a mixed bag today, but hopefully with the placing at 44p it provides a bit of a basement for the sp.
That explains the drop last week. When I saw the RNS headline my heart sank a little.
Looks like it. Tried to buy more when it dipped below 38 but nothing to buy. Did a dummy sell and able to sell all at 37.85
Part of me do think exactly this, with results due next week. The trading update back in July was not bad even though the CEO did strike a bit of a cautious note. Again given the nature of the business it shouldn't be too impacted by covid. The time of this drop from 50 to sub 40 is also interesting with results just round the corner.
Now that we have broken 40, I have thought about averaging down, but concern that I'm catching a falling knife. Tricky finding where the bottom is these days.
https://shorttracker.co.uk/
That said, 0.5% is very low compare to what others have on, so I think the drop could probably of other reasons...
According to short tracker, one short of 0.5% was opened on 17/7. It was the time when we have seemingly turned a corner and things were starting to look up. Maybe that could partly explain why the SP has dropped from 120 since then?
Very strange indeed. I too noticed the £1m uncrossing trade at 16:35 yesterday as well, and then today same thing...
Haha. Same here Morbox. I read the AML RNS and thought it wasn't even remotely positive yet it's gone up 12%. Well, what do I know... Markets are irrational at these times. Let's hope that the HY results are ahead of expectations and a quick re-rate to 120+
Aren't we all Morbox. I see 110-115 as a strong support level but that's been breached. My worry now is - do someone know something we don't in the upcoming HY results...
Agree with yarde here, though even if retail revenue is off the cliff, it only accounts for 45% of total revenue (according to the final results), with online being 49%. There's no reason why the sp is as low as £1 here, seeing as other bookies' sp have reached pre-covid levels. As a holder I'm starting to think there might be more at play, Is it the debt? Is is the selling pressure post placing? I really don't know, and it's frustrating to see this slide, regardless of the FTSE performance. From a technical point of view, now that the gap at 107s has been filled I'm hoping that it'll start going upwards. If not then we're looking at around 93-95s. I'm hoping that it doesn't get there, and will be seriously considering topping up at my already large position if it does. Atb
Novice42, Ulrik has so far done an ok job I think (since his CTO days, then now as CEO), but his tenure before Hills at Betsson was decidedly mixed. I wouldn't say "top notch" just yet. but I'm hopeful he's got it right here and at these prices, it's way undervalued compare to other bookies.
What's behind the quick rise in the afternoon? Wasn't really looking too closely as it seems a rather dull day but then this? I mean, any rise is welcomed, but would be great if someone can make a bit of sense out of it...
Agree with pmoran and CJ here. Fundamentals and outlook are still sound but market these days don't operate on fundamentals and frustrating to see the sp sliding. Traders milking it making 10-20% jumping in and out of different shares but harrowing for holders.