Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
TSCO's reduction in debts announced last month along with the interim accounts, prompted an analyst to comment that it will boost 20p a share. It did not materialise. I hope today's good news will boost substantial share price.
Is it a turning point? One swallow doesn't make summer as the saying goes. Difficult to say. Only time will tell.
I have got nothing new to offer. We are all certain that Petra's SP will go north, once the strike is over and problem at Williamson mine is resolved one way or the other. Williamson mine makes up only 3% of Petra's portfolio. If Tanzania government nationalise the mine without compensating, (there is a precedent. In 1972 Tanzania nationalise citizen's surplus properties without compensating) Petra will loose 3% of its portfolio. It is not a big deal. Petra SP has already lost its SP value by 2/3rd. It is very tempting to put my toe in it. The following factors prevent me from doing so.Firstly nobody knows how long the strike will last and secondly how long it will take Tanzania government to resolve the matter. In the meantime the SP will keep on drifting.
Several investors have bought TSCO's shares for £2 or more a pop. Currently sitting on paper losses. Their only hope is that on 4 Oct 17, the company will declare good dividend. TSCO has failed to pay any div since 19 Dec 14, which is reflected in its SP.
HSBA intends to buy-back $2b worth of shares in near future. It will help to reduce the number of shares available. At the same time part of its dividend is paid out by way of script issue. It will result in increasing number of shares available. It is difficult to understand HSBA's policy.
Pre-election, it was generally believed GSK will lose ground if Clinton is elected. This belief was reflected in share price in the last few days. Opposite was true if she looses the election. On Wednesday GSK price went up slightly. Since then the price is going in wrong direction. Even if you discount for the market that has come down today, still it seems it is over done. What other reasons could be for the fall in GSK share price?
When will the bottom come? Do you think a word or two from Bhp's COE will calm down the situation? So far not a word in defence from COE, who is siting like a house mouse. Drastic situation needs drastic measures. COE needs to be changed.
You are prepared to buy BHP shares at £8.10 per share and sell at £8.21. In my opinion, you are trading at a paper thin margin. If you take stamp duty into account, even leave out brokers' commission, it comes to less than 1% gain. What plans have you made for safety net at the time when the market goes against you?