Member Info for Fishysaurus

I have always preferred an approach of under forecast and overachieve-- happier with a 21p forecast and hit 40p, than a 60p forecast and then hit 40P.

I know it the same end result but companies that continually beat forecast and drive forecast upgrades usually are the better investments I have found.

I suspect that at the end of the tax year a lot of the recent selling was due to the large CG gains people had.

I wonder if we get a bounce upwards on Tuesday with either people buying back or with new ISA subscriptions ?

Well it worked well because the price started moving up !

Even though I have a fairly full holding of SLP bought at much lower prices, I have decided to ruin my average buy price !

I have placed a few low buy orders in, just in case we get a repeat of yesterdays flash dip !

If I don't get them so be it, but if I do I can always sell after the reversal for a small profit.

Probably a P&D

I bought into JLP at the back of last year.

I transferred an IF ISA into my Stocks and share ISA, in January, with the intension of buying more JLP.
The price had increased quite a bit since my initial purchase and I thought I was 'too late', but in late Jan the price dropped considerably for no reason, so it turned into a great buying opportunity that I thought I had missed.

My view is this small drop is just such an opportunity, my guess is that end of year tax and capital gains realisation is driving some of this. If it drops any further I will be after another 100k of them.

Personally after losing a lot on SOU, I invested in SLP and JLP (both into PGM metals) and have more than recouped my losses.

JLP is also diversifying into other metal through surface tailing recovery....and looks like it has some legs. SLP still undervalues on a P/E basis too and starting to pay decent divi's buy DYOR.

I wonder if the price is being 'held' at this level to allow an II to get onboard, there keeps appearing large after hours transactions that appear to be buys.

Once they have bought their 'quota' perhaps the brakes will be released.

I suppose if toilet paper was still hard to buy, then paper share certificate in this dog might hold some value.

Even more once they had been used for said purpose.

I thought we might get some movement today, with ex-div on the 4th....lets see what happens tomorrow.

If you plot the SP of SLP and THS over the last year they are almost in 'lockstep'

Closest thing I have seen to legalised theft... legal but....

We are all welcome to our view, however there have been a fairly large buy in by IIs recently to JLP.

Of course they may all be wrong and you maybe right.....lets see

We certainly appear to be rather range bound at the moment, breaking above 120p looks very difficult, I thought that the divi announcement and the result might help, but it appears not.

It is hard to see what exactly will give us the next push, I agree this is significantly undervalued but the SP doesn't want to agree with this view.

As for the SLP vs JLP debate, I am in both. At the moment I feel that JLP has more potential to 'bag' than SLP.

I only have these due to the misfortune of being in SOU under Parsons time.

Feels to me like the placing is just a way of funding the gravy train for a while longer.

If they actually find any prospects, then this will be quietly taken private and the riches will not go to the PIs....it feels that all of Parsons projects looks rather like as a wealth transfer operation, from investors to him and associates.

I know that SLP featured in the IC some weeks ago under the Trading section.

It feels as though the traders are taking the SP upto 120 and then marching it back down again each time.

Hopefully the divi announcement might catch a few out and break the 120p barrier (it was similar with the 100p level)

I fully support all the analysis and in particular the emphasis on the significant value that Rh is in our basket.

I am also in SLP and it is exactly the same there, where the % of the basket by weight is small but the value is the greatest for Rh.

On a similar topic, I wonder if Simon Thompson of the IC might include JLP in his 2021 Bargain shares, it is just the sort of share he likes, having recommended SLP in 2018 just before things took off there. If he did the extra PI buying would certainly have a beneficial effect.

Bet now the IIs have filled their boots this will rise quite quickly. (and indeed has since the RNS)

Whoever it is, their investment can only be a positive endorsement.

In the meantime, I have taken advantage of the drop from 13p and picked up quite a few more.

I am happy to sit for 2 - 3 years and then see where we are.

Some people (like me) have held this for a while from quite low prices.
Either they now have portfolios that are so top heavy that they need to sell, especially funds that have mandates that stop them from holding too much of 1 stock for risk purposes.

Or they take some of the great profits and recycle them into similar stock that perhaps have more upside ie JLP.