Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
....since the JP Morgan downgrade and 23% of my portfolio is now in Saga. I’m expecting steady results with the divi maintained. I feel we will be around £1.55 inside next 12 months. As always DYOR. Let’s see what tomorrow morning brings!
....since the JP Morgan downgrade and 23% of my portfolio is now in Saga. I’m expecting steady results with the divi maintained. I feel we will be around £1.55 inside next 12 months. As always DYOR. Let’s see what tomorrow morning brings!
....for my portfolio...over 3% down today alone....RMG holding up well in the circumstances....
I reckon the game is over. Very best (tiny chance) someone else comes in or Apollo re-enters the fray and offers another few pence above the current offer price.
It's clear the board just want to sell and are not interested in achieving best price for company. It's impossible to be entirely accurate when valuing such a sprawling enterprise but I estimated £10.50 - £11.50. Less than £8 is dismal and I hope IIs and PIs all vote against the offer and the CEO gets the boot.
Thanks ianian, very useful. I've been a PI for 25 years and pay little attention to broker recommendations (other than I'll get a short term spike or drop when they cast an opinion)
Nowadays I'm a long term investor so don't worry in the slightest.
Your toss of a coin analogy is spot on - having read the JP underweight report I think it is mainly based on speculation rather than solid fact (the facts are contained in the latest update from SAGA) so yes they are tossing the coin on whether their opinion is accurate.
ATB Furry
The BOD of this company should hang their heads in shame, they've now decided to accept a slightly higher (but still laughably bad) offer from Berry for the company.
I sold out when Apollo offer came in and offer my condolences to every PI in here who has been very badly let down by those running the company, they've managed to look after themselves very nicely though....who'd have thought it!
I had a chat with the postmaster at my local branch a couple of evenings ago, I commented on how quiet the branch had been recently (they have just shed one of the three staff members) and she confirmed that parcels are "noticeably down" and that letter volume is "almost non existent" I asked why she though this was and she replied "Brexit is killing us"
They are looking to add more services other than letters and parcels....Moneygram etc....but obviously these wont help RMG shares....
Still got the feeling we have a way to fall here and think my previous £2.50 buy in price is now too optimistic.....instinct telling me we could go significantly below £2 this year....
GL to all whatever your opinion.
....is really fragile here....one broker downgrading a notch has resulted in a 9% + decline despite VERY recent trading update confirming all is fine and in line.
I will be buying again for sure but have a gut feeling we may be heading for £1 - £1.05 short term at which point I will be back in. I have a lot of shares in SAGA at around £1.20 and will continue to be patient as I like the divi and the brand loyalty this company recieves from it's customers.
I thought the news yesterday was excellent and I feel the share price will cross the £1 threshold in the coming weeks. I hold shares in PMO and this is a personal opinion. Don't worry too much about short term oil price volatility, focus on the much improved fundamentals.
GL ALL.
.....with the downgrade. I expect trading to continue in line with expectations and for the dividend to be maintained.
With the 6% decrease in share price this morning I am upgrading my forecast from hold to buy.
;-)
Hi Mate hope you are well....so I've got a tenner already banked...anyone else?
Fancy a fiver on it? ;@)
I reckon within the next 4-6 weeks and I will be back in when we get there.
Why would anyone want to invest in a company that has thousands of people who rate the service as "bad"?
In percentage terms 90% rate BT as "bad" and 4% "poor" I fear for the long term future of any business that treats it's customers this way.
https://uk.trustpilot.com/review/bt.com
I sold all my shares a long time ago and would never reinvest until there were huge changes to the culture at this failing giant.
Sell
The markets had a really good day today and still RM closed down over 13%. God knows how much the price would have fallen on a bad day.
Think further significant falls ahead. Can’t see what will prop this share up at the moment.
After taking time to read and consider I am not at all convinced by these numbers. Following a big profit warning last year for RM to trim profit expectations again is not good news.
I sold all my holdings at the time of the PW and nearly bought back at £2.75 but decided to wait for a trading update. Now I have this I certainly won’t be buying anywhere above £2.25 as feel that is where we are heading.
I’m a fan of RM but the business has much work to do and there are far better opportunities elsewhere.
Sell.
The price could head south today....