TechMin, the battery metals recycler/explorer, gave an operational update to London South East. Watch the full video here.
Share price is down..
-92.94% (all time)
-75.89% last year
-57% last 6 months
-24.5% last month
-5.70% last 5 days
Interesting how the share price was booming at well over £3 a share + strong uptrend pattern, then it all started to go pear shaped when the company bought regal. It was a terrible business decision to take on so much unnecessary debt, destroying the share price in the process. Yes, we could argue covid is partly responsible, but taking on huge unnecessary debt and the Cineplex fiasco are down to mooky. There are some good movies lined up, but almost all stocks are likely to continue heading down over the coming weeks and possibly months due to world events and a global sell off. The best place to be is on the sidelines. Put your money in a cash Isa or stuff it under the bed in a tin. Anything is better than being locked into stocks during a strong bear market, watching the value of your investments shrinking away every day. As soon as the first glimmer of hope and positivity returns to the markets, that'll be the time to invest, but that's so far away right now it's hardly worth even thinking about. 2022 is looking like a right off. It's a good year to just save into a savings account and look again at stocks after Christmas, there's sure to be plenty of bargains around and 2023 might be a better year.
The share price is falling here due to the rising cost of fuel and food. Prices are going to have to go up - and that will probably lead to less holiday makers booking cruises. The wealthy may be immune to rising costs, so they at least are unlikely to be rushing to cancel their holidays. There's no quick fix unfortunately so can't see this stock going up by much anytime soon, with further downside risk likely. There's a theoretical floor of course, I'm guessing is somewhere around £6 or so. Personally, if I was looking to buy in, I'd wait for the chart to flatline for a few weeks just to be sure the bottom has been hit, margin of safety and all that.
The reality is people will probably continue to go to the pubs and cinema despite rising inflation. Unfortunately, the markets are in for a torrid time for the foreseeable future - the global sell off is unlikely to stop anytime soon, infact it may even accelerate. All stocks, with very few exceptions, are likely to continue to drop further over the coming weeks and possibly months. There's very little money to be made for longs right now. At some point, what goes down may eventually begin to go back up presenting a possible opportunity, but right now any talk of bull markets is a very, very long way off with so much sh*t going on in the world.
Polaris dont need the money. They're a huge company. Reducing their holding is unlikely to be about freeing up capital, it's more likely about de-risking their position/reducing exposure. It appears they see risk ahead, most likely the appeal and how the company intends to pay if they lose (and what that'll look like in terms of share price/stock dilution).
Simply Wall Street says Kier Group is trading 82.5% below fair value
They have fair value at £4.33
This does seem incredibly cheap @ 75p? No?
I'm just stating the obvious - the markets are likely to be nervous with monkey pox cases rising fast across Europe, UK and the US. I'm not sure if there's a vaccine? It's possible this is a new vaccine resistant strain? If there is a vaccine it might not be that bad. If it's vaccine resistant and cases explode, the markets are in for a rough time.
There's no easy way of saying this but I think the markets are going to be spooked come Monday morning :
Britain could see a rise in monkeypox cases over the coming weeks as the disease spreads across Europe, a top scientist has predicted.
Charlotte Hammer, an expert on emerging diseases at Cambridge University, said she is “certain” cases will surge and that we will “see new infections among those were in early contact with the outbreak’s first cases”, while US President Joe Biden claimed “everybody should be concerned”.
With the court hearing quite some time off, for now at least that particular concern can perhaps be put to one side which gives investors and speculators a brief window of opportunity to play the dips in relative safety. For that reason, I wouldn't be entirely surprised to see a bit of a bounce at some point. As the court hearing gets nearer however, I think many holders aren't going to want to take the risk and we'll see another strong sell off. Shorts won't close ahead of the hearing, in my view. Infact they may even increase. Sensible investors will wait until after the hearing before deciding whether or not to invest. They may play the dips over the coming months but they'll make darn sure they're out before the hearing takes place.
The theory is rising inflation will result in less people going out to pubs, less people buying bottles of beer in the supermarket. The reality is rising inflation will do little or nothing to stop people drinking at home and going out to pubs. The supermarkets continue to see huge quantities of alcohol sold each year, despite the pandemic, despite inflation. And go to any town or city centre on a Weds, Thurs, Fri or Saturday evening and it's chock full of people out partying, pubbing and clubbing and having a good time. Pub stocks are down, but the low share price doesn't reflect the popularity of the pubs or their products - I don't think the market is valuing the pub chains very accurately right now. From an investors perspective, that spells opportunity.
A turn for the worse regards the Ukraine situation could seriously rattle the markets. And right now that's looking like it might happen because Finland and Sweden look likely to join NATO - a move Putin is warning will result in serious consequences (possible nuclear strikes?) Right now the world is teetering on the edge of WW3 it's a more dangerous situation even than the Cuban missile crisis. The stock market is extremely vulnerable right now with so much trouble going on in the world.
Cineworld will, in my honest opinion, only become a speculative buy IF (and it's a big if) - if the company wins their appeal and no longer has to pay this huge fine that's hanging over them. Until we know the outcome of the appeal, I honestly wouldn't touch this stock with a bargepole. Because if the appeal is lost there's no saying how low this could tank. If they have to raise £700m to pay Cineplex and try to raise the money by way of a placing, we're talking 3bn new shares. That kind of dilution would decimate the share price. With nearly 5bn shares in issue, the share price would be somewhere in the region of 5-8p. Nobody knows for sure how the appeal will go - so it's a pure gamble at this stage. I will say if the appeal goes Cineworld's way (unlikely imo) but if it does, then of course there'll be upside. But it's a big if at this stage.
Majortom, a lot of people have bought 4K TVs now that the price has come down. You can buy a massive 75" 4K TV from Curry's for under a grand. The picture quality is incredible and it really does feel like you're in the cinema watching a movie on a screen of that size. I think a lot are choosing to stay at home and stream from Netflix - it's a lot cheaper and on a big screen it's comparable to being in a cinema.
"Mooky was particularly smiley and pleased in my opinion"
Maybe he's recently taken delivery of a brand new Ferrari? This from a recent article:
Mooky Greidinger raked in nearly £1.48m, up from £830,000 in 2020. The figure was boosted by a hefty £646,000 bonus.