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to the 21 may 2012 low maybe? so i bought at 126
to spot the reason why this is so undervalued, NAV is 50p, 25% of market cap in cash, forecast net profit £7m so it does seem to be worth some 4x current price. Clearly gold is on the rise after passing and supporting above its 20 & 50 day ma, the same here. Ive seen evidence of those that use gold as an investment (as they have no access to banks) starting to buy so im seeing the early demand increase. Its been on my radar for a while so have been adding last week. Even allowing for some weakening in the USD it seems a bargain.
they have increased cash by $6m in the last 6 months and have bought back 1m of its own shares. Anyone have anything without mentioning Oil that justifies a market cap below its cash position. seems to be ticking too many boxes for me.
Cash at 31 December 2015 amounted to $20.2 million. and the market cap is £7.7m funny times
FPE 7 4.3% divvy NAV 130p Director buys £100K @ 135-138 Ticks a few boxes so Im in, plenty of bargains around it seems
Classic flush out imho, I bought on the drop, been watching this for a while.will keep until nw sells or directors sell. Think they all paid 220+, got a reasonable dividend I recall. Got 240 as my target
isnt it just following a chart pattern maybe hold 446 for a few days maybe to 438 briefly then up, having said that have we reached the peak of the property market for a bit, i see very few sites starting now like i did. prices in some areas have gone up 24-28% in 18 months, seems like a spike to me. BTL investors slowing down on purchases also.
and me too been adding a few
nice rise worth the patience, RSI is getting a bit high now so worth watching this
the same projected production levels and costs as centamin which is valued 10x current price on a low gold price. NAV also 42p. Worth buying here and sitting on them. No interest in gold despite the name, but its a good long term buy IMO.
yes i agree but attributed to the world cup as many wait until its over before booking, bookings have picked up the last 10 days ive been informed by someone at TUI. Interesting reaction to a very good RNS but adding caution. Just says a lot about peoples vision really.
string of directors buys, good technicals, book value 4p and broker targets 7p. Diamond prices on the up.
accumulating sub 240 slow reversal
on my watch list but not in currently, lost its support at 275 so it looks like people are fleeing, 240-243 might be a good entry unless there is something regarding trading that isnt great.
they bought 1m at 17.5p close
seems about right
i also have this on my watch list amongst others but have just realised that it was tipped by the naked trader and he sold out at 91p making a loss.......the rest is a familiar story of supports being broken. Not sure where the bottom is here but looks like its got a way to go.
ive been waiting for 260 to 261 so nearly there
watching from a distance, Hit that resistance level again, i think what gave this a push last year was an article in a newspaper mentioning that it passed the zulu principal, doesnt seem to pass that now though.
I'm in SE asia now, i mentioned a few months ago about the countries around this area all trying to become the dominant net provider so my guess is there could be discussions ongoing which has leaked (typical for this region) just a guess