Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Looking at your recent posts there seems to be a pattern " I bought XXX last week, month, last 3 months (delete as appropriate) and the price seems to have done nothing but fall" Is the end of the world nigh? No this is just normal investing so get used to it or find something less stressful to do with your time.
Our glorious government seems to have concluded that the UK is somehow a special case with respect to Covid19 and that we will escape the fate of our European neighbours. For our sake I hope they are correct, but with per-capita infections now the second highest in the developed world being out infected only by the USA, I do wonder how long our luck may hold. I get my Covid19 booster this afternoon, but will I be going down the local to celebrate? Methinks not.
Ian Cowie (Sunday Times) has sold out of Carnival taking a 58% loss for his “ Forever Fund” having held the stock since 2016. Concluding that recovery is not likely any time soon he cited CCL as being one of “Cowie’s Clangers”. He recently exited Vodafone for similar reasons saying in both cases that despite the painful losses, there were far more productive investment opportunities elsewhere.
The charts tell it all. The UKOG SP has been in steady decline since the near 9p peak in Sept 2017, now over four years ago and has now fallen so low that it is no longer even dignified by the monicker of a "penny share". Trading opportunities are virtually zero, apart from a couple of sucker's rallies in the past year. No person in their right mind could possible consider this as even an outside bet as a long term investment so it beggars belief that posters still think it is. They are either locked in with huge losses and cannot bring themselves to walk away or have completely lost touch with the real world. Even oil majors like RDSB and BP (both of which I hold) will struggle over the coming years given the climate change lobby, let alone a no-mark tiddler like UKOG. Crazy!
Been in since way before the Pfizer bid average £33. This is just noise as the vaccine was always going to be at cost and have no significant effect on the bottom line. Chill out, this will march on upward in due course.
“So for 4 months the more senior demographic are going to want to get out, as have been house bound for 2 years, but not in the cold/wet, as such they will flock to wetherspoons in their masses for warm and community.” I admire your optimism, but the truth is that the worse the weather gets the more people stay at home!
Today's trading update is bad news. Older customers not returning, food sales down and continued labour shortages. Only bright spot is ****tail sales up due to younger demographic returning to pubs. Xmas trade will be vital for a recovery following the record loss last year.
UK Meat producers have started sending carcasses to the EU for butchering before re-importing them as they continue to combat a labour shortage. Meat exported in this way cannot to be labelled as British for UK sale and will cost an additional £1,500 for each lorry load of carcasses. This includes transport fees and Brexit customs requirements, such as an export health certificate for each consignment.
Chill out. There may be some lumps and bumps along the way but long-term this is going above £4.
"You sound more like a disgruntled Next or Primark shareholder who doesn’t like Mks born again reality". Really? Why would I be disgruntled as a Next shareholder? If I had bought next back in Jan 1997 I would now be sitting on a nice 70% profit! had I done the same with M & S I would now have lost 50% of my cash. As for Primark, please do your research. The brand is owned by Associated British Foods and has no separate share listing. Although ABF as a group has struggled recently, guess which of their brands makes the biggest contribution to net profits? Primark. You sound more like a blinkered long term holder of MKS sitting on a huge paper loss and hoping for better days, I have better things to do with my cash.
Dividend is 6.1p goes Ex on 18th Nov and is paid 30th Nov.
Only re-quoted to point out it was based on zip all. Jaeger went bust for a reason and packing your stores with pseudo-upmarket offerings which may bewilder the average M & S punter may not be the way forward. I still maintain M & S should ditch the clothes and concentrate on food. they cannot compete with Next et al. and are simply throwing good money after bad in what has been an ongoing saga of repeated mistakes for many years now. How many duff turnarounds do you try before admitting you were wrong?
"However, that all changed when Mks bought Jaeger and is making a roaring success of it !!!" where exactly did that statement come from? M & S only launched Jaeger in 12 "test" stores yesterday! A bit early to declare it a "roaring success" don't you think? As one retail analyst put it ""Jaeger is a beautiful heritage brand but the price point is very different to M&S. Part of Jaeger's prestige was boutique style shops and the experience has to feel good if selling products at 10 times the price of other normal products. The question is whether the shopper is going to understand it." In other words, the jury is still very much out.
" More mechanical engineering and less financial engineering." That boat sailed a long time ago matey and post Thatcher (like it or not) the UK became completely over-reliant on the giant that became financial services with the City of London (lap dancing bars and all) and big bang at its centre. What we are witnessing now is the slow and inexorable decline of the latter in a form of death by a thousand cuts. This will not end well for the UK.
The amount of time (and money) wasted by people on this dud oiler beggars belief! It is neither a good long term investment nor is it a particularly attractive trading opportunity. You could have made more cash day trading the £1-2 ups and downs in the AstraZeneca SP over the past month than from UKOK in the last year and without any prospect of losing your shirt.
Popped in here expecting to see that this had risen recently on the back of the energy squeeze but no, same old, same old. Glad I got out in the high seventies back in 2019 and that my other holding in this sector (SSE) managed to rid itself of the millstone that is retail energy provision. SSE has gone from strength to strength since selling off the retail business, but CNA is still saddled with the ongoing s***show of price capping.
They have delayed announcement of their results due to the increased financial complexity of audit resulting from the new acquisitions. They hope to have the results out by the end of October and that is when the dividend will be announced probably for payment in November now given the delay.