George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
With the new sanctions I expect a small rise in the price of Rhodium and Palladium which will continue to help our Q4 and Q1 numbers.
Regarding the share buyback, I agree there will be buying pressure until 30th June which should take us nicely back over 100p and hopefully over 120p. This, it course, will have zero effect on the bottom line but will improve our EPS ready for year end.
There are a number of factors contributing to the difference:
There was an expectation of profits getting closer in 2019, very few people expect Ocado to make profits anytime soon now.
Demand for home delivery increased dramatically from 2020. Now, people realise they actually enjoy interaction with other people and getting out the house here and there. Shopping is part of that routine.
Costs are significantly higher across every sector compared to 2019. This is a macro reason hence why the whole market is down.
This stock has been on the downward trend since Jan 2021, 16 months of decimating shareholders value and yet you'll still see investors hope that one day this stock will start to increase based on nothing but hope. The fundamentals are dreadful and the performance this year is even worse.
Do people buy cars during a recession? Yes, generally used cars. Does that mean you go out and buy Vertu Motors or Pendragon, no. Same with energy stocks. Higher energy prices are already priced in.
The question I'm asking is what is going to happen coming out of the recession? Where should I place my money now for something that will yield returns 12 to 18 months from now?
Your inability to give any sort of measurement to the share price fall suggests you never want to know when you are wrong. I gave my boundaries.
Despite any potential dead cat bounce, this share is heading southbound. Fundamentals are dreadful and technically this continues to sell off.