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Is it too early to make a stab at a final dividend forecast? I need to invest my ill gotten gains from the Covid testing stocks I think need to depart my portfolio, as the virus, I optimistically suspect, will soon depart our lives. I'm pretty heavily invested here but with the gold price holding at these levels, barring some catastrophe, we must be on for a mega year.
All three of them up substantially today and we're heading down. Go figure.
Same here. Seems just to be a bit slow though.
I'm only slightly less than a rookie, but I'm really coming to the conclusion fixating on the immediate share price is not particularly helpful, in fact probably counter-productive, pretty stressful and generally bad for your psychological health. I've got a little addicted recently and it's doing me no good. The market is a serious jungle full of tigers, mosquito's, leaches and every other bloodsucking critter imaginable, I think the less time you spend in there the better.
"Confidentially" makes me think that email is a hoax. As most clearly demonstrated by it's appearance on this website the email was as far from "confidential" as could be. Either the CEO isn't actually worried about confidentiality, which is pretty worrying, or the email is bxxxocks.
The pound and the FTSE are up today, I don't think this story has had any material effect on anything related to this share or anything at all in fact. I'm sorry you're so frustrated, it's been a very frustrating time, but if he broke the law or indeed some new rules then he should be prosecuted for it and if found guilty he should certainly face professional sanctions. He isn't being prosecuted because he hasn't in fact broken any law. I do believe we have a proper separation of the judiciary and the executive, as was pretty clearly shown in the Brexit procedure. Making people resign because people are frustrated and don't like someone would be a very dangerous precedent indeed. Mob rule might seem appealing when you're part of the mob, but it's very difficult to tell when it might change it's aim and you find yourself in the firing line.
Ah, I see, thanks.
What am I missing guys? That link says 40,000 not 3.84 million.
Thanks Tiger, I have a feeling it's time to make the best of this corona dip before it disappears into a the memory of a weird collective trauma. I usually don't take active interest in my shares, but this situation seemed to offer so many opportunities I've been much more involved. I have made quite a lot of money, although I'm not organised enough to know if it's in fact better than if I'd just let things be and the keeping such a close eye on developments certainly exacts a psychic cost I'm not at all happy with. Corona testing shares have been going all over the place and I've ridden that wave quite well, but I have to say the BS in those boards is really grim, it's nice to be back in civilised company. I'm looking forward to going back to checking up on things every month or so and settling back into some un-hyped shares with good fundamentals. It worked well for me with CEY so I think I'm going to take a deep dive in here. Here's hoping for a speedy decline of the virus in Eqypt and South Africa.
Hello Tiger, I have always appreciated your input on the CEY board. Centamin has been a great investment for me over the years. I only wished I'd stuck with it more and resisted the, albeit infrequent, urges to take profits or try to trade. SLP appears to me to have a similar story to Centamin, only a few years behind, so with more potential, and maybe even more appeal in that their commodities are useful in critical growth industries. Of course the concern with small stocks is the reliability of the management, which has stung me on a number of occasions now. So at the moment I'm considering increasing my holding here, the only thing holding me back is this concern about the corporate governance. The two things that concern me are their woolly dividend policy, with what seems to be avery low dividend with an unreasonably high dividend cover last year, and their registered corporate headquarters being based in Bermuda. If you can provide and assurance on those issues I would be very appreciative.
Even Singapore keeps getting cases, but almost nobody dies over there. If people get the virus but don't suffer severe consequences why lock them up? We use prison as a punishment, but nobody's done anything wrong here. The vast vast majority of people are not at any meaningful risk from the virus and even those that are vulnerable might wish to take the risk in the last years or months of their life to see their friends and family, taking what precautions they can, but try to enjoy what is only going to be the last short period of life anyway rather than die alone and depressed. We're saving the lives of a very few people by taking away the joy of life for everybody and it's ridiculous. Give people the information about the risk they face in their own particular situation and let them decide how much risk they're willing to take.
Won't all those things keep the price of oil down? If storage is expensive they will have to lower the price to convince the storage facilities to take the oil. Costs of shutting down and reopening wells will mean production remains high so there will remain an oversupply and the price will be unable to rise.
Thanks Kevin0541. So you seem to agree that the Mcap is more related to earnings than revenue? The multiple to be applied to earnings changes by sector, but basing a mcap on anything to do with revenue is extremely speculative. So should people be very wary when they see someone calculate an Mcap based on a multiple of revenue on these BB's?
I keep reading a lot in these health care stocks about their Market capitalisation being a multiple of revenue. I'm used to value's being worked out on a multiple of earnings. This makes much more sense to me on the basis of the old adage Revenue's vanity. profit's sanity. It's the profit that can be distributed back to shareholders as dividends that justify them lending the company money. Revenue on it's own is a very wishful way of valuing a company. Is there a good reason why health care stocks are valued like this?
Dudes, I think i win(?) I bought at 84p! And that's my average. And not a small stake either. But my portfolio is at it's highest ever. When I first started investing I hated the idea of diversifying. Inevitably when one share goes up dramatically you convince yourself that that was the one you really believed in all along, if you'd just followed your gut and went all in you'd be sipping Margarita's on your superyachyt. Or at least you'd have paid off a good bit of the mortgage. Then you'll see the same share crash down to Earth and you'll be bloody glad of those boring utilities that at least stopped your portfolio disappearing altogether. I'm no Warren Buffett, maybe now is a good time to do something different, but getting too uptight about the price of one share on one day is a sign to me that maybe you need to assess your risk profile again. Stress is extremely bad for your health and no amount of money is worth sacrificing your health. Anyway, I'm still with you, I hope you're conviction makes you rich and me marginally more secure.
I would love that to be the case, but that's not normally the case with vaccines. Once they've proved the efficacy of it you have the vaccine and it's assumed you have the immunity. I've never been tested for antibody's after a vaccine and I've had many.
Thanks mrtibbles, I'm not down, I'm counting my blessings I have a nice bit of land, enjoying the sun, thinking of the poor souls stuck in flats. And the heroic men hauling that gold out of the ground in the Egyptian desert for our benefit, as well, I hope, as theirs. And I agree 100% about CFD's. I tried it briefly. As much as you're warned about how the losses can multiply it's hard to truly appreciate how quickly your money can dissapear until you take out a contract. In fact I'm glad you reminded me of that, I think it's pertinent to my current situation. I'm fully convinced that making early losses on the CFD market saved me a fortune in the long term by getting me out of it before I'd made any easy money and fooled myself into thinking I had a knack for picking short term trends. I was a fruit machine addict as a child, that CFD market is no different, only much more destructive. Us PI's can have an advantage on betting on long term trends based on economic fundamentals, we're always going to get screwed betting against what is probably by now artificial intelligence working out the short term spikes and troughs for the hedge funds. All the best.
Thanks, I think I'll just see it as a test of strength of character to acknowledge my own mistakes, which in the long term must be worth more than a few percent on my shares. So I'm jumping back in with you all, I just can't see where's better to put my money with the gold price as it is. And at least I've made sure the stinking government doesn't get its infected paws on any more of my barely earned dough than the minimum. I mean it's not like they need it right now!
Damn it guys, after holding cey for many years, resisting the temptation to trade, I decided to sell almost all my holding to lock in a tax gain, thinking it always goes up and down, so I'll just jump back in again when it's a couple of % lower just to cover my costs. Since when it's gone up 20%. With the gold price and global economies where they are it still looks like a great investment, but damn it's hard to swallow that sort of bad judgement. If I buy and it goes straight back down to where I sold I'll cry. I might even howl. Tell me you've all done things like that so I don't feel so bad.
Wow, it was much more fun yesterday when all these small health shares were blue. I felt like Warren Buffett, now I just feel like those speed-talking warnings about the value of shares going up and down and not investing what you can't afford to lose were directed straight at me. "you idiot" they might have finished with.