Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
This is the beauty of the stock market. Nothing needs to make sense and plenty of people will tell you afterwards why something has happened. There is only one thing more crazy, and that is we pay experts and financial advisors massive salaries and they really have not got a clue, just wear a posh suit and talk utter shite. I've lost �400, then made �400 then lost �100. Who knows what will happen tomorrow. It is like Alice in Wonderland on acid. But, if we can make a few scraps and the experts a fortune, then we have all done well.
This share is going nowhere. The restaurant is crap and overpriced, it is stuck in the 80's. The pubs may be going places but the only place Franky and benny is going to is the dogs. I am a shareholder and made money out of trading, but would never hold long term as the price is determined by the market makers and shorters. As I quoted a few days back, good buy signals when paper quoted sell. Almost to the second that a so called expert makes a recommendation, the opposite happens. GLA Keep trading to work those losses off.
Goodshare, Glad to hear that the immigrants are entertaining us. The country needs more entertainers after Yewtree.
QE. Just read the account of 'Awesome Oscillator buy signals '. Just goes to show that you need a big bowl of peanuts to pay these professionals. Don't think the oscillator could find his own ar@@hole. Just my opinion, but if you were 10% down, you may have your own thoughts on oscillation.
Peel Hunt have upgraded this stock to add with increased SP. I would like to upgrade my prediction to add with SP of 290. It is amazing how easy these predictions can be with hindsight. If only they had upgraded before the takeover news. Maybe, just maybe, if the takeover falls through, they may downgrade their prediction, after the news of course.
A lot of people will have made a killing with todays manipulation. Not sure if any of this makes any sense at all.
Let us just hope you are right. 20% plus off share price is somewhere in region of 400 million gone so far. That will take a lot of cinema seats to make that up. Bottom cannot be much below £5 so hopefully pain is nearly over. Then a slow rise until rights issue knocks us back down. In hindsight, a good move by director selling out at 6.75. Wonder if he knew what he was going to do and the ensuing carnage?
The true percentage of stock on loan is nearer 16%, which was quoted on the advfn chat room this morning,( The figure below is the total of funds where the individual company has more than 0.5 % of stock so no doubt many other funds are short below this cut off figure). It only takes a small number of shorts to push this stock down to create a buying opportunity. This will no doubt be reflected when we see what has been sold today in a few days time. Could well be a buying opportunity, after all, they must be bought back at some time.
Holly What a load of nonsense, believe in your macd all you like, it is just guess work, but if it works for you, good luck. Markets work by sentiment and nonsense, not graphs and pie charts, ask the experts, they will give you their thoughts, which are all shite. If you put them all together in a room, and asked them for an insight, you would get the square root of SWA. Good luck all, get that monkey to stick pin in the chart, he is the cheapest and probably the most accurate expert of them all.
Directors/muppets, Please listen to your shareholders/owners. Get off soap box, stop talking shite and move on. In the end, you will be worse off than us, and that is not good.. Look around, you've had your joke, the whole of the financial world think you are a bunch of c@@@ts, so maybe they are right and you are wrong.
Only hope these bunch of clowns in charge are not too thick skinned to see the error of their ways. Best remind them about what happens to underperforming directors.
Directors, Good idea, but for benefit of shareholders, if you have any more bright ideas, before you open your mouths, just count to ten and remember today. You must be looking around and thinking WTF happened, are we that stupid. With any luck, this hair brained idea will fall through.
Looks like shorters want this sub 500 prior to results and dividend. The way it is looking, I think they will get their way.
Trent, Sorry to say that but pubs will struggle in the changing climate. Have been a long time investor in the sector and hold Marstons and GNK. Marstons will pull back, but if they have sold this pub, then no doubt they have done their homework. GNK is being hit hard, no doubt shorters trying to bring SP down before results and dividend. I will hold and see what results bring. Good luck all, regards Ianian
Londoner7, In todays climate, you must be mad to take this on. Maybe work in Surrey or Kent, but not there.The locals can fight all they like, rates and labour cost will never be recouped on that turnover. Only ideal if you do it all yourself and enjoy a 100 hour week. It will be housing stock within the year.
Hemingway, it does not have to make sense or stack up. On the first day of buy back the share price shot up but they only purchased a couple of thousand pounds worth. The buy back may be a catalyst for the shorters to buy their shares back, or maybe they will sell more and take a bigger risk. Nothing matters except the opportunity for a select few to make a killing. Meanwhile, we can sit back and pick a few crumbs up. As you said, nothing much has changed since before the buyback, but likewise, nothing much has changed to prompt a drop from 3.25 to 2.55 a few months back. We all take a hit while others profit, and sometimes they allow us to get back what we have lost.
There could be a number of reasons, mainly due to it being oversold some 6 months back. The wet summer has no doubt helped them in the same way it has hurt the pubs. Trading figures will be slipping out. Buying a limited amount of share buy back will scoop up the excess, but no doubt started a bit of a chain reaction with the high level of shorters. A bit like a mexican stand off in reverse, may be better to take your profit now and buy your shorts back than risk them if the price goes above £3. Truth is, nobody knows, especially the experts, £15 million is not a massive amount, the big rise a few days back was on the back of a few thousand buy back anyway, so must be others panicking a bit. Hopefully they will get their fingers burnt in a scramble to buy back their shorts.
FTSE I hope you are right, the 15pence per share drop that I was alluding to was what was experienced a few weeks back when the initial announcement was made. I too would be surprised if the management had taken this decision without a reasonable probability that it would make more profit than leaving them as independant franchises. But very little information except that which you have quoted.