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I agree idad.
PBT has increased from 6.7 mill to 10 mill and plenty of cash which puts it on a prospective PE of 5. 5. Absolutely ridiculous and just because it is a small Aim share. Should be at least twice the price it is.
Lost a packet on this this morning, but I’m hanging o n in the belief that there will be a takeover, which I think is quite likely given the current SP. It is not easy to recruit good gaamesmakers and it would be easy to get rid of underperforming managers.
Thanks for the explanation Pip.
Would not touch it with a barge pole now.
Pity. It seemed at the time they were in all the the right areas.
I am completely in the dark here. Can anyone explain to me why they will receive £49 mill from ES pipelines , when the market cap is £8 mil. How much debt do they have?
Very good point you raise Rivaldo. I have stuck to this one through and thin, largely because it was highly recommended by Robbie the Trader, his largest single investment at the time though he appears to have sold out now.
I think after your point I shall ad a few now since the SP is at it's lowest point of the year. Seems a good opportunity.
Topped up today but the market response so far is lasklustre. Looks like CorEnergy could be a real winner for Sureserve. It's in the popular sustainability sector. But it's a small company and therefor perceived as more risky.
Trading statement in a couple of days may lift the SP.
Good luck to all.
Just added to my holdings, but a lacklustre response from the market so far.
CorEnergy sounds a brilliant investment to me.
Guess small companies are just not in vogue at the moment, but results in a day or so might produce a more positive response.
I have a small holding here which is badly down at present- about 15%.
Have been reading through the latest annual report. What struck me was there is no comment on individual mining companies within the fund, which is highly concentrated. Ten companies form 60% of fund value. Without going through each company individually, there is no way of analysing the quality of these holdings. Are they big or small companies?
Also the managers appear to have no idea than I have
as to whether the gold price is likely to up or down.
Not much help in enabling the shareholder to make a judgement.
BBOX has been my mainstay for last couple of years , rising to about 75% profit plus divis.
Now I read that Amazon is saying they have too much warehouse space I sold half my holding a couple of days ago which seems to have been prudent as the SP continues to fall and who can say when it will stop.