Member Info for Jab1tt

Times reports today that Wise is beginning to make significant profits from its customer balances after recent rise in interest rates.

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?

Bit of an understatement that Herring!

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.

Very nice half year results, good debt reduction and yet the SP barely moves.

Who is fixing the market? Volumes bought are far in excess of those sold.

Nice one Rivaldo. Can't wait for the trading statement.

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.

At a current PE ratio of 85 its hardly cheap is it. And because of takeover speculation the SP is already up 20% in the last month.

Tipped by Questor in the DT today.

Thought it would do better than this.

My only reason, and it’s a good one, for holding this stock is that it is trading at a 21% discount to NAV.

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.

The latest results indicate a PE of 10.9.
Far too low for a FT 100 growth company.

Are they mad?
Who the hell would be selling after these results.
What do they expect?
Must need the cash.

Great AGM statement today forecasting EPS of 21p, giving an SP of 6.9.
Dirt cheap for such a quality company.
Surely the SP will take off this am.

Agreed. But hasn't done much to the S/P yet.
Wonder why not?

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.

Thanks for the explanation guys, which I did not know, but what is the explanation for such a low PE and even these excellent results today have not advanced it that much?

I agree shares are cheap. At current price they are now on a PER of 7.4
However the downside is the £618 mill net debt, which is 9.5 years of profits.
That's what the shares high risk.