Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Spammy,
Much agree. I'm not a holder here, but all else I hold also well down. Clearly the reckless media are trying to fan hysteria to generate more website hits. If they were balanced, made comparisons with flu, focused on the fact that most of those dying from Covid-19 (a small minority) already have compromised immune systems & would probably die from ordinary flu anyway, they wouldn't generate as much cash via hits. Most of the media have been beyond irresponsible.
Some of the majority recovering from Covid-19 have said, to quote, their symptoms were not nearly as bad as flu. But the media won't focus on such facts for reasons stated. - GLA holders!
Mikey,
Very disappointing to see the reversal for you & all. Mind that I never regretted exiting at loss as 151 months ago due to the debt (went into LLOY at 52+), but was hoping VOD might consolidate above 160 & have a go at breaking 170. This can be a very tough business & we've all been on the receiving end of it at some time. - Regards & GL.
David,
A quality, balanced post. I'm not involved here since exiting for well known reasons as stated in my past comments. But I think you instil some much needed objectivity, rather than the usual scapegoating we see on most BBs. - Regards.
That should be: For all "I know" near end of final paragraph. - Also a tick-up for FRTEB who made some similar points which I only read in full after my post. - Cheers.
Daniel,
Fair points. They call it "confirmation bias". Common enough across financial markets & especially with L/T holders, some of whom become (understandably perhaps) emotionally defensive of any criticisms of their investments.
FCF is significant, but VOD's FCF was always questioned by a minority about the way it was calculated. This minority was invariably shouted down with claims that the divi was safe because of FCF. However, read any investors manual from proven top investors. High debt that's increasing is always a red alarm bell. Selling key assets to a manage it is another warning. It's serious.
I took my hit at 151 in VOD (at significant loss) to buy more LLOY at 52+ as I think its SP is suppressed largely by ongoing macro-political uncertainties. Those will be finite. Naturally I missed the bottom there, as I missed my exit being better here. So it goes.
I honestly don't know how VOD's SP will do in future. All's we know for sure is that it didn't consolidate above 163 resistance for long enough to break out & has larger resistance at 170 later. For alI know you may be well over 170 early next year after next update. I hope so! But if it drops below 160 on higher volume, that will be telling about the lack of market confidence. - Regards.
Good to see. Let's hope you can get over 170 sooner than later. Holders patience & some significant financial pain may finally be rewarded. I know many of you have averages well above this, so fingers crossed this continues going well for you. GLA!
Bulent,
I'm no longer a VOD holder, but keep an eye on holders fortunes here. No surprise market remains on the cautious side. Huge debt is never a good thing. Neither is selling key assets to manage it.
While there's optimism among VOD holders, its SP still has huge resistance at 163+. It needs to close above that with strong volume for a potential break out. Next resistance level would be circa 170, last seen last December after which SP retreated sharply. Still significant challenges ahead before market is convinced to buy this back-up to previous highs. - Regards.
AW100,
Thanks. Hopefully your experience reflects that of most consumers. Then we can assume that such articles are well over-baked presumably to attract more views & increase ad revenues. I imagine much the same can be said for many articles on various matters.
As for VOD: as you'll all know, we still see resistance here at 163. It needs a solid update to get you past that & then, hopefully, to test circa 170. Circa 170 last seen briefly in December, so that may become another resistance point.
ATB to all holders! Though I'm out of VOD, still rooting for you guys (ie. you, Dan, et al) to see a return to your higher targets. No sure thing, but I hope so.
jackdawsson - Most haven't yet upgraded to 4g?
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AW100,
My comment relates to recent articles like this. This from last month: reportedly 23 million in UK still struggle to get 4G. - Cheers.
https://www.ispreview.co.uk/index.php/2019/10/study-claims-23-million-uk-people-struggle-to-connect-to-4g.html
Maybe of interest. China starts rolling out 5G to some consumers in 50 cities. Crikey! Most consumers have yet to upgrade to 4G & many probably won't even do that for years. - GLA.
www.bbc.co.uk/news/business-50258287
"Many sold Vod last week to buy. Lloyds. Massive mistake."
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DJones,
I recall your post above. But I always let my trades do the talking. I was one of those who announced a sell of VOD here at 151. At loss. With proceeds I added more LLOY at 52+. LLOY saw 62+ today, closing 60.82. A bit more & I'm up over 20%. Quarterly divi to boot.
Of course LLOY & other UK-centric stocks were always sold off due to Brexit & could be sold off again if there's No Deal. But I've never doubted myself , my rationale or my moves.
I genuinely hope VOD works out well for you & for all others here. Getting past 163 appears to be a tough nut to crack. But once past it with volume, a revisit to circa 170 seems doable. - GL.
Popes,
Looks to be a smart move. I was lucky to sell at 222.20 as posted here 3 weeks ago. Only because this sector continues to face huge challenges & Brexit could make things tougher for a while longer. - GL.
Hi Popes,
Maybe not a bad idea to reconsider your bold claims as to what SP level comes first. - GL anyway.
The idiot in the White House has today announced new multi-billion dollar tariffs on the EU. No doubt to deflect focus from the whistleblower controversy. That's how Trump works. Total a$$hole. - GLA.
Oracle,
Your view based on what exactly? Large funds regularly go against each other, with some holding long positions, others short. This isn't AIM where a few big players can easily manipulate SPs. - GL.
Novicehunter,
I hope you'll be proven correct. IMO it just points to yet more stiff competition ahead in this sector. Profits likely to be squeezed for all the big retailers, too. - GL.
Report out this morning. Maybe of interest for all those holding for much higher targets. GLA.
"Aldi plans to open a new store in the UK every week on average for the next two years, its boss has told the BBC. Giles Hurley said the discount retailer would invest £1bn to achieve its aim."
https://www.bbc.co.uk/news/business-49692086
"Why now and not at the £2 mark"
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Hi Grounding,
Not sure who that comment is addressed to. But £2 wouldn't have constituted a profit for me as I bought back higher than £2.
As you know, this sector is very vulnerable to new data, for eg. from Kantar. Prices go up or down by significant margins depending on said data. Also, recently, many UK-centric stocks have been lifted by the risks of No Deal Brexit slightly receding, but still not gone away. Still a lot of uncertainty around.
I'm glad to see this continue recovering for holders. I hope all of you get your targets. But having traded it more than once & booked dividends, I'm also glad to have increased my cash position. - GL.
Sold at 222.20. Mindful of lows of 177+ in mid-August & how quickly market data can change things in this sector, taken my gains after a good rise.
With generous dividend recently booked for 7.9p, I rather increase my cash position due to UK facing some fairly seismic challenges & uncertain macro-factors. - GLA.
Dan,
Thanks & you're welcome. Indeed, out since my announced sell weeks ago. I've no immediate plans to re-enter VOD. But that's certainly no reflection on the stock, more so my perceptions & limited funds. For all I know, you could be back in profit sooner than was conceivable even a couple of months ago. I sincerely hope so.
My forte has been trading. It best suits my temperament. Thus, I've recently got back more so into that. Especially indices. Very busy with that as index markets are open & tradable well after 4.30 PM.
With real shares I still hold BARC, CNA, SBRY, & by far my biggest holding, LLOY. I think latter & the rest will recover well post-Brexit.
I aim to continue adding to an already substantial holding of LLOY via DRIP shares only, 4 times annually. But I don't expect to reach my target of 73+ anytime soon & I'd be surprised if it's seen before 2021. - Regards.