Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I originally got in at 1.58, but have now averaged down to 1.45. Would hope to see these trading nearer the £2 mark by end of September, although that may be a tad optomistic :)) However I will be hanging onto mine ( unless they hit £3 of course!)
I should add -that I see this stock as offering good long -term potential, rather than a fast buck. This years profit expectations will be down on last year but as the world economies improve I would expect to see their performance in 2010 a lot better -44 new contract wins this year which according to analysts report is well outperforming the market and their client base is predominantly blue-chip companies where you would expect the risk of debt to be close to zero... Have you bought into these or still watching?
nothing that is not available publicly if that is what you mean. Their recent trading update I read as very positive with some good recent contract wins, and a perceived stabilisation of the economies in Europe. Being debt free in my view also makes this company attractive imho and seems to have good cash flow.
it just seems a bit too co-incidental that their holding is so near to the numbers traded today -my guess is that this is probably nothing at all in the scheme of things and that it is just shuffling of shares -although would be nice to think that it is to fill a big order :) No doubt things will become clearer by the ned of the week
would appear so -but the fact that their holding is simialr to the number of shares sold today makes me think that there is a link -and something is incorrect, quite what though I dont know -I think as you say if these sells were sells the impact would have been felt in the SP....hopefully it is nothing to be concerned about -all news recently has been positive
Its to do with the Mercantile holding I think -take a look here: If the link does not work the info is on digital look- http://www.digitallook.com/news/rns/2913793-14537/TIG-Holding(s)_in_Company.html?ac=210727&username=jellyboy
Hi James -appreciate your thoughts -having read their results looks to me like the core business struggling and that revenue and profit growth purely a result of the acquisition. I think I will just watch as I dont see these flying to 40p just yet...
whats with the smelly jelly then? The interim results released today dont seem to have been well received given the downward sp movement...it seems that their revenue and profit improvement has only been realised through their acquisition, and that their core business has taken a battering?
why do you think this is a great opportunity? Paper mills have been closing around the world reflecting the continued decline in demand for newsprint -which is unlikely to reverse irrespective of economic factors. Whilst no doubt this company are currently benefitting from the industry consolidation they are not one of the big players so I would be grateful if you would explain why you believe this will be 40p by the end of August? Thanks in advance