George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
The problem I'm having here wealthtransfer is any guidance for this year can't really be accepted by both investors and the market.
No doubt they will guide on Ebitda and hopefully will be underestimate this time round and will be better than 160-175, subject to a really poor start to the year which is always possible here!
Are you not expecting an impairment for Germany or is that more or less the onerous contract provisions ?
When your average is high teens / 20 ish, buying at low 12s / 13s really makes little difference to me , unless you're just in for a trade.
If he turns this around and a majority of the cost efficiencies turn into positive free cashflow from next year, 12, 13, 15 will all be good entries.
If he doesn't then long term holders will get wiped out .
Imo this guy has to be given at least 18 months until HY25.
Just look at US markets tonight, to think they caused the sell off in Europe today. Frustrating to say the least.
Oh well, Monday week is the second half of April, so not long now for either more disappointment or some long overdue stability maybe.
Shame the share price doesn't reflect the company fundamentals.
Fallen every day this week.
Nofear
Incredible how some rogue fed official makes comments that tank European markets, only for US futures to be up so far today.
Pathetic really. Let's pray and hope the non farm payrolls do not turn the US red and bring us all down further. If not we could see a recovery later on.
Xxx accountant
In my layman's opinion I think that UK and all other European indexes are down today because of 1 fed officials comments yesterday.
US futures have steadied so far today.
It does show how volatile and confused the UK market is, mainly mid and small caps.
I just worked out on one of holdings which I had 55000 at 84p, that by adding another 5000 at both 64 and 66 more or less resulted in a similar average of 81. So I just added 5k to trim a few pence of that particular holding.
By the way I'm fully expecting more bad news, or a u turn, change of direction, or even some completely unknown to be be revealed by the board. So I'm resigned to holding at least until 25 now, one would think they have to get it right at some point!!!
It's a joke Pokerchips that some fed official contradicts the chair the day after by making comments that he knows will have a huge impact on global markets.
These central bank officials are on a power trip.
Great post wealthtransfer, and pretty much spot on.
The way things are playing out I'm writing this year off aswell, but I would feel so much happier if there was a change at the top, at least one of ceo/cfo to restore a bit of confidence.
Because now if there is a delay to the US sale or different direction is taken, the markets response will be completely ruthless imo, probably aimed solely at the board as opposed to the decision itself, if it were to happen.
Trisor
It's starting to worry me 24/7
It's just the market reaction and pricing that's got me thinking " what is it pricing here"
I also now think the CFO Tim Weller previously at currently very distressed PFC might be a factor.
We've all blamed JL but he's got a huge part also.
May trust AH but not TW.