George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Im puzzled why people keep comparing ITV to netflix and amazon. ITC is no near those big boys and should even try to be. Netflix & co are so big they need 100s of successes. ITV just needs a handful. If anyone can tell me what TV show is going to be popular tomorrow must be one heck of a good mind reader. The game is they make X number of shows per year knowing they can hit at least 10%. The big boys need to make hundreds with ever lower budgets so as to make more to try and hit more. Its way more tougher up there.
Case in point the Alec Baldwin movie that ended up in disaster. I hear from a lot of people in the industry as I happen to live not far from an international film studio and know many who work on these sets. You have to be in it to hear the low pay, many times having to chase their money. How hard it is to get through the localised politics. I do believe ITV has found a niche and will grow. Small true but as long as they us a dividend Im happy
Im shocked seeing these comments and I live in Europe. Perhaps its because I spent many years on each continent and in the UK as well so I have a different perspective. No wonder markets world over are so random given such herd mentality.
I was in 3000 shares on top with some 5% gain now I down 12% and I just grabbed 3500 shares. Since when anyone makes buying decisions based just on the share price direction. That is an indicator but it has to be taken in context.
Remember "top" investment gurus called ITV a risk because in Covid advertising revenue is falling? I like many figured the opposite and we were proved right. What we saw was sound management and that to me is an absolute great asset. In such tough times to keep growing and making profits takes a very steady hand.
My reasoning why I know this company is going to do great; because no matter how big amazon and netflix are good quality British shows are a huge market. First the Americans psychology is that British TV is intelligent and artsy. Second you have Canada, Australia and India who are more likely to consume British than American if available.
Its a culture thing and the potential is enormous and I think this CEO saw this and making a gamble I do believe will work.
There is no school like the old school, and ITV is the f***ing headmaster :D
Good luck all and do your own research
https://fintel.io/ss/us/bcs
forgot yhe link
looks like a short interest squeeze. Anyone know what the ratio was? I dont know how reliable this is but says 22% I too saw it ripe for a short given all the indicators pointed to one having just broken the last high of 2020. Its very probably a computer trade that was triggered by the break. Either a large sell or a short bet gone wrong.
I added to my existing long position which is already over 100% :)
I have been holding a small number in PFC since right before it divided from £10. Traded in and out a few times and recovered most of my losses. Now decided to keep buying in on the lows since it hit £4
The reason is I think I know how the SFO works. Its one of those departments that has a huge budget but can have gaps of years with very little to show for it. On occasion they catch a whale and that is a good thing or corporations will go wild west on the the rest of us. However they cannot keep the research costs going on for ever and I do believe they got all the low hanging fruit from this case. There is no way, no matter how big their budget, that they can continue delving into dead ends and investigate new potential criminals at the same time.
Given the current situation and that their balance sheet remains more or less healthy I estimate the £4 is a just price
https://timesofmalta.com/articles/view/caruana-galizia-family-writes-to-siemens-to-rescind-power-station.789881
The British Government needs to rethink whats exactly within their remit of responsibility. Even if for arguments sake a company like PFC is pulled out of the "political bidding market" there are others from untouchable and permissive jurisdictions ready to move in.
Obviously I am against corruption and its a nasty business but its still business as usual for many
Since we're at it how about buying games workshop for around £5 and thinking Im so clever selling at £7? My reasoning was "who the heck wants these ugly toys anyway? Its just a fad" LOL and my eldest at 15 called me crazy when I told her what I had done.
@Pokerchips .... plus500! The Israeli outfit that masks itself as UK based. Ive used them once and never again. They'll probably soon charge for the privilege of logging onto their system next. The rest you mention are relatively small bait and vulnerable to the present economy due to their business model. PFC assets alone are some 5 billion and its turnover runs into the same figure per year. EPS not too bad given the times at .59 There is nothing even close to this being a small company. The SFO scared investors off thats all. Sounds like some herd mentality really. In turn this has brought on a high number of shorters. Something is just not right here. My 2 pence for all its worth, the potential upside is so large that its very difficult to hedge against it. Take WG which I own as well. Its not in the list yet they are indebted to the hilt and acquired a company AMC thats also been the target of the same wide sweeping investigation on Unaoil. WG is trading almost X3 of PFC. Makes no sense
If you buy paying 100% of the price you're normally investing long term so you are A after dividends and B you can stagger your tax exposure. To me this one week notice by IG has made me more sceptical about their commitment to support products. They pulled the rug from under a lot of people who have different plans and models. In other words 100% is not one of the models their customers normally use and you can see that cause they are asking us to close everything end of March. So clearly they know CFDs are something else.
Either they are quite desperate because of the high volatility lately or someone up there with a large pay-packet wanted to impress their boardroom
I had 1500 shares with an average of 177. To put up 100% I might as well close these and reopen as actual shares on another platform but buy physical shares. It would work out to be the same. Perhaps someone here can correct my thinking but I imagine this volatility with PFC is what scared them. possibly the fact that 99% were long and there is a potential resurgence in price could have exposed IG to a negative balance. i.e. if the average is 1.77 going short on that has a potential of max 1.77 gain for them but the upside potential loss even if just 3 could mean a 100% loss for them. Am I thinking right?
I dont think we will see the $100 pb probably never but anyone thinking oil is done for is as wrong as when they tossed cigarette companies away thinking cigarettes are bad for you and the world will stop smoking. I did stop smoking but I that did not stop the likes of philip morris from breaking 100 as recent as 2018. Go figure. Fed b******t sounds about right.
Electric cars rely on regular charging from the local electricity network. The power plants providing that energy aren’t emission-free; even in California, 60% of electricity came from burning fossil fuels in 2015, while solar and wind together made up less than 14%.
“I couldn’t bear to hear them say the words ‘zero emissions vehicle’ one more time,” says Joshua Graff Zivin, who advised one of California’s three main utilities, San Diego Gas & Electric, on electric cars. Graff Zivin is a professor of economics and public policy at the University of California, San Diego.
“How you incentivize them to charge could really matter,” Zivin says about electric vehicle owners. “Utilities haven’t thought through it.”
One third of US power is generated by coal
https://www.theguardian.com/environment/2016/dec/08/electric-car-emissions-climate-change
Im just venting here. Traded Wood Group and Petrofac togehter for the past 7 years. WG has always trailed behind PFC. Following the scandal they pretty much followed each other.
Seriously what has changed other than ill informed pre-conceived notions. Makes me wonder what studies those fund managers actually read.
Im totally with you on this. Indeed I have been amazed how one glorified mere mortal has turned the attention towards lithium especially since the Japanese had already made long strides with hydrogen. Also Lithium as yet cannot supply the same power to drive haulage trucks, ships etc as Hydrogen can. Hydrogen is also the most abundant element in the universe. True with current systems it is hard to extract but clearly there is lots of room for improvement as we are yet in the beginning. On the other hand Lithium still needs a fuel burning power station to charge it. Added to what you noted what we're doing with Lithium is doubling electricity consumption. Another issue is that battery efficiency improvements are becoming more difficult and more expensive to find. Clearly as room for improvement narrows we're trying to skim ever smaller slivers. While Im watching this space Im keeping an eye on hydrogen related companies