Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It’s because everyone knows MM is not going to accept any kind of bid at a discount to what he values the business at.
So now the share price is based on the value right now and all the problems that we are currently going through instead of the premium for a potential sale of the business. Look at asos, put out a reduced guidance due to inflation etc which everyone knows about yet still dropped 30%.
My fear is now this could happen here with the next market update
What’s really annoying is the fact I have sat here watching my profit turn into a loss and not selling out on the hopes that a bid comes in. It’s pretty obvious this is going to tank of no new bid. And now that the majority of shorts have closed who is to blame?
I’ve seen him on a few different boards and he does this all the time.
He buys in hoping for a quick increase or buy out. It starts to drop so he turns negative. It drops a lot and then the share is ‘worthless’. He then sells at a loss and moves on. Then as the share starts to go up so he buys back in, repeats the cycle.
Imagine that little red dot popping up, new RNS released titled New Bid. You skim read through, looking for the all important price. 400p per share. Then. You wake up. Realise it’s a dream and the price has dropped 3 % on open with no news.
All seriousness though, let’s hope we hear something good next week!
May be of interest to some of you
SoftBank’s Vision Fund posted a 3.5 trillion yen loss ($27.4 billion), the biggest loss since the investment fund began in 2017.
Global markets have been in turmoil as investors contest with rampant inflation and the U.S. Federal Reserve raising interest rates that have caused investors to flee high growth tech stocks.
SoftBank Founder Masayoshi Son said the company would be more “conservative when it comes to the pace of new investments” as it goes into a “defense” position.
https://www.reddit.com/r/wallstreetbets/comments/uz45wc/softbank_vision_funds_loses_27000000000_usd/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
As a gym goer and a my protein customer for the last 3 years I can tell you that buying protein is the LAST thing I will stop buying. You think I’m going to lose 3 years of torture for the sake of a few quid?
Also bear in mind food prices are going up. The cost of wheat due to the Ukraine has shot up tremendously. This is causing the cost of chicken to also increase as the feed cost has risen. Buying whey protein is still by far the cheapest way to take in enough protein. If I were to buy lean meat I’d be looking at spending 5-10x the amount of money to take in the same amount of protein daily
Honestly I’m expecting a drop as well but hoping for the best.
I think partly it is because we have been conditioned through previous price action that each time this share gains a lot in a day and you get hopeful for it then drops the next.
Maybe sell down to a level you are comfortable with to risk the increase. I’m going to continue to hold as honestly can’t see any other opportunities with risk to reward better than this currently. As the US has stepped in to bear market territory and the inflation crisis is far from over its going to be a bumpy ride on the stock market for some time. Best of luck with what ever you choose!
Although with covid cases rising so rapidly and hospitals starting to increase in cases there’s a high chance there could be a lockdown in the new year.
Still risks of short term volatility ahead, maybe that could be why the price has not risen as you’d expect with the increase in oil price