Member Info for JTS13

My guess: a couple of IIs are sorting out their trades at a pre-agreed price (likely sub 180). The huge spread helps prevent normal trades

@Greenfish: Unfortunately I think almost all of the plays like UKW are vulnerable to share issues. Given that they return such significant percentage of their earnings to investors, this is how they 'raise' capital in order to invest in new assets... ie. all part of the business model. Typically though, the issue wouldn't be so large a percentage of their market cap, or via multiple raisings. That'll likely put a lid on near term rises - yes.
Equally, as suggested below, it depends upon strategy. If it is possible to get in at or close to NAV, then one should be good. Second best would be to get in after announcement of a raise. You'll observe that SP tends to drop towards the stated issue price. Buying in there or thereabouts should be relatively close to the floor (IMO). e.g. I bought a few grand of TRIG after their last raise. Wasn't to invest, was just a quick trade for easy money. Situation this time with UKW is slightly different
Anyway, all wisdom to you in what you choose to do. Personally, I've got all I need already, so not making any changes

Really don't understand this company.... From what I see, it's the most direct way of investing into UK's EV charging points on the market. I recognise that Shell & BP. both have some expansion here, but most players out there are privately owned. NEXS has significant growth opportunity here and is the only one that I've found...but from no help to their PR.
Have read sooo many investment reports on EV market and they universally say that there is no exposure to EV charging points besides the majors or funds that also invest in private corporation raises.
Why doesn't anybody at NEXS start banging on about this?
Recognise that their revenues streams are predominantly elsewhere, but come on. It's a bit of a joke!
I had set aside some money for here, but I can't push myself to buy shares in a company where mgt seem oblivious at communicating what potential they've got here. No wonder volume is shockingly low & comments here are almost non-existent. Such a shame

To buy or not to buy? That really depends upon ones own strategy and viewpoint
I'm fortunate to have picked up my current holding in Mar-Apr this year at prices between 101-120p (had bought in 2013, but sold out a long time back). Personally, I'm wanting a core stock holding that generates a reliable average return of 5% per annum. Potential for capital upside is great, but I want to view that as a bonus, not expected. UKW fits this bill for me and so I hold.
My view point:
1) ESGs are increasingly popular with younger generation of investors & even the big IIs are getting in them because returns outperform wider index average.
2) Renewables will be one of the industries to gain from Covid. They gain from increased emphasis on the grid, they gain from stimulus, and they in turn gain from increased media attention. More power / money & attention are all good for sector SP.
3) Given wider economic uncertainty, lower interest rates for longer etc, I think high yields such as UKWs will gain increasing appeal to wider audience, so expect performance to be fairly robust.
4) Given above points, even if there be another market collapse, I don't expect UKW to dip as much as before. It's demonstrated that it doesn't go off-line, but is rather quite resilient. There may be sellers covering margin elsewhere (like what happens with gold and precious metals)...if anything, I'd expect any dip to be short and then fairly promptly return to above NAV levels.

Equally:
5) I'm not a fan of multiple prolonged raises. Whilst capital growth is not my target for UKW, I do expect SP to cap and swing in the 130-140 range. Potentially this may to appeal to traders
6) Raises are generally accretive to NAV. So I don't have this concern as some others here have raised. However, investment in new fields typically takes time to complete to production. Covid has demonstrated the risk is to supply chain delays during construction (not so much on operating fields). TRIG suffered a significant NAV drop because of this reason, so I'm not keen on UKW opening themselves up to too much risk here should they seek to undertake some significant new expansion
7) More macro factor, but prices have dropped. Can't remember how much is hedged, but overall energy pricing across europe has dropped and is forecasted to stay lower. This is not a major blow, but should we encounter construction delays on new projects & lower pricing together, that's more potential to become damaging

Anyway, those are my thoughts.
Re: forthcoming market drop. Self-fulfilling prophecy. Enough people fear one, it will happen. Wisdom to all during these uncertain times

Have been very disciplined at avoiding topping up on more of these... until this morning

2 weeks till interims and possible reintroduction to dividend. Copper at highest prices since early summer 2018 within an uptrend I may add. This hasn't budged since late July.

Today should see a finish above the 200 daily MA (bullish). Stochastics are reflecting off of oversold (at both 4 & daily levels), indicating we are just entering into new round of buying, and we look healthily above any other barrier. Besides current SP sitting on a Fib level, I can't see what's stopping this rise... Surely this will lift to the 187p ceiling in run up to interims and then explode past 2 quid assuming dividends are back on. My opinion of course

SP @29P as I write. Held up reasonably considering. However, pretty shocking BoD haven't released any statement whatsoever. This is hardly a normal day. Makes one think that this private airstrip has been used for their own get-away. BoD need to get their act together

I'm interested to see what will happen here. Looking at other gold miners in Mali, impact has not yet been too severe. For example, Iamgold & Resolute have next to no impact. BTO is down around 7%. Barrick is down around 1.5%, but that could be retracement following yesterday's 10% rise? Certainly HUM is more exposed and more questionable within its' lifecyle. Yet, interesting that the macro scene has not proved too much of an influence on other stocks....yet

Equally, credit to Tiger for maintaining a watchful eye on this. He received stick now and again from some on here for monitoring the situation, but his diligence towards this risk there has paid off.

I'd avoided going too big into HUM due to risk of negative impact from Covid, so was more into the metals themselves. Glad not to have added more here. HUMs been an ongoing disaster for years now. Each time it starts to look like new leaf is turning, new scenario pops up out of the blue to reek havoc on the biz & SP... Plan to keep my holding here and just sit this out

Welcome back Seaking. Good job on the other trade. The past few months have been pretty pleasant across the portfolio :)

Agreed about growing importance of renewables. Think that this is a sector which is going to benefit from covid - as it's basically provided a test environment for what the future will be like and funding seems to benefit from stimulus. On that note, my observation has been that there is significant opportunity in the battery storage sphere. Not only is battery storage necessary for improving efficiency of standard renewables (i.e. utilising wasted energy supply, something like 6%), balancing the grid whilst wind & solar power levels are low (i.e. replace role of coal & gas), but it'll also influence how EVs all work (i.e. gradual replacement of petrol pumps with electric charging stations). Personally, I've taken positions in a couple of different plays there which am expectant on doing well, but think there are many opportunities, ranging from mining of key resources, infrastructure & installations, battery manufacturers, as well as site operators.

Worth taking a look into. But yeh, renewables in general is a great place to be in

Hi Rich, that's my point... It was completely necessary and also obvious
Considering adding more here, but not until tomorrow afternoon (so can see how this retracement goes).

Do think the reaction to gold is close to comical. The charts and 'analyst' articles widely accessible were all shouting about a retracement starting either Friday or Monday. It happened and then that exploded with the later sell-off on Tuesday. The ferocity yesterday was quite severe to be sure, but hardly unexpected. Everyone has their own targets, most I've read seem to be somewhere in region of 1800-1850 (depending upon Fib rules, moving average rules, support rules, or which ever "rules" someone looks at). Personally I've bought back a few, but am expecting a bit more decline after US open before a consolidation and slight improvement before the weekend as traders books their profits from the shorts.

But why comical? The commentators. Yesterday the story is all about how the uncertainty of US stimulus crashed gold. Can you believe it. The uncertainty of stimulus? 'Uncertainty' and 'stimulus', the very fabric of both being bullish for gold. News commentators seem to say whatever their paid to and are shameless to even attempt to hide it... Has the UK officially just started a recession today? Has this Russian vaccine cured covid overnight? Are US elections over already? Has the US-sino trade war disappeared? Have central banks stopped QE policies? ... Oh, wait a minute. That last one is bad for gold now, right?
Then HUM. Gold "crashes" to all time highs (besides this past week) and HUM drops 15%. Everyone panic! Annual EBIT has just dropped from $120m down to $100m and it's game over...
Oh wait? Almost every broker thinks golds going to rise back to all time highs before Christmas. Nah. Sentiment today is bad so let's just sell it all today and buy back when prices are back to what they were 48 hours ago

Sorry folks. Just find it satirical

"Expect this to drop as low as 9p"? BMNs only just started to reverse the trend. As stated on 5th Aug when SP was 15% higher than today, this drop was entirely predictable. It's foundation level technicals. Frankly, will only moderately start to care if this goes sub 11.3p in the next couple of days. Otherwise it's higher highs and lower lows. That's what is called an "up trend"
Just bought a few of these for my 'wee yin' this morning. Will be another 15 years before she even knows she owns them, and doubt she'll care if I paid 10, 11 or even 15p for then by then

Think much of it has to do with communications. Just take a quick look at what's happened this morning as examples:
(a) Anglogold Ashanti earnings increased over 200% YoY,
(b) South Africa Central Bank net reserves increases by 10% due to $ dropping. i.e. Central banks should explore non-$ assets to maintain reserves (perhaps some gold?)
(c) Gold price again breaking new records overnight

With daily news of this sorts, many in HUM may have been assuming that the much awaited Q2 update was at least going to offer up some interesting headlines on financial performance. Rather, all we received were more questions.

As I mentioned at the time, burying a bullish forward statement about 60mill ebit for H2 2020 in a 2500 word RNS is poor at best. That should of been headline material... How is the wider investment community supposed to believe in HUM when they can't seem to even write a decent RNS on their own financials?

One another note though: anybody mind how bitcoin went crazy when it first came out? Once any commodity hits mainstream news, it tends to go crazy. I'm thinking that gold has potential to really go crazy. My hope is that it will not be super volatile and that it will stay $2000+ for at least 12 months (enough time for a good rerate here), and Scoutts comment earlier on M3 is particularly relevant (especially when stimulus has already been more than it was during the previous crash). But increasingly getting the feeling that this is only just beginning.... Looking at the 4hr chart, am hoping for a pull back on gold within the next 48 hours and then looking to increase holdings.

Just pointing out that this was trading update for the "associate company". Clearly management at GWSA has done a great job, and it's promising that they've returned to profit. One would assume those profit ratios would only improve as volume is maintained and one-off costs reduce.
However, given that "our" company update is for 11th August, we cannot directly just transfer this RNS over to us. On 11th, we'll learn about rates and the goings on here. That's what's really going to make a difference to the bottom line and thus share price.
GLA

Interesting how sentiment changes in a day...

Main thing is that gold price maintains stability at a good level. Assuming stability there, new 12 month target here is 58-65p (down from 90-100p). It's hard to see what other material announcements can come out that will have a positive effect on SP here. Q3/4 figures should be better, but capex costs for $90 plant at Kouroussa will wipe out significant chunk of change. That's going to cut earnings and PE ratios which a lot of IIs will be paying interest into.

Long term keeps getting longer here :S

You know, it'd be amazing if they turned round and said that they'd invested 10 mill into Kouroussa. That'd shut us up pronto and we'd likely be like, yus! Developing the new site already. How exciting blah blah... Really hope that's what it is

Thanks @Heaveho. Always better to have a date in the diary than having things pop out of nowhere. Shall look forward to this update on 11th Aug

Paying down trade payables / lease liabilities, as well as other misc capex factors are all reasonable possibilities. Thanks for raising the thoughts

Just ironic that such a 'comprehensive' update seems to raise more questions than answer (at least for me). I know that many on this board don't like it when financials are questioned (one person even asserting this morning that people who attain such a view shouldn't be investing) but I always assumed financial performance was related to investment performance, lol.
Even after all these years, I still believe that HUM's got great potential. However, it's one of the most annoying stocks I've personally been in... We shouldn't need to wait for the interims to clarify the poor comms from this update. Not surprised there was a slight pull back this morning, despite gold and every possible macro factor imaginable going in our favour. Quite exasperating

@Heaveho, forgive my ignorance, but from where is it clear that an update is due on 11th Aug?

On a side note, Segro released results today. They're more into warehousing, but much can be inferred over to ESL: "The impacts of the pandemic are accelerating the adoption of technology, particularly e-commerce, across society and have resulted in a renewed focus by many occupiers on the critical importance of efficient, resilient logistics supply chains"

Truth is right via terminology and also importance of clarifying future investment positions. The latter is a big cloud which needs to get lifted from ESL in order for a re-rate to start

Your point about gambling is very valid. The reason why profits on spread betting is not taxed is because it falls under gambling laws

All the best with your investments. Agreed that BMN is a long term play ;)

@Twogoals: Likely after interims are posted. So perhaps a month from now?
It may be possible that something come out earlier in a proactive video, but those are usually more promotional than hard questioning.

I'm not familiar with investing.com, but it allows screenshot. You can see here what I meant in previous post: https://invst.ly/ropqq (sorry for crappy graphic, usually use other software but its not on this computer).

Firstly, I wouldn't personally ever recommend trading for someone who's not attempted to study it first. IG and other platforms are transparent that over 70% of accounts lose money. Anyone contemplating trading should first open a dummy account and practice & master a few techniques. Then, I'd advise applying these techniques towards regular investing. Not to trade, but to time a buy-in. That can still guide a good decision and save money (e.g.not buying in on a volume drop that could signify an SP spike).
@Introv, your point on commission fees doesnt apply to trading, but trading platforms don't use these. Rather, spreads are often widened, so fees are indirect. Same principle, but slightly different and more transparent on the trade. Generally speaking, you'll find that volume is therefore essential to trading as volume helps to tighten the spread rate and therefore reduce these indirect fees (hence earlier point on how drop off in volume can be indicator of selling pressure).

Anyway, just because some people do it certainly should not mean that anyone should try it. That's a quick way of becoming a negative statistic! Find a way that works for you and stick to it. In these days of low interest rates, even 5% a year is great if you can maintain it across a growing portfolio