The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I I bought a substantial amount just under 400p yesterday, I will double up this morning if it stays around 405p or lower.
I fully expect this huge company with 2 billion in revenue to be above 700p within 3 weeks. Great buy at these prices.
When the US markets open, this is going to rocket over 300% and over the next few days and weeks back up to 20p minimum by the end of the month. If they negotiate or settle the court case, then massive numbers again.
After doing some detailed research, I estimate this price will get to at least 12 - 15p in the next week. The management may also decide to do a capital raise at this price which would send the share price rocketing back into the 30p range as the company would then be a going concern. If they are bought out, I estimate the price would be at least 15p as they have very little debt. A buyer may also just take a large stake in the company.
I now have 70% of my holdings in boo as these prices are way too low.
Absolutely ridiculous this low price.
Boohoo was this price 5 years ago, the company is so much better shape and organised now. Brand name and image and recent acquisitions are now worth a fortune. Expansion into USA, New Warehouse, what is there not to like ? Short term headwinds is all I see for long terms massive gains.
I am looking for over 200p as an absolute minimum at some point in the next 6 months.
The boohoo price is lower than is was exactly 5 years ago when it was 134p. Surely this company is in a much much much stronger position with all its investments in the USA and the investments in its own logistics. Brand name is also worth a fortune now. Merry Christmas and a Prosperous Christmas to everyone on here.
Thanks for the support on here from everyone.
I think long term this is a great buy especially with the dividend early next year.
My only concern is the price of coal which has been dropping in the last few weeks and Thungela has been following it down.
I am hoping next week is the last of the drop as the coal price has got to steady soon due to the demand.
I have a little bit saved should it drop to the early 305/310 mark then I will buy again for the last time, but after that I will begin to get really nervous. I am quietly hoping we see a small rise each day next week taking it back to the 400p level.
Good luck to everyone on here.
Hi CloudyMountain, my friend and all the others.
I am still here reading the posts every day, just not too happy with all the comments about other people and not about the share itself. I am also nursing some losses on this share and wondering why I didn't sell before when the price was 450+.
I am about breakeven now after being up up over 80K
I have 90% of my portfolio in this one share.
Stupid Stupid Me.
Hi Trek/Lucky, Thanks for the information Trek, it great to read and see where coal is heading for the next few years.
Lucky, I would just enjoy the super rise in share price for this gifted share. It keeps breaking new highs as more people become aware of the fundamentals. It's great to see lots of informed posts on here from other holders also.
Yes totally agree. what could be better, a 10% rise yesterday and now a nearly 5% rise today.
Back to new highest levels again, onwards and upwards. Looking forward to the massive dividends, no matter what they are, I will be very happy.
Thanks BCrader for the tip, just checked the company and bought a big chunk at 43.68. Bit of a speculative buy but because of the sector they are in, I decided to take the plunge.
Just arrived home from work to read all the noise on here. Like LuckyLuciano, Daytradenovice and a few others on here, I sold all my holdings in Thungela on Friday around 330 -335 simply because of the selling of SA fund and the down days on the US stock market. It was just my personal choice. I bought 50% back in at 301.8 and will try to buy the other 50% back around or below 300p. I believe it is anyones choice to buy and sell as they see fit.
Sometimes we get it wrong and buy back in at a higher price than we sold for.
There are lots of good people on here and their opinion is something I read every day.
I had 75% of my holding in Thungela before I sold, that is how confident I am of this share, both short term and long term.
The opportunity came along where I thought the markets and this share may go down as I stated in my previous posts.
So I sold and luckily it was the right thing to do this time.
I wouldn't be so hard on LuckyLuciano or anyone else as they is trying to do the right thing like we all are.
I have been in this share for a few months and bought in the 190s and kept topping up all the way.
I too, have been in shares from my 20s and now 54 and bought a lot of terrible shares, last one was Hurricane Energy which took me to the cleaners, but I am still here happy and smiling.
There are some great people on here so let's try to keep it friendly.
LuckyLuciano, high gas prices has made "Dirty" coal become more financially attractive because industries will not pay the high gas prices, this in turn has pushed up coal prices to record levels where we are today. National governments will try to bring gas prices back under control ( recent news) as it is in their interest for the consumer and they don't want an increase in coal demand for environmental reasons. It's all very political. I have also noticed coal prices have gone up again today.
I am not sure which way this is going to turn out as many industries in the middle order world still rely heavily on coal.
LuckyLuciano, I had invested in Peabody and Alpha Metallurgic and sold them on Friday also at break even point.
Thungela by far is the share I have most optimism for and will buy back in very soon in several stages. I too, want to wait to see what the SA fund does. If they off load more shares, which I think they will, then Thungela will only go down, and if the general market takes a downturn, short term then it will go down more.
Long term this share will rise substantially as the PE is so low.
I have been burnt several times on spread betting and I have learnt it is not for me.
We will see what the week brings, we may have to eat our words and buy back in at a higher price.
I think for me, staying on the sidelines is a risk worth taking, even if it is just for a week or two.
I am also slightly worried about the high gas prices starting to filter into the national news which may adversely affect Thungela.
Hi LuckyLuciano, I am in exactly the same opinion as your good self. I sold all my holdings in Thungela on Friday after the RNS came out and the drop on the US markets. I am prepared to buy in at a higher price if need be, but I feel with the selling of SA Fund and the down market in general, it is a chance I want to take. I don't know when the SA fund will stop selling. I will be buying in also at 300 - 305 if it goes that low. If not, then I will buy in at a higher price than I sold for. A lot of Coal stocks have been dropping in the last few days and I want to see if they continue to drop over the next week of two. By the way my portfolio is/was 75% Thungela that is how confident I am in the long term, but short term I want to wait on the sidelines.
Good luck to everyone on here.
Just added another 10% at 297p. This stock is now 30% of my portfolio.
Been buying heavily at 190s, 243s also
These are ridiculously low prices for such a cash rich generating company.
Huge dividends to follow soon.
Hi Hell, I think the general consensus is for £35-40M each month in free cash flow going forward at the current coal price rates. This gives a total of £380 -£480 FCF. Which is a PE of 1 at the moment.
30% minimum to be returned to shareholders maybe more or share buyback.
I think Anglo American have a contingency of £200 million for Thungela at the spin-off if things didn’t work out.
The next update they will cancel the contingency as it is no longer needed.
I am expecting this share to hit £10 plus at some point next year.
Look at Peabody Energy and what has happened to them in the last 6 months. Expecting same here.
Hi Helu, I am in the same position as you and recovered all my covid losses on this one share. I have had a few years on the rocks losing money and decided to go all in on this share after doing some research for a few weeks.
I bought in the 190s heavily and more in the 243s. Great long term share for the next few years.
Massive dividends to come and hopefully share price increases to multi bagger status for everyone.