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I'm not sure it is, I think going through someone's posting history, as presumably grown(?) men is what I would personally consider embarrassing. Enjoy your circle jerk/echo chamber.
It's not being sensitive, PB said nothing I can reply to other than trawling obsessively through my posting history in the hopes of finding something he can use to attack me, I'm not too sure what else to say about that. This is a forum to discuss the business and it's future performance, I don't do personal attacks, I don't have the time for it. Quoting my posts off EST is peak creep stuff. That person in question is absolutely deserving, at the bare minimum, the title of tit. As for investing in Mccolls that was a mistake, a binary bet and one I got wrong and the relationship they shared was a far more complicated one with CD&R than I personally understood at the time, but just like NE the turnover was there, the market in local convenience was organic and growing and margins were improving. That's ultimately the type of business I like to invest in, hence my interest here.
I'm not really sure what the point of your post is Paddy, apart from low balling/personal attacks which is par the course for this site unfortunately, I don't really have the time for it.
PC, I've read the RNS's and I've done the sums, as I've said before the fuel hedging sounds great until you extrapolate the percentage increase and that they continue to hold out hedging fully in advance, in the hope that the next contract brings the overall average down, and proceeds to get stung as oil futures are high and will continue to be high. Debt, wage increases and the expense of electrification and in other analysts views of competitors like first group who don't have the debt overheads that NE have will ultimately have better freedom and flexibility to negotiate better contractual terms or have first mover advantages.
I'm done though. 95% of the posters on this forum look at share charts and that's it. It was nearly 5 quid a share so it's good value at just over a quid. Mental.
I'm not suggesting they are, it's called having a balanced outlook Lee, that's generally what people do who are trying to make money. 54% hedge isn't exactly locked in, that's also a 32% premium on what they've paid for in the last three years, it's a low margin business so it's not amazing. I can also copy and paste off the report Lee 'However, in some cases there remains a lag in the timing of costs arising and the business driving associated price increases through contract renewals, contract indexation provisions and renegotiations.' Only 42% have high protection and that's linked to wage increases.
Past share price performance needs to be scrapped on these forums. It's not an indicator at all of how this share will perform in the future, its high debt, low margin and belongs in a highly competitive industry, I'm in it as a partial turnaround play but the idea this is a double bagger is lunacy.
LG, there's conflicting info on the fuel hedging, it's not fully hedged this year and it's definitely not hedged next year, so they will be sensitive to fuel price rises over the next 12, with wages that makes up over 70% of their outgoings so that point is pretty significant. The subs for electrification aren't big either and are shared among operators, again, if you go by RM data the performance and price per mile compared to their ICE vehicles is absolutely shocking, at a time when this business desperately needs to sort it's margins. I'm looking forward to the dividend but make no mistake, there's a reason this share is at this price, it's not flying under the radar, it's not 'market manipulation ' it's priced to absolute perfection because it is risky. I'm gutted they aren't paying down debt. It's a poor use of much needed funds.
What's giving you that impression LG? Delta stock has dropped due to climbing fuel prices. Any transport business will feel the same pressure. The electrification of the fleet is a bit of a red herring for anyone who has looked into royal mail's move to electric vans (it's significantly more expensive) and unless they're getting government incentives I don't see it as a positive. Combine that with a possible recession, inflation still being a massive issue which disproportionately effects a company with high debt to assets/turnover like NE, what is the catalyst over such a small time frame? I have 20k shares in this company, I don't see this moving unless macros massively improve (unlikely) or NE secures contracts and doesn't underbid, which given their financial position they may very well do.
You're an absolute tit. Read my first post. Is east star resources going to attract investment by discovering one of the most abundant elements found in the Earth's crust? It's grouped with other REE's because of the chemical similarities and that it's found in the same ore deposits. That's it. It's of no commercial interest, so the OP saying that we've found 'REE's' is nonsense, it's a confirmation that there's yttrium present and that yttrium is often found with elements that are scarce/valuable. But instead, like the typical nonce you are, you ignored that and decided to try and argue a definition instead. Complete god****e
Are you intellectually deficient? Read the RNS you tit:
"The element yttrium was used as a PROXY for HREE mineralisation"
I've capitalised the important word there just in case you were too blind/stupid to see/acknowledge it, yttrium is USUALLY present in the same geology that you may also find, more valuable REE's. It's that simple. It's 400x more abundant than silver.
Yttrium is highly abundant, it's not rare, not by any any metric is it rare, it's even stated clearly in the RNS that its significance is that it's normally found in situ with other (more abundant) REEs. Try again.
Where does it say there's a presence of REE? They've confirmed yttrium which is normally found in conjunction with rare earth elements but it's a commonly occuring element, they still need to determine what they're working with?
How can a business that's in both the marine industry (that should be buoyant post COVID especially with manufacturing getting back up to speed and oil demand increasing) and renewables (with Wind which makes up most of UKs green energy capacity) do SO badly? You have to go back to 2009 to find the share price as low as it is now, mental
I'm in partial agreement. This is a share purely for speculative trading and I think you could do fairly well buying at lows and and trading out at 30-40% profit. The UK stock market is weird, the indices are buoyant but they're insulated by oil & finance. Everything else is fairly depressed or reacting sharply, and the background tension of recession and inflation only exacerbates that. A business of this size seeing near 10% drops in a single day is ludicrous. It's a traders paradise, the macros don't allow for any long-term trading approach, you'd be mad to lock in your money for any longer than a month or two at a time with this.
I'm loading up here over the next few months, this is in deep value territory and inflation is coming down and consumer spending in hospitality and travel is holding steady/increasing. We're approaching warmer months, this is definitely flying under the radar at the minute, I genuinely see this at least double bagging in the next 6 months, the risk/reward is massively skewed to the latter. Won't be selling a penny until the 12-15p range.
That makes sense but in relation to this company it doesn't apply as much, drilling and the discovery phase has taken place to an extent, there's been a lot of historical drilling and that's what ESR are basing their future testing/expansion on, but it didn't attract any big players apart from a speculative punt from Alex and some financial backing.
So that begs the question that even with the unique geology likes the clay deposits, what are people hoping from this business moving forward?
There's a lot to unpack with this company because unless you have a PHD in geology or have experience investing in mining stocks over a long period you're at a technical disadvantage immediately.
If the holes are historical from the late 80s to 94, why haven't other mining business snapped up these licenses? Polymetal operates in Kostanay, why haven't other large operators done the same? The data from previous studies shows there's evidence of copper/gold/silver, why didn't anyone move on it sooner? The ionic clays, if this is as uncommon as ESR says it is and the other large deposits are mainly found in China and form a very significant part of the global REE supply chain, as a former Soviet state, why didn't China move in on it? Also, if this type of material is so easily accessible and low opex to recover and process why haven't ESR put all their initial effort into this as a way of funding more speculative, deeper deposits and expensive analysis like the helicopter surveys?
What are people's expectations with this business? It's obviously a lottery ticket type affair and is massively speculative, but what would be the catalysts in seeing this share price even recover to the previous high of 6p?
...out of curiosity did anyone bother launching any legal bids against Morrisons for this? It's still one of the maddest/****test take over bids of all time, they literally bought the company out less than 24 hours or letting it go under, I still have the shares in my shares account too
Why must it be? Asos's main demographic are people under the age of 40, as interest rates rise consumer spending drops, a service driven economy does badly during these circumstances so people lose jobs, the most vulnerable are those with less experience or in lower paid work, i.e asos demographic. I've never known a period of such uncertainty, we have absolutely no idea what's going to happen next, what the implications of this war will be, rise of nationalism over globalism, food shortages etc, I'm not touching stocks full stop but consumer stocks (grocery/pharma etc) unless essential should be avoided. You can't put a price on ASOS or Boohoo, there is no target price, we have no idea how low their margins will sink or how strong/weak consumer demand will be.
If I was in either, I'd cut my losses. I said a few months ago if you're in Boohoo just stick it out but since the invasion a lot has changed.