Member Info for KiJaHu

I bought in at the 80s and am currently contemplating it after seeing a 30% rise, there's folk that have multibagged from the lows of a few months ago. I genuinely can't see this being sold, if Moulding or the board were more realistic about the current market and allowed for a similar bid as last year (1.70) then fair enough, I just can't see a £2 plus bid from Apollo personally, yesterday news from Sky was positive mind. I'm very much on the fence at the min, feels like a very binary gamble, if this falls through the share price will fall hard back to the 50s/60s.

True that Manc, very much looking forward to the next few weeks

Manc, surely at this point any positive price action from short positions having to buy back shares is moot when we want a realistic (read: an offer MM would accept) offer tabled in instead? Noticed qube have increased theirs on the 19th

I'm not on LI investing101, what did he say?

He has a wiki article, seems like an astute businessman, assuming he's looking to make a quick buck here? For a company to be approached twice with serious offers in a 12 month timeframe I can't help but feel excited at the prospect of a buyout this time.

I'm getting a Scottish businessman who owns latium? 275m reported wealth?

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.

..and by abundant I meant scarce. Obvs. Before you engage that big brain cell of yours and correct me.

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.

Any particular reason why GS would increase their holding to 3% last week to sell it back down below 2.5? Weird stuff