copper prices up. Chinese interest in copper. Monterrico being owned by a Chinese company and miners being up in general. If I had the funds on Sunday I would have been in on Monday morning. Kicking myself now. Hopefully for me it will retrace down sometime this year. This will be a share for the future. In 2012 I think there will be good gains, when things are up and running and move into profit.
What happens to those people that hold ADSL shares, that don't fill in the Form of Acceptance (for whatever reason eg: out of the country / unable to be contacted / travelling abroad etc) and post it off for delivery by 19th December? Are the new shares automatically issued? Sorry for the newbee question, as I haven't held shares in a company which has been subsequently sold / taken over.
I bought at 12, 17.75, 14 and 16p. I'm looking to stay in for the long term. Currently I'm working in China, but over the last six years I've seen such an increase in demand for imported goods into Korea and China that long term I see this type of company doing well in the future, once the economic downturn subsides. I know that wine sales are ever increasing in Korea (do some work for a couple of purchasers in korea). After reading this thread I must be one of the few who look at this in the longer term. I can afford to sit on them. I just hope my mining shares turn a corner too!
I'm in agreement with you, especially after considering the cash in bank, profitability and number of shares in circulation. Even with a big turndown in sales, there is enough going on this this company to survive and prosper in the long run.
I thought I got a good price at 242p, but they've gone down further. I checked out this company, and in a nutshell, it seemed undervalued, especially for those like me, who are in it for the long run. In recent days the spread has knocked around 40/50%.