Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Pretty much every time I've bought in the past the algorithm has got it wrong, so I don't pay any attention to the buy/sell indicators.
This is becoming really interesting . Not quite ready to say exciting yet as I've been around here for too long, but the chips seem to be starting to stack in PPC's favour ...........
Agree with you DRichi, although perhaps if he had found time to brush his hair it might have helped!
From a personal perspective it's purely a jealously thing. I've put money in and have derived zero benefit, and indeed made a significant loss. PL has put money in and has, presumably, made a significant loss on shares but he derives significant benefit from salary, loan interest, and the other bits and bobs listed in the accounts. So where do people vent this frustration - from behind a keyboard right here. Simple really. It O&G, it's AIM, I get it, I really do, but you're not going to convince people that have lost large proportions of their investment to start being nice about PPC.......until they make a lot of money in which case I'm sure all will be forgiven and PL will be the toast of the town!
n+1
Not sure how the production figures work into this and the Feb 2014 figure is a bit out of sync but:
Date No Shares £per share Capital Value
Oct-12 249,949,887 £0.200 £49,989,977.40
Feb-14 395,581,763 £0.310 £122,630,346.53
Nov-15 525,320,628 £0.070 £36,772,443.96
Dec-16 953,597,617 £0.060 £57,215,857.02
Oct-17 1,020,254,127 £0.090 £91,822,871.43
Oct-18 1,072,840,262 £0.080 £85,827,220.96
Mar-19 1,126,560,677 £0.075 £84,492,050.78
Nov-19 1,135,282,890 £0.040 £45,411,315.60
Jan-20 1,216,925,264 £0.040 £48,677,010.56
Apr-20 1,266,272,332 £0.015 £18,994,084.98
Jun-20 2,007,914,603 £0.015 £30,118,719.05
Jan-21 2,029,924,345 £0.019 £38,568,562.56
Apr-21 2,035,223,379 £0.021 £42,739,690.96
Sep-21 2,035,223,379 £0.01911 £38,893,118.77
Same view as you unfortunately. Quick read of the accounts would seem to confirm this, and Rob Shepard owns a company that is benefiting from PPC. Not just one snout in the trough it would seem. I wonder what the larger institutional shareholders are thinking or is this type of investment for them a case of finding some loose change down the back of the sofa and having a punt. More fool me for not looking at the accounts years ago.
Lots of positivity from President about itself on linkedin, seems to be lacking here. Come on PL pull the rabbit out and surprise us all!
That's the conclusion I've reached. So where does that leave LTH's like me who have averaged down and aren't/don't need to sell. Unfortunately for the eternal optimists it means I'll sit here and pick the announcements apart and analyse the figures and say it how I see it. PPC feels like a heroin addiction that's now turned cancerous! Bit harsh maybe but PPC could do with some chemotherapy in the form of facts and figures rather than lighting up another fag of waffle and piffle!
Message from the buffet car - jam's off the menu today, should be here tomorrow..........
I think I read somewhere he was a lawyer , so both!
Just had a look at when they have filed the accounts in the past at Companies House and last year was 11 Aug, previous years seem to be between mid-June and mid-July so whilst I've been quite hard in my comments on the delay of the accounts I don't think they are unusually delayed, for PPC. That said I'm still going to have a scan and see if there are some interesting pay reviews.
Sorry had a cup of tea - nice and calm now!
Exactly my point AParky. Similarly, if you can't stand the whinging here start www.blowsmokeupPLsarse.com and control who can contribute. Sorry had a couple of beers at lunch......will take myself off BB's for the rest of the afternoon.
I don't think it's a case that he deliberately wants poor performance. The whinging is because he doesn't need good performance from the business (he has said he doesn't look at the share price) for the business to give him a good return/income via loans and salary, whereas we do.
If investors can afford to leave their investment in the hope it will make a return, then a BB is the perfect forum to whinge I would have thought?
Morning Northern. Personally I think transparency/information on the accounts, production figures and cash flow are required. It's that simple. The accounts being delayed is bulls**t. Sorry to be callous about covid excuses but donegal has said he's in the business and there shouldn't be a reason (apologies if I've misquoted you), I manage about 70 companies on behalf of other people and haven't had to delay, PPC have a finance director paid to do the finances. Sage/Xero/other account products available do all the work for you if you input the data correctly - really not that difficult. The twitter account feels a bit smoke and mirrors to me. Paraguay was a case in point - we've got this great news but we can't tell you about who we are doing business with. I seem to have a habit of mentioning twitter here and then news coming and given it's gone very quiet of late hopefully something positive will come today. I'm going to hold on the basis that this is firmly in the bottom draw for me. When the accounts get published the first thing I'm going to look at is the salary for PL and RS and call them out if we shareholders have invested in a gravy train for PL and his cronies.
Not sure PL does - I seem to remember him saying in an interview that he doesn't look at the share price. I think it was a deliberate attempt to say that getting on with business was more important and the share price would look after itself. Seemed like a good sentiment at the time to me at the time, but that was a long time ago. That said I'm still here as I think that PL's ego will mean that he will want the company to be successful and, with luck, that will translate to profit for the rest of us.
If he goes over 30% it changes things for him so he always bubbles along under the threshold.
These two should have had some extra dosh swilling around to buy some shares (PL excluded on % basis).
Salaries from previous post of mine:
Peter Levine
2019 = US$670,000
2018 = US$586,000
Robert Shepherd
2019 = US$400,000
2018 = US$248,000
I'm looking forward to seeing the accounts to see how their basic salaries have changed.
I know you don't care what I think but this is all jam tomorrow stuff, meanwhile the share price goes nowhere, and we have delayed accounts. Jam today please and evidence of it, and then negativity will evaporate.