Member Info for leas

Yes, sensible approach and would also advise to buy in tranches too. At the moment I'm in the process of reducing in a bio company that has been a very long and rewarding investment. I actually prefer to buy on the way back up (SLP being the most recent). What I was trying to elude to was the possible impact of a significant shareholder reducing despite this looking oversold. If and I mean if there is a distressed seller then why are there so many ATs that appear when the sp looks like it may strengthen. I'm certainly no expert and post for discussion on the recent sp performance. If for arguments sake RH announced that he was offering his shares at a discount when the sp was in the 20s then I am sure he would have a better price than today. I know we will never know how things are being played but must be very frustrating. Btw I was not suggesting that you have called the bottom.

Velo, I have been trying to time an entry price for a month now and believe that in a few months time a penny here and there will be laughable. However, everyone like a bargain (or greedy) so have been looking for any clue that the sp is at the very bottom. The only thing that has prevented me buying is the significant shareholder that has reduced. Having looked at the shareholders investing history I cannot understand the reason for that strategy. If this company's outlook is as bad as the sp then why does it need Algos to suppress the MC. I may be over thinking this but I cannot understand the strategy of reducing when the fundamentals tell us the opposite. Is the company being set up for a hostile bid? Kick it when it's down so shareholders gratefully accept any offer. This must be so frustrating to all invested here and hope news or something out of the blue restores value.

Just looking at the FTSE 250 companies. May be a good time to suspend Algos for a week whilst they Numis continue to buy up shares. Let the sp rise a little to a level that secures the company's position. Looking ridiculously cheap. Hope they have the intelligence to see the danger of scoring an 'own goal' if it drops further.

Very impressive CV. Some smart guys. C&p from their website.. 'We look for value by conducting thorough and diligent in-depth analysis of businesses and the economics of the industries in which these businesses operate. Our portfolio is concentrated - we invest in small number of businesses that have significant potential for value creation and limited downside risk. We concentrate our assets in our best ideas.' Also a good key indicator from AngloAmerican in relation to commodities https://www.marketwatch.com/story/anglo-american-profit-doubles-in-commodity-boom-2018-02-22 I thin SLP are nicely placed to take advantage also.

ragnar, apologies, posts have crossed but similar thoughts....

Utrecht, on his maiden speech on the state of the nation (last Friday) he also made this comment �There is a greater sense of optimism among our people. Our people are hopeful about the future. Business confidence among South African companies has improved and foreign investors are looking anew at opportunities in our country,� I also note Zimbabwe are in the process of trying to reverse the Policies of RM and encourage foreign investment back into their mining industry. Unfortunately, that's the 'rub of the green' with PGM producers and the geographical location of the metals. That's said, the political situation was why I sold my SLP shares many years ago and despite all the corruption, uncertainty and soundbites the company has had continued growth. Despite investor confidence or lack of it the situation is much better now. Time will tell of course and maybe the current sp reflects any uncertainty.

Yes ragnar I had a quick check this morning and it was roughly 40% in free float. Out and about at the moment so not had a look at the company in any detail. Be interesting to see what links they may have to other mining companies.

Cannot be sure but they have added and another ii. The number of large trades in the last 6 weeks is indicative of the institutions reducing or increasing their position.

Another significant shareholder to the list. Accounts for the seemingly large trades over the last few weeks and the sp rise. Anyone's guess if they have finished accumulating but the 3% rule has forced todays update.

Totally agree. Also those investors that have held their nerve during this process are less likely to sell on the cheap. Those sticky hands will cause the sp to rise significantly. All I am asking us how do you determine what is the bottom? It may have touched it last week or bounce from today's close but hard to fathom with these ATs

My understanding is Numis are under instruction to buy back shares on behalf of the company. Apologies as I'm sure it has been 'discussed to death' but this task is taken independently of VEC. I'm only guessing but before commencement I am sure they have been instructed to buy as many as possible for the �15m. In effect, shorting in order to maximise the buyback scheme. Ordinarily the MC can be aligned to the normal reported fundamentals but surely this way of returning investor value is not ordinary. Totally agree that when 'normal play resumes' value will be enhanced but for now trying to find levels of support is almost impossible. The sp looks ridiculously cheap at the moment.

Evening Ragnar.. If no dividend is announced then I would hope they clarify their policy and where they intend to spend it. The 'Buyback; seems to be stalling now so it would be nice if the BoD reward not just themselves but all those investors. As for Volspruit and Grasvally it may have actually helped the company by not 'actively pursuing' the projects when there has been so much going on in H2 2017. Very impressed with the update on Phoenix and how quickly the company turned it around. The timing of the acquisition could not have been better. Just my opinion of course but I think the last 5 years of market sentiment towards PGM producers has held the sp back. I can remember IQE and SLP having a sp parity of 56p. I swapped my IQE shares for SLP. The following months Goldman Sachs issued a bearish note on PGM producers which triggered a sell off. Ironic that they are now bullish the month after I bought back in. For now I like dull. :)

3 Trading days to go after the close. Be interesting if another big delayed trade pops up.

Mulder Got this and AMER on my watch list but struggling on timing. As you point out, the fundamentals are good but the sp cannot reflect them when it is being controlled by Algorithms.

http://www.miningmx.com/top-story/31762-amplats-pays-r900m-dividend-five-year-strategy-bears-fruit/ Goldman Sachs seem very bullish now in this sector!

http://www.miningmx.com/top-story/31762-amplats-pays-r900m-dividend-five-year-strategy-bears-fruit/ A sea of blue on the last few trading days, looking very closely at the volume going into the interims...

Looking robust and a healthy basket price. Amplats have had some coverage. Now paying a dividend after 7 years. Goldman Sachs very bullish. Everything lining up very nicely here. Still under the radar.

http://www.thisismoney.co.uk/money/investing/article-5404007/MIDAS-SHARE-TIPS-City-Pub-Group-pays-investors-staff.html

Like JP I have been looking very closely here. The trading pattern with those Algo transactions are to walk the sp down. As with most companies producing oil there are regional issues or geographical problems that occasionally interrupt production. I don't think this is why the sp is where it is today. Imo the significant shareholder offloading is the root cause here. At some point the market is going to look through that strategy and return the MC to something that reflects the current fundamentals and move higher on the back of cash and increased production. This will be a good cash cow for those LTHs but atm it is all about timing and luck trying to guess the bottom. From experience, it is harder to predict the top so a penny here or there is not worth stressing about in the long term.

http://www.mining.com/web/anglo-takes-south-africa-sale-sign-may-even-buy/ http://www.mining.com/web/mining-companies-suddenly-positive-south-africa/