Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Anyone else noticing lots of planes in the London sky? Had stepped out for few ministers and saw 3. And sitting at home the sound of planes flying keeps breaking the silence. And I am not too close to any of the airports. Wasn’t like this a few weeks back. We are heading to a normality.
Finally out of 60s after long. Hopefully we’d be back to 80s in Oct.
Once the pandemic is behind us then there is no reason why this should be lower than pre pandemic price of 460.
If the SP is more than 0.36 x Nex than I’d sell SGC to buy NEX. Vice versa when SGC is less than 0.36 Nex I’d sell Nex to buy SGC. This should be good profit.
Good lesson to shorters today :)
Don’t think this is exposed to international borrowers as this is domestic focussed bank.
Maybe low interest rates are keeping a lid on SP rise. Mortgage rates are sub 1% which maybe having a effect as it’s main business is mortgages. Once the rates rise hopefully next year then this will move back to 60 p. Patience needed here.
Where will this SP be in a years time, if any guess?
Is the ratio 0.36 with Nex is based on pre Covid price. Nex was circa 450 pre Covid and SGC around 160 which works out to be 0.36. I guess this is the really good price and hope the deals works out.
Long term this is £ 4.5. Maybe as soon as the pandemic gets over.