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Wyndrum - you said "If you buy today you are effectively saying you know more than the combined market. (You may turn out to be right but the market has the same info as you and price it accordingly.)"
This is the 'Efficient-Market Hypothesis' isn't it?
That hypothesis is a generalisation that assumes an infinitely sized market. In reality a large seller or buyer can move the price and if there aren't enough people in the market on the counter-side then the price will change. The large seller or buyer often knows nothing more than anyone else, but they still can move the price. There often aren't enough rational buyers and sellers for the market to be 'efficient'. This is where the opportunities for investors lie.
I think you kind of said similar at the end: "I have come to the conclusion the company and the SP are 2, for the most part, separate entities , one not being connected to the other."
This Buffett Quote is apt: " Short term the stock market is a voting machine, but long term it is a weighing machine."
But enough of all that. The question I am trying to workout is whether HARL is too cheap!
Crazy to think you are all out!?
Personally I think CARD will do better than housing from here. Low interest rates will hurt mortgage borrowers and Inflation may well increase CARD's bottom line.
But best of luck with whatever you choose!
A lot of fear out there.
Mr. Market is showing opportunity!
Glad you are back in.
Personally I don't see the value in SAGA - it hasn't made a profit for years and the debt is high.
I like CARD though and hope at these prices we will end up in a few years time with a stock yielding 25%.
Is the press predicting a 5% VAT reduction and possibly business rates reduction too?
That would be a big help for CARD and would surely cover raised power costs.
They are only valued at something like 30% of yearly sales. Manageable debt now too IMHO.
This intrigued me:
"Company is continuing to discuss additional financing options at the asset level, as also disclosed on 29 June 2022, for additional amounts in the US$5-10 million range with various parties, in order to complete the well financing or more."
What is 'more' ??
"Tempted to sell"
I feel the same (just a bit) but where else are you going to go? I'd welcome the tip.
SHOE must have a cash pile of £15m+ and yearly earnings of around 10%. Dividends and buybacks on the way as they RNSed. Not at all bad compared with many.
This is around the net cash level and they are doing buybacks - albeit limited though!
Sofa sales are going to suffer when the consumer tightens his belt but if the share price is right......