Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Does anyone know when the results are due to be released? I can't find any information on their website. Thanks.
Opinions regarding value are just opinions. ABG was grossly manipulated downwards. Brokers and IC helped destroy confidence, hence the heavy fall. Do your own research then form an opinion. Invest if you believe a company is undervalued. Beware of the subliminal influences that play with your reasoning. Going against the consensus of the media takes courage and patience. When this share was £1 IC still wouldn't recommend it. That is truly shocking. The message : look for value.
i held this last year when it was trading over 200. Since then a lot has changed. The dividend has been abolished and it's fallen of a cliff. Is it cheap enough to buy as a recovery play? it's a bit disconcerting to see all the director sells, then again only 30% of the shares are on offer.
There is divided opinion on a takeover.Some analysts believe it will happen, others, that it won't owing to their high valuation. In life, if you want something and have the money, you buy. You have the attitude, I know it's expensive but I can see opportunity in the deal. Norwegian and Swiss insurers can afford it and are looking to develop their businesses. Regarding the dividend cut: it was expected but poorly presented and explained. Simon Lee is a dunce at pr and i have little confidence in his management style. The man just doesn't convince.
Goldman can be contrarian to manipulate share prices. Their business ethics are reprehensible: " lower than a snake's belly ", should be their motto. Do your own research on Rio. Do you think a valuation of 2500 is justified? Clearly, other analysts and the market have another valuation. They have often downgraded a company to encourage a sell off, then appear like vultures feeding on a carcass. Six months later, it's on their conviction buy list.
Are you sure it's being paid this year? The results were bad due to weather conditions. I thought the company needed the money reinvest for future growth.
Simon Lee should be replaced. He isn't going to lead the company out of this mire. One profit warning due to adverse weather conditions is unpleasant for shareholders but a second the week after due to poor management and compliance smacks of incompetence. He doesn't know what's going on in the company. He couldn't even be bothered to turn up at last weeks meeting. My impression is that he is a very poor communicator and leader. He managed the dividend reduction poorly. Regarding a take over: the company is poorly run at the moment. I know a number of suitors see value.
Something must have stimulated all the buys. I don't think the business outlook has changed much.
I wouldn't be buying at this price. Why did someone sell a large holding? If it was rumoured to be Dermot Desmond then there must be something fundamentally wrong with the business which there is. As for a potential takeover: the numbers don't add up. Think of the debt involved.
Someday? Someday I will win the Euro lottery. There's a Russian proverb: hope is the last thing that dies.
This company always promises but seldom delivers. The dividend is negligible so it won't attract dividend seekers. I sold at the latest collapse around 1230. I wish I had sold at 1295 but thought the company was finally going to deliver on expectations. It's overvalued on these "expectations". If it falls to under £11 it could be worth buying for the " potential " future earnings.
Winter OL in Sotchi. They really do have an uphill battle though.
Nothing surprising in the results. We were forewarned. Man cannot control the weather. I wonder how the plantations fared with the recent hurricane? I trust the management to deliver - weather permiting. I will increase my holding.
Thanks. I used to be. I sold at 350 having bought in at 275. I just haven't been following it's news flow and was surprised to see it on the fallers board.
Next year we have the World Cup and the Olympics. These events are good for bookmakers. I can't see any catalyst before then to drive the shares upwards. Their web site is poor compared to rivals. Playtech is involved in the redesigning, I think it will be launched next year. Ladbrokes bought an Australian bookmaker recently I wonder how that is progressing. The company has to expand abroad. The share price could fall further, if so, I would buy.
The news has been good so why the fall?
Moneyweek tipped this a few months ago suggesting that the new strategy would push it higher. Don't forget this was trading 200p a year ago. Obviously, inside information was leaked before the profit warning as it declined to 80, then collapsed to 31. That is really spectacular. During that time the management were silent. They are dunces at public relations. There was a similar pattern five years ago: the share price collapsed but rebounded very quickly regaining it's loses.
Johncharles: I agree. Market sentiment can change very quickly. Many stocks are looking "pricey". A reduction in QE and geopolitical tension will create volatility.
This will fall back to under £11. It might be a good long term buy at that price or lower. The dividend is negligible. Everything with this share is in the future and, assuming everything goes to plan. That implies no production and political problems in Egypt and Brazil. Trade the volatility.