Member Info for marineclark

Double bottom pattern is now completed. Cup pattern forming, so I do expect an bit of a pullback next week(handle). Once done, I see push towards next resistance at 120p, and then the bigger one at 150p. Only a matter of time till these levels are breached, as 200p is the price target, once 150p is breached. Still plenty of profit to be made buying at these levels. This is growth share so buying higher still wins you money.

Velo, good post.

Its not suprising that the P/E ratios are higher in the US as more money goes into the stock markets over there.

Not sure what the industrial average P/E ratio is for Metals and mining. Is it 10? I do know that SLP's P/E ratio(3.4) is currently ranked near the bottom, so as you say fair value today would place SLP price in the 300p level.

This would increase yearly however as cash, from net profits, increases the valuation of the company.

I bought at the bottom(double bottom), and will be selling when there is techincal evidence of a top, which is nowhere near. In fact, if price holds on close, we have a breakout, a time to buy not sell as breakout momentum will push this higher. Let your profits. I know some find this hard, because "profit is profit" means selling at as soon as one comes into profit. This share isnt a high risk oil and gas share with price rallies and drops the next day. Its a high quality growth share. I expect next major resistance is 150p as it is the highest price, and when that breaks, its 200p, 250p from there.

You wont need that sword after all Stoodio. 2 pounds is still undervalued Stocky. Best ride Im having in ages, and its been a while:)

Looks like the floodgates are about to break:)

This is is a strong growth share paying dividends, but its earnings is tied to PGM prices, more specifially RHO. As PGM prices have bottomed, not quite confirmed yet(break out of 14500 will confirm), the next few years are looking good for SLP share price. I will hold this as long as I can, that is the best stratgegy. No need to sell unless you need to really. I see 200p failry soon. Also with ex divident date of 28 October approaching, this should rally the share price.

$106million in the bank June 2021. Should be another $20 million in the bank in September, and another $20 million+ in December. Later quarter profits will increase as RHo prices rise back up.

I will see how the price reacts around the 150p level, before I make any decisions about selling a portion. I'm a swing trader, so I dont tend to hold shares for more than a few months. There are many good shares out there. Now that I have a great screening tool, profits should follow soon enough.

Also, nothing wrong in selling a tiny portion for some life enjoyment:) Don't make the mistake though of selling the lot for a 8 percent profit like some have done. Unless your average gain is 8 percent, and your average loss is 4 percent, than that would work, but there are big profits to be made here at these bargain prices. Imagine selling a DA Vinci for 100 thousand, when it was worth millions.

My 4 hands massage is coming as soon as that 150p is hit. I will sell a portion at that price, and then more at 200p plus. As you said, got to enjoy some of that profit :)

150p+ may come sooner than expected. This price is building momentum. In fact, Santa claus may just have a full sack of goodies this Christmas . Chartwise, I want to see a strong break through the 100p level we are sitting at for the next target of 120p, then 150p. What I like about this share is that it goes up a few percent a day. Its not one of those that rally then loses all of its gains the next day. Quality, value shares are those that rise steadily over time with relatively small pullbacks. Sure profit taking and volatility has caused a but 50 percent pull back from 150p highs, but that makes this share super cheap and a massive bargain. As the coffers gets fatter every quarter, this will cause upward pressure to the share price as is already happening. And with microchip shortages easing, and it wont last forever, I can easily see 150p broken to the upside to 200p and beyong. As I said, this is a stress free, and relaxing share to invest in. Buy some, and put your feet up and enjoy the ride.
All imo, and DYOR.

top slice already? I'll do that at 150p:)

The price is definately looking good. Once we break out of a key resistance level of 105p, the next resistance level is 120p and then the bigger 150p level. I think that 200p is doable in 6 to 8 months. I wont be falling on my sword, unlike my fellow investors here:)

The is slow and steady share, plenty time still to get in. This share wont be moving daily by 20 percent plus moves, but over weeks instead. What you get is a quality, cash generative company, with tonnes of cash, and zero debt. In five years, assuming current low RHo prices, annual net profit is $80million a year. in five years, assuming price stays the same, thats $400 million in the bank plus the $126 already in the bank . That knowledge alone, means that shares bought today, carries very little risk of losing your money in five years givem the current market cap of £270m. just In case you were worried that PGM will totally collapes as some theorists belive that in 5 years PGM will be obsolete due to pure electric car domination. Thats unlikely though, and as RHo prices go back to previous highs, I see this multibagging from current prices.

DYOR, and good luck.

Price has broken out of a downtrend line since Friday. Now is the another chance to buy at a good risk/reward level. The previous chance was at support levels 85p, where price bounced off this support level twice, but that price is likely now history. The breakout offers a second chance to get in for the 150p+ ride. I just added some more shares at this price. With Rhodium prices haveing bottommed last month- it will be confirmed once we breakout of 14500 price resistance levels, and this will confirm a trend change, higher low and higher highs, and microchip shortage peaking last month, there seems to be only one way this share can go. ..up. All imo, DYOR.

I'm expecting this to be multibagger no 7 in the last 12 months.

Oddsseus, for a £260m market cap company, a 130k sale is a drop in the ocean. Directors are typically on 100k+ salary, so there could be many reason to sell a small portion of ones shares, e.g pay for a holiday, new car, house purchase, 4 hands massage... If the director was insider trading, I would think he/she would be selling a much bigger portion than just 130k.

Yes metal prices will rise next year, and it looks like the bottom occured last month.

IN 5 to 10 years, there is a theory that PGM will redundant. If you believe that than buy now for a 3 bagger in the next year or two, and sell well before year 5? Whats the problem? You dont have to hold for 5 years if you dont want to.

No worries Chatmandu.

I used to never look at the financials too closely. These days, I cant help but go through the balance sheet with a fine tooth comb. It was all gobbledygook before, but after some study it all started to make sense. The effort to learn how to read balance sheets is an invaluable skill in trading imo.
Charts, fundamentals, and risk management, are a potent combination. I woudnt skip on anyone these days
True, its good check the data against another source, and I verify the screening data against google finance's data if I have any doubts about the accuracy of the data. Somtimes I even read through the finanical reports! That used to bore me to tears once upon a time. Now I enjoy it. lol

IC, stocks dont move down in a straight line and neither do they go up in a straight line. SLP has been falling slowly for the last 5 months, and it looks like the price is turning, there are techinal signs this is happening. I expect 3- 6 months to go back to 150P+. Just top while you can, thats what I would do, if all my sparecash wasnt already in this:)

Chatmandu,

I meant the mention of the stockopedia website in FIsh's post. I subscribe to IC for the small cap tips and for stocks to put on my watchlist, but I'd much rather do my own stock screening using my own filtering critera. I was experimenting with Yahoo finance for stock screening but the tools on there are too basic for my needs. Stockopedia, just from the brief time playing around with it since registering yesterday, offers sophiscated stock screening tools and comprehensive stock reports on every good stock out there. Its not free, but if I can find a few quality stocks to invest in, using it, it will pays for itself in no time. Still learning how to use it, but IMO its a great research tool.

Fishysaurus, your post is the best I come across in my entire history of using this site, and that is no overstatement. The stockpedia was just what I've been looking for in ages, and it has already proved its use. SLP is rated as a high quality, high value share. Currently momentum is contrarion because the stock is currently in half a downtrend, lowers lows did not happen, but we are on the verge of breaking through the downtrend line. But that also means this is a superb opportunity to buy a cheap, high quality, high value share. Once momentum increases, this will be sitting at 150p+. I will be thanking those who choose to buy at 150p instead , because that will be when I will be taking some profits.

There is only one electric car in our street. the charging cable attached to the integrated lamp post sure as hell looks ugly and could easily trip someone. I coudnt imagine if the whole street had cables like this. Unless the battery tech improves significantly, it stands no chance of mass adoption.

This is trading at enterprise valuation of 2.2 net profit. Some AIM shares trade at 6 to 12 times net profit, ive seen. Fair value for is easily 150p+, imo. The current price assumes a total collapse in PGM prices, which is highly unlikely, but not impossible. **** does happen. Also, i do have have an open postion which if counted would make my multibaggers a 6, not 5,, but I prefer to count actually closed positions.

I not one to predict where prices will go, as they can be make no sense sometimes , so I do have a mental stop loss to manage my risk, in case the unthinkable does happen. However, no risk means a savings account at less than 1 percent interest. So, no thanks.

EPS is going to fall of course, because earnings has fallen with the fall in Rho prices. That would already be priced in to SLP share price now. Not sure why this Ben chap expected more profit when the Rho prices has fallen 50 percent in the last six months? And more free cash? Thats correct, at current prices net profit per quarter is $20 million. Thats goes in the bank every quarter. So the coffers is fattening every 3 months. The point is to of buying now is exactly because of the 50 percent drop in RHo prices due to microchip shortage. Thats why its a bargain. Many people like to buy at the top, but I've had 5 multibaggers this last 12 months, and it didnt happen buying at the top beleive me. Capital liberium believe, microchip shortages peaked last month, so Rho prices should be back up from this month. I wouldnt have minded buying gas or oilers but not now when the higher prices have already been priced into their share prices. before would have been nice. Sure you can wait until RHo goes back above 15-16k before buying and stress about buying above 100p when it does, but I rather be buying like i have done, when RHo prices appear to have bottomed and put up my feet and enjoy the ride without having to micro time the perfect trade, which I wish was that easy.