Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It’s difficult to know what do with small stocks. With the stocks you hold no matter what, because they pay you and you feel comfortable with them, and will leave them to someone else when you’re gone, you don’t worry. The tiddlers sometimes get eaten if they are good and spat out if they are bad. And that happens before , during or after huge price changes. This is a good company. It’s just the price you’re in at and how long you want to keep hold of the rope that will determine anyone’s actions.
I think they are buying themselves. This could be one of those rare occassions when a company going private could actually benefit the small guy. Let's wait and see.
Someone is having a sniff at last
Hello Jolly, your comments are becomming more and more ambiguous or disingenuous. I can't decide.
It might be 30p. It might be where it is at the moment or lower. It might be 50p. The question is: does Blue Horseshoe love us?
That resistance might not put up much of a fight. It could of course, lets face it we don't really know. I've been here for about three years now and I've been underwater the whole time. I've not felt too anxious about SIM though, as I have with some others. Maybe it's the cash they have, maybe it's the fact they don't issue tons of shares, or the fact they provide a service with a forseeable future. Or they are building a dividend history, Or the fact they don't feature as a hot stock to buy in some of the rags that purport to give investment advice.
Chuck some more petrol on it!
Hi Rivaldo. I wouldn't get too worked up about a small rise today. This is a slow burner and if it's not , it's a flash in pan. A pan that's been cooking several years now.
There is a guy on the other board called Chinese Dragon. He lost his wife a couple of months ago, He calls her Mrs Dragon. For what it's worth. my thoughts go out to him.
I've been away for a while. Never thought my 20p would do this well. Seems like they are backing the company and the man. And why not?
Hi rgm 45. I think I might have had a beer too many when I wrote last. The low free float, and therefore low market cap makes it difficult for large buyers. I accept that. Some are not allowed to buy companies below 50 million and especially those with neglible trading volumes. Extremely difficult for them to reduce their holding, should they want to without sending the price down dramatically. That's if they can unload them. I noticed the CEO sold some shares a while ago citing 'institutional demand'. We may see some more shares coming onto the market, but at what price I have no idea.. Anyway, for a minnow with a cashpile and this new contract, I do remain very positive. Some might say, what's the use of a cashpile if you're not capitalising on it. Others might say, I've been in companies with no cashpile, just debts, and more debts, consolidations and finally receivership. I don't think that's the case here.
The price jumps and everyone comes out of the woodwork with free float stats. Surely everyone knew how low the free float was when they bought. If the free float is really a problem why not buy a company with 100% free float and 5 billion shares, rising to 6 billion in a few months time.
should be good for sales.They seem to have a lot of money in the bank and Shaw said they won't be tapping the market again in the near fiuture. Looking quite good for an AIM company, if you compare them with the majority on offer.
This share is unloved because it is a minnow, it’s illiquid, it is foreign owned, and its directors don’t play golf with, or have dinner with, city institutions. That’s why I bought them. The near silence re investor relations and the few RNS reports are a couple of reasons more. The dividend maintained for two years, not long I know, but the cover is more than adequate. There’re a couple more reasons that I didn’t know about when I bought them. There are thousands of Aim companies who shout from the roof tops about what they are going to do in the future. I’m sure you guys could name a few, maybe even bought a few. I have, and they have turned to dust.
It's had a positive effect on the price, though. Maybe if the lawyers had said ' Given the urgency of the case, we feel it could be rushed through in about three years', we might have been able to relax and start planning our retirment on the back of of Sportech.
to anyone who knows. I never deal in CFDs or spreadbetting .I don’t like the idea of margin calls and getting closed out if I can’t meet them. But one derivative I was attracted to in the past was options. I know they have an expiry date, and can end up worthless, but at least you know that date in advance. They are quite a useful tool to short your own shares. If you hold XTC Ltd at a pound, and you think, think but don’t know, that they might take a bit of a tumble in the next six months you could sell all or part of your holding. If XTC is a company you think has a future but it’s experiencing temporary problems or it’s fallen out of favour, but it’s paying a reasonably well covered dividend, you might be reluctant to do that. Why not take out a put option on them. The share falls, you cash in the option and use the money to buy more XTC at a lower price. The share doesn’t fall, it goes up. Your option is worthless, but you can sell a few XTC if you want to cover the cost of the option. Sorry if I've preached to the converted but does anyone know a broker who deals in options. Mine doesn’t.
HI, I'm still here. I thought the spike from 50 to 60 might have retraced. It hasn't. It's got harder. Of course that doesn't mean it won't go limp again. I'm beginning to think of your case of wine.
I suppose we all get over enthusiastic when one of our fallers gets on its feet again and starts running. Especially after the spurt Simigon put on today. It’s a long race and my bet is still on.
It's gone up! I thought they were a good price at about 30. I was wrong at the time, hopefully time will prove me right. And look at the PE, it's nearly over 10. Surely that's not allowed.
Talking of wine, are you familiar with Spanish reds? I l've lived in Spain for 22 years and we have some crackers. My favourites are, in ascending order of price, Gloriosa, Cune, Luis Cañas, Mataromera and Pesquera. Depending on where the sp gets to, you'll get a case of one of those. If it tanks, I'll send you a carton of Don Simon, price 75 pence a litre.