Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
TLWilliams. I'll answer to most things that are polite and even mashed potatoes LoL.
Thanks for the good wishes. I would love to grab a 9% divi if only I truly believed it was sustainable. Unless the group purchases start to produce where does the growth come from aside from clever accounting or there has been some cloak and dagger. I see the mobile telecoms under sustained attack from each other and the regulator.
I do think that many have been unfortunate in their entry points even though in my opinion this share has been a serial underperformer as far as capital preservation goes for years and it seems the ex divi sp drop is getting worse over each year for companies across the market. Maybe there are just too many now having a go and the computers are just too much for private investors to cope with.
I'm a bit of stickler for keeping my capital at all costs and see it's decline as a subsidy of any divi paid. I have been singed a few times and normally due to greed. Mine.
I have envisaged a few times putting in £98,000 (never more and don't ask me to explain though as it is a personal thing keeping any purchase below the £100k) and watching the divi roll in,but the capital loss would annoy me given my reservations.Annoyance at myself.
Personally I don't believe in this company currently even if the narrative from on high in Nov is good. I'd need to see sustained progress and not a bow and fiddle movement. It may indeed rise spectacularly after the sermon on the mount but will it be hot air and many get out as quick as they can even with a lower loss.
I cannot see the wood for the trees so stay out for now and leave my cash to the ravages of inflation.
My limited success has been to take my profit and get out and the old adage "leave something for the next person" applies.
So many on both sides of the Atlantic are now cutting the divi and declaring lower earnings or even losses. Debt is the killer lurking thanks to the ludicrous cheap money that has sloshed about.
The frustrating thing is that I wanted to start an income portfolio but will leave that at least until 2019 and maybe longer.
I also genuinely feel that the board has been too eager to keep purchasing with little in the way of research or local market knowledge. I'd cite India. Will Africa ever show a return or the partnerships a sustainable ROI to justify the billions spent.
However in this market who knows what can happen. It could hit 200 and I'll be glad for holders and regretful for not getting in at this price.
I must admit to being very interested in reading the news from vod soon and it's affect on the sp.
Magnification, not too funny if people are using two id's. I have always said that in order to register on any forum you should need the same paperwork as for money laundering so as to prove your id and them actually use it which I would be delighted to do.
I assume it will happen one day and I believe that if you are prepared to post comments on here then you should treat it as if you are speaking face to face and be accountable.
TLWilliams, I'd be very careful about following people down rabbit holes as sure there are a number of posts that people make the right noises,but all the right noises didn't make any difference to why, how, or what level the sp was going to level out, if indeed it has. I do suppose there is a higher chance it has probably turned the corner and I do hope so as even though i am out in all shares currently i take no pleasure in seeing people lose money ,but all the jargon won't have made a difference in my opinion to that more likely the incredible horse manure machine that is share trading and the smoke and mirrors nonsense.
I have read much about FCF and the synergies and how this would cause a rise and fall and who made this and that do what but frankly I never ever saw a correlation between the comments and their efficacy on the share price.
I don't really know about spats on here between posters,but i will say that quite some time ago I made a wholly reasonable post only for whoever pokerchips is to make some snotty reply. In fact, i named him porkerchops due to that.
There are no Messiahs on here or any other board and advise giving Lloyds board a miss as it is like a mumsnet meeting for wayward kidults.
I do know this that when people are in too heavily (I do always take the "how much I have invested" with a large pinch of salt as there is no reliable way to confirm that) or say they are there is as much panic when the price does not behave as they want as when livestock are herded to the abattoir.
Still i do like to "read" (dirty word at the moment) the comments and find many decent and technically sound.
But I am of the camp that this is gambling unless you have inside knowledge and that you have to be prepared to lose the lot as we are all solely responsible for our actions.
I recall the GSK board (I think we actually exchanged posts at the time) when the divi seemed less secure and the sp took a hammering and am seeing similar sentiments echoed here. People are looking for answers or someone who can appear to give them what they need to hear.
It's not much cop if you are subsidising your divis from capital. The share has underperformed for the past 6 months and revenue is down pre IPO.
I also think that Smithson has included this share in the investment trust.
Longish, just tripped over the hoover cable while trying out my theory! Maybe that's an omen that it is indeed on the up or i am clumsy! Either way I'm watching with interest as i said no further share dealing until 2019 but maybe just maybe there is a pleasant surprise soon.
I can't quite work out what read is supposed to do. Surely if he makes a statement it will be seen as weakness. I mean he isn't elon musk.
I'm also not sure why so many are comfortable with debt when so little appears to be bolstering the group bottom line.
I don't know if the fx will provide some great news and it rises but so many were adoring the fundamentals of this outfit which i really couldn't see other than a hope.
What happens when the divi is actually eventually cut and the 10 year period still is showing not just a capital loss but that you have been paying your own divis. Just mentioning the reverse side of the coin.
Your comment predisposes that you are also prepared to sell if the right price is met, but currently not at your immediate loss.
toffappleton, yes, debt is fine as long as it is sustainable and you aren't propping up divis with it that are beyond ludicrous. If a company goes on a decade long spending spree with little to show for it by way of bottom line returns and not simply the "flexible" accounting nonsense then sure borrow to increase income but not to empire build with sod all to show for it. I am pretty sure many do realise that and really should be afraid of a huge empty drum.
If there are wonderous figures awaiting the much vauted announcement then they must be the "flexible" accounting type as surely no one will believe the change in fortunes.