Member Info for miti1000

Just fallen 20p...wtf !

I certainly cant see this falling to sub 100p pre the results in March . I'd expect closer to 150p by then. Its been range bound in the absence of news but as we approach mid jan, we ought to get a run up till results which promise to be very good.

Also for good measure, remember that as we approach 145-150 , we are likely to get into the FTSE 250. This in itself will cause funds and momentum traders to buy in advance and any shorters will stand aside, if indeed there are any of note.

The293mill is actually irrelevant having read the circular , page3 . It has limited uses and cannot be distributed. They have basically cancelled it to allow them to make more distributions with the 164mill of unrestricted cash they do have.

With the forecasts of 35mill and 50mill pbt in the next 2 years , the picture gets exciting depending on what multiple the market will give that.

Have I read it correctly, joseywales ?

Thanks, feels like you are right about the seller sitting on top of the offer at the moment. It will pass with results in early March.

How do you interpret what FCH can do with this £293million ? Presumably most of it is required for their business . TIA.

Ok having looked at it properly, I can see your concern as per the 14th Nov rns although not really why it should be related to the end of year. I presume it will be an ongoing issue over time where certain funds may have to sell.

How confident are you that's the reason for the selling ? I was not aware of that policy at all. TIA.

Chatbox,

With all due respect , what do you make of the recent rise of MTRO from 40p to 67p ? Is this warranted in your view as mtro is not behaving like a company in urgent need of a capital raising but more like a cheap bombed out stock. Do you attach any importance to the CEO's recent bullish rhetoric ? TIA.

Interesting that all of Le Baron posts have disappeared.

Thanks for your posts. Very useful.

Hexam,

Nice posts . Worth bearing in mind that even after rump has been placed , the fall may not be over. AML , a few years fell another 20% . I wouldn't be buying this at this stage even after a 50% fall as crazy as it sounds!! Not yet anyhow.

Thanks for that. A sensible post. Its a shame NOEL cant stfu. The curse of BB's.

Exploration...would be interested to know your views of the RNS yesterday. TIA.

Chacha,

I was very noticeable that the wellness , vitamin and sports nutrition category was omitted from the last trading update .I really thought that going forward that it was this category that would be the big growth opportunity for Supreme. I realise that whey prices have hammered the margins but are you still as confident in this sector as you were before and have sales so far reinforced your belief that you can and will challenge the likes of Holland and Barrett ? TIA>

Why would you feel that ZYT can get back to the days of 20p dividend ? They don't seem to have any killer product in view apart from slow steady revenue prospects? Seems a solid company with a big seller dumping the shares still. Glad to be corrected .

Le-Barone,

Thanks for that and you seem to be 10x times way more informed on the sector than me. Nevertheless, BMS , under this management have put in a credible share price performance as well as reducing debt to low levels. Maybe, it was alow bar but without doubt they are still in a sweet spot in the cycle for shipbroking. Allied to the low free float which is almost 50% of the shares in issue , I'd again suggest that the share price is likely to go through 400p in the event of continued good news.
Your comment on institutions just being in for the dividend has no merit in my view. There are plenty of stocks offering this yield or are suggesting that BMS is a very safe bet to keep delivering good news and growing the dividend. That's a good reason for the share price to keep rising as I'm sure they will deliver a greater than 8p divi for the full year results as well as raising guidance on all fronts. Makes for a good investment rather than the dog you are suggesting imo.

Many thanks for that. I'm surprised Le Barone is so negative on BMS. He clearly has no confidence in management. I have spent quite a while listening to the conference calls and presentations and the job done by the new management has been impressive. Moreover the outlook for the next few years seems very strong.
I note that the ceo commented in August that in 35 years he had never seen a strong market for shipping going forward. That's quite an endorsement. Any view on that, Aishford ?
With the lack of debt and adequate facilities to acquire, I can't see why 400p is not achievable in the next 6-9 months esp. if the $ and tanker rates remain strong. Current forecasts surely will be upgraded once again imo.

Aishford ,

Could you please give me a link to where you follow tanker market rates ? TIA.

Whilst you are correct, Delt is of far quality than either esp. with Shell involved. I'd imagine there is plenty of upside over the next few months even if the spud news does not induce a huge spike. Witness the huge spivy moves in ECO and PRD.

Not everyone is selling. I've just bought 3million in past hour. As you say, good news ahead .i iamgine the selling is mainly from those who applied for as much as possible in open offer and got filled the whole lot which has caused the overhang of selling.

https://www.cnbc.com/2022/09/01/miner-piedmont-unveils-plans-for-new-lithium-refining-plant-in-push-for-domestic-ev-supply-chains.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1662041015

Rumours of bid interest from Betaville for TRMR this morning. Any substance ?