Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
They overplayed their hand turning down Illiad, got into talks over a combination which still left them with the headache of a JV and are now having to consider a sale below asset value to get cash. This is the hidden pressure of too much debt and an insane commitment to keep paying a div they can't afford.
67p, very good?
Suppose it’s a question of timing, but surely anyone who bought here for a nice safe return must be asking questions of their board. Not to mention the losses of not being invested in the broader US market instead.
Egg on face from goading goes both ways.
There is an old interview with Jim Kramer explaining his hedge fund days where openly admits if you wanted out of a position you just create some rumour or other falsehood to pump the price. Friday is a good day to do it.
Thanks for the offer. I’ll hang around so the alternative view is aired and new investors can make a decision.
Manage your risk appropriately. It’s not a no brainier multi bagger.
And many other stocks, but all in USA sadly. A new world is taking shape and the next batch of winners are bubbling up, and they are listed in US.
VOD returns even with a div will just disappoint for years ahead, unless their is a marked change in strategy.
Stock stamp duty raised about £3.5bn last year, or 0.3% of what we all spend, which I find a bit frightening.
Because you want the NHS. Got to be paid for somehow.
Gutter missed the fact USA is shut today. FTSE always drifts about when USA not in play. You should wait for Tuesday before deciding if he’s a swivelling one eyed lunatic.
I think you have decided already though. I am firmly in that sin bin, having suggested 80p was on the cards when it was 140p. I was lucky of course.
The deal was done there and the discovery got away to Lundin. The mine itself had a short life and was purely underground so easier to permit. I don’t think Lundin did very well from it going by the stock price.
They were the salad days back then for small mine explorer. Pre 2008. I would regularly have a finger In 5 or 6. 3 would fail, one would hold it’s value and 2 would get gobbled up for many bags.
Things are very different today. No rediculous buyout offer will come from some Asian country assuming the metal price will go up 10 fold.
Demir will do the calculations and figure it not worth the fight to get open pit mining permissions for the grades they are finding.
That my guess.
VOD can't be taken over by an all cash offer. It's too much of a mess. Nope, E& are on the board now and will continue to reverse their way in. The average joe shareholder probably won't benefit.
'Profits' are being used incorrectly by paying out a div. There are €114bn accumulated losses on the balance sheet as the profit was never really there to payout.
Cutting or abolishing div would suggest better financial management moving forwards.
IBKR have the best FX rate, and they do an ISA. If you want to follow Porsche advice.
CPI came in a little higher than hoped stateside. Holding things down over here I guess. Rate cuts in March getting more unlikely.
Funds and trackers are a good way for private investors to go. Takes the phaff out of analysing.
I like the game of picking my own stocks.
Just analyse some companies at least. NVIDIA is going off on one because earnings are, and the forecasts are eye watering.
It's a mistake to assume everything tech is a hot bubble and will crash down. Pretty sure Microsoft was a hot bubble when it was $35 at the peak of dotcom, now $419, and it pays a div.
Of course the landowners are happy. It is not them you need to ask. The ordinary residents who will influence the councillors deciding an application. The ones who get no benefit but have to deal with the loss of environment dust and noise.
I suppose my scepticism comes from my early days in land development. If locals can get in a froth over 10 houses, they will be apoplectic over an open pit mine.
Maybe you'll win on appeal, but it will take 10 years and millions. Just cost that into the forecasts and adjust the SP accordingly.
Go West young Rob. ARM holdings the cambridge chip designer that opted to list in NY went up 50% this week on strong forecasts. NVIDIA up 50% YTD. Palantir, which has that NHS data contract, up 200% in a year. All stateside. All future world companies. All easy to spot if you read up on the future.
Not said to seem clever or make you jealous (I have my own selection of dissapointing UK investments). It's just an extension of the discussion here this week that staying focused on the UK is bad for investor returns. There is action for investors to get envolved in and it's annoyingly in America.
I would love to know the view of a resident in the area. Are they really going to allow extensive open scars across large swathes of middle Ireland?
The land is more valuable to humanity for producing food for a start.
There will never be large scale mining in central Ireland. The prof should be honest with investors what is possible here and stop dangling yet more gold to raise yet more money.
I remember reading posts about the overhot US indices and the oversold ftse 10 years ago. 10 years on, FTSE up 10%, Nasdaq up 447%.
Sadly, the stregth is in America, and the FTSE is just dinosaurs.
Buybacks don't work if you are not using gennuinely excess capital to do them with. Same with divs.
VOD are not redistributing excess capital. That is the bit the city does not like.