PYX Resources: Achieving volume and diversification milestones. Watch the video here.
What's hitting LCG and IGG? They have been (comparatively) reliant shares in recent times and I don't think that their business will even be reduced by recovery in the market, whenever that happens. Keen to hear others' ideas.
The market is an ass. Companies which don't take enough risk and buy things while credit is cheap and prices are high are overlooked. When credit becomes more expensive and prices of assets drop, companies that don't dump things fast enough have their share prices punished. In IGG you have a company that has increased its revenues since last year and remains very profitable but because of good risk managament (which means that they may miss profiting on a few shaky punters) the price goes down. How stupid is that when poor risk management is exactly why banks are on their knees? This is coming back in a big way. 250p just around the corner. [Look what happened to LSB and CTT when they dealt with shaky customers. 20% APR looks good on paper (even if morally questionable) but try making it work. Many people who will accept those terms will default.]
The tills will be ringing at LSE when people pile back into the market. I am expecting a massive surge in private investors. People who have not looked at the market for a long time are taking an interest in perceived bargains. There will be direct investment, ISAs and spread-betting amongst others because saving is completely unattractive.