Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
How many share consolidations has RRR been through? Mr Bell is brilliant at his job. This whole company just keeps turning over more investors cash to keep him in his luxurious lifestyle. And he always has a perfect excuse for any difficult questions.
tshipi/JMS investment has been one of the only decent investments in the company history. Too many white elephants to recall
Sorry, to be exactly correct, the company IS fully funded for all of 2021 but this fully funded drilling campaign will run into 2022.
Drilling/works programme is fully funded for the next 2 years. From existing reserves. So I guess they'll use the cash to pay for that. SDX are in such a strong position going forward.
To be honest, I have my reservations about the transparency of this Co and have sold out previously.
BUT..... given yesterday's drop, I couldn't help but buy back in. It should be 40p plus right now, so any opportunity below 30p and I'll buy. 2nd biggest holding now so hopefully onwards and upwards.
of a share this one is. Glad I bailed out at 40p now. Thought about re-buying during lul, but now covid vaccines are out, and with questionable accounting/management (IMO)
If you can't make hay when the sun is shining, you damned when the sun goes away.
Good luck all and goodbye
That's a fair point Manunited31 and to sheungy, yes we need to be conservative but results won't be published until 10th December and the divi won't get to us until early 2021 at best, so this could drift a bit especially given the neutral out look and 305p target which we have been at today.
We should be worth more in my opinion, but there are other investment ops about that might reward sooner so a bit of patience might be needed. If this drops to 290p or below I will be buying more
Manunited31 is talking rubbish. See below for some positives and dividend information from September announcement. Manunited31 is spouting fake news.
Tue, 8th Sep 2020 07:00
RNS Number : 2814Y
Smith (DS) PLC
08 September 2020
8 September 2020
DS Smith Plc AGM trading update
DS Smith Plc ("DS Smith"), today issues a trading update in respect of the period since 1 May 2020, accompanying today's Annual General Meeting.
Trading update
The business has progressed well in the period with performance continuing in line with our expectations, despite the macro-economic challenges that resulted from Covid-19.
"Our like for like corrugated box volume performance has improved over the period since the initial impact of Covid-19 and in August we have seen a return to positive growth vs August 2019. "
"Our leading FMCG and e-commerce business has grown through the period demonstrating a consistently strong performance with our multinational customers, more than offsetting the continuing challenging conditions in a number of industrial categories."
"We are encouraged by the progress in North America, in particular in attracting new customers, including multinationals, to our Indiana plant."
"Given the performance over the last quarter, and our improved clarity in the outlook, combined with a strong financial position the Board intends to declare an interim dividend for the half year to 31 October 2020."
Yes, with Amazon results and picking up some big customers in the US I would say things bode well for DS Smiths.
I'm looking forward to results
35days is not years is it.
It was announced that divi News would be released and the divi reinstated with next results end Oct. So not long now. But I'm not a long term holder like some.
AISC too high. Its a bit ridiculous how wild the swings in this are. Covid doesn't excuse its increase. Production is not what investors thought it would be and low and behold, more excuses from management.
Don't worry though there will be Jam tomorrow. I am glad to be out again. You can trade this, but I would never hold this to be a multi bagger anymore. Its a shame.
I feel Dan is a bit of a magician. Some might say con artist, others might say he stretches the truth or plays games with smoke and mirrors. But i would say Dan is one of the major reasons for the lack of interest in this share.
It's clearly worded in the RNS that they are going to reinstate dividends. The figure to be confirmed with the end October results.
November not NIV
I listened for over 30min to the Telephone conference after last results. It was a fantastic phone call and the FD provided some great info. Since then, sales have continued to climb and are above last year's on a like for like basis.
I see what you're saying on the divi Manunited31, but hopefully it will be back on track and caught up soon.
SMDS look like a nimble forward thinking Co. They are concentrating on environmental factors and expansion (europac purchase and plastic division sale). Low P/E valuation too.
I see this at 350p ish plus 15-20p divi min by mid Niv
Maybe they are going to discuss how going forward new share awards are going to be linked to the share price and will not be too easily obtainable. I.e. They actually get the value of the Co. up to the benefit of shareholders.
Mark Reid the CEO is being awarded and granted too much stock IMO for doing very little to increase the wealth of shareholders. I have seen my investment diminish here whilst Mr Reid has invested bugger all if his own money yet is mopping up shares left right and centre.
I'll be asking questions on this to the Co.
You need to do something meaningful Mr Reid to justify your gravy train!!!!!
Only 3 weeks to go. Hopefully this will build on forthcoming results and dividend announcement.
Sales have been exceptional in August and September. Could they pay a special as well as interim dividend?
Blue days ahead
Says end of October results so maybe November, but not certain. But covid might change things
@aprogerston...it is great news about pasofino and the financing, but they need a wee bit more than £6mill to secure the 49% stake in dugbe. Someone has speculated 20-40million to cover their obligation? Its going in the right direction, but why such a large drop today, especially with all the president related news out of Mali??
Seperately I might be going crazy, but I read somewhere that HUM have lent pasofino the £2mill deposit they had to pay???? I do hope that is fake news!??