1. They have stopped the silly shorting 2. Discount seems undervalued based on the quality holding 3. Reduced big-cap china
Their social media Twitter feed is generally embarrassing and shows them up as the charlatan's they probably are. Personally wish I had their job, must be great getting paid for underperformance. The latest one has a video on why investing in China is great yet MNL don't invest in Chinese mid or smaller companies instead of the uber risky mega caps. But the thing is the discount is getting to the same level as the Chinese holdings so on balance MNL has significant upside when the sector and large caps re-bound like they are at the moment.
Posting this info second hand to Steph about 10 months late as I did not understand it myself but knew P/E ratios listed are not truthfull for any trust or fund:
The portfolio P/E is the harmonic mean of the individual stocks' P/Es, not the simple average. - The portfolio earnings yield (the inverse of its P/E ratio) IS the simple average of the constituent stocks' earnings yields. - The correctly-calculated portfolio P/E will never exceed the simple average P/E of the constituent stocks. - Low P/E stocks influence the portfolio's overall P/E ratio more than high P/E stocks.
To illustrate the last point, an equal-weight portfolio consisting of a 10 P/E stock and a 190 P/E stock has a simple average of (10 + 190) / 2, suggesting a P/E of 100, but the correct P/E is actually 19.
Doesn't help with the limitations of P/E as a measure, but corrected some of my thinking about portfolio and fund-level P/E.
It is very clear to me who the seller is. It has to be AIMtoDeath because all 3 of his shares HZM, SAV and ACP have fallen together by the same amount while the rest of the market has risen. And he has not posted here in a while. :-)
My light-hearted point is that the fall is still sub-sector specific with companies with similar characteristics moving together and is not a result of inside information.
Absolutely many of you all could have done this damage on their own. As mentioned before there is no buy volume hence the charts are absolutely useless... yet I did stupidly add on the trendline knowing this at 6.19p and yep it dropped under the trendline. I am new investor here and easily have enough funds to soak up this dip and support the share price but I rather wait and see after finance.
If you look at the low volume you'll know it won't take much demand. Mining stocks are recovering and once people start buying the open-endend small cap funds... and I think they have put their buy orders in for next week, we could see recovery.
Industrial mining index continues selling off as much as -2% today alone. Small-cap value is also down meaning outflows from open-ended funds like the marlborough micro-cap. That is all we need to know. Charts are useless here due to no volume other than the sellers.
Anyone holding here needs to accept that HZM is a latent-growth prospect and inherently will under perform the stock market that generates around 11-15 percent annualised. So if does 100 percent it's a job well done.
Graphite Miners News For The Month Of June 202104 Jul 2021 18:50
Summary * Graphite prices were flat the past month.
* Graphite market news - IEA report - Demand for graphite alone will grow 25x by 2040 (sustainable development scenario).
* Graphite company news - Walkabout Resources expects Q2 2022 start for graphite flake production. Talga signs MoU to provide active anode material to Freyr.
* NextSource Materials secures graphite flake offtake agreement with thyssenkrupp Materials Trading. Leading Edge Materials positive PEA for its Woxna Graphite Anode Project with US$317m Pre-Tax NPV and 42.9% Pre-Tax IRR. Nouveau Monde Graphite raises US$59.4m.