Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
We all have our opinions on this board and are all entitled to them, but sometimes we just need to be a bit humble, put our hands up and admit we got it wrong.
Aim, I think it's about time you considered that you probably fall into this camp.
How does someone post
"below 28p imho"
When the price at post is above 28p at the time of the post and closes above 28p!!!!
Almost like there's someone hoping the shorters might take notice.
And what's with imho?
It's fine to have an opinion, but I seriously doubt whether many are humble.
A few weeks ago I mentioned SP would stay at 27.5p +/- 1p until March results.
Many have suggested falls back to 24/25p, but the SP has shown a gradual upward trend and seems to be settling in the 28p +/- 1p area now.
Yesterday hit 28.5p, so a definite, if slow upward trend, which looks good for March seeing 30p +
Not sure what all the banter is about on SP going up or down 10%, or what any of it is based on as it's not on anything that is tangeable in terms of CPI's performance, balance sheet, contracts etc.
I guess boredom is hitting some as we will have to wait until March for the year end and until then volumes will remain low and SP remain in the 27.5 +/- 1p.
Until then, just relax settle down and sit back.
Right. Now 28p is fine.
30+ won't come until year end results are released, which have some confidence, will be very positive. Hopefully we will then see mid 30's .
In for the long hall here.
Major part if my pension holdings.
When it hits £1 a share I can retire.
Not exactly a glowing report.
No wonder they are delaying.
DWP assessment firms ‘still producing shocking levels of sub-standard reports’
By John Pring on 19th January 2023Category: Benefits and Poverty
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Contractors likely to be bidding for new five-year contracts to test eligibility for disability benefits are still producing a “shockingly high” number of sub-standard assessment reports, nine years after they first won contracts to carry them out.
An audit of assessment reports written by outsourcing giants Atos and Capita shows that more than one in five (22 per cent) had to be amended because of significant flaws.
Another 2.4 per cent were found by the August 2022 audit to be so flawed that they were considered “unacceptable”.
The two companies need to ensure that fewer than three per cent of assessments are found unacceptable to meet the Department for Work and Pensions’ (DWP) contractual requirement.
In all, only 66 per cent of assessment reports reached the highest A grade, with another nine per cent classed as acceptable but requiring “learning” from the assessor, and 22 per cent seen as acceptable but still needing amendment.
The audits were carried out by DWP, even though the audit process is described by the department as “independent”, with the figures obtained through a freedom of information request.
Further figures obtained through a parliamentary question by Labour’s Kate Osamor found that – through 2021-22 as a whole – both Atos and Capita failed to meet the three per cent target, with the DWP audit finding 3.1 per cent of the assessments carried out by each company were of an “unacceptable” standard.
Atos and Capita are both likely to be among companies bidding for a share of £2.8 billion to carry out health and disability benefit assessments across five areas of the UK over five years from April 2024*, in a long-delayed process that is likely to see the new providers announced in the next couple of months.
When they are awarded, the contracts will see a single supplier providing both WCAs and PIP assessments in each of the five areas.
This could mean Atos once again carrying out WCAs, eight years after it withdrew from the contract following years of negative publicity and links between its actions and the deaths of disabled benefit claimants.
The audit results also show that just 80 per centre of assessments carried out by DWP’s third provider – Maximus – were considered to have “fully conformed” to the company’s professional standards.
I imagine they are saving all the contract news for year end results statement rather than an RNS now.
I guess it will have more impact then and see a decent rise.
Thanks for the comments, both positive and formative.
Just to set the record straight I'm neither a ramper or a newby, just an investor who has done my own research, in which I believe; and have invested accordingly.
Just here to share my thoughts, as most are.
Can we stop with the algorithms and charts and start looking at the business.
It's very different from a year ago and even 3/6 months ago.
Waste has been cut and yes some profitable elements sold, but that was needed to get the cash flow accounts and forward movement on the business.
It just got too big too quick and is now back to a lean and profitable business, which is currently undervalued.
SP one direction. UP.
Double top reversal, looking around back to 24ish imho?
Not sure what this means is how you calculated it but makes no sense at all to me and can't we this heading down to that level.
Of course there are likely to be some small dips, but the trend is clearly upwards.