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Barbedwirekiss, I am going to say something that may sound strange but will answer your question. Vod had to hit £1.92 and hold that for a few days and this will show signs of an uptrend to £2.08. I think we will be sure by Monday if it stays above £1.92 then we will hit £2.08 however you have to be patient to get that price. However something strange has shown on the chart, that happens sometimes and I saw this pattern with Hsbc at £4.89 where my target price changed from £5.23 to £6. If we can see a price drop below £1.96 tomorrow then we could see a new price range of £2.20+. In essence vod will go beyond £2 within a few months but we need a drop below £1.96 then happy days.
Hi Picket, £1.92 target is met, now we need a sustainable price above that for a few days and then we should see a good push upwards. GLA. I have loaded up so hold a decent holding now all I need to do is wait and pray, and search for the next bargain.
Hey picket, well done on BDEV and you got in below my signal price. TSCO was an interesting one, it never got picked up as it did not give a divi, lol a flaw in my methods. I think your £2.04 is ok, remember be patient mate. Also if you stay with it you'll make 4% -5% alone on divis. Just wait for £1.92 then smile, hope this does a Barc.
To JMO and PHO, some good thoughts. In terms of RSI I do track daily however I do also monitor last 10 years sp it's strange I know. I also only go for stocks that I feel will last the test of time and will be around for the next 5 years. Also I track divi etc... I am not afraid of so dropping and I do not say trade, I look to buy in where I feel I can make 10% to 20% over a reasonable timeframe, but my strategy is looking at 12 months and if need be strip portfolio. This strategy I have now seems to be working, I have lost thousands in the past, until I read the intelligent investor and sat with a proper trader shadowing for 2 weeks. I mix technicals with fundamentals and have designed a weird algorithm, not full proof as it told me to buy Sbry at £2.55 and sitting on a loss, but again not scared as I'm sure I will make 10% on there eventually. Jmo you have mentioned some good stocks and I had them on the radar but no buy signal on either. There is 3 stocks that showed a buy signal ABF, AV (but missed that one, I was nervous to click the buy at £4.40) and vod. Vod has good cash in bank so hence why it's come up. Let's see what happens I am in this now and waiting to see if £1.92 is met then I will plough in a bit more, then sell at £2.08 when that comes a good 8% return. GLA in VOD.
To jusy_my... I have a very tricky algorithm that looks at various factors from eps, graham number, volumes traded and rsi to get a buy or sell signal. So far vod has an rsi of 20 this is very unusual as most chartist know at rsi 70 you sell and rsi 30 you buy, 20 for a ftse 100 is unheard of though does happen rarely. Yes I know 1.92 was hit yesterday but there was no bullish signal. The bullish signal came in early today at £1.8910, this was actually I think the day low and my score indicator suggest if bounce to £1.92 happens then this will move upwards until rsi hits 70. Only factor my charts can't predict is any geopolitical or environmental uncertainty.
Hi picket yes been a while, as you recall I was bullish on Barc and Hsbc, both done well for me and now I'm out. I am still down on Sbry but confident it will turnaround. I am now looking for my next buy and vod and av. are clear favourites, if vod can present increased sales growth then I see this rising, the technicals look good. I've put in a cheeky sum of money in vod but will top it up if £1.92 is hit over next few days. Hope you are well and trading glen is working out for you.
I have been watching VOD for a while and my charts have now pulled in a buy signal at 1.9015 today. However the strange thing I don't get is normally the chart will suggest a lower buy in price then current price. However the charts have stated that if VOD hits £1.92 then it will rise from there on with a target of £2.08. I think VOD is a good low risk stock that is undervalued. Be patient guys and wait for the magic £1.92 to hit.
Wrong board, please ignore. I will repost in correct board
Looking at the charts barclays today have shown signs of a bullish signal, that was hit at 2.43pm today. from my layman graph. I calculate that if barclays can slightly drop to £1.49 then a trend upto £1.80 is a possibility. Barclays have a good balance sheet and a very strong wealth proposition, potentially ahead of its competitors, so £1.80 should be destroyed in my opinion
Please help, I am going nuts with calculating the future value of this share and every formula I use I get the same value of £1.46. Can anyone explain what will hold this back, if the staff share payments were not made this year then I calculated that Tristel would be currently at £1.56 a share. What have I missed that the market has factored in? I cannot share the formula unfortunately, but the formula has not been wrong for me so far in 2016 when I learnt it, made money on Glen, AEO, Laird and the formula has picked up Tristel, NMC and Barclays as the next risers.
Rbs trading above its book value so worth waiting for a little retrace if you want to buy. I am being greedy and waiting for £1.79 however it may never get that low. If it does then should be a Stonking buy
Hard to know why a company would do a share split. Forward splits are more common and by diluting the share means that companies can raise more cash. A reverse split which is what rbs did normally is done to stabilise a company and stop volatile trading of its shares. Also it helps give a more fairer valuation of the companies assets. I would have preferred a share buy back scheme and dividend payments from rbs, but the issue is that this is a badly managed business. For me other banks are run better and could be a safer place to put your money. Barc goes ex div on 10th March so sp will gradually rise there and then a massive drop, just like hsba did. But worth buying as thay are safe enough and you get a decent payout
Never ignore the basics. However sentiment may push rbs up to £3 eventually. Have you seen barclays sp, this is de ja vue and 2008 all over again with banks.
You are right that there could be political agenda with rbs. But in reality unlike the other financial institutions since 2008 rbs has been stagnant. People forget that their was share consolidation with rbs. In reality the price is 23p so only up 100% since 2008 low. That is a bad return. it worries me how much rbs have to invest in the business I'm 2016, with a 2bn loss their should be nothing. The ringfencing of business might help. Personally like lloyds sold tsb, I think rbs should sell natwest. Natwest is a more solid company and if there was a IPO there I would take it. the board is very poor at RBS, o wonder of the government sold it's stake at a loss, whether rbs like northern Rock will crumble and assets bought by Virginia money. There is too much competition in uk and rbs can't keep up, santander 123 is the number 1 account, building societies provide more secure money, so not many customers are incentived to take out rbs products. For me lloyds is the sleeping giant. I had a 45p short but it never hit, however I did close my position at 57p, another lucky gamble. Just hope shareholders here get rewarded for their patience. A new marketing campaign and revolutionary product proposition may save rbs, Gla invested here.
Yep luck and skill is very important, other than munger and buffet, most traders are lucky, u just have to see the amount of time the same analyst changes his mind on a stock. E.g with other people's money it is easy to speculate and say rbs will hit £3, if it hits £3 in 3 months would that make me smart, state the obvious or pure lucky. I would say lucky, as I am defo not smart and markets have proven nothing is obvious. Gla. When I get a chance happy use this to share some numbers, hopefully together we all can predict roughly where rbs should be
No problem, happy to share my thoughts. But to note I don't give advice. I have made some terrible calls, normally these are stocks I gamble on but have done well on proper stocks using value investing techniques. From what I have learnt it is good to build a portfolio with good stocks first that give a divi and are profitable, with an constant improvement in book value that outperforms gilts and bonds. Once you have a good portfolio, u can then gamble on a few unknown to see if you can get lucky. Rbs was my first investment as a novice bought at 12p and made a killing selling at 62p. I mistook luck for skill and bought angel biotec and sarium and again got lucky. That luck did run out, and then on a investors course I learnt what I was doing wrong. Then I learn what Eps, nav, div yield meant and was introduced a book written by the godfather of investing. Since then I have done well and now I have skill. I do make mistakes still, my biggest being afren and enq to date, but did very well with aca and rrs. I am now risking it all on lloyds and hsba, did very well with lloy, hopefully hsba does well. This is on my radar, just incase rbs offer a divi again, but gonna be gready and wait for sub £2 if it don't come then don't care plenty good stocks to have. Read up on Benjamin graham and study him, his techniques are prime and ready for this type of market
I have taken a very conservative approach to calculate book value, and many do it differently, I took away all intangible assets and valued the business on current assets less total liabilities. The way I looked at it is that if RBS sold everything today and paid of all their long term and short term debts what will each shareholder be left with. I agree if you took a less conservative approach then rbs is trading in line with book value. I normally take the more conservative approach and like companies that trade 1.5 times above that. So for me RBS is a bit too expensive. when rbs turns a profit then rbs sp will be valued more than other banks, as their balance sheet is more stable. The issue rbs not making profit, which means they need a reshuffle at board level, also they should sell some of their smaller businesses. THEY have not recovered from the dodgy ABN amro deal years back
It is impossible to say on a daily basis what price a stock will fall or rise to. Ypu should concentrate on calculating what value rbs is worth now and estimate whether the market has overvalued or undervalued a stock and predict what it should be in 6months post interim results. In my opinion rbs has not made any profit for 8 or so years, that is 32 quarters without profit. For me it is well overpriced. However if rbs sold their whole business today the price per share should be £1.79. For me rbs is not a business, it's a stock that traders like to play with. My recommendation if u can play the swings then trade it, as in theory tgeir is no long term value in rbs. For me lloyds a better company
Running todays disappointing figures through the mill, it shows that RBS is in dire straights. If you bought 1 RBS share @2.26 you will have £-9 loss. However the assets and debt look manageable so on the balance sheet valuation RBS should be £1.76 sp. I would recommend anyone who wants to buy RBS should be greedy and wait for Sub £1.76. Its going to be a tough 2016, they have no money to invest in improving the business, so will need to borrow more, cut jobs, slash bonuses, exit some markets etc... As Warren Buffet says if the comany aint making money then stay away from it. For me HSBC / Lloyds and Barc far better value. How long can RBS run at a loss before it collapses. Very bad management at the helm, if they cannot make a bank profitable.
Also do you think it is worth us writing a letter to fca regarding the investigation of afren. Are you sending letters on behalf of all shareholders or do we do it individually