Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I've held shares that have fallen out or moved up to the FTSE 100 and can't say I've ever seen a spike or drop just because of the move. Also at 105th the percent a FTSE100 tracker will be holding in Persimmon will be very small.
House prices might come down a lot at the top of the market but due to the cost of building a home in labour and materials a bottom is set under the lower end, and one thing I never see mentioned when there is talk about how houses used to be 2x 3x average wage but now are 6x 7x. Most houses are now bought with two salaries not just one so the average couple can well afford £200k, £250k prices if not more, even at these rates.
Sounds like a good time to be buying
Yep inflation dropping quick everywhere else in the world so even with this charlatan government and the brexit dividend inflation will come back down here too.
In fact it may be argued, and I am eating my own cooking here, that now is the time to be buying stocks as more and more money sits on the sidelines or gets pulled out into savings accounts.
All that money will have to come back in in a year or two to get decent returns again.
Some might say that's what Vod have been doing these past years and why so much capex has been spent building the infrastructure for 5g that other networks will have to rent the usage of.
This is definitely a few years play but once the infrastructure has been built, assuming people stop burning them to stop covid :O , the debt will start dropping pretty quick here whilst margins jump.
In mean time the market cap is pretty close to net tangible assets so you are getting all future growth for free plus being paid 5%+ a year to wait.
Seems pretty decent deal
Seems a great price to be picking up shares imo.
Perfect time when everyone is scared of an industry rather than specific issues with the actual company.
Gov can't afford house prices to fall much with an election next year and with most people sitting on fixed mortgages there won't be huge amounts needing to sell up (plus banks have agreed to let someone go a year behind before they will reposes) so underlying mass shortage of homes in the country is what will determine what houses sell for.
Also Crest seems the most undervalued in the field so all in all I'm a buyer here.
Inflation increases house prices as they are a finite resource and one that is linked to the cost of build. Wood, bricks, cement, and esp labour means there will likely be no big drop.
Second banks have agreed to allow people to switch to interest only payments short term or increase loan length where needed and have also agreed they won't reposes houses until the owner is behind for at least a year.
Only a tiny percent of population have variable rate mortgages or are at end of their fixed term so there will be no influx of new sellers on the market, and the country as is very well know has much too few houses for the population requirements meaning a high floor is under prices as there are many buyers out there.
I'm buying right now, fear of future, recessions, inlation, etc is always a good time to be buying stocks that others are letting go cheap.
What a bugger, hopefully stay under a quid until my ISA bonus comes in
Krok of $hit you are living in a different world.
Ukraine weren't backed after Crimea so had to accept. Now west have realised, like Hitler, if you give Putin an inch he'll just take more.
Even if you are pro Russian the idea that somehow magically Russia, and even Russia and China together can outmanufacture the US and Europe is for the birds.
Putin tried to cut and run with his fake elections for territories he didn't even fully occupy. US and Europe also want to make this a point to China not to mess with Taiwan.
The future here is at very very least it will go back to the previous status quo, and more likely Ukraine will take the 'invaded' regions of Donetsk and Luhansk and possibly also kick them out of Crimea.
Like 1st Gulf war the Russian border will be the end of the fight and already Russia is done as a miltary state so there is literally no future for them except as a Chinese vassal.
That is the risk Putin took by betting everything on the faith the West wouldn't unite.
To be fair the company is called Boohoo so what should investors expect?
Not like it's called Sunlit Uplands.
Anyway I'm averaged here at 140 and happy I have enough if it gets back to proper value to make a good profit but enough of my portfolio is doing well to carry this stock.
This and THG and AO have made me appreciate though that you buy smaller growth companies on the US market and stick to bluechips in the UK.
I don't see that ever changing TBH the only reason to buy a UK growth stock is on the understanding it might get snapped up by a foreign investor or company. Never that it will bring you a big profit from getting in early and multibagging.
Glad I learnt this fairly early with money I could afford either to lose so I haven't sunk enough into these stocks that it's running on my mind.
I hope Boo goes up back to where it should be but UK don't buy small companies and foreign esp US investors don't buy into foreign companies hence this messing around sub 100.
Seems a few people on here who may have lost a load of money in Evraz, Pog and Poly so want to try and share their sorrow.
Pity them but don't put any stock in their comments
It's a funny feeling watching your holdings go up and be thinking 'Damn it!' because you were just waiting for payday before topping up further.
Oh well, might get another chance :) but ok either way.
Actually in this case it's an adjective so shouldn't be capitalised.
Can't believe I've dropped to the level of discussing grammar on a chat board :( :{ at least it's on company time.
I see you've put it to work already, hence the share price jump :)
Thanks Gambiny, didn't know about it's use in Hydrogen.
On the old cars thing though, I doubt people, esp in secondary markets will care about fitting new cats, so good if there is already a possible new market.
Share price hasn't been this low in 26 years so would those 1997 figures really still be resistance?
That said, the price was in the 60s and 70s for a while in the late 1990s so if it's likely to stop anywhere it's probably around here.
Anyway I don't worry too much about charts as they are just for short term traders, this is a great price imo for this company and I'll be adding more as other dividend payments and ISA bonus come in.
I don't worry too much about catching the bottom, this is a profitable company and I see the drop as an overreaction to any company with a lot of debt whether they can pay the debt off or not (see miners and tobacco for eg)
Speaking of Platinum, I 'assume' the demand for it will start to increase in the coming years given it's main use is for catalytic converters and there is more and more movement to EVs?
Correct it is completely pointless having one, even more so for it to be an arbitrary number and not linked to GDP or similar.
Ah, Frost, the man made a lord for the Brexit agreement he immediately turned around admitted was rubbish and we never intended to honour.
Better value elsewhere I expect.
Just added some here myself.
Currently the market cap is below its intrinsic asset value , so any future growth you are getting for free.
Huh? Just take a look at rest of the market.
Until gov stop messing about talking about boats and BoE stop raising interest rates which does nothing when the thing pushing inflation is food the UK stocks will continue to drop whether their business is in the UK or not