The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I think that's a strong update. SP should continue its recent rally, but knowing ITV anything possible.
Very little to find fault with, maybe had expected ITVX to launch before 8th December, but pleased with update and progress.
I’m nervous. I have quite a big holding in Ben and I’m now well under water. When I look at the fundamentals of the business I’m still confident but that confidence isn’t being rewarded in the sp. I agree with previous comments - this sp isn’t going to move until the business is getting significant money in their account. It doesn’t matter what the Sunday roast boys spout- this sp will only start moving north when we are regularly selling, shipping and seeing the profit of in the bank!
I think if BEN delivers the communicated strategy we will get there quicker than 5 years. I still don’t think we will see much of a bounce in current sp until 80k+ is being sold, trains to transport and seeing cash in the bank.
Definitely going in the right direction.
plonkerjones - I'm sorry I've ruffled your feathers. I did actually work in the city for a period of time. Fortunately I escaped at a young age and have been lucky picking and choosing consultancy work combined with property development and trading shares for a number of years (combined with being a taxi driver for my kids). We will never agree over Russia / Iraq / EU etc.. Maybe I have missed out on a few extra quid but I will sleep easy.
I would like to get the topic back onto BT. These are definitely interesting for telecoms industry. Lots happening / potentially happening. Three / Vodafone. Strikes. Plenty of money being chucked at our fibre competitors. I still maintain BT short / medium term prospects will be driven by market sentiment to uk govt incompetence, how the strike is resolved (although I don't believe this is major) and the next moves of DT and our French investor. I think it's a wait and see period.
I agree the Sunday roast is amateurish. But I do think RNS's should only be published on concrete news - not on what's going to happen. I'm still confident in Ben's business model and progress - but patience is being tested.
Perryjones - I appreciate Brexiteers don't want to talk about Brexit - funny that! I agree with Ippolit. Fundamentally all shares, including BT, have been impacted by UKs economic performance since 2016. Stagnant equity prices, collapsed £, international mistrust in UK politicians - all leading to reluctance to invest in the uk economy. Brexit was sold on a lie - great trade deals, reduction in immigration - none of it happened. Was never going to happen. I know many Brexiteers argue we've taken back sovereignty - but they're deluded - little UK has to abide by US / Europe / China trade policies to succeed - our influence is negligible and diminishing daily. BT share price will recover when industrial relations are resolved, continued aggressive fibre roll-out etc.The biggest driver of share growth would be restoring international confidence in UK plc and establishing a stable economic environment - I don't think we can rely on a takeover for a change in fortunes. Even Reece-Mogg said it would be 50+ years for us to see any Brexit benefit - great!
iceman888 - I live in Hong Kong and I can assure you covid issues most definitely not behind china. shutdowns still occurring when covid cases rise. mainland govt showing no signs of changing policy and still prioritising health over economy. this is a stance that has been reiterated by politicians over last couple of days.
Sorry Fairview - open chat group - entitled to my opinion. I think CGNR is being held back by lack of quality RNS updates on drilling reports and the continued impact of Brexit. In my opinion, and I'm not alone, Brexit has been the primary cause for the FTSE and other UK indexes not growing since 2016. All major global indexes have way out performed the UK, similarly UK currency performance is dismal. I appreciate this is a fairly generic point and could be made against most shares but feel its worth reminding people of one of the main reasons for UK equities underperforming. I appreciate you don't want to hear this and most Brexiteers no longer want to discuss. But I'm glad your 100% happy with your decision - imagine if things had gone badly!! Maybe one day you'll share the benefits - why not jot them down on a bit of paper and see how many you come up with! Finally, ever worked out how many extra years the average UK worker will have to work for their pension pot to reach the levels it would have done by staying in the EU? I have 50k shares in CGNR and feel I'm entitled to an opinion. Feel free to filter me.
Catbert - the criticism of Kwarteng is because the markets don't believe his mini-budget made any financial sense. Gilt market in free fall, £ collapsed, trade with EU in tatters, promised trade deals with US / India / Japan and other major countries either not going to happen or not delivering the benefits Brexiteers promised. He, along with Truss and the right wing faction of the Conservative party are driven by ideology and not financial common sense. Conservative policy has shifted massively to the right and they have a desire to try and turn UK into a Singapore / Hong Kong of Europe - it's not going to work. Brexit was ideologically driven, making no economic sense. Even Reece-Mogg said recently it would take 50 years for us to see any Brexit benefit. Other Conservative MPs who were pro Brexit now openly accept Brexit was never going to deliver any economic benefit. If the govt was serious about driving economic growth the best thing they could do is improve relations with the EU which accounts for 60% of our trade. But no, their solution is saddle the country with more debt. Today's policy reversal is a clear indication of someone who didn't think through his actions and like Truss is out of his depth - their political obituaries could already be written. The population was lied to by Brexiteers. I acccept we might have "taken back sovereignty" but at what expense - at the moment it appears at the cost of future prosperity. UK govt seen as a basket case across the world.
As for Conroy we need an RNS. It's a long term hold for me - which is just as well as I don't see anything happening in the near future.
Narcus and all others who supported Brexit should read article in FT today about facts behind Brexit ideology and what it has driven. Bottom line is Brexit was all about pursuing an ideology above driving a nation’s wealth. In summary, pound has never recovered, our trade with EU is in ruins, all the promised “great” trade deals have never materialised and don’t look likely to happen. We swapped “Dodgy Jonny Foreigner” for the likes of Truss, Reece-Mogg, Boris and Kwarti!!! They are either pursuing a failed ideology without caring about our nations economy and future wealth. As for VOD they are saddled with huge debt and are going to have to pull some rabbits out of the hat to get the business back on track which is going to be tricky in the economic climate our leaders have created. Apologies if I’m missing the Brexit benefits- maybe someone could share.
RickEngland - I'm glad you're happy we swapped "Jonny foreigner" for Boris, Reece-Mogg, Truss and a whole bunch of incompetent fools. The mini-budget yesterday was another masterclass in financial mismanagement. Let's load up future generations with ever more debt. Even staunch pro Brexiteer MPs now openly acknowledge there was no economic benefit to exiting the EU. We have reduced opportunities for an entire generation to work and travel throughout the EU and plunged our economy into chaos. Whatever happened to all those great trade deals we were going to strike with the rest of the world?
As for comparing us to the US that is completely idiotic - you need to look at size of population, economic and political clout to see we cannot replicate the US economy. Even our "special friends" aren't interested in a trade deal.
You are however right this is a board about Boo, so why does the above affect Boo? Boo's future prospects are going to be massively impacted by the mess Brexit has unleashed. Brexit kicked off the plunge in the value of the £ and it has never and doesn't look like recovering anytime soon. I live in Hong Kong so am benefiting from the falling pound but worry about the state of the UK economy I will eventually return to. Having worked in retail for 20+ years the £ collapse will have a huge impact on Boo's future purchasing decisions and operations. So your decision, along with 51.9% of the country to vote for Brexit because of dodgy foreigners and fat cat politicians was short sighted at best. The Brexit campaign was built on a big lie and to blame political corruption and wanting control over sovereignty is the only thing Brexiteers can cling too. Shame they didn't consider the bigger picture and the wealth and health of the country. Did you look at the levels of corruption UK govt decisions led to during Covid and ministers feathering their own pockets . Was that acceptable to you because they weren't foreigners?
As for my Boo shares I will lock in a draw and hope they're worth something in a few years - a bit like waiting for the £ to recover.
Rant over.
We would all love the sp to be back where we think it should be but there's nothing wrong in looking at a company's long term prospects - especially divi potential. But of course being back at a £1 would be nice! When the rail spur was completed I seem to remember the sp saw a bit of a dead cat bounce. It certainly didn't deliver the sp increase I hoped for. Likewise todays permit rns has failed to spark the sp into life. I think the sp will only start recovering when significant volumes of coal are coming out of the ground - the promised 80k pm - and being sold. Permit was just another box ticked. I think it's still important to remember business is only 1 year old. They've come a long way in a short space of time. My main worry is end of lock-in is fast approaching and sp could be manipulated. But I'm still happy to hold.
I love comments like “only if you listen to western media”.
What are we surprised to do - listen to Russian media - they’re not state controlled at all are they?
Who knows what will happen in the end. Maybe Putin will achieve his goals - whatever they are. But don’t believe his narrative that West broke promises and the expansion of NATO eastwards caused the war. NATO expanded eastwards as a result of Russian aggression and behaviour. No country was ever forced to join NATO - decisions made by democratic nations as a response to long term Russian behaviour. This is a power grab by ultra nationalists.
Well done Sienna39 you've managed to lower the quality of the Ben chat page. Most chat pages on other shares are dominated by characters who hide behind their screens being unpleasant to each other and it does nothing to improve the collective understanding and analysis of respective shares. Lets hope Ben doesn't go the same way.
I don't think they have been trying to mislead. When securing permits you are up against govt bureaucracy and try to estimate when the approval will come through. These things happen. You can rage and make an issue or just accept the process. Investing in startup miners is probably not fr anyone who isn't prepared to accept timescales can slip. I accept delay not great but has allowed wash plant, rail road process to bed in. Progress is good but anything can happen.
I don't think the management ever lied to us. They set some ambitious targets and like many mining companies they can slip. But I think the management team have achieved a great deal in the 10 months since ipo. Permit was always going to be around this time. I don't know any miners who have delivered at this speed. I'm still positive.
So, Daily Mail says £5.70 would be taken seriously - must be true because they obviously know best!!
I've learnt not to believe the press or analysts, they often talk rubbish just to get a story out there or name in the press.
Very difficult to put a value on Dark. So many factors unknown.
What about other potential bidders who you would expect these early discussions could flush out!
Maybe initial bid might be around £5.70 to £6.
But clearly lots of hurdles - national security implications are apparent.
I hope any cheeky low ball bid fails, real value is in the long term - although I suspect greedy directors would sell at around £7.
As I said yesterday whoever might purchase it thinks the business is worth a lot more - so why sell out now. It seems a very British thing to do - short sighted.