REMINDER: Our user survey closes on Friday, please submit your responses here.
I agree. I think we'll only understand what the market thinks when US opens later. UK institutions lost the ability to value tech businesses. Unfortunately for PIs I think management will be happy to sell around 750 to 850 - they will cash their shares in and make a very nice profit. Thomas Bravo I'm sure will be valuing the businesses at a hell of a lot higher. PIs might make a quick buck but miss out on the medium to long term value of the business and its true potential.
I was hoping for a bit more of a sp rise this morning but looks like resource levels already factored in. Hopefully someone will clarify for me but isn't the 92.7m resource level being quoted below a bit misleading? Isn't the real number we should be taking notice of 33.6m - this is the true estimated recoverable coal? Of which 12m is surface or hw recoverable and balance of 21m underground mineable. Guesstimating we eventually (I know not anytime soon) mine 1.5m a year - life of mine roughly 20 years! That's a very valuable business and a lot of potential dividends! Feel free to correct me if I've misunderstood resource volumes.
I’m really struggling to put a value on this business. Train news is great but how much was that factored into current sp - the train turning up has felt inevitable for weeks. Game changer would be positive MW report on additional resource, followed later in year by divi announcement. Divi talk of 10p later this year should in theory rise to 30p following year - which world still leave plenty of leftover profit to invest in further expansion. Maybe I’m being greedy but don’t think I’ll consider selling any until sp hits £3. Am I being greedy - thoughts! Difficult to out a price on sentiment which seems to be the major driver of a sp. I’m thinking train news should see sp hitting previous high, with positive resource update seeing a re-rate.
You're a friendly bunch. I have a sizeable holding. You're right, it was a lazy question but I'm holed up in a quarantine hotel in HK without access to my paperwork, just a phone. I had in my head c19m but was just wanting to doing some quick sums and having been looking at a small screen all day I thought someone might save my eyes. Sorry I asked. Don't post often and can now see why. Been trading full time for 2+ years. I was playing around with some numbers and roughly working out where the share price might go in next few weeks ahead of end of tax year. Potentially moving back to UK and was working out possible CGT liability, compared to staying in HK where I've never had to pay tax on shares. And I am more than aware never to take what is posted on any chat room as the gospel truth.
Well said Happy. Hopefully most countries will unite and isolate Russia. There are no positives to take, but maybe this is the beginning of the end of Putin and his vile nationalistic regime.
I think it's easy to understand what's going on. You don't position 150k+ troops just for a laugh. Putin oversees a corrupt regime. He's nostalgic for the old soviet days. He's pushing against weak western leadership who for too long have cozied up to Russian oligarchs looking for quick investment. It's a power play. And BP only operates in Russia for greed. Like most big western corporations greed comes before morals. I would be happy if the disinvested from the country.
Talk of Plan C and a new mini lockdown / circuit breaker makes me nervous. I will watch for next couple of weeks and probably add early Jan when things are a bit clearer. I don't think there will be any sudden changes in sp - unless a cheecky bid comes in taking advantage of low sp but I don't think that's very likely.
I agree with Duncan. I'm not going to sell any and buy all additional shares I can. If you're day trading this share nightmare today but lots of opportunities going forward. I still believe medium term share will eventually come good. Some positive contract news and sentiment will change very quickly.
Blimey this BB has really gone down hill. Anyone wanting to understand the evils of social media should study this page. What's wrong with so many of you being so personal and making aggressive comments. If hiding behind a screen and firing off abuse makes you feel good you should take a look in the mirror. Rampers / shorters just say nothing if you don't have anything constructive to say.
Petronius - I don't agree this is a Bear Sterns moment. This is largely a Chinese internal debt and private investor problem. Western banks have some exposure but nothing that should cause a major panic. I think western jitters would be around Chinese economic slowdown. But as with most things I guess it all comes down to sentiment. It shouldn't impact global economy but negative sentiment could spook the market.
I appreciate it's a small float on these shares which means SP can be a little volatile at times. But I'm a bit suspicious of the last couple of days trading - it has been nearly all sells from what I can see. I hope this isn't selling on poor trial results that might have leaked out!
All gone quiet. When do we think there might be any news / update on trials?
I don't thin results are due until March and just wondered if we'd hear anything soon.