Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Good set of results and bang on Adastra's EBITDA forecast of between 500k and 1 mill at 828,000. Strange reaction to everything, however, and the SP drops 11% at the time of writing. What a lark.
Storm: I think you will find that customers (dealers and buyers) are not happy with the SGI new website which they have labelled as amateurish and unfit for purpose (see http://support.stanleygibbons.com/support/discussions). My feeling is that these views must have filtered through to the City which must fear SGI losing money with this new online venture.
Yes, a nice piece of business on a three year contract with possibly more to come. Then the share price drops by more than 3% a day later!
Don't like the sound of this: http://www.lse.co.uk/ShareNews.asp?shareprice=EMG&code=bnvb0l6n&headline=UPDATE_3Nerves_on_edge_as_Chinese_authorities_probe_market_mayhem
A great pity WHI's chief executive chose to hide behind the 'confidentiality' excuse - despite the victim signing a letter waiving such right - because we don't get to hear the other side of the story. Even so, ostensibly it looks like shoddy treatment of the client. So I'm out.
China's growth slowing, oil prices rock bottom, widespread fears for world economy, Germany and France stock markets down 2% in a day...how many reasons do you need for the decline in OPHR's sp? A statement from the company won't matter one jot.
Just looking back to an earlier post or two in February and the number of brokers who were forecasting target prices of between 400p and 500p for GKN. Since then the stock has dropped almost 20% from the 366p price at the time of making their forecasts to its current 302p. Reassuring to know these so-called experts can be just as hopeless as we mere mortal stockpickers and we shouldn't get carried away with what they say.
Choppy: you could always sell a percentage now and mitigate the pain of a full loss, then top up your holding later if the share does go down as much as you envisage. Failing that, put a stop loss on the share (say 100p) to sell half your holding and hope the oil price will recover along with Ophir shares in the next 12 to 18 months. Sometimes this game's about managing your losses as much as admiring the winners!
Still nice to see a share rise on the day it goes ex-div.
Do these guys at Numis know something we (and the market) don't? How perverse is their continued sell recommendation and their forecast of a 90p target price?
Silly me, I realised after I sent my missive that the amounts were uncrossed trades!
Nice rise during the day, then some people dumped shares after hours to the tune of £3.25m worth (if this website's trades are to be believed).
Many thanks Adastra and Gotrader for your excellent and most informative posts on this emerging company. Cheers.
CEO Matthew Williams dived in today for a million shares at 127.05p. There's confidence for you and hopefully augurs well.
At the end of February, Panmure Gordon had a target price of 240p for Man Group. A couple of weeks ago, Numis Securities posted a target price of 90p. I know this is a game of opinions, views etc, but I haven't seen something quite as perverse as this for a long time.
Hope you are right, JDF7. This has been my largest holding (perhaps overly so) for five or six years. Pity I never bought any at its lowest ebb, but I suppose we could say that about several of our investments at one stage or another. Good luck.
Well the seller must be stuck for a few bob in a hurry as selling out at such low level is pouring money down the drain. Happy to have topped up at 6.5p the other day so he/she has done us something of a favour.
What long-suffering shareholders need is for Bank of Mellon New York to step in with a bid - starting at 250p and we'll haggle!
There is a flurry of healthy buying activity this morning. Has CMS been tipped somewhere I wonder (or, for some, is the cat out of the bag about Thursday's results?).
Buying? For how much?