Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
I mean, does anyone know what percentage of SMT is SP500
As to US stocks worth noting that the pound is up 1.42% against the dollar since Wednesday (as I write this) and much of that was in the last 24 hours.
Does what know percentage of SMT is SP500?
Also still hopeful.
Fund managers continue to sell their positions in AIM and move to value stocks and this is definitely a factor here.
IMO once general sentiment changes and Manolete's actual results start showing decent growth then I expect this stock to shoot up in value. Clearly the last trading update looks promising, it's just a waiting game for now.
I am about 30% down but have no plans to sell and if I had the funds I would probably top up.
This is definitely not a share for traders however if like me you are willing stay invested for to the next 18 to 24 months I am sure we'll all do very well.
The current price has obviously dipped in the past week but still way up from where we were a couple of months ago. I think the recent dip is in expectation of another very low dividend.
What I'm interested to hear how they have performed in the last 2 months now government restrictions have been lifted.
Saw this on another forum and thought I'd share.
https://moneyweek.com/investments/stocks-and-shares/share-tips/604842/how-to-invest-in-litigation-finance
I think (hope!) some of it may be due to the tax year ending. People selling to offset as a loss against capital gains and then once we hit the new tax year tomorrow people buy back and then hold.
Most of the government regulations that were negatively impacting Manolete expired at the end of March so they should be in a very good position going forward.
Actually I think demand will continue to remain stable. While they may loose a few who want to drink at home they will gain by those wanting to go out for a drink but save on regular pub prices. Sadly in times of stress people are like to drink more.
What will hurt JDW is the sharp increase in the costs of inventory, transport etc.. I think this is what is impacting their share price.
No really much to say as there is a general broad sell off today. I'm sure the current extreme rise in cost of materials is going to hit margins however IMO their build to rent business is where I think WJG will fair better than others in this sector.
I think long term this is still a solid business.
Because FTSE has a lot of mining stocks which are holding up the index in fact Fresnillo and Anglo American are doing well today.
I would not call this a "disaster" these are share options and are awarded on a sliding scale subject to performance of the dividend and share price. If that goes to plan that that should be good for "long term" share holders. Obviously we don't know the details of what the targets are.
"Subject to the satisfaction of performance conditions based on (with equal weighting) (i) earnings per share for the Company's financial year ended 31 March 2024 and (ii) average share price over the three months preceding the third anniversary of the grant of the options."
Disappointing to see the large drop today but after watching the results presentation I remain optimistic about the business going forward, this is my single biggest holding and I topped up further today. My target is £4+ by the end of 2022.
One of the take ways from the video is that they have 2 new senior legal hires starting in January and once up to speed Manolete will be able to increase their live cases at any one time from 265 to 400.
https://youtu.be/yvRPXK5-aqY
Great update today. Looking forward to seeing how the next 12 months go. Still significantly undervalued IMO.
I guess it is possible that there is an order could being filled as the spread is almost 10% suggesting there are not many shares out there.
Hard to tell at the moment what's going on as the market in general is down. I think of lot of people are moving in cash at the moment while we wait to see how global markets play out over the next couple of weeks with US debt and China concerns.
Personally I think this will pass and the market in general will pick up next month.
After last weeks update I'm confident that the future is bright for HSS they are now making a profit and more or less out of debt.
According to Reuters Half year results are due on 6th October
I'm pretty confident holding these and it's currently my biggest position. I think demand in this sector is still very strong, their fixed costs will be much improved after moving to a more online model and utilising builders merchants for distribution. Early indicators suggested that this was working well but the upcoming results will be the acid test.
Supply chain issues are my only concern although there could also have a flip side in pushing up demand for equipment hire.
Morning Star currently has fair value at 29.4p !!
Definitely undervalued, not sure about double in 2 years although I'd be confident of hitting £4.50 in that time frame
Been around this price for a while now but I still think long term the future is bright for JDW. They are buying up more locations increasing their buying power and moving in the hotel business.
There will be a lot of attention later next month with their Tax equality day promo
Wetherspoon is to slash the price of all food and drinks in its pubs for one day only next month in a war on tax.
"The chain is set to make the 7.5% cut across its pubs in England on what it calls Tax Equality Day.
The day on Thursday, September 23 aims to highlight the benefit of a permanent VAT reduction in the hospitality industry"
quote from lynnnews https://www.lynnnews.co.uk/news/wetherspoons-to-slash-prices-for-one-day-only-next-month-9211808/
I think this move in the next week or two as they usually have a trading update at the end of August / start of September.
Morningstar fair value is 28.78p so currently at a 37% discount.
If the update is good I think this will be in the lows 20s.
Momentum seems to be continuing. Morning star have this as 334p Fair value so currently a 20% discount. Hoping we'll hit 300p soon.
I have decided to buy today, pretty good value at this price. I had been monitoring this for a while and scratching my head like many of us but the RNS does go some way to explain what's behind this hence why I've taken the plunge today.
I'm now invested with a target range of £80 to £85.