Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I disagree with Cleoncap. The chart looks fine with possible reverse head and shoulders set to go into uptrend. Fundamentally I'm happy. People have forgotten that Kier is also a housebuilder and should benefit from recent promises of government support. Whilst I appreciate construction figures for the industry weren't great for September, Kier has good visibility for future orders and involved in huge projects like HS2 I can't see the government backing out of. I know it won't fly like Basic resources type stocks but it's a safe solid investment. Nice dividend percentage.
by the new low today. If I had any money left I'd buy some more. The previous forecasts for the results due this month showed good visibility and there's plenty of work going forward with HS2 etc. Noticed their name on Hinckley Point construction on TV also. The houses they build at the Social end of things are so clearly needed. I really don't understand why price isn't higher. Does anyone out there know something I don't? Even if interest rates rise it will be minimal and gradual. Kier is exposed to necessary infrastructure projects that shouldn't be affected much by general U.K economy. They're building the stuff we need and paying good dividends. What's not to like?
Yes, 11.40 was the bottom we go back up to 12.50 soon as a reasonable price for this company. Results due end of September should be fine with nice Divi thrown in. Kier is best in class and currently undervalued on irrational fears of association with (bizarrely) recovering Carillion. IMHO.
Yes it is. If you ever want to know the dividend dates on a share go to the HL site. Select the company. Then go to Company Information and you'll find the details at the bottom. Great production results from Hindustan Zinc today on the RNS. Gives me even more confidence this is the right time to be trading VED.
to see VED didn't drop as much as I expected today going Ex-Dividend. After dithering as usual selling at 760 and buying back at 740 (minimal gain) decided to hold through the dividend. I like both the chart and the prospects for VED now. The commodities which VED produces all look more stable with a bit of upside. The graph quite bullish. I can imagine holding VED into the autumn, though no doubt I'll get chicken at resistance points especially £8 which would take a real rush of enthusiasm to break.
to have the chance to get back in today at minimal loss, correcting my premature sale. Will now hold to 760 or happily take dividend if it's not happening for awhile.
Technically from the graph you would expect 760 to be next resistance. If we close above that before July 20 then £8 would be next major resistance point. I got scared at 720 previous resistance, and sold some of mine, thinking Yellen might be hawkish and she turned out to be a sweet little dove.They say it's all about greed and fear. GLA.
The 3 month downtrend has broken. At the least this means we should be able to expect more stability technically and probably an uptrend towards the Ex-Div in July.
With the recent rise due to debt security, technically the graph looks much better now. Optimists (like me) might even call a double bottom. The downtrend of last couple of months is broken. Just looking at the graph knowing nothing else one could hope for some stability around 140 for a month or two then gentle further gains to 145 ish then challenging the longer downtrend of 6 months or so. But knowing Petra it doesn't do anything gently!!
As you may know I've followed PDL for years and jumped in and out repeatedly. I think present levels are a strong buy though it could turn around anywhere in the 130's, technically. Unfortunately I bought in a bit higher than this but I'm content to ride it out as I don't need the money urgently. My reasoning is fundamental rather than technical. I just think that if you think how far PDL has come in the last couple of years the price should be much higher than it was back then. Just do the maths. Less capex, more diamonds, more stable prices. The analysts have been raising the 1 year price targets and I think a fair value price now would be 150-160. I would sell at 160ish for other opportunities even though long-term you should see 180+.
It's fairly obvious, gold has fallen back as investors pile back into the stockmarket on leg 2 of the rally. Dow breaking 20,000 isn't good for gold. However don't worry because Randgold unfairly exagerates the reaction and it won't be long before another scary tweet from President Trump. Hold on or buy if you're not in.
The close above 370 breaks slight downtrend over last 2 months. Technically looks interesting to go bit higher from here.
At this level the 6 month downtrend is broken. Hang on tight should go higher now. £70 looks possible.
Perhaps other gold miners weren't so oversold. If you do some research you will find RRS is very well-managed on the production front. The breakout yesterday was clearly confirmed today. Technically speaking there is nothing to stop RRS rising to at least 6600. If you look at the analyst price targets for one year's time they average forecast 8348, giving an upside of 30% potential.
I think that RRS has been oversold and is staging a technical recovery. Gold has stabilised so there may be some short-covering also. Interesting at today's levels (if it closes around 6100 +), it would actually be a breakout of previous flat/slightly downtrend. Technical analysts say you should buy breakouts so fingers crossed.
I understand your frustration but it's not fair to say the company hasn't shared information. Today's RNS spells out the situation in detail. The news of the unprecedented bad weather in the summer was shared at the time and inevitably knocked quantities. As GEMD is mostly just one mine there is bound to be higher risk than PDL with several mines. GEMD is well-financed with less debt than PDL. The only problem as I see it is that they have been finding less really great diamonds. That can change at any time. It's not fair to call them a terrible company it's just that they are much smaller than PDL. This also means more volatile so if you are sharp you can trade 5% on sudden moves.
I agree and put my money where my mouth is, bought a few this morning. PDL is overbought and GEMD oversold. As for why PDL trades at a premium normally, it's because it's more diversified, less reliant on one or two mines. PDL is also maybe better at media relations, however it does carry more debt. Finding good stones is down to luck in both cases.
Another positive article about Apple and Nine Elms on CNBC web-site this morning.
Story on Bloomberg now that Apple will lease office space in Battersea Power Station. Must be better news for Nine Elms prospects.
Yes the results seem O.K. Bit disappointing we can't have a dividend till next year, but I don't see anything here to scare away investors. Looks like 2017 will be great and at a time when demand for diamonds should pick up, with China doing better etc, and our mines continuing to kick out a few top stones. Patience Grippa.