Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
1. Why would better than expected results have been reflected in a surge, before they have even been announced?
2. If you are right and somehow investors have inside info on results then is 20% not a ‘surge’ in your book?
3. Don’t be sorry, aspersions are welcome
4. Poor results are expected if you go by the previous update... so more of the same in such a short period is hardly going to dampen long term expectations
How incredibly tasteful of you
I’m more optimistic on a takeover. Myself and another former colleague (both former employees) were discussing this very point recently. It’s ripe for a takeover. One of the main draws is the fact that they have an established client base globally. They have acquired a series of smaller companies themselves over the years. If a company wants to expand its global reach then RPS is a bit of a no brainier. They are a solid and resilient outfit.
Add to that, we now have certainty on Brexit and the SP is undervalued. I have a reasonable SP at 90p. That includes taking into account the 2019 profit warning and dilution. Any hint of an improvement in profits and these heads firmly north. With all of that in mind, if any firm is considering a takeover then NOW is the time.
MCPrice... alright pal... I’ll hold you to that prediction.
Think you’re looking at it from a binary perspective. Do you honestly think that everything is suddenly going to return to normal come Spring. They’ll drag it out. They’ll be more dramas.
I 100% agree. Stocks like CINE, MARS, EZJ all recovering very well despite the fact that there is no end in sight for restrictions. RBG is another. As if nightclubs will be open in April. Once people realise that the restrictions will drag into the latter half of this year these stocks will suffer.
US tech is ridiculous. Surely due a correction. What worries me is UK stocks will be brought down by any such correction, despite being much more fairly valued. For example ASOS and Boohoo (and indeed Nbrown) may all suffer if people don’t appreciate that these stocks aren’t overpriced in comparison.
I think mediocre to poor results are priced in after the last trading update. Any hint of an improvement is going to send this much higher in my opinion. GL all
Assault on 90 coming
Too*!
Seems to good to be true
Just to clarify I’m referring to HUR
Lucky escape eh snakes!
It should be noted that there is a risk of dilution to existing shareholders from a possible restructuring and/or partial equitisation of the convertible bonds. Furthermore, if no agreement can be reached with the Company's stakeholders on additional investment, further development activity at Lancaster might not be possible. In such a scenario, Lancaster could continue to produce from existing wells before reaching the economic limit, the timing of which would depend on oil prices, actual production levels delivered and the level of cost savings achievable. The field may then be decommissioned, with potentially limited or no value returned to shareholders. Notwithstanding these risks, the Company will endeavour to secure the best possible outcome for all stakeholders.
I’ve added a final tranche at 65. Was going to wait for a drop but even if it drops I see this heading to 90 by early 2021. GL all
I’d love to hear why you invested at 280 and what you think has changed since?
Would love to know people’s opinions on how a no-deal Brexit would impact RPS?
I think a lot of the uncertainty surrounding Brexit over the last few years has been a bit of a headwind for RPS (think that has been mentioned in previous trading updates). But, that is the ‘uncertainty’ which has stagnated the market in general. That uncertainty is removed whatever the outcome. As for a no deal, what exactly would the impact be on the services RPS offers?
They provide services in Ireland (approx 5% fee revenue) and Norway (approx 12% fee Rev) but not much more in Europe.
Obviously there would be general macro economic damage which would have a negative impact short term.
Interesting articles here-
https://www2.deloitte.com/content/dam/Deloitte/uk/Documents/international-markets/deloitte-uk-brexit-insights-professional-business-services.pdf
https://www.prepareforbrexit.com/insights/services-sector-post-brexit/
Im not convinced that a no-deal would be as damaging for RPS as some might think. The fact that they operate in Europe and further afield is not a reason in itself to assume a dramatic impact on business.
Could slide more Monday but maybe not... decisions.
Picked up another tranche at 66.5!
Will pick more up below 60 if necessary
Yes I think I remember your posts. I did exactly the same thing. Once I’m in I’m holding LT this time.
Hoping for 65 entry. Topped up under 70! This is a bargain
It’s probably related to Brexit uncertainty, profit taking and all housebuilders are down as well (port supply issues, materials prices increasing). Warranted a pullback.