Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Cardinal3, to be fair, whilst I have been saying for some time that this was a very cheap share, I was also stating that it was not worth buying yet because I felt it had further to drop. My previous comments were issued when the shares were at higher price levels and I did feel then, given the sheer weight of negative sentiment on the shares, that they were likely to fall to around the 41p - 43p levels. I have marginally changed my view in this respect. It's clear that the shares are indeed banging along the bottom of their current [very low] trading range, but they do not appear now to be falling further.
Obviously, I do not know if anything negative will be issued via RNS, but in the absence of that, these shares are priced laughably low. In fact I wonder if SMS could take them private at this pricing level. He must certainly be very unimpressed at the current share price.
One can be too mean and wait too long for the shares to reach their [expected] bottom, but in my experience, as long as you get in close to that bottom, you will achieve an excellent return as the shares eventually re-rate.
2023 has been a disastrous year for SFOR shareholders, but I cannot see why 2024 should be the same. If advertising spending starts to improve and there are big elections taking place next year which should help boost things, then these shares must re-rate. I have got in now at the current 47p-ish level - a price I never thought possible to buy in at a year ago.
As ever, DYOR, and be prepared to be patient - I really think it will be worth it here in due course.
Cardinal3, to be fair, whilst I have been saying for some time that this was a very cheap share, I was also stating that it was not worth buying yet because I felt it had further to drop. My previous comments were issued when the shares were at higher price levels and I did feel then, given the sheer weight of negative sentiment on the shares, that they were likely to fall to around the 41p - 43p levels. I have marginally changed my view in this respect. It's clear that the shares are indeed banging along the bottom of their current [very low] trading range, but they do not appear now to be falling further.
Obviously, I do not know if anything negative will be issued via RNS, but in the absence of that, these shares are priced laughably low. In fact I wonder if SMS could take them private at this pricing level. He must certainly be very unimpressed at the current share price.
One can be too mean and wait too long for the shares to reach their [expected] bottom, but in my experience, as long as you get in close to that bottom, you will achieve an excellent return as the shares eventually re-rate.
2023 has been a disastrous year for SFOR shareholders, but I cannot see why 2024 should be the same. If advertising spending starts to improve and there are big elections taking place next year which should help boost things, then these shares must re-rate. I have got in now at the current 47p-ish level - a price I never thought possible to buy in at a year ago.
As ever, DYOR, and be prepared to be patient - I really think it will be worth it here in due course.
I know I said 41p - 43p was probably the bottom, but in fact it now looks to be around 46p - 47p. I am buying in now accordingly. Let's face it, at the current levels, it is an obvious bargain stock and there's no point waiting until we get into 2024 and the advertising recovery starts as this share price will by then have arisen in advance of it.
DYOR as always........
How hopeless is this stock? Another day where the shares ended down after a bright start. Very disappointing despite all the various good news stories out there which you would have expected to have easily boosted the shares to a much higher level. How can this share still be trading below 100p?
Just ridiculous, but I have to say: I am getting used to it.
NigeCo, I know you are a big supporter of SFOR so, believe me, you have my sympathies. However, I can seriously see these dropping to around the 41p - 43p level before sanity kicks in. I guess there's a lot of folk out there clearly holding back on buying back in at the moment. On the other hand, as a long term position, it's pretty clearly near all time lows at the moment so any time around now is probably a good time to pile in / average down.
My own analysis suggests we have a little further to wait whilst the price does trade even lower, so I will be waiting a bit longer before getting in again. It's just remarkable how cyclical the trading of this and many shares is over longer periods and how these shares go up to a certain level before revisiting a former low, then back up again.
Timing is everything, DYOR.
It is looking increasingly likely to me that this will soon be decisively broken. Attempts to rally up to 55p+ have proved to be futile. In the meantime, there are just walls of sellers each day.
This is not a bad company, but the way the market is now valuing it infers it has problems. I don't agree with that assessment, it looks like a bargain to me, but it does look like it will soon be sub 50p.
Accordingly, cheap as it now is, I will be waiting for it to drop further.
The company is not currently providing a positive news flow, and whilst this persists, the share price will be negative as well. It does seem to have no supporters at the moment.
Equally there is the unresolved succession issue.
Something needs to give here, currently it looks like that will be the share price.
You really have got to wonder what planet the NUMIS analysts are on. 50p sell recommendation? Are they having a laugh? Do they not read the news updates and talk to connected industry insiders?
We don't even have a postal strike this year!
Clearly another wave of redundancies is required in the fund management / investment banking business.
I would say they are completely out on a limb on this - if anything, the shares should be motoring further upwards soon, and I expect the 80p resistance level to be broken early in December.
Here we go again but why do they report these buys at the end of the day? They would have a bigger impact if made at 7am?
Will today's RNS have as much impact on Monday morning? It's a long time to wait........
Still, it is good to see someone other than Richard Griffiths buying in.
Which Directors will be buying next week?
Can only assume there must be some internal news to make them all buy in this week.
Let's hope we go above 70p soon.
Regrettably, I thoroughly expect CRTA to only be trading for a limited time longer before it gets taken over - probably next year some time. It's in such a fast moving innovative area of things that it is really going to capture a predator's eye.
It reminds me of Psion or Blue Prism.
Once the now respected management team start pulling off various bigger contract wins, the company's days are limited. It's a double edged sword then in this respect, we all want to hear about these wins, and they will push up the share price; but predators will look on, do their calculations, and realise this is too good to be true.
In answer to an earlier poster on here, the takeout bid price then is going to have to be multiples of the current price level for either me or, I suspect, the list of main shareholders.
I am really beginning to suspect that Richard Griffiths is building up his stake prior to making a formal bid. He's now at 13.9% - a decent big stake. I think he's definitely going to continue building that stake further in the next few days and weeks ahead.
Something very positive would be indicating to be going on at CRTA given all these recent purchases, and I suspect both Mr Griffiths and Mr Kelly are much better advised than us about how things are going and developing at CRTA.
The only mystery really is why the price is not much higher at the moment, but I suppose this will now happen as it dawns on everyone else that this is an outstanding bargain.
As ever, patience is required........
Fascinating how the 1.321m trade is reported on here as being a sale.
This sums up the inflexible way the trades are reported on these websites.
My broker confirms this was a purchase so presumably we will get yet another RNS shortly......who will it be this time?