Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
When it goes it doesn't hang about big gains to be made indeed.
Looks like sector recovery is on full steam. Should see Morrissons benefit more than most, above 200p before long.
Low oil prices will continue to contribute to increased savings in the supply chain. Plus increasing number of customers attracted by Morrisons' reputation for outstanding quality at reasonable prices. It won't be long before the SP is above 200p again. Buy
For the last few months the Morrisons stores have been heaving. It was only a matter of time before others realised that Morrisons is a great investment!
Morrisons will be in a very strong position going into next year. They have managed to attract more customers with their excellent quality fresh produce and prices, and improved checkout services to boot. The next phase could be expansion into strategic areas.
K3VMC you forget that blt responded rapidly to the unfortunate situation by setting up fresh water stations for locals and a clean up team on the ground. They have a contingency fund to offer more help to the locals going forward. All actions highly commendable by a responsible company. Something the fed government will no doubt take into account. Big Buy.
Doing well now off previous lows, excellent prospects and a decent dividend, roll on. Brazilian fed government are not going to destroy what has been a beneficial relationship with blt. It will be business as normal before you know it.
It's not that uncommon for execs to have stakes in other companies. Sometimes it helps back boardroom deals (gentleman's agreements etc.) go through a bit smoother. Its been a busy few months for Morrisons, it will be interesting to see how that translates on paper!
Morrisons may have been hammered by short selling but that's given me the opportunity to get in at historic lows. When post Christmas results approach many shorts will get covered and the SP will shoot up again.
The strategic direction that Potts has embarked upon seems to be producing tepid results. Time is running out for Potts to prove his plan will have value. Maybe Potts should go now and admit defeat. There are some big stores flourishing, mainly in town centres. For instance there are many brown field sites near large residential areas where morrisons could grow instead of leaving them for Aldi to grab.
Really this dam disaster couldn't have happened at a better time, combining with a depressed commodities market to create an excellent sp entry level for a long term investment. The federal response to the disaster may be overplayed judging by history.
Potts has created some uncertainty in Morrisons long term potential for success in its business strategy therefore it makes it an easy target. However, Morrisons has sound foundations and should be able to grow market share over the next few years. Customers seem to be returning in their droves.
It's always hard to imagine a share recovering from lows like this, it could go a lot lower, maybe, especially when majority sentiment is gloom. But I like that because it helps me get in at historic lows, thanks for the opportunity.
So far US$316m (£209m) has been agreed in cleanup costs and fines. Not a huge amount compared to BP and should be covered by contingency funds. Also, dispersal of the effluent is expected to be relatively quick. Its effects may be short lived and aquatic life should return to normal within a few years. In South America the mining industry in general has a chequered history with many reports of water contamination receiving little punishment. Apparently the federal environment agency have a poor track record in pursuing fines with only an 8.7% hit rate in the last 3 years. The yield is only tasty at the current sp. If the sp recovers with commodities, the yield will return to normal levels but I will still have a juicy return.
In profit now, plus it would be great if div is not cut wold like to hold here lon term. A recovery in commodities will spare the div.
In amongst the poor performing m locals were some gems. Theses gems helped the sale go through. Potts wanted the money and to concentrate on fixing the bigger stores without building up debt. The locals would have been a major contributor to the bottom line if they were developed in prime locations.
Its been a long time since I've seen morrisons stores so busy this looks like an excellent price to buy in big time. It's only going to get busier with holiday/party season looming.
It's possible that a dividend reduction will provide a stable footing. The yield is very tasty at the momement.
With the reducing cost of fuel, bigger stores in easy to reach places may see a revival and the return of the big weekly shop. Some Morrisons convenience stores do very well. This model is good but only if more were in the right locations. Trouble is being late to the party meant mostly the scraps were left. Where ever new housing estates are planned Morrisons could have been there, working with developers to provide the amenities required by these new communities etc...... Could Aldi or Lidl be tempted into the little store market or are they content with the bigger stores for now? Only time will tell!