focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
You know it's been a rough day in the markets when one of your shares showing no movement is a good thing! Hang tight everyone, it can't go on much longer.
For a 'boring' transportation stock this is quite a rollercoaster. Well done to those who bought on this mornings dip - already up 10% from there.
A welcome riser in an ocean of red! No RNS though, anyone aware of a reason for the jump up?
TIA
More a quick overview of some of my findings for others to add to. Have to admit to having sleepwalked into owning some of these by not paying sufficient attention to my BHP shares but having looked into it I like what I've got.
Oil production costs of $4.8 (2020) and $5.3 (2021)
Dividend maintained throughout covid and not many oilers can say that. Mentioning no names... albeit it is variable.
Cash margin of 78% (2020) and a free cash flow of 1.8bn (2020) and 851m (2021)
Oil price in 2021 was $83-52 and dividend was $1.35. So far oil price in 2022 has been north of $78 (Jan) and averaged around $100 approx. Impact on free cash flow with a steady production cost is clear.
I will hold on the expectation of divis and specials with an eye on their LNG developments which appears to be a fuel for the transition, whenever that occurs.
Happy to discuss others findings, analysis and general thoughts around this interesting new addition.
Thanks Ginandmilk, I’m never quite sure how these articles are generated and whether a human has actually been involved at all! Either way, the article does not mention the vast amount of stock TRX has in storage and the inherent value of this. I see nothing to worry about anyway.
https://www.proactiveinvestors.co.uk/companies/news/983691/gold-prices-not-quite-the-perfect-storm-but-two-shares-offer-equity-exposure-says-city-broker-983691.html
Although the market says ‘no’ this long term holder says ‘patience and hold’.
And in the four years he was at P&G the sp went up 63%. We can hope!
Thanks Skipsharer, after some more googling it seems that the Suzhou area has been in lockdown but appears to be out now. It’s hard to get a clear picture but hopefully if production has been stalled it will be back up now. Would be good to get an RNS from the company but I’m prepared to assume that no news is good news.
Ditto to that Chilting. The sp appears to have settled for now. We will have to patiently await the next update. There is no reason to worry in my view, the company is financially sound, well run and the post pandemic backlog of surgery should keep them busy for years.
This time least year we had a trading update. Hopefully get something soon. I imagine it’s the threat of a windfall tax illogically pulling this down. And the general sell off of unprofitable tech in general. Still holding here no averaging down!
There's not a lot going to be happening so far as news is concerned for a while, I imagine the next big thing will be the Sept results. Unless there's something unexpected e.g. new product etc.
Until then, those with a shorter investment plan will go elsewhere. Those who stay will hold fast and wait for the break even that we hope is coming. Until then we can worry over our junior minors! I'm not in EUA Ginandmilk, Shanta Gold is my 'one to hate' at the moment!
Personally I am quite happy with the sp going up so that directors get their shares as we all benefit from a rising price. Plus if it did become a takeover target then they will have to pay even more. It’s a win-win.
Either way, if the company are buying back 0.1% of the available shares every week then they are putting continual upward pressure on the sp. Given the relatively low trading volume then the company is probably the biggest buyer of the day. And as you guys say, there is the improvement in EPS and the cash is just losing value in the bank.
Read it through twice and can’t see anything negative buried in the detail. All seems good.
Lots of buying pressure from the company then! It can only be a time to try and buy more ourselves!?
The good news flow continues and long may it do so. As covid gets further into the rear view mirror for Europe and the US, and elective surgery rates recover, this will continue to power forward (and upwards!)
Steady away trading update. I had to go to their website to find it mind as the RNSs aren’t working for me today. No surprises in there I could see. Sales weighted to second half of year as expected so market may interpret that badly in the short term. Given how irrational the market is at the moment anything could happen!