Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Price is about 90% of where it should be I'm guessing. The US business side is key to re-rating over time as nothing in Europe carries any value by the markets whose purpose is simply to extract money from investors. Like a sort of secondary tax.
Can't be far off. Interesting to compare the chart of AAL (P/E of 5) with EZJ (P/E of 10). They look similar. To me this reflects the Covid damage, so a assuming no new geoP issues both should be ok.
I would guess some profit taking north of 450 but otherwise a gradual ascent. I'm just gonna leave it for a year or so.
JKR and others who've lost are just trying to justify/kid themselves.
I thought this was a good investment esp with all the talk of whoppers but the over reaching do or die type of strategy being adopted has backfired.
Risk of comp-lete value loss expressed here:
https://uk.finance.yahoo.com/news/could-once-high-flying-uk-154700273.html
Sp has been on an overall downtrend since 1st jan 2020 when it was 750. The dividend doesn't compensate.
Tempted to top up to reduce my average but being the ultimate cynic I think the past 5-6 week general UK stock market recovery is a false dawn. I try to follow the trend, looking at the buys/sells but it always tends to turn when I make a move.
A few weeks ago simply wall st said: Centamin plc (LON:CEY) Shares Could Be 48% Below Their Intrinsic Value Estimate
Just 12 days later: Investors who have held Centamin (LON:CEY) over the last three years have watched its earnings decline along with their investment.
Seems 90 is about the resistance level. I will need to sell for it to rise above this level. Works every time.....