Member Info for RogueRiver

Something or someone needs to put a rocket up the @rse of the sp. Frankly, I don’t care who or what does it. Elliot will do for me, thank you.

I think the Footsie will be flat or slightly up tomorrow, given that the more melodramatic talk about the new variant seems to have subsided. I could see IAG dipping back into the 120s though. There is going to be greater hesitancy over air travel, owing to the extra hassle (or potential hassle) involved.

Standby for the updated broker ratings, which should provide further support.

Of course there will be some fluctuations from here, given that we have just seen one of the most spectacular handbrake turns in recent FTSE 250 history. Don’t forget, however, that political volatility has been priced in for months.

Just to add that I bought-in at 190p in Apr 18. The price I paid was around the 200-day moving average at the time (and for the 2 years prior to that). I’m not a trader, just an average investor. I’ll wait the ‘obligatory’ 5 years and see where we are then, but given we have just seen a sustained HB boom, I’m not holding my breath for any marked improvement. ‘Dog share’ isn’t normally a phrase I would use, but it does sum up TW quite succinctly.

Sp really, really, really doesn’t want to stay above 50. I think it will take a (confirmed) BoE base rate rise before Christmas to shove it up into the 50-60 range.

I continue to hold, more out of curiosity than in expectation of anything positive. After buying in over three years ago and reinvesting ALL the divis, I’m at break-even on my original investment. I could have got more by putting my money in the post office than I have from investing in TW.

New broker rating from Barc: Overweight. Target 165. I think 120 is about right, until the political dust has settled. Once we have seen a few positive results/trading updates, I think it will move upwards. It is going to take time to restore confidence, but people have short memories and results tend to speak louder than political background noise.

I wonder if we will see positive coverage in one of the UK share news ‘biggies’ (Telegraph, DM, Motley Fool) in the run-up to the Atome launch. DM MIDAS may feel somewhat vindicated on its previous tip, if the sp continues upwards.

Publicity for Atome seems to be gathering pace:

https://www.spglobal.com/platts/en/market-insights/latest-news/agriculture/112321-interview-atome-targets-350-mw-of-green-h2-in-iceland-paraguay

https://www.yorkshirepost.co.uk/business/atome-energy-set-to-list-on-the-aim-market-in-december-3467254

The ‘misunderstanding’ will probably blow over. The mines minister has already backpedaled on some of the more melodramatic rumours. Of course, the risk of greater political intervention in this business will remain, but then, that is why the sp has been Depressed for the past few months. A few positive results/trading updates out to restore some order.

If you cannot sleep, at the prospect of what politicians might do (or say they might do) you are probably better off keeping your money under the mattress.

Some people seem to be forgetting that political instability in Peru was, to a great extent, already priced-in. Given the circumstances, one expects a certain amount of bloviating from government ministers (and from some commenting here).

Still not the biggest lemon in my portfolio, but getting there. Commiserations to other holders. It might as well have been a meteorite strike or and earthquake, for all the warning we had.

I bought in here a few months ago at 0.18, but got cold feet and sold the next day. I’m glad I did. What’s the consensus on any upside from here?

Nah, just a mini wobble today over the Austrian (and possibly other) lockdowns, but these are likely to be limited in scope and economic effect. I think the President sp has more mileage in it yet. Not selling (yet).

Well, no one can complain about the volume today. I suspect PPC is going to be the only good news on an otherwise crappy day for the market. Funny old world.

Thank you for the update, victor.
Did Nikita open the AGM by banging his shoe on the table?

Hopefully this news will put some upward momentum back into the sp, which is currently trading around the same price I paid for it three years ago.

Yet another frustrating, schizo share, something which seems to be becoming the norm on the, once reasonably stable, Footsie. I got in at 112. Anyone who bought higher has my sympathy.