Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hey everyone
I've never posted on this board, but I'm heavily invested in E Energy and is one of the few penny stocks that I am invested in. I was hoping to get other opinions please, on the possibility of the company paying a dividend/beint a good dividend payer in the future?
I personally thought because of their fixed contract length of around 5 - 7 years I believe? They could have some reliable, regular income with the possibility, once tehy've grown to pay them.
Any thoughts/opinions are appreciated and thanks in advance.
Ross
Hi all
Does anyone have any idea if there was to be a Windfall dividend, when it might be announced by SLP? As I would have thought it would have been announced with these results and PGM's seem to be pretty "favourable" which was the condition of them paying one.
Thanks for any replys.
Ross
Thanks all for the replies, it's really appreciated.
I think I'm going to hold off avergaing down then and just let it run its course. As you say BuyDownSellUp, the funadamentals of the company haven't really changed and I don't need the cash at all or within the next few years, so I will just hold my position.
Also Rajbury, thank you for the recommendations, I will definitely be taking a look at those companies.
Thanks again.
Ross
Hi all,
I'm a bit worried/concerned at the moment, as I currently have almost £11,500 in SLP, which is just over half of my portfolio value. My average price for SLP is just below £1.18 and I currently have £1,360 in cash and I'm not sure whether I should invest it into SLP at these prices and average my current loss which is sitting at £2,500? I'm just bricking it the moment, as I've gone way too overweight in my position size because of the recent pullbacks, the last few months. I'd appreciate any advice/comments/views on this please, on what others may do in this situation.
Thanks in advance.
Ross
Well I topped up with a little at £1.1090, that's me done until the results, seems something similar happened in March April with the "Chinese Crackdown".
Thanks for all the comments on here too chaps.
Velo your posts are absolute quality, thank you!
I'm going by your analysis and hoping for a below £1.20 final buy point in the next week, after already doing some sizeable buys (at least in respect of my portfolio) at £1.27 and £1.24. Then bring on July and August.
Cheers, Ross
I did too at the £105 mark hoping it would have a pullback likei t was doing every couple of months/weeks, how wrong was I to hope that, one hell of a stock. Hopefully there will be another opportunity to jump in at a lower price......One day
Yeah Egg I bought back in at £1.2740 after selling at the £1.47 peak with the money and gains that I'd made, still happy with that price, even at these lower SP's and with a potential slip in Rhodium price, this share has a lot to be looking forward too going forwards.
Hi Velo
Sorry for the ridiculously slow reply, but with work I've had very little stock market time this week, which I'm gutted about as there were drops left, right and centre (and would've had a bit more SLP at £132, if I was aware).
Thanks for your reply and for the welcome.
I didn't take your post as accusatory at all and I appreciated the comment. I just hope that those above average returns may continue, as the stock market is certainly fickle, espsecially with everything going on at the moment, with increased inflation and potentially increased interest rates. Crazy times.
Look forward to more of your posts on here.
All the best.
Ross
That's no worries and yes I have notoced that the short time that I've had experience in the stock market, large increases (leading to sometimes overvaluation), to a reasonably quick pullback (which is what I feel could happen in the coming week(s) with SLP, I'm hoping not of course ??
Thank you for your comments on my investment instinct, I've been investing since March 2020 (like a number of people) and started with £4,000 I had invested in a few different Index Funds and have made substantial gains (in terms of my portfolio), from two technology funds, Games Workshop, Sylvania Platinum and Polymetal International PLC, seems to be working ?? I make sure to do as much research as I can on each company and it's likely that my work background in Accountancy and Finance has definitely aided me along the way.
I think you're right about a stronger pullback in June, seems to happen before results are released with certain companies, (even when they're likely to be brilliant). Definitely in this for the long haul (at least a year to two years)
Thanks again for your reply ??
Hi all and thanks all for the quick responses! ??
Toptiger - Yes I do agree, that's why I do try to trade this on the highs and buy on the lows with SLP, because it is almost directly reliant on the basic naterial prices (like most mining stocks), tend to get a bit nervous with the amount of money that I have invested, as it's quite a largeish portion of my portfolio (which I know is probably unwise).
Patrm - Yes since the last spike that is what I've been doing, adding on the dips, it's just hard not to put so much money in SLP as it's such a cracking stock. Yes I think with the recession, (hopefully) low interest rates and changing evironmental standards, SLP has a little more going for it than solely the basic materials basket price, compared with a lot of miners.
Sirius - Yes I definitely agree there, I think I might just keep topping up on the dips, instead of outright selling and buying back in. Thanks for that I appreciate it ?? I've had a look and the financials look pretty good and the volatility even in May is like a rollercoaster! I think I'm going to have to have me some of that.
Thanks again and GL.
Ross
Hi guy's,
I've been watching this thread on SLP for a while and I've been invested since August last year. I've managed to sell at the last spike to £1.32 before this most recent spike and buy back in again when it went back down to £1.20, but my question is, does anyone think there will be some kind of pullback with SLP next week onwards, after this spike to £1.42, the same as the last one? Or do you think onwards and upwards from here? (Hoping for the latter).
Thanks in advance and thanks for all your comments on here, especially Stoodio, Velo, Sirius, they've been great to read and learn from.
Ross