Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Incredible. Within a year we would have been back on 65p to 70p equivalent with CREI. We may achieve that, but you can be sure the funds that scuppered this will look to pick up cheap shares here. Probably the reason they did this.
Also blame some of the platforms who don't allow easy voting. One of mine did, one didn't. Luckily only a small holding that I didn't vote on and wasn't worth the hassle chasing.
Apologies if I've read you wrong. Anyway, looks like the funds are stopping playing across the two shares as we move to the API shareholder vote tomorrow. I believe its a win win for shareholders in both companies, and as interest rates fall we should see a re-rate back to NAV.
REIT discounts to NAV are very much linked to GILT rates. Will take quite a while for rates to fall back to their previous lows, where REITs commanded a premium to NAV.
Have accumulated a good holding in a number of REITs at these relatively high interest rates, as I believe they offer a great long term income.
Obviously just my view, as no one knows for sure that interest rates will definitely fall soon.
My opinion is that there are algos running here that are taking this down. Loads of A trades day after day. I also suspect the culprit. Still hold here and buy when I think they overplay the position. Definitely getting into top up territory for me. May see what the next report brings first as this will probably be taken down again regardless.
The company needs to focus on profit first, and improving EPS. Think AB was a great visionary, however, not sure about current chair and CEO. Still to prove themselves IMO.
I still believe this company could emerge stronger from the SDL integration.
Looks like blackrock have been shorting this and going long with a derivative on API to cover. They pocket the difference when the sale goes through. Guess they don't really care about the price short term as essentially long on both API and CREI.
From your posts FRAX, I assume you a shorter instead of an investor. I can't remember ever posting or worrying about investments after I sell them. Or you're wanting to buy in here at the lowest possible price. Same difference.
Also looking forward to the update tomorrow. Last year, we received 8c in dividends. Reckon with futures oil prices as they are for this FY, I reckon a total return of 9c to 10c is possible / likely. The trading range has been 42p to 50p, so that should also bump up, 48p to 60p as a conservative estimate perhaps?
Looking good.
GLA
I wouldn't exactly call it junk, but the costs of winding down and selling are an unknown process with potentially high costs in percentage terms. SHED don't think there's any profit in it, and their costs would be lower with a fully working team.
I also have no interest in owning SHED with lower returns and paid twice a year.
Agreed Jaxon. I now hold around 60% CREI to 40% API as there is still risk that the deal won't complete. Its been quite a profitable time trading between the two. There have been some mad movements. The end game is close though. We should find API getting closer to the .78 of a CREI share. How close depends on how much risk in the deal people see IMHO.