Member Info for rylidan

For me this looks like a solid update, given the situation we find ourselves in. Without the covid issue we should be trading £6+ after that report. Down 30% on the high of £9 due to valuation decreases. So it's a matter of how much further risk is attached to the share price. The current price seems like an extreme amount of risk, especially given our strategy. My view, and it is just that, is that this will move into the £4.50 to £5 trading range in the next month, and that is where we will stay for a while. There is still a lot of support out there for this company, and we look cheap right now.

I guess some people don't understand the difference between margin and mark up. Over 40% margin is amazing.

My favourite cup and handle playing out. If you don't get in now you may lose out! Or you may not LOL

Oil has suffered enormously recently, weakening the ruble significantly, which has been great for HGM. However, it looks like oil is recovering strongly and so is the ruble.
That's just one factor for HGM profit, but it is a significant one. I'm holding because the yield is almost 5% and not likely to drop this year IMO, but nothing is guaranteed in this new world.

Doubled my rather modest stake, that I bought in 2014! Paid almost the same price as then. In 6 years I've received far more in dividends than any cash ISA, and at one point before COVID has a capital gain of 40%. This is one that will bounce back quickly in the next year IMO.

Looks like you're lonely on here! Nice portfolio share. Has taken a rather overdone COVID hit to the price IMO

Always happy with a tree shake

You may think I'm new to this share. I'm not. Been watching for ages. Bought in twice before and sold for a decent profit each time.
However this time there looks like real potential for a huge jump. It feels like a more solid foundation than before.
That said, this share represents less than 1% of my portfolio, as it's a true "risk and reward" share. For me the potential rewards outweigh the risk. Would be more than happy to average down a couple of times with the same as my original stake if this falls. However, I have a strong feeling I won't get the chance.

Was hoping to top up a bit lower. However, was mystified by the fall after the results. Forward guidance is excellent, and potential in their sector is huge. The RNS today is significant.

So a $20b valuation for the unit is twice our current MCAP. Shows the true value we have here.

Beating guidance that had been given pre Covid. Yield around 8%. Bargain at this price IMO.

Take a look how this jumped last FY

Q4 looks better than the previous 3 quarters. EBITDA only down 1% on last year. I guess everyone posting here are traders, given the 7% profit comment! Dividend cut annoying, but if they now start to grow slowly, (which they should, as the dividend was far too high), it will be good news.

I hope you are right. I'm not sure the BoD have used their funds wisely, but we will find out soon. The saving grace may be Mr. Banks.

Considering the share price has dropped over 50%, it does look oversold.

I'm the same. This looks more than a little blip. I was worried about this scenario. All of their production need working oil wells. Also we had a poor update on the CBD oil business recently. Finance due soon. I'm worried and would like an update from Tom.

Im guessing £10 should be a good support level. So it's a matter of whether I should sell and re-buy, or hold because I don't want to have to pay the tax to buy again if we go up. My loss is over 50% on what I own, so if I sold now I could maybe double my holding at £10 to reduce my average. It's a tough call.

If you ignore the impairment charge, it's an excellent set of results, which shows the business is solid. Let the market decide.

From InvestingCube yesterday

FTSE 100 Triggers Ascending Triangle Pattern

The FTSE 100 has been trading sideways since March 26, and the price struggled to trade above the April 9 high of 5920. However, in the last few hours, the FTSE 100 managed to pierce the high and then added to its gains. Ultimately, the index might be able to trade higher as the consolidation from March 26 was in the shape of an ascending triangle pattern with a target of 6460. The pattern is formed when the price is struggling to overcome horizontal resistance such as the April 9 high, and at the same time creating higher and higher lows, as shown with the upward sloping trend line in the image below, that connects the April 3 and April 22 lows.

I have no target. If I think they are overpriced I will sell some. We are a long way from me thinking that. Betting against a share that looks very likely to correct in the next 12 months seems mad to me. Obviously there will be ups and downs, but the overall trend should be up.
I also find it incredible that so many IG customers are betting against a FTSE 100 rise. Again the trend will be up as the virus situation improves.