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Nick, in relation to your question on my £4000 @ 83.9 ...mmm still sitting on that loss..... just added 2 other trades at 80 and 78, so back to my play pot all committed. Overall carrying price after costs and this morning's realised gain just under 79. So hopefully, an uptick this pm after the overswing to downside or I will have to eat the loss.
I don't know what I think about what the mkt thinks. I thought it was over valued when it was £4+, I think it is undervalued where it is now. It is a difficult business area but my feeling is that while print is in decline, the business overall will be more resilient than others seem to expect. Management can always be better but that would apply in many companies.
While I bought my core holding was purchased well below the highs, my net carrying position is still languishing below break even at this price even after trading profits and divi.
I am not really a trader, I just get spurred into trading when I get PO'd with irrational gyrations.
Same with my MARS holding although it is vloser to net break even. Thank goodness for big oil or I'd be on bread and water.
LoL..I think I am rather more oblate than the gym bunnies on there.
Back in at 83.9
Could be an interesting trading day.
Ludicrous reaction to results that were signalled in January.
Bought 10k at 84.7
Just sold...trousered £260 while having my toast.
Off to gym.
Possibly both
Profit will be up. Actual bad debt will be less than previously forecast. Capital ratios will have improved further.
Small divi increase, more share buy backs (WHY) and predictions of armageddon in forward forecast, so they can out perform them next quarter.
I may be cynical.....
All said, fundamentals say share price will be higher in 6 monhhs supported by buy backs and real earnings - tgt 63p in 2023.
I think this stock only has one way to go. This drop this week looks orchestrated... where are the regulators. Topped up today a bit more at 50.5
I am incredulous at all these companies making buy backs. My former boss always said,the day he could not think of anything better to do with free cash than buy our own shares was the day he should resign!!
Sold my 80s today - a snip under 10% on the week.
Back to just my core holding again, but with a little profit to reduce my overall carrying loss.
Maybe I should just sell and move on - it is very stressful hiding under the table every time management make a statement.
I struggle to recall any time IMF have got a forecast right, so......
Good RNS yesterday but will be happier when we have actual numbers.Assuming numbers are in line, share price recovery should accelerate.
As an aside, is anyone surprised that the derivative wizards have got burnt again? We need to take a serious look at financial regulation in this country - pensions are meant to be boring.
Probably not clear......
I am at about 150% of what I have long term considered my core holding in MARS.
Now that I am retired, I have to be more conservative, so I have a pretty hard rule of no more than 2% in any single stock. Works pretty well although because of their run up SHEL and BP are well outside that at the moment - reluctant to correct that though as the Divi is so good.
Not sure I have a clue what Govt are up to..... mind you not sure they do either.
Markets all a bit nervous but I think the "woe, woe, thrice woe" from the media is a bit overdone.
Similarly, this drop back feels overdone too, so I have added another 10K to average down a bit more. Over exposed now at 50%+ over long term holding, but I do feel this an opportunity. Holding price bobbing around about 5% below break even now. :(
It takes 2 to 3 weeks to brew and condition a beer like pedigree. How can their demand signal to pump management be so bad that pubs have no beer for weeks.
For once, in a long time, I feel a bit better now with MARS. Having gone horribly over exposed at the end last month in a fit of pique, I have taken the some of the short term gains on my 36p and 37p buys and reverted to my long term core holding plus about 40%. More importantly my carrying price is now back in the black today...hurrah.
I only see upside from here in the medium term - bumps along the way I am sure. As always DYOR.
Had lunch in pub garden yesterday. Not mad busy but not many empty tables in or out. I understand the pitch to government for free money...who wouldn't. Of course there is no such thing as free money but why not ask.I don't reckon it is going to be as dire as the media want it to be. I think there is energy price regulation coming that will constrain things. We will get through the winter and MARS will look cheap at 35p. I have topped up this week....May get burnt, but if I do at least those nearby will be warm....
I suppose we are all traders if we buy or sell a stock, but I never think of myself as a trader per se as I "trade" infrequently.
I have bought and sold MARS quite up bit through the ups and downs over the years and generally kept above water. More recently I have been convinced that the business is undervalued and have bought all the way down.
I have not done the numbers but I would thought that my averaged down entry price is now in the low 50s after the latest blocks I bought in low 40s.
If I was being rational I would say as I was over exposed now but I console myself that I have put less into MARS this year than my BP and SHEL are up.
Time will tell. Can always tell Mrs M to stop shopping at Waitrose.
Not a trader. I do live off my investments though.
I appreciate the sentiment on tobacco but then my BAT are 20%+ yoy and IMB about 13% plus I have had 7% Divi from them so they may be old hat but they put bread on the table and vino in the glass.
Other sin stocks - oil and booze doing pretty well too. Defence stocks zipping along.
Not sure about hydrogen hopium and windmill stocks, I still think that particular bubble as some deflating to do based on fundamentals.
So no, not puffing stocks and no double secret mates with amazing insight - I just think the whole pub sector is undervalued and will ride out the current bumps better than people think.
As always DYOR.
Always struck by the abundance of horse guano surrounding MARS . These chat forums are a great source of info from the people with the inside track from "secret" reports and their mate down the pub.
I think things will work out fine from here. I have no particular insight beyond the basic - if there is going to be a recession buy beer, fags and carbohydrates. 45p is low for this stock on a 2-3 year view, even against the sector, which is oversold.
I have added a few times as we have lurked in the low 40s. If we do hit 41p , it will be disappointing, but I fully expect to be well ahead come this time next year.
Not that strange. A technique to hold price in a given range while nominees are building below declaration threshold stakes.
All has to unwind at sometime and it is definitely not market manipulation.
Looking at the last month trades, I have formed the view that someone is stake building. There has been a pretty solid floor under the daily share price pertubations. Any significant blocks that come up seem to be consistently covered.
Anyone get the feeling something is afoot? Watching the trades, their is consistent underpinning buying. Should be pressure the other way given the dreaded virus and the political situation, but moving gently positively outperforming market for a few days now.