Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Please can this back and forth rubbish stop. Non of us other posters are really interested in this boring battle.
I am invested to the tune of about 15% of my portfolio in BOO. More than i normally like in an AIM share, but have increased on the basis that debt levels are low/manageable and those in the know (MA, Kamani family etc) have increased holding. I am a PI and not a businessman so cannot give any meaningful insights as to where this industry is going but feel reasonable secure based on the fact those in the know are increasing.
Despite an average of less than 40 now, i am underwater by about 25% which is uncomfortable.
I am an ordinary PI investing my hard earned money and my appeal those who are mocking holders is, please give it a rest and have some dignity. Cheers.
I agree MA isn't likely to buy BOO, bit he does have a big percentage of shares. He is not daft and invested for a reason. My average is at 39 after my buys this week pre results. In hindsight I should have bought after, but these are the decisions we live by.
Am I panicking? Not a chance. I will keep adding at these levels as and when I can within my investment strategy. I'm happy to hold for another two years and am pretty confident I'll do just fine from this share.
If its good enough for MA, it is for me.
In the context, it's an OK set of results. Hopefully we've got to the point t where efficiency improvements and capital invested should start to pay dividends. 2024 is when we will see better growth. Atb
Bash, very real possibility that this scenario will play out as it is the reflection from Asos. I too am expecting a revenue dip but greater profitable margin. However I'm not too sure about any dip as if return rate is better and US sales and margin improve, this can swiftly turn upwards and getting a meaningful share purchase will be difficult until big boys have their share to close out shorts.
All the chatter about shorts is a load of hot air. Shorts are half of where they were a year ago. Trouble is the sentiment has been beaten down by repeated news items with a slant to negativity, macro factors and some missteps by the management team. Will turn however is my view. Let's hope tomorrow is the start. Atb
I'm so glad of all the good samaritan folk looking out for us PIs telling us to sell now before doomsday results.
Such hearts of gold that they take the time out of their busy lives to repeatedly post the warning messages. Such folk should get medals.
Have a good evening folk. I've increased my holding by approx 20% this week despite our good samaritans. I'm clearly a fool but let's all chill and see what tomorrow brings. Atb
Hi Nomad, agree oil prices will be a significant influence on inflation but on the other hand commodity prices are dropping otherwise due to the Chinese slowdown providing a counter balance.
Oil is being propped up artificially by opec and who knows what will happen here. Atb
I've avoided posting much due to the board being somewhat swapped with unhelpful back and forth.
Anyway pending results, I've increased my holding by 10% this morning buying at 31.50. Imo, this current SP is grossly undervaluing a company with very limited debt compared to peers. Forward outlook for inflation is good and the massive US investment should start to payback.
Shein is a threat no doubt, but the world is waking up to the problems with buying from Shein. I suspect the tide here is about to turn.
Next 2 years will be interesting.
Let's hope I'm right! Atb folk.