Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
'option expiry at 22.52p as today is witching day?'
2*5m volume transaction midday yesterday. Think the other 5m was a swap associated with the option expiry.
hopefully Boris starts with civil servants working from home supporting the CMA. These guys can string a decision out through the courts for years and years and years and years. Jobs for the boys.
https://assets.publishing.service.gov.uk/media/627ce759e90e0721b01ea4ef/Decision_to_refer__NEC-Capita__.pdf
option expiry at 22.52p as today is witching day?
Thks Milkz, I am trying to learn to use TA and resort to drop down buttons on various sites.
I am tempted to day trade ...
I had a go at pitchfork analysis from pre transformation (6 years ago) to date (post transformation with confirmation of debt, pipeline and revenue growth still to be reported). This pointed to a SP over £2 in the next 12 months. If my average is 30p, then 600%+ gain by simply holding. On that basis I would only risk a small amount day trading because of fear of missing out a larger gain.
'The Slaughtering of the Lambs'
Thks NF for the link.
A journalist I know visited a farmer with a 3 legged pig. He asked the farmer why the pig had 3 legs. The farmer said the pig had rushed into the farmhouse while it was on fire and rescued him and he was eternally grateful to the pig. The journalist asked 'but why has it only got 3 legs'? The farmer said, 'well you cant eat a good pig like that all in one go, can you'?
says cpi is trading at 59.2% below fair value suggest they think c55.5p SP
'The share price went on a run from then until around Nov 15 peaking around £7.72'
yes please
'slarti_bartfast was invested in poly, and suddenly bought in within a week ago here when the share went up to now call it long term hold'
that doesnt make sense Aim?
'hence this is for me a hold for more than 12 months to couple of years'
My CPI stocks are locked away until 2023 maybe 2025/ longer. I am tempted to buy more to trade with the day traders and get my average down if quiet between now and August but for me that usually ends in tears. Volumes are up materially compared to last year same period when the SP was 42p. Must be funds exiting/ entering risk positions after the ftse250 exit and/or PI's/traders driving incremental volumes on the recovery play and/or macro volatility.
'Shareholders who wish to attend the Annual General Meeting electronically can do so by accessing the Annual General Meeting website: https://web.lumiagm.com/181-342-038. Full details of how to participate electronically in the Annual General Meeting are set out in Appendix 2. Shareholders who wish to physically attend the Annual General Meeting should refer to the instructions set out in Appendix 3'
resolution 15 'authority to allot shares or grant rights to subscribe for or convert any securities into shares up to an aggregate nominal value equal to £11,602,773. This represents approximately 33% of the total ordinary share capital in
issue (excluding treasury shares) as at 18 March 2022...The Directors have no present intention of exercising this authority. However, by granting this authority, the Directors will have the flexibility to take advantage of any appropriate opportunities that may arise.'
https://www.capita.com/sites/g/files/nginej291/files/2022-04/Capita-Investors-Notice_of_Meeting.pdf
CPI should weather any interest rate increase. 2021 net interest paid was £40.1m. If interest rates double over the next 12 months while CPI continues to reduce debt to zero, I cant see earnings being impacted, which is what the market is concerned about ie increased risk for bond holders whose capital value is dropping as interest rise and earnings (market generally) might not cover interest payments. No danger of that in the next 12moths here imo Most of the correction will be in the top 250 ftse companies as liquidity moves out from indexes etc. CPI has already corrected and then some and because of inflation etc, looks a good recovery bet rather than sitting in cash at 10% inflation at the end of this year.
Aim, yes. Some funds moving cpi out of aggressive into moderate....looking at this file again, state street sold/swapped/transferred exactly 13,479,156 to the Australian retirement trust. If you add up the net movement on the latest movement column, just over incremental 21m. I guess most of that PI's/ traders, hargreaves and interactive?
Thks NF, not sure if I read this right so happy to be educated..
main movement this week is US ie from state street (Qsuper) -13m to blackrock +8m (UK equity fund and small co fund) and various other small co funds which I assume explains some of the large multilateral day trades recorded on London SE.
'buy low, sell high, buy low, sell high,'
all relative really. sold at £3 and in and out all the way down to 20p. in the end, do you believe the company will exist in 5 years time, if not, walk away with your profit imo
'Have you got access to the news where you live?'
LoL. News is a kind of psychosis vs long term. Indexes and liquidity will give it up to individual stocks shortly imo
even if you take profit you lose it somewhere else or 10% to inflation over the next year if cash.
Never been any good at timing trades over the long term on a single stock unless you walk away with profit..thats liquidity, the market/ capital markets.
This will be climbing again next week imo
Added a few more today, and my daughter learnt how to set a buy order and bought so now watching out for me LoL
NOFEAR, thanks. That works. Been enjoying premium LEX on FT.....'Read almost all the top financial online articles with this browser add on'. https://addons.mozilla.org/en-GB/firefox/addon/bypass-paywalls-clean/
@No1 'I’d buy a small number of shares and hold on to them for the long term'
whats a small number when today we saw 38m multilateral trade published
I'm worried I'm holding too many and not enough
'just in time' is a good commercial finance principle.'
Its also the start of another budget cycle (public sector) so I would expect recruitment to have a green light and Weller did say he expected a spike in cashflow over these couple of months.
Yes, why not. A cheeky bid to catch all that cash is possible after all that restructuring etc and is another good reason to hold imo