Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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We are the only laggards down by 3% compared to double digit rise in European indices!
European banks incomes rose due to higher interest rates and their share prices also rose as a result whereas Lloyds and other UK banks share prices did not rise despite higher interest rates. With rates coming down from now, income from the interest rates will come down for the UK banks and Lloyds share price goes back to 42p? Or is that the borrowers were locked in at lower rates prior to base rate increase due to which UK banks did not make money from the rates and thus share prices were low? As the borrowers would be paying higher rates this year compared to last year so that will bring higher income for the UK banks this year and help Lloyds share price go past 50 and higher highs? Or is it that our FTSE stocks fate won't change irrespective of the economy situation?
Market cap of RR was around £8bn and now £17bn!!!
Usually this type of rise is seen in growth stocks in US but not seen for a UK listed company ever! Amazing rise! It seemed like almost all of the money today in UK stock market has gone into RR!
More than 100% rise in lust 6 months! Such rise seen only with US growth stocks! RR has done a TESLA and NVIDIA rise!
RR proved that UK equities are very much undervalued! There are many UK companies that are undervalued. Pension funds should invest in UK companies and support the economy.
IMO several catalysts still to come for RR
- EFH reaching 90% of 2019 and above
- Investment rating upgrade
- dividend announcement
- narrow body market
- SMRs
All of the above supports £3 atleast! Previously it was £3.58 but now with improved prospects and potential for more revenue, a share price of £4 is easily achievable.
Just couldn't resist to post here after seeing the price going above £2! Hearty Congrulations to all those that held on to these!
I invested in 2021 Mar at £1.18 in the hope that it would go to £2 last year but Putin spoiled the plans for everyone.
Sadly I sold at a cheap price after losing sleep last year. Glad that I didn't lose money but I now have small holding here. Another one that I lost out big after waiting for years!
There were too many traders and short sellers that plagued this share last 2yrs and with Tufan's burning platform comment, I lost hope of any recovery but magically all worked in the end. I guess there will be further upside here to £3 and higher considering the past performance. Any weakness due to wider market is surely an opportunity to top up.
I think the trick is to find the company that is strong in fundamentals and the business makes money and debt is serviceable. I'm hoping that EasyJet pays off for me as it is a solid business and turning into profit and massively cheap compared to pre-covid price of £10+ and low debt among the European Aviation.
Well done to all those that held RR shares tightly. GLA
Just posting the last para again to prove that Nutsack is wrong about EZJ winter bookings -
Those invested in easyJet shares may also find some comfort in that travel demand doesn’t seem to be slowing down either. According to CEO Johan Lundgren, the travel operator’s winter bookings are up by more than 100%. Thus, he has plans to increase the budget airline’s capacity by 15% to meet the needs of strong winter demand. Considering the fact that winter is usually an unprofitable period for easyJet, these are encouraging signals.
Stifel raises easyJet to 'buy' (hold) - price target 650 (550) pence
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UBS raises easyJet price target to 760 (710) pence - 'buy'
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RBC raises easyJet price target to 550 (540) pence - 'sector perform'
There you go the ratings. This is easily worth 550p atleast.
I think tide has turned with respect to who wants to support the war going forward. No doubt US wants to support the war as they are not feeling the pinch from the war but some countries in Europe are stepping back as the inflation is not coming down sooner. Our own Ben Wallace said we are not Amazon to keep supplying weapons to UKR. Glad he made that statement. I'm sure Sunak does not want war to continue for long as it is keeping the inflation up. Biden may force Europe to support the war but need to see how Europe responds. I do not think Trump can win the election. If he does then no doubt he will immediately put an end to the UKR conflict.
Back to EZJ, looks like consolidating at around 485. Need the broker ratings at 550 to prove that yday's was a false dip.
It really was a strange dip yday with good numbers. When last 2 quarters EZJ was reporting losses, SP went up on the day of the results to 530s and now when EZJ is turning to profits with end of year profits projected to be 200m we dip?
Some big traders dumped this yday to move to another share and the herd followed. This can only mean one thing when the herd comes back, SP will reach a new high which IMO is 600p.
Nearly 10% drop!
Expected atleast 5% rise considering the market momentum. Big boys need to bank profits and load up again cheap.
Next upcoming catalyst is Cybertruck production and until that is announced it could keep dropping. Previously Nvidia AI helped the Tesla price. I guess $250 next week and will it go lower is what has to be seen.
Great come back for the Tesla share price!
Already above $275 when I was thinking it would get there just before earnings.
Surely it will touch $300 and then profit taking starts I believe?
highest was $1200 before split, which means $400 in today's money so still lot of legs to go! ?
800M shares to Liberty for the acquisition is a lot of shares which if Liberty dumps on the market then bloodbath to SP although any share allocation would have a lock-in period. As SONY is also interested so ITV cannot haggle much if they are serious in acquiring it. ITV has cash to fund the acquisition. Let's hope the deal does not allot many millions of shares to Liberty!
Pogo, I merely just shared my opinion in the hope that someone would provide more details and comment on how the deal would help ITV and how it would fund the acquisition.
Daniel, thanks for the Times article. It looks like ITV could propose stock options to Liberty instead of cash as part of the acquisition so although the deal could be $1bn+ worth, the actual cost that ITV pays could be much less than $1bn+ provided Liberty agrees to the stock options. If Liberty want cash instead of stock options then I think funding $1bn+ is a big ask for ITV in the current climate.
I think $1bn for acquisition is too high for ITV. How are they going to fund this acquisition?
Adding debt at the current high interest rates is not a wise move IMO
It may be that additional debt is serviceable.
They have lot of content for streaming and adding content from All3M to ITV would not make much of a difference IMO or may be it does.
Market didn't seem to react negatively atleast to the news but neither doesn't see it as huge positive.
Media likes to poke him about share price but why can't he give a diplomatic answer instead of specifics on Mcap?
Good that price ended at a high. Hopefully all his talk is forgotten in the weekend and next week price goes higher as the earnings date get closer. Still 2 weeks to go I think for the earnings. Atleast $275 by then would be good.
Yes this certainly has legs now. Tomorrow if FED takes soft stand and hold the rates then can see Tesla reaching 270s and 280, which in old money is 910. Tesla went up to 1200 in old money that is $400. Bought back 5k worth at $254 and I think I will add more tomorrow if I get same price or lower.
Well done Billy, Wolf and Openeyes. To the moon!
Yes this certainly has legs now. Tomorrow if FED takes soft stand and hold the rates then can see Tesla reaching 270s and 280, which in old money is 910. Tesla went up to 1200 in old money that is $400. Bought back 5k worth at $254 and I think I will add more tomorrow if I get same price or lower.
Well done Billy, Wolf and Openeyes. To the moon!
CPI figures are good and is 4% YOY so I guess all growth stocks would pop and Tesla could start moving up now as we get close to earnings report. Placed an fill or kill order....don't think I will get $250 even but let's see.
FOMO is again kicking in me and that is what made me buy last time at the highs but I guess it is going towards $300 again. If the CPI report meets the expectations then surely fireworks across the pond and Tesla will jump big. Should I buy back what I took off last week? bloody hell so difficult to make decisions when you are lumping huge amounts...another £15k is a big amount for me on top of £10k already in. If the CPI figures are good then I will add as can see this going to $300 as earnings date approaches.