George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
The UK government needs to act in a fair way where other companies, particularly US companies, are allowed to compete against RR for two reasons. Firstly, if they just gave the contract to RR then the US would object and out of pique may not allow RR to bid for US contracts (and not just for SMRs). Secondly, other companies may have a better offer - only a tender process will determine this. I hold 100k RR shares and am confident that RR have the expertise and knowledge to provide Blighty with the SMRs that meet our needs at a competitive price.
On 24th December 1999 the BT shares reached the heady heights of £9.93. Today it's £1.32 a decline of 86.7%.
On 3rd March 2000 the Vodafone topped out at £4.57. Today it's languishing at £0.69 a decline of 86.2% or to put it another way, since it's peak the share price has halved, then halved again, and now almost halved yet again.
“The only true test of whether a stock is “cheap” or “high” is not its current price in relation to some former price, but whether the company's fundamentals are significantly more or less favourable than the current financial-community appraisal of that stock.”
Philip A. Fisher
"Sometimes it’s always darkest before the dawn, but then again, sometimes it’s always darkest before pitch black". - Peter Lynch
I rather like the Woody Allen definition of a stockbroker as a person who invests other people's money until it's all gone.
My trading strategy is a take on Warren Buffet's saying: "“The best thing is when a great company gets into temporary trouble. We want to buy them when they’re on the operating table.”.
I bought my first share in 1983 and over the years I have bought shares in 69 companies and had a few outstanding failures and some stratospheric successes adopting this strategy together with the caveat that a company experiencing troubles could be taken over after a bidding war. Stratospheric successes have been Invensys, Shire, Barclays, Lloyds and of late Rolls Royce. Terrible failures have been Marconi, Ferranti, Cable & Wireless, RBS and sadly Vodafone. One of the reasons I bought Vodafone was their purchase of Cable & Wireless and thinking telecoms was the future but hey-ho. Thankfully my successes have just about outweighed my abysmal failures which lost me over 700k on just 5 companies. I enjoy investing and tend to be optimistic. When I started investing I used to think a FTSE 100 company wouldn't go bust and a share price in the doldrums would eventually recover until Ferranti and Marconi taught me an extremely painful lesson, in Marconi's case a loss of over 200k. So it's possible that Vodafone will go bust but equally it may double in price in the coming months. Clearly share holders like me who bought in at a much higher price than today's closing price are sitting on large paper losses. I would be happy if Vodafone climbed back to the price it was last Christmas by next May. But of late every time I look up the Vodafone share price I am reminded of the quote from Joseph Heller "Things can only get better, unless they get worse." I admire those investors who are able to close out on a share that is losing them money. I have never been able to do this and that is one of my failures as an investor.
Anyway my prediction for next week is yet again 83.14 as I am an optimist and enjoy a minced π