Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Appreciate that some of the long-term holders are less than satisfied with this share, but it took a good step in the right direction today, along with NEX and SGC, so hopefully better times are around the corner.
Staying on board this one long term; thoroughly enjoying the ride, and think it’s going to get better.
@TheOrms
It certainly is appropriate. You’ve only got one life, and if you feel like celebrating the SP rise, do it. It’s important to make sure you enjoy the highs, as there have been and will be lows when direct investing in shares. Cheers??
Phew.....the drop in SP today, combined with crystallising a good leveraged play on the FTSE100, enabled me to re-enter this share this afternoon after a very short absence. Plan to hold long term now - wasn’t happy whilst out, even though it was for less than 2 trading days. I rate Franco Manca highly, look forward to sampling The Real Greek in due course, and await progressive developments with this company over the coming months.
Doubled my holdings on Friday, ‘averaging down’, hoping for better times around the corner. This share hasn’t yet worked for me, but I feel a bit of patience and it will come good over the months. Good quality posts here on this share, which are appreciated and helpful to those like me. Hopefully, onwards and upwards now.
@PMarrin
I hope you’re right, as I am heavily invested, and I fully expect it to start its surge forward in the weeks ahead.
Oversold yesterday IMHO. Couldn’t resist jumping on board on this share for the first time. Looking forward to happier times ahead.
In a moment of spontaneity, I sold out on Friday AM, taking over 60% profit. My thought process was sell FUL now at its recent peak, buy Jet2 which was 7.5% down, as I feel more likely to make bigger gains in Jet2 over the months than I would FUL at this price. I was also able from the profits to re-enter TRIG, which I had previously sold. I definitely want to re-enter and will do so if there is a dip, enabling me to get back in at less than I sold. Good luck in the meantime - great share, and I’m not content to be in monitor and buy back mode, rather than invested in it.
Don’t see why this should drop significantly, but if it does, I’ll top up for sure.
Looking good. Took out a leveraged position as well last week, as Restaurant Group SP has been rising very nicely, and this hadn’t followed suit. Bingo today. Banked a nice profit this PM. Might treat myself to a pizza at the weekend!
@ Goinglarge
I agree with you - that’s why I bought in a few weeks back.
What some of these derampers don’t get is that folks like me don’t care which way the SP goes short-term. If it goes up - happy days. If it goes down, I’ll buy more, with happier days expected round the corner. I would say there’s no way I’d be short on this right now personally.
@sirsharealot
You state you don’t understand why anyone would sell. I sold on 21 Jan, because the share price drop was the second worst in my portfolio after several months, (Centamin worse - but at least good prospects to bounce back when Sakuri pit stabilised). I thought initially, I had bought GSK in a dip, but it just declined, as has declined even more since I sold; so no regrets. GSK is in a sector that is generally performing, and I was fed up with the SP dropping. I bought EasyJet on the same day I sold GSK, and am now 16% up on those and expect that to rise further over the coming weeks. The bottom line is there are loads of shares to choose from, and GSK felt like a poor and dull choice, when there are others with so much better short term, and medium term prospects.. I’m not deramping, as I’m wondering whether it is now getting close or even at a price, where I should re-enter, in the knowledge that it is unlikely to ever be one that excites, but should not drop much further in value and will pay dividends.
If it goes down, I’m certainly buying more, so anyone deramping is not achieving their objectives.
Fairdealer - thanks for clarifying. So book valuations are historic.
There are going to be some great sites available to Fulham Shore, with heavily discounted lease deals over the coming months, and they have stated that they are on the hunt for good new sites. This is a share that seems to be under investors’ radar for some reason, but I fully expect this to be a good performer.
@Fairdealer
Where do you get the idea that public companies can rely upon Management’s valuation of their freehold property assets. To my knowledge, they are required to be revalued regularly, externally in accordance with IFRS Standards, with strict guidelines required by RICS qualified Registered Valuers.
I bought in at 68 some while back. I see some expect those who bought in sub at 75 to be happy with a 40% uplift. I don’t think that is correct and assume others in a similar position to me feel the same way. When I bought in, the investment was too risky for a lot of investors. I am hoping that my reward for that risk is that this will double, and would be prepared to wait for that. If it is sold at 40% uplift to my purchase price, I won’t be righting it off as a failure however. That’s my honest position.
@Crystal_balls
I did the same with RR at 89.9 this AM - doubling up my existing holding and taking an extra leveraged position also. Only got back in EasyJet yesterday, but aiming to hold long term. So far so good.
Said I wouldn’t buy more yesterday- but doubled up this AM at sub 90, and also increased my existing leveraged position by 50%. Sold another share holding to do it, which I didn’t want to, but felt this was too good to miss.