Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
How about 160p here? thats up 33%. Does that sound too optomistic?
Well we had some good news last week with Greece so perhaps we might just move up a bit more next week. Wobbs said "if they cut the div to 10p thats still 5%" and with negative debt we should find support soon. For me 100p the recent broker targets around 135p now look a bit low too.
Sorry to hear that, most brokers targets look pretty down beat, 20/6/11 Credit Suisse cuts target to 133p from 180p 24/6/11 Singer Capital cuts target to 133p from 159p I am thinking I made a mistake yesterday buying at 164p, perhaps we should get out for a while until we get a bit lower perhaps to 140p, that would be 12.5% below 160?. What do you think?
http://www.ft.com/cms/s/0/39680cf2-9dc6-11e0-b30c-00144feabdc0.html#axzz1QB8ImEuP
BBC this morning: Home looking at buying right to Habitat (owned by Hilco) brand but only 3 outlets in London Also in FT: http://www.telegraph.co.uk/finance/financialcrisis/8595285/Pressure-on-Greece-escalates-as-EU-leaders-meet-to-avert-crisis.html
This is my smallest holding in my PF but having made a review in this last dredfull week I think that I will buy again here soon. They have negative debt and good earnings. I feel they have been dragged down by the rest of the market this is essentially a good company. What do we think?
This is looking to be one notable exception compared to the rest of my PF.
So if you cant afford £1.5 billion then why not get the shorters to bring the price down until you can afford it! Perhaps thats their game. There is no reason for this company to fall to this level. Profits and negative debt? It's cheap. Are we missing something? Some dark art going on it seems.
Have just put an order for £10k at 160.1p to expire on Friday. I really dont expect to buy at that level. This company has negative debt, ie. cash in bank! and it has been earning 6.58% on sales. This compares well to Dixons which scrapes 3.6% and Tesco which pulls in 8.45%. Currently Home is only 9% of my pf.
I am in but there are lots of brokers down grading: e.g. http://www.igindex.co.uk/content/files/ukratings_13jun2011_igipm.pdf Sell with Target 120p. What planet are they on or what do thery know that we dont? But they are not the only ones: Barclays cuts Home Retail price target to 145P from 165P; rating underweight Seriously could they be predicting a colapse in Retail stocks? Sensible debate please
Was away this week and like most here my PF is also looking pretty silly. But I did put some very low buy options and this one came up; I managed to get in at 176p including costs which nicely brought my avarage down from 218p to 200p. What a big drop though, at Fridays closing 165p I'm still down by 17.45%. Other shares to consider using remaining cash on but not confident here as market may think this is another Dixons in free fall without looking at Home's very good balance sheet and simply drag it down with the rest. The five year low was 163.5p. How can this be a falling knife? Can we say where the bottom might now be with any certainty? Any thoughts?
June 2 (Reuters) - Wincanton PLC: * Investec raises Wincanton to hold from sell
I agree, this company should bite the bullet and pay down some debt, or even raise some more capital with a share issue. It looks so bad to see so much debt on the balance sheet and it needs paying for irrespective of profits.
So good news if they cut the dividend altogether. Its nice to see such a big rise but 15% over two days, thats a lot to sustain, but hopefully we can hold the 100p level