Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
1st time poster on this share , have been steadily accumulating since the low 20s, looking forward, as I think everybody on here is, to the update later this month.
Seeing high prices or higher transactions brings to mind what often happens in the watch collecting world.
A dealer may have 10-20 watches of a particular type , let’s say Rolex Sky Dwellers in stainless steel in a popular colour dial. The current price in the market is as an example £12,000. He puts up several of his examples at £15,000. Collectors or just a regular customer will think that’s a bit steep and keep looking. After a while the dealer advertises a couple more, this time at £20,000. Suddenly the watches at £15,000 don’t look that expensive anymore and people begin to think that is the new normal. The dealer only needs to shift a few to increase his margins dramatically.
I’m not saying that this is the case here although it may well be a variation but price manipulation is as old as the hills. Wherever you have supply and demand you’ll always have someone trying to get an edge.
Appears to be a wave of selling, any idea why anyone?
Piece in the Sunday Telegraph today about demand for cheap cars rising.
Quote from Robert Forrester, chief exec of Vertu “ cheap used cars are flying out of the door. Anything under £9,000 is flying out”
31% of orders taken by Vertu in April and May have been for cars price at £9,000 or less, an increase of 17% on normal levels.
So some decent business is still happening even if the showrooms are closed.
Anecdotally, a friend of mine who sells second hand motors had his best week ever last week shifting 9 cars in a week and is struggling to source more bottom of the range stock.
There was an interesting article in the Times yesterday regarding Elon Musk applying for a license to generate electricity in the UK. His company doesn’t intend to get into the generating side of the industry but to build a network of batteries to store power generated by solar and wind. Seemingly you have to hold the license if you intend to supply , say, The National Grid even though it’s from a storage source.
As well as industrial size battery installations which he refers to as Powerpacks he is also looking at domestic batteries called the Powerwall which when harnessed together can provide meaningful amounts of energy at times of high demand.
Question is will he be looking to build up his own mega batteries from scratch or consolidate existing plants.
Also, could this be another outlet for generators such as Next, Bluefield, Foresight, UKW and TRIG who are feeling the pressure over long term prices
If I was more savvy with the interney and computers in general I would have copied and pasted or at least put a link up but a quick google should do the business.
Some good points Raptor although I think you’re a bit harsh on civitas’s housing associations. Don’t forget that the rental is underwritten by the the Bank of Rikki thru housing benefits so is very secure.
A worry for me with RESI is their small market cap. Have they the clout that’s needed to get the decent deals needed to grow the company?
I know of Places for People, they are based fairly local to me. Housing and maintenance used to be their main function but now they are expanding into leisure, student accommodation etc . Like you say a quality outfit but RESI will only have a small exposure to their varied portfolio .
Nevertheless one to keep an eye on. Happy investing.
I bet the guys at Apollo Global are mightily pleased with themselves after they offloaded 33 million shares @ £3.60 back in January.
Having said that they still hold 100.7 million more shares so seems like they’re in for the long game.
Wosg share price swinging about on not a lot of volume. Seems to be heading the right way.
Heard talk that Wosg are ringing customers on their waiting lists asking them to pay up front for the most sought after models (Rolex steel sports and some AP and PP) but only promising customers possession when the shops reopen .
Sounds a bit odd but I wouldn’t mind waiting a while to get a Nautilus or an Offshore at list price if I had that kind of money burning a hole in my pocket.
The only worry would be if something befell the company and they went into administration or worse, you would be right at the back of the creditors queue.
As I say, only hearsay but makes you wonder
Covid affecting demand for energy, prices dropping short term. See TRIG for their rns, they expect a 5p NAV fall .
Still holding for Long term , tin hat firmly on!
Coincidentally a huge non hazardous waste incinerator was given the go ahead late November on the Red Scar Industrial Estate. This will burn up to 395,000 tonnes of waste producing low carbon energy and the electricity will be available to other businesses on the estate by a ‘ private wire’
Costing up to £200 million, work has commenced and is hoped to be operational early 2021.
In these dark days what better way to lift the spirits than splash out on a new timepiece. Alas Rolexes are in short supply ( and too expensive!) so perhaps an Omega? Much more affordable and of equal quality.
I asked my wife if she wanted to replace her watch but she said she’d just prefer a new strap on! Not too sure about that!
Timing is everything, I don’t want to wind you up but bought in when the price dipped below 190. I haven’t wrist a fortune but feel that your average Rolex buyer will be treating themselves as , let’s face it, holidays are out for the foreseeable.
I honestly thought Patek Phillipe was a guy that made curry sauces!
Friend of mine who works at the Blackpool store says paint is flying off the shelves. He’s never seen anything like it however B & Q have announced shorter opening hours from today coupled with controlling customer numbers at any one time.
All this while the company has been virtually giving stuff away as they reduce lines stocked and stock levels. He picked up a Bosch oven down from £700 to £200.
I had a 3 night booking for 2 rooms in Cheltenham next month on a non flex basis.
They contacted me last night offering free cancellation or rebooking due to the present situation.
We were going for a race meeting, unfortunately cancelled so took the refund option which was instant and painless
Very impressed by their no quibble attitude and I will definitely rebook next year, top marks Whitbread!
Hi Matt , only very recently bought in here, modestly.
Very good article on Investment Trust Insider online published at the end of January. Gives a very good insight where this company is now and problems it’s overcome.
Dividend not fully covered this year , 2021 more promising
Just realised, for some reason it’s showing old positions from years gone by! My mistake
Elliott Investments. An American hedge fund.
Check out shorttracker.co.uk
Bit unnerved by the amount of short positions this well known activist is taking against the renewable sector here. Not only in wind but solar too.
Do they think the premium to nav has got too high or perhaps they see the sector ripe for consolidation.
Worst scenario would be if they have information that the new government intends to treat companies differently regarding subsidies/ tax / long term contract prices.
Anyone have an opinion?
Seem to be taking a lot of short positions against the renewable sector. Not so much here but big against Nextsolar, BSIF, FSFL, TRIG and John Laing environment.
I wonder what could be their thinking, could it be they see some of the premiums to nav getting stretched or are they trying to spark off a wave of consolidations?