Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi Alex,
LSE don’t seem to allow your links.
I think a few of us have a consensus 220-240 on divestment and a 6c per quarter divi. Both those figures are extremely conservative which reflects the market.
Likewise I have been following the media and have now made SEPL my largest position after adding the last yesterday. Looking forward to results on 29th with a double divi and a special divi all in quick succession!
Ops wise there is so much news in H2 to underpin the SP without the divestment which I see as just upside risk.
And as I have posted before this is as good as it gets to invest macro wise. Esp with election just over and business friendly government. We don’t have to worry about electioneering for a while the govt should be delivering now.
Usual caveats
Trek
1.1m and change sold today. Last ditch at the end weren’t round numbered. I wonder if that’s the 10m out.
You will see if it bounces up suddenly in the next couple of days or obviously an illusive TR1 which I am somewhat perplexed as to why we haven’t had one yet. So I could be talking rubbish!
Time will tell
Either way I am waiting for that bounce to put my second 1/3 in. Breaking it up as difficult to call.
Usual caveats
Trek
It should show in the ‘trade and other receivables’ on the results. But don’t expect succinct transparency!
Usual caveats
Trek
GG I sold some before xd and some on the xd date. Posted it there. Cleared 7k with the divi.
There are no geniuses in this game. As you should know. And after all your bs and you’ve not even made any money, spending all your time whining here!
Put my extras back inti PHNX yesterday. Have TP to sell again before the weekend.
Best one this year was YU group though. Paid for a nice holiday for Mrs Trek and I with several bags.posted it there and on Tecan to hopefully help others.
You stick to posting dross mate coz trading isn’t your thing!
Trek
Personally I think this BB has become a waste of time. Probably the underlying objective.
I have tried to help with posting my sells and buys to give it some diversity of thought as opposed to just holding a stock come what may.
DEC has been a fantastic trading opportunity amongst a long term hold. It’s a buy all day now that there is clear line of sight to the debt run offs following the Oaktree deal (last broker note).
For sure others will have a contrary view but 25% up, last divi bagged and next to follow is a pretty good result from ignoring the ill informed boiler room sycophants! Easy to just post dross especially when they don’t have their hard earned money invested.
Also had a cracking run on PHNX, bagging the divi selling down and winning on the last 4 trades ready to sell again now! Posted them over there.
I will stick to what I know and hope a contrarian view goes a little way to helping others even if it just gives a different viewpoint to just hold and hug.
Afterall I thought that was what BB’s were for. To share research and trading ideas.
Good luck all
Usual caveats
Trek
‘ How is the cash flow here...?’
I don’t understand the context of the question. Aren’t you supposed to DYOR before considering an investment.
Trek
Mozzy,
The thing here is the uplift in metals prices is just not in the guidance. POG could go back below 2000 and TRR will still exceed numbers. Same for copper.
Best to load up before next results, esp now the 100k seller seems to have moved on!
Usual caveats
Trek
Timing is everything lol! Got this one on pretty much on the nose with the last 5 trades!
Also bought SEPL yesterday, went in big, for me! 3 lots of divi due soon and chance of divestment!
Can’t beat a bit of luck in this game!
Trek
PHNX and SEPL…. lol!
Timing is everything in this game and that’s down t luck! But nice when it’s in your favour!
Trek
Bought some PHNX back at the closing bell yesterday at 479 for a trade. Let’s see.
Also added significantly to my SEPL. Results next week but expecting divestment news soon as the senator has been gibbing off to the media. Last time he looked a fool. This time he will not want to look a fool!
Usual caveats
Trek
Liquidity was drying up today. Couldn’t buy or sell for that matter 200k at times this afternoon. 150k was most in one hit. Then dropped to 100k on ii.
Trek
“ Time for me to buy back. Hope that the SP won't jump up too soon tomorrow morning”
My thoughts exactly, being in cash with these I bought on the close at 479 today. Expecting a bounce tomorrow from a technical oversold position and based on the ‘MNG lag’.
Don’t worry though doesn’t change my view as I will be selling again. Just gotta make sure to clear the taxes and spread then hopefully a good profit to add to the trading pot!
If I am the wrong side I don’t mind averaging down from here is my long term view is buy. Lots of opportunities here when the volatility is high!
But timing is everything!
Usual caveats
Trek
And Nigeria are loosing revs coz deal not done!
https://punchng.com/fg-may-revoke-unused-oil-well-licences-amid-30bn-loss/?utm_source=top-story&utm_medium=web
Trek
Hi buzz,
Not xd until 25/4/24. Payment 29/05/24 so should get the currency conversion rate on 26/04/24.
Usual caveats
Trek
I thought I had it wrong for a moment selling PHNX & MNG yesterday but glad I did now!
Trek
Hi deepjoy,
I agreed with all that on Friday but this week is different!
The world is changing so quickly.
Bouyant US jobs has meant Fed won’t cut now until possibly as late as September. Earnings out today have shown that the economy is super resilient so it can absorb higher for longer.
US 10years have kicked on to 4.6 now!
Then look at the weather. El Niño could see food inflation back on agenda. Esp in UK as farmers haven’t been able to grow crops in flooded fields.
Then the biggy is the ME tensions. Impossible to call but if Iran starts throwing drones about then the straights will be impassible even for US warships! Contrary to what they tell ya they cannot deal with waves of thousands of drones on after another! They couldn’t even bring down all 300 when Iran told them they were launching and the had hours to plan and react!
Any hostilities adds to inflation and even the spectre of $120 oil or more as well as the risk of contagion!
Let’s hope it doesn’t come to that!
However, I am happier sitting in 505 cash which is a trading profit + a divi to come and being able to pick my reentry points that watching it threaten my previous average.
I will scale back in for the very reasons you say when I think the time is right.
Notice that none of this is negative Phnx. It’s just macro. There are stocks that should be more resilient and that’s the ones to invest in. Insurers have shown us they don’t do well in inflation/high rates. Even though ironically Phnx have beaten guidance it’s not viewed like that by the market. So that means one can likely get back in cheaper.
Gotta protect one’s capital!
Good luck.
Usual caveats
Trek
Hi buzz,
Mine are in an ISA with ii. I get paid in gbp. The divi is 3 cents a share and the currency conversion is announced by the company in advance of payment.
The next divi will be 6c as it includes a 3c special divi.
I am surprised at the pull back here today. Nigeria must be an international oasis and Nigerian HC’s will be in demand.
I get the macro impact from any hostilities and inflation but forecasts of $120 oil and local demand should net out favourably for sepl albeit obviously one would rather have a hassle free $80!
Usual caveats
Trek
“ Gone to cash with my insurers now. Can’t believe they gone up since selling!”
Well I think that was fortuitous timing from yesterday. Must say I did wonder when it hit 510. But one has to accept its luck if you pick the top or the bottom.
I am still on the sidelines here and will average back in when I think the time is right. Atm there is no hurry. It’s a long haul before catching the run up to September.
Atm I can use the cash to hopefully make some trading returns before tipping into here and MNG.
GLA
Trek
LNG pause could 'seed volatility', says ConocoPhillips CEO Ryan Lance
https://www.cnbc.com/video/2024/03/19/lng-pause-could-seed-volatility-says-conocophillips-ceo-ryan-lance.html?qsearchterm=ryan%20lance
Mentions AI demand
Trek
Meco,
lol!
Trek