PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Shorts reduced +8% , some insti’s buying….
https://www.marketbeat.com/instant-alerts/nyse-dec-options-data-report-2024-04-02/
Trek
2 x £160k buys, 2x 200k shares at 80p.
There have been other 200k buys as well.
Should be hinting at something!
This one is lagging peers atm.
Usual caveats
Trek
HL are the slowest at paying divi’s. They banked the bank holiday interest using investors cash who now have to pay more to reinvest divi into Dec.
It’s been called out here all the time.
ii similar in scale not perfect but miles better on payments.
BArc don’t even go there! Aweful!
Usual caveats
Trek
Well done! About time some good news due.
Tro will be happy!
Trek
Citadel reducing, Gladstone gonna burn!
Trek
All back in now av up to 888.
Quiet here today. lol!
Trek
DEC 12 bucks now stateside! Could be shorts closing and divi buyers. I put my divi in today half at 900p and half at 927 doh! Pushed me up to around 888 now.
Phnx 550 still got legs imo.
Mng xd today I am still blue after! Sweet.
Ecor - investor ppt today. I will watch it later.
Upl … good move today
Hzm…. RIP with similar death narrative to sxx!
Road .. mm I researched it looked good. Down lots on sod all vol! Will stick around for now. I only have a small position for fun as they could sell more assets and bag.
Within the next couple of weeks. TXP ….News gotta be soon! That could be worth it!
Standard… putting boot in on London still. Well it’s a London paper!
https://www.standard.co.uk/business/london-stock-market-shares-crisis-new-york-financial-centre-city-exchange-lseg-fse-100-b1147995.html
That’s all folks…Back to do it all again! lol!
Usual caveats
Trek
Good luck there Tro, they may get 60 boepd when it’s cleaned up!
The sp will probably double but you won’t be able to sell a bean as the MM will close the sell books to offload the rest of the placing stock to any buyers.
Just like at he1. Few could sell on the big spikes up until the mm’s had cleared their desks!
A good entry point but don’t get stuck in there mate!
Usual caveats
Trek
Put half my divi in at 900p. With ii.
Kept half thinking it may go lower next week…. Now look at it go! Doh!
Funds are there to invest but they are not cleared funds for cash transfer!
Bring on the blockchain eh! I mean it’s ridiculous having to wait for cash clearance nowadays!
Trek
I think you mean 47/48.
If that goes 42p is a touch point.
If that goes it’s like 22p
That’s lower than the 30p ish I paid during lockdown!
Funny how these stocks come back to their lows. I sold most of mine at 200p and the last at 130p. Gosh did I get some stick!
Same old poster there clinging to their ‘warheads’ now and it may come good! But it’s usually a good move to at least take your stake out and chuck it in a boring divi payer so you get paid to wait!
Usual caveats
Trek
What’s the balance sheet like? They funded?
Upl nearly drill ready and funded + JV.
Are Coro same or gonna get diluted. 5m mcap usually means sd all cash.
I looked briefly. They only have an MOU for 50% funds. That’s not cash. GSA is 15% that’s not operatorship.
They will likely do well but timing is everything. Watch it do 50% now. lol!
GL
Usual caveats
Trek
13.5p divi 13.3p drop.
Last time I seem to recall the drop was way higher than the divi but it did claw its way back/
Of course it would be different this time as I was going to add a few after the divi!
Keep guessing eh!
Usual caveats
Trek
He1 near 5% spread. You can see it’s real if you look at the 1 day chart on google finance. Up and down with every trade.
MM doesn’t want the stock imo. Yet some folk are still buying. It’s going below a penny and looks like some PI’s just can’t help themselves as a the end of the month cash burns a hole in their pocket!
Just wait or worse if FOMO got ya set yourself buy price levels and average in slowly. That way at least you can stay in touch with the sp. Also sell some if there is a spike and recycle back in lower.
Alternatively if it’s a punt it shouldn’t matter.
Usual caveats
Trek
Add UPL to that SOH will be happy. Good update there that all is on track, no back over 3p.
Sfor - takeover rumours. Always a dodgy one that. It can be manipulated social media or a journo helping mates.
If I was in under 40 I’d sell now and buy back when the wind blows the smoke away for under 40p again.
If you miss another rise so what. Pocket the profit and move on.
Sar…. Sht show another lifestyle pharma. CEO gets paid well over 6 figs and chucks 5k into the placing. Then goes back into his shed to spin another yarn! What a chart! FoS!
Ecor, I tipped here a couple times as bottom in. Sht results yesteryear but ahead looks better. Tipped in IC yesterday as a buy. I hold.
Dec … what a bounce. Talking of journo’s some wnkr on the bbc posted yesterday that the port was the US’s biggest exporter of LNG! It’s not, the LNG terminal is miles away and it’s not even the biggest! They re wrote the story yesterday afternoon! lol!
Usual caveats
Trek
IC tipped…Mar 27
“ Even with a lower payout, Ecora remains good value at this price. Buy. ”
https://www.investorschronicle.co.uk/news/2024/03/27/ecora-resources-cuts-dividend-in-growth-push/
Trek
Phnx, Lgen and av all used to be fairly close yield wise. Of course things change but Phnx is miles behind and its results say it should be closer to Lgen now.
Phnx are 5.44 and currently yield 9.67%
AV yield 6.7%. Phnx would need to be 800p to match
Lgen yield 7.93%, Phnx would need to be 770p to match
Take a 7.5% yield as reasonable and that’s 710p for Phnx
So still a 24% upside.
That’s why I averaged up considerably to a tad under 500p after the results and am now getting a 10.70% well covered and annually increasing yield.
Usual caveats
Trek
Stateside has had a good day yesterday. Even though the ftse is up it’s really not the case for the majority of constituents and certainly not in the 250.
At some point logic says that London has some serious catching up to do. Hence I have been grabbing as much high yield as possible and now have a big chunk of the pf in PHNX! Such is my conviction which has according to the results been pretty prescient.
The aim is to have a nice sp cushion and just enjoys the yield.
Phnx, Lgen and av all used to be fairly close yield wise. Of course things change but Phnx is miles behind and its results say it should be closer to Lgen now.
Phnx are 5.44 and currently yield 9.67%
AV yield 6.7%. Phnx would need to be 800p to match
Lgen yield 7.93%, Phnx would need to be 770p to match
Take a 7.5% yield as reasonable and that’s 710p for Phnx
So still a 24% upside.
That’s why I averaged up considerably to a tad under 500p after the results and am now getting a 10.70% well covered and annually increasing yield.
Like I said when I tipped them here before, you don’t have to invest in mega high risk micro caps to do ok. There are bargains in the ftse as well. You might not get baggers but sleep is easier and you have sell side liquidity.
Usual caveats
Trek
“ I’m assuming this means price will tank to 10p at the open ?”
The question to ask yourself is ‘why do insti’s ’invest’ in these sort of stocks via placings’. I mean would you.
So therefore usually the only reason they have provided the liquidity is they are pretty sure they will get it back by a way which is NOT dependent on the companies operational performance. So therefore it’s by share price machinations.
So the stock would have been forward sold and or hedged.
The deal may also include warrants or complex repayment agreements to ensure that the agents also get paid.
The priority is not the company nor the investors it’s a borderline legalised market to make instant high stakes returns on high risk liquidity. It is loaded to ensure as near as possible those putting up the capital make money whether the sp goes up or as is usually the case down.
What always amazes me with these deals is they parties are aware in advance, can set up their bets in advance and yet the useless MAR do not consider it as inside trading or rather they choose not to.
Bug rest assured the people the MAR are supposed to represent are actually the ones that end up paying for this by way of a vaporised pf. I have emailed them a plenty and one only usually gets an auto reply. The view is you should know the risks we can use the rules!
Here’s the web form to complain. It’s really straightforward and the more PI’s that do then hopefully something will be done about these Machiavellian practices.
https://www.fca.org.uk/markets/market-abuse/how-report-suspected-market-abuse-individual
Usual caveats
Trek
SOH, it’s impossible to pick the bottom but I think you have 3 top picks there.
Upl should get drilling news soon and surely the prospectus at Bres is due. Both are funded as well.
DEsT well it’s just a waiting game there for the next JV. They had a set back but looks like 20’s was bottom.
Tro,
“ on the whole,a poor day....just about everything on the watchlist....was red”
Funny day today I hold 8 stocks atm. 7 are up 1 is down.
3 are up over 4% today,
1 up over 2%
1 up over 9%
2 up 1%
1 down 0.38%.
Then there was a day the market was up and all mine were down!
I sold CAML ahead of results had them at around 156 sold at 190 and now they gone higher on what I thought were disappointing results, a reduced divi and a shty investment in some junior digger! So wtfdik!
Usual caveats
Trek
I added 510, 520 and 528 recently. Got my average now up to 500p exactly. This is my top holding at nearly 50% of my pf!
Super confident now that this has recovered from covid, Liz, Ukraine and inflation. That’s a pretty good test for the stock especially as they have hit their numbers two years early and increased guidance.
I am not surprised at a rerate. I think it will rerate to around a 7-8% divi which will bring it alongside peers Av & LGEN.
So that’s a way to go still but I still reckon there will be a bid!
Usual caveats
Trek