Similar to Dorfan and Bruce I also have assets in SA and have been dealing in that market for many years via Sanlam . I had a gift of Jubilee shares when they reversed into my portfolio presumably via a cash shell many years ago . Took little notice of them until recently when I bought loads @ 66cents . Incidentally I have found the RSA market to be far more transparent and fair dealing than the " Great British " set up , across there the authorities actually do take action against fraudsters rather than the comfy chats they have with them here .
ATB
IMO PGM 's are rapidly gaining in popularity as a hedge against all the money printing ,and debt piling up in the " real " economies + they are essential to industry .
Not essential to industry but but still a bit of a hedge and cannot be printed this would account for the rise in Bitcoin . I know where my hard earned is going .
Yep 500 breached ,still a bargain buy and a strong sustainable div yield
Good point alloamad stops are a guaranty of loss . I bought quite a few @ an av of about 7 , never tempted to sell but would have been very tempted to add at under 10.
Just checked the RSA share price performance over one year this is now down 17% from the recent high, and up 550 % from the annual low, so the relatively slight retrace is hardly surprising .
Have a look at the one year chart and the retrace looks relatively slight . So no reason to panic in the absence of an RNS
The long term prospects I would think would be the reason for the steady climb .
A classic LTH / buy on the dips, also a tasty div.
Platinum down 5% along with the other metals on the stronger $ might be part of it , but more likely MM's trying to shake out weak holders .
As a low cost producer a long term weaker plat would favour JLP because the more orthodox high cost miners would cut back production activity .
A no brainer solid long term buy/ hold
With all the epic money printing going on now and no doubt into the future commodities ( including food ) are just about the only safe place to invest . A commodity super cycle is the logical result of this foolhardy process
I will not be giving up my shares here for a long time.
Have you factored in political risk ?
It does not worry me because it seems to me that the politics in the more "stable " economies are proving to be anything but .
( stable )
Yep S A down a touch but still at a premium to the London price which bodes well.
Looks like good old London takes the lead , I wonder how long that will continue ?
GLA
If it follows on tomorrow it would open up here approx 8 % .
Not guaranteed though, maybe it takes it lead from the London market and the R / £ exchange rate is pretty volatile
@ R1.38 in SA, equates to + 6 pence across here might be interesting tomorrow
GLA
Up with the cu price . That is just one of the commodities that the Fed and BOE etc cannot print , it must really frustrate them having real and tangible / useful commodities in the market . When the herd stop" following the money " printers reality will strike home .
Do not know what will happen , plenty of choices but it will not be pretty , the upside is that companies like JLP could do very well out of it.
decent update , final para " the board intends to at least maintain the final div ".
A 6% yield in these tough times is very much appreciated
Probably falling as a result of perceived fear of bad debt when their customers lose their jobs in the forthcoming virus chaos.
It certainly will be a problem , but IMO the fall is overdone . I know that if I was in a financial squeeze I would everything possible to avoid losing my broadband . Payment to the provider would come before the mortgage or rental dues.
Beats me why any investor would sell this at just about any level unless they were taking a very handsome profit or a forced seller . Sit back and take the div ,soon morons at the central banks will be forced into negative rates as a last resort before it becomes obvious that they have run out of " tools". In reality lowering rates is the only " tool " they used for many years ( other than spouting very unconvincing rollocks )
The market will be forced to take note of strong div payers and a substantial re rate will ensue
was all that rollocks from the UKSA about ? Just a wheeze to get the sp down and pick up a few on the cheap no doubt.
It is on the ADVFN website ( not that I would recommend that site )
Got a email from H/ L this morning confirming the return is very much on
Oh dear ! I hope not , some "authorities " are encouraging banks to forgo divs but I don't think that includes insurance insurance companies anyway LGEN is not a pure insurance company.
No doubt the " authorities "will be supplying some lame reason for the request , but the reality is that they are worried that our vigorously stress tested banks will require yet another funny money QE bail out when millions of "good" loans suddenly turn " bad " in the near future.
It would be rather fitting and neat if after the first foolhardy bail out in 2008/9 they require another one in 2020/1 for somewhat better reasons . It would even things up as well because by then just about the whole of the economy will be running on funny money so why leave out the banks .