Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Bailed the other day after hours at 34.4 for a relatively large amount. SP seems to have stalled around here for now, but still showing resillience off 33.5 so may continue on up.
It's the only way us LTH can make anything off solgold whilst we wait. Any opportunity to trade this I will usually take.
If it does go boom, still have enough remaining to make waiting years worth it.
The markets form some really strange correlations sometimes. We have a strong inverse correlation with oil companies.
The media control these correlations. With inflation pushed in our face everyday, and petroleum being the biggest felt by the public and most obvious, if oil goes up, growth stocks goes down.
Yet industries which physically use oil based products for their daily operations such as airlines manage to post positive gains?
Fascinating to watch.
Special dividend would be nice, but then you would just see an increase for calls of a windfall tax because karmer thinks us oil company shareholders are multimillionaires and should be taxed.despite what happened 2 years ago, and despite many lth barely breaking even.
Personally I would prefer if they continue what they are doing. Pay down debt, increase buybacks and increase investment in renewable. Seems the best way to avoid the limelight right now.
Nice to see the SP get kick up the backside at last. Long overdue.
Not my biggest holding, but still set to make a tidy sum if this took off on the blasted resource estimate we have been waiting an age for.
Any good noises coming out of the war this weekend, the wider markets could do the heavy lifting and will see this gap up on Monday above 100p, turning it into immediate support. That's the ideal scenario.
Each have their own strategy and those who brought in the 60s and 70s have a nice wad of change for a couple weeks work so will naturally take profit. Personally, I'm not here for change, and this is feeling like winter 2020 all over again where the "covid stocks" 3 bagged in a few weeks. So many sold out with their 20% and kept waiting for a pullback that never happened. Once sentiment comes back and takes hold, beaten down stocks become steam trains. Block their path and you end up getting obliterated. It's safe to say that this is the beginning of sentiment coming back to us.
The market doesn't hang around on a turnaround. Blink, and this could easily be back above 200p!
Fantastic week with a first test of 100p already! If ot wasnt for 100p being a big psychological barrier, we would have been 6 or 7% up today. Let some of the traders exit stage left (looks like some already regret exiting too early lol), and let us LTH who look to triple our money ride her back to fair value. Set up beautifully to have another crack next week. Once 100p goes, straight to 120p. Then watch those short positions fall off a cliff.
Washing machines will be whirring this weekend in the shorts camp. Lots of brown stains to clean.
Looks like the shorts are in a bit of a pickle now. MW have no choice but to unwind very slowly as too fast will cause a large spike and mass exodus of shorts causing a squeeze.
Add to the fact that we got buyers coming back, things are going to get explosive here.
Wait for 120 for the real party to begin. In the meantime, loving these daily rises despite wider markets being weak.
Or they will get burned by doubling down on their short after a TU that showed things are no longer deteriorating and green shoots are appearing in the form of unexpected return to growth in ROW. Also MW massively reduced.
That's a fine way to get yourselves burnt. Who knows what level these shorted from, but doubling down on their short in the mid 70s has just increased their risk exponentially. 100% rise will completely wipe their position and most of their original profits will be dust. 200% will see them lose double their initial position and nurse a massive loss. At 120p it will be time to close. At 140p it will be panic stations. At 160 and beyond, there will be brown plumes above their offices if they are still holding.
Looks like it could be another good day tomorrow. Sights set for 100p with 120p being the critical mass threshold for a short squeeze induced rise. Of course some good noise from the company and more institutions taking shares off the market will also add fuel to the fire. Ocado is a good case study, but at one point I think they were over 20% short.
I would go a little bit further dimi and say that of course amazon who are for all intent and purposes a monopoly and many people can't live without have big pricing power so will be the first to make cuts.
I see it as a pyramid structure. Your household brands and businesses that people can't live without will be able to increase prices first. Then the 2nd tier will follow and so on. The only issue for asos and boohoo are that they are fairly low down the pyramid compared to others. However things eventually do filter down and cost increases are inevitable....its just a matter of asos and boohoo waiting their turn and not jumping the gun which could prove deadly.
I believe it has now filtered down to asos and boohoo looking at boohoos last TU so margin and ebidta erosion should remain flat and not drteriorate further. But yes, on downturns asos and boohoo will always be slower to react as its the nature of their business and demographic.
On the upside, when things subside and inflationary pressures ease, it will be a race to the bottom again in which boohoo and asos thrive.
Last chance to get in sub £1 by looks of things. Now its time for the pain threshold of shorts to be tested. At £1.20 they would be bricking it, especially the ones who foolishly increased on the turnaround TU. Then we will see boohoo really take off as these unravel.
Comparing this to crimea and Georgia is a bit odd. Ukraine is vastly more pupulus of which virtually all the population is hostile, vastly bigger and vastly more symbolic for both russia and the west. This is going to be a very drawn out affair, and sanctions are not going anywhere anytime soon. The only way this would end well for russia is if putin is removed from office and the new government immediately pull out of ukraine. Fat chance of that happening. Whilst putin is head, sanctions will remain.
With evraz, the russian assets are valued at zero so may as well be completely written off (which the market already has).
The company would be better off cutting out the rot that is russia and working with whatever assets they have left. Easier said than done of course, but this is the only way shareholders will see anything again. This is the risk of operating mines in such volatile geopolitical areas.
Up we go after a few traders taking profit. I'm not interested in 20 or 30%. 3 bag then I'll consider position.
Looks like China is slipping off that fence and dropped a shoe on the west's side. China are the only ones who can reel in putin and putting an end to this war.
How do you fancy a peace prize xi? Think what that would make your regime and global image look like. Covid would be forgiven in a flash
An admirable day by boohoo considering the wider market not being on our side today.
It's just the beginning of boohoo coming back to where it should be. 150p for starters and then we can go from there.
Trolls can try all they like. P&d this, rubbish results that. The fact of the matter is the ship has now been steadied and capital will begin to come back to the sector. A great day, and here's to many more to come.