RE: I just wanna wake up to an....09 Jul 2021 10:54
Why is everyone so impatient? As Warren Buffet once said, the stock market is a mechanism for transferring wealth from the impatient to the patient. Either you believe in the long term potential of this stock or you don't. POW is up 201% over the last 12 months according to Stockopedia, so it's only natural there will be a period of consolidation. This is a multi-year hold for me.
RE: Business Update - timescales?07 Jul 2021 10:47
"It is a silly saying but maybe in Mary Antoinette's day cake meant bread ! Which again could be interpreted in the modern meaning as money. Even dafter is the expression you can't have your cake and eat it which begs the question what do you do with it."
I think the peasants were starving because of harvest failure and when Marie Antoinette heard about it she coldly uttered how now infamous phrase. No wonder they executed her! The correct expression is 'you can't eat your cake and have it', which has somehow, confusingly got switched around.
Could someone please explain the differences between POW and POW.GB.PL? The share price seems to be different and the rises and falls each day also seems to be slightly different - though this could just be a technical anomaly. I buy via the AJ Bell YouInvest platform and it buys the POW.GB.PL shares.
“I don't have a problem with someone paying a fee to a financial adviser for initial advice but that advice has to be: spread your risk. Which means investing in several funds. Fair enough, even if they don't recommend a Tracker fund! What gets my goat is the annual fee thereafter! Half an hour's work once a year shuffling money around to justify their existence?”
That’s an optional service though, it’s not compulsory. Many people like the reassurance of an ongoing service, as their circumstances and circumstances change. The key is to negotiate an annual fee you think represents value for money.
DG1066, why have you invested in Blue Prism if you are so negative on the company, the company's location, the company's prospects and the BOD? Surely you had all of this information before you invested? Doesn't sound like a sensible investment strategy to me, which rather undermines your credibility as a poster.
I know not directly relevant to what's happening here, but interesting nonetheless: "Signs are starting to emerge that the rally in iron ore prices may have peaked. The price of iron ore, a key ingredient in steelmaking and a bellwether metal for the health of the global economy, has surged in the past year. This has been driven by soaring demand from China – the world’s largest iron ore consumer – and as optimism grows over a big global economic recovery. But after breaking the $170 per tonne barrier this month, prices in the past week have slipped back 5% to $165 per tonne, the trigger being a crackdown in China on excess capacity in the country’s vast steelmaking industry and policy measures to clean up pollution from the sector, which reportedly accounts for 15% of all the country’s emissions. Chinese demand is still expected to remain strong, despite government officials calling for a fall in the country’s output this year, and that combined with recovery in demand elsewhere as economies reopen should provide a layer of support for the majority of 2021. Since the iron ore rally took off at the start of November, share prices of many big miners rallied with several reporting bumper earnings. However, analysts suggest exercising caution on iron ore at current levels, with many seeing prices falling back to around $100 per tonne by the end of the year.
Liberum analyst Ben Davis says a bull factor for iron ore could be a ‘large, fully-funded infrastructure rebuild program for the US economy’, but warns iron ore prices right now are ‘over-extended’ and ‘abnormally high’, with supply at mines across the world expected to ramp up in the second half of the year at a time when China’s demand moderates."
Dean, only if you have a very short term view. Trading is in my view, not a way to get rich, especially when you factor in trading costs. The only way to get rich is to buy a stock you think has long term potential, and hold it for the long term.
Yes, apologies no tin. I think the jump in share price last year was due to several new projects coming on board, though the issuing of warrants recently has meant the sp has come off its recent highs.