Member Info for troken

Beardozer, I’m not sure why you have a problem with someone paying a fee to a financial adviser for advice?

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.

Hope so, but I'm past the stage where I'm remotely hopeful!

Your guess is as good as ours. It comes when it comes.

From today’s Guradian, a look at The ROC leader:

https://www.theguardian.com/global-development/2021/apr/10/denis-sassou-nguesso-rules-like-an-emperor-while-congolese-die-from-extreme-poverty-congo-brazzaville

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.

"this share has dropped just over 30% in 2 weeks I might have to bail if doesn't start earning its keep"

Yep, buy high, sell low - always a winning investment strategy!

"The Uncrossing Trade at 16:35 @3p last night gave an inflated close price. We are now back to where were trading yesterday, so actually no price change across 2 days (so far)"

Thank you for the explanation.

765,500 shares bought and 122,00 shares sold today yet the price is down neatly 7%. Any ideas anyone?

Hi Nate. If you listen to Paul Johnson's presentation via Twitter yesterday, he goes into detail about how this generates revenue for POW.

"Getting out, waiting for the market crash, and getting back in is a wiser strategy IMHO."

Trying to time the market is never a wise strategy IMHO.

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.

I'm in Power Metal Resources, check them out. Some good interviews with their CEO on their Twitter feed. It was flagged up in the AJ Bell share magazine, which game me some confidence.

He said Monday morning.

Twice as many bought than sold. Never understood how this share price moves.

I get your point Sooty, gold miners like Petropavlovsk is up 254% since I put it on my shortlist last November, games developer Team 17 up another 3.4% today to a 100% return since last November, bike company Tandem up 111% over the same time period. With the benefit of hindsight, we'd all be millionaires!

You can see why the Chinese may be reluctant to commit large sums of money to a project, until all the ducks are in a row then.

Hi Longlad. Not specifically, but the FCA’s Coll handbook states,
“An authorised fund manager must ensure that, taking account of the investment objectives and policy of the UCITS scheme as stated in the most recently published prospectus, the scheme property of the UCITS scheme aims to provide a prudent spread of risk.”
Most fund groups have their own internal compliance which limits how much they can invest in an individual company. The last thing fund managers want is a big stake in small illiquid companies - this was Woodford’s downfall. Because it was his own company, he didn’t have adequate internal compliance checks. He was investing in some pretty good companies, but he was owning large chunks of small companies which are difficult to get out of if you start having a lot of redemptions within your fund. The problem is, if you are running a decent sized fund and want to hold a small position in Zioc, it may comprise 0.2% of your fund. Even if it returns x 100, it’s not going to make a huge difference to the performance.

Sooty, as someone who speaks to fund managers all of the time, that’s an easy one. No fund manager in their right mind would invest in a company that has no earnings. Fund managers look at balance sheets, and typically look for companies with high free cash flow and showing a good return on equity and capital. Zioc has none of these, plus it’s in the middle of Africa. There are too many unknowns to allow fund managers to commit investors hard earned money into it. Plus you usually have a massive spread and there would be potential liquidity issues, as the market cap is so small. Even for those managers who look at micro cap companies (and there aren’t many), there are other more attractive U.K. companies out there that tick many of their boxes. I have FE Analytics software, which gives a risk score for every fund, share etc. It benchmarks the risk score to the FTSE 100, which always has a risk score of 100 and cash is 1. Last time I looked Zioc had a risk score of around 1000, meaning it’s way out of the risk boundaries that most fund managers would be comfortable with. I’m happy to invest in this as a PI, as I’m aware of the risks, but I wouldn’t want my fund manager to be investing into something this speculative.