Member Info for twirl

you cannot be sirius

IG credited first thing today

Several posters have warned against using spread bets and for inexperienced investors I agree.
I started investing in 1984 and spread bets on AHT(in particular) 2004. Made and lost a great deal but came out ahead. I have had spread bets for SLP since October 2019 and have made a good profit both banked and on paper. I also have SLP in an ISA. Also well in profit on a couple more Co's.
For what its worth my views on spread bets are as follows
1 Many see them as a short term vehicle - I dont. In fact the s bet companies assume short term. The UK market is basically short term which is not for me the best way to make serious money.
2 Whilst there is temptation to over expose - dont do it. Always maintain control over s bets so the drops can be covered - keep cash in reserve.However the s bet margins on non major stocks are much higher than they used to be and on SLP recently 100% for IG. So why not buy instead of s bet?
3 Tax is not paid on s bet profits. My expectation is to make considerably more profit than the CGT allowance and as I prefer to pay CGT it makes sense to use a vehicle that avoids it. Thats the main reason for me. This advantage is offset to a small extent by the quarterly rollover and disadvantage entry/exit prices.
Unless one can resist the temptation to over expose one should avoid s bets.
Happy maintaining my long position here.

Neither Spreadex or IG are taking new long bets on SLP.

Its the 22nd

Great news for my investment here.
Call me picky but can anyone help on the green aspects here.
Does a Greenblock contain less carbon or require less carbon to be manufactured.
I presume its the former in which case it creates less of a carbon sink compared with carbon rich building materials. If that is so then presumably the argument is that in 200 years when the new build is demolished less carbon is released?
Anyway the market likes it!

mm's aiming to bore short termers into moving on to the next rocket.
A flat week is eternity for the short term crew.

In the agreement with Afterpay does TSL receive 10% of Clearpay sales revenues at point of sale or sometime later.

The profit seems to be influenced heavily by the revaluation of the 10% option in Clearpay.

I am struggling on visibility of cash earnings.

SA govt debating restrictions currently. Some are pushing for a move from level 3 to 4.

Previously level 4 meant "Only IT professionals, hardware operators, call centre teams, tradespeople, oil refineries,
and miners were told to attend their workplaces at Level 4."

The Hardman report and this sort of oblique ramp news usually preceeds a fund raising.
Todays rns merely provides customers with finance as an alternative to the finance they will be able to obtain from other sources. Nevertheless we have seen how such schemes have enabled car manufacturers to con the public who mostly rent their new cars now. So maybe this will lead to more sales being marketted as a rental.

I never had any doubt they could sell the machines and the 2 main problems seemed to be a) a machine that works and b) pace of manufacture.

We may be enlightened on the first point on Monday. Hopefully not a repeat of previous similar teasing non specific BS updates.

Not tempted.

Max19 "I thought the all idea of investing is to buy low and sell high....not the otherway...." Quite but one has to choose the right company. In the past this has been the wrong company.

The bull case here is based on the huge cash reserves, continued strong cash generation, increasing dividends and rising demand for PGMs which will increase prices.The bear case here comprises1 loss of production due to known chromium mine closures and slowdown due to lower world demand for chromium. Leading to the fallback use by slp of less productive old tailings.2 Further Covid closures of production at slp operations3 Lack of future tailing supply visibility4 World Covid inspired recession affecting general investment sentiment and possibly reduced demand for PGMs5 No deal brexit that will crash the UK market6 Biden elected which will crash the US market7 No more news for 3 months which is an eternity for the short term UK stock market

I am new to this one alerted by the ST IC article. I have done a fair bit of research and am ok on price factors and supply/demand volume factors for PGM's but do not have a feel for the pipeline. How many years do we have before they run out of tailings?
For example
1 how many mines have a tailings processing plant where SLP operate
2 How many of those mines are currently producing
3 Am I right to assume that fresh tailings are the priority - only reverting to historic tailings if production is reduced (as appears to be the current situation.)
4 What access rights do SLP have to historic tailings - how many tons and how many locations

Thanks in advance to any advice on the above

Trading well on course with market expectations.

Will be interesting to see what the auditors say at the end of the month regarding the capacity of AVO to have the finance to survive another year. Still seems the Directors are heading for a pre pack

Perhaps the announcement is to enable the shares to be issued - as new shares cannot be issued below par.when sp has been below par for 3 weeks - er I think.

We had the rns yesterday setting out the presentation - in itself that is enough to explain the fall ie DELAY equals DILUTION.

The big picture is that AVO have to repay £11m to Metric by the end of this month and the only source is the vulture Bracknor - unless the cavalry arrive.

Unfortunately for longs the rns confirms that AVO will no longer exist in its present form for much longer. This is because the timescales compared with the cash burn and lack of income mean that an extremely dilutive placing will be required or further funding from the Bracknor vulture. More likely there will be a pre pack by one of the competitors. The shares in ones bottom drawer will be worth less than the drawer. All IMHO

slightly is hardly the word. lol