Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Like many I have lost almost 80% of my portfolio in the wake of the credit crunch. I have dumped almost everything that and put it into Sola to try to recuperate some gain. At least Sola has the POTENTIAL recovering unlike RBS or some other dead shares I hold - also much stronger revenue stream than SIT and China is in the best position financially in the world right now. Make no mistake - renewables is the way forward. Luckily I'm in my early 20s :)
Where the hell can I find the official 2008 financial statements? The latest one I can find on their site is up to 2007 June 30.
Was planning to have a dig at SOLA when it was still at around 250 range... shame my BLND shares didn't get sold that day to fund the buy because I set the price slightly too high. Lets hope SIT go on a similar run as SOLA :)
Do they have a year with the fund raised to sort this mess out?
What does this mean to share holders? I get that they're not being delisted... that was about it....
Yeah... Much worse than I was expecting. But as long as they stay solvent they should be ok. Obviously not pleased that my holds have drop to 25% of what they're worth but this was always going to be a bit of a gamble. Would be tempted to dip in again if I had share cash around but I don't. They won't be posting profits till next year at best so I guess we're in no hurry to top up. To put things in perspective as well they only need £300,000 profits to make 1p EPS... how long till they can do that? 3 years? Who knows... All I know is that several board members invested substantial amounts at the time when it was at 12-14p....
When do you guys reckon it might have a chance to hit this level? I'm hoping to get out to free up some funds...
Ah.. oops. Did not notice that when I bought - oh well, it's only a short term set back hopefully... will try to buy more when I have money... What do you think of this company's long term future GedW? In my opinion obviously there is a chance that this company may collapse (or need to raise funds) if they are unable to generate profit in the near future but as long as they survive their potential is very good. I see it as a pretty high risk but VERY HIGH returns gamble....
Well I've read on the sola boards at iii that the current P/E ratio in america in +20. If I've done my calculations correctly then SIT should be earning about £0.23 per share 08-09 year end.... I have a question though if SIT did list on the NYSE would they still be listed on the AIM? Would it just in effect pull this share price up to since if it was still it this level people could just sell it on NYSE?
today! Have been cautious to even post on this board until I had purchased in chase it bumped the price up since it's so thinly traded. This year should be incredible... Euro 2008, their expansion into the US.... This is undoubtly a risky gamble but I feel this company is in good hands (just look at the percentage of shares the directors hold), there is a MASSIVE market for this sort of advertising, huge room for expansion and growth and they are already in good shape. Scary to think what these could be worth after London 2012 if they play these cards right.....
It's only a matter of time now before we're all smoking Cubans in the Caribbean....
Yeah got greedy and thought it was going to take off. I'm no day trader mind and at the amount I'm trading with it's not worth getting 10% profit... I'll sit and wait if thats what I need to do to make a decent return... I have plenty of time to wait - I'm only 20 :P
when it peaked last month - timed it wrong but still think it hella good value. just wish I had more liquidity right now!
Merry Christmas and a Happy 2008 indeed to all.
Indeed - it's a rubbish business at the moment as tasty as the idea sounds.... this share is almost worthless at the moment and the outlook for the icecream market isnt fantastic - don't invest till they start making money IMO. Growth potential is huge but it's all worthless if you can't make ££.
great news on the huge contract in Italy! not sure what to make of the significant dilution of shares though....
It's just an arbitary date in the future that I picked haha... I'm just a lowly student at the moment sir and I will be a youthful 33 years old in that year. If this company reaches £1b in market cap by that time I would be more than willing to buy you a birthday present haha :)
What do people think of these guys? Seem to be quite good value for the money they're making and huge growth potential. Anyone managed to find more information on their product/service/business and finacial reports etc?
There's only been 1000 shares traded today. That's probably why there hasn't been any movement. I think until the next set of good results come out and they get a bit of publicity they won't rocket....
just been browsing the sharechat.... we are all in this in for the long run aren't we..... I dream of the day when SIT reaches a market cap of £1b and we're all smoking cubans in the caribbeans..... I predict that day to be August 17th, 2020. i'll be taking bets starting tomorrow : )