Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Maybe, just maybe, our big seller has stopped for now. They've reduced their exposure and averaged down their price so would make sense. Gradual upward movement for a while would be nice and hardly unreasonable.
They won't announce a dividend amount in April ahead of 6 month results although they may confirm dividends are restarting and a range of dividend cover within which the dividend will be paid. An interim is possible paid say Sept / Oct but it would be quite small I expect. 2p a share. Or they may wait until year end. Hopefully not! The sp is being pushed down by someone or some strategy either to get shares cheap for an aggressor or similar story. Looks from the timing as though US is involved. Announcing a dividend and reinstating dividends is the best way to counter this, and / or share buybacks.
This share / business is very undervalued and removing all debt will just make it a perfect target for Private Equity who would load it with debt, strip out cash and kill it, while getting it very cheap. I agree with the general idea of minimising debt but interest rates will probably start coming down soon and I believe reinstatement of dividend is more important if the share is to attract the attention it should be getting from institutional investors.
There are plenty of people desperately talking the price down. Perhaps they have motives to support this. There will probably be substantial sells tomorrow even if the trading update us very positive - as many of us expect. Price will gradually rise over the next few months even if sellers knock it back tomorrow. We will see.
My goodness there's some drivel in this chain. If Card produces results anywhere near expectation the price will rise over the next few weeks / months. Not far off re-joining ftse350. This will create buying pressure. Of course there will be profit taking. But if divs may return soon and the company is doing well then the sp has plenty of upside.
I've looked at Simply Wall Street a while. Most of the data is correct buttons hard to see where they get the forecast revenue drops from. Brokers covering CF all show revenue increases. I doubt CF is really analysed by them. They just aggregate data, and the forecasts appear to be outliers. Hard to see CF losing revenue with growth into new markets, Matalan deal etc.
No 'proof' any more than you have for a counterpoint view, but based on talking to friends. I'm sure younger people are not sending cards by post, but there are very many older folk who do. And use Christmas for newsletters to send to friends who they want to keep in touch with.