Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
*equipped
@guitarman - agree wholly. The public seem unaware (and are certainly ill-equalised) that trade offs on lives vs costs happen every single day, be that in healthcare provision, safety features, regulations etc. Playing to that gallery is mindless on the part of the government. But sadly they have started an engagement they have no idea how to conclude now...
Been angry about the covid response for ages ;-) I think it’s complete insanity... far less angry about the share price :-)
noggers - personally struggling to understand the appropriateness of scale of response to covid now. UK will probably spend circa 500bn to fight the outbreak now. That’s about 4 times the NHS budget or the treatment of 4 million people. The total bill will likely be in the trillions once lost businesses, lost education, lost future fiscal receipts is included. It is beyond doubt now that austerity and lost current/future service and health provision will kill multiples more than Covid. Anyone familiar with the ethical problem “Bystander At The Switch” would probably see this as the first time someone believed the most suitable response was to send the trolley down both tracks at once.
Not unhappy at all. Just saying it’s a shame the opening price didn’t hold. What more could I want..? Hmmm...the opening price to hold? Lol
that opening price didn’t hold a little ...
Not had time to look into it but have been tipped multiple times on Ibstock, and by those whose opinions I rate. Interesting to see you mention the same. Might have a nose at that one and do some digging.
Where’s Falkland gone?...He only seems to be around when we are all losing money and on a downer ... :-) I miss his cheery posts....
I would say CINE have a higher risk exposure generally than NEX for quite a few reasons. Obviously their scale of loss was quite concerning in proportion to their historical profits. Overall scale of debt, within that context, coupled with general liquidity/alternative funding options, also seemingly an issue. And all against a backdrop where they have higher vulnerability to changes in consumer habits/recessionary impacts (more so than NEX which may even stand to benefit from financial pressures on the general public). Having said that, as ever there is quite an attractive reward in CINE if the external context turned a corner quickly enough. Too high risk for me though to put any serious money in....
Just assumed that if they had a diarised trading update in their financial calendar published to their investors they would at least have made clear the prior one was to replace it in the early announcement.
Is it a misunderstanding on my part or have NEX removed a previously scheduled trading update in October from their financial calendar? Could have sworn one was scheduled but is now not showing when look on their site?
Paddy - Personal view is they are incredibly high risk at the moment. Like any share it could possibly come good, but the scale of that loss, at 1.3bn is an enormous concern in my view. I doubt if the pandemic triggered another series of larger lockdowns they would make it tbh.
Noggers- as an aside I did like the way you started that post like Yoda, Up, I Am... :-)
Personally think you’d be mad to sell. It’s been a solid couple of weeks, and you need to be comfortable it may retrace a bit, but it remains massively undervalued...which is why you bought in the first place....
What’s exciting with this share is just how far it still has to go :-) in almost all scenarios where some sort of normality returns, this stock was always the bargain of the century.
Totally agree with Point 2, albeit it was outperformed by airlines pretty consistently which was beyond bizarre. Strangely also, if you look at NEX performance against “competitors” (using term loosely) it broadly moved in line. Seems the CEO element had negligible additional effect in diverging it’s share price there.
@trend364 - I think the summary is.....pandemic - market panicked, lockdown - market got over-excited on recovery timeline, recovery slower - market panicked, today - market slowly realising we will emerge and it’s not the end of the world (quite ;-)
Notwithstanding a complete economic collapse of some description I agree! The recent RNS was reassuring and whilst I’ve been with NEX a while I doubled up at 116 so timed that reasonably well (not always my forte to be frank...marginally better at getting it right longer term;-)
Always good to see lots of new names popping up and new interest in NEX. When it was bumping along the bottom we had the same 4 or 5 people providing group reassurance lol!
Totally agree! Think held up well.