Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
This fall is all down to that genius Kwarteng. A man who giggled during the late Queen's funeral service is not fit to be in charge of the nation's purse-strings.
Honestly, I think Boris is dead and buried. Of course, he will do his best to airbrush out all the history of Partygate, and he might succeed in doing so, but the problem which the more incisive Tory MP's will perceive is that, were he to come back, he would be the harbinger of another scamdal sooner or later. That is the nature of the beast. I think the next few months are likely to herald a vindication of Rishi Sunak, though, as he is also a doctrinaire Brexiteer, I shall never vote for him either. I think a Tory bloodbath will ensue, quite soon, as the various factions draw swords. The Tory Party needs a spell in the wilderness to find its way back to its On-nation roots.
Quite right, LaR. Well said. It has been proved time and again that trickle-down economics don't work. How many investment bankers have bought luxurious homes abroad with their bonuses? How many have retired abroad for tax reasons? QED.
It struck me that SMS was quite comfortable in his own skin during that interview. No extravagant phraseology or promises, no resentment or irritation at pointed questions and decidedly confident responses instead. I think the man knows where he is going with S4 Cap. Happy to keep locking away shares at this price.
Was there not a hint last week that results will be at the upper end of expectations?
My expectation is that nothing too dramatic is going to happen until the American economy improves. This share's SP is highly dependent on sales there. Eventually, that economy will lead the world out of recession. It's normally a self-healing process with some refractory moments.
Wise words as ever, NigeCo.
I seem to recollect that they are due to be posted on 14th September, i.e. Wednesday next.
A solid, sober, well-reasoned argument if I may say so, NigeCo, although I doubt SMS would sell out even at £4 because that would amount to a humiliation for him, leaving those who expelled him from WPP cackling with laughter. No, I rather think he fancies working all his days, like the Sage of Omaha. He started S4 in his early 70's when he could have retired in comfort after all. No - call me naive, whoever may care to do so, but I am very glad to be in on the ground floor here.
I don't honestly think that there is much likelihood of a private equity bid succeeding. I certainly hope not. Let me explain why. I think it is self-evident that a swarm of astute business-men jumped aboard S4 because of their regard for SMS. In a few years the current difficulties will be viewed as simply a series of potholes on a bumpy road which were repaired by patient, knowledgeable and experienced supervisors. I would not dream of selling my shares in S4.
I agree entirely with you, NigeCo.
Pearls, I doubt that even with quite good figures, the SP will reach £2 any time soon, I'm afraid. Market sentiment towards this share has tanked for reasons we all understand, and it is also the case that there are bucks to be made more immediately elsewhere. Further, there is a risk that SMS might turn up his toes quite suddenly, given his age. God forbid that that should happen, but, given his racy lifestyle, that risk must be factored into any investment. My take is as follows: those business-men who jumped aboard S4 were all previously successful in their own right. I assume they took a view as to the risks involved and decided that there was still a decent prospect that SMS's conglomerate would be successful over time. It is difficult to imagine that they could ALL have made a ghastly miscalculation. I do not have the nerves for trading. I am a buy-and-hold kinda guy who is happy to take the long view. I do spread my bets, of course, but I do not sell unless the case for doing so is overwhelming. I did not sell AZ when it was at £17, nor did I sell when Pfizer offered £44. Nor will I sell it in the foreseeable. Terry Smith's advice appeals to me - buy good shares at a reasonable price and then do nothing. As far as S4 goes, I feel confident that I shall be vindicated in a few years. GLA.
I think I read somewhere recently that the results will be published on 14th September. I would have thought it unlikely, though, that they will make a huge difference to the SP in view of the profit warning in the recent RNS. Further, as has been said already, best trading time for S4 is the second half of the year, so I'm not expecting any major boost to the SP for a good while yet. I do still think this is a good time to buy nonetheless, if you intend to be a LTH.
Manunited31 & Splunge Gasket,Thank-you both for your kindly posts. I do really understand the unease people sometimes feel upon reading posts on any board - I do too. I have been in this game for a good many years now and have taken some hits in my time, a sobering experience indeed. In the end, we LTH's all have to rely on our own judgement as our only real lodestar. All I would add to what I wrote earlier is that nobody, absolutely nobody, should bet the farm on any one stock. I know it seems an obvious precautoon, but some do. Good luck, All.
Sorry, I missed your question as I have been away for a while. I have not sold a single share in S4 Cap since I bought them a good while back, nor do I intend to sell in the foreseesble future. I think that both ramping and de-ramping are disingenuous practices and I would never, ever set out to deceive my fellow shareholders. And yes, I am sitting on a paper loss just now largely attributable to the recent profit-warning RNS but I have been around for too long in this game to hit the panic button. I am invested elsewhere too, as you might expect, and only sell when I think the case for doing so is overwhelming. I understand the current anxiety about this share but I remain a LTH because I think this share will come good in time. That is my judgement based on several criteria and I adhere to it without misgivings. Others must, of course, reach their own conclusions but in view of the anxiety I have apparently caused you, which I regret, I shall not be posting further on this board.
Even with good results in September, I do not expect much of a rise in the share price following the recent profit warning. I suspect SMS and his team are beavering away now, trying to find more "whoppertunities." I do not buy the doomster case here. I think some very clever people with good established businesses jumped on board S4 because they were capable of taking the long view. All thst said, I suppose there is a likelihood that growth will be sluggish for a while yet so if you are likely to need your money back soon, this might not be the share for you just now.
I strongly agree, NigeCo. Time for cool heads.
I rather fancy SMS knows what he is doing. He has so many shares here that he could buy himself a Van Goch any time he felt like it. The recent purchases by other directors of 10,000 shares each woukd be chickenfeed to him. True, the value of his shares has fallen of a cliff, but I don't see any sign of panic selling from him. Investing is best treated as a long game IMHO. Buy good stocks, don't panic but keep your nerve and sit back and wait for the boat to come in. Good luck all. Maybe we'll talk again in 2025 when this stock hits double figures. I have seen all this before, many, many times.
I think we just have to sit this downturn out. I believe this will be a huge winner, given time.
we have to recognise the impact of this current recession on S4's business customers. I am betting that by 2025 this share will be worth 4-5 times its current value. "Buy when there is blood in the streets" said someone or other from Omaha.
I think your last post goes some way towards explaining the stagnating price. Some big purchases though.