Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The debate isn't the peak but how long they are held for. If they stop now and hold through 50% period of 2023 it will do grinding work suppressing demand. No quick bounce back, any rally a selling opportunity for a while.
You are missing the point. It's all down to liquidity that is draining out of the market and the longer duration types like GROW get hit. The portfolio isn't it. Manna will be a dud to scale though. Perhaps it will have some useful scheduling software or "load swap" IP.
The easy to sell liquid stuff goes up in yield as its sold down and money is sucked out if the likes of GROW into yielding shares with nearer term recovery potential.
Likely to see bottom in 3-4 weeks. I'm expecting a breakage in the US markets in that timeframe and something like a capitulation event that washes up on UK shores too.
The issue is Bailey gave a 3 day window in which to raise liquidity and that can mean selling to raise cash. When an asset is sold (possibly illiquid and similar to a long dated holding) the price obviously falls and if that asset is someone else's collateral........
Sounds like BoE dropped a clanger this afternoon in Washington. Telling everyone their intervention is temporary and funds impacted have 3 days to sort themselves out. Equivalent to liquefy.
Tomorrow may be interesting if I've understood what he said.
US centric but informative. Lots heading to the scrapheap.
B) ZOMBIE Companies! How Many Are There & What Threat Do They Pose To Markets? | David Trainer
Manna likely one of them. Notice a few of the names and looknat EU equivalents.
Worst not over.
If you have time, watch youtube :
A) UnderTheLens - 09 21 22 - OCTOBER - GLOBAL ECONOMIC PROBLEMS China, Japan & EU
B)
Plenty of places drones don't make any sense.
Swathes of US urban areas they are a great for shooting practice.
Other places defining "corridors" that limit access.
Others limiting drone weight that means payload and run-time a problem.
Add access issues, flying low over gardens/houses etc.
Fuel cells for 1hr plus flight time, in right environment, = expensive, otherwise need very many "ports" as range is limited and quick battery swap needed.
Lastly, first one that injures anyone and you have a real problem.
We are likley to be surprised where this bottom as liquidity is drying up and others are starting to look attractivw as future growth + decent yield. The current period is unprecendented in recent years and the damage will take a while to recover as the entire market is re-aligning. It's on multiple levels including the US-China spat.
Wanting to see he bottom in hindsight is down to reward/risk. A slightly lower return at much reduced risk is no bad thing, especially in the next year or 2.
Would much prefer to see the bottom in hindsight then buy rather than predict it. This mess is not over yet.
Mr Fibbles, sage - GROW is in the same basket as a few others and people looking at the basket are pricing is "the great die-off". A term used multiple time recently as a wave of closures and dowbsizing expected in start-up land.
Its hardly started yet and no matter how good the portfolio GROW are in the basket and marked down just the same.
It will recover but saying we have bottomed yet may well prove premature.
Gettingthere, I think I post 350p a while back. Now, I'm expecting a further flush down and we could be very surprised by where the bottom sits - lower still. After, a period of consolidation, then recovery.
I really do believe we will be shocked where price goes to before this is over. Partly due to the attractiveness other assets will have that are paying a decent divi, money will go there and out of the long duration end that doesn't yield. Just my thoughts and freely given so worth what you paid for them.
All these type of companies are similar to long duration assets. All are, and will remain, under the kosh for the foreseeable future. Trade them but don't fall in love.
Any "concrete" reasons for this weakness.
Pun intended.
Trying to call the bottom is very hard as it become even worse to a truly ridiculous level.
I held Grow and made an excellent return, hope to again, but id I said what I could see as the bottom you wouldn't believe me.
Sage, its illiquidity of the under lying holdings.
The value of liquidity increases as markets turn down. The flip side is the cost of illiquidity rises.
That is what we are seeing here.
Illiquidity is of the holdings. They are illiquud assets. Cash can be valued at cash, or below, if thought needed to support an illiquid asset going forward. An illiquid asset, the value of which, is not entirely transparent no matter what method GROW use to value it.
There are better options and will be more so soon as this droop in the wider market continues.
Its still a sell.
Waterfall event probably no further than 6 months off and yields > 5% will be available in many areas (possibly 7%+) and in companies that can offer growth too. Get the message. GROW is great but not great enough for this period. Its going down for good reason and possibly for many, many months.
Forget downrounds, it's illiquidity that kills when the rest of the world is heading to becoming cheaper in equity prices and will be paying decent dividends. Clever money doesn't want to be here, better liquid waiting for the waterfall event.