Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The ASOS comparison is very important here. Low of £10 Covid time (late March) compared to now £41, which is approx 35% premium to pre Covid price. Boo low of c£1.30 late March. ASOS was hit a bit harder during Covid to be fair, but all of this indicates a Boo price potential of £4.50 plus if the supply chain review comes back ok, which we’re all optimistic about (seems to be a win-win: is either fine, or problems but these are sorted out and the ESG funds flow in)
I would buy more but don’t want to be over exposed given current large share of portfolio... will leave some profit for others!
The good weather will get the buys flowing in too.
Agreee re nice surprise today. It has a feeling of markets stabilising - if it can find support today I think we may see some recovery.
This week’s drop was all driven through fears of a second wave and a lack of stimulus if that does come about. Imo there won’t be lockdowns again, especially in America with the election coming up, and I’m also not convinced of a second wave in summer. Therefore, as much as it would have been nice to have sold last week and buy back in today, I’ll be holding till £4 still.
Hoping for 155 by Friday
My original price target to sell was £3.50 but this has momentum to push through the £4 barrier. Tui was a little different, getting the 2 big day rises and then the retrace.
Now looking at a sale c£4-4.50 range.
Stuart - glad this came good for you... has been enjoyable watching this rise from 1.70 when the likes of 80p and 99p were around, pretty sure you had a big old holding too at £2!
Agreed re oil undervalued. Only sectors I could find at significantly low prices at the start of last month were oil, banks and travel.
I was in at 9.60, sold at 11.80, and now back in at 12.80. Target price £20+ over next 2 years. Gla ride the wave
Yes this damages markets. But trump thrives off a high stock market, so he’ll make sure it goes higher. It’s therefore a no brainier that this will drive upwards long-term.
Hereshopin- well done to you too. Almost seems crazy these were so cheap only a few days ago.
Pre- Covid average tui price was around £8, so I will probably be out around £6 for a double return. How about you?