xstar
22 Jul 2015
Re: waiting for an upswing.. ...but realistically/optimistically (?) expecting/hoping(?) for north of 350p within 2 years...to give +12.5%,rather than - 12.5% as at present for me in this share in my ISA...+6-10% extra from dividends , so up 20%in total would be ok with me.I do feel for those holding from a few years ago...in the past I have bought and sold in the 6,5 , 4 and 3 hundred pence times and feel lucky to not be sitting on a 30-50% loss and much bigger money down.Hope it flies back up,obviously.
xstar
22 Jul 2015
Re: waiting for an upswing.. .... the market has spoken...still waiting for an upswing...
Fabius1
22 Jul 2015
Re: Is the dividend... BSDeflation. We already have it but the concern is if it gathers momentum and that means hunker down time and definitely not good for this sector, or any for that matter.F1
Blanketstacker
22 Jul 2015
Is the dividend... ...here sustainable at anywhere near the current level? If so, this seems a very good one to buy and tuck away for the future. Yield is almost 6%, and there is a discount to NAV of around 15%. Opinions here seem too positive to me, so where are the nay sayers please?
rugosaplants
21 Jul 2015
Re: sitting on the edge......... I like all these positive comments, and that people are actually buying this stock. It is part of my pension plan for its outstanding yield, with the belief that, within the next year or two (or six) it will take off. BUT, have something safe as well, like Henderson High Income, which is my benchmark against which all others are measured. Its yield isn't bad and goes up every year.
fortycentsworth
21 Jul 2015
Re: sitting on the edge......... 40 considers that if it's good enough for the fed to raise rates soon enough then surely there is enough substance to assume commodities have reached or are close to some sort of basing out. Otherwise, a raising fed will be destroying any growth prospects out there regardless of returning money to some sort of recognised normality. imho cross fx rates are supportive of miners and oilies with no serious extremes out there that could do some nasty damage to those with hedges or no hedges. imo it's time to start accumulating the serious companies ready for the next few years. Or such a fund as this one for diversified exposure. I'm not expecting to see the lofty valuations of the past years for a long time to come but the levels out there now surely have little downside left. be good,40.
devonplay
21 Jul 2015
Re: sitting on the edge......... Good luck with it JD.I managed to get out of the rat race at 42 myself. Luck or judgement? I'm not sure, but I bought my first stock at 17 (still own it), so I must have been fairly switched on at some point. Not any longer!I might add more BRWM over the next week or even open a position in CYN.My game plan was to add a slug more of PEY, CLDN and HFEL to my ISA or look for VCT's in secondhand market over the summer. - or both, God and HMRC willing.Next year, I think its about time I started trading, as an alternative to always risk on equity long, and allow my portfolio to mature. Never thought I'd say this, but hello IG. I have a feeling that's going to give me more than a few sleepless nights.GL with it,DL(and don't forget income plays a big party in total return and stockbrokers charges just eat it all away)
jd1980
21 Jul 2015
Re: sitting on the edge......... Good comment on the Investments v pension set up. Unfortunately ( like many people) my fund is too small to retire on (projected) so I've decided to go high risk on everything & wait 10 years+ and hope / crossed fingers etc that the higher risk works out.Anyway - I've clearly got the Midas touch - one posting & the funds is up!
devonplay
21 Jul 2015
Re: sitting on the edge......... Jd, my investment portfolio take risks, emerging markets, bombed out companies, the unpopular, commodities, east asia and the banks.my pension, solid and dull stuff...just in case. August, with thin markets, and potentially more Greece news might throw up bargains and ease your risk/reward ratio.I'm sitting on my hands until at least 6th August.When I need some excitement I hunt our very small private companies that are looking for money, but only to the extent that I don't have to sell anything listed to fund them.5 high risk investment in my pension would worry me, but it does sort of depend on what % that represents.DL
sidelines
21 Jul 2015
Re: sitting on the edge......... ''Perceived and actual risk are inversely correlated.' Dont know what that means but it is something to do with if you were to run across the M1 you would be hyper aware of where the traffic was so you would not get hit. In truth BRWM ought to be ultra low risk as it yieds a lot has a big discount and is sitting on multi year lows. Because everyone in it is feeling massive pain it feels as if the end of the earth is about to happen. This is bad news for everyone but I am just about to buy a few more. see you all at 250. Oh yes of course it is a good idea to buy some here. Do however consider putting some of your money into something quite simple and conventional that represents a good long term growth outlook. Bankers Trust?
jd1980
21 Jul 2015
sitting on the edge......... Hi All, newbie to the boards so apologies if i'm boring / repeating old threads. I've recently moved my pension into an iii SIPP so am currently sitting on a decent amount of cash.My initial investments have been in 2 frontier funds and 2 LatAm all Investment trusts. Both are happily losing money - so i've already proved i'm rubbish at this. Anyway - into the miners or sit and hold the cash. From a fresh viewpoint the discount / yield look attractive and i agree with many comment - sooner or later the sector will regain favour.............. but when?So, in summary do i make a 5th high risk investment now............ or wait a few months
Carefully Does It
16 Jul 2015
Re: sidelines Those actions are common.Try not to knock yourself out.Everyone in the market has done something along those lines at least once in the past, or will. Few admit their mistakes and those that don't do it also have perfect kids and marriages to die for.
sidelines
16 Jul 2015
Re: sidelines I appreciated all your comments yesterday and thought I would amuse you all by my own horror show. A long time ago now I alighted on this share when mining shares were heading for the stars. I was reasonably sensible as I accumulated a large position and did indeed make quite a lot of money. I even sold my holding within reasonable distance of the top. What happened afterwards is a joke. The things fell to 6 quid and I thought now is my chance and bought some shares back-UGH at £4:50 'averaging down' was of course the only thing to do then came the London mining fiasco! At the outset I sold all my shares wrote a letter to the chairman telling him his fortune. The shares fell to 3:25 or so and I decided to bury all my prejudices because after all 'this is a quality group of assets selling at a decent yield". A nifty average down at 293. (that even looked clever for a day or two) and now look. I have been trying to remember all the old adages of investing that might suit this debacle but other than the fine contribution of 'its never a loss until you finally sell' I am short on ideas. I even found my self persuading my son the other evening that BRWM was a good bet for his fledgling pension fund. (desperate measures methinks). I think we all need to do what most of us always talk about but , in my case anyway, take the 5 year view, gulp will I still be around? I do promise however that if I do panic out I will declare the same because if I do you should all be planning your new luxury yacht. Good luck to you all. I have marked the thing a strong sell in the pathetic hope it might have some influence ha ha!
Hardboy
15 Jul 2015
Re: sidelines "I have lost money" You've not lost any money till you sell your holdings. Before that, it's just a paper loss. I'm like the rest of you - we all expect an upswing at some time - let's face it the world needs what is mined - metals, coal, uranium etc. So not all the mining companies will go bust, and so this company will not go bust (unless they manage to do a few more London Minings.) At some stage it WILL turn round. However none of us know when. In the mean time they are still paying a good dividend, though whether that continues at the current level may be open to question. My view is sit still, continue to hold, wait for the upswing and keep pocketing the dividends. Maybe the perfect investor would sell & find an investment offering better shorter term returns, but as has been said, it would be a sickener to sell then watch the rally from sidelines.
glasgowboy
15 Jul 2015
sidelines like you I have lost money , currently 52% (what a mug !!) I should have sold long ago I guess I am waiting to try and recoup some of the losses however I do like your thinking of buying monthly ( on the basis cant go any lower ) top ups might help me feel better .
