Re: third time lucky? OK, I've just put a limit order in below 292, just in case we have a panic, I wouldn't mind picking up a few more at a greater discount.At 292 good price, if your in a rush/keen whatever, as I've got a full position, below 292 would works for me. ....Ive reached 5% of my portfolio and that's my usual limit.DL
Re: SLOWING LOSING THE WILL TO LIVE glasgowboyI echo some of the other sentiments here and think circa 293 (as I type) would be a good level to buy another tranche to average down, if you can. Whatever you do, don't sell near the bottom, which IMHO I think might be more or less where we are now.Good luck.Bill
Re: Bought in I think u brave ookie..not the right time of year..but u might get lucky for a few weeks..<<<shame u didnt taketheadvice and BANK profits ookiiee??
Re: SLOWING LOSING THE WILL TO LIVE It doesn't happen all that often, but I find myself in agreement with LG on this one, at the moment. Depending on how much of your overall portfolio you've got here, maybe think twice before doubling up, but assuming you have kept some powder dry, I'd certainly consider averaging down, keeping more powder dry, just in case we're not BANG ON picking the bottom!Good luck all and remember to be brave when others are scared etc etc. There's not much out there that looks like it's trading at bargain prices, but IMHO this sector is getting interesting...
Re: third time lucky? Might take another bite...292, feels like good buy point.DL
Re: SLOWING LOSING THE WILL TO LIVE just DOUBLE UP...In pain?
Re: SLOWING LOSING THE WILL TO LIVE just DOUBLE UP...(if u can)...
SLOWING LOSING THE WILL TO LIVE Bought this about 5 years ago (great timing !!) beginning to lose patience and have suffered major losses looking for reasons to keep the faith please someone HELP!!
Re: Bought in DL'Don't think you are being negative at all. But such a discount to NAV is based on sentiment and sentiment alone. If the sp can stumble along without falling further, and if the div can be maintained at current levels, then this has got to be a great investment for ISA and Pension funds.
Re: Bought in Major resource companies such as Shell and BHP are now on over 6% yield and yet may still be able to increase dividends. Once the large beasts slip to such levels it suggests to me we're near the bottom. They are highly unlikely to cut payments and they're highly unlikely to slip out to 7,8,9% yield.
Re: Bought in I agree that if you had bought five years ago then this would not have been a great investment. But looking at a chart I see this at (or very near) the bottom. Might be wrong of course but I'm happy to put my money where my mouth is hence bought an initial tranche.
Re: Bought in This has been my worst investment by a mile within the last 5 years. Although I am tempted to buy more to average down I fear no end is in sight to its decline. Miners are generally out of favour and can not see a way out with both China and India slowing down. I see even lower SP levels going forward. The only respite may come if there is a Greek agreement but it would only be short lived. I know I am being very negative but IMHO the facts point to even more pain in the short to medium time frame.
Re: Bought in Bought my first tranche of these earlier today @ ~ 290. Nice discount to NAV on offer and the 7.2% yield should support the sp.
Re: Bought in if the us economy picks up strongly and Asia demand is strong for basic resources then we could see a rebound. I'm waiting to see what the next few weeks bring - sitting on a nice 10% gain which could be used elsewhere.
Re: Bought in 3.75% profit at week's end, to be exact. And I know that major finance houses are buying components such as RTZ and BHPB. All mining companies follow a cycle. I hope I have bought towards the bottom. BRWM hold all the major mining companies, plus Glencore who trade as well. Looks good value to me. But only time will tell.