Re: Buy Buy BUY Odd trading .Buy at 36 then 35p .This must be going upwards very very soon. And May
Re: Odd trading indeed Let`s hope the new guys are better at making money than the old scoundrels here before . And May
I was right again Still nothing from Barclays. Again. Considering they are, as I understand, the largest retail brokers, it's appalling that this happens so often when there's a rights issue. I've already phoned them once and even had to contact Chris because Barclays claimed never to have heard of the SGZ rights issue. But still nothing yet.
wres
SCSW Comment from the April 15 issue - a useful reminder and it will be interesting to see how accurate the forecasts are. In my view we will see these beaten.... Current trading described as very strong All told, SafeCharge has already described its current year trading as very strong. For the year to end December, sales were up 78% to US$76.9m and it recorded a pretax profit of US$29.6m. Earnings per share were up from 5.9 cents to 14.5 cents.For the next two years, Numis forecasts double digit profit and earnings per share growth with US$29.6m pretax/eps 17.3 cents this year climbing to US$35.8m/20.9 cents next year. The cash pile stood at US$145m (before buying 3V) and this will support Avgis plans for a move into Asia, a key target for SafeCharge. Only a small proportion of revenue is currently generated in Asia (none from gambling) but given the army of addicted gamblers, such a move could follow Optimals shares into orbit. Buy.
Re: Results due Still here. Happy to hold. This is quite a 'news lite' stock, however. There's also not a lot of comment on it anywhere from my research which could be a real positive if they continue to deliver the goods and awareness of SCH in the market grows. Wednesday should be interesting.
£1 haha told ya Consolidation not good imoOnly eleven out of 56 companies had a higher share price one month after consolidation [link]
Harriet's next gig IBM. Truly a dinosaur of tech companies. Didn't see that coming. [link]
Re: KnobPark Update [link] wouldn't catch me putting 1 penny into Quob Park that's for sure.My opinion.Own due diligence
Re: First look Would you like to expand? So far this year they have held a floor at around 380. Twice in fact. I don't dispute that there are big structural problems with the oil price so low but even in 2009 thry held around 340.
Is the Tiger about to roar?
Re: Forthcoming drill Should be an update on the drill this week or next, initial samples showed as much as 4kg/tonne - immense!
Share price Misery extended to 21 years!
cattleman, where do you see the stock in a few years?
Alberto may be right [link] the copper price supply cut rally last?Frik Els | September 11, 2015In New York trade on Friday copper for delivery in December consolidated recent gains jumping to a nearly 8-week high of $2.4645 per pound or around $5,430 a tonne for a 6.5% rise during the holiday shortened week.The red metal has recovered strongly from six-year lows struck late August, but remains down 13% year to date after a 16% fall in 2014.The latest rally was inspired by the announcement of steep production cuts by Glencore (LON:GLEN), the world's number four producer of the metal.Glencore's move followed news that US-based Freeport-McMoRan (NYSE:FCX) which vies with Codelco as the world number one copper miner in terms of output, is cutting in half output at is El Abra mine in Chile and idling two US mines. Freeport also predicted lower output at its giant Grasberg mine in Indonesia. Market conditions in China is already tightening as evidenced by the recent surge in copper premiums for physical delivery inside the countryFor its part Chile's state-owned Codelco has vowed to "cut costs to the bone" and delayed several expansion projects including going underground at Chuquicamata and pushing back expansion of the Andina complex by two years.A new study by Capital Economics asks whether these cuts will be enough to change fundamentals in the industry and sustain the upward momentum in the copper price.The short answer is yes. That's mainly because the London-based independent research house believes mine supply will only grow by an anaemic 1.7% this year before contracting next year. That's very much at the low end of forecasts."Lower copper mine and refined output can only exacerbate what is already a relatively tight market, at least compared to some other metals. While copper stocks have been rising for much of this year, they remain low in a historical context," says the author of the report Caroline Bain.Inventories at LME Warehouses still only account for just over 2 weeks of annual usage according to Capital Economics' 2015 demand estimates and coincides with a sharp slowdown in refined copper production growth from 6% to 3% during the first five months of the year.Will copper price supply cut rally last?Given the fact that many of the proposed closures are at SX-EW operations, supply growth in the refined market could be dampened further.On the demand side that should close the gap between concentrate and refined imports from China, which consumes more than 45% of the world's copper supply.China's August imports of concentrate surged nearly 20% from a year ago and 18.6% from the previous monthChinese customs data for August showed while imports of refined and semi-finished copper products were flat imports of concentrate surged nearly 20% from a year ago and 18.6% from July. Year to date concentrate imports are up 12% to 8.12 million tonnes, while refined copper imports are down 8%.Market conditions in China is already tightening as evidenced by the recent surge in copper premiums for physical delivery inside the country.Capital Economics is sticking to its end-2015 forecast for copper of $6,250 per tonne ($2.80 a pound) although it admits it "looks a bit of a stretch".But if the estimate does not pan out, suppliers won't be to blame: "The main risk to this forecast is that demand fails to pick up in the final quarter of this year," says Bain.
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