Share tips thread (Vol 2)

[bogie]

Hobo said:

I know a few people.on here have interest in Sirius Minerals (SXX).

The PM hinted earlier this week that it will be backing the project, and Sirius also today confirmed funding will all be in place by the end of this month, so hoping for a share price heading north soon.

It's currently around 22p, having been up to around 45p in the past (2016) when it wasn't fully procured and fully funded.

Yes, ive been a Sirius investor for over 5 years now, and made a few quid on the ups and downs over the years and now waiting patiently. I saw the news re the PM mention it, so its all good. Hopefully the government will underwrite some of the stage 2 funding. The more the better.

When SXX is in production the stock price could be £1.50, £2, whatever ...its just how much it gets diluted along the way by the way its funded....

[GreigR]

Looking for some advice, last Thursday the Flybe shares were 16p per share, yesterday they dropped to 1p as the takeover by Virgin was announced. I assume it's not a good idea to buy any?

[Hobo]

GreigR said:

Looking for some advice, last Thursday the Flybe shares were 16p per share, yesterday they dropped to 1p as the takeover by Virgin was announced. I assume it's not a good idea to buy any?

At 1p it was, as is now 2.5p. Whether 2.5p is a good buy is anyones guess, but there is certainly a lot of people making good money out of the uncertainties surrounding the company.

[K12beano]

Wanted to have my CAKE and eat it.

Bit sobering that a company apparently in a good position has managed to fool so many shareholders - didn’t have my life savings in it, but loss of that little sliver makes you wonder about other apparently strong businesses.

[EarlOfHazard]

Hobo said:

GreigR said:

Looking for some advice, last Thursday the Flybe shares were 16p per share, yesterday they dropped to 1p as the takeover by Virgin was announced. I assume it's not a good idea to buy any?

At 1p it was, as is now 2.5p. Whether 2.5p is a good buy is anyones guess, but there is certainly a lot of people making good money out of the uncertainties surrounding the company.

At 4.025p now!

[FredClogs]

K12beano said:

Wanted to have my CAKE and eat it.

Bit sobering that a company apparently in a good position has managed to fool so many shareholders - didn’t have my life savings in it, but loss of that little sliver makes you wonder about other apparently strong businesses.

I think the auditors have a lot of questions to answer. Will anyone go to jail of this? seems to have been pure fraud on a massive scale.

[Kingdom35]

Well i invested in MySq and Bellzone Mining so I feel your pain....both dead ducks.

[Hobo]

EarlOfHazard said:

At 4.025p now!

Make that 5p.

So seemingly 1p was a great purcase price, 2.5p would have also been very good. The question now is whether 5p is also a good price ???

[Chamon_Lee]

bogie said:

Hobo said:

I know a few people.on here have interest in Sirius Minerals (SXX).

The PM hinted earlier this week that it will be backing the project, and Sirius also today confirmed funding will all be in place by the end of this month, so hoping for a share price heading north soon.

It's currently around 22p, having been up to around 45p in the past (2016) when it wasn't fully procured and fully funded.

Yes, ive been a Sirius investor for over 5 years now, and made a few quid on the ups and downs over the years and now waiting patiently. I saw the news re the PM mention it, so its all good. Hopefully the government will underwrite some of the stage 2 funding. The more the better.

When SXX is in production the stock price could be £1.50, £2, whatever ...its just how much it gets diluted along the way by the way its funded....

Do you honestly believe it could go as high as that?

[supercommuter]

Hobo said:

EarlOfHazard said:

At 4.025p now!

Make that 5p.

So seemingly 1p was a great purcase price, 2.5p would have also been very good. The question now is whether 5p is also a good price ???

It is getting bought out for 1p tho?

[bogie]

Chamon_Lee said:

bogie said:

Hobo said:

I know a few people.on here have interest in Sirius Minerals (SXX).

The PM hinted earlier this week that it will be backing the project, and Sirius also today confirmed funding will all be in place by the end of this month, so hoping for a share price heading north soon.

It's currently around 22p, having been up to around 45p in the past (2016) when it wasn't fully procured and fully funded.

Yes, ive been a Sirius investor for over 5 years now, and made a few quid on the ups and downs over the years and now waiting patiently. I saw the news re the PM mention it, so its all good. Hopefully the government will underwrite some of the stage 2 funding. The more the better.

When SXX is in production the stock price could be £1.50, £2, whatever ...its just how much it gets diluted along the way by the way its funded....

Do you honestly believe it could go as high as that?

Yep .....some models have it £4-5 within 10 years of production say 2030. Lots depends on how they finance, how much dilution of shares occurs, and how long you are prepared to wait. They dont go into production for 2-3 years yet. As soon as they secure stage 2 financing the stock price should re-rate....that is the big question hanging over it right now and why there is all the caution. The stock price could take a dive from more dilution, or it may go back to 40 or 50p this year with financing secured .....

lots of share chat on the LSE forums http://www.lse.co.uk/ShareChat.asp?ShareTicker=SXX

[HarryW]

EarlOfHazard said:

Hobo said:

GreigR said:

Looking for some advice, last Thursday the Flybe shares were 16p per share, yesterday they dropped to 1p as the takeover by Virgin was announced. I assume it's not a good idea to buy any?

At 1p it was, as is now 2.5p. Whether 2.5p is a good buy is anyones guess, but there is certainly a lot of people making good money out of the uncertainties surrounding the company.

At 4.025p now!

Well over 5p now.

it's official I really don't know what's going on, currently there is cash bid of 1p on the table recommended by the BOD. In the meantime the BOD have effectively reduced the company to little more than a cash shell.....

Anyone care to explain?

[GliderRider]

Is anyone else in AB Dynamics (ADBP)?

Up over 11% today. They make automated test equipment for the car industry which seems to be selling like hot cakes. Its not obvious what the reason for this spike is on an otherwise gloomy day.

[smithyithy]

Does anyone have shares in Kier?

I hadn't dabbled in shares before but as I work for Kier I'd been following the share price (fall) for a while and decided to buy-in when it dropped to the lowest point around the time of the Rights Issue in December..

I'd not bothered with the employee share programs where you're kinda tied-in for a while, so I bought a chunk via an ISA at 3.85 which was pretty much the lowest point, and it's climbed back to around 5.25 over the past month or so so I'm up about 23% at the mo..

Still all a bit uncertain at the moment as the CEO has just gone.. Would be nice if the price climbed back to the £14 it was a year or so ago

[Chamon_Lee]

bogie said:

Chamon_Lee said:

bogie said:

Hobo said:

I know a few people.on here have interest in Sirius Minerals (SXX).

The PM hinted earlier this week that it will be backing the project, and Sirius also today confirmed funding will all be in place by the end of this month, so hoping for a share price heading north soon.

It's currently around 22p, having been up to around 45p in the past (2016) when it wasn't fully procured and fully funded.

Yes, ive been a Sirius investor for over 5 years now, and made a few quid on the ups and downs over the years and now waiting patiently. I saw the news re the PM mention it, so its all good. Hopefully the government will underwrite some of the stage 2 funding. The more the better.

When SXX is in production the stock price could be £1.50, £2, whatever ...its just how much it gets diluted along the way by the way its funded....

Do you honestly believe it could go as high as that?

Yep .....some models have it £4-5 within 10 years of production say 2030. Lots depends on how they finance, how much dilution of shares occurs, and how long you are prepared to wait. They dont go into production for 2-3 years yet. As soon as they secure stage 2 financing the stock price should re-rate....that is the big question hanging over it right now and why there is all the caution. The stock price could take a dive from more dilution, or it may go back to 40 or 50p this year with financing secured .....

lots of share chat on the LSE forums http://www.lse.co.uk/ShareChat.asp?ShareTicker=SXX

certainly is a lot of discussion going on and a very interesting prospect. Will look into it further.

[n3il123]

smithyithy said:

Does anyone have shares in Kier?

I hadn't dabbled in shares before but as I work for Kier I'd been following the share price (fall) for a while and decided to buy-in when it dropped to the lowest point around the time of the Rights Issue in December..

I'd not bothered with the employee share programs where you're kinda tied-in for a while, so I bought a chunk via an ISA at 3.85 which was pretty much the lowest point, and it's climbed back to around 5.25 over the past month or so so I'm up about 23% at the mo..

Still all a bit uncertain at the moment as the CEO has just gone.. Would be nice if the price climbed back to the £14 it was a year or so ago

I did exactly the same.

I wouldn't be surprised to see the CFO go next and then I would be expecting to see a reasonable amount of shake up within the organisation.

[smithyithy]

n3il123 said:

I did exactly the same.

I wouldn't be surprised to see the CFO go next and then I would be expecting to see a reasonable amount of shake up within the organisation.

Yeah I've read on a few sources that the CFO could be next out, or that the new CEO might want to hire a replacement..

Will wait and see, the announcement of his departure doesn't seem to have hit the share price so I'm happy to hold on for a while, I think I bought at the right time as I was only looking for short term gains really, more of a punt than anything..

[EarlOfHazard]

HarryW said:

EarlOfHazard said:

Hobo said:

GreigR said:

Looking for some advice, last Thursday the Flybe shares were 16p per share, yesterday they dropped to 1p as the takeover by Virgin was announced. I assume it's not a good idea to buy any?

At 1p it was, as is now 2.5p. Whether 2.5p is a good buy is anyones guess, but there is certainly a lot of people making good money out of the uncertainties surrounding the company.

At 4.025p now!

Well over 5p now.

it's official I really don't know what's going on, currently there is cash bid of 1p on the table recommended by the BOD. In the meantime the BOD have effectively reduced the company to little more than a cash shell.....

Anyone care to explain?

Over 6p now! Does one jump in though? Back up to 17p by the end of the month?

[Tim330]

EarlOfHazard said:

Over 6p now! Does one jump in though? Back up to 17p by the end of the month?

Risky. I went in at 4.5p this morning then out before lunch at 5.5p having done no research. I was only playing with a days wages though so not too worried!

[Skyedriver]

Tim330 said:

Risky. I went in at 4.5p this morning then out before lunch at 5.5p having done no research. I was only playing with a days wages though so not too worried!

Bought in twice on the day of the drop (aound 4.0& 2.5 ish sold same day at a little over 4.0 before it dropped again.
Had a smug feeling all evening. Should have held tight though

Bought IG on the drop and back up again which balaces out my MTFB and PHE droppers of the day.