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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Anglo Asian Mining Plc | AAZ | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 7.00 | 10.45% | 74.00 | 16:35:16 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 68.50 | 68.50 | 72.00 | 74.00 | 67.00 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
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Posted at 06/5/2024 10:46 by affc21 Morning all,Here's an investor event that maybe up your street Pogue, CTL will be attending (I myself will probably be watching in the virtual world):Investors are able to join us in person at the London Stock Exchange in the heart of the City of London or watch presentations virtuallyhttps://uki |
Posted at 29/4/2024 14:43 by riggerbeautz Cmb thanks, it’s really a no drama play isn’t it, may lose some profit if I get too greedy which just catching up with Mattjos post 65104, the reason Bumpa excels is discipline.Long time ago I realised Bumpa and an old friend knew the way to trade smart, like someone else I took lessons off, I realised there are many ways to play a market, be as a trader or investor. Thing is, in a bear market, you got to largely sit out or watch profits evaporate as an investor or have nigh on endless funds you don’t need as a private investor. So Bumpa plays a different game to me, does it real well in the main. I’m just looking for odd trades that seem opportunities but not really investments, so I’m still trading different time frames to the likes of Bumpa. |
Posted at 21/4/2024 18:15 by wanobi the chart is showing investor sentiment cmb, it cannot predict future facts,, only what current investors think might happen,,, so, yes, on that basis investors think the TD permission will come and come soon!!! BUT,, if the President sticks his ore in, the chart will just show how wrong we all are.,..... hope not, cheers Wan :-) |
Posted at 19/4/2024 17:44 by wanobi from the header....It’s NOT your thinking that will make you big money, it’s sitting on your hands. Experience is the ultimate key to be a successful investor. When it's raining gold, put out the bucket not the thimble. Trust yourself to be a successful investor. "The whole secret of investment is to find places where it’s safe and wise to non-diversify. It’s just that simple. Diversification is for the know-nothing investor; it’s not for the professional." - Charlie Munger for the 'all in's' amongst us :-) :-) fingers crossed, we shall see :-) :-) Cheers Wan :-) |
Posted at 18/4/2024 15:07 by pogue The next milestones at CTL (kindly posted on the CTL board so I will use this for my views on the inflection points)1. Operating output data of the Pilot Plant (April). 1a. DLE process analysis results and is it to battery grade Li +99.5% with low impurities (mid May). 2. Listing on the ASX (with small raise) in May. 3. Latest LV Drill results (July) 4. Granting of CEOL (development permit) process July onwards. With initial announcement/naming of which Salar's will be eligible to be developed, and granting of CEOL in due course. 5. PFS 6. Offtake discussions (after PFS issued) by end of this year. 7. Environmental Impact Assessment (EIA) by end of this year. 8. DFS by mid 2025. My views.. 2. Is going to be interesting, to list on the AXL you need to increase the number of Aussy investors to 200 so a dilution (fund raise) will be needed to create the shares to sell to the new investors. This might move the share down initially however the ASX listing should increase the number of buyers who understand mining and will hopefully see this as a bargain at current levels and drive the price up. AXL has many mining shares on it hence more knowledgeable mining investors. The AXL listing was supposed to happen last year but there is a massive shortage of employees at it to approve listings hence delay. 4. Granting of the CEOL is basically approval of the mine to go ahead by the government. Everyone assumes the mine will be approved but having this bit of paper means you can guarantee it subject to point 6 and gives investors confidence. 6. Offtake agreements for the funding, once that is in place it will rocket as you then have approval and the cash to make the mine. They are claiming end of year for discussions to start, they have some companies under NDA just now, which might happen but I am not betting on it starting then however clearly actual agreement will not be until next year. Meanwhile off course the share is creeping up now the shares loaned out by the CEO issue is buried and gives a good reason for the share sales since he stupidly loaned them out late last year. All in my opinion this post is for fun not advice. I hold shares in this company. This is not a recommendation to buy. |
Posted at 03/4/2024 10:11 by 2cmb Very good post 2SP. Well researched and very well analysed.Some need educating on their investment strategies. Why bother posting on a BB when this person holds no shares in the Co ? Perhaps suffering with a superiority complex or too much time on their hands ?? I have much better things to do with my time than gloat at a bit of misfortune for the investors through no fault of the Co or it's investors. Did anyone see this TD problem coming ?? It is our money and I don't think we need advice as to how we should invest it. GLA genuine holders. ATB. |
Posted at 21/3/2024 18:36 by wanobi I think it worth posting again pogue,,, and many thanx to you for it, Cheers Wan :-)Empire Metals: an alternative perspective by Charles Archer Published: March 18, 2024 - Updated: March 18, 2024 Empire Metals rocketed last year after increasingly assured Pitfield announcements. But the sell-off thereafter may be justified. 2023 was not kind to the junior resource sector. But a handful of companies managed to buck the trend — with Empire Metals shares rising sharply from under 2p at the start of last year to as high as 12.8p during mid-January 2024. The stock has since fallen back to around the 8p level, with investors now starting to cast a critical eye on Pitfield’s true potential — and the various risks associated with what is claimed to be a globally unique titanium deposit type. For clarity, I have no shares in Empire, and will not be trading the stock. You can never tell where retail might take a company before fundamentals come into play, and in any case, I do not short small caps on principle — but I do think Empire may end up falling rather than rising. There is an investor meet next week, so there is a decent chance that the company will answer some of the gaps in the investment case then — if I’m asking questions, others will be too. Let’s dive in. Pitfield: the flagship - Empire has multiple assets, but I think everyone can agree that the vast majority of the company’s market value is based on 70%-interest Pitfield. The project is located Western Australia, and positively, is located close to all the typical infrastructure you would expect in a mining-friendly Tier 1 jurisdiction. Empire describes the asset as a ‘giant’ titanium project — with airborne geophysical surveys confirming a mineral system with a ‘40km by 8km by 5km deep magnetics anomaly.’ The company has now completed 61 reverse circulation drillholes covering some 8.900m along a 30km strike length, with all but one hole throwing off titanium mineralisation. It’s also completed three diamond cores totalling circa 1,200 metres, which all intersected ‘thick, high grade TiO2 beds of hematite-epidote-car So far, so good. You might be a long way from production, but perhaps a major will step in to JV or simply buy out the asset? Or perhaps some sweet government grant funding at some point? I think these two are unlikely based on what I can surmise, and here’s why. It’s a titanite deposit. There is not a single titanite deposit, anywhere in the world, which is an operating mine. I have checked — though if anyone can find one, I will happily correct this. Now, I am aware that current investors are (much like an angry Scot being challenged on legal tender) chomping at the bit to say: ‘Yes Charles, but all previous titanite finds have really only had trace amounts of titanite, while the Pitfield deposit has lots of Titanite. So you can’t compare.’ We will get to that in a moment because it’s a fair argument. For clarity, Empire notes that based on its best available data, titanite accounts for ‘for ~67% of the total contained TiO2 and makes up around 20% of the ore by mass.’ Titanium bearing iron oxides, ilmenite and a little rutile is present — but the economics of a potential mine are going to rest on the viability of extracting sellable titanium from the titanite. For clarity, one of the big problems is that investors simply do not know exactly how much actual TiO2 is in the titanite present. TiO2 contained within titanite is usually fairly low — and while the ore may be 20% titanite, and account for 67% of the TiO2 present — this doesn’t actually say how much TiO2 there is. We do know from highlighted assays that the top grades are coming in at over 6% Ti02 — and given that circa two-thirds of the deposit is titanite, this means there should be 4% TiO2 in the best segments of the titanite. But these are the highlighted assays, if you look at the 22 January RNS, the average assay grade is lower — closer to 4% TiO2, so less than 3% TiO2 associated with the titanite. Empire did release some petrography and mineralogy results (for fairness, covering only some very specific locations), covering 29 samples for petrographic analysis and 16 samples for Tescan Integrated Mineral Analyser analysis. This gives us some more accurate numbers. Using two highlighted samples selected from the maiden RC drill campaign (one from the Thomas property and one from the Mount Scratch area), titanite was set as 36.7% TiO2 based on CSIRO microprobe analyses. For context, ilmenite was set at 54% TiO2 based on a typical assay for Western Australia primary ilmenite — while Ti-oxides were set at 100% TiO2 for rutile and anatase minerals. Overall the titanium grade itself seems pretty average — the argument is that the size of the system is so vast that it more than makes up for the grade, and that processing should be relatively cheap. For copper enthusiasts, a little like a porphyry system. Processing plans - So the processing has to be cheap and easy. Empire plans to use an acid leaching process which they argue is ‘more financially advantageous’ compared to igneous hard rock ilmenite ores which they claim commonly require on-site smelting to produce a titanium-rich slag product. The problem with this argument — to start with — is that igneous hard rock ilmenite ores are almost always processed using hydrometallurgical techniques, including sometimes acid leaching. Yes, a few ilmenite deposits require smelting if you look hard enough for some examples, but only when necessary — and it is rare for smelting to be employed, precisely because it is rarely economical unless grades are super high. This is kind of like opening a corner shop up next to a Tesco Express and arguing it’s a little cheaper than Waitrose. Let’s consider though, whether acid leaching is actually going to work. The company cites work done in Murmansk, Russia — where leaching of titanite followed by purification by hydrolysis is cited as one potential method for the processing of the titanium at Pitfield. However, I cannot find evidence that the methods tried out are now, today in actual use. At a plant, making money. I can’t see financial results from a company using acid leaching on a titanite deposit. Why is this? If the evidence exists of an economically viable titanite operation in Russia — please send it my way. Then there’s the various ilmenite analogous methods — there seems to be an underlying assumption that processes that work for ilmenite will simply work for titanite, but with zero evidence to support this view other than optimism. Okay, ilmenite and titanite may be cousins, but the company is planning to, at this point completely alone, commercialise the processing of a novel mineral — and with no guarantee that its experiments will work. While either a sulphuric acid or hydrochloric acid-based leaching process to treat the Pitfield titanite rich concentrate is the plan, Empire does note that: ‘Test work and investigation is needed to evaluate the effectiveness of the leaching systems and to target conditions. Further research and evaluation of industry and researchers’ know-how is required.’ How expensive is it going to be to prove that this titanite deposit can be mined profitably? This is Western Australia economics it’s working with. What happens if the company decides Pitfield cannot be processed economically? The other consideration is that even if Empire manages to get its ‘fine precipitated material’ from the leaching stage, this material will still require calcination and some form of consolidation to make a saleable product; further increasing costs. Empire argues that the final product from the leaching stage will have a very high TiO2 concentration, approaching the same content as natural rutile (>95%). But we do not know how much titanite ore will be needed to get to that 95%. Will it be economical? The whole point of a rutile deposit is that it is extraordinarily cheap to extract the titanium — with EEE’s own numbers acknowledging that TiO2 is set at 100% for rutile and just 36.7% for its titanite. Even under the assumption that they can go down the acid leaching route, (and right now that is still an assumption), there’s still crushing, sorting, grinding, wet gravity separation, and floatation first — from their own flowsheet idea. Compare this to Sovereign Metals’ rutile deposit, where there is no need for crushing, grinding or acid leaching and it’s still not exactly going to come out cheap. Even if all of the titanium from all sources within the deposit can be recovered (more modules, more expense), a predominantly titanite deposit with an average grade cannot cost compete with ilmenite, and in my view, is hopelessly outmatched by rutile. It’s pretty much universally acknowledged that rutile is the best possible orebody, followed by ilmenite and then titanite at a distant third, due to ease/cheapness of processing. Titanite systems — even where there is an abnormally large amount of titanite in the system — have lower titanium content and more complex mineralogy, meaning more expensive and complex processing, and this makes deposits uncompetitive. Investing in Empire Metals before it can prove that its titanite can be processed, and sold through an economically viable model, is risky. Finances & Management - In interim results, the company had (rough figures) £1.4 million in cash, but lost £1 million in the six months to 30 June 2023. That implies a cash burn of roughly £170,000 per month. It then raised £3 million on 22 January 2024 — add the £1.4 million in cash, that gives you £4.4 million. At £170,000 per month cash burn, from July 2023 to March 2024, EEE will now have burnt £1.5 million since interims, and have circa £2.9 million left over. It’s hard to know exactly how much runway this leaves however, as metallurgical test work is going to be expensive, as will continued drilling of the asset. Arguably, it makes sense to check whether the titanite can be economically processed in the first place. The placing was conducted with a Saudi Strategic Investor alongside existing shareholders. But it’s important to note that for Mr Fahad Al-Tamimi of TransOceanic Minerals, throwing a million or so into the pot is not the same as ratifying the deposit as viable — it’s merely an expression of interest. Unique deposits - Unless a major is already on board, it pays to be careful around the language surrounding unique deposits — or mines with a compelling economic case. It’s often just not true. Sirius Minerals’ polyhalite is perhaps the most famous example — Anglo took the company out for pennies on the dollar, and even then has recently been forced to write down another $1.7 billon on the investment. Horizonte Minerals is another. Capex costs are incredibly cheap. Actually, they’re up a bit. Now at least 35%. Hang on, $1 billion in capital expenditure? But there is another example closer to home that is also worth considering. On 23 April 2018, Bluejay announced a 400% resource increase at its flagship Dundas ilmenite project, reaffirming it as ‘the highest-grade mineral sand ilmenite project globally whilst highlighting the Project’s significant commercial and strategic value.’ Here’s the key quote: CEO Roderick McIllree said: ‘Dundas could quickly become unique amongst all known deposits.’ By September 2023, Bluejay was forced to admit that after Dundas was examined by Palaris, the JORC resource had been reduced from 59.3Mt @ 3.26% to just 29.7Mt @ 1.99% — making it utterly economically worthless. Empire CEO Shaun Bunn was formerly a significant shareholder at Bluejay, and there was at one point some controversy over his holding. And Empire Finance Director Gregory Kuenzel was a Director of Bluejay between 2010 and June 2018. Both had jumped ship by the time this unique, world class titanium deposit was independently assessed as junk. The bottom line - A former Rio Tinto geologist — Andrew Farragher — is onboard with Empire. It’s also hired two senior titanium consultants — Dr. Trevor Nicholson and Mr. Eugene Dardengo. This cannot be taken as evidence that the deposit is economic; they are being hired to find this out, alongside Narelle Marriott who will lead the investigation as process development manager. Empire Metals has existed in other forms; it was first Noricum Gold, and then Georgian Mining Corp, and in those years was pushing multiple assets that had effectively gone nowhere in terms of creating shareholder value — until Pitfield. No major is going to touch the company to fund R&D into metallurgical processing of titanite. Investors thinking Empire be sitting on trillions of dollars of titanium might be wondering why Rio Tinto hasn’t jumped in already. It’s because they’re deeply, deeply sceptical. And economic viability is going to cost way more money to prove than the <£3 million currently at hand. Empire will need to raise millions going forward, for an uncertain outcome. This will be a hard sell, and the discount on the next raise will be massive. Here’s what investors need: will any of the three new hires go on record with a realistic percentage chance of success, based on what they know right now? And can Empire find one independent titanium expert, who is neither company affiliated nor being paid, to corroborate the enthusiasm of management? If not, tread lightly. This article has been prepared for information purposes only by Charles Archer. It does not constitute advice, and no party accepts any liability for either accuracy or for investing decisions made using the information provided. Further, it is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. |
Posted at 01/3/2024 09:52 by wanobi no, I don't think so d18,, but, one must consider that a good few investors here have been invested for a long, long time,,, some have visited the mines and many have met management many times and are in direct contact with them..I'm NOT implying they know anymore than they should; as, in all the time I've been invested, from what I've seen and heard, management has been very controlled in what they say to investors, very straight, following the rules.. so, what am I saying,,, well, simply that those closer to the company than us may see things slightly differently to those of us at further arms length so to speak.. that in itself can be helpful and then, not helpful,,, so when I see posts on the main thread that raise my fear levels, it does concern me,,, if that makes sense to you.. but, at the end of the day,,, we've all known for some time that we are at the mercy of AZERGOV & the President of AZER,,, whatever words are used to describe that situation and whomever is involved in it etc etc.. I probably haven't helped you much, save to say,, one either backs the situation will come good, or gets the hell out... it's all gone a bit binary, which I do not like, but here we are, and I'm not selling,, I've placed my bet & won't be cashing out before the end of the race!! Cheers Wan :-) |
Posted at 31/1/2024 21:45 by donald pond I quite like TA but I think it works on the basis of providing insights into the psychology of investors. The problem for AAZ, and most of the U.K. market, is that volumes are tiny and spreads wide. When TSLA or AAPL move it's millions of trades placed by millions of investors that make it move. With AAZ, it can be 2 people who feel good because they had a nice lunch or who sell because an unexpected bill arrived. I'm not sure that really enables the investor temperature to be taken. Truth is, few are interested in AAZ. But that's not a problem provided we get the news flowing. It won't take much |
Posted at 14/1/2024 08:32 by affc21 Morning all, here is a selection of2024 Share picks: What the financial experts are betting on They had a good year in 2023 – here are the leading tipsters' share buys for 2024. The art of share tipping has finally paid off: 2023 may have been a bad year for economic forecasters (who predicted a recession that never came) and a dull one for the London market, but it was a good year for the newspaper share tipsters. Most annual share portfolios comfortably beat the FTSE 100 and FTSE 250 in 2023, reversing a two-year run in which investors would have done better by ignoring most of the tipsters and putting their cash in an index tracker instead. So, what are they tipping for the year ahead? The Daily Mail's tips Agronomics, Empire Metals, GLS, Land Securities 1. Agronomics invests in firms in cellular agriculture, an early-stage technology that could one day enable us to eat cruelty-free meat, fish, and dairy products that also require less energy to produce than traditional agricultural products. A long regulatory road lies ahead, but given the scale of the opportunity, the shares are “worth a punt” (9.5p). 2. Aim-listed Empire Metals may have found one of the world’s “biggest titanium deposits” in Western Australia. The metal is a critical military metal, while bright white titanium dioxide is used in paint and sunscreen (9.3p). 3. Shares in Royal Mail’s owner International Distribution Services have halved over the past two years. GLS, the multinational logistics arm, has brighter prospects, and its value is being overlooked because of the travails of the UK postal division (272p). 4. The dual rise of work-from-home and e-commerce has hit the valuation of commercial property firm Land Securities, but management has pivoted towards more promising areas such as property in London’s West End. A prospective yield of over 5.5% is also appealing (705p). Barron's tips Alibaba Group, Alphabet, Barrick Gold, BioNTech, Chevron, PepsiCo, U-Haul, 1. A crackdown on big business in China has reduced Alibaba Group Holding to “one of the cheapest [technology-orientat 2. Google’s owner Alphabet looks the pick of the “Magnificent Seven” stocks that dominated the 2023 market. It trades on a marked discount to some of its big tech rivals despite robust growth prospects. While the emergence of artificial intelligence (AI) does raise questions about the future of Google’s dominant search business, Google is using its vast cash pile to work on its own AI offerings ($132). 3. Shares in precious metals miner Barrick Gold have lagged progress in the gold price over the past year amid operational disappointments, but this year could be brighter. Barrick has “some of the world’s best mines” and its management is highly regarded and adept at handling “delicate relations” with governments ($18). 4. Shares in German pharma company BioNTech have plunged by 25% in a year as the tide goes out on pandemic-era healthcare shares. But the Covid vaccine hero should still remain profitable in 2024, giving time for the “oncology-focu 5. Shares in Chevron slumped 14% last year, underperforming other global oil supermajors because of production disappointments and questionable deal-making. But on 10.7 times 2024 earnings and yielding 4.2% the valuation is now “compelling 6. Shares in PepsiCo struggled last year as new weight-loss pills caused investors to sour on sugary beverages and snacks such as Doritos. Yet strong recent trading performance suggests the market may have got carried away. The shares are trading on a discount to the five-year average and “it rarely pays to bet against the American eater” ($168). 7. U-Haul Holding is the default “do-it-yoursel The Sunday Times' tips BAE Systems, Begbies Traynor, Carnival, Pets at Home, Sage, Vertu, YouGov 1. Shares in defence business BAE Systems have nearly doubled amid the global turmoil of the past two years and the world isn’t getting any safer. The acquisition of US space-focused Ball Aerospace should add NASA to the firm’s roster of clients in addition to defence ministries (1,113p). 2. About 60% of business at professional services firm Begbies Traynor still comes from insolvencies, which are on the rise as high interest rates bite. In a more optimistic scenario, the diversified “advisory and transaction” side of the business will get a boost if the economy manages to beat low expectations (117p). 3. Price hikes at cruise ship operator Carnival have done nothing to dampen the post-pandemic travel fever, as the shares doubled last year. Strong forward bookings could herald another record-breaking sales figure for the year ahead. Expect this ship to “sail on” ($19). 4. A regulatory review into competition in the veterinary sector is prompting investors to steer clear of Pets at Home, but the gloom may prove overdone. The retailer is “one of the few businesses” still enjoying a boost from the pandemic, which sparked a significant rise in pet ownership (320p). 5. Payroll and accounting software firm Sage offers a rare means to gain exposure to AI through the London market. The shares rallied by 60% last year, but the scope to build AI into its tools should continue to “put boosters” under the shares (1,172p). 6. Dearer car finance triggered “a horrible profit warning” at car dealer Vertu Motors in December, but easier monetary policy should help foster a recovery later this year. With peers attracting bids, there is also a chance that this is the year when Vertu “finally gets taken over” (72p). 7. A packed global elections calendar will be good marketing for polling firm YouGov, especially in the key US market. The bulk of YouGov’s revenue actually comes from providing consumers’ data to big clients in technology, where demand is gradually “returningR Shares magazine's tips Adobe, B&M, Just Group, MongoDB, PureTech Health, RelX 1. Shares in creative software firm Adobe have fallen following “lukewarm̶ 2. B&M: The cost-of-living crisis is causing households to go bargain-hunting. That is a boon for B&M European Value Retail, which still has plenty of scope to grow its market share in both the UK and France (562p). The insurance market is going through a “once-in-a-gen 3. Retirement specialist Just Group is benefiting from strong market demand for bulk annuities as pension schemes look to manage risks. The current low single-digit price/earnings (p/e) ratio appears “screamingly cheap” and is unlikely to last (85p). 4. Data platform MongoDB helps software developers to manage and analyse enormous data sets. Data is the “rocket fuel” powering AI, so the shares should continue their strong 2023 run into 2024 provided investors’ excitement about the technology continues ($420). 5. US biotech PureTech Health has an “exciting drug portfolio”, but the market is overlooking its true value. Patience will be required for new treatments to come good, but the “huge amount of cash” on the balance sheet mitigates some of the risk (151p). 6. Information specialist Relx is an underappreciated London-listed AI play. Its experience working with large datasets and scientific journals gives it a head start at applying data analytics and AI to its business (3,059p). The Times' tips Amazon, Diageo, Empiric Student Property, Marks & Spencer, Paragon Banking 2. Consumer weakness in Latin America saw shares in drinks seller Diageo tumble late last year, but despite the wobble, the structural trend towards drinkers buying the group’s more “premium” 3. Shares in Empiric Student Property have been treading water for two years thanks to rising interest rates. Yet there is a structural undersupply of the sort of student accommodation in which this landlord specialises. Lower interest rates could prompt a rerating, while a takeover bid is always possible given the cheap valuation (94p). 4. Marks & Spencer’s clothing and home business has long underperformed, but a decision to cut back the number of product ranges has borne fruit, helping to propel like-for-like sales growth at the division up to its highest level in over ten years. The shares more than doubled last year, but “remain inexpensive”. Any positive Christmas trading data could prove a renewed catalyst for the shares (273p). 5. Buy-to-let mortgage specialist Paragon Banking has been strikingly resilient through the UK property downturn. Annual return on equity, a key gauge of profitability, has hit an impressive 20%, allowing management to fund generous dividends and buybacks (691p). The Motley Fool's tips Compass, Centamin, Kainos, Smith & Nephew 1. Precious metals appear poised to come back into fashion this year because of rising global turmoil. Egypt-focused gold miner Centamin offers one way to play the trend (100p). 2. Much of the world economy is flirting with recession, making the defensive qualities of food-services outsourcer Compass appealing. There is plenty of scope to win more business as about half of the addressable food-service market has yet to be outsourced (2,146p). 3. Digital services business Kainos helps businesses to make their operations more efficient, a top priority as higher interest rates squeeze balance sheets (1,119p). 4. Shares in medical products maker Smith & Nephew have been trading close to their lowest level in ten years because investors have become concerned that new weight-loss drugs could sap demand for its products. Yet the concerns have been overdone – weight loss can actually enable some patients to get joint-replacement surgery for which they were previously ineligible. Furthermore, recent trading has been strong and a continued recovery could fuel a “big rebound” in the share price during the year ahead (1,079p). The Telegraph's tips BT, Deliveroo, Foxtons, Hollywood Bowl, Ipsos, Next, Persimmon, Seeing Machines, Tracsis 1. Could 2024 be the year when chronic stockmarket underperformer BT finally comes good? A declining pension deficit and rising consumer prices give it financial headroom. Trouble at some of BT’s “alt-net broadband rivals” raises the prospect of a more consolidated market that would leave the one-time monopoly in the telecoms driving seat once again (124p). 2. Deliveroo has put the messy aftermath of its 2021 listing – deemed the worst “in London’s history” – behind it. The shares have climbed by 40% over the past year, and profitability is finally coming into view. A takeover bid for the food-delivery business could yet come on to “the menu” (128p). 3. While London’s property market struggles, the rental market is “on fire”. That bodes well for Foxtons, the capital’s largest letting agent (47p). 4. Generation Z is increasingly abstaining from alcohol in favour of “retro” hobbies such as bowling, which is good news for Hollywood Bowl. Private equity recently bought rival Ten Entertainment, so management will want to “up its game” this year (305p). 5. This year will be a record election year. It will be more important than ever for businesses to keep abreast of the changing tides of public opinion, so give Paris-listed polling firm Ipsos your vote of confidence (€56). 6. Next has been a rare good-news story on the struggling high street. Management has raised guidance four times in the last five months, and the rally could yet have further to run (8,132p). 7. Last year was tough for housebuilders, and Persimmon has lagged behind its rivals. Yet falling interest rates and Keir Starmer’s promise to foster a housebuilding boom could deliver a recovery during the year ahead (1,385p). 8. Australian technology firm Seeing Machines deploys software and cameras to ensure that drivers are keeping their eyes on the road. Vehicles are becoming increasingly automated, and regulatory trends are a tailwind, but the Aim-listed shares have been neglected of late (5p). 9. Transport-data analytics business Tracsis is well-managed and operates in a profitable niche. The shares have soared by more than 2,000% since listing 16 years ago. What more do you want from an Aim stock? (940p). Interactive Investor's tips Gateley, Michelmersh Brick, Restore, Trident Royalties 1. In an uncertain year, legal services specialist Gateley’s diversified mix of “countercyclic 2. While construction struggles, Michelmersh Brick’s focus on “niche” brick requirements, such as “clay pavers [and] terracotta”, offers resilience. A housebuilding recovery will eventually come, and in the meantime, investors can enjoy the near-5% forecast dividend yield (89p). 3. Shares in business support services group Restore sagged last year due to soggy trading, prompting a management shake-up. The core records-management business remains solid, and there is a prospective upside should a recovery take hold (210p). 4. Global mining royalties play Trident Royalties offers exposure to the boom in metals such as lithium and copper that are needed for electrification, while the recent rally in gold prices is providing a near-term boost (36p). How the tipsters performed in 2023 1. The Daily Mail’s Midas portfolio tops the table for 2023. The Daily Mail’s tipsters often take the high-risk, high-reward approach of backing little-known mid-caps and small-caps, typically in the UK. Risk is further increased via concentration: last year’s portfolio only had three tips. While that approach can lead to disaster – witness heavy losses in 2022 – it can also ensure that gains from a few excellent shares are not watered down by more mediocre performers. The Daily Mail’s returns were highly dispersed, including a nasty 15.3% loss on marine engineering specialist Harland & Wolff, the firm that once built the Titanic. Yet that didn’t sink the wider portfolio thanks in large part to a superb 135% rally in drug-testing specialist hVIVO. 2. The silver medal goes to the US publication Barron’s. The magazine’s portfolio has performed well in recent years thanks to the long-running out-performance of its home market. That said, Barron’s team still demonstrated stock-picking savvy, with a 31% total return comfortably beating the benchmark S&P 500’s 24.5% in 2023 until the portfolio was liquidated in mid-December. Returns were boosted by “Magnificent Seven” members Amazon (up 67.8%) and Google-owner Alphabet (up 46.6%), but the weekly’s best tip was actually luxury housebuilder Toll Brothers, which more than doubled. Aluminium play Alcoa (down 29%) was its worst choice. 3. The Evening Standard takes bronze with a series of solid picks. Only one, pawnbroker H&T, ended the year in the red as 2023 proved to be less miserable than some had feared. The Evening Standard’s other seven picks all rose. UK cybersecurity specialist Darktrace was the paper’s best call, gaining 41.5%. The London Stock Exchange also enjoyed a strong year, delivering a 30% gain. 4. The Sunday Times takes fourth place, regaining some pride after finishing second-last in 2022. Two of the newspaper’s picks surged by 80%: private equity firm 3i and City broker Numis, which was taken over by Deutsche Bank. However, bad calls on luxury-fashion play Burberry (down 30%) and electronics specialist XP Power (down 34%) denied the portfolio a better overall performance. 5. Shares magazine’s portfolio secures a creditable mid-table finish with a 20.6% gain. Rather than relying on a few excellent picks “bailing out the others”, eight of its ten choices managed double-digit gains. Shares takes profits during the year on some of its portfolio, but the best share it let run to the end of the year was Dutch semiconductor specialist ASML, which gained 28.7%. The only loss came from insurer Prudential, down by 13.5%. 6. The Times’ Tempus column comes sixth, with a 17% gain that beat the London market. Its best pick was Premier Inn-owner Whitbread, which gained 44.8% in a year where demand for travel remained robust despite cost-of-living pressures. But slow trading at pest control group Rentokil Initial (down 15.4%) denied the portfolio a better overall placing. 7. The Motley Fool offered up 12 different UK tips for 2023, but few of them shone in a poor year for UK shares, leaving the portfolio more or less flat. Housebuilder Barratt Developments, up 42%, was its best call. Unfortunately, six of the tips ended the year down, with S4 Capital, Martin Sorrell’s digital advertising company, proving an absolute stinker with a 71.8% loss. 8. The Investors’ Chronicle drops from fourth last year to second-last in 2023. The magazine chooses 50 tips each year, with five highlighted specially. Of this latter group, the worst choice was lithium play Albemarle, which lost 33% in a year when the electric vehicle battery sold off heavily. The best choice, with a 16% gain, was the AVI Global investment trust. 9. Finally, Interactive Investor’s Aim portfolio takes the wooden spoon for the second year in a row, even as it improved on the steep losses it made in 2022. The loss is understandable as the portfolio’s benchmark, the Aim All-share index, ended the year down 8%. Management process automation software play, ActiveOps, cashed in on the artificial intelligence boom to deliver a 22.5% gain. But three of the other four picks ended the year in the red, with the worst performance from professional services network DSW Capital, which dropped 57.5% amid sluggish deal-making activity on global markets. This article was first published in MoneyWeek's magazine. Enjoy exclusive early access to news, opinion and analysis from our team of financial experts with a MoneyWeek subscription. Related articles MoneyWeek’s investment writers' tips for 2024 Top stocks for 2024 Eight small-cap trusts to bet on Adobe, B&M, Just Group, MongoDB, PureTech Health, RelX 1. Shares in creative software firm Adobe have fallen following “lukewarm̶ 2. B&M: The cost-of-living crisis is causing households to go bargain-hunting. That is a boon for B&M European Value Retail, which still has plenty of scope to grow its market share in both the UK and France (562p). The insurance market is going through a “once-in-a-gen 3. Retirement specialist Just Group is benefiting from strong market demand for bulk annuities as pension schemes look to manage risks. The current low single-digit price/earnings (p/e) ratio appears “screamingly cheap” and is unlikely to last (85p). 4. Data platform MongoDB helps software developers to manage and analyse enormous data sets. Data is the “rocket fuel” powering AI, so the shares should continue their strong 2023 run into 2024 provided investors’ excitement about the technology continues ($420). 5. US biotech PureTech Health has an “exciting drug portfolio”, but the market is overlooking its true value. Patience will be required for new treatments to come good, but the “huge amount of cash” on the balance sheet mitigates some of the risk (151p). 6 . Information specialist Relx is an underappreciated London-listed AI play. Its experience working with large datasets and scientific journals gives it a head start at applying data analytics and AI to its business (3,059p). The Times' tips Amazon, Diageo, Empiric Student Property, Marks & Spencer, Paragon Banking 2. Consumer weakness in Latin America saw shares in drinks seller Diageo tumble late last year, but despite the wobble, the structural trend towards drinkers buying the group’s more “premium” 3. Shares in Empiric Student Property have been treading water for two years thanks to rising interest rates. Yet there is a structural undersupply of the sort of student accommodation in which this landlord specialises. Lower interest rates could prompt a rerating, while a takeover bid is always possible given the cheap valuation (94p). 4. Marks & Spencer’s clothing and home business has long underperformed, but a decision to cut back the number of product ranges has borne fruit, helping to propel like-for-like sales growth at the division up to its highest level in over ten years. The shares more than doubled last year, but “remain inexpensive”. Any positive Christmas trading data could prove a renewed catalyst for the shares (273p). 5. Buy-to-let mortgage specialist Paragon Banking has been strikingly resilient through the UK property downturn. Annual return on equity, a key gauge of profitability, has hit an impressive 20%, allowing management to fund generous dividends and buybacks (691p). The Motley Fool's tips Compass, Centamin, Kainos, Smith & Nephew 1. Precious metals appear poised to come back into fashion this year because of rising global turmoil. Egypt-focused gold miner Centamin offers one way to play the trend (100p). 2. Much of the world economy is flirting with recession, making the defensive qualities of food-services outsourcer Compass appealing. There is plenty of scope to win more business as about half of the addressable food-service market has yet to be outsourced (2,146p). 3. Digital services business Kainos helps businesses to make their operations more efficient, a top priority as higher interest rates squeeze balance sheets (1,119p). 4. Shares in medical products maker Smith & Nephew have been trading close to their lowest level in ten years because investors have become concerned that new weight-loss drugs could sap demand for its products. Yet the concerns have been overdone – weight loss can actually enable some patients to get joint-replacement surgery for which they were previously ineligible. Furthermore, recent trading has been strong and a continued recovery could fuel a “big rebound” in the share price during the year ahead (1,079p). The Telegraph's tips BT, Deliveroo, Foxtons, Hollywood Bowl, Ipsos, Next, Persimmon, Seeing Machines, Tracsis 1. Could 2024 be the year when chronic stockmarket underperformer BT finally comes good? A declining pension deficit and rising consumer prices give it financial headroom. Trouble at some of BT’s “alt-net broadband rivals” raises the prospect of a more consolidated market that would leave the one-time monopoly in the telecoms driving seat once again (124p). 2. Deliveroo has put the messy aftermath of its 2021 listing – deemed the worst “in London’s history” – behind it. The shares have climbed by 40% over the past year, and profitability is finally coming into view. A takeover bid for the food-delivery business could yet come on to “the menu” (128p). 3. While London’s property market struggles, the rental market is “on fire”. That bodes well for Foxtons, the capital’s largest letting agent (47p). 4. Generation Z is increasingly abstaining from alcohol in favour of “retro” hobbies such as bowling, which is good news for Hollywood Bowl. Private equity recently bought rival Ten Entertainment, so management will want to “up its game” this year (305p). 5. This year will be a record election year. It will be more important than ever for businesses to keep abreast of the changing tides of public opinion, so give Paris-listed polling firm Ipsos your vote of confidence (€56). 6. Next has been a rare good-news story on the struggling high street. Management has raised guidance four times in the last five months, and the rally could yet have further to run (8,132p). 7. Last year was tough for housebuilders, and Persimmon has lagged behind its rivals. Yet falling interest rates and Keir Starmer’s promise to foster a housebuilding boom could deliver a recovery during the year ahead (1,385p). 8. Australian technology firm Seeing Machines deploys software and cameras to ensure that drivers are keeping their eyes on the road. Vehicles are becoming increasingly automated, and regulatory trends are a tailwind, but the Aim-listed shares have been neglected of late (5p). 9. Transport-data analytics business Tracsis is well-managed and operates in a profitable niche. The shares have soared by more than 2,000% since listing 16 years ago. What more do you want from an Aim stock? (940p). Interactive Investor's tips Gateley, Michelmersh Brick, Restore, Trident Royalties 1. In an uncertain year, legal services specialist Gateley’s diversified mix of “countercyclic 2. While construction struggles, Michelmersh Brick’s focus on “niche” brick requirements, such as “clay pavers [and] terracotta”, offers resilience. A housebuilding recovery will eventually come, and in the meantime, investors can enjoy the near-5% forecast dividend yield (89p). 3. Shares in business support services group Restore sagged last year due to soggy trading, prompting a management shake-up. The core records-management business remains solid, and there is a prospective upside should a recovery take hold (210p). 4. Global mining royalties play Trident Royalties offers exposure to the boom in metals such as lithium and copper that are needed for electrification, while the recent rally in gold prices is providing a near-term boost (36p). How the tipsters performed in 2023 1. The Daily Mail’s Midas portfolio tops the table for 2023. The Daily Mail’s tipsters often take the high-risk, high-reward approach of backing little-known mid-caps and small-caps, typically in the UK. Risk is further increased via concentration: last year’s portfolio only had three tips. While that approach can lead to disaster – witness heavy losses in 2022 – it can also ensure that gains from a few excellent shares are not watered down by more mediocre performers. The Daily Mail’s returns were highly dispersed, including a nasty 15.3% loss on marine engineering specialist Harland & Wolff, the firm that once built the Titanic. Yet that didn’t sink the wider portfolio thanks in large part to a superb 135% rally in drug-testing specialist hVIVO. 2. The silver medal goes to the US publication Barron’s. The magazine’s portfolio has performed well in recent years thanks to the long-running out-performance of its home market. That said, Barron’s team still demonstrated stock-picking savvy, with a 31% total return comfortably beating the benchmark S&P 500’s 24.5% in 2023 until the portfolio was liquidated in mid-December. Returns were boosted by “Magnificent Seven” members Amazon (up 67.8%) and Google-owner Alphabet (up 46.6%), but the weekly’s best tip was actually luxury housebuilder Toll Brothers, which more than doubled. Aluminium play Alcoa (down 29%) was its worst choice. 3. The Evening Standard takes bronze with a series of solid picks. Only one, pawnbroker H&T, ended the year in the red as 2023 proved to be less miserable than some had feared. The Evening Standard’s other seven picks all rose. UK cybersecurity specialist Darktrace was the paper’s best call, gaining 41.5%. The London Stock Exchange also enjoyed a strong year, delivering a 30% gain. 4. The Sunday Times takes fourth place, regaining some pride after finishing second-last in 2022. Two of the newspaper’s picks surged by 80%: private equity firm 3i and City broker Numis, which was taken over by Deutsche Bank. However, bad calls on luxury-fashion play Burberry (down 30%) and electronics specialist XP Power (down 34%) denied the portfolio a better overall performance. 5. Shares magazine’s portfolio secures a creditable mid-table finish with a 20.6% gain. Rather than relying on a few excellent picks “bailing out the others”, eight of its ten choices managed double-digit gains. Shares takes profits during the year on some of its portfolio, but the best share it let run to the end of the year was Dutch semiconductor specialist ASML, which gained 28.7%. The only loss came from insurer Prudential, down by 13.5%. 6. The Times’ Tempus column comes sixth, with a 17% gain that beat the London market. Its best pick was Premier Inn-owner Whitbread, which gained 44.8% in a year where demand for travel remained robust despite cost-of-living pressures. But slow trading at pest control group Rentokil Initial (down 15.4%) denied the portfolio a better overall placing. 7. The Motley Fool offered up 12 different UK tips for 2023, but few of them shone in a poor year for UK shares, leaving the portfolio more or less flat. Housebuilder Barratt Developments, up 42%, was its best call. Unfortunately, six of the tips ended the year down, with S4 Capital, Martin Sorrell’s digital advertising company, proving an absolute stinker with a 71.8% loss. 8. The Investors’ Chronicle drops from fourth last year to second-last in 2023. The magazine chooses 50 tips each year, with five highlighted specially. Of this latter group, the worst choice was lithium play Albemarle, which lost 33% in a year when the electric vehicle battery sold off heavily. The best choice, with a 16% gain, was the AVI Global investment trust. 9. Finally, Interactive Investor’s Aim portfolio takes the wooden spoon for the second year in a row, even as it improved on the steep losses it made in 2022. The loss is understandable as the portfolio’s benchmark, the Aim All-share index, ended the year down 8%. Management process automation software play, ActiveOps, cashed in on the artificial intelligence boom to deliver a 22.5% gain. But three of the other four picks ended the year in the red, with the worst performance from professional services network DSW Capital, which dropped 57.5% amid sluggish deal-making activity on global markets. This article was first published in MoneyWeek's magazine. Enjoy exclusive early access to news, opinion and analysis from our team of financial experts with a MoneyWeek subscription. Related articles MoneyWeek’s investment writers' tips for 2024 Top stocks for 2024 Eight small-cap trusts to bet on Adobe, B&M, Just Group, MongoDB, PureTech Health, RelX 1. Shares in creative software firm Adobe have fallen following “lukewarm̶ 2. B&M: The cost-of-living crisis is causing households to go bargain-hunting. That is a boon for B&M European Value Retail, which still has plenty of scope to grow its market share in both the UK and France (562p). The insurance market is going through a “once-in-a-gen 3. Retirement specialist Just Group is benefiting from strong market demand for bulk annuities as pension schemes look to manage risks. The current low single-digit price/earnings (p/e) ratio appears “screamingly cheap” and is unlikely to last (85p). 4. Data platform MongoDB helps software developers to manage and analyse enormous data sets. Data is the “rocket fuel” powering AI, so the shares should continue their strong 2023 run into 2024 provided investors’ excitement about the technology continues ($420). 5. US biotech PureTech Health has an “exciting drug portfolio”, but the market is overlooking its true value. Patience will be required for new treatments to come good, but the “huge amount of cash” on the balance sheet mitigates some of the risk (151p). 6 . Information specialist Relx is an underappreciated London-listed AI play. Its experience working with large datasets and scientific journals gives it a head start at applying data analytics and AI to its business (3,059p). BT, Deliveroo, Foxtons, Hollywood Bowl, Ipsos, Next, Persimmon, Seeing Machines, Tracsis 1 . Could 2024 be the year when chronic stockmarket underperformer BT finally comes good? A declining pension deficit and rising consumer prices give it financial headroom. Trouble at some of BT’s “alt-net broadband rivals” raises the prospect of a more consolidated market that would leave the one-time monopoly in the telecoms driving seat once again (124p). 2. Deliveroo has put the messy aftermath of its 2021 listing – deemed the worst “in London’s history” – behind it. The shares have climbed by 40% over the past year, and profitability is finally coming into view. A takeover bid for the food-delivery business could yet come on to “the menu” (128p). 3. While London’s property market struggles, the rental market is “on fire”. That bodes well for Foxtons, the capital’s largest letting agent (47p). 4. Generation Z is increasingly abstaining from alcohol in favour of “retro” hobbies such as bowling, which is good news for Hollywood Bowl. Private equity recently bought rival Ten Entertainment, so management will want to “up its game” this year (305p). 5. This year will be a record election year. It will be more important than ever for businesses to keep abreast of the changing tides of public opinion, so give Paris-listed polling firm Ipsos your vote of confidence (€56). 6. Next has been a rare good-news story on the struggling high street. Management has raised guidance four times in the last five months, and the rally could yet have further to run (8,132p). 7. Last year was tough for housebuilders, and Persimmon has lagged behind its rivals. Yet falling interest rates and Keir Starmer’s promise to foster a housebuilding boom could deliver a recovery during the year ahead (1,385p). 8. Australian technology firm Seeing Machines deploys software and cameras to ensure that drivers are keeping their eyes on the road. Vehicles are becoming increasingly automated, and regulatory trends are a tailwind, but the Aim-listed shares have been neglected of late (5p). 9. Transport-data analytics business Tracsis is well-managed and operates in a profitable niche. The shares have soared by more than 2,000% since listing 16 years ago. What more do you want from an Aim stock? (940p). Interactive Investor's tips Gateley, Michelmersh Brick, Restore, Trident Royalties 1. In an uncertain year, legal services specialist Gateley’s diversified mix of “countercyclic 2. While construction struggles, Michelmersh Brick’s focus on “niche” brick requirements, such as “clay pavers [and] terracotta”, offers resilience. A housebuilding recovery will eventually come, and in the meantime, investors can enjoy the near-5% forecast dividend yield (89p). 3. Shares in business support services group Restore sagged last year due to soggy trading, prompting a management shake-up. The core records-management business remains solid, and there is a prospective upside should a recovery take hold (210p). 4. Global mining royalties play Trident Royalties offers exposure to the boom in metals such as lithium and copper that are needed for electrification, while the recent rally in gold prices is providing a near-term boost (36p). |
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