Anglo Asian Mining Share Discussion Threads

[bumpa33] 26/10/2018 08:37

An old guy years ago said to me that the market is just a lending mechanism in good times, and a debt collector in bad. It took the 2000 crash for me to understand what he meant.

[sharekitchen1974] 26/10/2018 08:35

Nice 5p spread, mms buffet

[bumpa33] 26/10/2018 08:34

wanobi - I think the US is careering towards a recession, despite what the talking heads on the news channels say. I’m looking st various levels in the S&P500 and they’re getting hammered on any respite/bounce so far.

Market adjusting to slower growth and higher rates? Well let’s see how much “adjustingR21; it needs to do :)

[wanobi] 26/10/2018 08:32

AAZ - great defensive stock to be in provided POG holds up,,, quality growth business, with strong visible earnings & no debt!!! plus,,, if Bumpa is right and markets do crash there may be a big flight to gold which will push up the POG.....

right now I'm glad it's my largest holding by far...

Cheers
Wan

[wanobi] 26/10/2018 08:27

Bumpa, let's see how we are by end of day, but I'm not convinced it's the start of a major crash as not everything is falling, USA is not in recession, Q4 growth has slowed a bit & as you say investors are looking at the earnings numbers and are very skittish right now....

I believe the market is just adjusting to the slower growth & interest rates etc...

and there you have it, 2 opposite views & that makes a market :-)

cheers
Wan

[bumpa33] 26/10/2018 08:21

And this is looking less like a ‘healthy correction’ and more like something potentially a lot worse. At the moment the SPX can’t get a break, 35 points down pre market.


Bear are clearly in control at the moment. I think it will take something fairly monumental for bulls to rest it back.

[bumpa33] 26/10/2018 08:18

This is becoming an earnings story, not just rates.

[wanobi] 26/10/2018 08:18

HUM - very sobering situation worth noting on here for future ref;

"As announced yesterday, pit stability issues were identified at the Komana East pit which present a risk to the continued safe mining directly below its western wall. The necessary rehabilitation work on the western wall of this pit means that Q4 production will be negatively impacted and the Company will no longer meet its 2018 production guidance."

decimated share price ..

my thoughts are with all shareholders there, if that happened at AAZ I'd be well, well down....

I suppose if you have the knowledge of the HUM situation this may very well be a massive buying opportunity, alas I have no research on it, so will watch from the sidelines.

Good luck all, cheers Wan

[catsick] 26/10/2018 01:17

I have some hum, ouch ! Should have stuck to aaz ....

[wanobi] 25/10/2018 22:35

Ok, my cards on the table, I feel strongly that this is a natural pull back, to be expected and healthy, shake out companies that have simply ridden along with the rest but don't have the numbers to be there.... those that do have the numbers will continue to march on in my very humble, novice opinion....

As for HUM, that's a perfect example of a black swan event which can occur at any time, even for the likes of AAZ..... but, that's the risk we are all taking, so if such an event happens then it should not be unexpected,,,, but, rather a known risk event, albeit small that could occur and actually has....

Good luck all, pleased to see the AAZ Gap closed today....

Cheers
Wan

[wanobi] 25/10/2018 22:28

Brent testing a level,,,


free stock charts from uk.advfn.com


Cheers Wan

[wanobi] 25/10/2018 22:16

DOW today, nice bounce


free stock charts from uk.advfn.com


See if it holds tomorrow now, cheers Wan

[wanobi] 25/10/2018 22:11

Evening all, so following on from yesterday......

Intel Corp. (INTC) reported profits of $6.4 billion in the third quarter, or $1.38 a share, as the chip maker reported another quarter of strong demand from PC makers and for chips used in data centers. Profits soared 42% compared with the year earlier. Analysts polled by FactSet predicted Intel would earn $1.10 a share for the period.
On an adjusted basis, the company reported a profit of $1.40, surpassing the $1.15 a share analysts expected. Sales rose 19% to $19.16 billion for the quarter. Analysts forecasted $18.13 billion. For the full year, Intel raised its forecast for sales to $71.2 billion from $69.5 billion previously. It now expects earnings per share in 2018 of $4.52, versus $4.10 earlier.

Amazon.com Inc. continued its streak of profitability, topping $1 billion for the fourth straight quarter, but reported lackluster sales figures. The Seattle-based company on Thursday reported a profit of $2.88 billion, or $5.75 per share, up from $256 million, or 52 cents, a year ago. Analysts polled by Refinitiv, on average, expected Amazon to earn $3.14 a share. Revenue increased 29.3% to $56.58 billion, its slowest-growing quarter in more than a year and short of the average analyst estimate of $57.1 billion. For the current quarter, which includes the key holiday season, Amazon projected sales between $66.5 billion and $72.5 billion, below the estimate of $73.89 billion on Refinitiv. Shares of Amazon fell 6% to $1,676 in after-hours trading. Before the report, the stock rose 7.1% Thursday.

Can't see too much to worry about personally :-)

Cheers
Wan

[joey wilson] 25/10/2018 19:53

The trend for HUM over the last 12 months is DOWN. The trend for AAZ over the last 12 months is UP. I will be amazed if AAZ falls lower than 66p. Hopefully this doesnt happen. Like other people have already mentioned there will be further reinvestment of dividends come 8th November so can only see a further rise.But as always the share price never seems to achieve the highs people talk about. However I would rather be invested here than anywhere else. I will have funds soon to invest from the sale of a house. If this happens, it will be going into AAZ at these prices purely for the annual dividend here. SSE currently giving 8% but without the capital growth that is expected from AAZ share price. Keep the faith, AGREEDJW

[henwii] 25/10/2018 19:26

I think I would take 5moz under Gedabek!

[celeritas] 25/10/2018 19:26

Lol, you can count on jeanesy. Im sure he would worry himself sick that fiat currency would become worthless if he won the lottery.

[brasso3] 25/10/2018 19:15

50k trade gone through after market close at 68p. A buy from earlier in the day no doubt.

[jeanesy] 25/10/2018 18:46

The HUM story just goes to show that things happen in mining that just cant be foreseen. Fingers crossed nothing like that happens here..... I see a late reported trade of 50k has just been reported... was that the reason for the earlier fall.. not sure when the trade went through ?

[brasso3] 25/10/2018 18:28

HUM took a beating today.

Obviously not meeting year end targets can happen (AAZ likely to exceed year end targets).

HUM will probably fall to around 15p now as their AISC costs mean they do not have much head room when things do not go to plan. AAZ can weather most storms as they have net cash and high margins. Hard to find a better place on AIM with gold coming back into favor.

Of all my AIM investments this is the one I am thinking about the least.

[bumpa33] 25/10/2018 16:25

SPX fought back to the 2700 - the level from where it capitulated yesterday evening rapidly into the close - resistance here, so will be interesting to see if it can push through or get rejected.

[sh0wmethemoney] 25/10/2018 14:38

Just had a top up 68.42 paid

[jbe81] 25/10/2018 14:15

Close to moving up, buys not being published by MMs, trying to make it appear week

[mattjos] 25/10/2018 14:09

weird to sell now .. Gold in new uptrend, global markets looking shaky, AAZ still silly cheap.
Oh well, lets hope still down here come 8th Nov

[lefrene] 25/10/2018 13:38

Bleepy, just pick up a few more on market bargain days. We all know the strong fundamentals here, it's downright silly cheap and pays a very nice divi to boot.