Jubilee Metals Share Discussion Threads

[frogkid] 19/12/2020 09:44

SB, I have probably been invested in JLP longer than most on here. I am merely expressing opinion. Once instis get involved the likelihood of defending a hostile TO successfully decrease significantly. Much easier to do a deal with a few shareholders than thousands.

[sb] 19/12/2020 09:07

Frog ... JLP is the IIs dream ... a hugely cash generating business with enormous growth potential and an environmentally beneficial business model. Funds are all about sustained performance to differentiate their returns compared to their competitors. No fund invested in JLP is going to want to see it taken over and that growth opportunity be diluted by it becoming part of some global mining behemoth. Their challenge with JLP will be balancing their portfolios as the percentage of the fund represented by the company grows they will inevitably have to re-balance and sell down over time. But no one invested here is going to want to see the company taken out if you are a GENUINE investor .....and not just looking for a quick buck.

[frogkid] 19/12/2020 07:53

121m not to be sniffed at and Mr Slater is s canny fund manager. Exciting days ahead I reckon. The only issue for me is that the more II get involved the easier it is to get taken out.

[frogkid] 19/12/2020 07:14

Very interesting that BB2 and bodes well for JLP. thanks.

[billyboy2fromiii] 19/12/2020 05:54

Also, this is some info regarding Slater Investments....

Institutional investors will have strict parameters in which they invest.

This article from Shares Magazine on 3rd Oct 19 explains a little about Slater Investments....

If you chart Mark Slater’s run as a fund manager back to the start of 2000, you will see a significant outperformance versus his peer group over the subsequent years. According to financial data group FE, collectively across his funds Slater has delivered more than twice the amount of returns to investors than his peer group (400% versus 145% respectively).

The son of the late Jim Slater, a famous financier and author of best-selling investment book The Zulu Principle, Mark now runs three funds focused on growth and income. His asset management business Slater Investments also manages a hedge fund and portfolios for pension schemes, charities and high net worth individuals.

THE SEARCH FOR GROWTH

The flagship fund is Slater Growth (B7T0G90) which invests in UK stocks and which has been running since 2005. It adopts the same principles discussed in Slater senior’s book, namely having a tight focus on something rather than trying to do everything.

‘Our tight focus is having a methodology to find growth companies using value filters,’ explains Slater junior.

The PEG valuation metric is used as a starting point to find shares which have a proven track record of earnings growth and which are inexpensive. The metric compares the price-to-earnings ratio with a company’s earnings growth.

‘We use PEG as a screening tool, not as a share selection tool,’ says Slater.

Once the PEG screen has helped to reduce the investable universe, other measures are then overlaid such as cash flow screens. The fund manager also looks for companies with a competitive advantage such as a high market share, as well as positive signs in recent trading updates and directors preferably buying rather than selling stock.

TAKEOVERS GALORE

The growth fund typically has a concentrated portfolio of between 25 and 50 stocks, primarily in UK equities. This year alone has seen six portfolio holdings receive takeover offers including media content specialist Entertainment One (ETO) and insurance services group Charles Taylor (CTR).

A second fund called Slater Recovery (B90KTC7) has approximately 80% of the same holdings as Slater Growth. The name is a bit misleading as the manager isn’t targeting broken businesses which could be fixed, as per the normal definition of a recovery fund. Instead, the name relates to the period in which it launched.

‘It started in 2003 where we hoped for a recovery in share prices in the wake of a bear market. It isn’t about looking for deep value,’ he explains.

Slater Recovery fund differs from Slater Growth in that it also holds very small growth companies, such as £200m fire and safety expert Marlowe (MRL:AIM). Slater Growth tends to hold stocks in the upper end of the small cap space and mid-caps. ‘Since the financial crisis most growth opportunities have been found outside of the FTSE 100. We’re looking for double digit earnings growth, but the large caps may only have single digits.’

The third fund is Slater Income (B905XJ7) which only uses the PEG valuation metric to help construct a small part of its portfolio. The majority of its holdings are dictated by cash flow appeal and yield. Like the other funds, blue chips are rare in this product. ‘Ninety percent of the opportunity set for equity high income is outside of the FTSE 100,’ says Slater.

CONSISTENT PROCESS

The fund manager attributes his long-term outperformance to having a consistent investment process. He says other managers are easily distracted when their style is out of favour and they foolishly change their process to try and catch up.

It is widely appreciated that UK stocks are trading on low valuations relative to history and other parts of the world, and that overseas investors aren’t interested in the country’s stock market opportunities because of Brexit fears.

Slater believes the companies identified by his investment strategy aren’t really talking about Brexit and, like many consumers, ‘they are just getting on with the job’.

He is confident that the UK market will attract more interest once there is a resolution to some of the Brexit issues. ‘Capital will then start to flow back into the market. Valuations are attractive and if you take a three to five year view the outlook is pretty good.’

The fund’s investment committee met at the end of September and had a longer potential ‘buy’ list than stocks it wanted to sell, illustrating confidence despite a difficult market backdrop where the political noise is loud and the economic data (around the world) often disturbing.

Slater believes his approach is very effective and calls it a ‘sleep at night’ strategy, implying that anyone owning his funds shouldn’t have to worry about their money every day.

‘We’re investing in real businesses, we get to know them very well, and we hold for a long time.’

Regards, BB2.

[billyboy2fromiii] 19/12/2020 05:50

Morning, I've just posted this on the other site which I thought may be interesting to any new investors...

Vbig,

The "green" issue is important and will, in my opinion, become more important as we go forward....

3card has correctly stated that Jubilee remove the metals from the (waste) tailings which obviously make the remaining waste cleaner than before. But secondly, Jubilee leave that remaining waste in a much more environmentally friendly manner.

The following are extracts from the Co Presentation on the Co website..............

Implementing environmentally conscious metal recovery solutions that ensure a zero-effluent policy.

First mover advantage to take advantage of global opportunity for metals recovery and satisfying increasing environmental liabilities.

Transferred 600 000 tonnes of historical unsealed waste into modern zero effluent facility.

Rehabilitation of tailings dam core to strategy rehabilitated 550 000 tonnes of waste material onto sealed storage facilitwith zero effluent

Received recognition from the World Bank for innovative design incorporating rehabilitation and zero effluent at its core.

World leading team with ability to design build and execute mine waste treatment projects, applying advanced environmentally sustainable techniques.

In addition, this extract is from the latest Co Financial Report..........

Reducing the amount of mining waste residue;

Jubilee’s innovative capacity and technical leadership enables the Company to generate significant value from
resources that were previously believed to be irrecoverable and sat as primarily on surface waste. In doing so,
Jubilee is creating carbon negative ecosystems by significantly reducing the amount of waste residue from mining
processes by extracting the metal contained within the material and depositing the residue from the reprocessing in
an environmentally friendly manner with a zero-effluent policy.

Jubilee’s business model is based on the processing of primary and secondary waste and discard streams; Jubilee’s
responsible processing of these streams assists in reducing the negative impact of same on the environment and
also reducing the health risks of the environmental liability that is created by the above ground material; this makes
the business model very attractive.

In summary, as regards existing tailings, Jubilee pick up a load of waste material which contains metals and in some cases toxics, remove the metals and then redeposit the remaining waste material in a environmentally friendly manner ensuring a zero-effluent policy.

I hope that helps,

BB2.

[tonyevo256] 18/12/2020 15:46

Them selling whilst the share price is rising is not necessarily a bad thing because those shares are being bought by iis. So they ain't coming back on the market any time soon. Consider it as a necessary step for the next leg up.

[daocana] 18/12/2020 15:34

a good steady day so far..i am expecting a rise into the close..news due before end of dec..so says leon.so a good chance of news next week..then we will find ourselves in january with the much anticipated half year results..followed by the start of copper prodution..so plenty to keep the momentum in the share price going.unless you need xmas money..not really the time to be selling

[adejuk] 18/12/2020 14:21

jeez
just hold
you will reap huge rewards if you do

[adejuk] 18/12/2020 14:20

i have one in for 60p.

[adejuk] 18/12/2020 14:19

well, deme
the call costs fa.
good luck

[deme1] 18/12/2020 13:56

Have a buy order in at 11p as it looks like a good point to bounce from if this has a shake

[eblitz1] 18/12/2020 13:54

Deme
On one post you say you are worried about Slater drip selling which astounds any logical thinking. And then you say you have a large buy order for 11p,

I don't think they have invented a word for you yet but from now on I think you should be known as BALDRICK. Have you also got a woman's bottom !!.

[adejuk] 18/12/2020 13:06

if i remember correctly, he has been a rich poor person many times

[adejuk] 18/12/2020 13:05

tony
that is my reading of him

[adejuk] 18/12/2020 13:03

12 was always going to take a day or two - historically
maybe by this eve :-)

[philby1] 18/12/2020 13:02

Slater has been on board for some time and will have been accumulating at prices well below 11p. He is known for recognising small companies with exceptional growth potential. Personally I see this as a massive vote of confidence in JLP.

[tonyevo256] 18/12/2020 12:53

Read somewhere that slaters strategy is to get to know the company very well and hold for a long time

[goingforarun] 18/12/2020 12:43

Deme, staggered to think that a long term institutional investor, who has done all the due diligence required, is then going to sell up for a measly 10% gain. They’re an investor not a trader, in for the long term, and doubling their money and more? Personally think it bodes well because they can see the value. We just need the Copper strategy delivered now and off we go again!

[deme1] 18/12/2020 12:29

Boris hinting at no deal.
Potential big blip for ftse and defo banks.

Could possibly drive people to invest into metals

[deme1] 18/12/2020 12:22

My only concern with the Slater thing is if they obtained them at 11p then they could be drip feeding the market and selling for a slight gain.
Although they would do better to hold for a few weeks

[plat hunter] 18/12/2020 12:18

Fingers crossed Slater ain't lending.

[tonyevo256] 18/12/2020 12:01

Lots of small sales going through, PIs taking their profits...a few chunky buys to offset selling.. bodes well for the next leg up.

[lostabillion] 18/12/2020 11:53

2.5p to 11.5p in less than a year!