Jup Ord. Share Discussion Threads

[skyship] 08/1/2021 16:05

Well, I've doubled my position in PHSP on that fall back to 1780.

[gary1966] 08/1/2021 15:07

Gap filled on Silver and so like gold it will be interesting to see where it goes now.

[gary1966] 06/1/2021 16:15

Gap now filled on Gold so will be interesting to see where it goes now. Gap on Silver at $25.91, could be filled on back test of $26?

[gary1966] 06/1/2021 14:18

I decided to sell HOC today at 232p which means they will now go to 275p+ with no pullback. 16% in just under a month, 12% of which in the last few days, is good enough for me. Gap in the HOC chart at 205.6p which may get filled at some point as the gaps usually do.

Gap in the gold chart at $1901.50 and a little overbought in the short term. May decide to retest the $1900 region.

On balance thought I would play it safe and bank the profit.

Did pick up a few RGL today at 79p.

Toying with the idea of buying SUK2 again. Any thoughts anyone?

[gary1966] 04/1/2021 14:39

Thanks Sky, hopefully this will be the year that DGOC breaks out of that range and its' growth and prudence is rewarded with a more realistic valuation.

Sadly didn't get my PRIM shares but I see other trades went through at 3.5p. Have the odd day like this with X-o that the MM seem to quote them higher prices than others are trading at. Usually sorts itself and so will persevere over the coming days.

[skyship] 04/1/2021 14:27

Gary - PRIM trades suggest you may have bought your stock on that limit.

Re DGOC - has seen a good recovery whilst paying that great yield. However, as the chart shows, the share price is now in the 105p-120p range of very congested resistance. Implies limited upside from here - though certainly pays its way:


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[skyship] 04/1/2021 14:08

Skinny - CEY certainly a good market today, reflecting the strong gold price.

The recent director purchases in the 120s are a positive sign that the geological concerns of the Autumn may now be behind them.

The only thing that has always stopped me buying is the fear that one day the Egyptian government may decide to nationalise it all. I think they already take more than $100m a year; but personally I will only ever buy in the more obviously politically secure countries.

Break through 132p and these could see a good run for you...


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[sleepy] 04/1/2021 13:43

Sky - congratulations on GGP and thank you setting up this thread. Best wishes for 2021

[gary1966] 04/1/2021 11:20

Thanks Sky, I think that may be the first time you have bought a share that I have mentioned and so hopefully good fortune to us both. Many thanks for the chart. I have been trying to pick up another 250K of PRIM this morning but I am being quoted above offer for the smallest amount. Have left an order in which hopefully will get filled at some point as there have been a few sells this morning.

Not meaning to push my luck but one I have mentioned previously is DGOC and I really do think they are worth a look if you get a moment.

ATB

[skinny] 04/1/2021 11:16

FWIW - I'm looking to buy back CEY - I sold last September after holding for over a decade in one shape or form.

[skyship] 04/1/2021 11:01

Gary - TRIN does look an interesting small allocation lockaway, even on the back of the recent 25% jump. Joined for a few @ 11.25p.


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[yieldsearch] 04/1/2021 10:44

re silver: hecla mining listing in the US is a direct play

[gary1966] 04/1/2021 08:52

Buying into that theme a little more this morning but via oil. Picked up 100K of TRIN first thing. Nice low cost, growing, oil producer in a stable political environment and stuffed with a growing cash pile. Couple of very good RNS's recently with regards to the purchase of 2D and 3D seismic data from Heritage, the NOC of T&T, as well as the MOU with The National Gas Company of Trinidad and Tobago Ltd. Would expect reserves and production to grow strongly, already very cheap, but these announcements have the potential to make them look absurdly cheap.

[gary1966] 03/1/2021 17:46

Yep took a position in HOC myself on the dip below £2 before Xmas to cover that angle. Personally I don’t believe we will see inflation or interest rate rises that will be worth talking about but wouldn’t rule out a continuation of dollar weakness.

[skyship] 03/1/2021 10:17

I strongly suspect that silver will be resuming its upward path in the New Year. There is already starting to be press and fund manager talk of inflation and rising interest rates, so an allocation to Gold/Silver has surely to be considered a sensible diversification strategy:


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[asmodeus] 02/1/2021 13:57

Yes, I, for one, certainly agree with Tournesol. Asmo.

[yieldsearch] 02/1/2021 10:51

SKYSHIP: thank you for setting up this thread and also all your valuable contributions.
Users like you is why i have joined advfn few years ago. I am pretty sure that a lot of people agree with the post from Tournesol above. We should all vote up your first post above on the 31.12 at 14h39
All the best for 2021.

YS

[skyship] 01/1/2021 11:04

Tournesol - above & beyond - really very kind of you...I feel quite humbled. As I've said before, I love your moniker as we live in a house in the sunflowers, in fact a near neighbour wrote a book with that title - still available on Amazon!

Good luck for the year ahead.

[tournesol] 01/1/2021 10:39

Skyship

Thank you for this thread and for signposting it elsewhere. You are one of the relatively few people who post on ADVFN for whom I have an unqualified respect and admiration. I've made money on a number of ideas that you've provided and I find everything you say interesting and worthwhile. I wish I'd found these annual threads in previous years. Keep up the good work and may the gods of investment look on you with favour in 2021.

Best wishes

Tournesol

[gary1966] 31/12/2020 16:35

Once again thank you for setting up the thread Sky and well done on your 2020 performance. I have some cash to invest in the new year and you will be pleased to hear that I was looking to invest it in some REITS. Picked up some AEWU and was looking to pick up some RGL but the price moved a bit before I had the chance. I have been keeping an eye on HMSO but funds only became available after they recovered from their recent dip.

Afraid I am just going to repeat a couple of shares I mentioned recently on the old thread as I genuinely think they have some good upside potential in 2021.

Steppe Cement is the first. It is a Kazah cement maker and so is an infrastructure play both domestically and internationally. As infrastructure seems to be the way most governments are going to stimulate their economies, tailwinds should follow the cement price. Trading on a historic PE of less than 10. At half year stage profits were 30% up on last year and 3rd quarter update was good. Management have said that nearly all FCF will be returned as a dividend. Dividend has been 3p last couple of years but this year they have introduced an interim 1p and so possibly 4p for the year which at just over 32p would yield over 12%. Very supportive major shareholders who control over 60% of the co. Preliminary results will be out in a couple of weeks.

Second is Amedeo Air Four Plus LD a plane leasing co. They have 12 planes, 8 of which are leased to Emirates airways and the other 4 to Thai airways. Emirates have the full backing of the government and have continued to pay all leasing charges. Thai airways have gone down the bankruptcy route and negotiations are taking place. Worse case scenario they get the planes back. Management have been very inventive in the past when planes have been returned in that they filled their planes via many operators. They also maximise capacity on the planes rather than taking half the seats out to make way for business and first class. Lots of cash on hand and quarterly dividends at a reduced rate appear to have been re-instated. Higher risk I accept but with vaccines coming on stream, more upbeat tone from other leasing co's and a number of years before the company will be looking to sell the planes by which time the secondary market should have improved markedly. I think these could do well in 2021. If quarterly dividend levels are maintained then they are back to 4.6p and yield 13% at 35p. Link to latest factsheet below.



Happy and Healthy New Year all.

[skyship] 31/12/2020 14:54

Here is a better view of the BOWL chart for PRIM; as discussed in the Header.


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[skyship] 31/12/2020 14:41

I've started the new thread for 2021:

[skyship] 31/12/2020 14:39

SPLITs Followers’ Thoughts for 2021

If you’re under 65 you may not get the reference; but to paraphrase Millicent Martin – “That was the year that was, it’s over, let it go!” And what a bizarre year, even the SAXO Bank’s 10 outrageous predictions for 2020 didn’t suggest a global pandemic.

As it was the Central Banks again held back the flood with interest rates for a time even turning negative; and asset purchases ensuring that the March rout was soon moderated. Only here in the UK are the Markets still down to the degree they are; and that would seem to be more Brexit than Covid related.

We now enter 2020 with an EU trade deal in place, global trade deals mounting up (61 to date!) and seemingly only Covid to hold us back from a better future outside the federalist, protectionist and over-bureaucratic EU. With the vaccines queuing up and 100m Oxford / Astrazeneca vaccines on order, maybe, just maybe, we might see things improving as the days lengthen into summer.

The UK indices closed the year still in distinctly negative territory with the FTSE100 at 6461 (-14.3%) and the FTSE 250 at 20488 (-6.4%); however AIM out-performed in sterling fashion closing 2020 at 1157 (+20.8%).

Personally my portfolio gained c2% in H1 courtesy of GGP & DJAN; then thanks mainly to Volta (VTA) & REIT trading in Q4, closed out the year up 21.2%.

My Tip for 2020 – Greatland Gold (GGP) – was a success which will never be repeated, by me at least! The move from 1.80p to 36p, without any share consolidation, meant a rise of 2000% - an outstanding 20-bagger! I only wish I’d held on to a few…

My Spec for 2020 – Bluebird Merchant Ventures (BMV) – also did well. Having dropped c55% in the March sell-off, they then spent the rest of the year in the blue, peaking @ 5.5p (Up 130%) before closing out at 3.75p (Up 56%).

My tip for 2021 is the one I mentioned on 1st December - PRIMORUS Investments (PRIM) - MCap of £4.9m; CASH of £4.8m; portfolio of private co. investments at cost of c£5.00m. All that and one of the best BOWLS you'll ever see – an acknowledged bullish sign for those who know their Technical Analysis. Target 6.0p. versus current share price of 3.50p. Most BOWLS stated are not at all; whereas PRIM most certainly is.

For a summary of their portfolio – see the link below to their recent quarterly update.



PRIM made great strides under the stewardship of Alastair Clayton. He did however have only a very small shareholding; and seemed to rely on an inappropriately high salary and stock options. The new CEO – Rupert Labrum – has an 18% holding & has already slashed costs whilst undertaking a Review for the future direction of PRIM.

This could get very interesting, as PRIM could be considered a reasonably sized cash shell. With the B/S as it is this can be considered a pretty secure investment with potentially very substantial upside.

As for my Spec for 2020 – Hammerson (HMSO) – a bombed out, formerly blue chip REIT, laid low by its commitment to Retail – not the place to be in recent years! I suspect however that HMSO will survive and that the current 24.85p post the Rights Issue and Reorganisation is more a reflection of investor exhaustion than fundamental assessment.

They are now cashed up with no short-term covenant concerns. This Presentation is a good place to start:



Incidentally, like PRIM, HMSO is printing an interesting BOWL chart.

I look forward to reading others’ New Year tips and views; and any contributions throughout the year are most welcome…

=====================

A couple of useful links to commodity prices: