Lonmin Share Discussion Threads

[daybreakers] 18/11/2016 10:21

Lonmin follows platinum, plat falls, this falls, rrs, hoc, fres, poly etc all follow precious metal prices. All down. A correction was due.

I'm looking at 160 bounce off.

[pjm1162] 18/11/2016 10:18

Yep, sellers selling ....

[elvisrocks] 18/11/2016 10:14

Anyone know what's behind today's Price Action?

[pjm1162] 18/11/2016 09:42

Bounced of the low 172 ish but 178 is a solid ceiling by looks of it, I have now added another 100 pound a point sell at 177, I expect it will drip back down to today's low of 172 and a test of 169... I still think 150 ish will come maybe before Xmas

[pjm1162] 18/11/2016 08:14

Dare I say it may touch 169

[pjm1162] 18/11/2016 07:58

Big drop on open coming...we hit 179 yesterday, we should see 174-178 today

[gilesy911] 18/11/2016 06:47

4 Cents!!!!

[daybreakers] 17/11/2016 22:55

Plat has nosedived. You'll get your 178 going towards 150

[pjm1162] 17/11/2016 13:57

I think we are at a 3 month ish low now and my level 2 is showing no signs of a bounce at all.....

[pjm1162] 17/11/2016 13:53

Just to add I am a 100 quid a point short, if I see 178 I will add to my short position

[pjm1162] 17/11/2016 11:43

Yep, looks like 170,s today already, ta wise it is in a good downtrend, may bounce, needs to but it will be temporary..

[pjm1162] 17/11/2016 10:38

Me tooo, Defo going to dip into 170,s this week, once 180.goes then 150 likely I think. No news due, not great profits due to impairments etc etc, it's a sell rec from me

[elvisrocks] 17/11/2016 10:08

Cudmore, ur a bit quiet at the moment, has ur auto replay had a hitch, i.e. "can see £2.50 coming, imho". Shouldn't u been reprogramming the 2 for a 1, i.e. "can see £1.50 coming, imho"!

[harry_david] 17/11/2016 01:51

No smoke and no Big Mac for meI'm patient, I know nobody can predict the timing of price movements but equally I can be sure that we will see a massive jump to compensate for the supply shortfall that is going to hit.Lonmin have shown they have the resources to wait out the current cash drain.This stock is too thin to buy when the good news arrives, my buying is always 20p behind the bid.

[harry_david] 16/11/2016 19:13

Lonmin is definitely an intriguing play with very different takes. For me it is a buy.The performance since Jan has been outstanding in preserving cash by a mixture of skill and luck, skill with unlocking unsold metal and luck with pricing. I do not care about anything else as this gives it the ability to outlast the downturn.The sharp drop since the results is entirely due to the 6% metal fall caused by speculators banking on a bond debacle. They are taking one hell of a risk with the macro position of declining production and stable physical demand.On this last point one should never forget that miners hate admitting to production cuts and when the dust settles we are sure to see that everyone has sliced more off the top than predicted. Even good old Lonmin is doing it, as just disclosed low key without comment! This latest metal price decline could well be the last charge by the bear brigade! I am of course ignoring palladium which is on a victory roll already.

[elvisrocks] 15/11/2016 09:17

Today, I have woken up rather angry with Big Ben, as well as have serious indigestion from my Triple Big Mac. Why? Well the $256m Fx Profit was actually a movement between the two years. The actual figure for the year was (exactly) $300m! Financial and Investor reports are supposed to give a fair and balanced description. Did we hear Ben or leading headlines say "$300m of our $7m profit was actually due to Fx Profits, equivalent to 25% of our turnover". No we didn't, I'm off to get Ben a Quadruple Big Mac now, with no salsa on the side!

[charlieeee] 14/11/2016 21:13

I would agree with that, elvis.

Negative earnings even excluding the special items and not a recovery play at the current POP.

[elvisrocks] 14/11/2016 20:27

Mr jellyfish. Yes, I was bullish but I don't think anyone could have predicted how desparate things got in Jan 2016 when Lonmin at 40p was worth 40% of the cash it had raised a few weeks earlier. In mid January there was a hand brake turn as you know and it has been between £1.80-£2.40 for most of 2016.
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My position is nothing fancy, there are many ways to value a company - profits, assets, cashflow, mining resources and the like, but I also recall Big Ben saying in about March 2016, Lonmin were "there or thereabouts" helped hugely by the plunging Rand. All I am now saying is that the Fx Card has been used, unless the SA Currency becomes like Zimbabwe, and Pt Prices follow much the same as they have been for the last 12 months, we are going to now get big Fx losses in the numbers and for 2017 cash and profits it is bye bye time, i.e. why I espouse a sub £1.50 price.
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I am like John Meynard Keynes, "when the facts change, I change my mind, what do you do sir"?

[cudmore] 14/11/2016 20:02

Thought my £2.50 target was getting closer today.......tomorrow's another day!

[careful] 14/11/2016 19:27

I traded this share a lot about 12 months ago.
The rights issue, consolidation made it messy.
Sold the lot at 192p and came out ahead after much volatility.

Regrets when they rose further, but these results today are much grimmer than i could have ever imagined.
At this rate they will need another rights issue within 3-4 years.
Very grim, I was hoping to get back, but see better value elsewhere.

Loss per share no divi.

[wad collector] 14/11/2016 15:51

What an amazing 5 yr chart ; how to lose almost all its value without actually going bust. This might turn into a ten bagger , but might as well go to the bookies instead for that sort of odds. I will stick to RTZ.

[mrjellyfish] 14/11/2016 15:51

I feel that I have to make a comment on your post.
This time last year,you were saying that Lonmin would rise and was under valued after the RI.All positive comments(after which it went down to the mid Thirties in price.
Now you can only make negative comments,constantly only looking at the bad points,and hardly ever saying good,even after a decent(not flawless,admitedly) ser of figures.
It seems like you go against the tide,in the hope you may be proved correct one day,so you can say I told you so.
Just an observation!