Lonmin Share Discussion Threads

[gilesy911] 23/11/2016 08:25

Someone is confident as a few biggish buys gone through today 10k

[pjm1162] 23/11/2016 08:12

Getting closer to the 160,s !!!!

[pjm1162] 22/11/2016 15:33

160's this week I said in a previous post, not sure if will happen today, it's trying to bounce of the 3 month low again, it will be a very short lived bounce, trust me....

[elvisrocks] 22/11/2016 15:09

In the words of Cudmore "I can see £160s coming today imho" or "here comes sub 170 imho". Gold miners down big today also.....

[pjm1162] 22/11/2016 14:29

Shorters killing it again...

[cudmore] 22/11/2016 12:00

Shorters are quiet today LMFAO!

[daybreakers] 22/11/2016 09:54

Grow up ffs.

[cudmore] 22/11/2016 09:27

Shorters.......scum!

[pjm1162] 22/11/2016 09:15

Similar pattern again...jump on open then very slowly taken down by the auto bots , likely close to near flat again imo 176 area unless pt can hit 970 but doubtful

[gilesy911] 22/11/2016 08:20

£1.50 then

[pjm1162] 21/11/2016 11:22

https://www.americanbankingnews.com/2016/11/19/peel-hunt-cuts-lonmin-plc-lmi-price-target-to-gbx-150.html

[pjm1162] 21/11/2016 09:15

184 area attracted many sellers, looks like a usual drip down into 170's today again. These bounces were always gonna happen but sustaining them will be difficult

[harry_david] 21/11/2016 06:22

Short term these are due a nice bounce, this sell off has over run its brief panic.No doubt I'll be proved wrong today but will be adding anyway!
Longer term we have a 500 mil pound
company producing over 1 mil pgm ozs a year. The shares are either worth 6 quid or nothing, I am still betting on the latter. Broker reports are meaningless in this situation.

[pjm1162] 20/11/2016 17:57

Ok all , 160,s at some point next week...it's nailed on imo.....don't forget the increased wages cost also they will pay now...if platinum jumps back to 1000 then this will jump but it's really not in favour yet, palladium is a much better bet

[daybreakers] 20/11/2016 12:06

Might be an idea to hedge your shares by shorting lmi.

😉

[careful] 20/11/2016 11:55

But would they have a value to some other operator in a time of consolidation?
The control of supply to increase prices significantly is a possibility.

Things change quickly in the industry. Buying into LMI is an instinctive punt on the fact that platinum and other PMG metals will become much dearer going forward.
Easily controlled supply.

[elvisrocks] 20/11/2016 11:30

I too want to save myself money and sorry to bang on about the same points, but a share price reflects the view of future prospective earnings. Let us again concentrate on EBITDA (there's nothing much below there). 2016 EBITDA after taking out the FX = 109-305m = $196m LOSS ; 2015 21-50m = $29m LOSS, in other words, Lnmin made nearly SEVEN TIMES THE LOSS of 2015 were it not for exchange.
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Now add to that Big Ben saying Fx at that level not expected to recur, cost savings harder to find, Pt Price expected to be subdued or more accurately, and I quote from the Presentation that 2017 "Supply remains unchanged • Jewellery could recover but at risk • If investment continues deficit will continue • Recycling could narrow deficit", perhaps people will understand why this is an overvalued share?
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However, I am not as bad as Peel Hunt who reckon Lonmin won't be cash flow positive (due to CapX requirements) or pay a dividend for 9 years!

[pjm1162] 20/11/2016 09:55

I am trying to save people money here, it is not a buy at this price. Wait for the next quarter results at least and then make your mind up to buy or not, but I am 100% sure the results will not be maliny anyone píle in.....

[gilesy911] 20/11/2016 06:33

Thanks guys

[abryer] 19/11/2016 18:13

Some have short positions. Some sold to early after the RI and are desperately trying to get back in so have conveniently changed their view on Lonmin.

[elvisrocks] 19/11/2016 15:48

Because it's 12-18 months before a recovery play, if you read the year end presentation demand and apt price expected to be subdued, costs now all squeezed and $300m in their profits due to FX not expected to recur. Need we say anything else?

[gilesy911] 19/11/2016 15:27

Why all the negativity towards this share ??

[elvisrocks] 18/11/2016 18:54

I would tend to agree with £1.50 coming soon (I sound like Cudmore, LOL!) - 10% drop from today takes us to £1.58 and with Pt falling like a stone. Might not go straight down by 10% but three lots of 4% or so drops offset by a couple of 1-2% "bounces" or so, I am £1.55 by end of November, sub £1.50 by Xmas, could test £1.25 even I'm now thinking with no Fx Card to support falling prices

[pjm1162] 18/11/2016 16:15

Glad I added to my short at 177, looks likely 160 next week imo