Lonmin Share Discussion Threads

[lydnem] 13/3/2017 19:17

Im afraid not kidk. You see, rackers is mentally challenged, and he has trouble remembering his own name, let alone being able to string a sentence of any sense together.

[rackers1] 13/3/2017 18:06

Only referring to you kiddie....so no, not very interesting.

[kidknocked] 13/3/2017 17:19

Lydnem. Did Rackers say anything remotely interesting ?

[lydnem] 13/3/2017 16:42

rackers....you are mentally challenged

[rackers1] 13/3/2017 15:01

where is Kidnocked ?

u still bullish on this ? lol

i tell u folks - wherever he is bullish , get the hell out.

he is a walking disaster zone.

[pjm1162] 13/3/2017 14:15

Glenkaz, your the wannkker for holding this and not selling, lol. What do I advise, well, 86 didn't hold for long and the downtrend carries on, pros unloaded more when idiots like you were buying the bull trap, fake bounce....lolIt will test 81 again, is that diesnt hold then it's 76

[mj19] 13/3/2017 13:02

Only hope is bid guys !! They won't survive 5 years

[mikemaxm] 13/3/2017 12:19

MJ19 As you said yourself and many analyst said and even Ben Magara said Lonmin depend heavily upon price of Pt. Currently the price is very low. WPIC expect 6 % decline in demand for platinum this year. This is very big decline over one year. Aside from Lonmin other producers(Northam, Sibayne, Impala, RBP, PTM, Ivanplats) intend to increase platinum production in medium term. And that will create oversupply. So I expect subdued price enviroment in the next 5 years.

[dlewis1] 13/3/2017 09:35

This seems to have turned now! Downtrend appears to have been broken. Let's see how this closes.

[mj19] 12/3/2017 17:41

A reinvented minerIn the past year, Lonmin's (LSE: LMI) share price has risen 115%. That's 92% higher than the FTSE 100's performance and key to this has been the company's successful strategy. First of all, Lonmin put together the cash resources required to not only survive lower commodity prices, but also to build a better business. Although its fundraising wasn't taken up in full by investors, it nevertheless allowed the company to invest in order to generate efficiencies, become more streamlined and more profitable.In fact, in the current year Lonmin is forecast to reduce its loss per share from over 27p to less than 5p. Next year, it's expected to record a profit on a per share basis, which has the potential to boost investor sentiment in the stock as the market begins to price-in improved performance. And with an improved business model, a rising bottom line looks relatively likely over the medium term.Certainly, Lonmin remains highly dependent on commodity prices, and they will have a major impact on its future financial performance. However, with net assets of £1.15bn and a market capitalisation of only £373m, the company offers a large margin of safety, which indicates now could be a good time to buy it.

[glenkaz] 10/3/2017 21:22

So pjm what you advise now🤔 O great w/nker! 😋

[kidknocked] 10/3/2017 18:32

Not too bad a finish. Still very oversold.

[pjm1162] 10/3/2017 16:03

Looks like it's steadied at 86

[pjm1162] 10/3/2017 10:19

Luisfrg...Short term buy...I say buy SHI @ 106SELL it 109 Don't put a stop on it Quick 3%+ Imo

[pjm1162] 10/3/2017 10:16

Caution, another dead cat bounce.??Buyer bewareFriendly advice

[rackers1] 10/3/2017 09:08

it may be oversold, but as long as kalamity kiddie is bullish then it aint going up

[kidknocked] 10/3/2017 09:04

Dealy. Completely agree. Looking stupidly oversold here now. Let's see if gains can be held onto today.

[dealy] 09/3/2017 22:23

this sell off is ridiculous. $400m of fresh equity plus what existed before hand is now valued at just $280m.

[pjm1162] 09/3/2017 18:38

I'll get back to you tomorrow ref buys..

[luisfrg] 09/3/2017 18:25

Pjm.....I don't short but would love some tips for short term buys.....

[investment dave] 09/3/2017 18:09

Yes possibly see the lows of 30p again shortly

[mikemaxm] 09/3/2017 17:05

"I would have thought the smelting and refining operations alone are worth more than the current market cap !" Well, they are not worth anything unless the company is willing to sell it and someone is willing to buy it. Until then their price is zero.
Lonmin is valued so low because it absolutely cant generate money for shareholders. Moreover there is high chance that shareholders will have to pay another 400 mln in a couple of years for keeping this company from going bankrupt.

[profitaker] 09/3/2017 16:50

Underlying EBITDA for 2016 was $109M. Net assets of $1,502M (£4.37/share) This has got to be worth a punt at this share price I would have thought the smelting and refining operations alone are worth more than the current market cap !

[pjm1162] 09/3/2017 15:06

I told you all to short JOG from 260.It's now 235 Follow me or lose