Shaft Sink Share Discussion Threads

[technofiend] 09/7/2013 19:22

"Looks like the mining disputes that helped the slide are being resolved too. 10 mil market cap seems cheap."

mega_trader, what makes you say this?

[rcturner2] 09/7/2013 18:42

Take a look at POG and see how well that gold miner is doing.

[mega_trader] 09/7/2013 16:30

Driven down magnificently from the short sellers may I say to oversold, thanks. The chart looks about to turn positive from here. Down 50%ish from results could be a swift rise with a bit of buying and short covering.

Looks like the mining disputes that helped the slide are being resolved too. 10 mil market cap seems cheap.

Gold/platinum miners on the up too.

hxxp://www.investortrader.co.uk/07-2013/is-it-time-to-hold-gold

[buywell2] 09/7/2013 15:33

Charts look at EVERYTHING .... don't delude yourself

Don't use them .... and you miss out on a 70% edge

[empirestate] 09/7/2013 15:31

blimey, this one's feeling the summer blues.

[rcturner2] 08/7/2013 20:59

cocomac - you may well be right and everything is fine with SHFT. It is also possible that you are wrong and there is something amiss with SHFT.

You don't seem to have considered the second possibility. That is a worry.

[simonh88] 05/7/2013 18:09

Hey cocomac0 you total fool, can you not read?!

I and umpteen others have clearly outlined facts which tell a sorry story of SHFTS failings and why it's in the mess it's currently in and steadily getting worse.

what part of this don't you understand?
"April results, look at the lack of orders, look at the trend lines, market sentiment, Eurochem, it's not fallen and continuing a sharp decline because it's well managed that's for sure and when will it run out of money I wonder?"

Let the trend be your friend and the charts are clearly saying this as much, much further to fall - 16p anyone?

And I'm still waiting for your 'expert' analysis as to why this company is not well and truly screwed!



Your lack of ideas, knowledge is on a par with the board at SHFT - you're both sad losers

[wylecoyote] 05/7/2013 12:45

HH,

I agree, I haven't researched the company in the same level of detail and depth that you have. However, a lot of the detail that you post is superflous and irrelevant, it doesn't change my judgement. Like I said, to RC Turner, it is an interesting case and has obvious potential. However the market doesn't agree with the long side, it may change with a good RNS. However, the only time I went long was to collect the yield at the middle of 2012, I cannot remember how much it was, but it was quite a sizable amount. That was the only time i went long and quite prosperous it was too. I remember thinking at the time it was quite foolish by the management as they were only using the IPO to pay the yield. Now, my short from 43.5p is paying off too. So, having an in depth knowledge of the company is not necessary unless you identify it's moat or ISP.

[hedgehog 100] 05/7/2013 11:37

WyleCoyote 5 Jul'13 - 07:11 - 2181 of 2185 0 0
"HH, you are right of course... the salaries and bonuses were for 2011... shroder left but not before getting his iPO bonus. Has that role been replaced?..."


Has SHFT's Chief Operating Officer, Rob Schroder, been replaced?!
You've obviously researched this company well haven't you!


From SHFT's August 2012 interims:

"...The appointment of our new Group COO and MD South Africa, Louis Germishuys, will enhance our efforts to improve profitability. We have started to see signs of success in our international expansion programme and in diversifying the industries to which we are exposed. We believe that our Hindustan Zinc contract win is a sign of good things to come, and our order book is growing once more...."


This is what Sigala said about this appointment on his ValueGrowth Investing thread:

Sigala 23 Jan'13 - 22:16 - 268 of 647 0 0

"...The other fly in the ointment is their operational underperformance this year - they need a strong hand on the tiller as it were. A good COO is worth their weight in gold - the appointment of Louis Germishuys sounds good. His credentials look right - and apparently he has been COO of SHFT before, so he should know how this company ticks.

I haven't researched the CEO much - but from what I've read it doesn't leap out at me that he has a lot of practical mining eperience - perhaps he is more of a money man and deal maker - which is fine - but that makes it even more improtant that he has a strong COO at his right hand to tell him what is possible and what is not...."


The operation underperformance that Sigala was referring to was in the first half of 2012; there was of course a strong second half recovery.

[hedgehog 100] 05/7/2013 11:01

The fact that we're well into July now is a good point ... people will be increasingly looking to SHFT's interims, which should be next month.

And small cap. penny shares do tend to dip during the summer months creating some stellar buying opportunities, which is why it's worth having a 'watch-&-wait' list to take advantage ... a point made in last week's I.C. by Simon Thompson in relation to Trading Emissions - you could have doubled your money there since last summer relatively safely.

Can the same happen with SHFT? Yes.

Look at the fundamentals and trust your judgement.

[wylecoyote] 05/7/2013 09:42

RC, well put. Succesful Investing is about looking to the future and limiting the downside. Thats means piecing the evidence together as a whole and using all the relevant tools to predict the future. Otherwise it is a gamble. In my opinion, this is an interesting company. However, the sum of little clues in the RNS's and share price performance suggest that there isn't much to be hopeful for in the 'immediate' future.

[rcturner2] 05/7/2013 07:31

cocomac - unfortunately what tends to happen is that you find out about the "facts" afterwards.

When companies go bad or the market they are in goes bad (or both) there tends to be a lag between the events on the ground and the "facts" being stated in RNSs.

[ivyhuang] 05/7/2013 07:15

cccccccccccccccccccccccccccccccccccccccccccccccccc

[wylecoyote] 05/7/2013 07:11

HH, you are right of course... the salaries and bonuses were for 2011... shroder left but not before getting his iPO bonus. Has that role been replaced? Also, the cynic in me suggests that he left, as he knew he was unlikely to receive the share options through eps growth!

[cocomac0] 05/7/2013 00:53

Hahahaha simonh88, you are well class.... love it

Well, I see you did not manage to use any empirical data to show how shft is crashing like I challenged you to...... which means u can't, or else you simply would have done!!

So, are shaft having difficulty with their banking facilities.. Nope
Are shaft asking for money from their shareholders.... Nope
Did the second half of last years results not pick up significantly from the first, certainly above the current P/E ratio.... Yep
Were you able to use financial figures to back up your ridiculous speculative claim..... NOPE no and nuh uh!!!


Thanks for amusing me tho simon, it's like being threatened by a little bunny rabbit. Cheers pal. Have a good un.



Oh, and spwh100........ errrrrr, nobody's saying the price is gonna rocket up, and I have no desperation, that's why I am able to be patient and wait for things to turn around..... which they will. It's the short sellers who are clearly desperate by trying to justify spurious claims and not being able to do so coz they are just scare mongering.
But I ain't putting up with people just making up garbage, I'll challenge them to justify themselves and highlight the fact that they can't, as has been the case with several posters in the past few days.

[spwh100] 04/7/2013 23:01

and it's a red sky tonight, Friday tomorrow, plus we're in July now so therefore SHFT will rocket up in price tomorrow!

it's called clutching at straws as some people really are that desperate, don't give up your day job whatever you do :)

[hedgehog 100] 04/7/2013 22:07

Centamin have risen nearly 15% today (which has given Capital Drilling a lift).

Which shows how quickly sentiment can change.

Both CAPD & SHFT look undervalued, and as quality, profitable companies with good assets are I believe being unfairly treated by the market.

The global economy is still growing, and with signs of capitulation in the market, I would anticipate at least a good bounce for mining services companies over the summer.

Momentum is a double-edge sword: and once it starts upwards, it can be a good ride.


P.S. Could Capital Drilling be forming a double bottom? If so, probably good news for SHFT, as the two stocks seem to show some chart correlation.

[hedgehog 100] 04/7/2013 21:35

Well said cocomac0!

I'm sure you'll still get that nice big flat screen TV!

The time to be worrying would be if mining and mining related shares in general were booming, and SHFT was the only one going down: now that could and probably would be a bad sign.

But look around you, and you see many mining shares down 90%. A few retail sellers have sold a few, which could be for many reasons - e.g. margin calls on a falling mining share. Will such people have inside information? Of course not.

[cocomac0] 04/7/2013 21:02

Ha ha, called your bluff Simonh88

You've got nothing. Shaft sinkers is not bloody crashing so just button it!

[cocomac0] 04/7/2013 20:38

I ain't the one putting out wild claims. I ain't exactly saying it's going to be 180p next week. Your the one that needs to justify the extreme comments, mine are moderate.

So go on, give us the raw date which shows an imminent crash




Ya can't can ya, which is why u won't

Cheers. Peace out

[cocomac0] 04/7/2013 20:36

So go on then moron...... put it in empirical figures which shows how the company is going to crash!!!

[simonh88] 04/7/2013 20:33

The company is quite clearly stuffed and in a very dangerous position, but we've all known that since those lousy results a few months ago, it was obvious to all except the blind and stupid that things weren't going to get better any time soon.

For Hedgehog to blame another poster for posting their honest opinions on SHFT for damaging the share price is the sign of desperation and a complete loser.

You ONLY have YOURSELF to blame and as I've said before, use stop losses or accept the consequences and stop complaining.

It's the incompetence of the board at SHFT, poor results and trading outlook, market sentiment in the mining sector, lack of actual orders and Eurochem to name but a few, which has caused the share price to crash, so Hedgehog don't be a complete moron and try to blame others

If Muckshifter, WyleCoyote, Buywell2 and others had posted their comments and the share price shot up to 70p, I'm sure you'd be gloating now, calling them every name under the sun and if you can't take your losses like a man, then it's time you got out and stuck to ISAs

Next stop - liquidation!