The LONMIN share price thread

T

Toothless

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techead said:
dude I totally hear you, and agree (to some extent) to what you saying. All I ask is that you include all the details from both sides of the coin. The move to close down certain operations is an effort to get things going again, it's not a "ok lets just close everything coz we screwed" approach. Someone there has a plan. Well that is my hope anyway ;)
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Sorry techead, but my opinion is that we are screwed. 2 days stats speaks volume of what investors think. Also, if that is what they think, those who still have shares will lose it all eventually.
 
Archer

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I chickened out, 4.5% loss or thereabouts. Worthwhile school fees regardless of what happens next
 
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Toothless

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The drop in share price could not have come at a worse time for Lonmin, just days ahead of its rights offer. Poor company!
 
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e4et

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Archer said:
I chickened out, 4.5% loss or thereabouts. Worthwhile school fees regardless of what happens next
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I sold half my shares. Will leave whatever is left and ride it out, who knows.
Where to drop 1K ? any advice ?
 
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Jehosefat

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Thor187 said:
Exactly, thats what Deutche bank is
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Just no... Deutsche Bank is a global bank that is listed in Frankfurt and New York.

Its also pretty massive: the biggest bank in South Africa is Standard Bank (by assets) and Deutshe Bank is 12 to 15 times the size of Standard...

What we can buy here are just products that it offers that track different indices around the world and not shares in the bank itself.
 
techead

techead

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e4et said:
I sold half my shares. Will leave whatever is left and ride it out, who knows.
Where to drop 1K ? any advice ?
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SSS

After the interest in shares from Coronation, I see Ivestec are hopping aboard as well

Bodes well for the future!!
 
Thor

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Jehosefat said:
Just no... Deutsche Bank is a global bank that is listed in Frankfurt and New York.

Its also pretty massive: the biggest bank in South Africa is Standard Bank (by assets) and Deutshe Bank is 12 to 15 times the size of Standard...

What we can buy here are just products that it offers that track different indices around the world and not shares in the bank itself.
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Dude com' on

Its a pun on the guy who said he bought Deutsche Bank

Obviously I was referring to Deutsche Bank's db x-trackers
 
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Toothless

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e4et said:
Okay, so i dropped my other 1K on trellidoor :) dont even ask why..
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This stopped me from investing in them:

http://www.moneyweb.co.za/news/companies-and-deals/are-you-ready-for-the-new-jse-listings/


Trellidor has been fitting security barriers in South Africa since 1976. It has an estimated market share in South Africa of between 35% and 50%. It intends to list on October 21.

However, while security is a booming industry in South Africa, Trellidor is not getting analysts excited as its growth prospects look fairly muted.

“You would imagine that most people who need a Trellidor already have one,” says Brown. “There is some space to grow in new housing and upgrades, but it’s not massive.”

He says this looks like a classic top-of-the-market listing, with the founding shareholders looking to divest 50% of their shareholding.

“If it’s such a great company, why are they looking to get out?” Brown asks.
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e4et

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Ianf1

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I see Benjamin Graham does not recommend IPOs. I would suggest reading this. http://www.safalniveshak.com/3-reasons-ipos-are-bad-investments/
Over my 11 years of experience in the stock markets, I have rarely come across any IPO that has been launched keeping in mind the interest of investors.

A majority of them have been launched in the form of ‘legalized looting’ by company promoters and their investment bankers.

I have come to believe how Graham defined IPOs in The Intelligent Investor. He said that intelligent investors should conclude that IPO does not stand only for ‘initial public offering’. More accurately, it is a shorthand for…

It’s Probably Overpriced, or
Imaginary Profits Only, or even
Insiders’ Private Opportunity
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Read the whole article it is an eye opener.
 
T

Toothless

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Thor187 said:
This is what a better managed company does when faced with trouble ( bold action )


http://in.reuters.com/article/anglo-american-restructuring-idINL8N13X15H20151208
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Yep, this is why you can invest in this company knowing you will get a return on your investment in 10-20 years time. Problem with Lonmin is that you are not sure when the company will fold and you lose your total investment.

Big question you got to ask yourself, which one of the following two people would you rather trust with your investment?

https://www.google.co.za/search?q=j...KtBSzk63084vSE_MyqxJLMvPzUDhWyan5ANy2jpE8AAAA

or

https://www.google.co.za/search?q=j...dSzE620s8vSk_My6xKLMnMz0PhWCWn5gMAzhco0z4AAAA
 
Mike Hoxbig

Mike Hoxbig

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Toothless said:
Yep, this is why you can invest in this company knowing you will get a return on your investment in 10-20 years time. Problem with Lonmin is that you are not sure when the company will fold and you lose your total investment.
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It was never an investment, it was a gamble. This was clear throughout...
 
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