The way the markets are currently it feels like there is plenty of risk in buying anything, even in the sectors that are expected to remain strong in the coming months.
Central Asia Metals (CAML) is one of those companies which I think is consistently undervalued by the market, and although it carries some degree of geo-political risk, I believe that too large a discount is applied for that.
I always find it hard to buy shares where I see fundamental good value and where I am intending to hold them as an actual investment rather than just a short term trade based on momentum.
Centamin (CEY) has always been one of my favourite gold producers, and although I may not be as bullish as fellow ShareProphets writer Nigel Somerville, I still expect the metal to do well over the next few years.
Gary Newman provided excellent commentary on Friday on the latest in the evolving demise of Hurricane Energy (HUR) from AIM O&G darling to AIM gambling fodder, while I was busy picking up my milk float and learning to drive like Ernie. Tom commented in Bearcast how he also saw a debt for equity deal looked like a probable outcome. I’m not sure I see the investment case even that favourably when I start to drill into the detail.
Hurricane Energy (HUR) promised so much but it looks like it will end up joining the long list of failed companies in the natural resources sector following recent updates, including the interims today.
Another month goes by and once again I find myself commenting on Hurricane Energy (HUR). I highlighted my concerns about the technicalities of the production from the Lancaster field in my interview with Tom Winnifrith at the Shares Conference and well as in articles on this site. Todays disastrous RNS confirms my concerns are very valid.
Pest control and hygiene company, Rentokil Initial (RTO), wasn’t looking particularly strong even prior to the arrival of Covid-19 and was trading at a very racey valuation, in my opinion.
Picking shares that are worth buying at the moment is a real minefield as the situation with Covid-19 is changing all the time. It would be very easy just to sit here and say ‘sell everything’ and you could probably stick a pin in a list of stocks at the moment to pick a sell recommendation, and the chances are that it would go down, at least in the near time!
Year end results today from Hurricane Energy (HUR) answer some questions I have raised, but left others unanswered – it’s a bit of a curate’s egg at first glance. The company has provided clarity on some issues, not least of which in the current market is a going concern assessment against expected low oil levels, but left other questions unanswered but I remain of the view this is over valued at the current time.
The markets this week have been so poor that even a monkey could have picked 10 shares to short and made money. Hurricane Energy (HUR) has not suffered as badly as many in the oil and gas sector. I have commented on Hurricane Energy (HUR) on a regular basis in recent months as the operational story has evolved, calling it a hold pending further and better information regarding water cut in the Lancaster field wells and forward plans. Yesterday’s RNS telling us the CFO had walked, together with a few other risk issues has triggered me to now call this a SELL.
Assuming that you aren’t just going to move entirely to cash and wait for the markets to bottom and show signs of a rebound before buying anything, there are still some options for shares to hold whilst you ride out the storm.
At first glance Argo Blockchain (ARB) seems to be very different to the type of companies that I normally cover within the natural resources sector, but the actual economics of the business isn’t all that dissimilar.
Bushveld Minerals (BMN) has turned out to be my best performing mining tip ever and shows that it is possible for a small AIM outfit to become a successful producer.
Regular readers of ShareProphets will know that I am usually very wary of any natural resources company that isn’t actually producing anything, especially if they are valued in the hundreds of millions.
Occasionally a company which looks dead and buried does actually manage to turn things around, and I’m starting to wonder if that will be the case with Management Resource Solutions (MRS).
Hurricane Energy (HUR) is a company that I have followed closely, and have been invested in at various times, since it first floated on the AIM market, and it has come a long way since then.
Hello Share Swiggers. Let’s have an update on IQE (IQE) my favourite ‘new technology’ share. Though it’s not hard to reach that favoured position as I do not invest in many technology shares having been burnt rather too often.
Hello Share Players; What's the biggest jewellery chain in the UK? Signet (SIG). And in the USA? Signet. And in Canada? Signet. I've recommended this glittering share before, having seen my initial investment rocket. But the success tram keeps on rolling up the high street.
Hello Share Meddlers: There are lots of little pointers we need to consider before buying or selling a share. Most of them are hard to get your head around.
XP Power (XPP) commissioned this research note from Edison and so it cannot be viewed as impartial. But the analysis appears solid and it contains detailed forecasts which are of interest.
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