Costain (COST) has fallen on hard times over the past few years and its share price has plummeted by more than 85% from the highs it was trading at as recently as 2018, but it looks as though it has a chance of turning things around following a more promising recent performance. That is why the shares are a BUY.
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.
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.
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.
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.
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.
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.