Up - as an investor. These guys are smart and ahead of the pack.
What's medium term?
Swiss
M
malaguti
the share price says keep well away to me. its been in a downtrend for the last 5 years, its not looking likely there will be any recovery anytime soon. They may be ahead of the pack, but their shareholders clearly don't think so
True but I reckon they have got (getting) their house in order early and been punished by the institutions. Medium term to me is 5-7 yrs as an investor. Commodities will slide more yet - but I believe those positioned for an eventual recovery in price will reap the rewards through early pain now.
(ps I have not bought any stock yet but have been keeping an eye out on price and news).
counter_violent
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Should show in here somewhere.
http://www.londonstockexchange.com/...rmName=frmDateTime&hh1=15&mm1=40&hh2=16&mm2=0
Oscar Reed
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Are you allowed to short them.
Just a thought.
Just a thought.
phoenix25140
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Hi Jungerns, im glad someone has raised concern over these once monumental mining stocks withing the ftse. I've just invested lightly in Anglo and Vedanta with the view of holding 2-3 years upon recovery. I cant see either of the them going into administration simply because of the cash still within the businesses.Vedanta debt steadied in 15 and revenue was flat but not reduced however clearly profit is terrible due to zinc and general commodity prices. Any opinions welcome.
f2calv
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Why put yourself through any pain at all? I find it hard to believe a v-shaped reversal is in the offing any time soon for resource stocks. It'll be a long drawn out affair, pretty muchlike the 5+ years of drawn out selling.
Agreed. 5-7 yrs is my timeline (medium term).
Oscar Reed
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Oscar Reed
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If you want a double bang for your buck/pound.
Buy the miner in Australia.
When the miners go back up again in theory the A dollar should go up against the pound.
Glencore not listed in AUS, they merged with Xstrata a while back.
One day purple line BHP should go above white line GBPAUD.
Buy the miner in Australia.
When the miners go back up again in theory the A dollar should go up against the pound.
Glencore not listed in AUS, they merged with Xstrata a while back.
One day purple line BHP should go above white line GBPAUD.
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Thanks Oscar - was already on to it! Imho BHP worth drip feeding in the current environment plus AU Mining ETF's worth looking at. Currently resident in UK hence interest in Glencore. All medium-long term plays.
Australia has not felt the pain yet of China slowdown in wider economy and not sure the majority of the population has realized it yet. The Govt is very belatedly woken up to try and diversify the economy with tech/startup initiatives - should have done it 10yrs ago when the coffers were full. I was always amazed at the lack of foresight of the pollies (what a fine bunch they are!) and apathy in peoples attitudes in general!
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