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are there any bargains out there

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Super Contributor
Not with a barge pole - not in this market. When the buyers leave you high and dry in this stock - you'll understand. It fell to around R40 less than two years ago (from R165)
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Not applicable
Especially since their own annual results gives them a life of mine of 5 years. So a PE of anything greater than 5 is betting on the rand copper price increasing, and Palamin finding new resources
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Super Contributor
so are you going to join me at buying VOD at R80-80?
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Super Contributor
If my old solid shares in my portfolio drop a bit more, I may look to pick up again. For me thats not going to be Palamin LOL, but rather a bit of SPP, DST and BTI. But am going to watch and wait a bit.
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Super Contributor
They have 2 expansion projects - The western exp. project which adds a few years.; AND the LIFT ii project which is pretty massive and involves establishing a new mine under the current mine utilising much of the current infrastructure (and effectively extends life by mine by 18 years (if I recall)). So that is 26 years. Problem is that LIFT ii was projected to cost 3,5 billion 6 or so years ago. Probably 3x that now. So copper needs to remain pretty buoyant. Anyway - it would no doubt involve a massive hedge position (much like ther last one.)
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Valued Contributor
err so did people buy KIO on Monday ??
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Not applicable
question is, would you buy now?
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because that kind of a selloff is almost always retested.
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Valued Contributor
err, not sure .. Monday was easy, today still value BUT less safety net .. I spose probaby I would nibble, but got my full Monday so moot for me ..
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Valued Contributor
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Valued Contributor
for the record .. I bought 3 stocks on Monday; BIL and KIO coz they were massively cheap which would have protected downside (to a degree) .. and SBK, not massively cheap but I like them and at 9100(ish) I figured cheap enough for me ..
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Not applicable
Well done Simon, your opinion on SOL as buy?
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Super Contributor
Good skills on BIL. I was tempted on monday. Chose to sit out cause tues was a holiday. BIL buyers must be super happy today. Esp the CFD bunch!
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Valued Contributor
I like SOl and consier it a corner stone of a portfolio .. but didn;t buy on Monday as it wasn't screaming cheap .. an tot he larer point, yes my buys (well BIL & KIO) looking wauy smart right now .. but in a week or two they could be looking a lot less smart .. thing is I bought at what I consider way cheap and bought for long term so happy regardless ..
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Not applicable
Jip, and cost averaging will resolve the problem if you have furtehr downturn from here
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Super Contributor
I am wanting tos sell the gold to buy BHP...as to the talk of cheap..Skaap..in the hayday of Warren buffets day... information was scares and mispricing happened as a result.. these days.. mispricing happens because of gearing and index related exposures... so one should not be looking at old measures of value but rather be looking to trade the short covering rallies created by the highly geared drops like we have just seen..IMO
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Super Contributor
Long term could be half price! Japan!
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Not applicable
What is the ideal/bargain buying range on the PE, DY and EY of a share
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Super Contributor
African Rainbow - bless her little old heart.
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