Will! Posted December 16, 2013 Share Posted December 16, 2013 I went looking for value in the world of commodities the other month and bought some Kazakhmys shares after deciding that they were somewhat undervalued. They duly fell by another 25%. I'll probably buy some more early next year, although China going pop remains a worry. Has anyone else dabbled in the world of industrial miners? Quote Link to comment Share on other sites More sharing options...
bearwithasorehead Posted December 18, 2013 Share Posted December 18, 2013 I went looking for value in the world of commodities the other month and bought some Kazakhmys shares after deciding that they were somewhat undervalued. They duly fell by another 25%. I'll probably buy some more early next year, although China going pop remains a worry. Has anyone else dabbled in the world of industrial miners? Kaz was on my potential buy list at the beginning of 2009 when it was 220. By the time I had the funds I needed it had gone up to the 600s before peaking in 2011 at £16. In some respects watching it rise and fall was a great lesson in itself. I considered buying it when it was 250 recently, but that memory held me back. I may buy if it goes below 180.... Too much risk. On the other hand I am underwater by 15% on FXPO (Iron Ore Ukraine), which shows that I still made the same mistake! Quote Link to comment Share on other sites More sharing options...
Will! Posted December 22, 2013 Author Share Posted December 22, 2013 Too much risk. Certainly plenty of that. Will the Chinese credit bubble go pop and their demand for commodities collapse? Will they respond by printing renminbi? What on earth would happen then? Quote Link to comment Share on other sites More sharing options...
porca misèria Posted December 23, 2013 Share Posted December 23, 2013 I don't hold any miners directly, but I have exposure through a natural resources fund. Saves trying to learn about, or keep track of, a bunch of companies that are totally outside my knowledge and experience. Quote Link to comment Share on other sites More sharing options...
bearwithasorehead Posted December 26, 2013 Share Posted December 26, 2013 I don't hold any miners directly, but I have exposure through a natural resources fund. Saves trying to learn about, or keep track of, a bunch of companies that are totally outside my knowledge and experience. Good plan, but I am thinking I will exit all commodity plays apart from oil majors completely soon. Maybe a dabble with Kaz first. Quote Link to comment Share on other sites More sharing options...
Will! Posted December 28, 2013 Author Share Posted December 28, 2013 Good plan, but I am thinking I will exit all commodity plays apart from oil majors completely soon. Do you have any favorite oil majors or do you buy across the sector? Quote Link to comment Share on other sites More sharing options...
bearwithasorehead Posted December 29, 2013 Share Posted December 29, 2013 Do you have any favorite oil majors or do you buy across the sector? 'Never sell Shell' - looking cheap at the mo. Also BP might be a good play on recovery after the court case in US. Also oil play is Lamprell - they make rigs in the ME. Quote Link to comment Share on other sites More sharing options...
bearwithasorehead Posted December 29, 2013 Share Posted December 29, 2013 Kaz was up 8% yesterday. Of course I was too slow... Quote Link to comment Share on other sites More sharing options...
Will! Posted January 5, 2014 Author Share Posted January 5, 2014 'Never sell Shell' - looking cheap at the mo. Also BP might be a good play on recovery after the court case in US. Also oil play is Lamprell - they make rigs in the ME. Interesting, thanks. Quote Link to comment Share on other sites More sharing options...
bearwithasorehead Posted January 21, 2014 Share Posted January 21, 2014 Interesting, thanks. WOw, Shell looking like a car crash now with profits warning, but amazing that SP lost so little. Quote Link to comment Share on other sites More sharing options...
Will! Posted February 27, 2014 Author Share Posted February 27, 2014 KAZ spiked today on good year end results, but I think they've got lower to go if China goes pop. I'm out for now. Quote Link to comment Share on other sites More sharing options...
RaddaBoutYeeee Posted February 27, 2014 Share Posted February 27, 2014 which online site would you recommend to use to buy shares from? ive checked some online brokers and the fee's per transaction is pretty hefty - you'd need to make some big gains in share price to make a profit after the approx £25 buy/sell transaction fee. Quote Link to comment Share on other sites More sharing options...
Will! Posted February 28, 2014 Author Share Posted February 28, 2014 I use the Halifax. which online site would you recommend to use to buy shares from? ive checked some online brokers and the fee's per transaction is pretty hefty - you'd need to make some big gains in share price to make a profit after the approx £25 buy/sell transaction fee. Quote Link to comment Share on other sites More sharing options...
Will! Posted March 3, 2014 Author Share Posted March 3, 2014 I'm a bit surprised KAZ has held up so well in the face of war in the Black Sea. Quote Link to comment Share on other sites More sharing options...
wherebee Posted March 24, 2014 Share Posted March 24, 2014 Could be some bargains - or fortunes lost! depending on which way the russian/ukrainain spat goes... Quote Link to comment Share on other sites More sharing options...
Will! Posted January 14, 2015 Author Share Posted January 14, 2015 http://www.bloomberg.com/news/2015-01-14/glencore-plummets-to-record-after-copper-joins-commodity-slump.html And we haven't even seen the extent to which China will go pop! Quote Link to comment Share on other sites More sharing options...
Will! Posted April 1, 2015 Author Share Posted April 1, 2015 http://www.bloomberg.com/news/articles/2015-03-31/iron-ore-s-10-year-low-not-slowing-china-production-push Miners benefit from low energy prices so I think there might be some real pain if and when the price of oil starts to rise again. Of course, if China does massive QE then there might be a commodity bubble. Quote Link to comment Share on other sites More sharing options...
Will! Posted November 11, 2016 Author Share Posted November 11, 2016 I sold my Kaz shares on election day in anticipation of some post-Trump sell off! Curses curses curses. Quote Link to comment Share on other sites More sharing options...
longtomsilver Posted November 11, 2016 Share Posted November 11, 2016 I've sold a quarter of my WTI position today (375,000 shares) as I'm now making a small profit and moved that into SLP where I'm holding 1,000,000 shares exactly with today's rounding exercise. Both have the potential to do very well. Quote Link to comment Share on other sites More sharing options...
Will! Posted November 11, 2016 Author Share Posted November 11, 2016 I do wonder about buying some SLP. Are they having problems with increasing industrial action at their mines? I may be thinking of somewhere else in South Africa. Quote Link to comment Share on other sites More sharing options...
longtomsilver Posted November 11, 2016 Share Posted November 11, 2016 1 hour ago, Will! said: I do wonder about buying some SLP. Are they having problems with increasing industrial action at their mines? I may be thinking of somewhere else in South Africa. AFAIK Sylvania Platinum completed a 3 year wage negotiation a few years back which should take them into next year. The workers agreed to a NO STRIKE clause at the time, big penalties if they do. Quote Link to comment Share on other sites More sharing options...
Will! Posted November 14, 2016 Author Share Posted November 14, 2016 Ah, thanks. I was thinking of this http://www.bloomberg.com/news/articles/2016-05-27/union-starts-strike-at-sibanye-platinum-mine-in-south-africa Quote Link to comment Share on other sites More sharing options...
Will! Posted November 24, 2016 Author Share Posted November 24, 2016 Although there's also this South African Miners Target Government Over Mining Charter Quote Link to comment Share on other sites More sharing options...
longtomsilver Posted November 26, 2016 Share Posted November 26, 2016 On 24/11/2016 at 11:37 AM, Will! said: Although there's also this South African Miners Target Government Over Mining Charter Thanks for the link - definitely food for thought. I sold out of my ISA holding and only holding 665,000 shares across two SIPPs maybe I should coin a new term self-inflicted poor person Quote Link to comment Share on other sites More sharing options...
Will! Posted November 28, 2016 Author Share Posted November 28, 2016 On 26/11/2016 at 1:01 PM, longtomsilver said: I sold out of my ISA holding and only holding 665,000 shares across two SIPPs maybe I should coin a new term self-inflicted poor person But think of the stories you'll be able to tell in your retirement! Reviewing this thread it looks like I'm a bit obsessed with this but the Chinese moneyball rolls on: Bloomberg: China’s Ball of Money Is Rolling Back to Commodities I like the sub headline: Quote Hot money has come full circle Quote Link to comment Share on other sites More sharing options...
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