Following Paul's idea of individual thread heres one on a Stocko favourite that has many positives, but what is its true value.
Positives
- Stalwart of the Jim Slater screen for a few years, just recently fell off (EPS only 14.4 instead of > 15)
- PER miserly 3.3
- Market Cap £275m
- Dividend 4%+
- Cash Balance of £72 m (quarter of the market Cap is cash.
- Both House Broker and Simon Thompson have price target of near 200p
Negatives
- Volatile, dependent on price of PGM, but expected shortage of Rhodium should help
- Located in South Africa, but recent unrest did not affect them
They are a hefty 26% of my portfolio and I would like to reduce the holding down to around 10%, hope to retire within 9 months, and too volatile for a good night sleep once I eventually decide to stop working, I can keep going for a few years, so no rush, but currently down to 97p from a recent high of 143p.
What are the rest of the community thoughts, where does true value lie? Everything says hold and forget, but what am I missing?
Be kind to all.
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