Village Square - May 2023
It's the start of the month and we put the call out to all our learned Members once again to lift their heads out of their spreadsheets and to be so kind as to share a stock that we can all take away and conduct our own research on.
Remember this section will be fruitful as a ideas hub only if you actually share your ideas. We want to create our own "Stock-topia"
We have a lot of readers... unfortunately not many suggestions... So please do feel free to contribute. This is just an incubator for ideas after all.
We don't monitor the performance of any stock raised, Chris and I don't analyse the stocks discussed and they are not intended to be recommendations in any shape of form. Simply thought bubbles for us to go and investigate. Please be kind and respectful, but most of all be giving. I will kick things off as usual with a sample. It doesn't have to be war and peace as long as a coronation broadcast.
And don't forget our disclaimer....
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3 comments
Charter Hall (ASX:CHC) interests me Elio. Stock rank of 96 and low PE... and much fear and loathing due to a general view that higher interest rates damage property investment management companies. However their net gearing on Stockopedia is low at 3.02% and interest cover of 100%. Interested in your and others' views on this one please.
Jupiter Mines (ASX:JMS) is an ASX listed manganese producer, owning 50% of the Tshipi mine in South Africa. The mine life is in excess of 100 years. The company has a Stockrank of 96, and trades at a PE of 6. The dividend is about 8-10%. In a recent strategic update, the company discussed a 5 year plan to triple production and capitalise on the increased demand for battery metals. The share price is currently stuck between 20-25 cents, and there are risks surrounding a possible global economic slowdown. However, for the patient, it may be one to keep an eye on as a profitable, growing producer, at a time when manganese prices are at a cyclical low.
I spoke with a Stockopedia member the other day and he told me to look at Xanadu Mines (ASX:XAM) who hold the gold-copper Kharmagtai project in Mongolia. Recently securing funding, drilling is underway and its not too far down the road from some massive projects. RIO to the south and Mongolya (an asset of national significance) to the East
Risks are high so eyes wide open. But this month I am going to spend some time putting eyeballs on them.