Last week we recommended Lloyds & Beowolf.……..here is the current status.
Lloyds are now hovering at our suggested 66p buy price ……..if you buy remember we suggested you sell on reaching 72p. It’s in and out due to Euro uncertainty.
With regard to Beowolf their price collapsed 20% this week due to the Swedish mining inspectorate shoving the onus of a licence grant back on the Swedish Government. They have been playing this game for a while now and the price fluctuates accordingly so do not be too alarmed by this drop to 8p as it was 4p less than a year ago. The gamble is on approval and last weeks announcement was not a rejection. Hold tight if you bought and on the bright side this is a better buying opportunity!!
We do not claim to be experts in this field but we think we can guide you in the way of some useful share tips just as good as the so called experts. After all if they were any good they wouldn’t have to work would they? They rely on salaries and commission and are only good at churning fees from you. The brokers tell you one thing and mean another to satisfy waiting clients who want to buy or ditch their stock at the right price!
ie If Mr A has a few million shares in lets say BOXTOP and wants a decent price to sell these then his broker will recommend these as a buy to get the price up and vice versa if Mr A wants to buy the broker will recommend a sell. Ignore brokers!
Well, to get you started we must firstly advise that we think that the market in general is oversold and that there are imminent dangers with the Euro, Brexit and China so don’t get caught in for long.
We give two tips this week:
Lloyds at 66p are value now that the govt has sold its last holdings. We would buy at that or less and sell on 72p for a quick 10% profit. Normally we would hold these but the banking sector is delicate with over borrowing on credit cards and Lloyds now own MBNA.
Beowolf, the mining company are a gamble at 9.5p but any decision to grant them a concession by the Swedish authorities with BEMs exploration at Kallak would see the share price up to at least 25p! If this happens its in and out at a nice profit as mining the iron ore would need finance and incur a Rights Issue dilution to price at a later stage. Be happy with a profit!