Fair enough, I am terrible at predicting macro events and trends hence I am forced into taking a mu h longer view of my trades.
ILU - Iluka Resources
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Fair enough, I am terrible at predicting macro events and trends hence I am forced into taking a mu h longer view of my trades.
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Iluka Resources ~ New Investor
Hey guys,
I am new to investing and currently a minor. I thought to myself i might give investing a try and i've gotten a bit worried. I invested $1000 in Woodside and $500 in Iluka Resources. I think i made a mistake with Iluka Resources because they have a dividend yield of 8.6% which i thought was really high. Then i did more research and found a few problems. I didn't pay a brokerage and i bought it at $9.2. Would people recommend I cut my losses and get out with a $20 loss or wait it out? Are the dividend distributions good because i'm not sure it will go up. Do you have any recommendations if I pull out from the share?
Thank you very much for your assistance!! I really appreciate IT!
Hey guys,
I am new to investing and currently a minor. I thought to myself i might give investing a try and i've gotten a bit worried. I invested $1000 in Woodside and $500 in Iluka Resources. I think i made a mistake with Iluka Resources because they have a dividend yield of 8.6% which i thought was really high. Then i did more research and found a few problems. I didn't pay a brokerage and i bought it at $9.2. Would people recommend I cut my losses and get out with a $20 loss or wait it out? Are the dividend distributions good because i'm not sure it will go up. Do you have any recommendations if I pull out from the share?
Thank you very much for your assistance!! I really appreciate IT!
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Re: Iluka Resources~New Investor
If you sell the loss is realised, if you hold on it isnt a loss.
I would hold it... whats the rush?
If you sell the loss is realised, if you hold on it isnt a loss.
I would hold it... whats the rush?
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Re: Iluka Resources~New Investor
Yeah thanks for the advice, calmed me down a bit. Would u have an idea at what loss it would be time to get out and are the dividends gonna be strong in 2013. Do you think the share will go up?
Yeah thanks for the advice, calmed me down a bit. Would u have an idea at what loss it would be time to get out and are the dividends gonna be strong in 2013. Do you think the share will go up?
So_Cynical
The Contrarian Averager
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Re: Iluka Resources~New Investor
Hello Dunlop...you will find almost all stocks already have a thread and thus an appropriate place for discussion that is relevant to that particular stock.
The ILU thread can be found here. https://www.aussiestockforums.com/forums/showthread.php?t=6067
And we don't give buy and sell advice.
Hello Dunlop...you will find almost all stocks already have a thread and thus an appropriate place for discussion that is relevant to that particular stock.
The ILU thread can be found here. https://www.aussiestockforums.com/forums/showthread.php?t=6067
And we don't give buy and sell advice.
skc
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Re: Iluka Resources~New Investor
Work it out for yourself. Here's a hint. Look at their latest production volume for price forecasts. Look at the gross margin and costs, and work out what profit they might make for the half year, and work out how much dividend they can possibly pay.
But if you want to have a longer term view than the immediate half year, then ask yourself what are the drivers of ILU's products and their forecast demand and prices.
Hold if you get a positive respond, sell if you get a negative respond, or give up if it's all too hard.
If you don't check the price, you don't even know it's a loss...
Work it out for yourself. Here's a hint. Look at their latest production volume for price forecasts. Look at the gross margin and costs, and work out what profit they might make for the half year, and work out how much dividend they can possibly pay.
But if you want to have a longer term view than the immediate half year, then ask yourself what are the drivers of ILU's products and their forecast demand and prices.
Hold if you get a positive respond, sell if you get a negative respond, or give up if it's all too hard.
If you don't check the price, you don't even know it's a loss...
skc
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Re: Iluka Resources~New Investor
I think you'd be disappointed if you are expecting 55c dividend. Their sales halved from last year's record, and the impact on NPAT is probably an even larger.
History is a poor guide in this case.
I think you'd be disappointed if you are expecting 55c dividend. Their sales halved from last year's record, and the impact on NPAT is probably an even larger.
History is a poor guide in this case.
pixel
DIY Trader
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Support? Potential matching Bottom?
Time to add it to my watchlist.
Time to add it to my watchlist.
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![2013-11-28 16_27_56-AmiBroker - [ILU - Iluka Resources Ltd - Daily].png](https://aussiestockforums.b-cdn.net/data/attachments/49/49091-f040c4b51aa9f1e63146fd6f8d5a740e.jpg){kind=small}
pixel
DIY Trader
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yes and no:
By using the chart in this context, I become aware of changed market sentiment; if I am interested in the stock and its story behind the chart, I can always ask "Why?" - and that's when I may become involved with the business model then and now. It's a bit like the chicken-and-egg poser: What do you look at first?
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I feel like those who move markets (institutional investors/traders) will know all about fundamentals, and therefore it will be reflected in the charts.
pixel
DIY Trader
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Added a longer-term view (Monthly chart) and found some interesting historic s/r levels coinciding with Fibonacci extensions and a trendline:
Disclosure: Not yet holding, but watching.
Disclosure: Not yet holding, but watching.
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Pulling the plug on mines is highly rewarded these day!
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ILU has sunk from an $18.5 million profit to a $62.5 million full year loss but insists the company's financial health is sound.Pulling the plug on mines is highly rewarded these day!
Prices for Iluka's zircon and titanium dioxide products had continued to fall, offsetting the benefits of higher sales.
The fully-franked final dividend was increased from 4 to 13 cents a share.:rippergun
A report like this should make you run for the hills, but the market likes it.
Perhaps some smart person pushed it up through a technical level in order to take a big short when that little play finishes!
Opportunity knocks.
