Do you remember when John Biccard (Investec), Piet Viljoen (RECM) and Francois Finlay (Cadiz) were ridiculed in the Sunday Times on 07 July 2013 in an article titled: "Trouble When The Stars Stop Shining". I remember that article all too well...It was (very) early in the resources bottom and a certain journalist decided to have go at them.
Anyway, we all know the history of the recent resources cycle and it's safe to say, bet against John Biccard at your peril. He is and has undoubtedly been SA's best investor over the last 20 years.
As he said in a radio interview earlier in this year: "There have been many times where I have been called an idiot and times when I have called a genius".
Thing have been going really well for his fund, with it's 7.5% holding in RBP (IMP made a 100% offer yesterday) as well as the holding in Hulamin among others. Interesting is the fact that his fund reached it's limit for it's holding in HLM so he bought a FURTHER 6.6% in his personal capacity!! (Google it...)
Both RBP and HLM are names that I have highlighted on this platform (see both ideas attached).
RBP specifically, trade EXACTLY at my level of interest (R72) before rebounding strongly. As I said on twitter on 20 September (recent platinum bottom), "AMS: It is "tougher" to sell here, below R1300 (with bearish sentiment) than it was above R2100 (with bullish sentiment). Going to see see how the price action develops."
As I said, the original RBP monthly chart is attached to this post, so see for yourself....
Want to see things through "Lester's Lens?" Get in touch today...
Anyway, we all know the history of the recent resources cycle and it's safe to say, bet against John Biccard at your peril. He is and has undoubtedly been SA's best investor over the last 20 years.
As he said in a radio interview earlier in this year: "There have been many times where I have been called an idiot and times when I have called a genius".
Thing have been going really well for his fund, with it's 7.5% holding in RBP (IMP made a 100% offer yesterday) as well as the holding in Hulamin among others. Interesting is the fact that his fund reached it's limit for it's holding in HLM so he bought a FURTHER 6.6% in his personal capacity!! (Google it...)
Both RBP and HLM are names that I have highlighted on this platform (see both ideas attached).
RBP specifically, trade EXACTLY at my level of interest (R72) before rebounding strongly. As I said on twitter on 20 September (recent platinum bottom), "AMS: It is "tougher" to sell here, below R1300 (with bearish sentiment) than it was above R2100 (with bullish sentiment). Going to see see how the price action develops."
As I said, the original RBP monthly chart is attached to this post, so see for yourself....
Want to see things through "Lester's Lens?" Get in touch today...
