The latest Investing Matters Podcast episode with Inclusive Asset Management's Alexandra McGuigan has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Markets and gold too a dip on FED officials yesterday-
https://www.reuters.com/markets/us/futures-drift-higher-recent-data-bolsters-rate-cut-hopes-2024-04-04/
NFP Data day today
GLA - and happy Friday.
Equities in Europe traded mixed in the premarket on Friday while waiting for the newest reports on the United Kingdom's house prices and construction, Germany's factory orders, and the Eurozone's retail sales.
The DAX and the Eurostoxx 50 stood flat at 8:00 am CET. Simultaneously, the FTSE 100 decreased by 0.09%. On the other hand, the CAC 40 rose by 0.09%.
The euro lost 0.10% to the dollar at 7:59 am CET to sell for $1.08267. At that moment, the pound sterling declined by 0.14% against the greenback, going for $1.26255.
Baha Breaking News (BBN) / JR
Happy Friday y’al
Enjoy your weekend
Gold currently $2281.47
There could be a lot going to happen around Israel. The Israeli military was scrambling GPS signals, as the country braces for possible retaliation by Iran or one of its allied militias for a suspected Israeli airstrike Monday on an Iranian diplomatic building in Syria. The attack killed a senior Iranian general and six other military officials, and marked an escalation of the years long shadow war between Israel and Iran, with the potential to explode into direct conflict.
“With God’s help we will make the Zionists repent for their crime of aggression against the Iranian consulate in Damascus,” Iran’s Supreme Leader Ali Khamenei said Wednesday in a post in Hebrew on X.
An adviser to Iran’s Revolutionary Guard also said to expect a form of retaliation on Thursday or Friday, saying Iran would choose an action proportional to the Israeli attack in Damascus.
and so on, and on, and on....
Tragically sad, One would have thought they would have evolved past this
Hard to not see this going to escalate more than it has already ...
the gnome
Morgan Stanley want to be the first bank to to fully approve:
https://bitcoinmagazine.com/business/report-morgan-stanley-ubs-bitcoin-etfs-all-clients
Bust through to 2,300 again and back a little...
Good to hear from you Prof :-).
Am not fussed on divi's but I tend to agree with others that any increase would be for the SP- as we are just over 60% institutionally owned and they like divi as part of their investments.
Equally, any increase would also be a great sign that they are "out of the woods" and very clear as they wisely reduced it and didn't increase as of yet until they are sure.
Paul, The dividend is based on 2023 year end numbers so don't think any chance of an increase. However if GP remains high through 2024 then we will certainly deserve better.
Profit is not the same as free cash flow but 30% of $250million is $75m or about 6.5c a share
hi paul,
yes, they were *** packet numbers and all from memory but what i was saying was that at $2250 gold (seems like a distant event now) then taking aisc as c. $1250 and the top end of production of 500, 000 oz then that would be $500m of profit. sharing that 50/50 with egypt (yes i know egypt actually get just beyond half) that means $250m left.
best wishes,
prof
If gold stays anywhere near this level, bearing in mind it has been over 2100 since the start of March and 2150 since 6th March, it would be a nice gesture if the 2cent dividend was increased to 2.5, which would at least give us the same dividend as last year. It seems small potatoes if you think gold and the share price are both going up, but I think it would be a nice gesture and the market would probably like it too.
I need to have a look at the RNS, but I think Prof mentioned the amounts they could be making if AISC were at midpoint and ounces mined at the 500,000 mark.
Very good point re Doropo Daz - but before then Q2 revenues are going to be rip-snorting. That is the technical mining term I believe.
Hehe love it!
117.90 close -
Probably inevitable, Steve. 😂
I thoroughly agree and have been following the GP closely today since topping $2300 and pleasantly surprised that it is resisting the drop below $2290 and wouldn't be surprised now if we see it pass $2300 again by the close.Major players now more invested in maintaining a high gold price namely the worldwide banking fraternity.
This share hasn't closed below the 10day since the 1st of march. Thats a pretty steady guard rail. let the trend be your friend.
I love the use of inevitable (which I mean sarcastically of course), nothing is inevitable apart from uncertainty, death and taxes.
I prefer probable and trade on probables.
GLA.
Go with the data.
Could be
I’m out until the inevitable fallback. Back when gold is around £2050 and miners fall. Many have hung on Centamin coat tails and got burned. If you’ve made a nice little profit, my advice for ears that can hear, let go of emotion, take your profit and be happy. Be patient. Long term, Doropo costs will someday suck the life out of this share and provide another good entry point.
Best wishes to the missus Tony. I'm still 60% in... and holding in case this is a one way trip.
Thanks Mr Bond, Didn't mean the top though, just next resistance, hopefully we consolidate around that price before moving higher, I always have the 8 day and 21 day as selling points but I can see this ultimately moving past the previous high of 220 over time, If GP holds above 2180 then it increases the profit massively over the next year or so, Resolute also starting to set up for me. GLA
Glad your wife is ok Tony.
You’ll be sitting here for a long time and doing nothing at all of your waiting for gold at 2,170.
(unless there is a radical change in data over the coming months and sudden worldwide peace).
You’ll be missing out on a lot trading opportunities.
That’s the consequence of charts- I recall someone here is still waiting for 97.5 to re-enter.
Gold can only 2 ways like an sp, up or down.
But I prefer data approach to lessen odds. All gaps and charts do is provide people the opportunity to give a reason for past prices.
Charts are “old hat” in this AI driven world- way more complex algos than there used to be.
2281-2285
2257-2267
2238-2249
2187-2193
2170-2175
They always get back filled. Anyone missing this rally is missing the elevator drop later. If you made some money and have not predicted the the top be happy with the success you did get. Like playing tipping point. Enjoy the mystery prize and being in the game as long as you dared. Tony
(In the hospital yesterday, wife okay but it sure gave me a reminder of what is truly important).
Hardly awful making about 3% in a day!
IDS is a waste of time- still got my £750 worth I bought when they floated lol.
Never traded them and worth a lot less now lol.
I was in and out of IDS quickly yesterday (missing most of the rise :-( ) and back in here at 115.4 . So i am marginally worse off that if I had just held.
My timing is awful!
Play the data, I simply don’t understand when a stock rises some people think it goes down-
Bizarre viewpoint, play the data , it’s not hard.