Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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HI 3bear,
I used to have medical insurance, etc with SAGA, no more, terrible experience a couple of years ago!
Sage was once a great organization set up ans successful in fighting for and ensuring fair practice, prior to going public!
Then it all went wrong , all the principles and values went out the window it was all about maximising profit, cutting cost, handing over control of its core business including insurance polices to the likes of AXA ,sacrificing real core values for corporate bullsh*t!
It's now no different most other plc's , not to be trusted!
Once the private sector gets hold of a service it's ******ed!
Hi Mr Bond,
You are tying to defend what is in this case indefensible by shifting of blame onto the wronged party.
Presumably you and anyone else made the decision to buy at £1.80 or any price would be based on the information available and in good faith that the management at that time were professionally competent, were applying the most appropriate and best mining methods in the day to day running of the Sukari operation and that the BOD were carrying out the appropriate due diligence to ensure this was the case and that the facts presented to share holders the market and the media were accurate in every respect and truthful!
Unfortunately this wasn't the the case, Andrew Pardey had been in complete denial even trying to suppress valid media reports and lying to webinar telephone callers myself included of the Sukari managements failure to apply appropriate mining methods to to open pit, the underground workings, the Cleopatra slope and regarding true state of deteriorating grades of the Sukari operation since 20i15.
What is even worse is the that the responsible BOD have tried to squirm out of their legal responsibilities by claiming they were unaware of the failure to clear the waste in the open pit, so then that is either an admission of completely failing in their responsibilities as directors, or if that were not the case then they condoned bad mining practice at Sukari for short term gain, in other words knowingly deceived the shareholders the market and potential new investors for short term gain!
How on earth can any investor make a rational and balanced investment decisions when such a shower of are in charge, they cant!
The results of this is a share price that is a clean up bill of $467m a halving of the company market cap and the 50% reduction of the dividend none of which is likely to change until there is some quantifiable and determinable proof!
The whole market system is loaded in favour of those ith privileged information, such as the inner circle of the FED cartel who have full knowledge of NFP and other relevant information two days before everyone else,
If the market wants to claim to be fair then everyone should have access to the same information at the same time and there should be one level of trading, no inner book access and no privileged access at different levels based on ability to pay!
Like it or not Mr Bond we were all deceived by the management and I have made them aware o my feelings in writing many times over the past few years!
This is what ANYONE considering buying these share needs to be aware of!
I don't understand a word of any of that. What I do know is Q1 results are going to be a bit disappointing but Q2, 3 and 4 much better.
From the "UPS" thread...
Master RSI - 6 Feb '23 - 09:43 - 104 of 105
UPS
CEY 104.10p ( 104 v 104.20p )
Reaching the lows lately since last Friday, Gold is recovering today. Indicators signaling the bounce, MACD at maximum low, RSI at lower and flattening, Stochastic at oversold and Share price under Lower Bollinger Band meaning buy.
Chart ...... https://i.postimg.cc/WbSsZZf2/big.gif
I feel I've got it largely right on Cey since April 2021, also Lgen, M&G and Phnx. But if you want to talk about capital destruction, try investing in Saga just before the pandemic struck. Yeee-ouch, 83% loss on that investment. Likewise Credit Suisse. Doh. Swings and roundabouts.
Indeed.
Very predictable. You grow to a size where you cannot rePlace your ounces mined, especially when you are mining 1-1.5 million ounces per QUARTER, You simply cannot find that unless you find a large tier one, deposit and the discovery of these has been dropping for a decade or more.
https://minexconsulting.com/wp-content/uploads/2019/12/Gold-exploration-trends-NewGenGold-2019-TEXT.pdf
So if you cannot replace your ounces mined with exploration, you can either let your resource and reserve base dwindle (and so will your share price), or you go out and buy some.
I expect the MandA will be active this year.
No LARGE TIER ONE DISCOVERIES.
Good luck, CEY could be of interest
best
the Gnome
Major European stock indexes traded lower in the premarket session on Monday as investors analyzed the aftermath of last week's monetary policy decisions. In the next seven days, central banks' chief economists will continue to remark on the latest rate hikes, and the last batch of earnings of prominent companies incorporated in the Old Continent will be revealed.
The DAX decreased by 0.36% at 7:37 am CET, while the Euro Stoxx 50 dropped by 0.45% at the same time and the CAC was down 0.35%. London's FTSE 100 traded flat concurrently.
The euro was 0.05% lower against the dollar, to go for 1.07878 at 7:43 am CET. At the same time, the pound added 0.10% against the American currency to sell for 1.20625.
Baha Breaking News (BBN) / MX
Happy Monday y’al
- Bid at 21% premium to pre-announcement share price
- Newcrest seen as vulnerable given leadership change
https://www.reuters.com/markets/deals/australian-gold-miner-newcrest-gets-169-bln-buyout-offer-newmont-corp-2023-02-05/
------------------------------------------------->>>>
Desperate for replacement ounces the gold industry chooses cannibalism over exploration. But it cannot last...
Mr Bond
How refreshing to have a truthful and acknowledging bad timing in investment decisions as at this moment in time of course. Kudos to a fellow ex trader (market maker?) still above water and in the game . I have holdings fro almost day one when it was a map on the wall. amd I must say it has been a most enjoyable rise. Traded some and expanded holdings in CEY. Used divis to buy more. What idiots evaluate is there bought SP against divi. The real return is Divi as a percentage of current SP.until they crystalise their investment by sale.
Divi is based on shares held !!!!!!!!!! not on value of SP ERGH.
My evaluation of return on Divi and the same invested in a safe minimum percentage savings scheme means I am well above water OVER 10 YEARS .. Keep posting factual and actual thoughts as I for one appreciate the input.
Failures on my part. Johnson Mathey sold at 860.
Marconi nough said
Logica
Medisys
BTG
Short in the Banks on 9/11 and came out as hated the thought of making thousands per minute on the death of thousands of poor souls . Trading at the time with Bloomberg on TV and 3 computers live with Level 2 and direct input into the book.(market maker)
Very best regrds to you and all here.
The gold is still in the ground on Sukari and the surrounding holdings
AISC declining in relation to its peers.Solar!!!! Lightweight ore body trucks
Recession in the G7 and outliers .
Fed propaganda and manipulation has a finite end
Basle3 (Political and Central Bank manipulation aside)
IMF involvement in Egyptian sequenced advancement.
Cartel adhesion in Comex inevitably fragmenting as one or two will take a short term side step against cohesive manipulation for short term gain.
But what do i know can only post my thoughts for better or worse as I personally see them. Do not under any circumstances regard this post as advice but take it as my PERSONAL thought process.
Kindest regards Bob
I must point out added 10000 shares ,and certainly get no pleasure from others losing money.
Just so it is clear ,I like many others , bought 10000 shares at 180 plus .
But it was my decision and my mistake, its normal to make mistakes ,not pleasant ,but could have been worse.
I do not trade anymore , solely long term.
So will simply collect Dividends ,and be cautious . Thats life in in the Stock Market.
That does not change my view the Company under Horgan ,has improved with a solid business plan.
Mistakes are solely the buyers problem , your decicisions ,no use trying to blame others.
Mr Tibb. i enjoyed the read,,,,
Cont final-
Narrowly judged some may try to claim the Thatcher economic revolution was a success as it brought Britain's relative decline to an end, although that was more due to slowdowns in countries such as France and Germany rather than an acceleration in UK productivity growth!
True the number of days lost through strikes tumbled and Nissan's arrival in the north-east showed that Britain was no longer the west's industrial pariah!
In stark reality economic growth has been depressed because weak trade unions can no longer ensure wage increases keep pace with inflation!
The Tory government's welfare bill has been swollen by tax credits and housing benefit caused by the labour market reforms and council discounted house sales of the 1980s which destroyed social housing and made private landlords able to exploit the weak, needy and homeless!
Britain's record on innovation and investment have been extremely poor, while the hollowing out of manufacturing left the economy over-dependent on the de-regulated City!
North Sea oil helped Thatcher paper over the cracks, but Britain's age-old problem – finding a way to pay its way in the world which still remains.
The last time the UK ran a trade surplus was the year of the Falklands war for which we are still paying!
2. The balance of power in industrial relations was shifted decisively in favour of employers with three separate pieces of legislation between 1980 and 1984 attacked the closed shop, toughened up the laws on picketing and imposed secret strike ballots.
Symbolically, the key moment was the defeat of the miners after the year-long pit strike in March 1985!
3.industrial policy was all but abandoned whilst the state retained control of some nationalised industries – the railways, for example – but BT, British Airways, British Steel, British Gas and the British Airports Authority were among the big companies sold off!
Thatcher did not believe in "picking winners"; instead she preferred to rely on market forces to ensure the survival of the fittest to the extent that there was an industrial strategy it was to sell Britain as a destination for Japanese car companies and to shift the focus of the economy away from manufacturing towards financial services.
4 Policy was aimed at those who, according to the prime minister, wanted to get on in life!
Typically there were big tax cuts for those on the highest incomes, driven by the belief that this would encourage entrepreneurship.
That said there were also far less generous cuts for basic-rate taxpayers: the 1988 budget, for example, cut the top rate of tax from 60% to 40% and the standard rate from 27% to 25%!
Council house sales and advertising campaigns that encouraged the public to buy shares in privatised companies were meant to encourage the peolpe to buy what they already owned at knock down prices to to further destroy local councils whilst eroding the employment rights of their workforces and so broaden the appeal of capitalism!
Cont-
Hi Gnome,
Mon 8 Apr 2013 17.51 BST
Reversing Britain's long-term economic decline,that was the daunting task Margaret Thatcher set herself when she arrived in Downing Street in May 1979 at the end of a traumatic decade that had seen a three-day week, inflation topping 25%, a bailout from the International Monetary Fund and the winter of discontent.
She gave it her best shot and he last remnants of the postwar consensus were swept away in the ensuing decade – a period that saw the crushing of the trade unions, the Big Bang in the City, council house sales, the privatisation of large chunks of industry, the encouragement of inward investment, tax cuts, attempts to roll back the state, a deep manufacturing recession, a boom in North Sea oil production, and support for the creation of a single market in Europe.
As far as her supporters are concerned, this radical transformation worked. Britain ceased to be the sick man of Europe and entered the 1990s with its reputation enhanced, the economy had become more productive, more competitive and more profitable. Deep-seated and long overdue reforms of the 1980s paved the way for the long 16-year boom between 1992 and 2008.
To her detractors, Thatcher is the prime minister who wiped out more than 15% of Britain's industrial base with her dogmatic monetarism, squandered the once-in-a-lifetime windfall of North Sea oil on unemployment pay and tax cuts, and made the UK the unbalanced, unequal country it is today!
The truth lies somewhere between these extremes,Thatcher came to power when the economy was approaching a moment of truth after three decades of poor performance relative to other western countries., if Jim Callaghan won the 1979 election, he too would have faced the challenge of how to modernise an economy beset by high inflation, weak management and poor industrial relations.
Indeed, many of the policy innovations associated with Thatcher had already been pioneered by her predecessor,full employment had been ditched in 1976, while Labour had introduced monetary targets and cash limits for Whitehall departments while Denis Healey was at the Treasury.
Nor, contrary to myth, did Thatcherism emerge fully formed in May 1979,privatisation did not feature in the Conservative election campaign, while the tougher approach to trade union reform had only really become evident since the winter of discontent, and even then was a gradual process.
That said, by the mid-1980s it was clear that the Conservative government's economic policy was based on a handful of core principles.
1.Control of inflation rather than the pursuit of full employment was the centrepiece of macro economic strategy,the government's job was to keep inflation low, not to boost growth through demand management.
Cont-
It is a growing concern in Australia. Inflation unchecked. Unfunded social policies..etc..etc, but we see from afar .... we are not alone
Britain is caught in a paralyzing “winter of discontent” as rail workers, nurses, airport immigration officers, school teachers, mail carriers, bus drivers, university professors, highway officers and ambulance drivers go on strike. Britain has not seen so much labor unrest since the 1970s, when garbage collectors stayed home and grave diggers refused to bury the dead. Conditions were so dire in those years that the country had to be bailed out by a loan from the International Monetary Fund, and there was talk that Britain would end up the “East Germany of the Western world.”
That paralyzing turmoil set the stage for the Thatcher Revolution, which over several years reduced government domination of Britain’s economy and got it working again.
There has to be some interesting socuial revolutions coming up soon, and lets hope they accomodate those that have worked and saved hard.
Then there is the USA .... good grief ....
I fear
best
the Gnome
MaryBr190, with much negative talk on here, well done ignoring the noise. 19th Jan RNS says 'Robust balance sheet: cash and liquid assets of US$156.6 million, as at 31 December 2022' despite the noise here !!
Best wishes and continued success to all who can trade profitably on short term
puts and calls . I thought I had the pinnacle of trading opportunities but Marconi Logica BTG Santander et al proved ne totally wrong .
I refer to my previous posts . Balance sheet, time , Resource sustainability. management. divi return percentage. geo political factors. Global (IMF0 support. Future advancement prospects. Possible M.A action.
Holding. albeit multiples below current SP as bought in when just an old map on the wall. Currently trading Raytheon Lockheed etc as a no brainer. But well wrong before.
Bob
80-120 is a trading range although it took a while to breakout over a £1. Dividend is good to collect, a bonus.
It oversold at the moment so I took a 1st tranche of 10 back in around 104.
Will add down to 80s and reduce if it rises.
GL.
Agree 3bear. I'll be adding also in low 90's if it gets there !!
was my main holding, but sold out on 9th and 20th January. I can't say that I had any great reason for selling other than having made a good profit on the fairly rapid rise; just looked as if gravity would set in. Stockped grade CEY as a superstock. Central banks are buying heavily in to Gold. Share price dropped through 30 and 60 moving day averages, and looks as if its on a perpendicular to cross the 120 day soon. SP now entering the oversold area on the relative strength index. Estimated revenues appear to be rising, operating margin, cash flow, and cash appear to be falling. Torna raises some good points below. Gold mining companies can be fickle and not have the 300%+ rise that big mining such as Glencore has had over 3 years, but a low point must be on the horizon and opportunities for re-entry or new buyers to step in.
Thanx all for replying, seems that for now 90-£1 range is where we belong, reason why I invested in Centamin is because of the size of mine and future potential of SP increase…, is anyone here in Anglo Asian by any chance bought a few there as well as their dividend is good…
The clues on Centamin retreat from recent high.
1. Q4 report has Q1 2023 on lower production numbers as they reminded everyone of maintenance schedules and the like.
2. CEO say CEY 80's price was really cheap and we are finally at fair value.
3. The USD on RSI falls near to an oversold trigger that it has only done so 6 times in recent two decades. Implies gold has to retreat at some point and the trigger was pulled on Friday with USD up and gold USD down.
4. China returns to work after New Year holidays. Often get pullbacks as physical peak buying cools and paper trades have more sway.
5. GDX ETFs stall out with buying support exhausted.
6. More Gold eagle articles appear suggesting February pull back in gold, mainly sentiment indicators. (Large/Medium miners respond in advance).
3 Feb 2023
China keeping precous metals stocks secret!
Hedge fund expert and author of the Mining Stock Journal, Dave Kranzler, joins Andrew Maguire to discuss the potential effects of pricing silver in gold grams, gauging the chances for the silver squeeze to unfold.
As more Eastern and Gulf region countries consider settling global oil and commodity trades using alternative currencies, the two industry leaders debate the power of tokenised, allocated gold in shaking the dollar-based monetary regime
https://www.youtube.com/watch?v=eTdau5UwS3w
Silly Money!
https://www.youtube.com/watch?v=9z70BKwfSUA
https://www.moreaboutadvertising.com/2022/10/why-we-need-a-new-bird-and-fortune-to-explain-a-financial-world-teetering-out-of-control/
Explaining the financial criss
https://www.youtube.com/watch?v=hXBcmqwTV9s