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NATO is the bully
Putin is standing up to the bully
Hi mrtibbs- with all that's mentioned below there's also biosphere collapse, you might find this interesting.
https://www.youtube.com/watch?v=c8BxcL2kjl4
Ah electronic dance and new wave music of the 80's what's not to like soon into the 90's rave culture..
Quite a dilemma, the present system has been built around stock markets that trade fantasy and unreal commodities in milliseconds, central bank money printing, unlimited cheap debt to fund ever increasing consumerism buying all the must have stuff produced by cheap labour elsewhere and dependant on uninterrupted global and JIT supply chains.
So much for the politicians, accountants and bankers who said it made no sense to hold stocks, or to retain our home engineering and production industries, then to sell to the people at a bargain price what they already owned (public utilities, public transport , North sea gas, NHS services, prisons, council social services and social housing!
Now these corrupt controlling clowns in our government (Gove, Boris,Mogg,Sunak,etc ) expect us to believe that its all down to the pandemic and despot Putin and that the of raising interest rates will sort things our!
Too late the world is buggered , the present monetary and market systems are unfit for purpose, but our leaders still don't want to admit the truth!
No instead they kick the can down the road whilst fiddling and tinkering with a half percent here and there, Oh,don't mention Brexit, or the futures commoditises trading ,blame the war in Ukraine for rising prises, then others drag their feet on allowing Ukraine to join the EU and NATO, or giving them the weapons they need whilst Putin continues to wipe Ukraine the off the face of the map!
Problem is that Putin won't stop there, he is already looking to reclaim the former Soviet union states back and the Western sanctions are punishing the ordinary people of the West and Russia whilst helping Putin and his cronies get richer!
Putin is a bully and gangster, but the West has allowed itself to become defendant upon the things that Putin controls and it is afraid to stand up to him, but as anyone who has been bullied knows the only way to stop a bully is to stand up to them!
European stock markets traded higher on Friday's session amid the ongoing concern about the increase in the gas prices and ahead of a new batch of data to be released during the day. The Economic and Financial Affairs Council, the main decision-making body of the Council of the European Union, will be held today.
The DAX gained 1.01% at 7:15 am CET, while the CAC 40 added 1.08%, and the FTSE 100 rose 0.76%. The Spanish IBEX35 was edging up by 1.40%.
The euro was down 0.23% against the dollar at 7:17 am CET, selling for $1.05254. In comparison, the pound lost 0.35% to go for $1.23095 a minute later.
Baha Breaking News (BBN) / JG
Happy Friday y’al
Hi Cowicahn,
Regrettably I have to agree it seems that the only sure way to get a response is to shame them on Linkedin and social media, they want share holders to behave decently and follow the correct protocols, but when they do they get ignored!
Good points Cowichan, as we are all painfully aware there would certainly be no need for Centamin to secure a line of credit had the BOD and especially the El Raghy family run the company and the Sukari mine properly, that of course meant appointing mining professionals rather appointing on the basis of nepotism Josef/Youssef and favouritism Pardey, if only they had been as honest and as competent at running Sukari and the other West African projects as they were at breaking promises, deceiving the share holders and glossing over the truth, not to mention looking after their own self interests, then Centamin and indeed the share price would be in a very different place today!
Like it or not we share holders were conned, they had our leg up big time for over a decade and now claim they didn't realise, but now we all must suffer during the reset, all ?
How many bonus share have any of us share holders received ?
Yet they expect us to be grateful for a few scraps of dividend after they have gorged themselves to the full at our expense!
We have had a decade of deliberate deceit and broken promises, so why should we believe them now ?
No we have had more than enough baloney and good times coming, Its time to deliver real results with out delay so as to restore the share price and the dividend !
At present Centamin Investor Relations seems to have morphed back into it's previous guise!
Rebess is correct - Tibbs continuous work to engage with Centamin on shareholder's behalf is a service to us all. Thank you Tibbs!
PS - please do join the LinkedIn / social media effort - the current silence by Centamin must be broken and accountability restored.
I haven't received so much as an automated email reply from the new IR person Emilie since the previous IR person Alex went on mat leave. And because of that negligence upper management is in no hurry to justify their ever increasing take of Centamin's ever decreasing profits.
That said I am very hopeful of the growth prospects Mr Horgan & his team have secured in Egypt - production & reserves will grow - the mystical question is will long term shareholders reap the lion's share of that value creation - or will we get diluted by a third party taking advantage of management's failure to support the share price ?
Gold has the wind in its sail once again, just need some good company news now and cey will fly.
Revlon’s bankruptcy filing said the company is currently unable to timely fill almost one-third of customer demand for its products, due to an inability to source a “sufficient and regular supply of raw materials.” Shipping components from China to the United States takes Revlon eight to 12 weeks and costs four times 2019 prices, it said.
--------------------->>>>
Inflation + Disruption = Bankruptcy
A warning to Centamin & every other miner, stay out of debt & manage costs , NO ONE is immune in this rising interest rate environment
Yep, just inflation and knock on causing the issues.
The last quarterly report can be pulled down from an April RNS.
The SP performance in recent week is not about the company per se' in my view. It is an over-reaction in the markets to the gold price and the media push that rising rates are bad for gold. This is course would be true is the real rate was positive which, of course it is not. So even when the 10yr UST note spikes to 3.49% the real rate is still -5%. Gold has yet to react because market commentators hang on to powell's every word with future rate raises. My own view remains that his analytics of the inflation problem is just rhetoric and that real negative interests will remain and be as embedded as they have been since 2008. Even is the 10yr UST hits 5% and bankrupts the US Government and causes a recession the real rate will still be negative on the supply inflation problem for some time. Hence why 65% of my PF is now gold related and raising on every fall in the spot price. Too much negative sentiment on this stock in my view, yes it has been a busted flush in many ways for LTHs but I think it will be a success in the medium term. I might be in the minority here but the fall in US housing figures and builds just reported backs up my view that powell will have to turnabout and gold will does what it should do.. re-rate up. GLA
Is this it? Posted yesterday on the cey website
https://www.centamin.com/media/2832/cey-investor-presentation_150622_final.pdf
Hi Tibbs - I can absolutely confirm the breadth and depth and volume of your direct communications with Centamin. - Communications that you undertake on everyone's behalf. - I think if people knew just how much time and effort you put into maintaining direct links here, they would be shocked. - We all owe you a debt of gratitude IMO.
Hi Tornado,
No reply here and Rebess & Cowichan can confirm that this certainly is'nt the only subject I have written to them on, or spoken to them about.
Very disappointing to say the least, I do hope that more retail investors will start writing in , I am considering following Cowichan's example on Linkedin as it seems this is more likely to get an almost instant response, although that said just how much meaningful information is disclosed remains to be seen.
When Martin Horgan first took over there seemed to be a genuine intention and willingness to try to improve communications with retail investors, whether that is still the case remains to be seen.
(Obviously I appreciate that there are certain restrictions regrading market sensitive which can only be released within the FCA regulations and at the appropriate times.)
Jim Cramer seems to think gold will be making a come back. Let's hope so. Looks like a lot of the gold stocks aren't doing so well now so hopefully patience will pay off. I've topped up a bit recently.
https://www.cnbc.com/2022/06/15/take-advantage-of-golds-impending-comeback-with-this-best-of-breed-stock-cramer-says.html
The political world is descending on Wakefield and Tiverton and Honiton.
Journalists, campaigners, and frontline politicians are knocking on doors, asking residents what they think.
Many of us aren't in these two constituencies.
https://www.makevotesmatter.org.uk/votes-are-for-life-not-just-for-byelections?link_id=2&can_id=7912b55e72d6174409e36b7a8226a78d&source=email-join-us-in-demanding-an-end-to-unequal-votes&email_referrer=email_1573866___subject_2040154&email_subject=join-us-in-demanding-an-end-to-unequal-votes
https://uk.finance.yahoo.com/news/five-stocks-must-sell-because-050000050.html
“What is now clear, based on the significant increase in returns rates that we have seen, is that this inflationary pressure is increasingly impacting our customers shopping behaviour. It is too early to tell for how long the current pattern of customer behaviour will continue.”
https://uk.finance.yahoo.com/news/ftse-100-live-bank-england-064946160.html
I agree with the rip-off. I cycled past a forecourt about 3 times a week, and again yesterday I saw a rise from 183 to 189! It's never ending and yet oil base price doesn't go up the same amount- someone, somewhere is making fortunes, it's like just add cos people know inflation is rising...
The head of Britain’s fastest-growing petrol forecourt operator has accused supermarkets of profiteering at the pumps as prices leap to fresh highs.
Mr Briggs welcomed a competition inquiry into forecourt pricing, yet criticised Boris Johnson for making petrol station operators a “scapegoat” of the ongoing energy crisis.
He said that the amount of verbal abuse directed towards his staff had risen since the Prime Minister pledged to crack down on “rip-off” prices at the pumps.
https://uk.finance.yahoo.com/news/tesco-sainsbury-morrisons-asda-accused-090058402.html
Gold only 3% off its sterling all time high, of course needs to make up about 12% inflation since then, so about 15% off high so IF Cey got costs back to just 15% of where they were, and production back where it was profits would only be down 50% from when gold was at all time high, so share price should be back up above a pound, so come in Centamin we are waiting for the promised lower costs and extra ounces afte this crazy two years
we look forward to updating you on the progress of these promising growth projects and the continued expansion of the underground resource base, including the high grade bonanza zones, during Q2.
Last two weeks of Q2 where is it!
Does anyone get any replies from this lot.
Major stock markets across the European continent saw some gains in the premarket trading on Thursday as investors digested the Federal Reserve's unexpected move to increase its key interest rate by 75 basis points.
The British and Swiss central banks were also set to announce their rate decisions later today, while Italy was expected to unveil the latest inflation data.
The FTSE 100 stood slightly in the green at 7:23 am CET, while the DAX gained 0.41% and the CAC 40 rose 0.54%.
The euro recorded slight losses against the dollar at 7:38 am CET to sell for 1.04338, while the pound declined 0.33% to $1.21383.
Baha Breaking News (BBN) / ND