The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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On the morning of 7 October, waves of Hamas gunmen stormed across Gaza's border into Israel, killing about 1,200 people. Hamas also fired thousands of rockets.
Those killed included children, the elderly and 364 young people at a music festival.
Hamas took more than 250 others to Gaza as hostages.
The BBC has also seen evidence of rape and sexual violence during the Hamas attacks.
I agree this attack was wrong and the perpetrators should be brought to justice by the right means,
But the response inflicted on innocent Palestinians by Israel is out of proportion and is little different to methods used by Nazi's of WW2,
“Israel has killed an unparalleled and unprecedented number of civilians with the full knowledge of how many civilian lives each bomb will take. More than 1,800 Palestinian families in Gaza have lost multiple family members and hundreds of multi-generational families have been wiped out with no remaining survivors and this killing is nothing short of destruction of Palestinian life.”
In addition to at least 23,570 people, mostly women and children, being killed during Israel’s offensive in Gaza, according to its health ministry the bodily and mental harm inflicted on Palestinians and the imposition of conditions intended to bring about destruction, were also evidence of genocide with the displacement of Palestinians, widespread dehydration and starvation and an assault on the healthcare system.
Oh dear, true to form, you have descended into personal abuse.
I take it you will also want to seize the assets of every Kazak, rich African, Egyptian, Chinese, S. American, because surely they could only have acquired assets dishonestly and off the backs of the poor people?
You need to get off your high horse and as our American friends say "smell the coffee". When we put ourselves as moral arbiters we are acting as God. Who are we to judge?
Thu 15 Feb, 2024 - 14:14 ET
Fitch Ratings-Warsaw/Frankfurt am Main/London-15 February 2024: Euroclear Bank SA/NV’s ratings (AA/Stable) are unaffected by a new regulation that clarifies the treatment of exceptional profit and related costs generated by assets of the Central Bank of Russia (CBR), immobilised as a result of Russian sanctions, Fitch Ratings says. Euroclear Bank will continue to report profits generated from the sanctioned Russian assets, including the immobilised assets of the CBR, separately from its underlying activities, and will be able to separate the CBR assets in the future, as required by the regulation.
According to the regulation, published on 12 February 2024 by the Council of the European Union, central securities depositories (CSDs) holding immobilised Russian assets, including Euroclear Bank, must report corresponding assets and revenue separately, and are prohibited from paying out corresponding net profits. According to the Council, this measure is taken in preparation of potentially using net profits from frozen assets to financially support the recovery and reconstruction of Ukraine. This follows a G7 Leaders’ Statement made on 6 December 2023, which demanded “decisive progress” to direct extraordinary revenues from Russia’s immobilised sovereign assets to support Ukraine.
There s no good reason at all not to seize Putin's asserts, any civilised society has b no place for doing business with crooked dictatorships and criminals !
Quark of Deep Space Nine was one of those deluded people who thought, 'This is fine — we all get to do what we want to do,' and didn't realize that liberty was more important than creature comforts. ... Like any Everyman character in literature, Quark has to go through some turmoil before he realizes the truth.
Are these he kind of "Good faith Investors you are referring to, most would have been quite at home in Hitlers or Josef Stalin's regimes ,
British Banking the City of London have gained a reputation for being the place for money laundering and for crooked and dictatorial and oppressive regimes squireellew awaty their blood money, but its time to put a stop to turning a blind eye to this filthy type of investment
From its biggest private house to a disused tube station, London has long been an attractive place for the Russian president’s cronies to buy property. Their ill-gotten wealth permeated the capital at the expense of us all
https://www.theguardian.com/uk-news/2022/mar/06/how-london-became-the-place-to-be-for-putins-oligarchs
The figures on Centamin’s website major shareholders page read very differently. Is it dated or something?
There is a very good reason why France, Germany and Italy are "dragging their feet" as you say. To unilaterally requisition 300 billion dollars of seized Russian assets would be a monumental departure from accepted international norms. Those countries (and UK) are not at war with Russia. Most of those assets belong to private individuals who invested in Europe and UK in good faith. many do not even agree with Putin's war. This would be a precedent that would effectively kill any further private investment in EU or UK and would harm us far more than Russia.
The sooner Ze;insky talks of diplomacy,instead of allowing many conscripted poor souls , on both sides, to sacrifice themselves for a hopeless cause, the better the world will be.
But then he would no doubt have to fight a general election, he dosnt want that,does he.
This post I am bothering to answer is only a confusing botch of rubbish ,cobbled together from different sources, intended to influence anyone who dosnt read the original.
In the meantime Europe and UK are gradually declining economicly, almost to recession.
If that were to happen it would take years to repair.
Time to get real the US now has Israel as their top agenda, they have given up hope of Ukraine ,even their Generals are saying this,with good reason.
Zelinsky is just another stooge like Juan Guaido ,in Venezuala, where is he now ,USA.
We are exhausted. We fear we’re losing international attention, that people are tired of news about our war. At the same time, we know that what started in Ukraine will continue in the rest of Europe.
And that includes economic warfare. The cost of rebuilding Ukraine is already close to half a trillion dollars and rising every day. Who will pay that? Ukraine can’t, not ever. The people of Europe? US taxpayers? Putin’s hoping the debt drags us all down.
But what if Vladimir Putin paid his own bill?
$300 billion in frozen Russian state funds are just sitting in banks in the West. The G7 is meeting right now, discussing using it to give Ukraine a future.
That money would change everything for us. But Germany, France and Italy are dragging their feet. So please, join with me to call on European leaders to do the right thing. Sign now!
**The Russian government has increased online censorship.
If you live in Russia or territories occupied by Russia, we urge you to consider potential repercussions before signing and sharing this campaign.
Posted: 21 February 2024
https://rb.gy/t0lwz7
Siko
Sorry I missed the 19th Dec 2023 Van Eck Major Holdings change, Tornado is quite correct, a slight reduction by Van Eck!
Hi Siko,
Glad you raised this because on checking on the Cenramin homepage unless I am missing something it seems that although some like BlackRock have been selling Van Eck have actuality increased their holding, which is somewhat reassuring!
Possibly then Van Eck have had a whiff of something good, lets hope so!
https://www.centamin.com/investors/regulatory-news/
Centamin's Institutional Shareholders 2023 vs 2024
August 2023
2023 Van Eck 110,273,580
2024 VanEck 111,725,659
Siko and other readers,
One of the largest sellers was retail with HL holders pulling out 10M shares up to 8 February from 1 January.
Van ECK has only moved down a little and oscillates between 9.5% to 9.62% of share ownership up to 31 December.
Feb 2024 figures.
DFA 4.02%
Vanguard 3.63%
Aberforth 3.34%
Blackrock Fund 2.01%
Jan 2024
Ninety One 2.58%
Blackrock investments 1.73%
Schroder Investments was 2.57% 31 December.
Recent buyers American Century Investment 1.75%
T Rowe Price 0.8%
BG Fund 0.2%
Norges Bank is possibly still 2.81%.
Tony
Main source FT
Hi Tibbs,
How many shares has Van Eck (No1 share holder) sold?
Thanks
The use of gold for purposes other than jewellery, bullion & coinage is around 7% of supply - this provides a more definitive indication of the productive use value of gold than long winded rants regarding its usefulness.
I have yet to see any explanation of how you can arrive at an intrinsic value of gold, is it your inability to actually explain your grandiose claims in a definitive manner what has lead you into your obfuscative ramblings?
Hi Cowichan, welcome back!
This will no doubt cause some puzzlement, or even concern amongst many shareholders as to why funds like these especially Van Eck are selling now, it would be naive to think that that funds don't have some insight into the true state of things prior to a the March annual results market update.
Retail investors should be asking questions because this doesn't usually happen without some good reason?
Tibbs
To raise some cash perhaps Sisi will sell off some more of Egypt's national assets as has happened with the state owned hotels?
Cenatmin has already commissioned the solar farm, so possibly rather than spending money hooking up to what may be an unreliable Egyptian electricity grid that is using diesel powered generators it would be preferable to increase the Sukarli solar capacity and add some wind turbines?
Come to that Egypt has plenty of sunshine and winds so why is their national grid not making use of those rather than heavy oil?
Morning Paul and RazorEdge.ate of
"Steady as she goes", will be fine, if we get a pleasant surprise it will be like Christmas morning,
RNS s are wonderful things they clearly give us information, all year.
We all have information ,larger buys and sells , the situation with insiders and their holdings ,saves relying on listening to rumours, we realy have no need ,to listen to self interested analists or doomsayers with their own dubious agendas.Have a good day all ,and most importantly stay healthy.
So --will they be decent or not? I'm guessing it will be a "Steady as she goes +" . The gold price having been above what they were working on should have helped a bit.
With the waste contract coming to an end,I would hope the figures in the next quarter (June) should be much more encouraging. It has been a long wait since the news about the wall and how things were mismanaged came out and I think we really need to start to see an improvement in the figures, the share price and the dividends.
Centamin plc
("Centamin" or "the Company")
LSE: CEY / TSX: CEE
NOTICE OF FULL YEAR 2023 RESULTS
Centamin will announce its audited financial results for the twelve months ended 31 December 2023 on Thursday, 21 March 2024.
The Company will host a webcast presentation on the same day, at 08.30 GMT, to discuss the results with investors and analysts, followed by an opportunity to ask questions.
Please find below the required participation details. A replay will be made available on the Company website.
WEBCAST PRESENTATION
To join the webcast:
· Webcast link: https://www.lsegissuerservices.com/spark/Centamin/events/0995e3c5-b8c1-46ed-ac98-de2fa708e250
*Gold currently $2029.46
Equities on the Old Continent traded higher in the premarket on Thursday ahead of the newest report on inflation in the Eurozone. Moreover, the euro area, Germany, and the United Kingdom will also post their latest results in services and manufacturing.
The DAX went up by 0.21% at X am CET. At the same time, the FTSE 100 rose by 46%. The CAC 40 gained 0.64%. The Eurostoxx 50 gained 0.90%.
The euro increased by 0.20% against the dollar at 7:58 am CET to sell for $1.08395. Simultaneously, the pound sterling grew by 0.13% against the United States currency to go for $1.26496.
Baha Breaking News (BBN) / JR
Over 175 million shares over the last 8 months
August 2023 Top Ten
#1 Van Eck 110,273,580 ; #2 Dimensional 47,425,970 ; #3 Vanguard 41,000,780 ; #4 Hargreaves ; Lansdown 3.386% ; #5 Aberforth 38,141,675 ; #6 Norges Bank 2.811% ; #7 Schroder 31,157,324 ; #8 Ninety One 27,128,540 ; #9 BlackRock 18,356,831 ; #10 Abrdn 18,275,264
February 2024
#1 Van Eck 111,725,659 ; #2 Aberforth 42,223,186 ; #3 Hargreaves 39,227,049 ; #4 Man Group ; 14,318,307 ; #5 abrdn 9,074,566 ; #6 Quantex 7,030,533 ; #7 Crédit Mutuel 6,200,000 ; #8 Dimensional 5,259,977 ; #9 State Street 4,509,613 ; #10 Konwave 3,838,802
Questions for CEO Horgan;
1) Why have the top ten institutional investors sold more than 175 million shares in the last 8 months? Do they have access to insider info retail shareholders do not - like an ongoing audit by Canadian market regulators?
2) What's your plan to lure new institutional investors and/or keep the few remaining?
3) Is Centamin's board currently looking for a replacement CEO ? Are you shopping for a new job ?
https://www.linkedin.com/posts/don-lawson-98619370_centamin-lse-tsx-activity-7165823285648146432-u5YM
It’s selfish and self centred of you to display your opinions on crypto Mr T.
You can waffle and waffle waffle on and on and on about crypto -
We’ve had this argument for so long now. It’s boring.
Nothing you say will have any bearing in it whatsoever.
Real gold is essential in the manufacture of the vast majority of the computers, electronics and and smartphones to enable the trading of crypto currencies
Gold is used for making electronics as precious metals conduct electricity well and do not rust/corrode. Electrical resistibility of gold is the lowest of all metals, except for silver and copper. But silver and copper readily tarnish causing contact resistance to increase. For low current, low voltage conditions and low contact force, gold is often the best choice technically and in some applications such as automotive RF connectors and MEMS switch contacts, it is the only choice.
Electrical compounds made with gold are highly reliable, we can find them in cell phones, laptops, computers, screens, GPS units, calculators, and other small and large electronics.
The biggest challenge is to recover gold from the devices. The amount of gold used for the compounds is very low and it is hard to recycle the devices and recover the gold from them. That means there is ever less gold available for easy use in the world.
Gold is used for medical purposes as well being found in many devices which are used in healthcare, gold has been used for medical treatments.
Gold is used because it is chemically inert, non-allergic, easy to mold and work with and its aesthetic appeal when used for fillings, crowns, bridges and orthodontic appliances.
Gold is also used to treat some medical conditions such as cancer, arthritis and other specific uses. such as in aerospace because when sending something into space you want to make sure to make it out of the most quality materials. so gold is used in space shuttles, the metal is used in circuitry as a connector and conductor, gold-layered polyester film is applied in spacecraft helping with temperature stabilization and infrared radiation reflection.
Gold is used in the production of glass, one of them being because of aesthetics and because of usefulness, a small quantity of gold is used in glass as it is annealed to get its beautiful ruby colour and also for making glass for climate-controlled buildings, gold also added to the visor on astronauts’ helmets, as it protects them from infrared radiation.
Emerging new uses for gold are nanotechnology, pollution reduction in air and water, fuel cells and lithium-ion batteries, and in solar cells.
Gold is too expensive to be used lightly and only when there is no possibility of finding another less expensive substitute.
Except for jewellery making, the way we use gold today was mostly developed in the last 20-30 years, although the need for gold and its qualities for making new technologies will most likely continue as there are very few substitutes, although supply is increasingly limited.