Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video 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.
Could BRICS nations drag the US back into the gold standard?
Ron Branstetter of Ron’s Basement to discuss the accelerating pace of change that silver stackers should experience in the months to come.
https://www.youtube.com/watch?v=zsxynYs0naM
Danielle DiMartino Booth with The David Lin Report
Companies expected to ramp up white collar tech company lay-offs come March, according to research by Danielle DiMartino Booth, CEO of QI Research.
https://www.youtube.com/watch?v=ovXaIFPy-ks
(*This video was recorded on January 22, 2024)
Data release at 13:30, so I baled out again on the button. Lovely 24hours though.
This data normally not support for gold and CEY.
GLA.
Hi Paul'
Surely with the profits made they should be considering at least 4c minimum?
Hi Gnome,
The market is run to make money for the market and to the most extent by reaction to the last piece of hype and innuendo immediately after which it is waiting on a knife cadge in anticipation of the next utterance of innuendo from the FED, true facts or reality are paid scant regard until the next inevitable market catastrophe which of course will be blamed on everyone and everything else rather then the real culprit's running the market!
Then there will be the desperate scramble by governments and central banks to yet again conceal the market systems failings by using their fiscal toolboxes to shore up and bail out the greedy culprits which will of course be paid for by taxing the innocent and cutting their pubic services!
Tibbs
European stock indexes traded higher in the premarket session on Friday after the Bank of England (BoE) decided to maintain the key interest rate steady, following the same decisions made by the European Central Bank and the United States Federal Reserve. However, BoE's Governor Andrew Bailey stressed that it is still too early to consider interest rate cuts, although the latest inflation indicators are encouraging.
The DAX gained 0.22% at 8:00 am CET, and the FTSE 100 added 0.34%. At the same time, the CAC 40 improved by 0.30%, while the Euro Stoxx 50 increased by 0.50%.
The euro and the British pound were both flat against the dollar at 7:58 am CET, selling for $1.08752 and $1.27452, respectively.
Baha Breaking News (BBN) / JJ
Happy Friday y’al
Enjoy your weekend
Gold currently $2055.13
The prices of precious metals were mixed on Thursday following the decision by the United States Federal Reserve to maintain interest rates at their current level.
Gold and silver experienced gains after US Federal Reserve Chair Jerome Powell stated that the highly anticipated interest rate cut in March was unlikely. These recent remarks seemingly prompted investors to turn towards safe-haven assets amid market uncertainty.
Gold surged 1.21%, to go for $2,059.53 per ounce at 11:24 am ET. Silver added 1.25%, selling at $23.14 per ounce at the same time. Platinum decreased 0.31%, to stand at $916.72 per ounce and Palladium plummeted 1,89%, to go for $952.14 per ounce simultaneously.
Baha Breaking News (BBN) / RR
Look at the markets Mr Bond today- the opposite of a flight out…
Or simply a flight out of shares to safe haven ie gold and treasuries.
R1234- prob the US statement earlier on Iran, US 10 Year dropping further.
Good to see markets coming back after Jerome being not so accommodating is his words yesterday.
Looks like my post was correct earlier this pm.
Gold price is flying, CEY not so much, no idea why.
You’d think it would go up now… hope I’m not wrong…
Aside from trying to trade the peaks and troughs on fundamentals, to state the obvious again, CEY need to deliver actual results ahead of expectation.
Yes, recent results have "met within range", and beaten on AISC (which is why I was surprised as I said on release that I thought the SP raise would have been greater).
However, when you give away so much of your profits, this weighs.
Having said this- look at other PMs, most suffer a similar fate at the moment...
Maybe when the full financials come out and show profit, more of a rise may occur.
Else this moves with markets.
Someone mentioned "divis", well in my view there are lot more "safer" (based on my view of risk) to get a way better divi.
GLA.
I'm hoping for something better than that. Didn't they base things on a gold price around about $1930?
Seeing the share price drop a bit this morning (again!) hurts a bit.
I know they have said about not paying as much , percentage wise, in dividends, but we could do with something, especially as the share price seems to be struggling to even get to a quid and hold.
Maybe a little special dividend as a thank you to the LTH and to celebrate the waste removal coming to an end?
We always seem to be waiting on the next quarter or the next RNS --------and I'm hoping the next one will be a bit better than "Steady as she goes" and the share price will start to move upwards.
Major European stock markets traded lower on Thursday's premarket amid earnings reports from the area's major banking institutions.
Earlier, Deutsche Bank reported a fourth-quarter net profit of €1.3 billion, beating expectations and providing some relief for shareholders. Besides, BNP Paribas, ING Group, and F. Hoffmann-La Roche also reported financial results.
The DAX lost 0.36% at 8:03 am CET, while the CAC 40 fell 0.37%, and the FTSE 100 declined 0.11%. The pan-European Euro Stoxx 50 inched down 0.60% a minute later.
The euro was down by 0.11% against the dollar at 8:05 am CET, selling for $1.07963. In comparison, the pound lost 0.12% to go for $1.26597 at the same time.
Baha Breaking News (BBN) / JG
Gold currently $2043.84
I do not think the market is fickle. There is lot of stress, and the market is messy
Mounting commercial property losses at two overseas lenders within 24 hours triggered a sell-off in local bank shares in USA, as wary investors brace for an uptick in bad loans tied to the troubled US real estate sector.
Troubled Real Estate, and where have I heard that before....and then we have Chinese real Estate and Developers, LOL
Not to mention countries defaulting, or "restructuring their foreign debt"
Tesla is being exposed for what it is, a lot of hype, and an exorbitant P/e ask....
The pigeons are coming home to a mess.
the gnome
Job gains for January missed expectations.
So Gold is now favoured as a safe haven.
A very fickle market, all the traders listen to are short term trends.
Gold just spiked to $2051 ----Has there been some news?
Still looking for a way to play the coming devaluation.
how Sawiris is positioning himself - and if Centamin is to benefit or face unforeseen issues. The black market vs official rate is just massive!
https://www.bnnbloomberg.ca/egypt-billionaire-urges-big-devaluation-and-warns-of-disaster-1.2028178
Egyptian billionaire Naguib Sawiris criticized delays in enacting a long-awaited devaluation of the pound, suggesting authorities match the spiraling black market rate to end the nation’s chronic foreign-currency shortage.
Postponing reforms is “a disaster that will increase the extent of the critical situation we are in,” Sawiris said in an Arabic-language post on social media platform X. Egypt’s pound has plunged on the parallel market to 68-70 per dollar in recent days, leaving it more than 50% weaker than the official rate of about 30.9.
“The right way is to start from the black market rate and then it will go down gradually, so everyone would agree on selling their dollars through the official channels if the two rates became equal,” Sawiris said.
Most analysts expect Egypt to carry out what would be its fourth devaluation since early 2022 in the first quarter of this year. But Sawiris, who’s ranked as Africa’s seventh-richest person on Bloomberg’s Billionaires Index, suggested Egypt needs more than gradual adjustments to resolve the crisis.
“Any attempt to solve the dual exchange rates by offering the dollar at a lower rate than the black market won’t be successful,” Sawiris said.
The previous run of devaluations has already slashed the pound’s value by half, roiling businesses and consumers alike in the Middle East’s most populous nation. Another move would fuel a further painful surge in inflation, which recently began cooling after hitting a record 38% in mid-2023.
To hedge themselves against the devaluation-inflation spiral in the country, local investors have been flocking to the stock market. The benchmark EGX30 index rose more than 18% in January in dollar terms, making it the world’s third best-performing stock exchange, after Argentina and Nigeria. Derivative traders have meanwhile been ramping up their bets on a devaluation through short-term non-deliverable forwards.
Hopefully 2.5c. Which would leave the annual dividend only halved in a couple of years.
Major European stock indexes traded flat to lower during the premarket session on Wednesday as all eyes were focused on the fresh reports on retail sales from Germany and Switzerland, as well as the German unemployment rate and inflation, scheduled for today. In business, Banco Santander, SA, and Novartis released its financial results for the fourth quarter of 2023.
The DAX and the CAC 40 were flat at 8:00 am CET At the same time, the FTSE 100 dropped 0.14%, while the Euro Stoxx 50 declined by 0.6%.
The euro lost 0.27% against the dollar at 7:58 am CET, to sell for $1.08152. Simultaneously, the British pound fell by 0.21% compared to the greenback, trading at $1.26698.
Baha Breaking News (BBN) / JJ
Happy hump y’al
Forecast Dividend anyone? Thanks!
Equities in Europe traded mixed in the premarket on Tuesday in anticipation of the newest update on Germany and the Eurozone's gross domestic products (GDPs) and the United Kingdom's housing prices and mortgage approvals.
The FTSE 100 rose by 0.43% at 7:47 am CET. At the same minute, the CAC 40 went up by 0.35%. Meanwhile, the DAX and the Eurostoxx 50 stood flat at 7:48 am CET.
The euro lost 0.13% to the dollar at 7:50 am CET to sell for $1.08169.
Baha Breaking News (BBN) / JR
Gold currently $2034.66
Egypt has asked the Houthis to focus attacks only on Israeli ships, "Al-Araby Al-Jadeed" reports.
may Sisi keep his promises , and may Allah move the sleep from our eyes , our enemies are not our friends , to be mistaken is to be wromg
https://en.globes.co.il/en/article-egypt-asks-houthis-to-attack-only-israeli-ships-report-1001468870
That tarriff you mentioned from Trumpeter is not 10% .
Its 60 %, bigger and better from trump.
The market ,in fact no one will like that.
Nixons executive order did not last out a year, it caused dollar exchange rate problems, you really have to wonder what planet they are on . Far far away 10 million light years away , ;-)