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Futures have got to hold above 1918 if we are going to take a run higher,we might get it this afternoon when the Cpi figures come out
Cey doing its usually **** poor performance down 2p already and gold price virtually the same as 4.30pm yesterday,perhaps some have took profits anticipating the usual down day when the results come out
CPI (overall) was up - although slight dampens things- we await next data point - as there’s no way the fed can go above 25 in my view
Only running with the 97p long entry position. Rest took off on profits from higher entries. High volume moves of yesterday not following through today. The key to watch is USD which has sat on support most of the day.
IMO the US will do whatever it takes to keep the dollar high.
For them there is too much to lose, the reserve currency and confidence.
Even if it makes their exports much more difficult.
They maintain their exports though military armaments and munitions.
Sad but true.
Maintain mitary supremecy around the world stage.
Silver has just hit resistance since the close. If we get heavy buying of silver overnight then its a case of the FED getting a call like in Apollo 13, Houston we have a problem. Otherwise this metals rally can peter out on falling momentum. At some point the real rally will happen and what we have here is the aperitif. It is when they can no longer play around with manipulated job numbers in USA things heat up. Real job losses usually lead to lower USD and higher metal prices. They can not hide it, as the jobless in some States start living under bridges in large numbers. It gets very visible.
Wonder how much dividend will be down on Thursday and how much the shares will be down even though a collapsed divi is built into our share price. Last year was 4c and 5c This year 2.5c so far so would beed to b 6.5c to make 9 again. I imagine it will probably be around 3 or 4c making a total of say 6c which will only be down a third? But could be even lower? When the 2.5c was declared it knocked us a bit so I expect this happen again on Thurs. Then the market will get used to a maybe halved dividend which alongside the halved share price will continue to give a decent yield to those buying now
You are a cheery soul Sotolo- hope you've stopped listening to muppets like that gold "expert" who got it so wrong the other day :-). I really don't care as don't trade CEY for divi's - in my view holding stocks for a divi is way too dangerous- the markets are littered with people who thought their money was "safe" as gaining on divi's rather then SP, only to completely ****ed over when the companies dump the divi an the holder are stuck with a very low SP.
Many dump before any scheduled RNS as a precaution, and buy back in on gain missing out on part of a rise- other hope- it's your choice...
Silver in retreat and some bank stock recovering. Looks like the fire is out on what gave the metals a good rally unless we get a rekindling somewhere else to set it off again.
Hi Sotolo
So the divi may be less than wanted. Over 5-10 years which I have reaped the divi from CEY what the hell do I care for less than the normal divi for the next few years. I still have the basic share holding (albeit like all my long term holdings )at a considerable SP above purchase price. Think in 1 or 2 year term or less to get rich and be consigned to the market dustbin of the 78% who think they can get rich quick. Fallacy!!!! Hold and wait and if the divi is still giving hold for longer.
But what do I know .Do your own thing as I do and the very best of luck to you all.
Hi Tibbs Gnome on a different tack USA has had 2 banks default but depositors have been insured against losses. Can you advise how many private as distinct from State banks have failed in Russia during the same time scale I know the answer but interested in what you reveal , if anything.
Kindest regards
Bob
Sotolo ,it maybe a halved share price for you.
But your supositions about the dividends are just that.
I dont care nor do others about your entry point into the company.
That was your decision.
We wait now fot the announcement.
Which is the reality.
I don’t understand your aversion to dividends Steve, to me consistent & reliable dividends are the hallmark of a mature, well-managed business.
Investments that you are required to sell in order to access your capital/profits are in my experience far more risky/volatile than good dividend payers.
Mining companies have notoriously volatile dividend levels, just look at BHP & RIO’s most recent dividends compared to their previous ones, but this is a reflection of investment risk due to the volatility in commodity prices.
Risk/volatility goes both ways, at the moment dividends in general comparatively poor throughout the mining industry but the cycle will turn - I still like to have a large portion of my yield portfolio in more consistent dividend payers as I want to have a reasonable level of reliability on my cash flow so I am never placed in a forced sale position - I exit my positions when I consider it advantageous financially not because I need cash.
Can you explain why you do not see consistent dividend payers as being attractive investments?
Good comments Sotolo, it will soon be Thursday and all will be revealed.
Thanks Bob
I do not know how many banks in Russia have failed. I do care about the greed and stupidity that I have to pay for, that is exhibited in the USA. Is is just ridiculous. The auditors and regulators check list is very well known , and easy to impliment, so just why does this stupidity continue to happen. Who benefits (a few). Who does not (most). Why are "Banks" who love risky bets, allowed to become...too big too fail! NOthing new?
https://www.rollingstone.com/politics/politics-features/taibbi-bernie-sanders-banks-732633/
https://www.youtube.com/watch?v=sdhX92ZttnU
It is a reasonably simple matter to have a stable major bank system. No rocket science here, but of course, this would be boring, would not attract "talent", and precious investment capital may not be spent optimally to create...speculation (etc)...LOL
Although on the flip side, if I may, it is a great buying opportunity for tier 1 assets, as these get marked down (not all) by the madness of the masses and the "autotrades".
I think the masses deserve a lot better than is served up by a poorly engineered, poorly regulated and unstable financial system.
In Oz, the Pollies have decided to double down on the national debt and buy $360b of second hand subs, so we can have nuclear subs steaminig up and down over 4,000 kms of coast line each, to protect our national interest and keep the Chinese invasion force out, when at the same time we have so many Chinese students (does anyone recall the wooden horse and the downfall of Troy?) cominig in throught the airports and applying for permanent residency, they dont (or cant) even count them. Strange world.
No one seems to want to learn from failures
good luck to us all, tier one assets is the go for me ...
best
the Gnome
Spoonington- because dividends can be lifted at any point eg stopped and then you are stuck with the low SP at the time which is generally the case- and here is a particular concern for those who have get reinvesting for divis. It’s fine as part of a balanced portfolio eg some divi payers in there was different companies and different sectors- balance is key. My aversion here is obvious- a gold miner with divis being “relied” on is bonkers- miners are massively high risk stocks and go rely on a divi from a massively high risk asset is bonkers
Steve, my average price is currently 114 (on 584k), I was only saying that the dividend will be lower than last year and asking what this might do to the share price ie not questioning the importance or not of dividends but the effect of reduced dividend on the share price? I am very cheery, just honest about where the share price might go short term. It seems Horgan has kicked the can of everything will get better (ie profits recover) in 2023 down to 2025, but as you say miners are hugely volatile and depend even more on the gold price than management ineptitude imho. Anyway let’s hope tomorrow brings some good forward news alongside the lower dividend (by how much is the point) Horgan does seem to be getting costs back down a bit. PS the muppet couldn’t have predicted an outlier like a failed bank last week, the bigger question is whether he is right and gold will not hold these highs, I of course hope his long correct streak of predicting lower will turn and gold will soar
Strange- i’ve been on this board years and years and your self confessed losses are vast or they were a few years ago and now miraculously your average price is 114- how long is your nose now!
I think that Sotolo sold shares to buy Hoc and Ths and then bought back in here later on after the price had dropped here.
My average is around 110 --112 now I think. That includes some I bought in the 30's a long time ago and some at over 200 pre "The wall" and when Sotolo was talking of £3 a share. Obviously I regret not buying more in the 30's and buying some in the 200s and on the way down. I did manage to find a bit to buy some in the low to mid 80s a couple of times.
Maybe Im getting too old--but there seems to have been a bit of niggle creeping in between various people on there the last month. So , just remember this.
https://www.youtube.com/watch?v=UUOxEwCuEgQ
Thank you Paul for your thoughts and the link to a very relevant quote by James Stewart, if only more people would remember that!
Hochs down ~46% in the pat 12months
Hi Steve,
"Consistent & reliable dividends are the hallmark of a mature, well-managed business"If only that had been the case!
Although that said, true there was some consistency in the stream of excuses, missed updates,media balcony and certainly the repeated denial of the facts along with the intentional poor mining practice at the Sukari operation from 2015 on!
Unfortunately the same consistency of value cant be claimed for the share price,the market cap or confidence in the company, and certainly not the dividends!
To be fair though disappointing RNS's have been pretty consistent since 2015!
So let's hope Martin Horgan who has inherited a huge pile of crap can deliver on his promises with at least some more reliability than the last shower of carpet baggers!
One the brokers favourites for CFD is Hoch because of its share price volatility !
Unfortunately CEY also falls into that category especially since 2015!
The thing I have come to realise if somewhat late is the majority of CEO's especially in mining companies never tell the whole truth and some just lie through their teeth!
Hi Gnome
Very well said and is their a model system in the world that does not have its pillars supporting greed and down right fraud and irreconcilable debt. Sadly I think not. Some try to conceal the shortcomings behing fear and propoganda and others by smoke and mirrors. Couldn't agree more that Tier 1 is where true value lies.
I am led to believe that at least double digit private bank failures have occurred in Russia but concealed by absorption or acquisition by the State Banks. Wheels always turn full circle . Not sure why at my age I care any more.
Regards to all
Bob
Fair enough, I must admit I do not place too much reliance on the dividends from the miners in my portfolio as I fully expect & understand volatility in their dividend levels - I still like getting them none the less :)
Sorry Mr T, I am too bored with your ongoing ill-informed ramblings to pour any scorn on you although you are clearly inviting it.
My sincere apologies for not being able to motivate myself to ridicule you :)
Dear Steve. What I have lamented losing on Cey is that my shares were worth over a million, but are worth half that now, not on the cost, and thus prevented me building along with Hoc even worse. I started buying Cey in the 50’s and have added when they have fallen to the 80’s as looking back you can read, I have also bought some more expensively hence the 114 average(103p in the isa) Happy to send you my broker notes and photo which will show my nose is actually quite short even a bit snub. And yes I very stupidly did sell a small percentage to buy Hoc and THS, Hoc was a terrible mistake mainly because of the Peruvian election a couple of years ago, but THS has declined less than cey (about 25% from my cost price tho added more cheaper) and is paying a lovely big divi today. Xx