Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Well done Pam, you’ve made a nice big profit. You could take it, or risk it for more. Sept 2021, I tried to persuade a friend to sell his crypto. He held and lost all his profit. He still held and is back up. He’s a holder and sadly he may also miss out on a second large profit this time around. You can always buy back Pam. DYO. All the best.
The panic behind physically-driven precious metal rallies and a major update on the BRICS commodity-backed currency that hastens de dollarisation.
https://www.youtube.com/watch?v=kkCpzxtFBYg&t=1s
Hi Everyone,
I was thought I had made a big mistake when I sold some of my existing shares and put two years worth of ISA allowances into Centamin at around the 80p level thinking it seemed a very cheap buy, seems it was, I wonder how high this will go?
I would like a better dividend, although still really pleased!
Pam
Kitco News) - Gold’s role as a monetary metal has dominated the marketplace for the last two years, and now Zimbabwe will be utilizing its gold reserves.
Friday, the Reserve Bank of Zimbabwe announced that on April 8, the government will launch a new currency backed in part by gold. The new currency, the ZiG – short for Zimbabwe Gold – will also be supported by a basket of foreign currencies.
The new currency comes as the current Zimbabwe dollar has sharply declined against the U.S. dollar. It is currently the second worst-performing currency against the greenback this year.
https://www.kitco.com/news/article/2024-04-05/zimbabwe-introduces-new-gold-backed-currency
Steve for anyone buying 1 ounce gold coins in late March, they have recovered all the premium and are in profit. If they bought a coin at the beginning of 2023 they are 40% up. In fact in 2022 you could buy 7 one ounce gold bars for £10,000 and today it is just 5. I wonder what this rally is telling us. We should know more next week. Gold daily RSI 84. Weekly RSI now at 77.
And if your a volume man, like I know Razor is, check the volume.
I thought it was odd someone buying just over 2,000,000 shares on an ordinary trade this morning...
Happy weekend all- the only downside is though gold necklaces for pressies just got even more expensive lol.
Yes, take a look at Kitco , an American publisher, " the west is loosing price -setting power."
As well as many other comments there on Kitco.
Anyone know the reason for this sudden spike?
Avg Hourly Feb (0.2%/4.3%), March (0.3%/4.1%(YonY))- don't need to consider raising rates
Not pushing inflation higher
Likely Sept rate cut and not July- so moves again.
So for FED, more people going into workforce- therefore good for GDP, and with wages not going up, another good.
Good for US economy
Tricky one to day trade for me any rate other may find it easier!
Checking out now, good weekend all.
Tibbs very much off topic and if you think any of the other parties can do better talk again in 3/4 years, regardless it is all about politicians who know only politics.
Say something and do something else, say nothing and do something that needs changing because it shouldn't have been done in the first place.
NFP much higher- not supportive, initial reaction.
(303k against 214 est)
Wage growth as expected 0.3%
Unemployment same 3.8%
Last wages revised up (not supportive)
Tories are about giving money to richer people and letting poor working class pay more , It is not morally right to give bigger tax cuts to someone earning 50 .000 k a year and then letting low earning pay the full whack of cost of living the sooner the Taconservatives are out of office the better . Sunak cuts capital taxes for himself look at his tax return , corruption springs to mind . Sunak takes full pay increase on salary even though earns millions already what a hyprocrite .
Last updated: 2 April 2024
Full Fact’s rolling live blog of political fact checks
2 April 2024, 1.24pm
Prime Minister’s claim about ‘tax cut’ for workers doesn’t account for threshold freezes
In an interview on BBC Radio Newcastle [2:21:30] this morning the Prime Minister claimed that “an average person in work is getting a tax cut of around £900”.
This figure refers specifically to savings from recently announced reductions to employee National Insurance contributions (NICs). On 6 April the main rate of NICs will be lowered from 10% to 8%, having been previously reduced from 12% to 10% in January.
£900 a year is the amount an employee on the average full-time salary (about £35,000) will save in NICs due to the combined four percentage point reduction.
But, as we’ve said before, Mr Sunak’s claim that workers are receiving a “tax cut of £900” misses important context. Ongoing freezes to the threshold at which people begin paying National Insurance contributions and income tax mean the savings for someone on the average salary are substantially smaller.
Once the impact of all tax changes are factored in, the Institute for Fiscal Studies says the average worker only stands to save £340 in 2024/25 while those earning less than £26,000 a year will actually be worse off.
The IFS adds: “By 2027–28, after another three years of real-terms cuts to tax thresholds, the net effect of income tax and NICs changes since 2021 for the average full-time earner will be a tax cut of £140 per year”.
Markets and gold too a dip on FED officials yesterday-
https://www.reuters.com/markets/us/futures-drift-higher-recent-data-bolsters-rate-cut-hopes-2024-04-04/
NFP Data day today
GLA - and happy Friday.
Equities in Europe traded mixed in the premarket on Friday while waiting for the newest reports on the United Kingdom's house prices and construction, Germany's factory orders, and the Eurozone's retail sales.
The DAX and the Eurostoxx 50 stood flat at 8:00 am CET. Simultaneously, the FTSE 100 decreased by 0.09%. On the other hand, the CAC 40 rose by 0.09%.
The euro lost 0.10% to the dollar at 7:59 am CET to sell for $1.08267. At that moment, the pound sterling declined by 0.14% against the greenback, going for $1.26255.
Baha Breaking News (BBN) / JR
Happy Friday y’al
Enjoy your weekend
Gold currently $2281.47
There could be a lot going to happen around Israel. The Israeli military was scrambling GPS signals, as the country braces for possible retaliation by Iran or one of its allied militias for a suspected Israeli airstrike Monday on an Iranian diplomatic building in Syria. The attack killed a senior Iranian general and six other military officials, and marked an escalation of the years long shadow war between Israel and Iran, with the potential to explode into direct conflict.
“With God’s help we will make the Zionists repent for their crime of aggression against the Iranian consulate in Damascus,” Iran’s Supreme Leader Ali Khamenei said Wednesday in a post in Hebrew on X.
An adviser to Iran’s Revolutionary Guard also said to expect a form of retaliation on Thursday or Friday, saying Iran would choose an action proportional to the Israeli attack in Damascus.
and so on, and on, and on....
Tragically sad, One would have thought they would have evolved past this
Hard to not see this going to escalate more than it has already ...
the gnome
Morgan Stanley want to be the first bank to to fully approve:
https://bitcoinmagazine.com/business/report-morgan-stanley-ubs-bitcoin-etfs-all-clients
Bust through to 2,300 again and back a little...
Good to hear from you Prof :-).
Am not fussed on divi's but I tend to agree with others that any increase would be for the SP- as we are just over 60% institutionally owned and they like divi as part of their investments.
Equally, any increase would also be a great sign that they are "out of the woods" and very clear as they wisely reduced it and didn't increase as of yet until they are sure.
Paul, The dividend is based on 2023 year end numbers so don't think any chance of an increase. However if GP remains high through 2024 then we will certainly deserve better.
Profit is not the same as free cash flow but 30% of $250million is $75m or about 6.5c a share
hi paul,
yes, they were *** packet numbers and all from memory but what i was saying was that at $2250 gold (seems like a distant event now) then taking aisc as c. $1250 and the top end of production of 500, 000 oz then that would be $500m of profit. sharing that 50/50 with egypt (yes i know egypt actually get just beyond half) that means $250m left.
best wishes,
prof
If gold stays anywhere near this level, bearing in mind it has been over 2100 since the start of March and 2150 since 6th March, it would be a nice gesture if the 2cent dividend was increased to 2.5, which would at least give us the same dividend as last year. It seems small potatoes if you think gold and the share price are both going up, but I think it would be a nice gesture and the market would probably like it too.
I need to have a look at the RNS, but I think Prof mentioned the amounts they could be making if AISC were at midpoint and ounces mined at the 500,000 mark.
Very good point re Doropo Daz - but before then Q2 revenues are going to be rip-snorting. That is the technical mining term I believe.
Hehe love it!
117.90 close -