The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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.
Good luck to all holders tomorrow- and I’ll be ready to press the button as fast as i can if good- also depends, of course, on markets too plus gold - todays another reminder that cey is a stock and not gold itself - hence the SP
Fair comments Paul!
As we are all too aware there were far too many missed targets and unrealistic promises from Pardey & Youssef in the past!
It would be nice if the results were good and the price went up! How long is it since that happened?
Gold staying at this level or rising would help in the longer term-------and should bring lower costs and bigger dividends.
As I said recently, Martin Horgan could walk away with no loss of face, so Im guessing he is staying because he thinks he can improve things.
Boring but a bit better than "Steady as she goes" , should help bring the credibility levels back up a bit more.
Lets be honest, if he suddenly promised a lot, we would all be panicking!
Fingers crossed!
Best of luck y’al
Well gold has made it through £1600 for the first time ever and is now over two percent above the previous all time high. Hopefully ounces will be back up nearly 10% at around 440k and partly as a result costs not up much and maybe even down slightly in which case the news will be good unless the dividend hammers us, I am staying all in but then I am not a trader.
Patryk
Wishfull thinking the share price always falls on results day,thats why people have sold and we are now down despite gold price up again
Yep Mr T- same as I heard from a different source :-).
RIYADH, March 15 (Reuters) - The head of Credit Suisse Group's largest shareholder, Saudi National Bank (SNB) (1180.SE), said on Wednesday it would not buy more shares in the Swiss bank on regulatory grounds.
Credit Suisse's biggest backer says can't put up more cash; share down by a fifth
"We cannot because we would go above 10%. It’s a regulatory issue," SNB chairman Ammar Al Khudairy said in an interview with Reuters. The Saudi bank holds a 9.88% stake in Credit Suisse, according to Refinitiv data.
https://www.reuters.com/business/finance/credit-suisses-saudi-backer-happy-with-transformation-plan-doesnt-think-extra-2023-03-15/
Back to CEY... as per my norm, I won't be in for tomorrow's RNS, like many here, too long in the tooth and been whacked at RNS in the past! Will be ready to hop back in tomorrow on any rise and hopefully only miss out on the initial jump at open if there is one.
So, any views here on what is likely to come out in the RNS other than the obvious?
CSwiss leverage ratio still good, no liquidity issues, different issue to SVB, confidence issue now... not like 2008- regulatory changes since 2008 crisis in play hence Saudi couldn't step in.
Mr Bond,
Possibly some US suppression or manipulation to allow the closing and opening of trading positions to try and be on the right side of the boat?
Always euphoria lol- gold will pullback as hysteria subsides - CS will be fine, banks will be fine - tomorrows RNS important - the brave will remain in, some will bail before day end on fab profits again today too :-). Then if good RNS tomorrow at 07:00 and markets ok incl gold- go back in on any rise
Looks like market is expecting the results to be good along with the higher Gold price, this will explode if that’s the case.
1930!!!!!!
Got that real gut feel now that CS is pretty much a gonner and gold price is being supported by the too big to save possibility - and hence all mayhem and the collateral damage this could cause.
Credit Suisse’s share slump, which fell as much as 24%, has intensified fears of a 2008 financial style crisis, according to Fawad Razaqzada, a market analyst at City Index and FOREX.com
“An index of European bank stocks fell 5%, while the Euro Stoxx 50 volatility hit its highest since October. You get the picture: investors were panicking,” said Razaqzada.
“Bloodbath, if you will. This comes fresh on the heels of a broader industry selloff following the collapse of Silicon Valley Bank. Concerns over another 2008-style financial crises have intensified.”
https://www.proactiveinvestors.co.uk/companies/news/1009062/ftse-100-lower-lloyds-and-hsbc-tumble-as-credit-suisse-shares-suspended-1009062.html
I got concerned when Wall St opened.
the Gold dropped $6 in 6 minutes ,but now has stabilised to 1923.
I am indeed a cheery soul, and with more good news; gold has hit an all time high today … in sterling, that counts for our sterling profit, the miners challenge remains costs especially translated into sterling so as usual I shall be watching them keenly on Thurs, but lovely to see gold finally nearing £1600
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
Nasty bank anyway rob the Jews and kept the money for themselves when nazi will gone.
Shares of embattled bank Credit Suisse hit another all-time low for a second consecutive day.
Credit Suisse’s biggest backer, Saudi National Bank, has said it won’t provide further financial help for the bank.
Speaking to CNBC’s Hadley Gamble during a panel session in Riyadh on Wednesday morning, Credit Suisse Chairman Axel Lehmann declined to comment on whether his firm would need any sort of government assistance in the future.
https://www.cnbc.com/2023/03/15/credit-suisse-shares-slide-after-saudi-backer-rules-out-further-assistance.html
The only way is UP!!
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 :)
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 :)
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