Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Crypto up again today
You are welcome nunquam,
Thanks, one of my reasons for not buying crypto, is that one skill that i have, is , that I'm very good at loosing things.! I am sure ,that If I had crypto, then i would lose my key and not be happy !
Since 2008 and in that time must have known that there is a deluge of offers where the promise of "zero loss" opportunities in trading have never, under any circumstances, been true. The key to the above was the same as any of the other current scams in that there is an offer for ongoing profit with no effort involved. All you need to do is to sign up to one of the brokers being recommended. That in itself shows straight away that the way in which those making the offer make their money is from affiliate commissions, exactly the same as Bitcoin scams.
https://www.trade2win.com/threads/i-believe-i-was-scammed.240048/
NunQuam,
Please see the following article on boiler room scams and cold calling which explains the regulations concerning the points you raised and this may explain why some brokers offer free information on certain stocks via adverts on the internet because when you request this free information then they can say that the person made contact with them first!
What is a Boiler Room?
Boiler Rooms are businesses that use high-pressure sales techniques to sell "sure thing" investments with the promise of massive returns. In fact, what they're selling is worthless stock in often unquoted companies that are either overvalued, or that simply don't exist at all.
How they work
Boiler Room operatives generally cold-call their targets, using phone numbers from publicly-available shareholder lists. Because it's against the law for brokers to cold-call in the UK, they tend to be based abroad (often Spain, Switzerland, or the US) where they're beyond the jurisdiction of the Financial Services Authority (FSA). They can approach anyone, anywhere.
Boiler Room techniques
A Boiler Room can look and sound legitimate. They may mention companies you've heard of, give themselves a UK address or phone number and possibly even have a professional-looking website. They're notoriously persistent and can hound a victim for months in the hope of a sale, catching out even seasoned investors. According to the FSA, Boiler Room Scam victims lose on average £20,000. The bottom line is that if an opportunity sounds too good to be true, then it almost certainly is.
The advice is simple. If you think you're being targeted by a Boiler Room, the FSA's advice is not to worry about being polite - just hang up. You should then call the FSA contact centre on 0845 606 1234 with as much detail as you can remember. You'll find more information about Boiler Rooms on the FSA website Financial Services Authority
looking better now and buyers showing a presence the past four trading days. Macd crossing confirmed and RSI 48. Technical traders would / or have taken positions. Also dollar weakening and the UST yield flatish so; not all glum news peeps. Trying to be positive - it helps :)
Pleasure Nuquam,
Please see-
April 12 2011
T2W forum member seeking a employment with a stock broker was surprised when he was asked to "Coldcall" potential clients .
Hey guys. Just a quick question. I have been in contact with a company called Logic Investments with regards to the job of trainee stockbroker. They said to me that I would have to cold call several private clients and once proven would make my way up and end up taking exams. I have 2 questions really.
1) Are they legitimate?
2) Is this process of "account opening" normal?
Cheers guys
There are always stinkers who will con trusting investors!
Two South London men who raked in £37million from 2,000 investors who thought their savings were going into an ethical scheme to plant trees have been convicted of conspiracy to defraud. The verdicts came on Tuesday at Southwark Crown Court, and Andrew Skeene and his business partner Junie Bowers will be sentenced at a later date.
The pair launched Global Forestry Investments in 2009, advertising a return of 12 per cent a year from growing teak trees in Brazil. They claimed their plantations would generate sustainable forestry and support local communities.
https://www.thisismoney.co.uk/money/experts/article-10884401/TONY-HETHERINGTON-FCA-looks-drug-dealing-boss.html
Thanks . I will avoid CFDs !!!
Hi Mr Bond,
Fair comments,
All of us Centamin holders are in need of some good cheer and luck at the present, although in the main we are where we are because we were conned by those in very senior positions who were less than truthful and were far better at selling a lie than they were at running a mining company properly, but then they are not alone, indeed the markets are run on lies and spoof by those who lack integrity, but are adept and skilful in taking advantage of investors in some cases gullibility, lack of understanding, even trusting nature.
We all make mistakes at times; I recall one of my biggest which was allowing myself to be persuaded to get involved in CFD trading!
In 2011 after months of receiving daily telephone calls from a chatty Darren, partner in a Logic Investments London I was foolish enough to be persuaded by him to open what he described as a CFD advisory account that he would personally look after.
I really didn't understand anything much about CFD trading, although reading though the literature he sent me it seemed that one could make exceptional profits very quickly on leveraged CFD's.
What did concern me though was if such profits could be made so quickly, then surely huge losses could also occur very quickly, so I asked him if this was the case?
I was told not to worry as he got 70% of the trades right and in any case, he would be using "Stop Losses" to protect my portfolio.
So, I was persuaded to transfer a very considerable part of my portfolio to his company to be used for margin purposes through Logic's Saxo trading platform.
Move things on 12 months to when CFD trading had turned into a 24/7 nightmare for me as after following the advice of my now not so chatty and nice, but very persistent advisory CFD broker the part of my portfolio transferred to his company was now worth considerably less than the initial amount transferred!
I asked Darren my advisory CFD trader about this and he quickly pointed out that in the past month trading of mostly short positions on my behalf he had got 34 trades out of 47 right!
That was true, but then when I looked at my account it hit me between the eyes one investment consisting of numerous CFD positions was now down over £30,000!
In the last month my brokers trading commissions were well over £4000 and yet my actual profit after costs etc was £370!
So partly because of this but mainly on my doctors’ advice who was concerned about my mental state I paid off my debt to Saxo bank and closed my CFD account!
I have never traded in CFD's or short positions since and although this was a very worrying and very expensive time the experience taught me a great deal about the dark side of trading the markets.
Since then I have tried to turn a negative experience into a positive by not making the same mistakes again and by trying to help other investors avoid getting reeled in by the very clever marketing tactics used by CFD brokers.
Major European stock market indexes traded higher in the premarket session on Tuesday, as investors show hope over the latest decisions on rate hikes, put into place to curb the rising inflation.
Earlier, President of the European Central Bank Christine Lagarde stated that bringing inflation down to 2% in the medium-term remains the central bank's primary objective. In addition, she underlined that "anti-fragmentation is a pre-condition to a proper transmission of the normalization of our monetary policy."
The DAX rose 0.53% at 7:22 am CET, while the CAC 40 gained 0.43% simultaneously. The FTSE 100 increased 0.41% at the same time.
The euro was up 0.11% against the dollar at 7:25 am CET, selling for 1.05213. The pound added 0.14% versus the greenback and went for 1.22674 at the same time.
Baha Breaking News (BBN) / AY
Reputational damge , Ha! “As a monetary policy tool, the yield target contributed to insuring against extreme downside risk by (EXTREMELY) lowering funding costs FOR AN EXTREMELY LONG TERM, and reinforcing the other key elements of the package of policy measures,” the Reserve Bank’s review said.
“In its application, however, and with the benefit of hindsight, the yield target could have been ended earlier.” WITH THE BENEFIT OF THOUGHT THEY WOULD HAVE NOT DONE WHAT THEY DID! Benefit of hindsight, baloney. A complete disconnect with how market and the world works!
The Reserve Bank of Australia concedes that the disorderly end of its yield curve control policy in November last year triggered market volatility and dislocation and inflicted “reputational damage on to the bank”. Reputaional damage well deserved.
The Fed was/is no better, Team Transitory thinks that not only inflation is transitory. They think the pandemic and the war in Ukraine are transitory, too, and so are the poutcomes from these events transitory?? . But the striking thing about all three is precisely that they just keep going, in defiance of Americans’/Feds attention deficit disorder.
Has China’s COVID-zero policy miraculously prevailed over the omicron variants of the virus? Only in Beijing’s propaganda. In both the capital and Shanghai, they are back to mass testing and restrictions.
Is an end to the war in Ukraine imminent? Only in the imaginings of those who have insisted all along that Ukraine would win it. On the bloody battlefields of the Donbas, Russia is gaining ground in a brutal war of attrition.
The Fed has exhibited and continues to, exhibits no ability to learn from past disasters. And yet they contonue on...same old, same old.... trying to impose their view of reality on the financial markets of the world, which do not behave like their text books or models,
Can't we do better than this?
Sigh
the gnome
Steve ,not aimed at anyone.
Just a HA HA to try and have a chuckle.
Much needed here after reading many recent posts.
I do not enjoy situations where PIs lose money ,whatever the reason.
We have all been there at some point.
Yes you are right about diversity.
I find it amusing on the crypto forums when I mention cey- they say the same as you do to crypto- but say why send more money after bad- look at the dire performance over 5 years by comparison and old hat etc etc - I always respond the same way- diversify, hold both but only as limited part of your high risk element of your portfolio
Envy is a very poor trait :-)
Or how about the woman in a luxurious fur coat ,but no knickers. :-).
I do recall the old stories about the EMPEROR WITH NO CLOTHES
In a year in which mining stocks have gone from strength to strength, Centamin shares have slumped. So, is this an opportunity to buy?
Posted by
Dr. James Fox
Published 20 June, 1:16 pm BST
In 2020, the Centamin share price stood at over 200p a time. But today, it’s struggling at just 80p.
In April, the Jersey-registered miner said that full-year profits had halved on the back of forecast lower revenue and an impairment on assets in Burkina Faso.
This has resulted in return on capital invested falling from 19% five years ago to 11% now. That’s below the industry average of 15%.
However, its worth noting that 2021 performance was roughly in line with pre-pandemic levels.
https://www.fool.co.uk/2022/06/20/at-just-80p-is-now-the-time-to-buy-centamin-shares/
I also look for razors summary early doors , he was a bit late today thought he had a day off , anyway increase my holding last week lets hope for the rise soon
The Saab 99 Turbo and 900 Turbo were Swedish Crystal Balls: they more accurately foretold the future of automotive powertrains better than perhaps any other car until Tesla's EVs.
https://www.youtube.com/watch?v=BY-xA2w7JHQ
Quite so Steve,
The religion of Elon Musk, his followers or disciples don't really seem to question or care what Elon decides is the thing to invest in!
Wouldn't it be fab if he'd declare buying CEY... if asked, he'd most likely have no idea who CEY are though... I recall silver getting a superfast bounce and with it fres and hochs fairly recently when REDDIT decided to hit the silver short... but it came down just as fast to parity...
It does not reflect in the share price today
While equity markets were switched off over the weekend, it was carnage for cryptocurrencies.
A massive sell-off hit the sector on Saturday and sent the price of bitcoin below the $18K mark, the lowest level since the end of 2020, while ethereum fell below $900, its weakest in almost a year and a half, and other smaller cryptocurrencies followed their larger peers in beating a hasty retreat.
"All anyone is talking about this morning is the chill winds blowing from the crypto winter," says market analyst Neil Wilson at Markets.com.
https://www.proactiveinvestors.co.uk/companies/news/985220/ftse-100-recessionary-fears-continue-to-stalk-the-market-985220.html