We would love to hear your thoughts about our site and services, please take our survey 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.
Not for me to advise them what to do, but they may well be wise to do a complete about turn now.
Many sold gold off as it was high and they made a lot in the rise last summer, then piled into equities.
Go the Scots
And then the Irish!
Life is what you make of it. Boris seems to be another face of BS
Go gold
They really care not a jot about inflation risks because for many it's just about trading up and down and for many a long term hold is probably a day.
So what is the future for the UK, far from certain, ordinary people have no job security anymore, most supposedly full time staff are on employment contracts that at one time would have been regarded only barely fair or suitable for those on as temporary or casual work.
So many at one time solid companies are now just a brand owned by others with who capitalise on the reputation of the original brand by fooling the consumer into thinking they are buying far better quality or service than they receive, al part of the big racket .
Still who cares, it's not about the quality of the product or the service offered by the company its all about flashy website that all too often promice far more to what they actually deliver and getting the customers to do all the work themselves on app's whilst cutting staff to the bare minimum in order to increase the bottom line for as long as it lasts.
True there are some decent companies about that do deliver on what they promise, but unfortunately finding them involves a bit more effort than using the likes of Amazon or Boo Hoo.
Spot gold slightly up now...Imo its a crucial test this, gold needs to prove it is the inflation hedge to take..once it does, more money will pile in. The selloff driven by people meeding liquidity last year dented peoples confidence I think
Yep- I traded good old RRS :-).
Going liquid into the currency that is going to get devalued by inflation. I genuinly think market participants don't really understand inflation risks properly yet
Cypto too got battered last night then came back a bit- so not a lot escaped- happens when pretty much all markets are high (UK held down over recent years by BREXIT uncertainty).
There is so much uncertainty in the market at the moment.
The new reallity / World.
So more going liquid perhaps.
I remember back in the days when Randgold would have been the sole riser on the ftse board on a day like today, what is it with gold these days...seems to offer no haven these days
All indices following US tech sell-off last night. Hope for a blip- we are a stock.
drummers arms are getting sore
Shares on major European stock markets sank during premarket trading on Tuesday following a tech selloff on Wall Street in the previous session. Inflation fears led investors to dump growth stocks while awaiting this week's US consumer price data.
Meanwhile, the World Health Organization described the coronavirus variant that has led to a hospital crisis in India as a "global concern."
The DAX fell 1.09% at 8:00 am CET, while the CAC 40 dipped 0.51%. At the same time, the FTSE 100 dropped 1.10%.
Breaking the News / JC
Whether a NED invests or not, is up to the NED
Whether a NED of company X wants to become a A Participant and SUPPORTIVE NED, is up to the prospective NED. A lot of NEDS look at their personal cash flow....A lot of the NEDS go to sleep at the wheel, which is in fact why they were chosen in the first place.
More than ever, it seems.. NED's are appointed on basis of gender balance, social diversity or a host of other things. Not a lot to do with the business....
Just a general comment in passing
(*not including unvested awards)
Chairman Michael E. Beckett Nil
CEO Sébastien de Montessus 963,843
James Askew Nil
Alison Baker Nil
Sofia Bianchi 6,541
Livia Mahler Nil
David Mimran 15,578,307
Naguib Sawiris Nil
Tertius Zongo Nil
(NB obviously Sawiris has an ownership interest thru La Mancha)
Mr Mimran was the largest shareholder of Teranga before Endeavour bought Teranga last year now he owns just over 6 percent of Endeavour & he has stock options carried over from Teranga
Looks like they are giving up with the human driven exploration, and into new fields
"1) Exploration Data Scientist
- Run machine learning simulation models for exploration projects.
- Get Involved to generate and update geological interpretations and models based on machine learning insights"
should be interesting
I am always amazed how many boards one can sit on in the UK. Oz is similar. Even as a NED. There is the concept of fiduciary duty, ..."The three fiduciary responsibilities of all board directors are the duty of care, the duty of loyalty and the duty of obedience, as mandated by state and common law. It's vitally important that all board directors understand how their duties fall into each category of fiduciary duties."
It does imply a limited talent pool?
I do wish the world would hurry up and get rid of the US$ as the world reserve currency. Its happening, but far too slowly. Usual conflict of interest stuff...sigh
the gnome
What a toxic pit.
see here --> https://buchanan.uk.com/who-we-are/our-advisory-board/
I think this constitutes a conflict of interest ( FYI she also used to be a Centamin director)
---------------------------------------->>>
Alison Baker appointed March 2020 a non-executive director at Endeavour Mining Corporation
https://www.endeavourmining.com/about-us/leadership
RBC gave a reasoned assessment.
Interestingly the calculation base is NAV and EV/EBITDA .
No specific mention of the strong income stream.
But probably included in EV/EBITDA
(
Are you thinking of a job change and tan ,Don. ;-)
1) Exploration Data Scientist
- Run machine learning simulation models for exploration projects.
- Get Involved to generate and update geological interpretations and models based on machine learning insights
- Import all assay and survey data in the central database and ensure that it’s updated all the time.
2) IT Help Desk
- Surveillance system installation and maintenance. (pretty damn important nowadays!)
3) Assistant Banking & Treasury Accountant
-Tracking bank transactions.
- Record all the visa Payments on the system.
https://wuzzuf.net/jobs/careers/Centamin-Egypt-Egypt-18702
Hmm, these opportunities sound quite interesting... and I hear the weather is always sunny along the Red Sea coast...
AGM tomorrow.
Anyone going?
Why US employment matters to global markets?
If the world’s most important economy gets weaker, it tends to have a knock-on effect across the rest of the world (note that something similar goes these days for China, which didn’t used to be the case).
So US employment doesn’t just matter for American jobseekers, it matters for global markets. And so you tend to get a big reaction if the data is better or worse than expected.
Now, for a while during the pandemic, people stopped paying as much attention to the reading. In the early days, they knew it would be awful, and in the recovery phase, they knew it would be chaotic.
But we’re through that now, it seems. Investors now view a rapid US recovery as baked in. They now want to see confirmatory evidence of that in every economic data point, and when they don’t, they get a bit of a jolt. That’s what happened on Friday.
Economists had expected employers to hire almost a million people last month. As it turns out, payrolls only grew by 266,000 jobs. Meanwhile the unemployment rate rose to 6.1% from 6%.
Don’t get me wrong – adding a quarter of a million jobs would historically be a very good reading for the US economy. But historically, the US economy has rarely been recovering from a global flu outbreak.
So that’s a big disappointment, however you read it. Naturally, the stockmarket rose sharply to record highs.
Why? Well a duff reading like this means that there’s no chance the Federal Reserve, America’s central bank, is going to pack in the money printing any time soon. So investors lost some of their fears that the central bank might start to raise interest rates – or even talk about raising rates – in the near future, a spectre that Janet Yellen had raised just a few days ago.
One obvious result of lower interest rates for longer was that the Nasdaq – full of tech stocks that prefer low long-term interest rates – jumped after a tough week. But so did gold, which also benefits from the idea that interest rates will stay down (or more specifically, that “real” interest rates will fall).
Competing with stimmie and “stonks”
However, there’s a bit more to it than just “money printing forever, yee haw, etc”.
The bull case for the stockmarket is predicated on a vigorous recovery. Yes, that’s a vigorous recovery accompanied by record-low interest rates and preferably as much money printing as possible.
But if the economy loses steam, that’s not good news for stocks!
John Stepek
Executive editor, MoneyWeek
Hi.
Can anyone recommend a stock screener website?
I am looking at marketscreener.com as it seems easy to navigate. Any others?