The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Cey will take off if q4 delivers and lower end is met for the year- this is a big ask but Horgan seems convinced this will be case.
The presentation said it all- so will take off if this is comes to fruition
….So not GOOD for our dotage but great for grandkids. Hence gold
…sorry last line typo:
Viz 100 yr cycles as I think Machiavelli said
Hard time create strong men
Strong men create good times
Good times create weak men
Weak men create hard times
We have unfortunately been at the last. Put another way this generation has forgotten the 1930’s and 40’s that everyone did everything to avoid for next 70 years till forgot. So not only for our dotage but great for grandkids. Hence gold
Long 100 year cycles Mr Gnome, your grandchildren should have a fab time as have we. On another note I posted here this summer, when Hochschild got its Inmaculada extension, that its share price was way under Cey but should quickly return to its historic norm, around 40% above Cey, particularly with quieter Peru politics too. I posted further, a couple of weeks ago, when they were level pegging around 80 that Hoc should soon rip ahead and get over 100p, it did yesterday and if it doesn’t overshoot should end up near doubled in a few months to 120, wish I’d had the cash to buy more, but at least when I raised cash a few weeks ago to buy the Fisker Ocean EV, to cheer us up in this despond, I sold Cey THS and Japan and hung on to all the Hoc and more I had bought in summer. Now I am just hoping that hanging onto Cey and particularly THS will result in the same. Cey seems fairly values till when (if) as promised profits pick up again, but THS is valued on its PGM when actually most profit comes from chromium now, that is going great guns, just as Hoc had been valued on silver when actually it is now mainly gold. Also unlike Cey and Hoc, THS has great management so that is the one I hope will double again one day, as Hoc has nearly done, but not tomorrow. Cey not for a year or two unless gold takes off
Thanks Tony
I do feel terribly sorry for the next generation who has to put up with this legacy BS. Its a pathetic effort all round, with neither side showing any abilitiy to learn from the past 2,000 years, not to mention interfering forces interested in feathering their own nest.
The US looks after the financial system it largely created, which oddly perhaps favours themselves !?
All I can say is thank goodness none of my 6 children have ever bought a newspaper, are completely uninterested in the endless anxiety machinery, and are disinterested in peoples who resort to violence as a means to an end, and we won't mention "democratically" electing "well meaning?" psychopaths...
I am off for a friendly howl at the moon, and a splash in the sea ...
Must work on my sense of humour more often ... the alternative does not seem to be that good ...
best
the gnome
Equities in Europe traded higher in the premarket on Thursday after the ING Group and the Lufthansa Group revealed annual jumps in their third-quarter revenues. Later in the day, the Eurozone and Germany will post their latest results in manufacturing. The latter country will also unveil its current unemployment rate.
The DAX went up by 0.61% at 8:02 am CET. At the same time, the FTSE 100 gained 0.26%. The CAC 40 rose by 0.65%. The Eurostoxx 50 expanded by 0.68%.
The euro grew by 0.28% against the dollar at 8:03 am CET to sell for $1.05986. At that minute, the pound sterling increased by 0.19% against the United States currency to change hands for $1.21747.
Baha Breaking News (BBN) / JR
Take your pick Tony ,there are many,
I thought it interesting beforehand that Bloomberg fielded two analysts one suggesting USA was back in a 1967 scenario and another implying it was early 1990's and trying to make out comparisons. The elephants in the room in both cases ignored was USA current fiscal debt soaring and a lack of revenue to be delivered by growth. The demographics base has also changed dramatically and a lot of technology advances that gave superb productivity growth in those times are now absent. I agree with what zero hedge published tonight that this is far closer to what arose in 1970's. The quality of USA leadership with Ford who was questioned if he could walk and chew gum at the same time reminds of us Biden. Nixon and Trump both like creative accounting.
As for tonight's FED move all was as expected. Basel III was kicked into the long grass of 2024 and everything with regional Banks is apparently just dandy. It looks like joe public USA is getting blamed for all the spending instead of the runaway fiscal activities of the Biden administration. No mention of debt going up $650B in a month as it is ordinary people now spending wage increases keeping the economy hot. Of course the magical job numbers creation programme is all believed, however a crafty caveat was included that also covered any data on GDP. The caveat was that data can be substantially altered in several years time after deeper analysis. This of course sums up the wizardry of market manipulations and eventually accountability revealed when some of the architects might well be all dead and along with many investors who were caught on the wrong side of the FED and major bankers game plans.
I suspect the seeds of a gold miner and gold rally may well now be in play by the end of this month. The unknown of course is whether Iran flies a drone into a tanker somewhere inconvenient to its neighbours and we can barely afford to put petrol in the car (for those of us who have not bought an EV yet). I suppose in that scenario things would lift up gold as well but I of course hope it does not happen. All the best to my readers out there and remember to keep a sense of humour I recall there was plenty of about in the 1970's and they needed plenty of it back then.
Tony
Mr Bond all depends on the wine list and quality of food on offer.
Doaa A.Moneim , Wednesday 1 Nov 2023
"Other factors include the surge in Egypt's one-year Credit Default Swap (CDS) to 2,013 bps from 1,230 in mid-September, widening the gap between the parallel and official FX rates to as much as 50 percent and 30 percent between the Real Exchange Rate (RER) and Real Effective Exchange Rate (REER) models.
https://english.ahram.org.eg/News/511406.aspx
Tongue in cheek , :-)
So where would you choose for a vacation,Sharm el Sheik 5 star all inclusive 100 euros per night or Israel.
But if you do go to either ,remember to say nothing about politics of the region. ;-)
November 1, 2023 12:00AM EDT
The Egyptian authorities have arbitrarily detained and prosecuted dozens of peaceful protesters in demonstrations since the beginning of October 2023, Human Rights Watch said today. The authorities should remove overwhelming restrictions on the right to peaceful assembly, release all those detained solely for joining or calling for peaceful protests, and drop charges against them.
She said that when the protesters arrived at Tahrir Square, security forces and men in civilian clothes pushed them out of the square, chased protesters through the surrounding streets, and randomly arrested people.
Security agencies also arrested several activists they believed were connected to the protests at their homes.
the Supreme State Security Prosecution (SSSP), which ordered all of them to be kept in pretrial detention. They faced charges of “joining a terrorist group,” participating in “illegal assembly,” “committing a terror act,” and vandalism.
authorities presented no evidence of a criminal offense in any of the cases. Human Rights Watch found no allegation of violence in government-affiliated or independent media reports.
Throughout October, security forces have violently dispersed and detained protesters at other separate anti-government peaceful gatherings.
Human Rights Watch has documented that the Egyptian military has unlawfully evicted tens of thousands of North Sinai residents since 2013 under the pretext of battling an Islamic State-affiliated armed group.
On October 15, security forces detained at least 10 men and 3 women after dispersing hundreds of teachers who gathered in front of the Education Ministry in the new administrative capital east of Cairo to protest the mass disqualification of thousands of teachers who applied for public school jobs, according to social media videos and media reports. The reports said that security forces beat protesters, used water cannons to disperse them, and forced female teachers into buses to remove them from the protest.
https://www.hrw.org/news/2023/11/01/egypt-dozens-peaceful-protesters-detained
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Truth be told Sisi cares nothing for either - dictators treasure 1 thing & 1 thing only - power
Looking on the bright side at least with Centamin nearer the bottom it doesn't have so far to fall !
Hi Dasut,
I agree no magic wand could fix Sukari, but that aside if a few would be suitors expressed interest in buying out Centamin it may at least be a catalyst to invigorate the share price or at the very least encourage others to look at the true potential and value of Centamin.
Yes Steve, I tend to agree.
They have to keep their balancing act toghether to prevent more fragile banks from going over the edge.
Bidens re-election now on the horizon, which is already on a downbank path.
My view is FED will keep rate the same, with the same message "will do what is necessary" and hike again if needed- which will be unlikely. Will the markets interpret as hawkish or dovish? Place your bets...
More emphasis on short end rather than long end. Q1 2024 is end of peak issuance. This takes a lot of pressure off the equity markets as we run towards Christmas.
Hi Paul,
i honestly don't know. what I do know is though that it seems that those running mining companies , indeed most plc's always seem to do very well even in the bad times and do even better in the good times, despite being paid very handsomely they get awarded bonuses when tomes are bad and even more when tomes are good and all for just for what they are paid to do anyway.
Of course its not just industry now our chancellor Jeremy Hint who has frozen the income tax threshold for most ordinary people for the next six years wants to lift the cap off bankers bonuses, the very ones who who are usually responsibly for most of the financial crises and whom the ordinary people have to bail out time and time again!
Tibbs
Share prices lower today,though CEY holding up better than many.
FED utters at 2pm EST so early evening we should Know.
Hence traders will be on edge ,poor things ,all day.
Yes Mr T--they do seem a very long time ago. We have been bent over and shafted by the last lot. It shows that even people "In the know" didn't know that much. As with most people "in the know" and people predicting, they are right until they are wrong. I think of all the people and all the stuff that has been said on here , even the last few years ------and how often it has been wrong.
Maybe Dasut will step in with something a bit more positive after he reads the next bit?
Gold is hard to find.
Centamin found gold at Sukari and managed to mine it.
Sukari is still the 3Km bit, not the full 160km bit.
Law 32 is either forgotten about or just wont matter.
Therefore there should be the full 160km to go at when they want to.
I am assuming that there will be similar amounts of gold in the full area as the current Sukari area?
So should we be positive about that?
Hi Paul, fair comments , those times seem so long ago now and show how wrong one can be at times, especially when it comes to knowing who really has integrity.
Dasut also has a point about whoever took over Centamin as Sukari was in a bad state, but then Endeavour also has its problems!
The presentation was OK and they did try and tackle most of the questions (there were a lot!), although possibly blaming the market for the lack of share price performance is an easy ‘out’ and the value catalysts looking forward seem OK ,but not massively value changing, unless there are things yet to be disclosed.
Martin and Ross are well paid execs – look at the annual report and you will see what they earn, so they should buy when they can, but that said that they are so often ‘inside’ so it may be difficult for them to do that., or maybe what they see from the inside makes them want to keep their compensation in cash…who knows?!
It's nice to have a positive few on here Dasut.
Obviously we only know what we are being told, but it was the same with the last lot. Remember people were talking of "golden flip flops" , saying "Josef (joseph?) is an honourable man, "Good times are coming. Good times are coming", "Turning out cash like a demented cash machine" and saying they would not consider selling their shares for " less than £5"
So among all the gloom now, it is nice to have your view on things.
I would still like to see regular director buys though.
Major indexes in Europe traded with gains in the premarket trade on Wednesday as investors analyzed yesterday's reports on Eurozone inflation and GDP. In addition, market participants are anticipating fresh data on UK housing prices and manufacturing PMI that will be published today.
The DAX gained 0.38% at 7:24 am CET. The Euro Stoxx 50 increased by 0.35%. The CAC 40 was up 0.36%. The FTSE 100 gained 0.25% at the same time.
The euro was down 0.05% against the dollar at 7:28 am CET, selling for 1.05704. The pound lost 0.12% against the greenback and went for 1.21393 a minute later.
Baha Breaking News (BBN) / DD
Happy hump y’al