The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
I agree Mr T,
The city is a land and law unto itself, and has a lot to answer for I am sure. Interesting to hear Trump on the radio this morning, saying he is ordering 1000's of well armed troops onto the streets, to protect America ... battle lines being drawn, sadly.
In the mean time the Congressional Budget Office said that the US economy could be $US15.7 trillion ($23 trillion) smaller over the next decade than it otherwise would have been due to the adverse effects of the coronavirus on economic growth if Congress does not mitigate the damage.
and on the show goes, and where it stops no one knows?
Sad and disturbing news from the US just keeps coming
regards
Peter
Very fair comments Mr Gnome regarding how the Tech companies seem to avoid paying their fair share of tax.
On each occasion the UK presiding governments chancellor increases VAT, insurance premium tax , cuts individuals dividend allowances or gives more cheap money to the banks & the city I have written to them asking isn't it time the City started to pay their fair share like everyone else.
I have pointed out that each day many millions of trades are made using all sots of financial instruments and methods, CFD's , Forex, Comex to name a few, yet all free of stamp duty or transaction taxes of any type, a small levy of say £1.00 on each transaction would raise many millions pounds per day to go towards providing-essential public services for everyone.
Not only that It would be a great PR exercise for the City and the government of the day.
Before the last general election I also wrote the leader of each political party and my own MP with this suggestion.
The other thing to note about tech companies is that two of biggest of them - Google and Facebook - depend heavily on advertising spend. There is an old saying: "when the economy catches a cold, the ad business catches flu." When a company needs to cutback, their ad budget is always the place they cut first. I'd expect some pretty disappointing revenue numbers from those two companies later in the year.
Good NED appointment here this morning. And thanks to Siko, as ever, for his posts.
Dear Prof
What a wonderful idea. Get the people who know what their business is, leading the business?
the gnome
Yes, I think the big thing to watch with tech darlings is their taxation regimes and how they are seriously distancing themselves as to what is socially acceptable and ethical. Almost certainly any self respecting ETHICAL investment fund will AVOID these guys. Business model OK?!, but the accounting and the deviations??? Its another one of those amazing rorts, that somehow works for a while..until investors and regulators wake up!!!!. The while is UP!!! The investor group should vote ethically and head for the door.
If the you thought the mining industry sails close to ethical boundaries, and we can think of the "Natural Resource Curse", it is nothing compared with the tax shifting, asset transfer and all sorts of utter unacceptable rubbish which goes on in the tech space. Of course facilitated by the tax havens set up by the dying Br Empire. My bet is they have had their day, and although they are lovely new darlings, they have to pay their tax in the country. A tax that supports schools, hospitals, and a host of other normal civil functions! As for their claims on influencing buying patterns I am really interested to see the science and facts behind this claim. I suspect the Emperor is not in great shape in the end of the day, and things will not end well.
every happiness to all...
the gnome.
Rather disappointing this morning with both gold and cey.
Patience as always being tested .
Looks cheap here , everyone seems obsessed with tech .
Prof I certainly hope so, Cey are a wonderful company compared to others, partly as they haven’t frittered profits away on value reducing acquisitions and exploration, but returned them to us imho. Should be a good day today for us after last week’s breather.
Gold just got within $1.60 of a 7 year high. Hopefully $1800 soon and then the all time $1900. Psychologically the dollar price is v important for golds future trajectory.
In sterling, that matters to us, gold has made it back up through £1400 but is still a couple of per cent below its recent high
Thanks Razor. Looks like a big hitter. Interesting that CEY are strenghtening with mining experience rather than financial. To me this suggests they are more focused on organic rather than acquisitive growth.
Happy Monday all,
Prof