Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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So called major gold support gone will God knows how many paper gold contracts. This is before Chinese New Year.
Tony I am afraid you are right.
And will continue till end of year,when time runs out for them.
Then hopefully they will feel the pinch.
Dont forget all equities are feeling this ,thanks to FED and Bankster mafias.
MrBond and other readers,
For those of us in the investor position, is the best thing to do nothing and just come back in 12 months time and let whatever course flows happens? Tony
The Most Shorted Stocks on the FTSE
January’s spike in market volatility came after a fairly benign 2021 for stocks, reminding investors that what goes up sometimes also comes down. Whether this is a long-expected collapse or just a wobble is hard to tell at this juncture. What a market correction does do is offer opportunities for short sellers, who bet on the prices of share prices falling.
There have been plenty of heavy one-day falls in recent trading sessions, especially in the US, where Peloton (PTON) and Netflix (NFLX) have plunged on negative newsflow. In UK we’ve seen some strong price moves in individual stocks, not least at The Hut Group (THG), whose shares are down 40% so far this year after a precitipous decline in 2021.
Handily, the Financial Conduct Authority (FCA) produces a daily list of the most shorted stocks. This dynamic list gives an insight into what professional investors think about particular sectors, and sometimes gives an early warning sign of a company in trouble. That could be helpful to retail investors if they’re looking to sell out of an underperforming stock.
The list shows changes in sentiment towards certain sectors: oil shares were heavily shorted in 2020, for instance, but the latest rebound means they have dropped out of the main list.
What's on the daily FCA register of short positions is always of interest to investors, large and small
https://www.morningstar.co.uk/uk/news/218418/the-most-shorted-stocks-on-the-ftse.aspx
This morning, IG announced a record first-half performance. Net trading revenue increased 16% to £471.9m over the six months to the end of November. Pre-tax profit also rose 8% to £245.2m. That’s pretty impressive stuff considering that markets were fairly stable over the period (IG makes money when traders try to capitalise on volatility).
Today, the FTSE 250 member elected to keep its interim payout steady at 12.96p per share. Assuming the full-year cash return stays at 43.2p, that means IG yields 4.9% — eight times what the best Cash ISA will give.
At yesterday’s close, IG shares traded at just 11 times earnings. While the threat of further industry regulation may go some way to explaining this valuation (and dividends are never guaranteed), I’d have no issue buying more.
Another option
Of course, IG isn’t the only cheap dividend stock out there. Shares in Polar Capital Holdings (LSE: POLR) also grab THE attention.
The fund manager’s price has tumbled 19% in 2022 to date as investors have become increasingly skittish. As far as I can see, it’s nothing to do with Polar itself.
https://uk.sports.yahoo.com/news/forget-cash-isa-d-buy-125328961.html
I did think 1800 would hold a little longer!
Wonder where CEY Will bottom. Kicking myself for the 91p top up
If the share price remains at this level it will be wise to transfer up to the £20,000 use all this years allowance and 2022's or x2 if the spouse has opened an ISA, the the lovely divi will be tax free , just like all the Tory Toff's enjoy!
Might be opportune time for the management to sell all the West African assets it intends to and use some or all of proceeds for a share buy back at this level?
Or use the WA sale proceeds to cover some of the Sukari waste clearance costs and for Egyptian exploration and mine development costs ?
Winging don't kick yourself. A lot of us have done far worse and that is a promise.
The reason I sold out here on the last rally to 1850 was the belief that the Fed would respond and have this effect. I bought into a goldie with an AISC of 680 and production of 85k oz , which to me somewhat cushioned any fall in gold price
Wingingit
Don't beat yourself up ,this is the usual reaction from the market taking the chance to churn the shares and stamp down the POG when Powell talks about the the POSSIBILITY of 4 or 5 interest rate increases of a piddling 0.25% a time, he has'nt actually raised them yet, and even if he does people have still got to be able to repay the interest rates,and they can't cope now!
Will raising interest rates this time curb inflation, might do, might not, the situation is somewhat different considering all the other factors in play this time prices may just keep rising and raising rates further could bring about another market crash and what does the FED ans all the other central banks do then, bail out buggers that have caused the crash and make the ordinary people pay the bill by printing more money, Oh and cut interest rates!
The worlds monetary system is buggered, the ultra rich have moved their wealth to tax havens, Amazon, Apple, Microsoft, Mc Donalds ,Star Bucks and most of the other multi nationals aided by our worlds crooked political elites exploit the broken and unfit for purpose system to the full and the ordinary people pay the price!
Because of the previous Sukari managements, corner cutting and flawed mining practice the share price has been decimated to the pain of many long term holders, but that said just like them in the past you have been able to buy in at bucket shop price!
It is annoying to long term share holders to say the least when it becomes apparent that the previous management are guilty of creating a dangerous almost unworkable mess at Sukari, rather than than than world class mine they promised and that many millions of dollars have been squandered on drilling holes in Batie West, but infuriating as it is ,that is the past!
Now under the new professionally competent and focused management Sukari will become the promised world class mine, able to operate safely and deliver estimated guidance on a sustainable basis and if all goes as planned the flagship mine of a number of other Centamin operated and profitable gold mines.
It's easy to became depressed at times like this, but there is the likely hood of some very positive developments as we progress through 2022!
Tibbs
Which goldie is that Chique?
Central Banking
Powell presser
If you thought the press conference of Jay Powell would provide some clarity for the markets... guess again. Stocks initially rallied Wednesday, but ended the day lower, and futures sold off heavily overnight, only to pare much of their losses. Meanwhile, the yield curve shrank to the flattest since 2020 following the FOMC meeting, with two-year Treasuries extending declines today even as 10-year notes rebounded.
Quote: "This is going to be a year in which we move steadily away from the very highly accommodative monetary policy that we put in place to deal with the economic effects of the pandemic," Powell declared. "I would say that the committee is of a mind to raise the federal funds rate at the March meeting, assuming conditions are appropriate for doing so. I don't think it's possible to say exactly how this is going to go, and we're going to need to be, as I've mentioned, nimble about this so that we can respond to the full range of plausible outcomes."
The hawkish pivot, coupled with uncertainty, comes as red-hot inflation plagues the economy with an annual rate of 7% seen in December. The central bank also approved one final round of asset purchases, bringing an end to its pandemic-era bond-buying in March. There will be additional discussions about reducing the Fed's nearly $9T balance sheet, which will be "led by the incoming data and evolving outlook."
What's in the cards? Following the press conference, futures betting markets showed an 86% chance of a 25 basis point hike for the March FOMC meeting, while 14% predicted a 50 bps increase (a half-point hike hasn't occurred since May 2000). "Powell said that the Fed's focus has always been on the underlying economy, and a byproduct of that has been inflated asset prices," noted Max Gokhman, chief investment officer at AlphaTrAI. "But now that inflation is here and real while labor markets have slack, it's time to focus on fighting that fire, and if that burns euphoric bulls then so be it."
mrtibbles - gold mining company :-)
Nothing has changed, same old same old, the main thing is that cey have turned a corner and are on the way to increased ounces my friends.
You mention a goldie with an AISC of 680 and production of 85k oz , which to me somewhat cushioned any fall in gold price?
sorry misread your first question Mr Tibbles
It's THX.L a new mining company and quite off the radar considering y/e 22 income projection , they have annual forecast of 85k oz with life of mine AISC of 680 dollars in Segilola , Nigeria
They are drilling also to extend life of mine , and have other exploration and have there own laboratory for testing.
They are also exploring in Senegal .
The comedian John Cleese is selling a digital sketch that comes with a nonfungible token, or NFT, to authenticate its authorship via blockchain technology. It’s a joke, sort of.
Evoking a classic con, the sale of the Brooklyn Bridge, the Monty Python actor is auctioning an image of the bridge by “The Unnamed Artist John Cleese,” with bidding running through April Fools’ Day. “I don’t make the jokes,” Mr. Cleese told the DealBook newsletter. “I just point them out.”
The project highlights the hyper-commodification of art in a frenzied market. Christie’s recently held its first NFT auction, selling the work of an artist known as Beeple for $69,346,250. That’s how much Mr. Cleese is asking for the sketch (plus 50 cents) if a bidder wants to “buy it now.” He’ll split the proceeds evenly with his partners: a comedy writer, an animator and a law professor doubling as crypto consultant.
Bit like selling fiat? No asset backing, other than trust
good luck punters
the gnome
Hi Gnome,
Is Pardey or any of the Elraghy family on the BOD?
Bidding started at $100 and has now made its way up to nearly $36,000. Cleese won’t let his masterpiece go for that cheap, though. Cleese said he wants $69.3 million for the piece, suggesting the illustration won’t sell unless someone bids at least that much.
https://www.theverge.com/2021/3/22/22344556/john-cleese-monty-python-nft-brooklyn-bridge
Tibbs
Hi Chique,
Thank you, I have asked an analyst friend of mine what knows about this project
From the presentation bullet point below it seems quite tempting considering the difficulties they had to contend with last year, although I am no expert!
Key points
Thor explorations AISC $ 900 100,000 ozs @Head Grade 3.5 4.00gms per ton
Tibbs
https://www.lse.co.uk/SharePrice.asp?shareprice=THX&share=Thor-Explor
900 Just for this year , 680- life of mine AISC