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Agree I picked more up under 220. Will make 1 more buy later then that’s it for me here.
This can turnaround pretty quickly. Higher rates and recent market volatility should bode well for income here. Market just wants to see the numbers. It’s same at Cmcx where I have split my investment across.
Usual caveats
Trek
Amazing the lack of comment on this board since the divi was trimmed by 0.5p.
This silence indicates to me that perhaps now is a decent time to start accumulating again, when the stock was 300p there was every bullish forecast under the sun here, now this silence could be a reverse indicator.
Royc
Divi announced today, a slight cut from the corresponding divi of last year which was 3.5p, this year it is 3p, but still a very comfortable payout thanks very much !
I think it's the 12th the divi announced or maybe a day early?
+700pt swing on Dow today!
“ The Dow Jones Industrial Average cut a nearly 500-point intraday loss Monday as technology names like Microsoft rallied amid falling interest rates.
The blue-chip average rose 238.06 points, or 0.7%, to 34,049.46. The index was down as much as 488 points earlier in the session. The S&P 500 ticked up 0.6% to 4,296.12. The tech-heavy Nasdaq Composite gained 1.3% at 13,004.85.
Concerns about a global economic slowdown amid Covid outbreaks in China sent interest rates lower. The 10-year Treasury yield pulled back to the 2.8% level.
Tech shares rebounded as rates fell, providing support to the major averages. Microsoft rose 2.4%, the second-biggest gainer on the Dow. Google-parent Alphabet also gained nearly 2.9%, and Facebook-parent Meta added about 1.6% ahead of quarterly earnings reports slated for later this week.”
Usual caveats
Trek
Trek
Yes indeed, AJB, despite the SP fall posted some encouraging (I thought) growth in numbers yet the SP went down.
Jim, of course, has the much bigger yield and is also paid for acting as compliance officer for various other businesses, which is pretty recession proof these days and not entirely dependent on platform turnover. Additionally with interest rates going up they can put (other peoples) cash out on deposit for their own advantage which again is money for nothing, potentially.
A nice little uptick again today which is pleasing for all holders.
Hi barchid,
Interesting AJB is the weaker in the sector followed by JIM but JIM is showing as a recovering when compared to peers.
Not sure if this save but if you chart IGG, PLUS, ICAP,JIM, AJB, CMCX over 6 months using the compare facility….
https://www.google.com/finance/quote/AJB:LON?window=6M&comparison=LON%3AJIM%2CLON%3AIGG%2CLON%3ACMCX%2CLON%3APLUS
You can see what I mean.
If it plays out it makes JIM with its quarterly divi and a 6% historic yield excluding the recent special a very compelling buy. Especially when you read the results narrative.
The market just may be correcting this oversold position.
Time will tell
Usual caveats
Trek
Trek
AJ Bell numbers today helped JIM on its current trajectory, let us hope for some more follow through.
Strong day here today. This share recovers quickly even in low vols once it gets some momentum. Looks like 250 very soon.
That’ll will give buyers now a nice cushion as it claws it’s way back up towards 300p resistance
Usual caveats
Trek
And more from CNBC… sorry no link as on the app but you can check google…
“ Citigroup tops earnings estimates on better-than-expected trading revenue
PUBLISHED THU, APR 14 20227:01 AM EDTUPDATED MOMENTS AGO”
IMO This is gonna to 250p next week when investors realise that Q1 vix has been so high!!
I also expect same response at CMCX, still oversold there imo!
I mean there has been a war, volatile metal and soft commodity prices plus markets been all over the place second guessing the Fed’s inflationary response!
Nonetheless victory for the contrarians here imo !
Usual caveats
Trek
From CNBC app today…..
“ Goldman Sachs tops analyst estimates as trading desks crush expectations amid surging volatility
PUBLISHED THU, APR 14 20226:54 AM EDTUPDATED 5 MIN AGO”
Read across to CMCX & JIM imo….
Usual caveats
Trek
Well well, could that be the start of the bounce. Gotta be careful as the spread has gone out but volume is turning in favour of buys. RSI-14 flipped from 38 to 42. Could be the start of a claw back from oversold.
Expecting this to get back to 250p soon before next move up.
Usual caveats
Trek
Jolson Christopher Head Director was selling these T around 600p well before the 4-1 split that’s about 150p post split. Cannot see any big reason for that SP to retrace that far and 6% divi is a good yield to hold
Tighter spread today. The 3k ‘unknown’ at 217.5 is a buy, it’s mine.
This is well oversold now. For sure it may go lower, I will add another lot at 200 if it drops there to improve my average but I expect this to bounce soon on last quarters numbers.
Note back through the RNS’s and there wasn’t a trading update last April 21, but there was in April 20. I would expect us to get a trading update this year and can’t see given the finals that it should be weak.
Called it right at CMCX and backing my intuition here. May sell a few on the way back up for use elsewhere but fully intend to tuck away the core holding here for a long term dependable quarterly dividend. This is a very cash generative business.
I am, however, somewhat surprised the market hasn’t read across from CMCX and PLUS500.
Usual caveats
Trek
CMCX pre trading results out today at top end which is against market consensus. That imo is an early indication of what to expect here.
Tuck some JIM away imo!
Also getting quarterly yield +6% atm.
Usual caveats
Trek
Think I should also top up. A keeper for long term. Fab divis.
I topped up again today at around 216p, when sellers get going the baby tends to be thrown out with the bath water.
Historic yield 6.25% at this price.
Barchid
Don't think Mr Grant contemplates any take over, with he and his family's holding in the company. He gives me the impression he's passionate about his roll, judging by his statements and the pride displayed to his staff. The only thing that could change this situation in my experience that happened, was a death in the family, and members wanted to sell in the circumstances.
One never really knows
Roll
For sure it is the news that screwin' brewin went out at a price 62% or so above last night's close.
Jim really is as cheap as chips, imho.
I use Jim regularly and genuinely find them very efficient & very helpful, so would honestly prefer it if the family didn't sell them...
Far cheaper to buy a platform & then add a few wealth managers to it if an overseas entity wishes to scale up in the UK and last nights market cap was just under £100m so not a lot in the great scheme of things.
Perhaps due to Brewin Dolphin's news. JIM still very under rated. Great divi.
197 coming.?
Maybe the Guvnor of this firm quietly protecting his nest egg? Or a predator looking to scoop up cheap soon. Think may have hit the bottom but much depends on post earnings season and what happens in May Ukraine settled or not. As long as no nukes go off will get a rebound eventually cos this is volAtility resistant stock. Only risk is Stagnation if transactions were to dry up!
Yes I bought 460 this morning displays as a Sell, everytime I trade LSE shows as the opposite my dealing. Maybe it refers to the dealer as a sell?
patxd
I have just topped up too, clearly there is a seller at present depressing the price but tbh a 6% historic yield is a pretty good place to park some cash at present.
Bought 250 this morning shows as a sell on LSE. Cannot rely on data as buys and sells ‘digested’ by brokers even before it reaches here