Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video 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.
Or should that be because of.....!!! I've been lumbered in frustrating shares from time to time but REA really takes the biscuit! As we know the share price is representative of nothing its purely a number conjoured up by the barrow boys to keep their books level.
I have said enough on this subject to fill a book. The management are obviously not much bothered so why should we?
Covid-19
04:00
UK 4,223,232 (124,566)*
Indonesia 1,386,556 (37,547)•
* 4712 cases
* 65 deaths
• 6894 cases
• 281 deaths
CPO prices reaching $ 1100 the REA price just continues to weaken As of this morning broker not even prepared buy at 56. With positive news likely from DKL on Wednesday and MPE at the end of the month we will see whether prices here buck the trend and carry on heading south.
Mpe announce F/Y results on 23/3 so we will get an indication as to how REA might have performed last year given the better H2 Cpo prices averaging c. ($812).
Mpe announced their 2019 results on the 31/3 shares opened at 456 and closed at 506 on the session. On the week ended at 530 a 60 gain. If past history is anything to go by.....
Mostly red in Asia, exceptions being KL, Singapore (+2%) & Aus.
Nos:- Oil $70•67. Vix 25.
Gold $1703. Copper $4•029.
Palm $1099. Silver $25•600.
$1•382. €1•612. IDR 14,358.
MSCI(W) 2729. FF+61. DF+21.
Morning all.
Covid-19
06:00
UK 4,218,520 (124,501)*
Indonesia 1,379,662 (37,266)•
* 5177 cases
* 82 death's
• 5826 cases
• 112 deaths
Recently I posted the Ftse All Ranking list of UK companies. Below is the top 5 US companies by mrkt cap as at 1/3/2021.
1. Apple $2145bn
2. Msoft $1787bn
3. Amaz $1584bn
4 Goog $1399bn
5 F/bk $680bn
500 Flowserve $4•97bn
Our top ranked company RDS(A+B) would be ranked no 47 on the US list along side McDonald's.
Flowserve the lowest ranked on the SP 500 would rank no 122 on the Ftse All list along side Travis Perkins.
Covid-19
04:00
UK 4,213,343 (124,419)*
Indonesia 1,373,836 (37,154)•
* 6039 cases
* 158 deaths
• 5767 cases
• 128 deaths
Rea 58 (123)
Cpo $670 ($1074)
Cif(R) $1105e
Oil $45
Gold $1674
Ftse 6463
All 3601
DJ 25,865
SP 2972
NS 8576
$ 1•305
€ 1•156
IDR 14230
Anglo 518
Dkl 2•40
Mpe 664
Next week global stocks slumped on virus and economy fears taking hold.
DJ +572 (31496)
SP +73 (3842)
NS +205 (12669)
R2 +30 (1302)
WTI $66•28
10ytb 1•568%
Nos:- Oil $69•69. Vix 25.
Gold $1698. Copper $4•100.
Palm $1074. Silver 25•295.
$1•384. €1•161. IDR 14,300
MSCI(W) 2729.
Covid-19
05:00
UK 4 207,304 (124,261)*
Indonesia 1,368,069 (37,026)•
* 5946 cases
* 236 deaths
• 6971 cases
• 128 deaths
No change on the wk for holders of REA (58) with trade volume of only 94,188, sells outpacing buys by c.5:1. Cpo continued its merry advance gaining $15 closing at $1059, Cif(R) $1105e and runs 10% & 8% up ytd. KLPI slipped 14 and trades c.2% down ytd as does the Bursa Malaysia KLCI .
On wk:-
Anglo 600 u/c
Dkl 4•80 +•10
Mpe 585 -12
Rea Prefs -1
On ytd
Anglo +20
Dkl +•50
Mpe -75
Rea +1
Rea Prefs +0•61%
Cpko +$360 (+34%)
Evening all.
I keep an eye on several crude oil stocks and one in particular which I will compare to REA in sp terms. Taking the cpo low of $646 and crude of $41 in June, here's how the two have compared since then.
Crude $41-$68 up 66% (sp up 40%).
Cpo $646-$1052 up 63% (sp u/c).
At least some companies share prices react to increasing revenues when their core product sells for more money, i mean that's the deal, right? Several other crude oilers performed in line with Genel. They say we track crude prices and that seems to be the case but that's about all we track.
Regrettably i invested in the wrong 'oil.' Still time to redress the balance i suppose?
1 RDS(A+B) (112•5bn)
2 Unilever (100•1bn)
3 AZN (90•2bn)
4 HSBC (86•3bn)
5 Rio Tinto (80•2bn)
469= Mpe (323m)
519 Anglo (238m)
Exit level = 42•3m
657= CPP Group 42•3m
For REA to enter the list the sp would have to be 96p.
Coal +1%
Copper +14%
Cif(R) +39%
Gold -11%
Nickel -3%
Oil +30%
Platinum +5%
Silver -5%
Soybeans +8%
Tin +17%
Covid-19
04:00
UK 4,201,358 (124,025)*
Indonesia 1,361,098 (36,897)•
* 12,958 cases
* 729 deaths
• 14,072 cases
• 469 deaths
Post should read TWTDTW not virus update.
Rea 122 (58)
Cpo $682 ($1050)
Cif(R) $1105e
Cpko $691 ($1430)
Oil $51
Gold $1664
Vix 37
Ftse 6706 (-110)
All 3731(-64)
DJ 26121 (-970)
SP 3024 (-106)
NS 9739 (-279)
$1•294
€1•156
IDR 14,225
Anglo 514
Dkl 2•40
Mpe 674
Mrkts wobble on covid-19 spreading in Italy and lockdowns in Milan. Cheltenham Festival cancelled
& the Dow tumbled 4% the ftse 2% on Thursday 5th, March.
On Sunday Swiss voters will decide on a free trade agreement with Indonesia to lower tariffs on palm oil imports. Switzerland signed a pact with Indonesia in 2018 together with other EFTA members Norway, Iceland & Liechtenstein.
Tariffs are set to be reduced by 20%-40% on up to 12,500 tons annually as long as they are RSPO. A poll carried out recently found that 52% of voters would back the deal despite vociferous objections from the 'hate palm oil' lobby.
Rea 122 (57)
Cpo $680 ($1044)
Cif(R) $1070/$1117e
Oil $58
Gold $1643
Ftse 6816
All 3795
DJ 27,091
SP 3130
NS 9017
$1•286
€1•154
IDR 14,095
Anglo 540
Dkl 2•45
Mpe 680
Ftse +62 (6675)
All +10 (3772)
250 +258 (21,436)
S/C +13 (6591)
Aim -2 (1190)
DJ -121 (31270)
SP -51 (3820)
NS -377 (12,683)
R2 +3 (1297)
WTI $61•49
10ytb 1•482%
Nos:- Oil $64•29. Vix 27.
Gold $1708. Copper $4•125
Palm $1044. Silver $26•130.
$1•394. €1•157. IDR 14,297.
MSCI(W) 2742. FF -50. DF -121
Morning all.
Rea 111 (58)
Cpo $659 ($1042)
Cif(R) $1117e
Oil $52
Gold $1648
Ftse 6718
All 3749
DJ 25917 (-780)
SP 3003 (-87)
NS 8684 (-268)
$1•281
€1•148
IDR 14092
Anglo 502
Dkl 2•45
Mpe 692
Covid-19
04:30
UK 4,188,400 (123,296)*
Indonesia 1,347,026 (36,518)•
* 6391 cases
* 343 deaths
• 5712 cases
• 193 deaths
DJ -143 (31,392)
SP -32 (3870)
NS -223 (13,060)
R2 -23 (1295)
WTI $59•88
10ytb 1•403%
Nos:- Oil $62•94. Vix 24.
Gold $1733. Copper $4•184
Palm $1044. Silver $26•780
$1•396. €1•155. IDR 14,308
MSCI(W) 2784. FF+28. DF+96.
Morning all.
Asia at JST 1:00pm.
TK +75
HK +492
SH +47
SHZ +21
SK +21
TAIX +151
BM +8
STI +16
JSX +12
ASX +16
US close:-
DJ +603 (31,536)
SP +91 (3902)
NS +374 (13,293)
R2 +39 (1318)
WTI $60•06
10ytb 1•422%
Nos:- Oil $63•10. Vix 23.
Gold $1716. Copper $4•088
Palm $1046. Silver $26•215.
$1•389. €1•155. IDR 14,308.
MSCI(W) 2784. FF -12. DF -71.
Morning all.