Member Info for bobliz35

Hi Mr Bond

The ticker at top of this forum is indeed shaky and seems to be stuck at about 3.00pm.
My feed on my investment portal direct feed from the sets LSE. Is this what you are referring to.
Isolated Bob

Of course Ask side of the book

Isolated Bob

Spread now moderated to 110.20 to 110.80
Would suggest a large buy took out the Ask side of the book
Isolated Bob

Nice call Tornado, my portal showing 115.5 bid and 104.5 ask. Never seen this wide a spread Did you get in on a limit order. Any stop loss set
Thanks for sharing

Isolated Bob

Bob Beckman, famous investment adviser when asked to what did he owe his phenomenal success he replied

"I put the Financial Times on the floor and call my dog William over to pee on it.Wherever there was a mark I could do some trading. "
He might have added that an up stream was to go long and a down stream to go short.
On this basis a condition of employment of our Broker /advisers/ pundits should be that the have a dog and call it William.

Isolated Bob

Tibbs

Done

Isolated Bob

Hi Tibbs

Quite complicated but have posted here before about Normal Market Share eg a Broker has no obligation to enter into the book any transaction above NMS . I use London Stock Exchange trades history which you cant get here on this platform. Its a free acess use. There you will see the large trades and under an entry of "off book"after the close of normal trading hours. Off book can be larger than NMS but equally can be between Brokers who can help each other on liquidity or shaft one another at a whim. Brutal game. Shafting is a badge of honour and applauded by those above the hoi poloi of normal trading exercise but rely on the cannon fodder to keep them in the manner they have been accustomed to. One cant influence the system but it helps to understand it. one thing is for sure the market players are in front of the normal PI viz todays cut in bank rate and the pound rises against most fiat currencies. The FX traders had already priced in that BOE action. Hope this helps but difficult on a forum post to get into the depths of the way it works.I dont trade any more just going for income as said previously but a little concerned for those who are contemplating this move. Debt free , certified balance sheet, solid divi even in a bad year , and first mover advantage ,. Where else would you want to be.

Bob

Good old Tibbs , aleays working for this forum and with your relationship with Centamin and their P.R contact look forwrad as to what you can glean.

Ex Divi 21st May.
Cheers Bob

Super
Agree your thoughts but equally may indicate lack of liquidity on the bid side of the book which has been taken out by by a largish buyer. Something odd to create that spike as now fallen back but still in positive territory so far.

Bob

Crazy is right . Bank Rate just set at 0.1% and perversely the pound rising against Dollar and Euro. Lowest interest rate since 1600' when BOE formed.
My streaming portal shows Cey UP 4.6% EG 98-99P
I n my opinion CEY could go astronomic prior to divi close date. If the report out hopefully soon indicating stet or better for future divi then hold on tight guys.

All my humble opinion but money where mouth is. Tragic that all this on the back of this disgusting coronavirus creating such sadness in peoples lives.

Bob

Very wise strategy Tornado. Centamin I am sure will rebound strongly as the market looks for income on its cash in the form of dividend as the Bond Market is currently a negative form of "safe haven"
Bob

Hi Tornado, I was not actively trading as I stopped 10 years ago but just thinking through how I would at that time "played the game" Your thought process eminently sensible and in the long run will I am sure be very sucessful. Th e important word is "in the long run" which I have been far more sucessful at doing than day trading.
Keep posting as enjoy your thoughts.

Regrds

Bob

Yep stop just filled at 93.02 . 10000 cfd leveraged 10 times =100000 @2% = 2 grand for the day.
Easy when your skin not in the game but very very risky and nervous break down territory.

Bob

Hi Tornado has your limit order been filled. Which side of the spread are you working. Leveraged CFD.? Dont trade any more just invest but follow your posts with interest, Would have put my order in at just above psychological 90 p level expecting a bounce and take a 2% sell stop.
Keep lucky

Bob

Hi Chan

Pundits on Bloomberg have said they think the loss of face by Saudi in opposition to Russia not playing ball is at least a 12 month if not longer to a climb down or in modern parlance an amicable compromise. In both their interests to take out American Shale which breaks even at about 45-50 dollars a barrel.

With the widening gap between physical delivery and Comex ETF how long can the Fed maintain the gap.

Fascinating time eh

Isolated Bob

Many thanks Chan and Sotolo for your experienced advice. In that Centamin Board have consistently said and on historical support have said they intend to return profit share to share holders do you see a return (subject to the caveats raised by Sotolo) a divi for 2020/2021 of 11-13% My embarrassing maths indicate this would be at the bottom of the range . Do you see an addition to reserves in anticipation of Africa and further concessions obtained in the round of bidding by EMRA. I am not at all interested in short term share price although having been severely bruised by day trading over a few too many years I am impressed by the skill but above all courage of Tornado in playing the game . nerves of steel spring to mind.

Regards to all

Isolated Bob

Hi Tibbs

They rested on the basis that NICE had not at that time authorised its use by the NHS. every OTHER HEALTH iNSURER WAS AUTHORISING PAYMENT FOR ITS USE. Our Haemotologist at the time albeit earning a good few quid in Harley St as you can imagine VOLUNTEERED to pay for Trastuzomab ( about 30 grand at that time from her own pocket.) The very best of human nature can crop up in the most amazing places. I have had the privilege to sit down on a pavement in London in a formal morning suit after a specific City meeting and had a chat with the poor individual on the lowest spoke of fortunes wheel.
From our comfy position in life which I acknowledge was probably obtained by very hard work it is a salutory experience.When this virus thing is over give it a try , it is a very humbling experience.
Off topic again so apologies to all.

Isolated Bob

Hi Cowichan

I did at some previous time get the annual fuel oil requirement for CEY but was not capable of interpreting this into the AISC . going forward. with your particular expertise and experience your advice would be most appreciated.

With Brent at 24/25 dollars a barrel and likely to remain so for the coming financial year are you able to give your thoughts in this direction. I ask as a Long term holder and the effect this may have on future divi declarations .Sorry to be presumptuous and a reply saying work it out yourself expected and received with good grace.

Isolated but infection free Bob (so far)

Hi Tibbs,

Your post gave me deja-vue as my wife had the most horrific form of Breast Cancer in the early 2000's. She had private insurance from her occupational benefit and we went the private route in Harley St. This AXA paid for , all well and good so far. My research via the American Federal Drug Agency testing and reports (dont ask me how I got acess) and Herceptin was in Phase 3 final testing. Our haemotologist requested treatment as final treatment but AXA refused to pay. On investigation I found they were authorising its use and paying for patients in France . Long story cut short she was treated at home with herceptin (Trastuzomab) and is now in her 14th year of remission. I WOULDNT TOUCH ANY AXA PRODUCT WITH A BARGE POLE/ At the time Sun Alliance were authorising treatment with Herceptin and obviously it became primary treatment by the NHS. Sorry all for the off topic rant but thought Tibbs comments needed support.

Back to CEY as the divi is calculated in dollars the fall in the value of the pound against the dollar is of benefit to holders . Not sure when the crystallisation date of the exchange date for the divi occurs from memory but is it on the day of payment? Being lazy as could look it up.

Regards all from Isolated Bob ( hasten to add not infected at present)

have said here previously that the large Institutions run the game according to their rules. During the END debacle I watched the RNS for statutory declaration of change in holdings and Blackrock never wavered. END caved on the lead that Blackrock indicated. I have the comfort of having a 4% minimum compounding final salary scheme to rely on so the short term machinations of the market share price is secondary to my requirements as until I crystallise by selling loss or profit becomes a meaningless phrase.

Being a cautious man I have held in the main over many years in Companies with a good balance sheet, business plan and a sure fire income stream. I have held CEY purely on that basis but having held Johnson Mathey from about 900p and with a secure divi stream over many years it also will remain in my portfolio. As Buffet said get into the market when blood is running in the gutter even if some of it is yours.

Keep up the good charity work as "even he who is on the lowest spoke of fortunes wheel is equally entitled to our regard"

Bob