Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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
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
Hi Super
Early retired from director of FTSE 100 subsidiary myself. Thankfully many years of service and what was known then as a "Top Hat Pension" Sadly not now available but pay and bonuses of the executive ludicrously over the top so why would they need it. What a magnanimous gesture by Virgin CEO to forego 3 months salary . Dont know how he will manage on whats left of his 700 grand /annum pay. Spend most of my time now in charitable organisations and other interests.
Think we got out at the right time as they tell me 2 hour lunch breaks just dont happen now. Shame.
This latest rise in Gold and Cey (now at 112.6 (up 12.3%) , is this market money now looking for safe haven . Nothing can be certain in this environment of course but agree with view expressed here of CEY future in Africa and Egypt. Will the Egyptian authorities look very kindly on the new concessions round to Centamin bearing in mind that they are probab;y best situated to get a new mine working and hence US Dollars to the Egyptian Treasury. Probably day dreaming but others more perceptive here might have a view in this better than I.
Keep as safe as you can everybody
Bob
Hi Super
Holidayed last year at 5 star Hurghada hotel and it was magnificent. Yes 40c but as so dry felt better than 32 in Lanzarote . Cannot recommend more highly . The Egyptian staff were magnificent and nothing was too much trouble.Sea and the little reefs with fish unbelievable.
Intend to keep the 737 in the desert their and if the worst happens will have my own personal use of about 250 respirators in the cabin fully stocked with oxygen. Have gone past the woe is me head holding stage and now into black humour mode. Hope haven't trod on any sensibilities here as realise being 75 and with a blood condition its all bl---dy serious I know.
When the dust in the market settles amid all the profit warnings income will be top priority and CEY will shine as will all PMs sadly that will include END.
Cheer up all better times will return.
Bob
Hi Super,
Never thought of that. Quite fancy picking up my own cheap 737 to ferry my divi in gold direct from Sukari via Hurghada.
Spot physical gold price and not Comex Ponzi scheme paper of course.
Still waiting for words of wisdom fom Samurai
Bob
Hi Samurai
A teasing post. Many sophisticated , knowledgeable contributors to this board would I am sure welcome some facts and substantial thoughts you can provide to elaborate on your statement. Having had a look at most sectors I am having difficulty in anything that even in the medium term is ultra ultra cheap. Any advice you can give would be most appreciated. As a start point what Company's you would select that have a positive balance sheet , no debt and pay a divi of between 6-8% and more than likely an increase in divi return for 2020-2021. In a predicted global downturn of GDP 2-4% what particular sectors can benefit in your opinion. The only sector which I can see as having a snowballs chance in hell is Pharmers and P.M . Look forward to your guidance,
Bob
Hi Dansul and a most interesting article. At what point do you feel the ETF paper gold market completely breaks from the physical gold market and what effect do you feel this will have.
Currently my portal showing FTSE down about 6% and futures trading suspended in the Ameican markets as exceeding fall limits but currently being assessed at about 10-11% Equally CEY UP about 3.5-4% Still holding as divi more important to me than fluctuations in share price.
Bob
Gold gapped up and now 37 points above close. ETF'come in 2 forms , physical delivery or dollar value. Watch this space guys and gals. The longs have been stopped out by manipulation of the Fed (make no mistake they control the Comex) If in doubt read the format of Comex.
Divi time soon !!! Bob
Bob
Bob
Hi Supercharger
Totally agree your astute comments and all others who willingly give their time to keep us well abreast of the events surrounding Centamin. As I have previously posted enormously overweight Centamin and so glad I topped up the wifes ISA allowance at 127p when at times I wondered whether the right decision made. Dont trade now but in admiration of those who do and post here .
Bob
Sorry forgot to mention that Spain's GDP is 11.75% comprised of tourism. A 2% fall would also put Spain into recession. Italy already there . Euro block basically stuffed, Boris may get the trade deal he wants by default.
Interesting times . Had Asian flu when younger 1958 . Dont think I would survive a second round.
Bob
Hi Gnome
Unlike 2008 the Central banks have little left in the locker other than a negative rate cut so TOTALLY AGREE YOUR COMMENTS.
ECB considering implementation of substantial QE but where from as it lies heavily on the balance sheet and a day of reckoning has to come at some stage. Germany technically facing recession and France is a basket case with a 20% overhang of public sector expenditure. The Yanks will fudge and manipulate status quo as none will be strong enough to say nay but even there the pyramid will inevitably collapse under its own weight. Are we tecnically 2 years overdue a global recession . My view is most emphatically yes.
In respect of my previous post I forgot to say that the divi IS PER SHARE!!!!! HELD. Therefore the arithmetic must be based on that premise. Anybody taking Broker notes from Berenberg 127P OOPS. Endeavour advisers perhaps!!! Well done the Centamin board for kicking them into touch and the perception of the Institutional investors in supporting the Centamin Board.
Well done Cowichan on trading . I had a small success on placing a buy limit order at 139 after the rise and kicked myself seeing it go to well below that but held on and vindicated today.
Good luck to all and avoid the noise. Switch off the terminal if all seems lost and come back later to see how things went. You will not be disappointed,
Bob