Member Info for bobliz35

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

After overheads and tax 12% is loss making. Happy to take on business adviser at a reasonable £1000 per diem.

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

Of interest to those who follow the gold price. All is not as it seems.
https://www.bullionstar.com/blogs/ronan-manly/comex-rigged/

However I seem to be out of step with this board as the share price is of interest but not central to my strategy.
O f course I have the luxury of having been invested in Centamin since it was a map on a wall and therefore my average share price is probably well below others here, I work on the following

Average share price compounded at at 2.5%/annum over the time held. I then take that price and relate it to the income percentage generated by the dividend (currently about 8%) . On examination of the two respective figures my nett gain is substantial. This of course is because I have no intention of or need to crystallise my share holding in Centamin. The board has repeatedly stated that they will maintain returns to shareholders and have done so over the past few years. Albeit someahat higher than the current divi return but this is still substantial . Have a look at Martins money as to the returns likely on the Premium Bond front as a MEDIAN average. Yes you may strike lucky but you may also be in the coffin for a good many years before this happens. The gold is in the ground , it is being dug up and sold , the company is debt free , the healthiest of balance sheets , and operating in an ever more friendly political climate. Go find something better but let me know first.

Good luck all but DYOR and think, think, think.

Bob

Hi notrac

Yes it almost became a badge of honour amongst my friends to go down with it. Remember flying round my room on the bed and then falling for what seemed miles. Not pleasant at all. Hope some measure of resistance gained as a variant of H2N2 type virus. Keep well

Bob

Tibbs

If ever there was day of manipulation today proves it.

Bob

Nice call. We closed 153.15 and not 151.80 as presently shown on my frozen share ticker here

Bob

Anybody also notice that this board froze at 3.37pm. Noticed when my share terminal showed Centamin in the positive (as I thought would happen in my previous post) but still showing 1.25 p in the red here.
Got 3.37 from the trades link as not showing any trades after that time (at 4.20pm)
Not a complaint as excellent platform and board for free.

Bob

Hi Philandlynne

Agreed at present levels and Road Traffic Deaths worldwide make a statistical nonsense of the present figures.

However the Spanish flu pamdemic of 1917-1918 spraed to 3/4 of the world population and killed 50 million people. Main contributor was of course the lack of anti biotics to fight the subsquent pneumonia.

However in 1957/58 pandemic of Asian Flu killed 1.1 million people worldwide. I caught Asian Flu and still remember it with high temp halucination , absoluteley dreadful. Thankfully a young constitution fought it off. Can this coronavirus be contained in modern world wide inter travel between all countries . Dont know but sincereley hope so.

Bob

I find it a little bit immoral to think of making money on others misery but in my opinion gold will go ballistic plus with a lag miners WHEN AND IF there is a sizeable outbreak in the US of the Coronavirus. North Italy industrial area impacting about 50,000 people in Lockdown right now. Interesting times US takes health VERY VERY seriously.

Bob

World markets down between 3 to 5% so just normal risk off reaction amid some profit taking. May be a small rally near market close. Sitting tight and considering a little top up below 150. Where else would you want to be invested in current sad coronavirus contagion.

Bob

Had to chuckle but apologies . checked a few web sites and also couldn't find it.
Basically its the difference between the bid and ask price entered into the stock market book at the opening. eg buy 100p sell 95 with a spread of 5p. This can be a large misleading spread as when other entries are added within those values the spread becomes very much smaller I believe it is called Margarine spread because it is not butter or the real thing (perceived) Within a short period of time the spread between buy and sell diminshes substantially.
If at the opening you watch the share price on here you will get an idea of what happens. You can get caught in the margarine spread if you trade at the very open. Also there is overnight orders which can be placed but putting a limit price can obviate the catch in the opening spread.

Hope this helps somewhat but the phrase may have gone out of use since I was trading rather than investing.

Bob

Nardniles

Very very wise words. Somebody once said "Education ,education, education " and in trading and investing(there is a difference to be aware of here) this is of paramount importance. I am continually amazed at the spread of expertise of the contributors to this board and especially those with in depth and extended Centamin knowledge and the gold mining industry in particular. all generously passed on to those of us less informed and able.

Bob