Member Info for jaskk

My worry is that if an insider is willing to risk offloading knowing the risks they may encounter by doing so, what are they so concerned about ? It’s unnerving to say the least.

Totally agree, my only concern is that with gold in a new bull market that someone is deliberately muddying the waters so that they can acquire the mines at a cheap price. It wouldn’t be the first time that government bureaucracy is a cover for shenanigans.

There’s an awful lot of desperate shorters here today, a very good sign. Gold finally exploding higher, let’s hope this is finally the end of the socialist experiment of modern monetary theory.

So using shareholder funds to acquire shares for the benefit of directors without them actually risking their own capital. Disgraceful.

The shares you mentioned were issued at 3.6p per share price. I doubt they would sell at such a loss, unless Southern Gold is desperate for the cash, in which case someone will get a bargain.

MikeS02 - that’s really my point and why are suspect a lot of wealthy individuals would rather buy hard assets ( Bill Gates - farm land for example ) than hold their money in banks. This leaves the whole system exposed to banks runs. Why would a wealthy person trust a bank.

The whole banking sector is broken and corrupt. Until there is a blanket guarantee on money held and failed bankers are properly held to account, why would anyone leave their hard earned money with them if they have savings above the £85000 guarantee here or $250,000 in the US ? Better to have it in something real. This mess is once again exposing the double standards that exist. I see several bank offices have now been raided in France. It seems the problems were never fixed after the great financial crash and only the can kicked down the road and that road is now coming to a dead end. I predict more QE for the financial system ( its already started to some degree )
and interest rate rises for everyone else. Barclays has 28% of its tier 1 in at1 bonds. That’s an awful lot of dilution should they collapse. None of the banks have anywhere near enough cash reserves to cover deposits held. None of them.

It seems the market is concerned with SMT and articles in the FT don't help along with memories of Woodford and illiquid investments. I think you're right that this will come good, but sentiment is shot at the moment.

Rubbish, all private companies have to produce accounts, it just takes a bit more effort to request the information. Malicious comments by Bhide, sour grapes I suspect and if he believes that, then it’s probably best he gone.

The ECB had no choice and the Fed will also hike by 0.25 as they also have no choice or the markets will panic that there is a bigger problem lurking. That will be it though. Remember inflation is now being compared to this time last year when it spiked due to Ukraine and everything associated with that, by comparison we are now heading towards deflation. You just need to look at energy prices to see that occurring. That’s why central banks and governments are so confident it will fall. It’s nothing but a racket.

Lol, no chance. Credit Suisse problem now sorted, interest rates now won’t be going up having peaked and maybe cut by end of year. Growth tech stocks will rally. Already the NASDAQ is performing better than the Dow and S & P. Tech took its medicine last year.

I’m out at a slight loss, this RNS smells of desperation, a study of 75 people is laughable. There are lots of sugar alternatives out there and SOH is clutching at straws. No doubt he sold more SBTX to pay the wages.

I wonder how many company’s will be effected by the collapse of SVP and how it will cause contagion elsewhere. How can anyone believe the values given to the unlisted companies anymore, yet alone the listed ( remember Woodford and WPCT )

The share price its being played, buy under 50p sell at circa 54-55. Nothing fundamental has come out not already known about. I suspect a share buy back is imminent and someone is trying to accumulate from the impatient/nervous before it happens.

Results not as good as NatWest and plenty of jam tomorrow, if this is peak inflation and near peak interest rates, I suspect this will fall based on those figures. Will be interesting to read Lloyds results on Wednesday. Underwhelmed in a word.

I agree, slightly concerned that they mention debt levels being too high. No share buybacks for a while I suspect and these will drift.

Agreed and it will allow them to focus on their main goal in developing the mines in Korea. It certainly demonstrates confidence that a positive decision is coming.

All trades are both buys and sells.

It's a bit worrying that they haven't. The NAV is based on the value given to the units, assuming that they are compatible as social housing. The main problem HOME are having is that the NAV is now considerably less as they do not comply. This now means they are now near to ( if not already breaching ) their banking covenants as the LTV is considerably more than would otherwise be allowed, due to the fall in NAV. If the units let out were within the private sector let to normal tenants without receiving a 40-50% premium, it would be far easier to work out the NAV. The circa 38% LTV here assumes all is ok, however the market appears to think not. This could either be a great buying opportunity or there is a major problem brewing. Just my thoughts.

Due diligence to shareholders for not checking that the companies that they were dealing with were compliant and had a financially sound operating model. It's not good if one of your clients is under investigation, but more than one would suggest that the board of directors have been asleep at the wheel. This potentially could open a can of worms, for example did they overpay for property's based on inaccurate information etc etc