George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Apologies you have to read it twice but posting on LSE is akin to dodging those fair ground 'dodgem' cars of our
youth.
Sellers doing their best to send MSi lower but to no effect. Shame cos I want them much lower as at current no-one is bothered. I'm a buyer at anywhere sub 800 which is not that
much of a stretch from here.
So come on sellers let's have more of you, as the jobbers are willing to quote you a decent price so you can rush into RR the stock of the year!
Can't tell you how many have urged me to dump MSi and fly with RR! Well they are behind the times as.....
........i bought RR at 70 odd swerved the rights, sold at c.130 and watched them climb to over 400. That's what you call-dumb ass investing.
I'm not beating myself up as I have previous in this stupidity.
Luckily I'm able to forget my idiocy quickly and move on to my next skid-pan stock. So here's the latest JL tip that might interest you? In case you are, here's a clue......
..... "These are are made for travel and someday they gonna walk all-over you".......
Can you name the stock? Tune in tomorrow.
Sellers doing their best to send MSi lower but to no effect. Shame cos I want them much lower as at current no-one is bothered. I'm a buyer at anywhere sub 800 which is not that much of a stretch from here.
So come on sellers let's have more of you, as the jobbers are willing to quote you a decent price so you can rush into RR the stock of the year!
Can't tell you how many have urged me to dump MSi and fly with RR! Well they are behind the times as.....
........i bought RR at 70 odd swerved the rights, sold at c.130 and watched them climb to over 400. That's what you call-dumb ass investing.
I'm not beating myself up as I have previous in this stupidity.
Luckily I'm able to forget my idiocy quickly and move on to my next skid-pan stock. So here's the latest JL tip that might interest you? In case you are, here's a clue......
..... "These are are made for travel and someday they gonna walk all-over you".......
Can you name the stock? Tune in tomorrow.
Sellers doing their best to send MSi lower but to no effect. Shame cos I want them much lower as at current no-one is bothered. I'm a buyer at anywhere sub 800 which is not that much of a stretch from here.
So come on sellers let's have more of you, as the jobbers are willing to quote you a decent price so you can rush into RR the stock of the year!
Can't tell you how many have urged me to dump MSi and fly with RR! Well they are behind the times as.....
........i bought RR at 70 odd swerved the rights, sold at c.130 and watched them climb to over 400. That's what you call-dumb ass investing.
I'm not beating myself up as I have previous in this stupidity.
Luckily I'm able to forget my idiocy quickly and move on to my next skid-pan stock. So here's the latest JL tip that might interest you? In case you are, here's a clue......
..... "These are are made for travel and someday they gonna walk all-over you".......
Can you name
Borrowing costs remained unchanged after Chair Powell said inflation remains 'elevated' but raised its economic projections for growth and expects unemployment to fall. However investors remain convinced that the Fed will cut rates 3 more times this year starting in June.
Stocks which had flatlined throughout most of the day surged towards the close the 3 major indexes ending at their highest levels since Jan 2022. The DJI gained 400 in the last 2 hours of hectic trading following Powells comments.
Gains were across the board with 9/11 sectors advancing on the day. Surprisingly Healthcare proved the weakest sector as vaccine makers tumbled. However the market as a whole continued to move higher with prices in record territory.
Golds ($2205) were on a tare up after Powells comments. Oils up 12% this year were little changed on the day putting on 53c to $86•50.
Nyse data
Issues 2911
Advances 2207
Decliners 630
U/c 74
NH 292
NL 32
T/vol(bn) 4•1
------------
DJ +401 (39,512)
SP +46 (5225)
NS +208 (18,240)
R2 +21 (1313)
WT1 $82
10ytb 4•266%
-----------
MSCI(W) +22 (3415)
Gold Bugs +9 (234)
----------------
Latest :- Vix 13. Brent $86.
Gold $2205. Copper $4•106.
Palm $1115. Silver $25•815.
FF +62. DF +138.
Morning all.
Walls 3 major indexes ended higher after Nvidia shook off early losses to close up $9 at $894. The company revealed pricing and shipment plans for its Blackwell B200 Ai chip which it says could be 30x faster than current chips.
Also in the tech space Super Micro Computer tumbled $90 to $911 after it announced it would sell 2m shares at between $900-$1000 though later the sale offer price was scaled back on further consideration. Spiral Global soared 30% to $16 after announcing an Ai-driven weather prediction service with Nvidia.
The Dow outpaced the 500 supported by gains in Home Depot, Big Mac and Apple put on $2 to $176 on news of a tie up with Google to build its Gemini Ai engine into its future iphones.
Investors don't expect any surprises on rates today betting its a stay put stance at (5•25%-5•50%) due to Feb inflation nos coming in higher than expected. Investors think at most their will be 2 or 3 rate cuts this year.
Nyse data
--------
Issues 2911
Advances 1949
Declines 866
U/c 96
NH 176
NL 34
T/vol(bn) 4•3
-------------
DJ +320 (39,111)
SP +29 (5179)
NS +47 (18,032)
R2 +9 (1291)
WTI $83
10ytb 4•300%
-----------
MSCI(W) +13 (3393)
Gold Bugs -5 (226)
---------------
Latest :- Vix 14. Brent $87.
Gold $2157. Copper $4•079.
Palm $1110. Silver $25•145.
FF -2. DF -11.
Morning all
Bloody he'll I made a right ricket swerving YU group which I had back in the 400s not so long ago for an investment here! God knows why i sold.....
Oh well no point in crying over spilt milk but jeeez I sure can pick'em!!! We are in purdah as far as MSi is concerned and have a lot of catching up to do
even to get back to fair value whatever that means?
In further news Chemring has been handed nearly £90m to boost defence production in Europe, £57m for ammunition and missiles for Ukraine. Also a £32m grant from the Norwegian Govt to increase production in the country. A Nato spokesperson said Chemring Nobel was a key strategic supplier to Nato.
Shares gained 5% to 366p on 273m outstanding.
Issues 2917
Advances 1430
Declines 1386
U/c 101
NH 141
NL 39
T/vol(bn) 4•0
DJ +76 (38,790)
SP +32 (5149)
NS +177 (17,985)
R2 -5 (1282)
WTI $83
10 y/tb 4•330%
------------
MSCI(W) +18 (3381)
Gold Bugs -2 (230)
---------------
Latest :- Vix 14. Brent $87.
Gold $2155. Copper $4•099.
Palm $1110. Silver $25•115.
$1•271. €1•169.
FF -25. DF +3.
Morning all.
Asian mrkts opened this morning on the defensive following broadly negative cues from Wall St on Friday. The MSCI Asia index falling 1•4% its bigest wkly loss in 2 months set the tone for mrkts in Asia this morning.
Many Asian Central Banks will be holding policy meetings this week starting with the BOJ which is widely expected to raise int rates for the first time since 2007 bringing the curtain down on 7 years of negative rate policy. Also in an unprecedented move Japan's bigest companies agreed to raise wages by 5%.
In early trading the Nikkei is up over 880 at the morning break with investors piling back into equities after recent losses. Gains were seen across the sectors led by industry heavyweights and tech stocks. The 225 closed up 979 (39,687).
Elsewhere in Asia some green shoots of recovery in China are slowly becoming visible.
Four key indicators will be reported this week, retail sales, business investment, production and unemployment numbers. Capital is no longer flooding out and the SHCOMP is up 3% ytd. However house prices fell at their fastest rate in a year, properties are still in intensive care and new bank lending growth to the lowest on record.
In Sydney the Reserve Bank of Australia is expected to maintain its hawkish stance on rates. The ASX closed up just 4 points in lack'lustre trading. Elsewhere NZ, HK, and Malaysia are in the red while Soeul and Taiwan are ahead.
Latest :- Vix 14. Brent $86.
Gold $2146. Copper $4•107.
Palm $1115. Silver $25•230.
$1•273. €1•169. 10ytb 4•300%
FF +13. DF +40.
Morning all.
DJ -191 (38,715)
SP -33 (5117)
NS -207 (17,808)
R2 +6 (1288)
WTI $81
10ytb 4•318%
-----------
MSCI(W) -19 (3363)
Gold Bugs +1 (233)
----------------
Close :- Vix 14. Brent $85.
Gold $2156. Copper $4•121.
Palm $1115. Silver $25•405.
$1•273. €1•170.
Yen 149. Yuan 7•20
FF +7. DF -15.
Morning all
MSi nos for wk 11.
Wk11
820-850
L/yr 510
H 935
L 443
-------
Trds 55
T/vol 61,700
Buys 39,400
Sells 22,300
Buy % 64
Av trd 1122
-------------
Ytd
---
MSi -5%
100 u/c
All u/c
Aim -3%
250 -1%
Gold +4%
Oil +11%
Palm +19%
Silv +6%
Cop +6%
On Wall stocks showed a lack of direction in trading amid renewed concerns about the Fed postponing its first rate cut to after June following the release of hotter than expected producer price inflation data for February as the cost of gas and food rose
more than expected.
The major averages all moved to the downside on the day led by Nvidia falling $36 to $873 and other techs extending losses. Tesla ($162) fell for the 4th straight session at a 10 month low. Selling pressure remained light and the indexes closed well off their worst levels at the close.
Nyse data
Issues 2910
Advances 599
Declines 2246
U/c 65
NH 139
NL 59
T/vol(bn) 4•8
-------------
DJ -137 (38,906)
SP -15 (5150)
NS -54 (18,015)
R2 -21 (1281)
WTI $81
10 y/tb 4•285%
------------
MSCI(W) -14 (3382)
Gold Bugs -3 (231)
----------------
Latest :- Vix 14. Brent $85.
Gold $2168. Copper $4•112.
Palm $1115. Silver $25•320.
$1•274. €1•171.
FF -6. DF -49.
Morning all.
Goodness me outside the spread, whatever next? I'm going for a lie down, cannot last.
DJ +38 (39,043)
SP -10 (5165)
NS -151 (18,068)
R2 +1 (1302)
WTI $80
10ytb 4•204%
----------
MSCI(W) -1 (3396)
Gold Bugs +5 (235)
---------------
Latest :- Vix 14. Brent $84.
Gold $2171. Copper $4•045.
Palm $1105. Silver $25•190.
$1•279. €1•169.
FF +9. DF +61.
-----------
Nyse data
Issues 2923
Advances 1678
Decliners 1138
U/c 107
NH 83
NL 23
T/vol(bn) 4•3
------------
The 500 is in its longest up stretch since 2018 (without a decline of 2%) yet many investors think while the fundamentals are positive they still don't justify current valuations and for S&P to have a strong H2 corporate earnings growth will need to accelerate.
There are some key events coming this week. US PPI nos, retail sales, initial jobless claims and business inventories on Thursday. China property prices on Friday will be closely examined along with BOE inflation survey next week.
US industrial production and consumer sentiment nos from the University of Michigan are out Friday.
The Pentagon pulled out of a plan to spend $2•5bn on a chip grant to Intel, stock fell $2 to $43. Dollar Tree plans to close about 1000 of its 8000 locations in an effort to improve profitability. Recently the company was slapped with a $42m fine for selling cosmetic items out of a rodent infested warehouse. Stock slumped $22 to $129.
And Eli Lilly the worlds largest drug maker is joining Amazon ($177) to expand its nascent business of dispensing weight loss drugs direct to patients via the Amazon on line pharmacy, which will include its hugely popular injection pen.
Big Pharma endorsing Amazon as a distribution partner bolsters Amazons role in healthcare. Expect many more of these arrangements. Shares in Eli Lilly gained $3 to $758.
Morning all.
After a couple of recent wobbles in the MSi sp, it's back to trading the spread so all's well in the world. Vols this week continue to favour the 'buy' side (c.20,500) v (c.14,900) as they have over the last month
Wk 7-10
Sp 850-810
---------
Buys 164,400
Sells 126,200
Trds 363
-----------
Just to emphasise the nos are hard to interpret as every buy has a sell and vice versa but loosely indicates the mood of investors whether bullish or bearish. One would expect to see shares rise in bullish times excepting MSi where they have fallen 40 during wks 7-10.
DJ +235 (39,005)
SP +57 (5175)
NS +267 (18,219)
R2 -4 (1301)
WTI $78
10ytb 4•143%
-----------
MSCI(W) +30 (3397)
Gold Bugs -5 (230)
---------------
Nyse data
Issues 2918
Advances 1553
Decliners 1260
U/c 105
NH 181
NL 25
T/vol(bn) 4•1
------------
Latest :- Vix 14. Brent $83.
Gold $2158. Copper $3•943.
Palm $1050. Silver $24•380.
$1•279. €1•171.
FF +5. DF u/c.
Morning all
DJ +47 (38,770)
SP -6 (5118)
NS -67 (17,952)
R2 -6 (1305)
WTI $78
10ytb 4•100%
----------
MSCI(W) -13 (3367)
Gold Bugs +6 (234)
----------------
Latest :- Vix 15. Brent $82.
Gold $2175. Copper $3•919.
Palm $1017. Silver $24•655.
$1•282. €1•172.
FF +54. DF +55.
------------
Nyse data
Issues 2908
Advances 1413
Declines 1397
U/c 98
NH 127
NL 19
T/vol(bn) 4•9
-------------
Morning all
Tokyo is trading much lower today giving up gains in the previous session the 225 hit a days low of 38,589 down 1100 at lunch. Profit taking in tech started the rout across the market with market heavyweights Softbank, Honda and Toyota being heavily sold. Banks and major exporters were unwanted and among junior technologies there was a rampant selling.
At the close the Nikkei had lost 949.
Elsewhere in Asia NZ, SK, Taiwan and Singapore are all lower but HK bucked the trend up 220 with Shanghai 9 better on bargain hunting. Indonesia is on holiday. Australia's ASX200 is down 150 following the Nikkei slump in Tokyo. Miners, oils and techs are on offer with few takers particularly those companies going xd. Sydney closed at 7698 down 148.
Latest :- Vix 15. Brent $82.
Gold $2178. Copper $3•894.
Palm $1017. Silver $24•485.
$1•285. €1•175. 10ytb 4•07%.
FF -25. DF -35.
Morning all.
Wk 10
Global
Ytd
---------
DJ + 3%
SP +7%
NS +7%
R2 -1%
TK +19%
HK -4%
SH +2%
SHZ -6%
SK +1%
TAIX +10%
KL +6%
SP -3%
JSK +2%
Gold +6%
Oil +6%
Silv +2%
Cop u/c
Palm +9%
DJ -69 (38,723)
SP -34 (5124)
NS -280 (18,018)
R2 -1 (1311)
WTI $78
10ytb 4•080%
-----------
MSCI(W) -11 (3380)
Gold Bugs u/c (229)
----------------
Close :- Vix 15. Brent $82.
Gold $2179. Copper $3•891.
Palm $1017. Silver $24•525.
$1•286. €1•176.
Yen 147. Yuan 7•19.
FF -8. DF +21.
As expected volumes and deals of the last few days could not be sustained after all this is not a Ftse 100 stock where every Tom dick and Harry are piling into Rolls Royce.
Buying shares in an Aim mini conglomerate takes a deal of faith given there are few "come and buy me" pointers and Warren Buffet hasn't signed off on the deal. Add in the bad reputation of the sector which has to be said is somewhat deserved that's a red flag to most investors.
Whatever, the pros and cons of an Aim investment, MSi fell 30 on the week the shares closing at 810-845.
Wk10
MSi
Ytd
---
810-845
L/yr 535
-------
T/trds 169
T/vols 114,500
Buys 74,200
Sells 40,300
Buy % 65
Av trd 678
Av£ 1690
-------------
Ytd
Msi -5%
--------
Aim -•5%
100 -1%
250 -•5%
All -•5%
--------
Morning all.