Member Info for JohnLewis79

Catastrophic ain't the word for those on pre-payment meters facing having to top up every 2 days instead of wkly with another £15! OVO boss Stephen King said some of his customers face quadrupling bills this winter.

The sooner the Govt order a freeze on energy bills for hard pressed customers, of which 4m are on these meters the better. Start now for God's sake.

Meanwhile Truss and Sunak play out this election pantomime unaware of the energy time bombs about to explode across the country.

DJ -154 (32,910)
SP -9 (4129)
NS -9 (12,882)
R2 -1 (1238)
WTI $93
10y/tb 3•039%

MSCI(W) -6 (2730)
Gold Bugs +3 (203)

Latest:- Vix 24. Brent $100.
Gold $1759. Copper $3•669.
Palm $1095. Silver $18•950.
$1•182. €1•187.
FF +9. DF -48.
Morning all.

I'm doing my bit. Cut down on food 50%!

If the projected energy prices come to pass in Q4 and 2023 its a certainty a lot more pubs will close forever. When your having to take c.£20,000 a week in a High St suburban pub to break even your going to be better off closing the doors and going home.

Back in the '90s a Publican friend of mine showed me his weekly p&l spread sheet. He had to take £7000 (no Sky sports) a week before he earned a penny. He struggled on for a month before handing the keys back. Over the years many followed with similar results. That pub, next door to a Railway Station has been closed for the last 6 years. It's shortly to reopen as a gastro pub, ****tails at £20 a pop.
Best of luck with that.

It's been downhill for the licensing trade ever since. Of the 4 pubs in my area 2 are on life support (soon to be switched off) one only opens in the evening (not sure how that works) and the 4th one benefits as the 'last man standing' covers costs on a good week.

Most thought the pandemic drove the last nail in Pub coffins, turns out the fates had one last trick to play.

Stocks on Wall St tumbled from the bell and remained deeply in the red throughout the session suffering their worst falls since mid June. Not helped by the worsening energy crisis in Europe where the Euro tumbled to a 20 yr low and benchmark gas prices surged 13% overnight.

Major US indices all ended notably down by over 2% as forecasts for rates and recession fears jolted mrkts.
Dealers have priced in a 55% chance of 75 basis hike in Oct. Many investors see no hope of a 2% inflation rate fearing the economy could be mired in stagflation (high inflation, no growth & high unemployment) for years.

Ahead of a busy week Investors were quick to sell risk assets and bought the USD. On Friday there will be updates on consumer sentiment, home sales nos & inflation data from Jackson Hole symposium.

The dollar strengthend to $1•177 and the 10y/tb hit 3%. Gold ticked up $2 to $1751 just above 3 wk lows while $ strength weighed on crude prices as OPEC said they will cut output to correct the drop in oil futures. Brent $97.

London to open 6 down and the DJI up 40 points praying yesterdays falls were a 'bottom' for a mrkt still 10% down ytd. Others opine there is much worse to come as consumers struggle with energy costs exploding and consumer spending at zero.
Morning all.

DNO purchase a 33% stake in Foxtrot International from RAK. The move into W.Africa is strategic as the company wishes to reduce reliance on the volatile Kurdistan region.

The Nikkei opened in a down mood slipping nearly 300 at open, extending losses of the previous 2 sessions after Walls rocky session on Friday. Techs, Autos and exporters were sold off in morning trade. At lunch the 225 was down 130 as bottom fishers looked for bargains.

Shanghai which has finished lower on consecutive days due to concerns on rates and an economic slow down turned up from the bell. At mid'day the mrkt was up 18. Banks and Petroleum stocks edged up awaiting news on the PBOC 1 year and 5 year rate decisions later today.

HK releases July CPI nos expected to come in at 2% y-o-y up from 1•8% in June. The Hang Seng moved higher on Fridays close but is rangebound in the 19,500 -20,000s with interest focused on the property sectors. At lunch the HS traded at 19,804 up 34 points.

Crude started the week at $96 after posting a weekly loss due to worries about the outlook for energy demand amid fears of a possible recession in Europe. Volatility in the oil mrkts has become so wild that dealers & Hedge Funds are quitting in droves as activity levels are at their lowest levels in 7 years. Hawkish comments by Fed Officials ahead of the economic symposium at Jackson Hole Wyoming this week, kept dealers on edge.

Gold is down to $1760 in morning deals as traders see no let up in the Fed easing back on rates. Powell's commitment to hike rates & cont tightening QE is almost certain to tip the economy into a recession of at least 4 Quarters said the founder of Quill Intelligence.

Futures see a weak start for the Dow called 120 lower with the ftse flat.

Morning all.

The last time the mrkt liked anything we reported was back in 2020/1 when the shares were heading into the 30s and investors got over excited with talk of 100p. Well, we know how that panned out, buses or rollers I'm not sure but I remain positive that MB will deliver the goods.

How the mrkts will respond is anyone's guess but if you have been following other WA goldies share prices performance the omens are not particularly good. Hopefully we will buck the trend.

Cora -48%
Glds -47%
Hum -45%
Orr -48%
PAT -45%
RRR -27%
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Brent +23%
Gold -4%
Gold Bugs -23%
Copper -18%
Silver -19%
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£$ -13%
£€ -1%
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DJ -292 (33,707)
SP -55 (4228)
NS -263 (13,243)
R2 -23 (1268)
WTI $90
10ytb 2•973%

MSCI(W) - 39 (2788)
Gold Bugs -5 (200)

Close:- Vix 21. Brent $96.
Gold $1760. Copper $ 3•670
Palm $1080. Silver $18•965.
$1•183. €1•178.
Morning all.

Shhhhhoosh MB was the seller, a little bird told me...

Good to hear from you WOE and appreciate your first hand comments re MSi. Had the AGM been held in London I would certainly have attended. As it is travelling by train is too stressful and expensive for most of us South of the Thames to undertake.

We had a good week in volumes, buy v sells and the shares closed at 330 for a weekly gain of 31p, continuing the recent upward moves. The 5 day, 30, 90, 52wk and ytd's are all in the plus column which helps those of us of a nervous disposition to have a good night's sleep.

I've always thought there's a fair bit of luck in choosing a stock to buy especially if you have to choose between a few closely matched ones and more often than not i have chosen wrong. Not this time.

As soon as we're through the summer doldrums I expect a 'Santa' rally in stocks and won't be surprised to see MSi at 400+ before or after the H/Y nos in mid Dec.

Evening all.

Starting to look interesting again. Despite the obvious drawbacks to holding REA. At anywhere near 100 or lower they must be a reasonable buy.
With cpo around $1090 we may be turning a small profit but coal and stone may save the day helping our car crash balance sheet in reducing debts.

Since inception as a traded counter back in July 1988 MSi has risen from c.120 to 330 today which equates to an annual growth rate of c.3•3% (no divs inc).

During that period MSi suffered 4 dramatic drops to (22p '88), (90p '05), (139p '15) and (112p in 2020). My records don't go back that far to detail the data but I would think that's pretty much par for the course over such a period and likely with 'the mrkt' anyways.

More to the point MSi has jumped from 112 just 2 years ago to current 330 a rise of 195% due to a better all round performance and exiting the ravages of covid lockdowns, delayed orders, inflation, etc.

Whether the Co can keep up this performance no'one really knows but the omens look good for at least the next few years. Our Defence business supported by strong US military connections and the Petrol Station hubs which are seeing an increase in new business and could get a further boost if Ukraine is ever settled makes an investment here an attractive proposition all imo.

DJ +19 (33,999)
SP +10 (4284)
NS +35 (13,506)
R2 +11 (1291)
WTI $90
10ytb 2•898%

MSCI(W) +4 (2826)
Golf Bugs +1 (205)

On Wall stocks lacked direction but the major averages all ended modestly higher. Across Asia stocks are barely moving, among the main exchanges Tokyo is down 15 as exporters and techs are being bought while HK is ahead 90 and Shanghai unchanged at lunch.

Gold has slipped this week from $1819 to current $1765 due to USD strength and rising yields making the gold stuff a non interest baring asset less attractive. To effectively reduce inflation from 8•5% to the Fed's 2%-3% target analysts reckon the Fed fund rate would have to be c.4•5% - 5•0%. Remember in March rates were near zero %, so even after 4 hikes still remain among the lowest levels in history.

Latest:- Vix 19•6. Brent $96.
Gold $1769. Copper $3•649.
Palm $1080. Silver $19•310.
$1•191. €1•182.
FF+12. DF-55.
Morning all.

DJ -171 (33,980)
SP -31 (4274)
NS -164 (13,471)
R2 -17 (1281)
WTI $88
10ytb 2•880%

MSC1(W) -21 (2823)
Gold Bugs -7 (204)

The Dow falling 171 presaged stocks across Asia to open lower as news from the FOMC policy meeting reaffirmed traders views that the Bank plans to continue to raise rates in an effort to choke inflationary pressures & get back to their 2% target.

In quiet trading most of the selling is in tech stocks tracking Nsdq peers. Tokyo opened c.400 lower but is recovering as has HK and Shanghai. Crude ($94) is flat and Gold ($1779) ticked up $3 on the FOMC news which was considered slightly negative for gold prices.

Latest:- Vix 20. Brent $94.
Gold $1779. Copper $3•589.
Palm $1045. Silver $19•700.
$1•205. €1•183.
FF +13. DF-10.
Morning all.

Another busy day in MSi terms c.31,000 traded over 18 bargains. Buys out pacing sells by 9•9:1 as has been the the trend all week.

MSi continues to attract buyers, whether on the fundamentals or perhaps breaking news? Either way the only way is up imo as long as you take a long term view and expect the odd set back when Mr Market throws a wobbly.

Outside of that occurrence we should be okay and i picked up a few more today to put into my kitty.
Evening all.

Haven't attended an AGM in in many years. The last time I think was at a Truman Breweries AGM held in the City. They always put on a great spread and free beer and was very well attended!!!

A pal of mine was an AGM junkie. He went to hundreds of selected AGMs over the years (those that provided food and drink) purely for the freebies. He used to buy 1 share to get on the register and spent his retirement enjoying himself at their expense. Have to say he had the money to indulge himself.

Wow, wow wow! In at 25 goodness me. Well done. I hope you made lots of money. I'm sure you did but like me you may have sold too early?
Sods law I guess?

I won't bore you with the bigest mistake of my life when I swerved a tip to buy Polly Peck at 9p (literally from the horse's mouth). You may know it went on to over £36 a share leaving me sucking my thumb and what's worse i watched it climb relentlessly, 50p, 150, 500p, up and up it went and never once did I think I gotta get back in.

I had £1000 in 'readies' to buy the shares at 10 ish but in a fit of madness I swerved and bought Sadbrokes in the low 80s when they lost their Casino license...... And oh yea, they went South pretty much soon after I bought them and Polly streaked ever upwards.....

etj7777. Take your point. As I post in the early hours I'm unable / dont normally respond to posters views unless they are abusive which thank goodness this board is free of...

Anyways, I try to focus on the here and now and not some La La Land Indian nonsense which imo has zero value for our future. It's at best nothing more than a distraction. I'm not buying into the future cash flows of a disused mine surrounded by Panthera warriors determined to keep us out.

If I was a poker player, and i play cash games occasionally, holding Bhukia would rate an automatic fold. There is no value whatsoever in even thinking we'll ever get a result here.

Let's all move on and put our trust in MB to see us right.