Member Info for JohnLewis79

Good pick up jdk14. As long as you're a holder longer than 5 mins I think you will do ok'ay.

I'm one of these stubborn buggers who view sp's as wholly unrepresentative of values. Imo there is way too much of jobber manipulated prices (nothing new there). Little we can do about that as it goes to the territory of keeping you in the minus column and their books straight.

On a 2 year view I'd be very surprised if MSi are trading below 550, as long as
the macro global situation hasn't gone tits up, which will kibosh all our expectations.

FFS!!! Let's forget bloody India we have better viable prospects in WA.

Given what the mrkts have had to contend with since covid surged through the world just 2 & a half years ago shattering global economies, its incredible to see mrkts testing all-time highs as inflation erodes peoples wealth.

On March 23rd, global equities slumped as the virus quickly took hold in China and spread rapidly across the world. On that day the ftse fell 196 to
4994, the Dow 582 at 18,592 and the S&P 68 to 2237, which proved to be the low, though noone knew that as most feared a wipe out for global equities.

Mrkts had been falling since the Dow started 2020 at 28,538 and as news of this mysterious virus spread on Jan 31st, mrkts took fright. In the space of 40 days the DJI crashed 9660 points to 18,592. Commodities caught the bug, Gold $1557, Brent $26 & palm $655 all testing multi year lows.

The very next day mrkts turned the Dow jumped 2113 points the ftse 452, what caused this massive turnaround has never been satisfactorily explained. One Day a struggle for life or death, the next all is peace and harmony and away 'the lads'! By 2O20 close the Dow was sitting at 30,606 and the ftse 6461. Pandemic..... what pandemic?

And here we are the Dow has recovered 15,560 points, within striking distance of record highs and the ftse not far behind. Go back to the pandemic 2020 and people were calling the Dow at 10,000 that would have taken mrkts back to early 2010. Anyone remember those days?

The last 2 days has seen a big uplift of interest and volumes, buys outpacing sells by c.6:1 on 34,100 shares dealt.
Since Monday 55,000 shares have gone through the ticker for a 2 day gain of 37p.

Flash in the Pan or the start of something new? I side with the latter, any gain is acceptable but I'm a long-term investor and try not to get carried away with sp spikes or the daily ups'n downs.

As long as the earnings per share are on a consistent upward path MSi should have another very good year.

DJ +240 (34,152)
SP +8 (4305)
NS -31 (13,635)
R2 +5 (1297)
WTI $87
10ytb 2•818%

MSCI(W) +2 (2844)
Gold Bugs +1 (212)

Latest:- Vix 20. Brent $93.
Gold $1790. Copper $3•615
Palm $1090. Silver $20•045.
$1•210. $1•190.
FF+21. DJ+21
Morning all.

It could simply be down to investors rerating the stock. The main driver of future profits will come from our Defence businesses....and compared to some US armed military defense co p/e ratios of 38× we look incredibly cheap.

There has always been take over rumours associated with MSi, so with just 16m outstanding small lot buying or selling can shift the sp significantly. I have added a few more recently, expecting a lift in H1 profits and eps.

DJ +151 (33,912)
SP +17 (4297)
NS +101 (13,667)
R2 +5 (1292)
WTI $89
10ytb 2•781%

MSCI(W) +8 (2842)
Gold Bugs -3 (211)

Latest:- Vix 20. Brent $94.
Gold $1796. Copper $3•637.
Palm $1075. Silver $20•230.
$1•205. €1•186.
FF +26. DF -10.

Mrkts in Asia are flat as pancakes this morning after poor China data KO'D oil prices and commodity linked currencies. Weak demand hit oil prices ($94) extending losses from the previous session. Traders sold Gold futures as it broke below $1800 due in part to USD strength.

Joe B is expected to sign into law today the {Inflation Reduction Act} which includes $430bn of new spending of which $300bn will be allocated to climate change programs.
"Nothing more than a tax and spend package that won't reduce inflation" said the Director of the American Institute for Economic Research.

They also advised Investors to invest in 'real things' like precious metals, farmland and commodities during periods of high inflation as stocks dont do well in these periods. Michael Aston Principal of Enduring Investment LLC said "we have not seen the end of inflation and the White House should stop 'wordsmithing' its way around economic problems.

Morning all.

A mixed to mostly up start to wk 33 trading in Asia and Pacifica. Traders warn about the US / Taiwan spat escalating which is not being helped by fresh covid restrictions and lockdowns in several Chinese cities keeping many investors at home.

Tokyo is having a good day up over 330 in the morning session. Optimism for economic growth and easing inflation attracted investors into the market. Japan's y-o-y inflation rate in June was 2•4% just as the 225 turned positive ytd.

The PBOC has unexpectedly lowered two of its key rates as it ramps up support for a teetering economy. Alarming news on the economy prompted the cuts as industrial production, retail sales and mortgage loans slowed. Chinese property prices fell for a 10th month. The Bank withdrew money from the system hoping to revive credit demand.

At mid'day the Nikkei was 330 ahead lagging behind was HK off 56 and Shanghai down 2. The ftse is called up 39 the DJI off 65. Gold has started the week $5 lower at $1810 and oil off a $ at $97.
Morning all.

I think the less we hear about bloody India the better! Pointless pinning our hopes on an event that could be years and years away with a hugely uncertain outcome. My 2 pence worth? We have better prospects in WA which i'm sure MB is doing his best to accrete in the face of an uninterested mrkt. Its a big ask but that's what MB gets the big bucks for.

I'm always a happy bunny LH. You make some very valid points especially on using rate hikes which seem to be the only way the Fed use to quash inflation despite the damage it does to people's finances and mortgage repayments etc, which let's face it the fat cats at the BOE dgaf about. Rates are heading to 3•75% across the pond and inflation at c.10% is hardly a success story. How are they going to square that circle?

Consumers are withdrawing from the rip off supermarket prices in their droves. My neighbourhood resembles the days of lockdown. The shops are empty as consumers await these huge cost of living rises by saving every penny they can. Scrimp and save. I'm bloody doing it!

I hope the most needy will receive the support they deserve but many will never get the headline amounts as they fail to cross the myriad levels of benefits to get what they are entitled. That's assuming they even know how to apply on line. I did a dummy run and gave up. For instance i'm not on Universal Credit and recieve nowhere near the amounts some do, that's OK as I'm single and live a spartan lifestyle and can just about keep the wolf away from the door.

I fear for many when these bills start dropping through letter boxes and the inevitable demands for late or non payment might lead to people being compulsory cut off..... the Bailiffs called to enter people's houses to change meters and locks which they are legally allowed to do. It's going to get messy, very messy.

Everywhere you look or read Britain is uckedf! You can't travel more than a couple of Stations you didn't want to go to even if you could afford it before the train, plane or automobile breaks down.

You certainly can't visit A&E or your local GP, they are off limits and going private is out of the question unless you can afford a £2000 pen to sign the the rip off bill. Waiting lists reach out to Rwanda and all points South. So its the same all over Europe as well? Yup pretty much, not helped by Putin, Ukraine war, covid hangover and the balshie French causing delays.

And yet the BOE forecast a shallow recession. Employment is high (it is cos your terrified of losing your poorly paid job). If you cannot get a raise and inflation is eroding your wealth it better be shallow. As long as you can somehow survive the cost of living crisis we all face this and next year, all will be well... so say the BOE bigwigs. I'd be looking at America for the lie of the land than listen to Bailey especially after his apocalyptic forecasts on inflation and the rate hike to 1•75%.

Contradictions abound as the talking litteratti pontificate on endless talk show panels. Rushi and what's her name oh yea 'no hand outs' Truss disagree every day on whats best to do. We know the best candidate to win for the Tories kicks his heels in the no man's land of Downing St. Paralysis by analysis rules, ideas to ease the crisis are made on a looney tunes basis. One blinder was Boris giving pensioners a petrol voucher ffs!

Fresh ideas or solutions? There are no workable or palatable ones. Capping bills for 2 years is a non starter it only stores up trouble later on. Helicoptering money could work if enough cash was disbursed but likely to cost £50bn+ and what's her name has ruled out that option. Just as well cos there ain't enough money in the kitty.

One can't help wondering 'some' who shall not be named have a death wish, more interested in keeping Rushi out than beating gawn missing Starmer. God what a mess.

Cora Gold recently issued an updated report on their WA Sankoro project in Mali. The MRE came in at a 14% increased 920 kozs, the stock slipped on the news to below 5p.

Notwithstanding the politics of Mali, Russian dimension, Cora future funding and an unloved sector, I expect the mrkt will react much the same when MB updates us on Labola/Bassala. At least we have no funding issues at present having secured an $18m non dilutive Farm Out agreement on Labola. We also have operator status and a 50% stake in Kalaka / Nigeria via new entity Maniger.

None of the above is reflected in the current value which is c.50% cheaper than one year ago. Sooner or later the mrkt will re-appraise our worth
(if its doing its job) and we can move forward to the next stage. India is thrown in for free and in my book is worthless until told otherwise.
Morning all.

What happened to the £7500 profits a month man? Has he lost his marbles?

Cora -48%
Glds -47%
Hum -40%
Orr -48%
Pat -49%
RRR -10%

Gold -1%
Copper -17%
Oil +26%
Palm -17%
Silver -11%

DJ +424 (33,761)
SP +73 (4280)
NS +273 (13,566)
R2 +23 (1288)
WTI $92
10ytb 2•839%

MSCI(W) +32 (2835)
Gold Bugs +5 (214)

Close:- Vix 19•5. Brent 98.
Gold $1819. Copper $3•679
Palm $1090. Silver $20•835.
$1•214. €1•183.
Morning all.

Still a determined seller(s) out there which is not surprising given the lack of news flow. Kinda surprised with some imminent news about to land that the seller(s) cannot wait for what we expect to be good news.

1) Apple ($2•7tn)
2) S/Aramco ($2•4tn)

48) AZ
51) Shell
87) Hsbc

1) AZ (£168bn)
2) Shell (£161bn)
2) BHP (£114bn)
3) HSBC (£103bn)
4) Unilever (£102bn)
5) Diageo (£89bn)

645) Hummingbird (£36m)
646) Tirupati Graphite (£35m)

DJ +27 (33,337)
SP -3 (4207)
NS -86 (13292)
R2 +8 (1265)
WTI $94
10ytb 2•879%

MSCI(W) -1 (2802)
Gold Bugs -3 (209)

A mixed picture across Asia this morning with most exchanges marking time. Tokyo returns for business after a one day holiday break is up 660 at the mid session. Tamer than expected inflation data out of the US boosted hopes of easing rate hikes.

The Nikkei is at a 7 month high boosted by Softbank as it booked a $34bn gain on trimming its stake in Alibaba Group. Autos, Techs & Banks were well supported with Dowa Holdings (+11%) topping the leaderboard.

Australia (-45) struggling to hold the 7000 level has given up yesterday's gains on weakness in Miners and oils. Golds were mixed with tech mostly flat.

Latest: Vix 20. Brent $99.
Gold $1806. Copper $3•682.
Palm $1090. Silver $20•265.
$1•218. €1•181.
FF -6. DF +13.
Morning all.

DJ +535 (33,310)
SP +88 (4210)
NS +370 (13,378)
R2 +27 (1256)
WTI $92
10ytb 2•788%

MSCI(W) + 60 (2803)
Gold Bugs +2 (212)

Latest:- Vix 20. Brent $97.
Gold $1801. Copper $3•645.
Palm$ 1035. Silver $20•450.
$1•218. €1•185.
FF+16. DF+100.

US inflation data eased slightly the CPI rose by 8•5% y-o-y in July a slower annual increase compared to June. Hopes are that the pace of price rises has peaked and started to decelerate. Stocks bounced on the news to the highest level in 3 months. Techs roared back into Bull territory ending the longest NSDQ bear mrkt since the 2008 financial crisis.

However the data is unlikely to present a large enough shift to stop the Fed forging ahead by tightening monetary policy at the next FOMC meeting in Sept. Sentiment remains shaky at best as inflation is still at a 40 year high.

Morning all.