Member Info for JohnLewis79

MSi holders will receive a 7•5p
Final Dividend on the 12th Aug making 9•25p for the year. MSi paid out c.£14•8m in dividends from annual revenues of £75m. The basic eps is 31pps/pe/10x and yields c.3•20%.

MSi EV is c.184p. Its a more accurate method to use as it accounts for debt less cash & equivalents in the valuation. A lower EV to Mrkt Cap is usually preferred by investors as its considered a relatively safer investment. MSi mrkt cap is c.290p.

I read somewhere one analyst considers MSi to be overvalued by some 100p. I guess you pays your money and....but I warn you they tend to be US brokers whom you will have to subscribe and it won't be free, so beware.

I think I have enough info on MSi to make an investment decision without paying for the privilege. I'm holding!

Latest announcement brings the total US security assistance to Ukraine by the Biden admin to more than $9bn. This includes precision guided missile systems of which the US has provided multiple hundreds in recent weeks as well as other armaments.

Be interesting to know if any MSi defence kit has been used as we can supply land based tried and proven equipment to combat any threats.

DJ -58 (32,774)
SP -18 (4122)
NS -151 (13,008)
R2 -18 (1229)
WTI $90
10ytb 2•786%

MSCI(W) -15 (2744)
Gold Bugs u/c (210)

Only Singapore is trading ahead this morning. Tech lead the declines across mrkts mirroring their peers on Wall. Weakness in Micron Technology and other chip related stocks kept traders on their toes ahead of crucial CPI data out later today.

Traders are hoping for signs that inflation eased in July. Yet
most think its a racing certainty the Fed will continue their aggressive rate hikes in the face of increasing prices .

Latest:- Vix 22. Brent $96.
Gold $1807. Copper $3•566.
Palm $1100. Silver $20•465.
$1•208. €1•183.
FF-12. DF-3.
Morning all.

US inflation nos due tomorrow. Look for double digit nos!

DJ +29 (32,833)
SP -5 (4140)
NS -49 (13,159)
R2 +8 (1247)
WTI $91
10ytb 2•757%

MSCI(W) +7 (2759)
Gold Bugs +5 (210)

Latest:- Vix 21. Brent $96.
Gold $1801. Copper $3•587.
Palm $1020. Silver $20•670.
$1•208. €1•185.
FF -10. DF +64
Morning all.

Pathetic response from the mrkt I'm afraid however good a company results are, they will be ignored. Its a fact of life these days noone wants to be a buyer of risk assets preferring to load up on t/bills at 2•25% cementing a certain 10% loss. It might make sense to some but not to me!

A very quiet start to trading in Asia and Pacifica with little movement either way but trending lower after mixed cues on Wall St. US labour Dept delivered better than expected employment data for (July) giving rise to concerns about the outlook for interest rates.

The Nikkei has opened better (+68) but off highs, extending gains for the 3rd day boosted by financials but Japan ran a June current account defecit of $980m in June as imports eclipsed exports. In Australia the ASX200 fell below the benchmark 7000 but has moved higher during the pm session. HK and mainland China investors are sitting on the sidelines, mixed to lower in HK (-150) and flat in Shanghai (+5).

Gold ($1789) fell 1% in reaction to the US economy adding 528,000 jobs in July more than forecast which will be challenging for Gold as the mrkt reprices rate hikes as early as Sept.

Brent ($96) is up over $2 in morning trade as traders worry about the looming embargo on Russian crude just as Europe is about to enter the 'heating' season. Coinciding with a natural gas shortage and low global inventories the distillate crunch is going to get worse.

Morning all.

DJ +77 (32,803)
SP -7 (4145)
NS -103 (13,208)
R2 +6 (1239)
WTI $89
10ytb 2•834%

MSCI(W) +6 (2762)
Gold Bugs -2 (205)

Close:- Vix 21. Brent $95.
Gold $1792. Copper $3•551.
Palm $970. Silver $19•860.
$1•207. €1•185.
Morning all.

My concern is other WA miners have been given the 'bums rush' of late and I see no reason for PAT to be any different..... duff sector, duff sp's, well, duff everything.

Like the discerpancy between physical Gold & Paper the runes are against us, so we have to ride it out not helped by the negative sentiment on global mrkts at present. Unfortunately our timing on Gold as as an investment is way out and 2023/4 might see a turnaround in our fortunes but who would bet on it?

Do you have the willpower and stamina to stay the course? Regrettably most of us might be long gone by then, afterall one can stand only so much pain. Given the macro 'horridness' is Gold the place to make one's bed in a very uncertain world?

For those interested in squiggly line theory, moving avs and pivots etc...here's the Zam trading view.

Summary
Strong Buy
10 neutral/16 buy

Oscillators
Buy
9 neutral/2 buy

Mov avs
Strong Buy
O sell/1 neut/14 buy

RSI
68 neutral

P/e
3•6

Any holder still here is imo displaying a lot of patience especially if held since 2017/8. I have only been in from early 2021 when the sp was 18/19 so a 'new boy' so to speak.

I have cut my avc to c.12-13 so massively out of the money. I'm certainly not relying on MB pulling rabbits out of hats or aces up his sleeve to save my skin. No doubt should he prevail we will get a material boost to the sp and sentiment if the terms of any agreement/JVC are favourable to all parties.

I pray he's successful as this saga needs resolving. In the meantime Bassala & Labola MRE/DFS will keep investors on side who should remember we have 8 projects on the boil in W.A.

DJ -86 (32,727)
SP -3 (4152)
NS +58 (13,311)
R2 -10 (1233)
WTI $89
10ytb 2•684%

MSCI(W) +6 (2762)
Gold Bugs +6 (206)

Latest:- Vix 21. Brent $94.
Gold $1809. Copper $3•519.
Palm $970. Silver $20•255.
$1•21 4. €1•186.
FF +6. DF +73.
Morning all.

DJ +416 (32,812).
SP +64 (4155)
NS +352 (13,253)
R2 +11 (1243)
WTI $91
10ytb 2•720%

MSCI(W) +27 (2755)
Gold Bugs -4 (200)

Latest:- Vix 22. Brent $97.
Gold $1787. Copper $3•456.
Palm $980. Silver $19•980.
$1•215. $1•195. FF +5. DF -14.

The win streak continues across Asia this morning after positive cues from Wall St overnight. Tokyo, HK & Shanghai are all ahead mostly on local factors bouyed by advances in financials and techs in HK. Australia sees weakness in Materials and the Mining sector and sits just below the 7000, a few points up on the day.

Gold has stabilised somewhat this week but struggles to hit $1800. With 10/ytb yields down US equities up and the USD easing some analysts predict Gold falling to $1650 by year end as the Fed plots slower economic growth and lower non energy commodity prices dampening advances for bullion.

Demand for Jewelry a driver of gold prices has been hit by a rise in import duty from 7•5% to 12•5% in India but offset by demand from China and the ME. In vol terms demand is expected to be little changed this year.

Morning all.

Gkp completes $100m bond redemption leaving the company debt free.

'Shortly' is mrkt speak for sometime 'never'. Expect H/Y nos in the 2nd wk of Sept 2022.

Comparatives Rev ($93m)/GP ($16•7m)/ebit L$2•2m/ net debt £72m/112pps.

DJ - 402 (42,396)
SP -27 (4091)
NS -39 (12,902)
R2 - 10 (1232)
WTI $94
10ytb 2•709%

MSCI(W) -21 (2728)
Gold Bugs -2 (204)

Latest:- Vix 24. Brent $100.
Gold $1785. Copper $3•494.
Palm $1100. Silver $19•935.
$1•217. €1•196. FF -23. DF+91.

Gold hit a daily high of $1805 on Tuesday on increased political tensions as Nancy Pelosi landed in Taiwan amid China's threats of serious consequences for her visit. Pelosi reiterated the US needs a strong self Governing Taiwan which is facing a mass of export suspensions for their products in China.

Later Gold gave back all its gains after aggressive rhetoric from the Fed who are expected to raise rates in Sept by another 75 basis as they are not done with tackling inflation. December gold futures traded down $10 at $1777. A strong USD continues to be an obstacle to higher prices and gold needs a spark to change the trend signals above $1800 as traders noted a major block occurring at $1831.
Morning all.

Of course the H/Y report is not going to please everyone and the shares have duly fallen on small lot selling. The bare nos are positive in the main and barring a massive slump in the OP look set for a big uplift come year end.

Tbh I'm not that bothered about the lack of a CEO, G has management strength to manage the business until a suitable candidate is found. I see no urgency to a) find someone and b) go on a spending spree with our hard earned cash on indebted companies.

Genel are untested in buying assets outside Kurdistan which should give holders pause for thought. In spite of this we need to increase our barrelage preferably away from the Middle East and in land based areas. Unfortunately others are doing this already and prices are rising.

That doesn't leave a great deal of choice as Russia and China are non starters and the US, Canada & the North Sea will be too expensive to break into. I rule out Kuwait, Iran, UAE & GKP. No doubt we have been looking at Somalia which seems the obvious choice as we're partnered already but it won't be a free lunch.

Sudan is in its infancy, barely produces 70k bopd and W.Africa would be problematic due to offshore & political concerns. Perhaps we should keep the cash and hope Sarta (6) comes up trumps or someone will take a shine to us and give us an early Xmas present or the Bod jack it in and return all monies to shareholders.

Solid H/Y nos from G with an unchanged dividend of 6c payable 14/10. Free cash flow of $129m and forecast to hit $250m by year end.
Net operating profits of $141m (£116m) giving a basic eps of 37p and a pe/r of just 3x. One of the cheapest stocks on the LSE.

DJ -47 (32,798).
SP -12 (4119)
NS -7 (12,941)
R2 +3 (1243)
WTI $93
10ytb 2•549%

MSCI(W) +3 (2749)
Gold Bugs -1 (207)

Latest:- Vix 23. Oil $99.
Gold $1789. Copper $3•468.
Palm $1100. Silver $20•195.
$1•225. €1•192.
FF -56. DF -117.
Morning all.

Will today see a resolution of the long running court case? Few of us have much confidence expecting to be pushed to a Higher Court and more delays.