Member Info for JohnLewis79

Shanghai is up for the 6th straight session as the City celebrates reopening for business ending 2 months of lockdowns. Infections have fallen from 20,000 in April to a handful last week.

Much to the relief of the city's 25m inhabitants public transport is up and running but people still have to provide a negative covid test if travelling due to the Govt's zero covid policy. Yet 3 million people living in high risk areas remain quarantined for the time being.

Dining in restaurants is still banned and shops can operate at 75% capacity, gyms and cinemas remain closed as are most schools which will reopen in stages. People are being urged to return to work so as to revive a shrinking economy and ease the supply chain logjams. "No'one wants to hear about covid, its full steam ahead" said a local official.

At mid'day Shanghai was flat the 225 up 120 and HK down 160. Pan Pacifics were ahead on the Shanghai news. London is called up 32 ahead of a 4 day holiday and the Dow 140 better.

DJ -223 (32,990)
SP -26 (4132)
NS -39 (12,642)
R2 -13 (1236
WTI $115
10ytb 2•869%

MSCI(W) -24 (2791)
Gold Bugs -6 (254)

Morning all.

Indeed etj7777, hopefully attendees will be encouraged to get their buying boots on which recently has mostly been pis putting their hands in pockets.

I jest of course, pis are fighting a mrkt of overflowing fruits mostly among the big caps and the pickings are slim. So imagine what it's like among the 10 trades a week ner'do wells on the rotten fruits of Aim.

Have to say if your marooned here like me the desire to abandon ship is ever present in the face of zero interest and twiddling thumb syndrome. We know things can change in an instant and ideally one should look to 2024 and not be reliant on the occasional RNS to move the sp •125p up or likely down as is the case with PAT during the next 6 months.

I accept the Corporate presentation reads well for those not too disheartened to read it but whether it was necessary i seriously doubt!
Anyways imo, more PR than shape-(Sp)-shifting but accept the board need to drum up interest and business anyway they can because only the diehard desperates are interested.

This may be a start to redress the poor performance but whether its the catalyst the shares need I'm undecided. Maybe you can tell me?

OH good...I can sleep well tonight!!

With no help from the Street mrkts trended mixed to higher across Asia as sentiment was boosted with news that lockdowns will cease on Wednesday in the big commercial hubs of Beijing and Shanghai. Further stimului are planned for an economy which has been hammered these last 2•5 years by way of pumping money into small businesses and relief of overdue taxes.

A 50 point plan to revitalise the economy includes speeding up approvals for building projects in the property sectors and banks to renew low rate loans to companies and to citizens and waive debts to those unable to earn a living.

Shanghai's economy is worth $600bn so it's imperative the transport system and shopping malls are up and running to get people back to work after the 'restrictions'. How this will affect people who have struggled to find food and cope with 'isolation' traumas are yet to be calculated.

London is called flat and the Dow off 90 as the big 3 Asian stock markets seek direction.

Morning all.

Results from Cora Gold this morning. Checkout the terminology used under the heading 'Selin Geology'. I defy you to understand the gobbledygook phraseology.

How on earth pis are meant to understand let alone make an investment decision is a mystery to me. I guess that's the point they don't want you to.....avoid like the plague!

Its a bright start to trading across Asia this morning led by Tokyo which trades significantly higher (+2%) on back of gains in techs, motors & retailers. HK, S.Korea and Taiwan are ahead mirroring gains on Wall St but Shanghai still down 13% ytd is subdued. Oils and Mining boost the ASX 200 up over 74 in late afternoon trade.

A weaker USD and falling bond yields helped Gold to $1860 but the global Bear rally in equities hit sentiment. Analysts forecasts for int rates are confusingly mixed for 2023 ranging from 1% to a high of 4%, as among forecasts for the Gold price....take your pick the Bears at $1800 the Bulls $2750.

The ftse, surprise, surprise the best performer of the major mrkts this year starts wk 22 up c.3% ytd against the S&P 500 down 13%. June is a neutral month on the 500 posting 38 up months and 34 downs (last year up 26). Futures call London up 6 with the DJI 40 ahead.

Morning all.

So did you "Sell in May" and go away and are you coming back on St Leger Day? Had you done so you gained just 236 on the Dow despite stocks slipping briefly into bear territory in late May rattling investors. Many were quick to call it a stock slump, a temporary reversal which will return to normal if the Fed can get inflation under control.

Meanwhile more than $7tn had been wiped off blue chips owned by c.140m Americans yet failed to panic most small investors out of equities, as the wealthiest 10% own 80% of stocks which hints why a bear mrkt is low down the list of most ordinary peoples concerns.

And it's not just stocks, sales of new houses were down 27% in April as was used car sales and consumer confidence fell 10% in May as most cut back on spending as prices rocketed up leaving their shopping trolleys bare. With inflation double the Fed's target (it excludes food, energy & petrol) so not much bloody use, it looks as though the Fed will cont to raise rates for the foreseeable in 25-50 basis stages.

So your guess is as good as mine that the bull run in equities is over (it sure looks like crypto is a busted flush) and the mrkt is headed down to pandemic (18,000) lows. My guess mrkts will muddle through this year as long as company earnings dont get mullhered, Ukraine gets sorted and a self fulfilling share crash triggered by traders is avoided.

It's worth noting that of the last 10 bear mrkts c.10 months is the average duration. The last sustained one was in 2008/9 so maybe the bears are right this time round and investors are staring a bear trap in the face they just don't know it.

Morning P. I dont like unit trusts or funds etc I much prefer to make my own decisions as to where to put my money as I'm sure a Fund Manager can lose as easily as me. Apart from that I don't want to harbour a grudge when my fund/tracker goes t's up or underperforms. Being in control for good or bad is very important as far as I'm concerned as I won't have to bother with hidden fees and annual increases whether a fund is doing well or not and from what I've read their record is not stellar.Won't suit all but passive investing is not in my make up. If I'm going to fail I'll do it on my own terms for i sure dont want to lose any sleep wondering where my money is going. I get why its a popular route. WB advises investors to buy an S&P tracker and let the mrkt do the rest. I just wonder whether he has ever bght one? He's the greatest allocator of capital known to man, so I doubt it he would leave it to others. Finally do your 'own thing' it's much more fun!

Had some RR a lot higher I might add and got fed up bailing out taking a £500 loss. Nearly bght back at 82ish but decided against. In with Gama Aviation at 60 hoping 2022/3 will be the turnaround for a poorly performing stock these last 5 years.
Fundamentals look good and GP margins are excellent. Good spread of businesses if covid, inflation and flying takes off this and next year. A good recovery stock imo.

My avc is 13•43, my lowest buy at 7•75 (from memory) and like you funds are constrained though I have earmarked some for an aviation stock which I intend to buy on Monday....I need to diversify...heh heh heh!!

India is a black hole where anything could happen at a moments notice so has to be a strong hold and the current sp looks way, way oversold....

PAT
Wks 1-21
--------------
Trades 493
T/vol 10•256m
Buys 3•656m
Sells 6•600m
Sell 64%

Wk 21
---------
Ftse +195 (7585)
All +138 (4177)
Aim +11 (958)

Dow +576 (33,213)
SP +100 (4158)
NS +405 (12,681)
R2 +28 (1249)

TK +43 (26,782)
HK +20 (20,697)
SH +21 (3126)

MSCI(W) +59 (2803)
Gold Bugs +1 (260)

Gold ($1851) +6
Oil ($115) +3
Palm ($1720) +130

$1•262
€1•176
10ytb 2•745%

Morning all.

Blimey Pollack...are you hoping the sp goes lower?

Shares down 7% on well trailed results so nothing new there. It was always going to be about 2022/3 so if your of nervous disposition best move on now.

Your typical end of the trading week with most of the stocks I follow in the red. I could write the scripts as mrkts are so predictable come end of week.

Must be very frustrating for traders but I guess most close on Thursday and take the wk/end off....I know I would.

PAT showing some signs of life albeit nothing to write home about atm but that applies to all WA stocks. This is turning into a much longer stay than when I was buying at 18,17,16....and looking at 30.

Oh well, plenty of time to come good if investors can stay the course and methinks those still holding can and will!

DJ +517 (32,637)
SP +79 (4058)
NS +333 (12,277)
R2 +25 (1221)
WTI $114
10ytb 2•749%

MSCI(W) +44 (2744)
Gold Bugs -2 (259)

Stocks closed higher yesterday as 10 of the 11 S&P sectors finished better. The Dow climbed 517 to 32,637 its 5th straight on hopes inflation may have peaked. The Nsdq put on 333 and the 500 ended 2% better at 4058.

As Q1 nos have all but ended Stores gained on back of optimistic noises & better nos from Macys (up19%) & Cruises benefitted on the Summer bookings season. Apple, Amazon, Alibaba and Tesla led the oversold mega caps.

Home sales have plunged for the 6th straight month and mortgage applications are down c. 26% as buyers recoiled from surging int rates as monthly payments have risen 50% in 8 months.

Despite a relief rally from 31,250 lows on the Dow which nearly entered bear mrkt territory last week, equities are mired in ytd lows as the Fed are poised to raise rates by 50 basis points in the coming months. Not what investors want to hear.

Morning all.

Asian & Pan Pacifics are mostly higher in early trade despite negative cues from Wall St overnight which remains decidedly downbeat. Traders are waiting for the minutes of the latest Fed policy meeting which could shed light on interest moves and inflation. No change is expected.

At mid'day Tokyo was 33 better, selling pressure was light and Shanghai up 13 trades in a 15 point range at lunch after news Biden might drop trade tarrifs on China. HK has fallen over 600 in two sessions and rests around 20,100 as mainland sellers cont to sell distressed property stocks. HK is having a horrid year trading near a 3yr low.

Sydney leads Pacific mrkts the ASX up 56 as miners off'set losses among techs but still remains 4% down ytd. Currently Dow futures call London up 75 and Wall over 105 points better at open.
Morning all

Unfortunately holding stock in Small Cap Aim companies means sp action and trading vols are way way less than stocks on the 250, Ftse etc.. For instance GMMAs 90 day av volume is only 8000 shares so without constant news flow the sp rarely moves outside of RNS notices.

With a low mrkt value of £42m and declining revenues in the last 5 years I think Gama is now undervalued and imo trades at a goodly % below fair value. But its not all roses as net debt of c.$48m is a worry without a major recapitalisation should creditors come calling as liabilities swamp cash and receivables. However I think that's very unlikely.

So that aside, I'm sure GMMA will out pace others despite its poor performance over the last 5 years, as the Co is on a much sounder footing now. Given its spread of businesses here in the UK, US and UAE take over prospects are a real possibility at this price.

A quiet start to trading in Asia this morning. Tokyo is higher (+133) as restrictions on border controls are eased and the scrapping of covid tests for arriving travellers boosts sentiment. The 225 is off 7% ytd tracking moves on Wall St.

Hong Kong falls (400) on profit taking after a big rise on Friday while Shanghai despite the sudden rate cut to 4•45% in an effort to stem the collapse in home sales down 47% in April has seen Shanghai cooling after a two day rise of 2% on Friday.

Australia is modestly higher after the election of a new Labour Prime Minister. Energy and iron ore prices are ahead as the ASX trades around the 7150 level still 4% lower ytd.

A late Friday turna'round on the Street boosted Futures in London and NY. London is called 42 better and the Dow up 200 atm.

Morning all.