Member Info for JohnLewis79

Morning mcco, luckily for me Gama wasn't on my radar 5 years ago though that didn't stop me losing bundles on med device stocks and blue sky-no-hope-miners!

Hope you recover some of your losses in time but in the small cap sector we're fighting mrkt indifference where just about the only thing that will move an sp is a bid and they don't come along very often.

Though in saying that one of my long'term holds just rec'd
a bid 170 above what I paid.
Was I in? Was I ucfk! Grrrrr!

If the mrkts response yesterday to Cora Golds nos was anything to go by (up •15p), don't expect much when PAT reports. They don't want to know about Gold ($1827) atm in the face of the Fed's aggressive stance on rates which..... if real rates continue higher potentially to 3%, this will be bad for Gold Bugs

Evening mcco...
True, but I'm not too worried about paying a 52 wk high, if I did I'd never buy a share for waiting for the price to go down. I don't view buying or selling stocks against high/low parameters, more on what i consider the share is intrinsically worth and hopefully what the sp will be two or more years down the line.

The stock may well be at a 52 high but in 2 months time it could well be at another 52 high, no'one knows. I haven't been invested here long enough or accumulated enough shares to smooth out the ups'n downs so it's very much a case of buying now and hoping I've called it right. As most of don't have crystal balls to help us its about all one can do.

I think those who think Gama shares are hard to come by have been misled. Not saying you can pile in and buy 100,000 but 5000+ the jobbers will accommodate you without moving the price too much against you. I picked up 5,000 this afternoon with no hassle.

Bullish F/Y results from Cora Gold this morning confirming an updated MRE of 21•9mt resource for a total of 809•3k ounces of gold surpassing expectations. Wonder what the mrkt will make of that?

HK, SH & TK mrkts we're mixed at mid'day following Wall's bounce on Friday. Only Tokyo of the big 3 is in the black. Cost of living, inflation and rate hikes cont to play on investors minds keeping mrkts subdued, though the latest US CPI data confirmed a slowdown in inflation, so its expected larger 75 basis point hikes are off the table for now. Across Pacifica Sydney trades slightly better as Jakarta, Singapore and KL are closed.

Among commodities Gold suffered its worst week in a year, is down $3 at $1805 as traders call $1790 the next support level. Long'term bears of the Gold stuff see $1300 for the precious metal within 5 years. Brent slips $2 at $109 and Palm closed up $40 at $1730.

Futures call for a weak opening in London currently down 33 with Wall off 135.
Morning all.

The Dow closed wk 19 at 32197 for a 702 points loss on the week, the (S&P down 99) and Nsdq off 307. Ytd's as below:

DJ (-11%)
SP (-16%)
NS (-24%)
R2 (-15%)

Ftse (+•46%)
All (-3%)
Aim (-21%)

In NY all S&P sectors closed higher on Friday slowing down a brutal April for mrkts where the DJ lost (5%) & the SP (9%). Among unloved stocks Apple gained 3% with F/bk & Nvidia climbing 4% and 9% but the big mover was RobinHood jumping 25% when Crypto CEO acquired a 7•6% stake in the Co worth $648m. Going down Twitter slumped c.10% when Musk announced a standstill in his $44bn take-over deal for the Co. Twitter fell 20% to $41, Tesla closed at $776 for a 5 day fall of $60 and ytd off 36%.

Mrkts are not out of the woods yet with inflation and cost of living dominating peoples concerns. Mrkts tend to bottom out around 25% off highs (assuming no recession) so ways to go for the Dow and 500 but the Nsdq is perilously close to posting 2 negative GDP quarters.

Have a good wk/end all.

Wks 1-19
PAT
------
T/trades c.459
T/vol c.9•131m
Buys c.2•854m
Sells c.6•277m
BvS (69% sell)
-------------
Gold $1810
On wk (-$73)
(ytd -1%)

Exciting times ahead for shareholders.

Well thank you Prof. I have been cutting down on the dailies I think 3 posts a week is ample. I might increase if PAT ever hits 10!!

Apple stock ($142) has dropped 21% during the tech mrkt rout these last 6 months. This has pushed the stock into bear mrkt territory as its value has slumped to $2•37tn.

This has led Saudi Aramco to become the world's most valuable Company ($2•43tn) due to surging oil prices this year. Aramco is up 26% ytd.

Futures pointing to a bright start to trading today, early indications are for the ftse to open 60+ and the Dow 210 better. Stocks in the Far East are sharply higher (+630) led by Tokyo.
News that the Govt will be implementing new policies to promote growth sent the 225 up over 2•8% in morning trade. HK & Shanghai followed suit as did Pan Pacifics.
Overnight the Dow closed 103 lower having been down 502 at one stage and the Nsdq 100 cut losses to 22 after losing 253, the days low.
Morning all.

Indian consumers are turning to Malaysia for their palm oil due to the erratic export policies of the Indonesian Govt. It's very likely that
Malaysia will emerge as the bigest supplier to India the world's top buyer of edible oils.

Malaysia intends to cut palm oil export taxes by c.50% which could see Indonesia's share fall to 35%, down from 75% a decade ago. Indonesia's dominance across S.E.Asia is now being threatened unless they lift the export tax ban.

Despite having enuff PAT to paper my sitting room wall and not registering a single "up" move from 18, I like you machismo have serious misgivings. Not so much that PAT's assets won't produce in time, more that the mrkt won't rerate and for sure not to my liking.

There is previous form on this score as those who have been here for sometime will attest to. The FOMO is in part keeping me invested as is Bhukia. Unfortunately my other interests are in no way making up for my 45% tanking here.

Its the worst possible situation for an investor to be in, underwater, locked in and praying for outside help.

Morning all

That's a very handsome div Tartine and well rewarded for you sticking with G when most were getting out, me included. Av downing over the years looks like it's going to pay off big time and better if you reinvested all your dividends (4 years worth?)

I sold out in the 280s from memory taking a substantial hit but have been back in for about 6 months with a lot less shares I might add! I doubt the 20p sell off in May will materially effect the sp come year end as G is throwing off so much cash and yielding c.10% its a cash cow i want planty of.....and where can you get that % return on your money? You should buy for the div alone! As to the hysteria over the Sarta test results....what a joke!

While capital appreciation has been underwhelming for many years at least income appreciation is taking up some of the slack. Of course Somalia could turn out to be a low cost Goldmine but it's years away from production and not priced in, though the region is in serious need of development. As the political situation stabilises outward investment will start to flow in and G are well placed to be a first mover bringing jobs and investment.
Morning all.

Perhaps like parts of W.Africa low rainfall is impacting ffb's though I doubt it's the main reason for the drop from 208 in early April to current. That fall would include some hefty profit taking.

Should be an interesting day today with a rally of sorts in London. Hope it includes us!

Where is the bloody oil more like!

Not sure why REA has been clobbered 24 since end of April but looks well oversold at that price. A late reported buy of 50,000 at 170 yesterday may steady the ship this morning.

Dow called up 146 and the ftse to open down 1 atm. Whether the falls are over we will have to wait and see as this could be a dead cat bounce with any nos of trip- ups around the corner.

The Dow has slumped 1815 points (5%) since last Thursday taking the falls ytd to 11% with similar falls seen on the Nsdq though on a ytd basis the Nsdq 100 has fallen over 25%.

It's a brave man who buys this dip, given the above I'd prefer to wait and see as the Asian mrkts though recovering a little rhis morning they are still falling, the 225 is off 200, HK down 565 and Shanghai up 5.

On an aside to LH points, May has been an ok month for the SP500 showing an av return of c.•20% with plus months outweighing down months by 43 to 29. Over the period the best being 6% in 2020 and the worst 8% in 2010.
Morning all.

Going against the days falls PAT put in a spirited performance in trade volume terms, where buys outpaced sells by 65,141 to 194. Just 8 bargains reported, shares slipping •05.

The ftse closed down 171, the days low and Aim fell 16 taking the ytd fall to 20%.