Member Info for JohnLewis79

If your a holder here Mpe F/Y nos make for depressing reading as we are going to fall a long way short of their impressive results. A 30 dividend and a near £11 nav for starters.

26% down at open.

Good excuse, as if they need one to shake a few more 'loose' holdings!
As the RNS confirms what we expected anyway nothing has changed in my view. If there is a big fall will have to sell some shares in other holdings to add here but will need these to fall to sub 10. The shorters have been given a lifeline.

Oh dear about to get a lot more messy. Given the corner PAT has been backed into they have no option but to see this through come what may. TBH the less I hear about bloody India the better.

Picked up a few more early on which will be my last purchase here lowering my avc a tad but still in the red. Better volumes yesterday at c.654,000 traded (UT 15•80, volume 36,000). Should move on from here if loose holders and shorts closing have had their fill.

Cheers nobull I'll have to start swatting up on Coal! If Palm is anything to go by vis a vis the sp probably no point.

Rea 85 (59)
Cpo $655 ($1166)
Cif(R) $1180e

Oil $26
Gold $1557

Ftse 4999 (-196)
All 2728 (-109)
DJ 18592 (-582)
SP 2237 (-68)
NS 6861 (-19)
R2 1002 (-11)

$ 1•148
€ 1•067
IDR n/a

Anglo 395
Dkl 1•85
Mpe 452

Global equities hit a 52 low the Dow down 9946 and the ftse off 2548 both falling 34% which proved to be the low for 2020. By the close of the year the Dow had hit a record close of 30,606 (+7%) with the 500 (+16%) and Nsdq (+44%) both in record territory and the ftse ended at 6461down 14%.

Covid-19
05:00

UK 4,301,925 (126,172)*
Indonesia 1,465,928 (39,711)•

* 5342 cases
* 17 deaths
• 5744 cases
• 161 deaths

DJ +103 (32731)
SP +27 (3941)
NS +220 (13087)
R2 -19 (1336)
WTI $61•47
10ytb 1•671%

Nos:- Oil $63•97. Vix 19.
Gold $1735. Copper $4•097.
Palm $1166. Silver $25•650.
$1•383. €1•159. IDR 14,420.
MSCI(W) 2810. FF -39. DF -58.
Morning all.

Covid-19
06:00

UK 4,296,583 (126,155)*
Indonesia 1,460,184 (39,550)

* 5312 cases
* 33 deaths
• 4396 cases
• 103 deaths

Mpe report F/Y nos on Tuesday and will have little baring on REA accepting the Mrkts reaction to their nos will be of interest. Their 2020 results pleased the mrkt and Mpe shares closed 50 better at 506 on the day and traded over 600 a month later, while REA went from 100 to 54 impacted by the $50 fall to $611 in the cpo price and news of an ii selling out.

I note I bght 2000 REA at 49•25 can't imagine what possessed me! Mind you almost within •50 of the low for the year and since to date so got that part right. I of course thought I'd cracked this investment thing and cont to add at 52,54,55,48,55 as the stock traded 65 and in profit kidding myself there was more to come.

However my averages were spoiled by purchases back in 2019 at 133 and 159 which skewed my averages, since worsened by trimming at 56, leaving me well out of the money and in a quandary as what to do next. Jumping out of here into a high risk miner hasn't paid off as I'm 40% down on that bet in 3 weeks. Boy I can pick'em.

Waiting for either to come good looks more hopium than realism. I'll never learn, a fool and his money.....grrrr!

Covid-19
05:00

UK 4,291,271 (126,122)*
Indonesia 1,455,788 (39,447)•

* 5587 cases
* 96 deaths
• 5656 cases
• 108 deaths

The India debacle will rumble on despite previous overseas companies having problems. PAT went ahead presumably having some assurances about the licensing. Not every UK or other companies have come a cropper in India so this may be just mining, commodity focused problem though I doubt it.

I was a holder of a UK Gaming Co seeking to expand into the $bn Indian gaming mrkt in the mid 2000s. Sportech a gambling and sports betting company spent years in India attempting to get a Football Pools license set up with an Indian operator. After 5 years of frustration Sportech threw in the towel when rules were changed overnight, 'obstructions' were put in their way by other illegal Indian underground street bookmakers of whom the Courts had no control over and delay after delay in hearing of appeals finally ended Sportechs Indian venture and at considerable cost. PAT may get lucky but the Omens are not good.

Me, I'm forgetting about India they are not in the business, contract or no contract to do overseas companies any favours or play by the rules.

Rea 85 (56)
Cpo $666 ($1119)
Cif(R) $1160e

Oil $27
Gold $1489

Ftse 5191
All 2837
DJ 19174 (-913)
SP 2305 (-104)
NS 6880 (-271)
R2 1014 (-45)

$1•172
€1•072
IDR n/a

Anglo 420
Dkl 1•90
Mpe 449

Pubs closed today (Friday) at 10:00 pm and the Dow tumbled 900 in sympathy. More bad news was on the way as the virus spread across borders. Gobal cases hit 786,000 and 38,000 fatalities as of end March.

Cases had been rising alarmingly spreading like wildfire across Europe and by the end of April global confirmed cases hit 3•220m and 228,200 deaths (UK 165,200 cases and 26,100 deaths). The US late to acknowledging the severity of the virus became the epicentre with 1,065,000 cases and 62,000 deaths reported.

As we now know it was going to get a whole lot worse.

DJ -234 (32,628)
SP -2 (3913)
NS +78 (12,867)
R2 +4 (1355)
WTI $61•44
10ytb 1•726%

Nos:- Oil $64•46. Vix 21.
Gold $1744. Copper $4•104.
Palm $1119. Silver $26•235.
$1•386. €1•165. IDR 14,405.
MSCI(W) 2803.

Morning Sre85, not a profitable day yesterday, best I could do was 3 places so overall a losing meet but not too disastrous, unlike here (currently 40% down). A few pints would have helped me to overcome my depreciating bank balance!

That was yesterday. Monday could be better or worse i don't know, one would think the gloom has been overdone and a bounce is overdue but I'm resigned to it falling further. (bounces don't happen to me) Drill results will be crucial so sometime in H2 we will have a better idea. Until then its a hold for me with a buy sub 10 or lower if the barrow boys continue to take it down.

Can't say PAT has been one of my better picks (so far) but bang on my average of a stock going South as soon as my names on the share register, like almost immediately and like 6 out of last 10! Don't know why this happens to me but apparently its not uncommon among investors i have spoken to. Could be I'm being paranoid and dreamt the whole thing up?...

Not having had a decent winner for a few years now and one disaster, is probably making me over pessimistic and resigning myself to everything I touch goes down and stays down. Not the best place to be but whats a poor boy gonna do?

Covid-19
04:00

UK 4,685,684 (126, 026)*
Indonesia 1,450,132 (39,339)•

* 4802 cases
* 100 deaths
• 6279 cases
• 197 deaths

No point in commenting on the sp it represents who knows what (ring me if you know). Think I'll put an X instead of the sp or better still put X56 kinda like a U Boat heading to the bottom to escape the depth charges being loosed off by investors. Anyways trading volume was just 64,162 traded, buys outpacing sells by 2•4:1 shares down 2 at X56.

Cpo closed $22 better on the session but $11 down on the week the first time for months. Ytd cpo trades at $1,117 up $139 (14%) and averages $1023 v last years $718 up (42%). Crude slipped over $4 (7%) on the week mainly over fears of poor summer demand in the US and more lockdowns in Europe. Crude has been one of the best performing commodities up 24% ytd.

The KLPI closed 39 up on the week but still c.2% down ytd and 300 off its 52 high. Plantation stocks as in the UK are unloved and unwanted. Other London palms barely broke a sweat, Mpe led the up moves putting on 15 to 615 and as with Anglo & Dkl considerably higher than on TWTDTW a year ago where X56 lies holed at the bottom of the Baltic Sea.

On week 11.
Ftse 6709 (-52)
All 3862 (+11)
250 21420 (-86)
SC 6769 (+43)
Aim 1199 (+8)

Evening all have a good lockdown wk/end and thanx Eng for doing us a favour last Sat.

c.53,000 sells at 11•80 went in at 4:30 which looks like forcing me to buy in on Monday if the down trend continues at this rate. A 6+ fall on the week looks like a tree shake by the jobbers using India as an excuse. Could be to fill an order or top up their saddlebags with cheap stock.

Fair and reasonable comment Sre85. Holding longterm has been proven to be the most reliable way of making money in the Stock Market if your holding a reasonable spread of stocks.
I don't day trade as I prefer to spend my time down my local enjoying a beer and a bet when I could of course. Showing a small loss at Cheltenham atm where I have a poor record of only 2 winning meetings out of last 8. But one was a 5 fig winner which paid for a lot of subsequent losers....gluck if your betting today.