Member Info for JohnLewis79

Rea 166 (59)
Cpo $803 ($958)

Oil $67
Gold $1518

Ftse 7645
All 4248
DJ 28,645 (R)
SP 3240 (R)
NS 9007

$1•309
€1•171
IDR 13,951

Anglo 580
Dkl 3•60
Epa 0•76
Mpe 750

Covid-19
06:00

UK 2,256,005 (70,405)*
Indonesia 706,837 (20994)•

* 34,693 cases
* 210 deaths
• 6758 cases
• 147 deaths

22/12/2020
Cpo $955 cif Rotterdam
Cpko $1290 fob Indonesia
RBD Olein $860 fob Malaysia

25/12/2020
Cpo futures rose strongly for the second day rising to 3598R pared back later in the day to 3569R on the March contract. Malaysia Dec exports are expected to be c.16% better than Nov nos.

London closed

Oil $68
Gold $1513
Palm $780

DJ 28,621 (R)
SP 3240 (R)
NS 9022 (R)

$1•301
€ 1•171
IDR 13,955

Covid-19
06:00

UK 2,221,312 (70,195)*
Indonesia 700,079 (20,847)•

* 32,725 cases
* 570 deaths
• 7151 cases
• 258 deaths

Adj Cpo nos to inc Far Eastern trading today.
Nov cpo av $916.
Ytd cpo av $728.

Light trading in Asia ahead of the holidays & New Year only Tokyo and Shanghai open for business. In Tokyo real estate, shipping & raw material stocks were wanted. Sentiment was positive on Brexit & the US stimulus bill. On the big board 161 risers & 58 losers, vol 0•26bn traded well down on the average 1•26bn.

Shanghai recovered from the State Admin for mrkt regulation probes into community buying. Six companies were called for talks inc Alibaba.
TK -12 (26,657)
HK closed
SH +33 (3397)
SHZ +18 (2274)
SK closed
JSX closed
Asx closed

Nos: Oil $51•37. Vix 21•53.
Gold $1883. Copper $3•710
Palm $958. $1•361. €1•111.
IDR 14,200.

Moring Bunks, Boyo & other regulars on the G board.....and
H if he reads the posts anymore. Here's wishing you health & happiness, a Merry Christmas and a better New Year for your stock pickings. JL.

Closed.

Covid-19
05:30

UK 2,188,587 (69625)*
Indonesia 692,838 (20,589)•

* 39,036 cases
* 574 deaths
• 7199 cases
• 181 deaths

A quiet end to Christmas week and as i have said for years a pointless half day trading as most pis watch from the bleachers more interested in the price of sprouts, Christmas pudding and last minute shopping than portfolio values whatever....

.... Cpo knew 'whats-what' and ignored the malaise of London mrkts and continued to parts that REA have rarely seen.... ie UP. Closing the week at $961, December has been by a long chalk the best month for cpo, up $100 so far and averages $913 m-t-d and ytd c.$727, considerably higher than 2019 year end which averages between $545-$565. On the bare nos this is a fantastic turnaround from the $470 lows. Someone should tell the market who consistently look the other way when it comes to the demon plam oil.

Anyways, it's not often that ones main reason for living rises hugely in price but sends you to the knackers yard (REAs sp) which Dec to date has fallen 5p and lots & lots on the year. Hopefully better cpo prices will translate into better nos on the YE balance sheet barring any 'smoothing' of the nos. For instance net income which used to be the B all & End all of what pis were interested in to the exception of all others became the standard despite 'realised gains' in certain cases & others being fed into it thus distorting the net income nos giving an entirely false picture. He'll if Enron could fool the best accountancy brains in the business....?

I'm not saying in REAs case, but imo operating earnings which cannot be 'smooched' are by far the most important number and are a reasonable guide as to how the business is doing. Of course what happens after that is hardly the fault of line 2 in the key statistics. On the wk REA volume was c.175k, sells outpacing buys by 3•2:1 for the 2nd consecutive wk. Its pretty meaningless at this time of the year as most pis need cash to cover the festivities and selling is light. I doubt we will get a true direction of the mrkt until well into Q1, until then have yourselves as best a Christmas as you can in these dreary times and have a drink on me. I'll settle up when REA hits 70 sometime in the future...
Evening all.

UK mrkts will reopen on Tuesday 29th, Dec.... in the meantime 'covid rules okay.' As the details of the "its a no big deal Brexit" are yet to be announced the mrkt had likely already priced in the news. The ftse currently u/c and that's a big thumbs up!

For sure 5 years down the line it will be better appreciated but nobody looks that far ahead except sceptics, dodgy mediums at the seaside, necromancers and REA believers.

........4000 lorries stuck in Kentishire.....

REA prefs (81•75) have come down from recent'ish 86 no doubt to pay for Chrissie presents. Very little goes up in Realand these days. Anyone know how the jellybean mrkt is performing, is REA still quoted?
Mogadishu 'One' exchange has REA priced at 1,000,000 shillings. The only note in circulation is the 1000 shilling note of which 95% are believed to be fake.

Hip hip hooray, some Christmas cheer, Boris bags a 'fishy' deal, mince pies for you Sir. Ftse called 40 up.

9 year highs for cpo, near 9 year lows for REA. Funny old place the stock mrkt.

Cpo prices surged to $955 cif Rotterdam, its highest for nearly 9 years as Malaysian output fell to its lowest since 2016.
The Malaysian Govt will impose an 8% export tax on cpo from January 1st on the calculated ref price of 3475 ringgit/ton.

Closed.

Covid-19
05:30

UK 2,149,551 (69,051)*
Indonesia 685,639 (20,408)*

* 39,237 cases
* 744 deaths
• 7514 cases
• 151 deaths

Investors ignored Trumps hissy fit of threatening to veto the stimulus bill and decided to buy stocks on the back of better jobless numbers which surprisingly fell last week.
Investors are caught between the immediate worrying prospects for the economy and longer-term when the outlook is much better. Meanwhile getting money into the hands of cash strapped citizens should bridge that gap.

Early moves on the Dow saw the 30 at 30,250 by 10:00am with 9/11 SP500 sectors ahead. The NSDQ Composite was lower due to sellers in big techs and investors rotating out of high priced electronics into the value end of the market where less pricey cyclicals abound. American & United Airlines up 2% & 3% as they plan to bring back furloughed staff this month. Cruise stocks were on buy lists Carnival up 6% on hopes of holiday makers leaving Port for the Summer season. Bookings are reportedly healthy.

Stocks in focus saw Drug maker Pfizer ($37) rise 2% after signing a deal with Uncle Sam to provide 100m additional doses of their vaccine by July. Merck ($80) up $1 announced its own brand of covid treatment was under FDA review. Moderna put on $4 to $124 and Novavax jumped $12 to $128 rallying off a 5 day $110 low.

Electric Truck maker Nikola slumped 11% to $15 after calling off a deal to supply 2500 Electric Garbage Trucks to waste disposal firm Republic Services. The 'other electric' firm stopped the rot rising $5 to $646 as Musk revealed he tried to sell Tesla to Apple for 1/10th the current value but Tim Cook blanked him. That must go down as one of the biggest clangers in financial history, a $560bn booboo! Akin to the guy at Decca when offered the Beatles said "No, they'll never make it."
Index Tracker funds have been busy in Tesla buying an estimated $90bn worth of stock for their investors. After hours Tesla slipped to $642 on 32m traded for 3/3 on the downside since joining the top table.

On the NYSE 12•2bn shares were traded buys outpacing sells by 2•83:1, 33 new 52s, no lows.
DJ +114 (30,130)
SP +3 (3690)
NS -12 (12,653)
R2 +12 (1122)
WTI $48•43
10ytb 0•953%

Nos: Oil $51•61. Vix 23.
Gold $1881. Copper $3•547.
Palm.$958. $1•355. €1•110.
IDR 14,203. FF +35. DF+70.
Morning all.