Member Info for JohnLewis79

Mafiastyle economics rule the Bond mrkts where most pis fear to tread given the large lump sum needed to secure the high int rates. Usually Insiders are first at the feeding trough. Not sure how widely available Bonds are to the average Joe.
Bondholders seem to me to be the only ones ever to make money in Companies. Rea's bondholder types will rake in the cash barring accidents while ords sit and suffer all part of the..... as nobull said, the 'finance model not working.'

I see 2 Directors of Mpe have been awarded nil cost share options of 14,268 & 10,049 shares exercisable at anytime between 2023 and 2030 in lieu of a 50% cut in annual bonus. Well that's 2 fingers to ordinary shareholders who have to pay for shares out of 'hard earned' Seems Mpe Directors whose fortunes rise or fall with the cpo price over which they have no control, are cashing in at the years height.
No surprise there! Despite cpo rising from $800-$945 Mpe shares have fallen 66 and they are awarding themselves free shares and a bonus! N.I.C.E.

Cpo has just hit ytd intrday high of $944. The black stuff off 83c....$49•40.

Zero trades yesterday in REA as the cpo price rose $5 to $938. Should help the bottom line if not the sp which fell below 60 following the ftse mini pandemic panic on Monday.
Today will be very quiet, even Santa has hibernated with the Bears what with Christmas being cancelled an'all. The New Year promises vaccine roll outs reaching those parts.., infections dropping and global mrkts slowly reopening with businesses starting to adapt to Brexit, deal or no deal. One can only hope....

January 2020 was no great shakes the ftse fell 318 (96 on the last day) and the Dow lost 282 (600 on the last day) as the first 2 cases of the virus was reported. February was even worse and by close of Q1 the ftse was down 870 (12%) the Dow 6621 (23%) and the Nsdq off 14%. Global mrkts hit year lows on the 23rd of March (ftse 4994)/ DJ (18,582) & the Nsdq (6861).

In the UK infections hit 22,000/1408 fatalities as March closed.
Palm Cos share prices fell with the market (see below) as the cpo price lost $140 to $663.

End Q1 2020.
Anglo 468 (- 114)
Dkl 2•50 (-1•15)
Mpe 506 (-210)
Rea 100 (- 70)

Christmas Day closed. The mrkt reopened on Friday the 27th. The mrkt closed out the year with a half days trading on Tuesday, Dec 31st.

Covid-19
05:00

UK 2,110,314 (68,307)*
Indonesia 678,125 (20,257)•

* 36,803 cases
* 691 deaths
• 6347 cases
• 172 deaths

Apple kept the Nsdq 100 ticking over yesterday on news it was planning a push into vehicle & battery production, shares $4 better at $132 on 168•2m traded. By late afternoon the Nsdq was up 10 having traded in a 160 point range and hitting an intraday record of 12,761.

The Dow, S&P & R2 saw profit taking, continuing yesterday's mini sell off. Many think the mrkts look pricey and investors are selling now & asking questions later. Some poor economic nos didn't help, Home sales fell in Nov and consumer confidence nos took a hit. US GDP came in at an annualised distorted 33% growth rate in Q3 as expected. Crude fell to a days low of $46•52 on a near 3mboe build up of inventory last week. No sooner had the $893bn stimulus bill been agreed when up pops Trump threatening to veto the bill without major changes. If so the Govt could shut down on Monday.

Stay at home stocks (Zoom, Flix, Amazon) surprisingly fell in early dealings even on news of the new mutation of the virus and global infection spikes locking down Cities and Countries which should benefit them. On Monday 200,000 new cases were reported continuing the upward trend to over 18•5m cases for the year.

Talking stock Tesla was unloved and fell $25 to $640 for a 2 day $70 drubbing on 51•6m trades. Tracker funds have yet to buy Tesla in meaningful volumes. The best performer was trendy exercise bike maker Peloton its stock jumped $17 to $161 on its $420m offer for fitness equipment maker Pretoria. Boeing documents appear to point to a very disturbing picture of commentary from employees over the MaxJet according to a US Govt committee. Shares up $1 to $219. Scuttlebut about the MaxJet has been rife for many months and Boeing is probably the most scrutinised of all quoted companies.

Topping the big board Apple, Salesforce, Mercury & Msoft.
Heading South, Amgen, GS & Walgreens ($39) which has been accused of fuelling the opioid crisis, strongly denied by the Company.
On the NYSE 11bn shares changed hands losers outrunning risers by 1•3:1 with 23 new 52s & no new lows.

DJ -200 (30,016)
SP -8 (3687)
NS +27 (12,718)
R2 +5 (1109)
WTI $46•33
10ytb 0•917%

Nos: Oil $49•45. Vix 24.
Gold $1871. Copper $3•522.
Palm $939. $1•340. €1•099.
IDR 14,228. FF -22. DF -38.
Morning all.

Cheers nobull, concur with all you say.
Nothing but problems, problems & more problems. Perhaps some form of merger take out is the answer as nothing else seems to be working atm.
Cpo goes over $1000 that adds to more levies which marginalises REAs take. Used to be a great business to be in but as you rightly say its now MEGAPOTTI! Cannot make a sensible decision until the trading update in Feb.

Ftse called near 40 lower at open (Dow futures nudging -180) and as REA follow the ftse moves (might as well it don't follow anything else) we might see another 5 fall if a few nervous holders bail out.

Missed the 56-59 boat which sailed yesterday. Likely bounce this morning but you never know...

My current REA value is c.£7540 (showing a loss atm). I don't have any specific target price or duration for holding REA all will depend on events in 2021 primarily Covid-19 and the cpo price (im not even thinking t/o or merger).

I don't know the average CAGR for plantation companies other than REA won't be among them as they have been negative for years. If for example I held for 5 years and the value rose to c. £22,750 that would be c.25% cagr which might be average, good or v.good depending on other palm companies performances.

Given that would be a new experience for me would one consider that to be acceptable? Would 25% over 5 years be par, worse or better for the course? Gut feeling says bloody good. Any views rugs, nobull, devonplay...... anyone else? I'm planning on seeing 2026!

Yesterday's oversold pandemic panic day saw REA fall 6 on c.137,000 traded, sells outpacing buys by (c.2•6:1) one of the few days this has happened. What we learn is small lot vol selling tanks the sp much more than any buy volumes ever send the price skywards. It's the nature of the stock market if all are on the down escalator prices go just one way.

I've learnt to live with it and will consider adding this morning if any further weakness, as I'm sure I can lower my avc ytd. My masterly inactivity stance gone out the window. Adding to a losing position is betting that future price rises will get you out of a hole. More hopium over realism but whats a poor boy gotta do?

Rea 162 (57)
Cpo $740 ($ 939)

Oil $67
Gold $1503

Ftse 7632
All 4239
DJ 28,515
SP 3224
NS 8953

$1•300
€1•170
IDR 13,967

Covid-19
04:30

UK 2,073,511 (67,616)*
Indonesia 671,778 (20,085)•

* 33,364 cases
* 215 deaths
• 6848 cases
• 205 deaths

Global
77•7m cases
1•7m deaths
219 deaths per 1m pop.

It was "Sell, Sell, Sell" as traders picked up the bad vibes from European and London mrkts and took the Dow straight down 400+ at the bell. Nothing new has caused the gloomy mood, well nothing the mrkts hadn't already priced in even if ahead of events.

Vaccines supposedly the catalyst for a Father Christmas rally got lost in the hubbub of the UK being given the cold shoulder treatment by several European Countries, that has badly damaged confidence among investors and Airlines took a big hit as flights were cancelled across the UK and Dover was clogged up with traffic awaiting clearance to cross the Channel.
As London closed 113 lower but off near 200 lows for the session the Dow was trading at 30,055 down 125 with all 11 SP500 sub sectors in the red led by energy on oil price falls due to demand concerns. Airlines and Cruises were hit for much the same reasons as both sectors are heavily dependent on a quick and successful vaccine roll out. The S&P 1500 Airlines index fell 3% despite Carriers about to receive $15bn in new payroll assistance as part of the stimulus package.

Banks were least hit thanks to gains in JPMC, BOA & Citi. GS rose 7% topping the big board and now surpasses its pre covid stock price the only Bank to do so. Banks have been given the green light to resume buybacks. Tesla fell $45 to $650 on its debut in the SP500 on 57•8m traded the 7th largest by vol which Apple usually tops with 100m+. Corona's Moderna, Pfizer, Gilead & Novavax were little changed on the day.

The Dow pulled out of the early slump and climbed throughout the session eking out a moderate gain thanks to 7/30 stocks rising substantially but only Financial and Tech of the 11 sectors closed better. On the NYSE decliners outpaced risers by 1•85:1, 16 new 52s, no new lows on an average 11•7bn traded.
DJ +37 (30216)
SP -14 (3695)
NS -48 (12,690)
R2 -4 (1165)
WTI $47•79
10ytb 0•934%

Nos: Oil $50•71. Vix 25.
Gold $1886. Copper $3•581.
Palm $939. $1•341. €1•096.
IDR 14,195. FF -2. DF -76.
Morning all.

Pandemic panic spreads to equity mrkts ahead of a weak US start to Xmas week. The Dow is called 400+ lower at the bell and the ftse is nudging a 200 fall. Ytd its down 16%.

I guess REA holders have had enough and are bailing but at 53 bid I doubt many are profiting. Turnover is c.107k, sells outpacing buys by 4:1. As ever just a snapshot in time but hardly adds to the Christmas spirit, does it?

Yea its pick a price amongst many stocks, most meaningless imo. Until a bid surfaces share prices are in la la land which disuades me from adding anymore today as a price quoted tomorrow will be lower.

Whatever, sellers tend to outpace buyers in the run up to NY and in REAs case the promise of better days in the future doesn't cut the mustard.
Investors are wary of being hit by unexpected outside movements in either the weather, levies, taxes, trucking costs, Mill breakdowns, margin pressures etc.., which has caused no extension planting to the 6000HA available. We need to start planting again!

Longer-term holders have the best option of some 'masterly inactivity' through the next few weeks. Staying on the sidelines one cannot get into any trouble and I'm fed up with lining jobbers Christmas Hampers.

Ftse opening 100 lower as it now seems unlikely Boris will get a deal and the shambles at Dover is going to impact food deliveries. Panic buying coming to a store near you.

Well they say "there's nowt so queer as folk" and Hamilton winning BBC Sports Personality of the year proved that.
In a below par field of Selling Platers only one candidate stood out and that was Hollie Doyle the jockey. She limped in 3rd behind a footballer no-one has heard of outside of Anfield and a tax exile. Unbelievable!

Rea 164 (63)
Cpo $740 ($938)

Oil $66
Gold $1488

Ftse 7624
All 4231
DJ 28,552
SP 3224
NS 8946

$1•300
€1•169
IDR 13,967

Covid-19
05:30

UK 2,040,147 (67,401)*
Indonesia 664,930 (19,880)•

* 35,928 cases
* 326 deaths
• 6982 cases
• 221 deaths