Member Info for JohnLewis79

Chicken**** Corbo ducks out of calling for a vote of no confidence in the PM.
No surprise there from a man more accoutomed to sheltering behind Hamas and Mujahideen terrorists.

Boris is the only one who will deliver Brexit, be it deal or otherwise. So if your a leaver you must vote for him. Don't waste your vote on Corbos will we wont we position or the schoolgirls abolishing the ref vote.
That's a tough call for die hard Labour stalwarts but a vote for the other two is surely wasted. Whenever we have an election i'm sure it will be a rerun of the referendum however unpalatable that is, given all the other problems in the UK.
That will surely suit Boris who knows 'Comrade' corbo's crazy loonytune economic policies will not stand up to the heat of an election contest. I mean abolishing public schools, expropriating their buildings and land....for godsake! Just one example of crackpot Corbo and Abbott who sent her son to a minor public school pulling up the drawbridge behind them. Bloody hippocrites the pair of them.

The product was a paradigm buster, ahead of its time in the benefits of blood gas analysis.
Management was poor, overburdened with scientists and not enough 'grunts' (Sales people). The medicos never bght into the device perhaps through lack of NHS funds and resistance from established blood gas analysers in use. Despite overwhelming evidence as to the superiority of the device in blood testing, more analytes, no loss of blood (it was returned to the patient) requiring no transfusions at £750 a pop and automatic tests that nurses simply press a button to do the test. Sphere could not sell it.
I thought it was a no brainer. I didn't factor in the medical professions resistance to new technology that without a doubt would have improved patient outcomes as certified by many trials in Europe and here in the UK.

Some of you may remember my
'Blood' thing. Administrators have been called in and are seeking offers. It will be sold for a pittance and holders will receive nothing. Another great British success story crashes and burns.

Bojo returns to London today to face down those baying for his blood. Parliament is resuming today to continue its efforts to frustrate the will of the people and unseat the PM causing as much damage as possible to our country.
A scandalous 'political' decision has imperriled the PMs effort to get any deal from Europe, tying his hands to the tiller. His action was called 'unlawful'. What ffs is lawful about this zombie Parliament attempting to deny the referendum result?
All the 'noise' coming from
comrade Corbin, cohorts the SNP and the schoolgirl is to delay, delay and delay. Talk of comrade wanting an election is nonsense. He cannot decide whether he's a leaver or remainer, he barely knows the time of day, his party is fractured, his Deputy in open defiance at the steamrolling of the vote in Brighton aided by his Union cronies. A man seeing an opportunity to play the consiglierie the father of the remoaners the saviour of Kier Hardie's Labour party.

Let's see if he has the balls to call for a vote of no confidence in the PM first thing this morning.

Global concerns sent US stocks deep into the red overnight. China was the focus of Trumps speech at the UN where he specifically pointed out China as the main transgressor, citing intellectual property theft, currency manipulation and gaming the system. Not a man to mince words is Mr Trump.
Oils, autos and techs led the fallers, WTI off at $57.11. Adding to the poor sentiment was news that Nancy Pelosi was starting a formal impeachment enquiry into the President.
The Dow fell 142 (26808), the 500 off 25 (2967).and Nsdq down 119 (7994).

In Asia mrkts are lower across the region on poor economic outlook from the Asian Development Bank who expect the regions growth to fall this and next year stalling the potential of Asian economies, citing the ongoing Japan, S.Korea favoured nation dispute.
The Bank is fearful that the US & China might split the global system in two creating rival internets, currency, trade and financial rules. We must do everything possible to avert fracturing the system said UN Sec General Guterres, which may not be large but it is real.
We must maintain a universal system, respect for international law with multilateral institutions.

Oil$ 62.63. Gold $ 1537.
Palm $546. $ 1.246. €1.133. FF -20. DF +82.
Morning all.

Price to sales ratios where 1 is the standard and ratios between 1&2 are considered good and less than 1 very good with 4 and over a warning sign is a metric used by invstrs to compare the perceived value of the stock compared to its revenues.

The P/S ratio tells you the value invstrs are receiving and what they are paying per £ of the Co sales.
This is a better guide than the more often used PE/r
as REA shows negative earnings and has for some years.
REA's Price to Sales ratio is 0.74, so in the excellent bracket. Invstrs here are paying 74p for 100p of sales. That should be compared to others in the sector but I won't be doing the comparisons as I suspect MPE and Anglo have much the same P/S ratios.

So much for the impartiality of the Speakers office. Pipsqueaker Bercow applauded the Supreme Court's decision in ruling against the Govt.
Says it all imo.

Why on earth are the media so keen on asking the likes of the poisoned dwarf Sturgeon, the fat dumpy one always hectoring in a loud Scottish voice and Doobie doozy Soubry the cross bencher supreme fronted by the schoolgirl.
None of whom have a single intelligent thing to say on anything at all apart from continually railing against the referendum result.

Well they got what they wanted, they can go back to sitting on their arses plotting to evade leaving the EU deal or no deal.

Court rules against Bojo saying it was unlawful of the Govt to proroge Parliament, in effect stopping them from doing
their job.
What bloody job is that then? Oh yes, the job of renegaging on the referendum result and ignoring the will of the British people.
A spiteful, vindictive decision which will do little to sort out the mess this parliament, stage managed by the Speaker and his 'remainer' cronies has led the country into.

Illegal fires and rainforest clearances have led to a deadly red haze shrouding large parts of Indonesia /Sumatra, Borneo and Malaysia.
In Singapore, pollution has reached hazardous levels, many schools are closed and thousands of masks have been issued and it's estimated that over one million people have acute respiratory infections.
The haze is so severe that many internal flights have been cancelled.

Fires burning since July have destroyed c.800,000ha of rainforest in Indonesia, exacerbated by the long dry season and have led to diplomatic spats between the two Governments.

Palm prices have fallen
c.3% over the last 4 sessions due to sluggish export demand and higher production.
This fall flies in the face of surging demand in China where imports of palm oil have soared over 50% (Jan-Aug) the most in more than 6 years following the African swine fever outbreak which has cratered domestic soybean imports.
China bght 590,000 tons of palm in August double last year's amount and the highest months total since Dec 2012. Palm Oil imports are expected to remain c.600,000 tons in Sept & Oct.

A dull day on US mrkts mostly u/c, the Dow eked out 15 gain (26950) and with the S&P is within striking distance of all time highs. Little economic news but signs of the US Labour mrkt contracting and worries in the Eurozone (Germany heading for its second consec Q of negative growth and suffering its worst downturn in 7 years as order bks are paralyzed) kept invstrs on the sidelines.
The US PMI no is at its lowest since 2009 and it's the US consumer that's the bright spot and the main prop for US economic growth.

Over in Asia mrkts are sidelined invstrs seeing little reason to invest due to China/US trade war, the slowing economy, Brexit, Germany's neg growth & Eurozone tariffs leading to protectionism. TK up 27, HK adding 83 & SH is 23 better all towards close.

Oil$ 64.43. Gold $ 1529.
Palm $546. $1.243. € 1.13. FF +20. DF +93.
Morning all.

Ooops...155 for 15000.

154 was taken for 15000.

TK is closed for a public holiday. HK & SH both lower led down by Techs in HK (-231)and pharmas in China (-42).

Oil $ 65.07. Gold $ 1522.
Palm $ 549. $ 1.247.
€ 1.131. FF +6. DF +74.

Morning all.

At the Half way stage shareholder equity /assets were c.£190m or 469pps giving a 51% margin of safety. This is expected to widen at 2019
year end.
As to the group's liabilities of $366m (73pps) non current liabilities amount to $292m (58pps) made up of bank loans, notes etc...

Have a good wk/end all...Go Eagles!!

Share little changed at 156-162, a solid performance given the results at the lower end of most expectations.
Volume was 23,964 with 9,210 on the sell side over
11 trades. That's about par for the session these days.

On the wk c.112,000 were traded the shares moving from 155-162 to 156-162 nothing to write home about but i'm very well ok with that! CPO did the sp little favours... I'm not sure it ever does, whatever, it rose $1.80 on the wk despite a $6 fall today to $554.80.

Other palms ended the wk on a high note, Anglo jumping 17 today (460) was the star mover. MPE fell 3 (656) the continual buy backs having little effect. The jury is very much on a sabbatical as to the value of buybacks, not just on MPE but many others (see Genel) shares heading lower ever since buybacks were started.

DKL cont its miserable period of 'masterly inactivity' excepting a name change and EPA slipped 0.05 but still above 1p bid. A good wk for the
Palmers.

Must say am slightly disappointed at the sp reaction to the H1 results.
I was hoping to add sub 155 but the jobbers were well aware of the sentiment here and as per usual wrong footed potential sellers gaugeing the demand or lack of perfectly.

Can't say this is an endorsement of the results given the skitterish
perception of pis who atm drive the travel of the shares.
I take no comfort in the current 160 reflecting the £65m value of REA. As we know It could be lower, about right or much higher? Gut feeling were 80-100p lower if your looking beyond the next 6 months and into 2019/20 profitability.
That may in time be reflected. I think it's going to be a hard slog upwards and still see opportunity to add sub current on a) boredom, b) static sp, c) geo political concerns & d) jobbers 'fiddlysticks'.

Let's face it palm stocks are never going to be flavour of the month/year or decade and I see this anti palm fervour getting worse what with school children boycotting classes and going on climate change parades. That's crazy imo.

You might reasonably ask wtf am I doing investing here?
I'll tell you. i) I think Govts will do all they reasonably can to abide by world demand to cease expansion of the palm oil estate and ban slash and burn. ii) Demand be it through traditional means or via biofuels will have to be satisfied. iii) Sustainable palm estates will be at a premium. iv) EU and others will soften their anti palm oil stance.
v) China demand for feed and fuel will likely increase in the years ahead. vi) electric cars, where is the energy coming from? vii) population increases will need employment, wages, housing etc.. viii) palm oil is still one of the most valuable commodities in the world after rice, meat & milk. 1X) Usurping palm oils necessity in global product terms is highly unlikely as there is no viable substitute with so varied capabilities, be it cooking, plastics, confectionary & health among many more.

Whether palm benefits or not I cannot answer. On balance given others that contribute to global warming, emissions etc and provide no benefit offset.... palm might have the upper hand. I think the jury has been sent out to reconsider previous verdicts in light of Govts commitment to
safe keeping of their environment.

Somewhere the opposing factions will have to meet and recognise, its not to shut down palm oil production at all costs but to seek compromises that both sides can live with.

The rate of growth in demand for veg oils is now exceeding the rate of growth in supply.
This situation is expected to continue as the replanting growth rate will be constrained by deforestation and sustainability concerns etc...while biofuel demand continues to grow to B50/100.
Currently CPO stocks are being absorbed which should lead to an increase in CPO prices which will positively impact on REAs
cash flow and bottom line.

This year REA will remain loss making but given a CPO/CPKO price recovery
in 2020 REA will be back in the black and perhaps will resume re-planting of the
50kha available.

Off $1.70 to $72.30