Member Info for JohnLewis79

The 3 main US indexes fell on Monday despite a surging oil price and energy stocks gaining. The Saudi attack rumbles on with accusatory Trump tweets aimed at Iran. Slowing global economy concerns are never far away and Currencies, Bonds were calm the US $ finding support kept the OP at recent highs ($62.07).
The Dow closed off 142, the 500 fell 9, Nsdq lost 23 but the Russell small caps put on 6 and is up 17% ytd led by the S&P up 20% ytd.

Asia is lower across the region. TK back from holiday slips 5, HK off 277 on the continuing troubles & SH down 31 on local concerns in the main.

Oil $68.36. Gold $ 1505.
Palm $563.80. $ 1.242.
€ 1.127. MSCI (World Index) 526. FF -18. DF-7.

Morning all.

CPO had a good day closing at high for the session ($561) up $8 and the highest since Sep 3 ($563).
REA traded up most of the session where buyers were paying 159 & 160 on volume of c.31k. A few sells late on of c.4k sent the shares down to 154 off 3 for the day.

MPE were down 16 to 660 on H/Y results, had been lower. Anglo added 11 on more sells than buys the tiddlers were unmoved.

MPE report on H1. Results impacted by the low CPO price though production of ffbs was up. Expect much the same from REA.

Stocks in Asia (TK closed) are flat to lower as oil futures soar after Saudi oil facilities were attacked.
It's estimated that 50% of production has been lost though the authorities expect to have 33% back up running on Monday. It might take weeks to return to normal.
WTI rose 15% & Brent c.19% initially. Around 5-6% of the worlds supply (5mbopd) has been lost. Houthi rebels claimed responsibility.

In other news China said it would be very difficult for the economy to grow at an Apr of 6% in the current global climate, furthermore industrial production in Aug was the lowest in 17 years.
HK is down 263 more clashes over the wk/end, SH up a couple other Pan Pacifics mixed.

OIL $ 66.16. Gold $ 1511.
Palm $557. $1.247. €1.126
FF -33. DF -137.

Morning all.

A poor wk for palm stocks.
The tiddlers moved in the spread while the bigger names fell against a rising LSE and a slightly lower CPO price.

AEP -27
EPA u/c
DKL u/c
MPE -18
REA -2

CPO -$1.90
IDR -130
Gold $1496 -$19
Oil $60.12 -$1.56
$ 1.25
€ 1.12

Morning all

Morning Prince 3k. I do not day trade finding sitting in front of a comp tedious in the extreme.
Zam as you say is not a day traders stock where you need hundreds of trades and vols of £ms. O....lies are a fave of day traders I know and most struggle to make money in the current mrkt environment.
Regrettably I'm pretty brassic atm as any spare is used for drinking and punting. I'd be surprised if your not in the plus column by year end.

Sp action last 4 wks:
2 u/c
I up
1 down
The sp has risen from 130 to 159
over the period thanx to a 27 jump end Aug on 'Evils' interest here.

CPO average price Jan '19 to present $534.
CPO average price Jan '18
to present $616.

REA inc other palm stocks share prices reflect the c.15% decline in CPO by falling 46% (52wk).

2018 av CPO price $593.
To date we are way off that number. Even with increased production REA may struggle to make up the difference.

US mrkts were on the front foot the 30 closing at 27182 up 45, 7th straight gain though falling back late on. Trading range 27105-27398 on trade talk issues and Trump saying a smaller scale interim deal would be a start.

Asia better on trade discussions, TK up 214, HK up 100 (The bid for LSE looks a non starter) & SH gaining 22 on hopes of breaking the deadlock.
ECB rate cuts to negative territory had little impact.
Pan Pacifics were all better.

Oil $60.44. Gold $ 1505.
Palm $553. $ 1.235. €1.115. FF +23. DF +67.

Morning all.

REA
5 Day -10%
I Mnt +30%
3 Mnt +4%
Ytd -36%
52w -48%

Malaysian stocks of palm fell 5.5% to 2.25mt in Aug from July. Analyst said exports to China had tripled to 308kt in Aug and are expected to remain strong in part due to the upcoming festive season.
No figs were available for Indonesia.

India has agreed to lower import duties on Indonesia's palm oil. In response Indonesia has offered mrkt access for India sugar. The duty will be cut by 5% to 45% parity with Malaysia.
Indonesia exports to India amounted to $13.7bn pa (2018) and imports at $5bn. Consisting mainly of coal $5.4bn, palm oil $3.6bn and rubber $430m.

All 3 major US indexes cont the recent bull run the Dow closing up 228 (27137) the 6th straight and the 500 up 22 (3001) boosted by news that China will exempt certain goods from tariffs. Sea goods, cancer drugs, lubricants & pesticides are some but not big tckt items like soy, corn and pork.
Expected Int rate cut by the ECB helped sentiment.
Trump has decided as a gesture of goodwill to delay hikes for two weeks.

Over in Asia stocks are better, TK +211, HK off 53 and China up 6. Weakening trade tensions, an unsolicited $36.6bn bid by the Hong Kong Exch for the LSE supported prices.
In a bid to boost the Chinese economy cash held in reserve by Banks will be slashed in an effort to encourage lending to local businesses.

Oil $ 61.27. Gold $ 1503.
Palm $556. $ 1.233. €1.119. FF +37. DF +127.

Morning all.

156 mid. You know and I know that's meaningless. Might just as well be 136 apples or 186 pears it makes little difference....just a number! Still be aware that these nos mean little and
as long as you know that.... you will survive in the long run.
Whatever volume was 28,302 and dealings amounted to 3! CPO closed at $557.50 a small gain.
Perhaps a few more oranges tomorrow?

Investors here need a very logterm view. REA is imo not a stock suitable for your av pis. However much you delve into the fundamentals of Nav, ROCE, earnings etc, etc...
the mrkt in general will ignore on the upside but crush you on the downside. That's an absolute given.

Hence the short termisim of the mrkt as a whole where turning a dollar is prime works against pis who are in for the long haul.
It's taken me years to realise this fact. The lse (casino) is geared to assist the traders long or short where you must snatch your profits before someone else does.
Mr Buffett said there are only 2 rules to investing. First don't lose money. Second don't forget rule no 1.
As long as you understand the rules of the game for that is all it is, you may come out on top and that's a long shot because pis / traders over trade and rack up commissions for vulture brokers leaving you with the short straw under a welter of costs.

I have no idea what the answer is, most of us cannot aspire to be Warren Buffet clones, time and tide rules that out. Perhaps a mix of both or what suits your investment temperament, if you know what that is, might be the answer?

If not your in for a very long wait while others skim your hard earned meagre gains. Good luck whichever method you choose.

No early sellers this morning. Taken their profits and moved on? Need it 10 lower. Rugs will you oblige?

MPE cont buybacks on a daily basis, yesterday a further 1936 at 676 for cancellation. None are held in Treasury. Shares outstanding are 54.6m.
I assume the bod of MPE
consider the Co to be undervalued and might be fearing a return of (KLK).

One way to avoid that would be to bid for REA who could be bght for a pittance, even at 250 the cost would be just over £100m. REAs high debt is of course a constraint but very manageable at CPO $550+. Will it happen?
I doubt it but yo never know....

2 up, 1 down (China) in afternoon trading with no news on the trade front or rates to guide traders. Sentiment remains fragile.
The sacking of Trumps security advisor is seen as a plus as he was an arch hawk who wanted to bomb N.Korea, Iran etc..
Towards close TK is c.200 better with HK adding 390 and China off 10.

Overnight the Dow pulled up from 26717 low by the afternoon crowd focussing on value and small Co stocks. Mr Jones closed up 74 at 26909 the 500 u/c at 2979.

The nos: Oil $62.80.
Gold $1502. Palm $559.50
$ 1.237. € 1.119. FF +26.
DF +18.

Morning all.

Agree your upside potential is considerable and easily a 2 bagger if all the ducks get lined up. Have been thinking of buying back here but am committed elsewhere atm and have 90% of my cash tied up in a private Co which is frustrating as the shares are not tradeable even on a matched basis due to some ridiculous MIFID law of the EU.
I expect my loss will be your gain so I shall watch from the touchline. Gluck.

At this rate i will be able to buy sub 150 soon. I dont read anything into the c.15% fall from recent high when 178 was paid.
The closing auction of just 3432 shares value £5217
dropping the sp to 152 seems a tad overdone.
At least CPO had a better day gaining c.$4 to $555.40.
As ever just a snapshot in time and tomorrow's another day.