Member Info for JohnLewis79

Due w/c 21st Sept.

'Fraid not rugs could be any nos of things. Whatever its going the right way for my next entry point of c.150 or lower. I don't think it's company specific. I doubt pis are selling ahead of the interims so your guess as good as mine.

I was invested here sometime ago selling out at 10ish..losing money I might add but not a lot.
I thought 10 did not reflect the fundamentals but thought the sp was headed only one way and that was down. Commodity prices and exch rates being a drag.
Unfortunately Zam is among hundreds of shares whose value is divorced from asset values, earnings and return on capital. I cannot think off hand of a stock I have owned whose sp reflected fair value...ever, well certainly in the last 15 years. I know one is told to buy for the long term but how long is long term? Ten, twenty years? Most of us hold for perhaps a max of 3-5 years and if the value has not righted itself, its unlikely to barring an 'event'.
I held Zam for c.3 yrs and luckily have made up for losses here.
Anyways at 5 surely this is a low so you may have caught the bottom. Good luck I hope it works out for all. Finally can I give you a bit of advice I was given long ago.
" you don't have to make back your losses in the same stock"

Sp 161
Vol 21.2k
Dls 14.

No surprise that Parliament once again voted against granting an early election. The opposition benches, funking facing the electorate either voted agin or abstained leaving the Govt 141 short of the 66% required.

With the zombie Parliament prorogued until Oct 15th an election cannot be held till after Bojo's red line date of Oct 31st. The PM continues to insist he will not ask for an extension which may or may not be granted anyway. He will continue to seek a deal acceptable to all though this looks highly improbable given the EU's stance on the backstop.

Little of interest on US mrkts yesterday. Energy stocks rose on the oil price (WTI up $1.30 to $57.81) and AT&T jumped 1.5% as activist investor Elliott Mngmt declared a large stake.
The Dow up 103 earlier closed 38 better at 26836 it's 4th straight gain the S&P u/c but off lows late on.

Stocks in Asia moved little above the gain line on news that China consumer inflation rose in Aug. News that Jack Ma head of Alibaba will step down next year had been well trailed.
TK up 53 the highlight being Nissan Motor gaining on the CEO stepping down next week.

The nos:
Oil $62.74. Gold $1499.
Palm $551.50. $1.234.
€ 1.117. IDR 14032.
FF-5 & DF -8.

Morning all.

Will Boris be forced to go cap in hand to Brussels to seek another useless extension to come up with a new withdrawal agreement?
He has said absolutely not. But as we know Boris says lots of things only to backtrack later. He might have to break the law if Parliament rules out a snap election. I doubt he would do that so other moves will be considered.

The 'wet' brigade run by the schoolgirl want an election. The SNP want one at any cost. The Labour say they want one but don't because they know Boris will trounce them at the polls.

All these moves are specifically designed to a) embarass Johnson and b) force him out of No 10 installing Corby and his Union mates for beer and sandwiches round the cabinet table.

Mrkts in the Far East edged higher on recent economic data, despite China trade with the US dropping sharply in Aug as new rounds of tariffs took effect. The SHCOMP gaining 12 towards close, TK up 108 & HK down 21.

Imports to China from the US fell by 22% in Aug to c.$10.3bn and exports to America sank 16% to c.$44bn. Today the Japanese Govt revised April- Jun Q growth to 1.3% from a forecast 1.8%.

London called 27 better at open with the Dow 61 ahead. Current CPO price down $2.6 to $552.

Morning all.

Malaysia is diversifying into food crops to help land settlers to increase their incomes by lowering their dependability on palm oil and rubber.
The prices for tropical fruit and veg are rising as palm oils fall.
Fluctuating commodity prices and Western countries hostility to palm oil are an additional reason to switch to food crops. The agri sector contributed 8% of the RM96bn to Malaysia's GDP of which 50% came from palm oil. Of the 7mha under cultivation palm uses c.5mha with c.1mha for other food crops (rice etc) and c.1mha for rubber. CPO prices have more than halved during the last 8 years from c.$1290 to $555.

How does all this nonsense about our leaving Brexit impinge on REA holders?
Have to say the barrow boys will attempt to shake out loose holders in a worst case scenario to c.120 ish in the short term.

Us holders will seek to add
given the opportunity of an over reaction. But to be fair nobody knows how the mrkt will react if we crash out sans 'deal'.

Fair do's. In the initial stages traders will be able to profit if they are short
but it will be temporary imo. I'd certainly be long
in the next 2 months if I could pick up stock at 120+ or anywhere near.

Just my opinion because REA hardly travels to short term moves on the LSE.

We shall see.

Having tried to log in 4 bloody times, I have forgotten wtf I was
going to post! C' mon lse sort this out please.

Boris has to stand firm. The proper constitutional course is for Boris to be allowed to call an election.
He must not allow that 'arch leaver' Corbin clothed in remainer garb to govern from the opposition benches aided by his chum Bercow.

His surrender bill which hands over control of our departure... to the EU is a disgrace. The PM cannot and will not accede to this ridiculous charade by Parliament which only seeks to delay, dither and
erect road blocks.
There was a deal on the table so take no notice of Labour's protestations its only seeking to block a no deal Brexit with a pinch of salt.
We know exactly what they are up to, it's to stop Brexit at all costs. Europe want this thing done. The Govt want this thing done and a majority of the electorate want this thing done!

Another cabinet minister resigns this time on the spurious reason that Boris is not trying hard enough for a deal from the unelected apparatchiks in Brussels!
I doubt Boris is much bothered as Ms Rudd has a wafer thin majority in Hastings & Rye....346 to be exact.
She calls the 'whipping' off
an act of political vandalism to those who defied the Govt on a vote of confidence siding with the clueless Corbin.
She effectively voted to tie the Govt's hand insisting 'no deal' be taken off the table and to go to Brussels on bended knee to seek a pointless extension.

What on earth did she expect? Did she think Boris would allow a bunch of remainers to **** a snook at the Party? Did she not believe the Whips who warned her of the consequences? Did she think voting with the opposition was acceptable to the PM and her colleagues? Does she expect us to believe all that tosh about leaving the Party?
I trust her constituency will refuse to vote for her as an independent. H&R overwhelmingly voted to leave by 55%/45%. So
toddle off Ms Rudd, see you behind the counter at the Hastings and Rye branch of Oxfam.

......If your confused about Brexit all i can say is you have not been paying attention.....

If your worried about a Lab Govt (I'm not) it's probable sterling will fall as foreign invstrs pull their money out. However global companies with $ profits will see their earnings rise in £ terms if the pound falls.

Indonesian road test finds a blend of palm oil & diesel "safe for road cars".
In what is considered to be the worlds longest road test, over 26,000 miles were covered on Java island using a blend of 30% palm and 70% diesel.
Among a fleet of cars that included three popular makes a Toyota 'Fortuner' a Nissan 'Terra' & a Mitsubishi 'Pajero' Sport all passed with no engine problems, lower emissions and were more efficient. By 2021 the Govt hope to be B100.

This will help Indonesia to
reduce reliance on imported petroleum and use up any excess supply of palm oil. The B30 mandate, currently B20 will raise the country's consumption to 9m kilolitres next year up from 6m k/litres and benefit the 17m people relying on the palm oil industry for their incomes.

On the wk REA slipped 4 (160) 3 of that on Fri on c.31k volume, 11 deals. No certainty about either of those nos.
Other palm stocks were little moved on the wk, MPE was noted moving up 9 (680).
CPO closed at $554.9 up $2.50 (H$567 / L$552).

Ftse +75
All +45
Dow +294
S&P +53
NSD +40
Gold $1515 -$14

£$ 1.228 +1.02%
€£ 1.114 +0.70%
Oil $61.68 +$2.60.

Morning all.

For patient invstrs the sp could drop to 150, which is my re-buy point....more wishful thinking than anything else I must say.
As ever you run the risk of trading outside of the spread be it +or - and facing a sudden spike that kiboshes your punt.
That's a risk given the lack of volume, i wouldn't take. If your buying its for the long term which is my preferred stance. A buy around the current price is good value imo............. but dyor ...and I never thought I would say such ollox!

The nos:

CP0 $557.70
Oil $ 60.90
$ 1.233
€ 1.117
IDR 14135
FF -15
DF +7

Whatever the PM decides to do he surely must come to some accommodation with the Faragenes.
Should, as the polls indicate the Tories win the election a hung Parliament is the likely outcome which would be a disaster for the Govt.
He must get Nidge on side and quick. Labour will lose seats to the schoolgirl so with Nidges help the Tories could scoop up Lab leavers disaffected with Jerherberts oscillating on whether to go or stay.