Member Info for JohnLewis79

A 200 point fall on the Dow between 1 & 2.00pm was reversed late on putting a shine on the closing nos, the 30 up 100
the 500 gained 7 & techs lost 7.
This wk the Dow is currently down 708 but is called 114 better at open today. London ftse down 187 this week, called 40 better at kick off.

CPO prices opened $551.20.

Not much movement in CPO ($553.70) and London palm closing prices.

Anglo -3
DKL u/c
MPE +3
REA u/c

Equities fell back for the 3rd session this wk on China retaliatory moves on Trumps latest round of tariff hikes.
Over the pond some bottom fishing helped the Dow up 90 at 6.00pm London time as consumer spending nos surprised and better than expected nos from Wal-Mart boosted sentiment.

Can't say I have much expierience in REA stock which was my preferred choice some years ago (6)...I think.
I swerved putting in £20k in favour of NBPO because REA would not send me a copy of their AR despite several requests which I alluded to on this BB at the time.

Prophetic I must say as NBPO went from 330ish to 700+ and REA went south
on the down escalator in double quick time. Guess which stock I bght?

As you may know NBPO were taken out by Sime Derby much to NBPO holders delight.... and mine...... though I didn't invest £20k, i had a decent sum.

I hope this time around I have a better expierience.
I might even ring HO for a copy of the 2018 AR.

Anyone know why you have to press twice to get the info up on a mob?....
At least it's quicker than putting money into your HL account and then placing an order, which took my secretary a good 10 mins and she's an expert. Jeeez and they say tech makes life easier....does it uckf!

Reassuring were back to normal volumes.

Can't really comment on the bonds situation...have always preferred to deal in the ordinaries as these are instantly tradeable. As ever you pays your money...in my case 797 shares.

Had a small top up this morning.

CPO $553.70 at London open.

Expect a quieter trading day today at least initially as the ftse is called up 10
(DJ +100) as Asia is climbing off lows (TK near 500 fall at one time is currently off 260.

Yesterdays rout in the US
was blamed on the inversion yield (the short end paying more than the long end) usually the other way round, Germany's poor nos and China slow down.
However all of this has been 'public' so to speak for months now so perhaps investors decided to take money out and started a mini collapse.

I doubt this is the start of a 2008/9 recession which saw US banks collapse and trigger those mortgage defaults in California. China & Trump need to get their act together and soon!

It's been a long time since REA had 80 trades in a session particularly so many 'nelsons' which must have been some type of algorithmic trades.
I counted 12 trades of 111
and later 4 trades of 1829 bunched close together
and c.78 trades of less than 200 shares. Make what you will of that.

Pretty sure today will revert to the more normal REA trading pattern. As i post CPO is little changed at $553.70.

The European Commission on Tuesday imposed duties of 8-18% on imports of subsidised biofuel from Indonesia saying the move aimed to restore a level playing field for European producers.

The EU biofuel mrkt is worth c €9bn with imports from Indonesia worth c.€400m.

CP0 prices rose c.$6 to $553.70 yet palm stocks slipped, in REAs case -12 on 80+ trades every one bar 9 less than 200 shares and most at (111 & 125) for a total vol of 13.2k. Whatever.... the recent rise was ripe for some profit taking if that was what it was or perhaps a mrkt mkrs code? A price monitoring extension was executed in the shares at 4.35pm.

Take into account the weakness of the currency, nervousness in the mrkts and Brexit 'D' Day approaching many pis will be selling even their crown jewels into cash regardless of value.
Be that as it may other palms suffered as well MPE slipped 6, DKL off 0.05 and Anglo u/c.

Can't say i'm much bothered about daily moves be they up or down unless I'm a buyer, given the background fundamentals of REA and being a $ earner i'm happy to hold for the foreseeable as this should smooth out the inevitable periods of gloom and over exuberance of Mr Market.

Sorry stckbstr I was in WHS and am not a subscriber to IC so unable to help. I'm sure someone will be able to access the report for you.

Just had a quick butcher's at IC views on latest G results. Not very encouraging I have to say but I remember them being very pessimistic about a gambling counter I had which tripled, well actually more than tripled from my original price. Good luck all.

London open. CPO $552.20.

Back in the mrkt for 1991 shares @ 678.

CPO prices in late 2018 as follows.

Aug...$594
Sep...$593
Oct...$575
Nov...$500
Dec...$502

A recent comprehensive study on the oil palm industry said that the Indonesia can develop domestically and internationally without expansion of plantations.

In fact they can meet domestic demand for CPO
until 2025 using c.60% of the oil palm planted area in 2014 while keeping the same average yield which is c.3.8mt/ha.
To meet international demand yields per ha will have to improve to 4.4mt/ha and likely 6mt/ha.
The added benefit of increasing yields is the reduction in planted acerage.
Currently a no improvement yield say 3.8mt/ha requires 6-7m/ ha of land. A medium yield improvement to say 4.5mt/ha uses c.5-6/m/ha
and a high yield 6mt/ha
would need c.4m/ha.
Indonesia lags behind Malaysia (4mt/ha) in vol yields, so as a priority plantation yields need to improve considerably.

Other London quoted closes today.

Anglo -12.5
MPE +2
DKL u/c

CPO ended $548.90 (London close) after days high of $558.50 and the IDR at 14317.
Shares had a good day on 12 bargains, volume of 26,469 & closed at 132 up (17.5).

The catalyst may have been the news that China will be removing import tariffs on Indonesian palm oil thus expanding the mrkt. That is really good news as is Trump delaying the recent round of tariffs
on Chinese electronic & other imports.