Member Info for JohnLewis79

I have recently bght back in IdeaG and following the super trading statement i'm hoping i've made the right call. Everything seems to be going to plan and the Co hardly puts a foot wrong, which makes it difficult to explain the sp performance this year, up just 8% ytd.

I can only think nervousness on Nsdq (+18%) ytd and the high ratings of tech stocks have prompted selling plus of course Trump tweeting non stop on the trade impasse with China and mrkts hanging on his every word, add in the Brexit mess and it's not what the Doctor ordered.

Mrkts need resolution of these matters especially for global trade. How a full out global trade war would impact Ideagen I have no idea but Ideagen has hardly scratched the US mrkt place, so there's room for further expansion now we have a strong presence there.

Never been very keen on 'adjusted ebita' a measure that often redefines earnings to exclude all too real costs.
Here's one example management sometimes assert that their Co stock based compensation shouldn't be counted as an expense. Why not? Was it a gift from shareholders?

Whatever I digress and its a moot point so as long as Mngmt cont to increase operating earnings and widen the moat I'll be more than happy.
Last year I thought the stock price had got ahead of itself and sold out, that proved fortuitous but at 133 and hopefully growth more like 15%+ there's plenty left in the tank for a long term holder.

I doubt there are many tech companies who can point to 10 years of unblemished earnings.
Even WB a notorious sceptic of technology has warmed to the sector by investing in Apple & IBM.

Well boyo...not a day to be selling... a man's gotta do what a man's...I can't micromanage the daily moves of the sp. I decided after some considerable time to move on regardless. I really needed a breather from G and all the baggage of the KRI the OP etc...
I have parked my cash in a stock that's served me well in the past and hopefully in the future all being equal.
I considered Gold but it doesn't produce much and relies on frightened people, speculators and industrial users to cont absorb the annual gold production to keep the gold price up. Not for me. I prefer investment in productive assets with little capital requirements. Time will tell if I have made the right decision. It was a spin of the coin, a share v my Punto Bank. The share just won. If i get bored i can be at the races in a jiffy. Evening all.

I'm out..205ish...another loss nothing changes there! Good luck you longtermers wish I could have ended my association with G on a more favourable note. I see no prospect of my rebuy again.

Nah, not in the casino hour bunks. Will likely wait till later though a couple of p either way is neither here nor there...

If I was a newbie to G and having read your (8.32 am) post i'd be lumping on bigtime!
Then i'd look at the sp performance last 3 years and think WTF is going on here?

I was on the verge of pushing the sell button yesterday as Gs performance or rather lack of is costing me money.
While my holding is small potatoes...... my sunk & opportunity cost foregone has lost me a couple of hundred quid in gains on another stock as I wait and wait and wait.

G for all the bullish and boyos bearish (mostly) reasons is not the stock for me at this cycle in Gs history.
I feel with little skin in this share (limited upside) i'm better off elsewhere (the junk end) perhaps or back in a stock that reacts to positive news or go mad and add funds to my Bank del Punto plc...either of those three choices will give me more fun (less frustration) than I'm having here!
I'll let you know what's what in due course.

US mrkts clawed back some of yesterdays big losses the Dow rising 314 at mid session.
Led up by Visa,Disney,Cat,
& Coca Cola followed by Exxon,Intel & Chevron.
Trade talks are likely to resume at the G20 as pressure grew from the farming community whose exports have collapsed.
Trump is calling for a cut in rates as a means of helping the economy to cope with any after effects from the trade spat.

However small business optimism rose to a 4 year high on April and import prices rose just 0.2% against expected c.0.9%.
By close the Dow had topped out 207 better the 500 added 23 and Nsdq put on 87. Stock futures point to rises on Wed.

Asia followed Wall,
stocks mostly blue, TK up 60, HK +204 & SH 32 better. Stock in focus is Nissan (-11%) who reported it's worst earnings in 11 years and said worse was to come.
Pan Pacifics were flat.

The nos: Oil $70.97.
Gold $1296. Coin $ 7991.
Vix 18. FF+22. DF+82.
Morning all.

Workers heading to Wall were fearing the worst as in pre trading Dow futures tumbled over 300 the 500 fell 36 and Nsdq 128 on the breakup of the negotiations without a deal being agreed.
Most think a deal will be hammered out sooner or later as US investors awaited Beijing's response.

The Peking Daily the mouthpiece of the Party reported China will never yield to threats from the US or compromise on matters of principle and were considering a proportionate response.

At the bell equities were sinking fast the Dow plunging 700+ hitting a low of 25222 as news from Beijing reported China was set to impose 25% tariff rate on c.5000 of US goods worth some $60bn as from June 1st. Other retaliatory measures are being considered.

The 10yr t/bill hit 3.5% and Vix jumped 5 to 21 implying trouble for the economy and Co bottom lines if there is no deal in the next couple of months, not that Trump was much bothered as "trade wars are easy to win" he remarked. However Economic advisor Kudrow said both would feel the pain.

On the street, companies in focus were bellweather stocks Caterpillar, 3M, Boeing, Apple & Cisco all c.3-5% down. Along with Lyft down 6%, Uber fell 11% to $37 as investors deserted the overpriced IPO ($45-6).
Techs were off 242 late on having hit a low of 7633 (-284) & the 500 down 63 after 88 points lower.
Heading into the final hour stocks are trying to rally with Gold up $13 but oil off at $70.27.
Its still the worst May to the 13th for stocks since the 1970s. At close the Dow had fallen 617 its bigest one day fall since Jan 3, the 500 down 70 & the techs off 270 as investors sat on their hands noticing a weak Dow futures for Tuesday.

On the Far Eastern mrkts
which were lower in early dealings stocks rebounded strongly led by SH down just 14 with SK up 6. In HK, Macau stocks dragged the Hang Seng down some 440 points and TK has regained 100 of early losses.

The nos: Oil $70.54
Gold $1299. Coin $8057.
Vix 21. $ 1.296. € 1.153.
FF +7. DF +76. MSCI 500.
Morning all.

Oil $71.19

All Far Eastern mrkts are lower this morning (HK closed) as the talks wrapped up with nothing resolved.
VP Liu He said China would not compromise as a matter of principle unless tariffs were lifted before for striking a deal and China could manage the challenges posed by the impasse. Trump retorted "we are right where we wanna be with China and he accused China of ripping off America"

There seems no relief in the short term and Trump tweets cont to provoke and prolong the uncertainty which continues to drag on regional growth.

The nos: Oil $70.80.
Gold $ 1284. Coin $7041.
Vix 16. FF+7. DF -222.

Morning all.

Next wk is the PGA the 2nd Major and good to see Spieth running into some form but as usual loads of birdies ruined by too many bogeys and doubles,10 dropped so far.

I'm on him at the Byron Nelson for (6) place (25s) money only. Currently t10
(33s).

Priced at 33s for the PGA I have a small interest already and might add if he doesn't blow up in rnd 3 or 4.

At the bell equities headed South the Dow nose-dived c.360 by 11.00am. Comments from Mnuchin that talks had been constructive saw a swift turnaround the Dow almost erasing earlier falls by 1.00pm.
At close the Dow had a 473 turnaround finishing up 114 on the session but down 563 on the wk.
As the master of the deal Trump told a large gathering of reporters that China had total respect for his 'large brain' & relations remained cordial...What a dick!

Overnight the 10% tariff on $200bn of goods was raised to 25% ex (goods in transit) with a further $325bn scheduled.
To date the Chinese have yet to respond hoping to evade an all out trade war.
What is known, is that China will find other routes and mrkts for their goods if forced into a corner.

Asian mrkts were mixed on Fri close but the SHCOMP flew up 3% on hopes of a deal and talk that Peking had intervened in the mrkt. Over the wk all mrkts ended lower, TK -914, HK-1532 & SH -144.

On Wall St all eyes were on first dealings in Uber priced to 'go' the stock opened below indicative prices of $44-46 and hit a low of $41, by close Uber was changing hands at $41.57 an 8% fall.
Lyft the hail- a- ride stock is off some $37 from its $90 IPO price.

Earlier London mrkts closed mixed the ftse off 4 at (7203) but 178 down on the wk. The All Share u/c but 91 lost on the wk and the 250 fell 338 on wk.
What little positive mrkt sentiment is wearing off as the trade standoff is far from settled. Like Brexit this drags on and on, very unsettling for investors.

The nos: Oil $70.77.
Gold $ 1287.Coin $6374.
Vix 16. $ 1.29. € 1.15.
MSC1 511. 350 OG 8871.

G -10
GKP -8
DNO -28 (-14%).

PS. Well done Boyo my money was on you.

Morning all.

There's way too many ifs'n but's for my liking. Let's deal with the here and now. All else is wishful thinking.

Blimey these o..lies do like chucking money around, Andarko will have to pay a $1bn break fee!
Ffs they could have bought G twice over. Has anyone got any bloody brains / foresight in this sector?

Well..we're 1/3 through May and the 100 is down
214 and G has lost 24.
Early days if you follow the Sell in May strategy (I don't think many do) but it's already thrown up buying opportunities sub 210 for the longtermers.

With oil bouncing around $69-74 this last month, it's worth keeping an eye on the oil futures mrkt for early indications. July futures are priced at $70.35 thereafter sub $70.

Generally speaking its not wrong to follow Directors into the mrkt if they are buying.
His purchase of 35472 for his own account at c.212 lends one to think he must believe G is trading below intrinsic value.
If Bill Higgs doesn't know the 'what's what' then we can all go home.

Trumps on going trade spat with China sank mrkts in the Far East, the Yuan falling to a 4 month low and London 64 down at close (7207) as the Dow opened way lower than expected and currently off 392 at mid session.

US mrkts turned higher in the afternoon after Trump tweeted he has an 'excellent alternative'. The Dow closed down 139, the 500 off 9 & the techs lost 33.
The new tariffs imposed by Trump will take effect at 12.01am on Friday barring any dramatic turnaround by the Chinese. Prospects look dim for this 11th round of talks.

Uber IPO hits the mrkt on Friday for first dealings and will price the stock between $44-$50 after today's close. Recent debutant Lyft a hail-a-ride Co has seen its shares drop 25% since first dealings a couple of weeks ago. The timing could have been a lot better with drivers on strike worldwide.
Uber starts at $45 a pop valuing the Co at c.$82bn on losses of $1.8bn (last).

In Asia mrkts are modestly higher on hopes of a deal. Souring talks are America's support for Taiwan & the 'Belts and Road' project on mainland China which is a poke in the eye for Uncle Sam.

The nos: Oil $ 70.51.
Gold $ 1285. Coin $ 6307.
Vix 19.10. $ 1.30. € 1.16.
MSCI 509. FF +45. DF -70.

Morning all.

London ignored falls in the Far East (TK -321,HK -360, SH -33) to close up 11 (7271) the 250 gaining 66 as Trump eases trade tensions with talk of a deal. We shall see as there have been as many false trade dawns as Brexit bloody votes.
As London closed the Dow had gained 17 as the mrkt responds to every trade headline on the wires. Off 70 the Dow had pulled back 110 by mid day.
With little to excite traders the indexes moved sideways till the last half hour when sellers dumped stocks the Dow fell 100 to close up just 2, 500 down 5 & Nsdq lost 20.

In Asia stock fell from the off, TK down 216, HK fell 567 and SH lost 41 as Trump said "China broke the deal, but it will all work out"

The nos: Oil $69.90.
Gold $1283. Coin $6149.
Vix 19.4. $1.30..€1.16.
MSCI 513. FF-16. DF -21.

Morning all.

DNO down c.4p on results.

The ftse got the shivers slumping 120 (7260), the 250 down 239 (19466) both at close, on Trumps unhinged tweets & downgrading of German & Euro economy. Fallers were 5 to every 1 buy on an extremely volatile mrkt.

US regulators should be feeling Trumps collar on tweets directly impacting the mrkts under abuse of privileged position.

Overnight Asia provided no relief...... eyeing Dow futures the Nikkei fell 335
with SH & HK up 20 & 153 respectively in directionless trading.

Wall was only going South, slumping from the off the Dow fell 458 by 10.00 am extending Monday's losses as officials confirmed tariffs will be imposed on Friday.
Until resolution the mrkts will take fright at the meer(est) hint of trouble and crazy as it may seem mrkts binge on Trump and his scatterbrain verbiage to drive volume.
That it did, the Dow fell as low as 25789 (-650) late in the session but rallied in the final hour to cose down 473 at (25965) the 500 off 48(2884) and the techs lost 160 (7964).

In Japan Toyota posts a drop of 25% in profits which shook invstrs as Asian mrkts tumbled, TK off 380, HK down 208 and SH fell 3 all fixated on trade talks starting Thursday.

The nos: Oil $70.21
Gold $1288.Coin $5821.
Vix 19.3. $ 1.30. € 1.16.
MSCI 513. FF n/c. DF +50.

Morning all.