Member Info for JohnLewis79

...of a brutal correction in global stock markts.....the world has never been so indebted....so says the AMF in its annual report. France's mrkt watchdog is bracing for a surge in global bond yields and a Wall St crash as soon as this year snuffing out the fragile recovery. The number one risk for 2018 is a big correction in stock prices the current valuation levels look too high by historical standards and across a whole range of indicators. The mrkt cap of world Bourses rose 18% last yr to £62.5 trillion. The Eurozone remains highly vulnerable with massive bailouts and costs for Germany which has the potential to destroy the eurozone. The region has no fiscal space to weather the next crisis given the debt levels. A second Greece is looming, we can't go the way of Japan, debt at 200% of GDP said Clemens Guest head of Germany's IFO Institute. The ECB has skant ammunition for an emergency..... Luckily most of us are well aware of the risks whether we do anything about it is another matter. I know I'm getting twitchy as I suspect investors are readying themselves to rush for the exits. Remember Bp lost 200p in the '08 recession & Shell 500 and there was no trade war and debt levels lower than current and no QE.. with near zero int rates.

Mostly positive in London, ftse/All share up the 250 & S/caps off a few points. The pound (1.321) gained on back of Carney signalling a hike in rates could be sooner than later. Teresa Maybe holds '3rd way' Brexit talks with senior Ministers today. The options look unpalatable to Brexiters being too complicated and over reliant on technology. Across the pond a rally in techs (Nsdq +84) drove the wider market upwards (DJ+182) - 28/30 components ended positive and 10/11 on the S&P (+23) after news that a rapprochement over auto tariffs might be on the way thus resuming cordial relations. This boosted auto stocks world wide. As to rate rises the Fed signalled there was support for at most 2 more rates rises this year which has been well flagged by the Fed . In Asia only Tokyo is blue the others fearing China (-18% ytd) and the US are on a collision course, all negative. China announced they would not implement $34bn of tariffs until the US acted later on today. That looks a given since Trump has been so vehement on rebalancing trade deals in favour of the US. Oil is off 43c to $77.11 which is above the May av price. G might be looking 'oversold' and is due a bounce imo as 31 off the sp this week looks solely down to trading 'activities' and not fundamentals..(see G IR on H's report) and not to labour that point G at 300 values the equity at c.£840m of which the fcf might hit £250m. So the Oil & Gas is worth c.£590m or 211p of which fc is 90p...what a steal! Gold the safe haven in times of trouble has tanked $100 in the last 3 months ($1257) while equities (largely ignoring headwinds) have risen (ftse +600), Dow (+300), Nikkei (+250) and Oil +$9. Morning all.

Late pull back off days low saw TM100 post a small gain but the T350 dropped 2%. Sage & Mfocus barely changed on the day. The Nsdq turned upwards at mid day and is currently up 76 (c.1%). At home & testament to the great job current management are doing was the announcement that Idea features in the top 1000 of the most exciting forward looking UK companies. There are c.5.4 million SMEs so it's an outstanding piece of PR for Ideagen and for the 3rd consec year.

Next payment will be for oil sales in April at the higher av oil price of $72.11 so c.$6 more than March and again higher for oil sales in May...not that the mrkt is in the slightest bit interested in G making more money. Strange how the mrkt is valuing the Kurd o...lies these last 3 months. Take Gkp up 100%+ DNO +15% & G +0%. But what's more alarming is G has lost c.£180m off its value these last 7 wks while Gkp & DNO have been unaffected. They sell the same oil don't they? Pretty much in the same areas? They aint getting $10 pb more than us are they? No of course Not!! So far the board has seen fit not to comment on sp movements and I'm assuming they have nothing material to say at this time. Regretably the mrkt might be aware of something unknown to the wider mrkt and might be trying to bounce the board into an announcement, else how do you explain G stock being tanked? I don't think that's the case at all but for the life of me cannot think of a rational explanation for us going South & t'others going North. Look upon it as a great entry point for fcf might be £230-£250m in a Co currently valued £666m that's c.36% of fcf as a % of the Co value!! That's crazy crazy cheap!

Seems Mr Market is in one of his manic depressive moods today. Take advantage if you can.

Ideagen named among the top 1000 small UK business enterprises for the third consec year.

...Broker should get more involved in conveying news to the mrkts. Let's face it they have many more connections than most boards!

Guys I think if you need reassuring on a monthly basis from the bod your in the wrong game. Ok...that's a slight exaggeration I grant you but I'm thinking present management are a big improvement on the Hayward era. Frustrating as it is they will update us when and if there's something of importance to announce. JFT I think you have answered your own concerns.....all is well and should there be anything amiss the bod would have informed investors by now. You know sometimes the mrkts are blind to Cos progress however good the nos. I personally think the Co Beiker

3 amigos at top end..... only if an offer is made for G and that looks unlikely given the considerable hurdles left to overcome. A couple of years down the line....who knows?

Cheers rivaldo....saw that, confirms the excellent outlook for Idea and here's hoping for more US moves in 19/20. Idea F/Y nos upcoming next 12 days or so should make for interesting reading.

FFS!

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You may remember we had an year end sp competition some months back. Thought it might be a good idea to recap. Here's the forecasts when we were all madly bullish. JL 350 Bunks 378 Without 401 Snapdog 412 Tartine 480 Marksman 525 Hydrog 550 Bobbyshaft 572 Ocelot 600 Lem 666 H 725 Yikes.....H what were you on?

Little change in London or European mrkts as trade tariffs & a no deal Brexit concerns continue to reverberate round world mrkts --(Ftse off 20 (7573), All Share & 250 down a tad / £$ 1.3224). With the US closed for Independence Day stocks in Asia are mostly off c.1% on tech weakness and China about to impose $34bn of tariffs on US imports on Friday. Due to time difference China will lead the way in imposing taxes. Currently at the mid day break Tokyo (-205) HK (-250) & SH (-24) reacting to US techs reversing gains of Monday. London called flat at open. Oil off c.50c ($77.67) with G in the summer dog house 19 down wktd. Seems no logical reason for the slide from 290+ and bullish pis should just sit out the current volatility if your not picking up some 'cheapies'. Its well known that shorting G had been a license to print money in (years past) allied to the recent vol drops and oil stubbornly below $80 we're where we are. I read no more than that into our current state...and I'm in for the long game that's to Gas and Somalia when I doubt we will be sat at 250. Morning all.

No....snapdog, your not surprised are you? Lse are having server problems etc...So it's gonna be a quiet few days /weeks until it's sorted. Not many have emigrated over to advfn so a chance to watch Wimb if your a fan and a lazy git like me...

No comeonvog I'll hang about and annoy you once this is back to normal! Anyways for footie fans Eng are 6/4 to reach final after last night's deserved last gasp win.

Morning without...until lse sort out this BB I see no point in posting I'll keep myself up to date via you guys.

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I'm off to Britoil BB...see ya.

See Idea news site...