Member Info for JohnLewis79

End of the trading week is usually a tyding up exercise of short-term trades mixed in with some long term holders settling their accounts. MSi held on to last weeks closing nos with a small 10p gain a good outcome on results week.

I'm surprised not a single poster bothered to report anything from the Agm. I can only surmise their was nothing of interest. What that says about MSi I'm not really sure. , Was it all over and done with in 5 minutes and everyone went down the pub for a few slurps of the local brew?

C'mon spill the beans someone, at least one investor is interested. Must say I've been in some crappy stocks in my lifetime that engendered more pis interest in a week than MSi does in a year. Mind you those shares didn't perform as well so you can't have everything!

OK its different times and investors are wedded to their mobiles for info and don't need face to face comms or chat from an old fogey like me. Anyway here's the nos you have all been waiting for.

Wk

30

ytd

----

Sp 1130

L/yr 580

H 1130

L 493

7/88 113

---

Trds 116

T/vol 62,300

Buys 38,400

Sells 23,900

Buy% 61

Av trd 543

----

Ytd

MSi +29%

100 +7%

250 +8%

All +6%

Aim +1%

---

Morning all.

Nyse data

Issues 2871

Advances 1847

Declines 937

U/c 87

NH 179

NL 29

T/vol(bn) 4•6

------------

DJ +81 (39,935)

SP -28 (5399)

NS -202 (18,831)

R2 +19 (1404)

WTI $79

10ytb 4•248%

----------

MSCI(W) -25 (3491)

Gold Bugs -7 (290)

---------------

Latest :- Vix 18. Brent $82.

Gold $2373. Copper $4•127.

Palm $1020. Silver $28•005.

$1•286. €1•184

FF +20. DF +163.

On Wall St the Dow dropped 450 in the last hour of trading having been up 620 earlier. Gains and losses were split 50:50 on the day. Advances led by IBM, Boeing & Cat decliners by Msoft, Intel and Honeywell the bigest faller down $11 at $202.

Weighing on the street were continuing losses for Nvidia ($112) and other big techs which masked a market where the majority of US stocks rallied. IBM ($194) stood out with a 5% gain on stronger profits and revenues for the second Q crushing expectations. The company raised its forecast for how much cash it will generate this year expecting to top $12bn in fcf as Ai plays an evermore important role.

Airline share prices rose as American ($11) and Southwest both reported a large drop in profits. American slashed its profit forecast plan after a botched sales strategy though revenues rose in Q2 and Southwest profits sank 46% as the carrier takes urgent steps to increase revenues in the first instance by assigned and premium seating ending a decades long first come first served strategy. Shares gained 5% to $28.

The big loser on the day was Ford Motor ($11) tumbling 18% its worst day since 2008 as rising warranty costs hit an unexpected $800m and recalls hit net income during 2Q. It also said they are losing $50,000 on every electric car produced. Despite the gloom Morgan Stanley kept Ford as the firms' top pick of Detroit automakers.

Morning all.

Looks like the agm went down like a damp squib....no surprise there if investors heard little of interest or an incentive to buy. Get real this is MSi you rarely hear anything to take your pen out. Could be time to cash out if you can't wait another 6 months of silence.

I'm teetering on the edge as I have identified 2 other more friendly pis stocks with similar if slightly more risky metrics. I'm not sure I want to risk my profits here on the off chance the board acknowledge my existence as an owner as opposed to a pesky trader and won't do something foolish like spend my money!

I shall have to wait and see but the omens don't look good. The status quo rarely changes in stocks dominated by one dominant shareholder.

And in my epierience we usually have to suck it up as acting in the best interests of all shareholders is tosh, you know that don't you?

I'm surprised the shares aren't down a lot more. Seems some investors have bought the silence and all round happy clappy after meeting drinks? Bet there were no freebies at the Hilton! Whatever happened to meetings down the local. I've attended a few at Truman and Watneys Breweries over the years.

Glad I didn't spend £200+ to hear all resolutions were rubber stamped ffs! To be honest I'm surprised they bothered. Next time, if there is one and its 4/6 against have the AGM when the races are on. Maybe have the year end in Dec like most sensible companies then you can have the Agm (if anybody turns up) to coincide with a race meeting in May/June.

I've said enuff and if you attended the agm I'd like to be

put straight on my downbeat comments which were entirely based on previous experience.

Ahead of the Agm and half way on the week total vols c.42,000 on 72 bargains dealt. Buys outpace sells by a ratio of 2•2:1 shares up 30 on the week.

A nos of disappointing earnings numbers from blue chip stocks sent US equities tumbling yesterday. Nos from Tesla and Google showed a particularly steep drop taking the Nsdq down 722 on the session to its lowest level in 4 weeks and its worst day since 2022. The 500 fell for the 5th day out of 6 and the so called 'Mag 7' stocks fell between 3% & 7% as investors decided a bird in the hand is......

The overarching concern for many is where is the ROI on all the AI infrastructure spending and when will it pay off? Many are of the view the commercial hopes for AI are overblown and question the vast expense required to build the infrastructure in the face of increasing competition and rising costs.

Last week for example demand for bearish 'puts' in Nvidia outpaced 'calls'

by the most in 5 months as tech valuations have been stretched to historically 'frothy' territory and but for the sector what price the rest? Awaiting the mrkts verdict, Msoft, Apple, Meta, Amazon & Nvidia report latest Q nos next week.

Will the 'Mag7' be called the 'So,So7' when all the Q nos are known and investors reprice the sector?

--------

Nyse data

Issues 2862

Advances 494

Declines 2314

U/c 54

NH 112

NL 28

T/vol(bn) 3•9

------------

DJ -504 (39,854)

SP -129 (5427)

NS -722 (19,032)

R2 -26 (1385)

WTI $77

10ytb 4•263%

----------

MSCI(W) -65 (3516)

Gold Bugs -2 (297)

---------------

Latest :- Vix 18. Brent $80.

Gold $2372. Copper $4•061.

Palm $1020. Silver $28•055.

$1•289. €1•189.

FF -18. DF +83.

Morning all.

Not a subject that interests me having long gone past giving away my few peanuts to surviving family. But take your point it could be a headache for the Directors but they will have the best advice as to how to proceed.

So far a bit of pre AGM interest in the stock so here's hoping something concrete comes out of the meeting!

Nyse data

Issues 2878

Advances 1465

Declines 1338

U/c 75

NH 215

NL 17

T/vol(bn) 3•5

------------

DJ -57 (40,358)

SP -9 (5556)

NS -69 (19,754)

R2 +10 (1411)

WTI $77

10ytb 4•259%

----------

MSCI(W) -4 (3581)

Gold Bugs +1 (299)

---------------

Latest :- Vix 15. Brent $81.

Gold $2414. Copper $4•147.

Palm $1020. Silver $29•480.

$1•289. €1•188.

FF -24. DF -102.

A quiet day on Wall the major averages lacked direction only the Russell small caps gained putting on 10 to (1411) around 20 short of an all-time high.

Latest earning nos from Tesla disappointed as margins shrank and expenses soared despite producing more vehicles than expected helped by price cuts and incentives. Musk continues to make lofty promises about the companies future in the robotaxi world. The stock fell $24 to $227 in after hours trade. Google ($180) exceeded revs driven by digital advertising and computing services. Google's interest in Israeli cyber security firm Wiz has ended. Wiz deciding on an IPO.

However UPS seen as a bellwether for the global economy slumped 12% after package deliveries fell short as higher labour costs ate into profits. UPS fell to its lowest level in 4 years the stock tanked $18 to $127. GM ($47) fell 6% despite 2Q results beating forecasts. It reported they will no longer produce self driving vehicles without a steering wheel as making the technology work is proving very difficult not to mention regulatory objections.

Among others Spotify ($334) added $38 after posting record profits and multi year highs as the Swedish company added 7m new premium subscribers, 1m more than anticipated. Coca Cola ($65) topped 2Q earnings forecasts and hiked outlook as global demand rose just as rival Pepsi reported weaker US interest.

After the first 74 S&P companies reporting this season 81% have topped expectations. Vols on US exchanges were below average 10•6bn. Dow futures see a weak opening on Wall St today.

Morning all.

Nyse data

Issues 2863

Advances 2073

Declines 697

U/c 93

NH 100

NL 21

T/vol(bn) 3•4

------------

DJ +128 (40,415)

SP +59 (5564)

NS +300 (19,823)

R2 +21 (1401)

WTI $80

10ytb 4•240%

----------

MSCI(W) +31 (3585)

Gold Bugs +1 (297)

---------------

Latest :- Vix 15. Brent $82.

Gold $2397. Copper $4•187.

Palm $1055. Silver $29•195.

$1•293. €1•187.

FF -23. DF -21.

On Wall stocks moved higher over the course of the session with the tech heavy Nsdq seeing a strong rebound after last weeks sell off posting a standout 300 point advance to (19,823) though the other major averages also moved higher on the day.

With the Democrats endorsing Kamala Harris's candidacy for the Nov election prompted traders to unwind bets on a Republican victory that Trump would increase US fiscal and inflationary pressures.

Megacaps were sought with gains seen in Meta, Google and Tesla after being major drags on the mrkt last week. Nvidia rose 5% on reports it was working on a new version of its Ai chip for the China market that would be compliant with US export controls.

Results due this week from Google and Tesla will test top tier momentum stocks or if a move to lesser stocks will continue to attract investors. Stocks in the headlights inc CrowdStrike slumping 15% extending losses which sparked Fridays global tech outage.

Delta Air Lines dropped 4% after cancelling 600 flights as it struggled to restore operations and Verizon fell 6% on a 2Q revenue miss. Going up Mattel Inc jumped 15% on a buy out approach from Chatterton.

Morning all.

Enterprise value of MSi varies from which site you use and the calculation but its c.£142m v a mrkt cap of c.£180m. An ev lower than the mrkt cap is usually preferable as it takes debt into account which mrkt cap does not thus often used as a starter for 'acquisition' prices. This equates to a sp of 870 versus the current 1120.

A goodly 250p margin of safety if your considering buying the stock but beware if the ev is higher than the mrkt cap, then your looking at a shed load of debt which as you know does not apply to MSi though I know some investors want to load up the debt via an acquisition in the sub £500m+ range which puts Cohort plc in the picture.

That would be a step too far for me paying that kind of money for a company with similar profits to MSi. An undervalued company potentially overpaying for a company with similar characteristics is not the way forward.

However you look at it MSi needs to take the next step up the question is HOW?

On the run up to the AGM last year which was held on the 9th August the shares opened at 660 and closed at 600. I made a small note that there was no comment or news reported on the lse share talk site and the share price hardly moved through August. By year end the shares hit 900.

I'm hoping this year we will hear something substantial. A rubber stamping of the report and all's well won't suffice if we have to wait until early Dec (H/Y) for the next news.

Asian mrkts are lower at the start of week 30. Traders and investors remain concerned about the widespread Microsoft outages that hit services, banks, airlines and financial services worldwide. The underlying cause has been fixed however residual impact is continuing to affect Microsoft 365 apps & services.

Also the deepening US-Sino trade tensions, concerns about a Trump Presidency and worries about the outlook for China's growth is hurting investor sentiment. Biden's decision to withdraw was factored in as Kamala Harris steps forward to take on Trump in Nov bar a surprise challenge. Mark Kelly an ex Astronaut is considered a dark horse to challenge Harris.

Japan's Nikkei which has been hitting new highs suffered a bout of profit taking among blue chips and exporters the 225 heading 500 lower towards close led down by Canon, Panasonic and Sony. Other Far Eastern bourses followed with Taiwan's TAIX off nearly 600 (leads Asian exchanges with a 24% gain this year) and South Korea's Kospi down 34 or 1%.

Sydney is off 57 adding to losses in the previous 2 sessions with mining and energy leading the declines on falling commodity prices and gold stocks out of favour as the yellow stuff struggles to hold $2400.

Latest :- Vix 17. Brent $83.

Gold $2403. Copper $4•228.

Palm $1045. Silver $29•290.

$1•291. €1•186. 10ytb 4•228%

FF +38. DF +44.

Morning all.

Nyse data

Issues 2933

Advances 1475

Declines 1421

U/c 37

NH 604

NL 31

T/vol(bn) 4•9

------------

DJ -377 (40,288)

SP -40 (5505)

NS -182 (19,523)

R2 -10 (1380)

WTI $80

10 y/tb 4•242%

------------

MSCI(W) -26 (3554)

Gold Bugs -4 (297)

---------------

Close :- Vix 17. Brent $83.

Gold $2401. Copper $4•237.

Palm $1045. Silver $29•405.

Yen 157. Yuan 7•27.

$1•291. €1•186.

Morning all.

Shares remained unchanged on an uneventful week closing at 1120 on 73,000 traded. Bargains topped 100 which was below average. Buys continued to outpace sells by 1•6:1 which has been the trend this year.

Sp 1120

L/yr 550

H 1150

L 493

7/88 113

Shares 16•1m

-----

Trds 102

T/vol 72,600

Buys 44,300

Sells 28,300

Buys 61%

Av trd 711

----

Ytd

MSi +31%

52wk +97%

----

100 +5%

250 +7%

All +6%

Aim +3%

---

Nyse data

Issues 2880

Advances 645

Declines 2158

U/c 77

NH 246

NL 11

T/vol(bn) 4•0

------------

DJ -533 (40,665)

SP -44 (5545)

NS -94 (19,705)

R2 -21 (1390)

WTI $82

10ytb 4•213%

----------

MSCI(W) -28 (3580)

Gold Bugs -5 (300)

---------------

Latest :- Vix 16. Brent $85.

Gold $2424. Copper $4•280.

Palm $1055. Silver $29•820.

$1•294. €1•188.

FF -31. DF +43.

A broad sell off sent the "fear index" to it's highest level since May as all 4 major indexes suffered losses especially among the mid to small cap stocks which have been laggards this year. Of the 11 S&P sectors only energy posted gains on the day.

The Dow blue chips started down from the bell closing 533 lower after posting a record on Wednesday. The 500 and Nsdq fell in sympathy. Netflix ($644) one of the "Mag 7" fell despite better than expected earnings and subscriber nos of 8m in the June Q. Total subs reached a record 277m.

Among others Domino's Pizza ($409) slumped 14% after warning of slower Q3 sales but homebuilder D.R. Horton beat forecasts on home completions, shares up 10% in a strong sector.

Morning all.

At the half way point a total of 54,000 shares have been traded on double last weeks turnover. The shares opened the week at 1120. Despite buys outpacing sells by a ratio of 1•8:1 on 68 bargains dealt the shares have been on the slide since and open today at 1090.

Nyse data

Issues 2865

Advances 1157

Declines 1629

U/c 79

NH 315

NL 4

T/vol(bn) 4•2

------------

DJ +243 (41,198) R

SP -78 (5588)

NS -600 (19,799)

R2 -7 (1411)

WTI $83

10ytb 4•177%

----------

MSCI(W) -35 (3608)

Gold Bugs -5 (305)

---------------

Latest :- Vix 14. Brent $85.

Gold $2467. Copper $4•606.

Palm $1050. Silver $30•600.

$1•300. $1•189.

FF +31. DF +90.

------------

A report the Biden admin is considering severe trade restrictions against China sent microchip stocks tumbling 7% to their largest one day drop since March 2020. This sent the "Mag 7" momentum stocks to shedd $500bn of aggregate mrkt value dragging the Nsdq down 600 points on the day.

While the Dow until recently has underperformed the others, held on to a 6 day gain of 1903 points. UH, J&J and Cisco topped the leaderboard of 22 risers while Msoft, Apple & Amazon propped up the 8 laggards.

Since last Wed the big 3 indexes have been trumped by the Russell 2000 small caps 9% gain and 14% up this year so far. This volatility sent the Vix to its highest level in 6 weeks. On US exchanges an above average 12•5bn shares were traded.

Morning all.

June 2 MSi shares closed at (1000) the first time ever the shares reached 4 figs. Since the price has hit an intra-day high of 1150 and trades around 1080-1110 today. I think this is a very good performance.

On the year so far the shares are up 27% well ahead of the 100, All Share and Aim. Thursday next at the AGM would be an ideal time to confirm we have been selected to cont to supply the US Navy's 5 year procurement programme.

Agreed its immaterial another opportunity to top up lower down.

Stocks rose across the board on a records busting day for US equities. All 4 major indexes posted new all-time high closes after US retail sales data supported the view the Fed is near its easing cycle reining in inflation to its 2% level and a cut of 25bp in Sept is now a certainty.

A Trump/Vance win in Nov is a sure fire hit for investors one saying "stocks will go through the roof." Vance rose to fame after Netflix adapted his 2016 memoir "Hillbilly Elegy" into a film starring Glen Close.

Of the top 30 Dow stocks just 4 declined on the session Msoft, Intel, Chevron & Merck. Heading the risers Cat, Boeing and Home Depot gaining on average 5% on the day. Economically sensitive small cap counters scored a 5th straight day of gains ending at 1418 a new high. However in a decade long struggle s/caps have underperformed returning 8% a year compared to 13% for the 500. Today c.40% of small company stocks are unprofitable which makes stock picking crucial amongst such a popular sector for private investors.

Stocks in focus inc Bank of America whose 2Q profits topped forecasts and Morgan Stanley rose despite posting lower wealth management earnings. Schwab slipped 10% following a dip in interest income but it was the best 2Q for investment banking in 2 years a 40% increase from a year earlier. On the tech front the "Mag7" were mostly lower with Netflix unchanged at ($656) due to report on Thursday.

Nyse data

Issued 2887

Advances 2276

Declines 537

U/c 74

NH 420

NL 4

T/vol(bn) 4•0

-------------

DJ +742 (40,954) R

SP +36 (5667) R

NS +12 (20,399) R

R2 +49 (1418) R

WTI $81

10ytb 4•169%

----------

MSCI(W) u/c (3643)

Gold Bugs +10 (310)

----------------

Latest :- Vix 12. Brent $84.

Gold $2466. Copper $4•452.

Palm $1015. Silver $31•340.

$1•297. €1•189.

FF +26. DF +11.

Morning all.

Nyse data

Issues 2884

Advances 1625

Declines 1174

U/c 85

NH 306

NL 8

T/vol(bn) 3•6

------------

DJ +210 (40,212)

SP +16 (5631)

NS +55 (20,387)

R2 +19 (1369)

WTI $82

10ytb 4•213%

----------

MSCI(W) +2 (3630)

Gold Bugs -1 (300)

---------------

Latest :- Vix 13. Brent $85.

Gold $2427. Copper $4•519.

Palm $1005. Silver $30•990.

$1•296. €1•190.

FF -13. DF +60.

Wall closed higher yesterday building on Fridays rally. Investors now expect a second Trump Presidency in the wake of the failed assassination attempt. While the Nsdq and 500 ended off highs the DJI notched an all-time closing high (40,212)

led higher by Caterpillar, GS & JPMC while the 14 losers were propped up by Boeing, Verizon and Nike.

Many think a Trump Presidency will result in a more hawkish trade policy, tax cuts, deregulation and climate control cuts to name a few as the momentum in the mrkt is based on investor optimism of Trump's avowed aim of backing America first and last.

Stocks in focus inc GS whose 2Q profit nos more than doubled while dept store Macys fell 12% as the store scrapped buyout talks with Arkhouse and Trump Media soared 31% to $41 on a massive 76m traded more than 10 × the average.

Others expected to benefit under Trump included Gun maker Smith & Wessom and prison operator Geo Group. On the downside solar energy firms slid on renewable energy subsidies being curtailed and Chinese firms fell on fears of tightening trade restrictions under Trump.

Morning all.