Member Info for JohnLewis79

US mrkts are closed for Independence Day which commemorates the ratification of the Declaration of Independence on the 4th, July 1776, establishing the United States of America.

Nearly to the month 120 years later the Dow Jones opened for business at 40•94 tracking the 12 largest US companies of which General Electric is probably the only one we know these days. GE was

dropped from the index in 2018 but appears in the S&P 500 under GE Aerospace.

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MSCI(W) +7 (3569)

Gold Bugs u/c (277)

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Latest:- Vix 12. Brent $87.

Gold $2361. Copper $4•571.

Palm $1045. Silver $30•835.

$1•277. €1•180.

FF +25. DF +27.

Morning all.

Nyse data

Issues 2866

Advances 1915

Declines 873

U/c 78

NH 109

NL 22

T/vol (bn) 3•7

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DJ -24 (39,308)

SP +28 (5537) R

NS +174 (20,187) R

R2 +1 (1292)

WTI $83

10ytb 4•364%

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MSCI(W) +25 (3562)

Gold Bugs +10 (277)

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Latest :- Vix 12. Brent $87.

Gold $2355. Copper $4•523.

Palm $1050. Silver $30•690.

$1•274. €1•182.

Yen 161. Yuan 7•27.

FF +15. DF +29.

Morning all.

Shares little moved despite buys outpacing sells by nearly 4:1 today. Must say the jobbers are very generous to new incoming buyers. Though vols are not as large as last week at the half way stage total volume was over 128,000 (171,000) which was healthy enough. Deals approaching 150 on the week to date.

Evening all.

Nyse data

Issues 2881

Advances 905

Declines 1891

U/c 85

NH 72

NL 58

T/vol(bn) 3•5

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DJ +162 (39,332)

SP +34 (5509) R*

NS +200 (20,012) R*

R2 +5 (1291)

WTI $83

10ytb 4•438%

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MSCI(W) +18 (3538)

Gold Bugs +1 (267)

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Latest :- Vix 12. Brent $87.

Gold $2333. Copper $4•445.

Palm $1040. Silver $30•010.

$1•268. €1•181.

FF +35. DF -35.

Morning all.

* Record close.

Speak softly and carry a big stick so said US President Roosevelt. It goes without saying the first duty of government is the defence of the Realm so it's disturbing to read our armed forces cannot defend the country properly.

The military, according to Rob Johnson a senior official would run out of ammunition rapidly as our defences are too thin and we are unprepared to fight an armed conflict. Our Army, Navy and RAF need rebuilding.

The Tories have pledged to spend 2•5% of GDP by 2030 to a total of £70bn a year. Starmer has been evasive not committing to a date though he says Labour will also boost funding.

Its too late to become an election issue but one Starmer must confront as a priority should Labour win the general election on Thursday, else everything he intends to achieve will become irrelevant.

Nyse data

Issues 2881

Advances 905

Declines 1891

U/c 85

NH 72

NL 58

T/vol(bn) 3•5

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DJ +51 (39,170)

SP +15 (5475)

NS +129 (19,812)

R2 -11 (1286)

WTI $84

10 ytb 4•446%

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MSCI(W) +8 (3520)

Gold Bugs -2 (266)

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Close :- Vix 12. Brent $87.

Gold $2327. Copper $4•406.

Palm $1030. Silver $29•590.

$1•263. €1•177.

FF -25. DF -35.

Morning all.

Shares inched up 5 on buys outpacing sells by a ratio of 5•4:1 on the session. On a p/e of 15x earnings still way below comparable US Aero & Defence company multiples of 47x and 25x the US mrkt as a whole.

The margin of safety is more than enough to rate the shares a hold at the very least.

There's a bloke at Wimbledon playing with a candelabra on his head. Lew Hoad must be turning in his grave...God Bless him.

Back to the serious stuff good to see volumes of 30,000 + after last weeks big increase in turnover and buys currently outpacing sells by 5:1.

1175 obviously!

Difficult to respond to your question re: price moves. Being a long'term holder of MSi I have accustomed myself to ignore daily moves in the sp as I'm not a trader by heart. By holding longer than 5 minutes you will smooth out the ups'n downs and volatility of the shares, which let's face it you don't want to get involved in.

Take today early sellers had the sp down at the 1140 level. Had they waited a couple of hours they could have gotten 1075. For sure it doesn't always work out like that, so why take the chance unless your forced to close out a position? Trading strategy is beyond the scope of this board and as I have said for many a year....I wouldn't give myself a tip let alone you Harrywilliam!

16 buy trades, 5 sells..... shares down to 1040 tells you all you need to know.

Tav don't worry about the daily sp moves up or down, its only a snapshot in time. Sentiment may be changing

since the results but more likely imo just profit takers locking in gains. Overall I believe the ratio of buys to sells will continue to favour the buy side as there's a lot more background info to come out which may change the course of the company. Its just a matter if time and being patient.

To reach a mrkt cap of £500m MSi if still trading under the company banner would see the share price around £28 which would place the company at no 345 in the All Share Ranking List.

That looks a stretch unless we have a massive uplift in global orders and profits. In the short-term that looks out of the question but who knows in 5 years time if Ukraine is still unresolved, US military spend increases to over $1bn annually and overseas companies ramp up their Defence armaments to include more Paladin and Seahawk solutions which are being used by the Navies of Iraq, Oman, Thailand

Malaysia & Brazil.

You wouldn't discount that happening given the global uncertainties in war hot spots.

Afternoon pharmhall, it's odd the Company have little interest in promoting themselves and their products which are gaining wide recognition. By that i mean to a wider audience outside of the nuts 'n bolts. I'm not going to tell them how to run their business but perhaps a bit of showmanship and banging the drum? It's dispiriting to investors when the company win orders not even Tit'bits get a release copy.

I don't know who is responsible for promotion as the younger Bell is stuck in MSi Forks so it might be down to the cleaning lady! I think we're at a tipping point and the next move up is going to need the resources of a bigger outfit with strong sales representation as I think the current management have taken the company as far as they can. Not saying they have done a bad job, far from it but growing into a £500m+ company is a whole new ball game requiring a lot of change which Bell senior might not relish.

I'm sure all options as to the future are being discussed as the mrkt will want to be assured the board have a blueprint arranged for the next few years. Any sense of dithering or indecision will be a drag on the shares and we know mrkts are adept at sniffing out and forcing change on weak management. The fact that it's now being openly talked about is a red flag to the board. They control the company but fiduciary duty and all that....

Perhaps at the AGM holders will be able to ask Mr Bell on how he forsees MSi in the next few years and has he any plans for retirement?

Ftse All Share Index Ranking guide as of Tues, 4th June'24.

1) AZN £192•3bn

2) Shell £175•9bn

3) HSBC £131•6bn

4) BHP £114•7bn

5) ULVR £109•2bn

506) MSi £164•1m

614) IQAI £3•3m

Following excellent results the shares motored up over 110 at one time before slipping back late on the week. Buy vols outpaced sells by nearly 2:1 on c.275,000 traded.

Given the large increase in buy volume trades the shares surprisingly weakened in the face of late selling as punters rushed to take profits. Knocking 55p off the weeks high the shares ended at 1060 a 6% gain on the week.

While day to day trading and sp moves are of interest to me it pays to monitor current sentiment not immediately apparent via lse volume data. Sentiment is positive, shares are in demand and i see no reason to sell my holding given the bullish outlook.

MSi are now the main supplier of small calibre naval weapon systems to the 3 major 'Nato' navies which includes a new customer the German Navy.

The occasional 50p+ drop is to be expected given the small free float outstanding which shouldn't deter one from investing in one of the better Aim counters for the longer term.

Wk 26

SP 1060

L/yr 600

H 1080

L 493

7/88 113

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Trades 370

T/vols 274,600

Buys 176,200

Sells 98,400

Buy % 64

Av trd 743

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Ytd

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Aim u/c

100 +6%

250 +3%

A/S +5%

MSi +23%

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Morning all.

Someone said to me, MSi is so far under the radar as to be invisible. I liked that. If your not prepared to do a bit of "digging" we'll more fool you.

Gold is rarely found lying on the surface in minable quantities. I know I've been to West Africa and I never saw any lying about.

Considering the stock is up 26% ytd and has had to contend with many short-term profiteers the sp is exhibiting strong resistance to the sell-sider fraternity.

You and me are not that bothered about daily sp moves, what will be, will be. I'm far more interested in how the company reorganises itself from now on, for their will surely be one before the year is out.

Could even be before Eng gets a pass through to the final.

Well Labour are painting themselves as the party of business so I guess is a) do you believe them and b) how long before the old age tax and spend resurfaces which will see whole areas of the tax system reviewed for tax raises.

I don't believe a word Starmer says he's just a dressed up die

hard leftover from the Corbyn era. I'm sure MSi are aware of what might happen and will act to get ahead of any stealth taxes desired by labour zealots.

Robbie Burns of "Naked Trader" fame has been topping up his MSi holding.

The recent upsurge in volumes could be his fan club following his lead.

There is much to play for if one is considering buying MSi

not least the "succession" quandary alluded to by fellow holder Taverham. A 2p div was hardly generous but cash on deposit is earning and growing into a very tidy sum to reinvest into the companies businesses.

It was 10 years ago today MSi traded at 36p.