Member Info for JohnLewis79

Apologies yesterday's update was inaccurate. Should have read Sells 21,820 and buys 16,420.

One should not read anything into the current share price falls for as most of us know its a snapshot in time. Currently the shares are trading more or less in the spread with no recent discernable direction apart from some weakness noticed around 850-870.

As long as your an investor holding longer than 5 minutes with a view to match you should do reasonably well in the years ahead but as ever you need to stay the course through good and bad times.

MSi have had more than their share of bad times! You don't believe me? Well how about the period 1992-2004 when the sp flatlined for nigh on 12 years going from 37 to 45p. A 22% increase over the period. If that ain't stagflation I don't know what is!

But that was then. The company has moved on to take advantage of the opportunities thrown up to support Ukraine in its hour of need and build on the long standing good relationship with the US Navy as outlined by the Chairman in a recent update.

So far we have secured valuable contracts from the UK MOD, US Navy and unknown Europe contacts which have boosted our profile as a company that delivers on time and on budget. That is hugely important for a small defence contractor competing with the big boys, we have to be super efficient in a sector with high barriers to entry.

I have added to my holdings in the last week and am happy to pay 900 which was the last trade dealt today on volume of 38,240, (sells 16,420 v buys 21,820) as of today's close.

Evening all.

Beating expectations shares can only go one way in these horrible mrkts and that's down. Ignore if you intend to stay longer than 5 minutes.

Terrific nos from Kitwave this morning. An increased final dividend to 7•45p will please income seekers. The company is firing on all 6 cylinders with many opportunities in the pipe line.

At the current rate a £1bn revenue is not far off which is fantastic if they can keep up the acquisition rate and gross margins at c.20% which pretty much takes care of the important trading nos. Net assets of £84m equivalent to 120pps or 39% of the Co value underpins the shares. A very solid buy in an expanding sector.

Paul Young has grown Kitwave from a one shop outfit to a public Ltd company valued at over £200m in 35 years, a remarkable achievement. He will be missed.

DJ -62 (39,069)

SP -19 (5070)

NS -4 (17,933)

R2 u/c (1296)

WTI $77

10ytb 4•277%

-----------

MSCI(W) -8 (3326)

Gold Bugs -3 (204)

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

Latest :- Vix 14. Brent $81.

Gold $2033. Copper $3•848.

Palm $957. Silver $22•535.

$1•268. €1•169.

FF -13. DF -14.

Nyse Data

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Issues 2911

Advances 1136

Decliners 1689

U/c 86

T/vol(bn) 3•8

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A dull day on the Street for most investors as stocks paused for breath after the rises of last week, the Dow climbing over 600 points (6% up to date).

The S&P has risen 15 out of the last 17 sessions something that has only happened once in the last 50 years. Yesterday the index added just 2 points as investors cont to fixate on all things tech. Micron Tech which has lagged other firms put on $4 to $90 while Nvidia ($789) slipped back as hedge funds took profits on FAANGs.

Berkshire Hathaway hit an all-time high of $647,000 but slipped on profit taking after news its power company was being investigated by the Govt. That sent the class A stock down to $615,536 on its 2•170m outstanding.

Buffet warned investors in his annual letter that the 'eye-popping' boom days are over for the company on lack of opportunities that can move the needle. However he continues to pile u cash now a staggering $167•6bn equivalent to the 74th largest US company by value and more than Unilever and BP.

Bigest loser on the day was Intuitive Machines ($6) plunging 35% after the company said its Odysseus spacecraft had tipped over after touching down on the moon's surface.

Morning all.

UK defence / related companies (all time) share price returns.

BAE (1988) +1222%

RR (1988) +790%

Msi (1988) +696%

Chem (1993) +692%

Serco (1993) +663%

Senior (1988) +298%

Cohort (2006) +268%

Babck (1993) +186%

Qinetic (2006) +72%

Avon (1988) +47%

Some tough nos to beat tomorrow which I expect they will.

Revs £503m

Pbt £17•8m

Div 9•25p

GP 20%

Cash £26•5m

Inflation data due this week from the US, Europe and Japan is keeping investors on the sidelines at the start of (wk 9) trading week.

In Japan stocks are being chased higher by investors in post holiday trading. The 225 closed the morning session above the 39,300 level on back of blue chips and gains in Honda and Toyota. The weakness of the yen attracting foreign investors to Jaoanese companies.

Exporters were among the bigest gainers with SumCo, Mitsubishi Electric and Marubeni all ahead on the major indexes. Secondary issues tend to be traded on the smaller Japanese exchanges like Nagoya and Sapporo the smallest with just 100 companies listed. The 225 closed up 136 on the day at 39,234.

Elsewhere in Pacifica stocks marked time but Hong Kong and Shanghai were both lower in morning trade. The Chinese Govt says it wants to boost sales of cars, home appliances and other consumer products due to worries about deflation. Over the last year Hong Kong is down 16% and Shanghai 8% on deflationary worries.

Gold is holding up well in the face of Ai mania and shares in Newmont the world's bigest gold producer slumping to a 5 year low. However Central Banks cont to support gold to make up for losses on their bond holdings.

Latest :- Vix 14. Brent $80.

Gold $2030. Copper $3•857.

Palm $990. Silver $22•850.

$1•266. €1•171. 10ytb 4•232.

FF -21. DF -44.

Morning all.

DJ +62 (39,132)

SP +2 (5089)

NS -67 (17,938)

R2 +4 (1295)

WTI $76

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MSCI(W) +4 (3334)

Golf Bugs +4 (207)

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Nyse data

Issues 2919

Advances 1750

Decliners 1069

U/c 100

T/vol(bn) 3•6

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

Close :- Vix 14. Brent $81.

Gold $2035. Copper $3•869.

Palm $990. Silver $22•975.

$1•267. €1•171.

Yen 150•6. Yuan 7•19.

FF -2. DF -29.

The Dow and 500 eked out another closing record for the week bolstered by Ai stocks. Nvidia slipped back late on but gained $48 on the week to $787 briefly passing $2tn in value.

Other big techs paused for breath. Apple, Tesla and Meta falling back on profit taking. Super Micro slumped $130 to $845 on news of a $1•5bn capital raise. Super Micro has been one of the stars of Ai advancing 201% this year and 9466% since its IPO in 2007.

Economic data due next week inc Jan personal consumption index, consumer confidence nos, durable goods and GDP 4Q growth which should give a broader look into the state of the economy. Companies reporting inc 2 retailers Lowe's and Best Buy.

Morning all.

Bloody mob has a will of own....mind you could be the useless operator!

Wk 8 saw little movement in the shares on c.69,000 traded where sells just out paced buys by 36,000 to 33,000 on 62 bargains dealt. London ftse closed 45 better on the week at (7706) unchanged on the year. Last year the ftse & All were 6% ahead.

MSi

Sp

870-900

L/yr 580

-------

T/vol 69,000

Trds 62

Sell 36,000

Sell % 52

Av trd 1015

Day nos 12

Av £ trd 683

-----------

Evening all.

Wk 8 saw little movement in the shares on c.69,000 traded where sells just out paced buys by 36,000 to 33,000 on 62 bargains dealt. London ftse closed 45 better on the week at (7706) unchanged on the year. Last year the ftse & All were 6% ahead.

MSi

Sp

870-900

L/yr 580

-------

T/vol 69,000

Trds 62

Sell 36,000

Sell % 52

Av trd 1015

Day nos 12

Av £ trd 683

-----------

Evening all.

Wk 8 saw little movement in the shares on c.69,000 traded where sells just out paced buys by 36,000 to 33,000 on 62 bargains dealt. London ftse closed 45 better on the week at (7706) unchanged on the year. Last year the ftse & All were 6% ahead.

MSi

Sp

870-900

L/yr 580

-------

T/vol 69,000

Trds 62

Sell 36,000

Sell % 52

Av trd 1015

Day nos 12

Av £ trd 683

-----------

Evening all.

Wk 8 saw little movement in the shares on c.69,000 traded where sells just out paced buys by 36,000 to 33,000 on 62 bargains dealt. London ftse closed 45 better on the week at (7706) unchanged on the year. Last year the ftse & All were 6% ahead.

MSi

Sp

870-900

L/yr 580

-------

T/vol 69,000

Trds 62

Sell 36,000

Sell % 52

Av trd 1015

Day nos 12

Av £ trd 683

-----------

Evening all.

Japan's Nikkei which has taken 34 years to scale new highs broke through 39,000 for the first time yesterday closing up 837 points. This set Wall St blue chips alight powering the Dow up 457 busting 39,000 as blowout results from Nvidia stoked an investment boom in US & global equities.

Not to be outdone the 500 enjoyed its best day in over a year rising 105 pulling the tech heavy Nsdq up 526 to over 18,000 just missing out on another record close. All 11 S&P sectors rose as investors rushed to buy

stocks overlooked by the Ai mania.

Shares in Nvidia leapt 16% closing up $124 to $798 which broke the record for the single bigest one day jump in a companies stock value in history. That rise ($277bn) exceeded the value of Coca Cola the 38th largest global company valued at ($264bn).

Now no 4 in the bigest mrkt cap company list behind Msoft, Apple and Aramco, Nvidia is valued at $1•963tn.

Others exposed to Ai also rallied. AMD ($181) added 11%, Broadcom ($1306) gained 6% and Super Micro Computer ($952) jumped 30%). Short sellers of Nvidia are est to have taken a very painful $2•9bn hit betting against the company.

Electric Vehicle makers Lucid ($3) and Rivian ($12) tumbled 17% & 25% after production nos fell below analysts forecasts. Stagnant sales have forced Rivian to cut its workforce by 10% and both companies need to cut costs massively according to Elon Musk as high interest rates are making EV unaffordable.

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Nyse data

Issues 2910

Advances 1736

Declines 1082

U/c 92

T/vol(bn) 4•0

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

DJ +457 (39,069)

SP +105 (5087)

NS +526 (18,005)

R2 +4 (1292)

WTI $78

10ytb 4•326%

-----------

MSCI(W) +58 (3330)

Gold Bugs -5 (203)

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

Latest :- Vix 15. Brent $82.

Gold $2020. Copper $3•887.

Palm $1000. Silver $22•660.

$1•266. €1•170.

FF +1. DF +53.

Morning all.

At wks halfway point buys outpacing sells by 1•9:1. Shares 870-920.

It used to be said owning a TV Station was a license to print money. These days its owning big tech and Nvidia stock.

The company duly reported Q4 nos that exceeded most forecasts. Revenues of $22bn and eps of $5•15 handily topped investor hopes and revenues for the current Q would be better than thought. Shares jumped $61 to $763 after hours for a 40% gain this year.

A mixed day for equities the Dow and 500 eked out small gains in lacklustre trading, while the NSDQ slipped 67 for the 3rd straight day on weakness in some tech and cyber security stocks coming under the hammer. In particular Palo Alto Networks cutting guidance sent the stock tumbling 28% to $272

Amazon ($170) gained on news it was to replace Walgreens in the DJIA 30 index next week, which will make the index more relevant in the modern era as Amazons wide range of interests, cloud computing, Ai, healthcare and e-commerce far exceeds the reach of Wallgreens traditional pharmacy brand.

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

Nyse data

Issues 2905

Advances 1423

Decliners 1391

U/c 91

T/vol(bn) 3•8

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

DJ +48 (38,612)

SP +6 (4982)

NS -67 (17,429)

R2 -4 (1288)

WTI $78

10ytb 4•304%

-----------

MSCI(W) -2 (3272)

Gold Bugs -1 (208)

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

Latest :- Vix 15. Brent $83.

Gold $2028. Copper $3•877.

Palm $985. Silver $22•985.

$1•264. €1•167.

FF +34. DF +112.

Morning all.

Techs led losses on the Street as chipmaker Nvidia fell abruptly ahead of its 4Q earnings report due after the market closes on Wednesday. Shares fell $31 to $694 in early dealings.

Investors fretted the nos might not justify its lofty valuation and could kill the momentum driving stocks higher such has been the hysteria surrounding the company and all things Ai. The company is facing challenges from all sides. AMD and others are developing their own Ai chips to lessen reliance on Nvidia.

Nvidia recently overtook Tesla as Wall Street's most traded stock averaging $30bn of its stock changing hands daily to Teslas $22bn. At close Nvidia was off $45 to $681 for a days $78bn wipe out.

Away from techmania Walmart the giant retailer hit a record high of $175, raised its dividend by 9% and said it would buy Smart-tv maker Vizio for $2•3bn in cash as it reported 4Q earnings beating forecasts due to higher footfall and double digit e-commerce sales. Walmart ranks no 17 in the league of bigest global companies with a mrkt cap of $474bn.

US lender Capital One backed by Warren Buffet is set to buy rival Discover Financial for $35bn in an all-share stock tie-up that is set to unite two of Americas largest credit card companies. However the deal caught the steely eye of Elizabeth Warren the senior US senator who urged regulators to block the deal on competition grounds.

DFS investors have been offered shares in Cap One worth c.$140 a significant premium to the $110 Friday closing price. Should the deal go through Cap One investors will hold 60% of the stock valued at c.$52bn.

Finally Intel ($45) put on 2% following a report on Friday that the Biden administration is in talks to award more than $280bn in subsidies to the chip industry. Intel will try and wrangle at least $10bn for itself after the CHIPS & Science Act was passed in 2022.

Nyse data

Issues 2909

Advances 1147

Decliners 1685

U/c 77

T/vol(bn) 4•0

-------

DJ -64 (38,564)

SP -30 (4976)

NS -140 (17,546)

R2 -14 (1291)

WTI $78

10ytb 4•275%

-----

MSCI(W) -13 (3274)

Gold Bugs +1 (209)

--------

Latest :- Vix 15. Brent $83.

Gold $2030. Copper $ 3•869.

Palm $1000. Silver $23•185.

$1•263. €1•168.

FF -1 DF -29.

Morning all.

US markets were closed for George Washington Day (Presidents Day) which is observed on the 3rd Monday of Feb each year. Many cities across the US organise parades, historic reenactments and marching bands in honour of past Presidents. US mrkts were all down on Friday.

Far Eastern mrkts fell today as traders reacted to China slashing 5 year loan rates by 25 basis to 3•90%, which failed to excite investors as the nation continues to grapple with a sluggish economic recovery. Shares in Shanghai expecting further stimulus were off a few points on concerns over the housing mrkt slump and knock on effects to consumer spending.

Japan trends slightly better in early deals but the 225 is well below the recent high of 38,742 as Banks were sold off partially offset by gains in big company exporters Panasonic, Canon &

Mitsubishi. Secondary counters saw the bigest rises Omron up 4% and Trend Micro 3%. The Nikkei closed down 97 at 38,377 but up 15% ytd far and away the best global performer of any stock mrkt.

On a dull trading day In Sydney the Reserve Bank of Australia kept rates unchanged at 4•35% as the ASX200 fell 7 on the session. News of Sydney Casino Operator Star Entertainment being investigated by the gambling commission for the second time wiped $300m off their value.

Shares in Star slumped 26% to 42c as it deferred release of it's half year results. A previous report found Star unsuitable to hold a gaming license as it sought refinancing twice last year at $1•20 & 60c.

Latest :- Vix 14. Brent $83.

Gold $2019. Copper 3•805.

Palm $1000. Silver $22•980.

$1•258. €1•168.

FF -6. DF -110.

Morning all.

Asian markets are mostly lower at the start of a new weeks trading following the LNY holiday break. Tokyo's 225 index was down 120 at the morning session break as exporters and techs were sold off. Motors saw little interest with Banks and financials up around 1%.

Can you believe that the 225 index is capitalised at around $4•55tn about the same value as Nvidia and Apple combined? Compare that to the S&P's $42tn valuation.

Elsewhere in Asia Hong Kong cont to suffer off 180 and down 5% already this year. Shanghai blue chips were up a touch on news that tourism revenues over the holidays were up 47% as more than 61m train journeys were undertaken. On a downbeat note the Central Bank stayed a rate cut as deflation worries companies unable to raise prices which can lead to lay offs and lower spending.

In Sydney the ASX200 ended 6 better at 7661 up 1% so far this year. Miners are better, BHP & Rio finding buyers while oils and tech are down. Retail buyers cont to believe in the gold stuff which gained as prices were supported above $20O0.

Latest :- Vix 14. Brent $83.

Gold $2020. Copper $3•807.

Palm $980. Silver $23•155.

$1•263. €1•170. 10ytb 4•284%

FF -14. DF +30.

Morning all.

After 5 weeks of gains all 3 major indexes slipped back yesterday on news of hotter than expected producer prices eroded hopes for an imminent rate cut.

Dealers now think the Fed will wait untill June before cutting 25bp. Of the 3 main indexes the Dow, S&P and Nsdq are all ahead this year 3%, 5% & 5% respectively. The Russell small off (1%).

Most megacaps fell back on profit taking though 'hot stock' Nvidia bucked the trend inching up to $727 ahead of their Q4 earnings nos due Feb 21st. Wall expects earnings of $4•56 a share and $20•4bn in 4Q revenues. The eagerly awaited nos could be pivotal for mrkt sentiment.

Nyse data

Issues 2906

Advances 934

Decliners 1875

U/c 97

T/vol(bn) 5•2

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

DJ -145 (38,628)

SP -24 (5006)

NS -160 (17,686)

R2 -15 (1305)

WTI $79

10ytb 4•284%

-----------

MSCI(W) -5 (3285)

Gold Bugs u/c (208)

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

Close :- Vix 14. Brent $84.

Gold $2013. Copper $3•822.

Palm $960. Silver $23•475.

Yen 150•61. Yuan 7•186.

$1•260. €1•169.

Morning all.

Another quiet week shares unchanged at 860-870

on c.45,670 volume some 27,000 less than last week.

Wk7

---

MSi 860

L/yr 620

-----------

L/yr (H) 935

L/yr (L) 443

-----------

T/trades 62

T/vol 45,670

Buys 25,120

Sells 20,550

Buy % 55

Av trd 736

Av £ 620

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

Evening all

US sales dropping 0•8% in Jan did not deter US stocks from moving higher on the day. Hopes that the consumer is reigning in spending and the economy slowing is potentially good news for rate cuts coming sooner than thought. A Labour Dept report showed claims for state benefits stood at 212,000 for the wk ending Feb 10 slightly lower than forecast.

On the stock market Alphabet ($144) dropped 2% after investment House Third Point sold 900,000 class A shares of the megacap dissolving its entire stake. Soros Fund Management did likewise to its Apple holding.

Buffet made moves in several of his holdings, trimming his Apple stake by 10m to 905m leaving him with massive $167bn holding. He also added to his holdings in Chevron ($154) picking up 16m taking his stake to 126m shares. Others to get the heave-ho inc Paramount Global and HP cut by 80m and 30m respectively. Berkshire Hathaway class A stock closed at $606,000 now the 8th most valuable global company.

Cisco ($49) fell 2•5% after announcing it plans to cut its global workforce by 5% becoming the latest company to downsize this year as the industry continues to squeeze out costs. To date c.140 tech firms have laid off 35,000 workers.

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Nyse data

Issues 2907

Advances 2359

Decliners 497

U/c 51

T/vol(bn) 4•1

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

Latest :- Vix 14. Brent $83.

Gold $2003. Copper $3•769.

Palm $960. Silver $23•000.

$1•258. €1•169.

FF +34. DF -54.

Morning all.