Member Info for JohnLewis79

Trades and deals were slightly down on (wk4) shares unmoved at 890-930. No news to move the shares the market makers happy to trade in the spread though buys outpaced sells over the week by c.2•4:1.

MSi yields c.3% covered 1•7x but never gets a mention in attractive Aim stocks paying a dividend of which it has 7x in the last 10 years. In 2022 Aim companies paid out over £1bn in dividends to shareholders.

Wk 5

MSi 910

Last 640

----

T/trds 89

T/vols 55,000

Buys 39,300

Sells 15,700

Buy % 71

Av trd 618

Av £ trd 890

------

Aim -1•6%

Ftse -1•5%

All -1•6%

250 -2•6%

---------

DJ +3%

SP +4%

NS +5%

R2 -3%

-------

Is it any wonder UK private investors are deserting the UK mrkt in droves due in the main to lowly valuations and the cost of living crisis leaving little incentive to invest in London.

According to the Funds Investment Assoc, 2023 will be the worst ever year for outflows from UK Funds. Around £25bn has been taken out of the UK mrkt in the last 2 years alone.

Head of investment analyst at AJ Bell said equity Funds have been heamorrhaging money since 2016 as more and more companies seek to list overseas. Over 8 years of pain more than £46bn has been withdrawn from UK equity funds by retail investors who have become fed up with good companies producing excellent results being ignored.

UK equities continue to underperform almost every other mrkt bar China despite David Schwimmer boss of the London Stock Exchange 'bigging' up UK equities as the best place to invest ones money, its a sobering fact that their own pension scheme has less than 2% invested in UK stocks. Go figure!

FF up 61 & DF called 18 better.

DJ +370 (38,250)

SP +61 (4906)

NS +207 (17,345)

R2 +14 (1280)

WTI $74

10ytb 3•888%

-----------

MSCI(W) +21 (3227)

Gold Bugs +8 (227)

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

Latest :- Vix 14. Brent $79.

Gold $2055. Copper 3•838.

Palm $970. Silver $23•285.

$1•275. €1•172.

FF DF

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

Nyse data

Issues 2974

Advances 2135

Declines 797

U/c 42

T/vol(bn) 4•4

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

US stocks rebounded on Thursday as a broad based rally sent indexes to new highs led up by the tech based Nsdq. Fourth Q trading is going full blast with 208 of the 500 having reported and 80% of those have beaten consensus earnings. In particular.....

......Shares in Meta rose in extended trading reporting better than forecast revs and profits in Q4 and declaring its first ever dividend of 50c. Shares surged after hours putting on $60 to $454 as the company said it would start a $50bn buyback program.

Not to be outdone Amazon posted nos that sailed past analysts forecasts. Stock added $11 to $171 a 14% jump in Q4 nos as the company predicted growth in its cloud bases business. In the 3 months to Dec the division reported $24bn in revs.

However Apple disappointed on worries over sales in China the stock eased $5 to $181 as sales were impacted by a resurgent Huawei. Tim Cook is staking a lot on its Vision Pro AR/VR spatial headset priced at $3499 for it to be a success and uptake is crucial Vision Pro will need developers to build apps for it.

Morning all.

The Fed as forecast left rates on hold maintaining their target range for Fed Funds at 5•25%-5•50%. They said it was not appropriate to lower rates until it has gained greater confidence that inflation is moving substantially towards their 2% target over the long run. Odds on a March cut dropped to 37%.

Stocks took fright at Powells comments the major averages finishing the session at their worst levels of the day. On the month the S&P gained 1•6% (79 points) the Dow put on 460 (1•2%) and Nsdq added 311 (1•8%). In the UK the ftse100 closed January 102 points (1•3%) the better.

Techs took most of the flak, Google ($142) lost $11, after a slump in advertising revenues undermined investor confidence. Advanced Micro lost 3% as the chip maker failed to meet Q1 revenues dragging down FAANGs & others in the sector. Flix $564 bucked the trend on further consideration of the landmark deal with WWE RAW the longest running televised wrestling programme.

US regional banks skidded on news of New York Community Bancorp's surprise loss and slashing of the dividend. Shares in the bank tumbled 38% to $6•50 the bigest faller of the day. Tesla ($189) never out of the news fell $4 after a Delaware Judge tossed out Elon Musks record breaking $56bn pay package. Musk was heard telling the the judge to 'do-one'

--------

Nyse data

Issues 2916

Advances 616

Declines 2227

U/c 73

T/vol(bn) 4•7

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

DJ -317 (38,150)

SP -79 (4846)

NS -339 (17,137)

R2 -33 (1265)

WTI $76

10ytb 3•940%

-----------

MSCI(W) -31 (3205).

Gold Bugs -1 (219).

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

Latest :- Vix 14. Brent $81.

Gold $2042. Copper $3•878.

Palm $987. Silver $23•095.

$1•268. € 1•173.

FF -35. DF +37.

Morning all.

DJ +134 (38,467)

SP -3 (4925)

NS -120 (17,477)

R2 -6 (1299)

WTI $78

10ytb 4•015%

-----------

MSCI(W) u/c (3237)

Gold Bugs -2 (220)

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

Latest :- Vix 13. Brent $82.

Gold $2036. Copper $3•891.

Palm $960. Silver $23•190.

$1•268. €1•171.

FF +7. DF +9.

-----------

Nyse data

Issues 2913

Advances 1364

Declines 1467

U/c 82

T/vol(bn) 3•8

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

Morning all

On Wall St stocks moved higher over the course of the trading session. The DJI and 500 set new record closing highs while the NSDQ reached its highest level in 2 years.

A notable pull back in t/bill yields contributed to the mrkts uptick the Dow climbed 224 thanks to a 200 points jump in the last 2 hours taking the index into plus territory for the year (1•71%) and the S&P gaining 3•3% ytd. The techs which led the mrkts last year continued their strong run

gaining 4•6% so far this year On the back of FAANGs outperforming.

Microsoft continues its dominance over Apple as the most valuable company in the world by mrkt capitalisation ($3•045tn v $2•964tn). By earnings Saudi Aramco takes top spot double that of Apple ($247bn v $118bn) with Berkshire Hathaway in 3rd with $100bn earnings.

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

Nyse data

Issues 2925

Advances 2062

Declines 788

U/c 75

T/vol(bn) 3•5

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

DJ +224 (38,333)

SP +37 (4928)

NS + 175 (17,596)

R2 +15 (1305)

WTI $77

10ytb 4•055%

-----------

MSCI(W) +20 (3236)

Gold Bugs +3 (222)

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

Latest :- Vix 14. Brent $82.

Gold $2033. Copper $3•867.

Palm $1005. Silver $23•275.

$1•271. €•174.

FF +36. DF -50.

Morning all.

Very quiet start to Wk5 as it seems to be everywhere, especially outside of the mrkt.

Today just c.8000 shares were traded buys outpacing sells by c.10:1 on 14 deals.

For a bit of context my local has been deserted for most of Jan as far as footfall is concerned. For sure the weather has been against going down the pub. Opening the doors to an empty pub in the freezing cold is never an attractive prospect.

Despite having Sky Sports on 24 × 7 and a warm fire to entice passers by the cost of staying a few hours has become prohibitive (anywhere from £5•50 to £7+ for a pint in my area). Overstay and you could spend a goodly portion of your state pension in an afternoon.

I'm told takings are 65% down with on occasions just 8 punters in the pub for an afternoon session. That's unheard of and some Sundays you may as well close the doors.

Once a thriving near city centre pub (6 miles South of Charing Cross) in an affluent area my local struggles to attract customers as prices increase and punters stay away supping cans in doors for nothing money. Its a deadly combination where there are no winners. No more 'happy hours' these days.

I'm told when you add in the total cost of opening your doors, to break even you need to take £2000+ minimum a day. I know of one local that's lucky to be taking that Mon-Fri!

Goodness knows where we go from here! I guess like an overstuffed mrkt with too many hopeless companies a reckoning is a 'comin.' It may already be here!

Evening all.

The big news out of Asia this morning is Evergrande the embattled debtor whose shares were halted after a court ruled to liquidate the property developer. The stock was suspended at 0•16HKD. Justice Linda Chan said its time for the court to say "enough is enough."

The news largely expected did not impact other Hong Kong stocks bouyed by vague rumours the Chinese Central Govt will step in to support other property companies in an attempt to curb a mrkt sell off. The property sector accounts for c.25% of the Chinese economy. The SHCOMP is down 11% over 52 weeks.

Shares in HK dragged themselves off lows to cross the gain line up 100 near the close of business. Noone is convinced the blood letting is over as the Hang Seng nears its 52wk low of 14,794 (high 22,624).

Japan's Nikkei is notably higher with financials, autos and industrials leading the way on sustained buying interest from investment companies. The 225 is up nearly 8% so far this year well ahead of other SEA exchanges.

Mrkts in Pacifica & Sydney tread water on lmited interest from overseas investors. Malaysia leads the area rising 4% ahead of Jakarta & Singapore while the ASX200 is little changed at 7578.

Latest :- Vix 13. Brent $83.

Gold $2027. Copper 3•840.

Palm $960. Silver $23•025.

$1•270. €1•172. 10ytb 4•13%

FF -5. DF -43.

Morning all.

Here are the next batch of MSi nos wks (5-10). Closing wks sp and volumes.

Wk 5 (637p) 77,000

Wk 6 (610p) 34,000

Wk 7 (650p) 53,000

Wk 8 (580p) 8,000

Wk 9 (535p) 15,000

Wk10 (550p) 52,000

There was no 'material' news to effect share prices during this period and the UK major indexes closed as below.

Wk 10

Aim (850) +14

Ftse (7748) +295

All/s (4299) +224

DJ +60 (38,109)

SP -3 (4891)

NS -96 (17,421)

R2 +2 (1290)

WTI $78

10ytb 4•143%

-----------

MSCI(W) +4 (3216)

Gold Bugs -1 (219)

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

Close :- Vix 13. Brent $83.

Gold $2019. Copper $3•853.

Palm $960. Silver $22•905.

$1•270. €1•170.

Yen 148. Yuan 7•10.

FF -1. DF -17.

Morning all.

Investors have had their fill of MSi this week so a bit of a hangover from last weeks 114,000 volume of trades. Share deals were mostly in the spread and trending down for the week. MSi closed wk 4 at 880-920. The nos below are wks (1-4) aggregated and indicative only but accurate enough to form an opinion.

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

Wks 1-4

Sp 850-910

----------

Buys 214,800

Sells 171,900

T/vol 386,700

T/trds 477

Buy % 56

Sell % 44

Av trd 811

Av £ 4770

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

Ytd

Aim -2%

100 -1%

250 -2%

All -3%

-------

Evening all.

Investors have had their fill of MSi this week so a bit of a hangover from last weeks 114,000 volume of trades. Share deals were mostly in the spread and trending down for the week. MSi closed wk 4 at 880-920. The nos below are wks (1-4) aggregated and indicative only but accurate enough to form an opinion.

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

Wks 1-4

Sp 850-910

----------

Buys 214,800

Sells 171,900

T/vol 386,700

T/trds 477

Buy % 56

Sell % 44

Av trd 811

Av £ 4770

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

Ytd

Aim -2%

100 -1%

250 -2%

All -3%

-------

Evening all.

Strong economic data boosted Wall's main indexes in Q4 as the economy grew faster than expected at 3•3% on strong consumer spend and jobless claims up less than thought. For week ending Jan 20 the nos filing new claims came in at 214,000 well within analysts expectations.

On stocks Tesla caught the eye tumbling $25 to $183 on growth warnings dragging down Rivian and Lucid Group. Most commentators think the days of stellar rises for Tesla shares are over. Ytd the stock is down 26%.

Among other movers Boeing slipped 7% to $200 on maintenance concerns as American gained 10% to $15 on upbeat annual profits. Southwest was unchanged at $31 on narrowing 4Q loss.

DJ +242 (38,049)

SP +26 (4894)

NS +18 (17,517)

R2 +9 (1288)

WTI $77

10 ytb 4•094%

-----------

MSCI(W) +9 (3212)

Gold Bugs +3 (220)

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

Latest :- Vix 13. Brent $81.

Gold $2019. Copper $3•853.

Palm $1010. Silver $23•020.

$1•270. €1•172.

FF +28. DF -141.

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

Nyse data

Issues 2912

Advances 2205

Declines 632

U/c 75

T/vol(bn) 4•02

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

Morning all

The Dow started brightly but over the session gave back most of the gains to end down 99 points. Volumes on US exchanges were above average at c.12bn helped by the 500 hitting a new record.

Tesla disappointed on Q4 revenues and said vehicle volume growth will be "notably lower." Shares fell $11 to $195 after hours. The S&P climbed for its 4th straight record close as MSOFT ($404) hit an all-time high lifting its mrkt cap to over $3tn just ahead of Apple. Other tech heavies benefitted, Google and Meta each rose over 1% on investor interest.

Results from ASML Holding pointed to a recovery in global chip demand boosting Nvidia ($616) the 6th, largest Co in the world and Broadcom ($1260) which is attracting new investor interest. News that some big tech firms are to partner the US Govt on Ai research projects helped the sector.

It wasn't all roses for stocks AT&T fell 3% on profits below expectations but has joined up with Google in a $155m first phase strategic investment in AST Space Mobile helping to fund its direct-to-smartphone connectivity constellation.

DuPont ($64) slumped 14% after issuing a profit warning as weak demand from China saw its stock suffer its worst day in over 4 years. The merger between DuPont and Dow inc in 2017 has not been a success as they then split into 3 companies in 2019.

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

Nyse data

Issues 2903

Advances 1242

Declines 1557

U/c 104

T/vol(bn) 5•0

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

DJ -99 (37,806)

SP +4 (4869)

NS +95 (17,499)

R2 -9 (1279)

WTI $75

10ytb 4•156%

----------

MSCI(W) +13 (3204)

Gold Bugs -7 (217)

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

Latest :- Vix 13. Brent $80.

Gold $2015. Copper $3•869.

Palm $970. Silver $22•880.

$1•272. $1•168.

FF -16. DF +94.

Morning all.

Morning Widster77, first I would say it would be sensible to await the 55p dividend payout then make a decision on whether you think the company can grow the business given the 'tight' margins. Seems to me they are buying revenues in the expectation of bigger growth down the line. Gut feeling the sp is underpinned at c.80-90 as there will be plenty of "flying air miles."

I'm holding until the board have completed the SAS acquisition and decided on the "55" I've no idea why it's taking so long since we completed the sale of Jet East and why we are being kept in the dark on returning cash to shareholders. Buffet would give you a decision on a $BN deal in 5 minutes with a handshake to cement the deal.

The S&P notched its 3rd straight record close as investors wait Q nos from the "Magnificent 7" group the big driver of equities in 2023 as key to whether the rally cont or loses steam.

Netflix blasted past Wall's estimates for subscription nos in Q4. In after hours the stock put on $42 to $534 on news the Co added 13•1m new subscribers for a total of 261m paid up memberships. Verizon Comms jumped 7% posting its highest Q subscriber additions in 2 years. Next big Co is Tesla which has had a rocky ytd (-16%) results due after the bell on Wed.

Going south 3M ($96) tumbled 11% on dour annual earnings and J&J dipped 2% on flat revenues outlook. With the 500 trading at 20x earnings well above its long'term 16x there's plenty of scope to disappoint investors.

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

NYSE data

Issues 2906

Advances 1355

Declines 1434

U/c 117

T/vol(bn) 3•92

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

DJ -96 (37,905)

SP +14 (4865)

NS +74 (17,404)

R2 -7 (1287)

WTI $74

10ytb 4•122%

-----------

MSCI(W) +2 (3191)

Gold Bugs +5 (224)

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

Latest :- Vix 13. Brent $80.

Gold $2026. Copper $3•808.

Palm $970. Silver $22•250.

$1•270. €1•169.

FF +18. DF +35.

Morning all.

DJ +138 (38,002)

SP +11 (4850)

NS +16 (17,330)

R2 +24 (1295)

WTI $75

10ytb 4•093%

-----------

MSCI(W) +13 (3189)

Gold Bugs u/c (219)

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

Latest :- Vix 13. Brent $80.

Gold $2032. Copper $3•779.

Palm $1005. Silver $22•395.

$1•274. €1•167.

FF +14. DF -7.

Morning all.

Crazy low price what with £11m cash no debt decent cash flow and a give away mrkt value. So here's the 'BUT' its stuck in an awfully cut throat competitive sector which will throw up opportunities to expand on the cheap so to speak.

Am in on a joint on a 6 month view.

Japan is trading significantly higher this morning as the benchmark Nikkei 225 moved above the 36,300 level to a 34 year high. At the mid session close the Nikkei had put on 412 points. In a late spurt the Nikkei closed up 583 at 36,547 new all time highs.

Elsewhere in Asia Shanghai, Singapore & Indonesia were all in the red.

HK continued its poor form of late falling below 15,000 at 14,977. Its been the worst 3 week start for the Hang Seng index since 2016. At the halfway break the index had dropped over 10% ytd. The 1 and 5yr lending rates (3•45% & 4•20%) remained unchanged which disappointed investors hoping for some stimulus from Beijing.

Foreign investors have zero confidence in this mrkt having sold 31•5bn yuan worth of listed mainland stocks in 2024 adding to the previous 5 months an unprecedented US $26•2bn has been dumped by investors. The all-time low was in 1967 at 59 reached retroactively in Aug 1967. In more recent times the index slumped to 2674 low in Feb 1987.

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

Latest :- Vix 13. Brent $78.

WTI $73. Gold $2020.

Copper $3•770. Palm $1005. Silver $22•315. $1•272. €1•166. 10ytb 4•115%.

FF +15. DF +18.

Morning all.

As has been mentioned elsewhere Gama is controlled by a few large holders (see below) who control the majority of the outstanding (64m shares) which leaves ordinary holders with no voice and a lot on trust.

Hutchinson 30%

Marwan Khalek 22%

Rozzi Business 19%

Others 17%

Free float 13% (832,000)

Rozzi Business Inc is incorporated in Panama but who the beneficial owners are is unknown. I'd guess friends of the CEO. Recent news has been positive with the potential acquisition of Specialist Aviation Services which generated £24m of revenue in 2022.

Hopefully this will go to remedy the poor or rather 'wafer thin' margins (10%) the company has been making. They need to improve the returns, 10% is too skinny for my liking. I think returning 55p of (dividends?) to holders is a good move particularly for those who think the company

wouldnt use the money wisely.

Warren Buffet never paid a dividend to share holders in his life arguing he could put the money to work more profitably than anyone else. Noone argued with him.

So the Gama board have sensibly absolved themselves from acting like fund managers by returning a proportion of our money for us to invest. That may or may not include buying Gama in the open market once the SAS deal is concluded.

Morning all.