Member Info for JohnLewis79

DJ +54 (37,710) Record

SP +2 (4783)

NS -8 (16,898)

R2 -4 (1336)

WTI $72

10ytb 3•843%

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MSCI(W) +2 (3178)

Gold Bugs -6 (245)

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Latest :- Vix 12. Brent $78.

Gold $2071. Copper $3•931.

Palm $932. Silver $24•130.

$1•277. €1•153.

FF +1. DF +30.

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Morning all.

The major averages spent the day bouncing around the u/c line in choppy trading. The Dow reached a new record closing high and the Nsdq and 500 ended the day at their best levels in 2 years. Oil prices slipped on reports shipping companies have resumed travel via the Red Sea and Suez canal. Gold was in demand rising to a 3 week high as dealers bet on early rate cuts in 2024.

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Nyse data.

Issues 2922

Advances 1712

Declines 1107

U/c 103

T/vol(bn) 2•7

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DJ +111 (37,657)

SP +7 (4782)

NS +28 (16,907)

R2 +5 (1340)

WTI $74

10ytb 3•807%

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MSCI(W) +13 (3176)

Gold Bugs +3 (251)

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Latest :- Vix 12. Brent $80.

Gold $2085. Copper $3•958.

Palm $932. Silver $24•640.

$1•281. €1•153.

FF +23. DF +32.

Morning all.

Wall ended higher on a light trading day hitting its highest level since Jan 2022 boosted by int rate sensitive mega caps and chip stocks. The S&P is on track to post its bigest Q gain in 3 years and closing above 4797 would confirm the index has been on a bull run since the closing low (3586) reached in Oct 2022.

All 11 major indexes ended up helped by energy stocks reacting to crude prices as the Middle East strife caused supply concerns. Stocks in the news included Manchester United ($20•52) up 3% as billionaire Jim Ratcliffe bought a 25% stake in the club and will take over day to day operations. Bigest gainer of the day Gracell Bio ($9•85) flew up 60% after Astra Zeneca said it will buy the China based firm for $1•2bn. Intel ($50) topped the 30 leader board, Apple ($193) led the laggards.

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NYSE data

Issues 2917

Advances 2086

Decliners 737

U/c 94

T/vol(bn) 2•5

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DJ +159 (37,545)

SP +20 (4775)

NS +101 (16,878)

R2 +15 (1335)

WTI $75

10ytb 3•878%

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MSCI(W) +10 (3163)

Gold Bugs u/c (248)

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Latest :- Vix 13. Brent $81.

Gold $2066. Copper $3•921.

Palm $932. Silver $24•475.

$1•273. €1•153.

FF +44. DF +15.

Morning all.

UK Boxing Day (closed).

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Giving up some of the gains the previous 2 sessions the Nikkei managed a small up close of (52) points following the lack of any major influences from global mrkts over the Christmas period. Hong Kong remains closed. Shanghai trends lower on local factors with Kuala Lumpur and Singapore little changed. Other Pacifica's are either closed or lower through lack of interest.

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Wk 52

TK +52 (33,306)

HK (Holiday)

SH -281 (16,340)

SHZ -20 (2899)

SK +3 (2603)

TAIX +147 (17,752)

JSX (Holiday)

KLCI -2 (1452)

STI +4 (3144)

ASX (7502).

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Latest :- Vix 13. Brent $79.

Gold $2064. Copper $3•918.

Palm $932. Silver $24•650. WTI $74. 10ytb 3•889%

$1•271. €1•153.

FF +15. DF +94.

Morning all.

To all MSi holders wishing you a happy Christmas and a prosperous New Year.

A quiet end to the last full week before Xmas and the two and half days to the New Year. Volume was c.66,800 on c.128 deals buys outpacing sells by c.3•5:1. Mrkts reopen Tuesday, Jan 2.

Wk 51

MSi

870-900

Up 33%

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Ytd

Ftse +3%

All +3%

250 +4%

Aim -9%

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DJ +13%

SP +24%

NS +53%

R2 +14%

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Gold +13%

Brent -8%

Palm -10%

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DJ -18 (37,386)

SP +8 (4755)

NS +20 (16,777)

R2 +6 (1320)

WTI $73

10ytb 3•897%

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MSCI(W) +7 (3152)

Gold Bugs +2 (248)

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Nyse data.

Issues 2925

Advances 1895

Declines 932

U/c 98

T/vol(bn) 3•0

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Close :- Vix 13. Brent 79.

Gold $2053. Copper $3•901.

Palm $932. Silver $24•470.

$1•269. €1•153.

Yen 142. Yuan 7•13.

FF -6. DF -44.

Morning all.

The Santa Rally is underway by one measure near recouping Wednesdays losses. MSi deals hit 121 on volume around 79,000. Buys outpacing sells 4•6:1. Shares ticked up 850-880.

DJ +322 (37,404)

SP +48 (4747)

NS +203 (16,757)

R2 +22 (1313)

WTI $74

10ytb 3•903

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MSCI(W) +23 (3145)

Gold Bugs +3 (246)

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Latest :- Vix 14. Brent $80.

Gold $2047. Copper $3•921.

Palm $932. Silver $24•705.

$1•269. €1•153.

FF -12. DF -115.

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Nyse data :-

Issues 2921

Advances 2295

Declines 550

U/c 76

T/vol(bn) 3•4

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All 3 major US indexes posted gains as chip stocks soared led by Micron Tech winning back much of yesterday's All Share losses. Data on Thursday showed US 3Q economic growth was not as strong as initially thought and cracks are appearing in a tight labour mrkt. Traders now await the Commerce Dept personal consumption expenditure nos due today which will cover income growth, consumer spend and inflation.

All 11 sectors of the S&P ended in positive territory led by Micron Tech ($86) up 9% as Q revs topped estimates. Electric car makers Lucid ($4) and Rivian ($24) were sought after a report suggested the US is considering tariff hikes on Chinese EV manufacturers.

However a storm is circling around Tesla ($255) as tens of thousands of customers told the company about a host of car'part failures (suspension collapses/Axles breaking) on low mileage cars. The Automaker sought to blame drivers for vehicle abuse but Tesla documents show it had tracked chronic flaws & failures going back 7 years. Neither Tesla or Musk responded to these reports.

Bigest mover on the day was Triumph Group ($16) which soared 33% on news it will sell its aftermarket business to AAR Corp for $727m. Topping the Dow 30 Intel & Amex & 2 also rans Apple ($195) & Cisco ($50) propping up the laggards. US listed shares of Blackberry ($4) tumbled 13% as Q4 nos landed below expectations.

Morning all.

You have made a 143% increase on your Gama shares and you should look at your holding in those terms and not the amount. So well done. Must admit I would have expected to have heard some news by now.

The company have said they intend to pay out not less than 55p dividend but to whom and when remains unknown. Unlikely they will go back on that assurance. Really no point in doing anything until holders are updated. I'm holding.

BAE Systems has won a 5 year contract to operate traffic control and landing systems for the US Navy. The deal worth £73m will also involve the company supporting the US Marine Corps and sea guard.

BAE said it was proud to have spent 30 years helping the US bolster their readiness. It follows an award earlier worth $8•8bn with the US Army. Shares were up 22p on the news.

Wall St ended at its worst level of the day the Dow off 476 after an abrupt late sell off ended an impressive Dec rally (1131 points). If previous form is anything to go by expect a bounce-back today.

Some market watchers said the sell off could have been triggered by large purchases of 'put options' on the S&P which convey the right to sell shares at a fixed price in the future. Nevertheless all 11 major indexes closed in the red for an overdue overbought correction.

Investors focused on some disappointing profit reports. Winnebago the motor home maker said they sold fewer units. Despite discounting the stock fell 6% to $71. General Mills the consumer food company succumbed to falling sales revenues slashed its full year guidance, shares off 2% to $65 and down 30% ytd.

FedEx continues its sell off down 12% yesterday to $249 as it missed 2Q nos hit by lower demand and companies shifting to cheaper services. Ytd the shares are up 42%.

Bucking the trend Google ($139) was up 3% in early trade thanks to a promising report on the companies Ai digital advertising strategy responsible for the majority of the divisions revenue which employs 30,000 people.

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NYSE data

Issues 2925

Advances 658

Declines 2198

U/c 69

T/vol(bn) 4•2

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DJ -476 (37,082)

SP -70 (4698)

NS -258 (16,554)

R2 -23 (1291)

WTI $74

10ytb 3•863%

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MSCI(W) -32 (3122)

Gold Bugs -5 (242)

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Latest :- Vix 13. Brent $79.

Gold $2036. Copper $3•895.

Palm $942. Silver $24•560.

$1•264. €1•154.

FF -40. DF +134.

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Morning all.

Stocks on the up outpace decliners by 4•46:1 (wk 51) to date. Shares down 40p.

Wall extended its rally on Tue as broad based gains boosted all 3 major indexes for the 8th week of rising prices. Investors remain upbeat as the Fed signalled 75bp of cuts in 2024. The S&P rose to within 1% point of its all time high reached in Jan 2022 and the Russell 2000 has had a strong run in Dec rising c.12% so far and 14% ytd.

Stocks in focus inc FedEx ($253) off 8% after cutting its rev forecast as it battles United Parcel Service in what's shaping up to be a weak holiday season. Boeing ($264) was in demand as Lufthansa revealed it had ordered 40 Boeing 737-8 MAX Jets. Cat and Intel topped the DJ top 30 big board with Coca Cola and IBM among the laggards.

On the economy the Commerce Dept showed new single family homes surged 18% a near 2 year high in Nov and the S&P1500 home build index advanced 6% as 'come-and-get-me' deals encouraged buyers into the market.

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NYSE data

Issues 2943

Advances 2316

Declines 556

U/c 71

T/vol (bn) 4•0

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DJ +251 (37,558)

SP +28 (4768)

NS +82 (16,812)

R2 +26 (1314)

WTI $74

10ytb 3•912%

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MSCI(W) +22 (3153)

Gold Bugs +7 (247)

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Latest :- Vix 13. Brent $79.

Gold $2039. Copper $3•915.

Palm $945. Silver $24•410.

$1•272. €1•160.

FF +27. DF +2.

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Morning all.

13:1 buys v sells yesterday on vol of 15,136. I doubt in the run up to year end volumes will increase as news will be thin on the ground during Jan,

which is usually reserved for news on Director holdings, voting rights, holdings in company etc....

Mind you last year we did get news on a contract win for £22•4m announced on Dec 23 so you never know when good news will drop. Tbh I think we've had more than our share of good news this year.

DJ +1 (37,306)

SP +21 (4741)

NS +106 (16,730)

R2 -3 (1288)

WTI $72

10ytb 3•945%

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MSCI(W) +5 (3131)

Gold Bugs +2 (240)

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

Latest :- Vix 13. Brent $78.

Gold $2024. Copper $3•859.

Palm $930. Silver $24•130.

$1•266. €1•158.

FF +3. DF -2.

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NYSE data

Issues 2908

Advances 1384

Decliners 1432

U/c 92

T/vol(bn) 4•1

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Morning all.

Any chance of a Chrissy present this week?

With just 8 days to the end of 2023 Asian mrkts are on the back foot although optimism about rates continues to support mrkt hopes for near term cuts. However negative comments by NY Fed Chair John Williams who told NBC's "squawk box" the Fed is not talking about cuts now dampened enthusiasm. Nevertheless the chances of a •25% bp cut in March have jumped to 62% according to CME Tool watch.

The Japanese mrkt is significantly lower falling well below the 32,700 level at the break (-430) led down by exporters Sony, Panasonic, Canon and financials. Traders await the BOJ final policy meeting of the year expected to maintain their ultra dovish stance. The Nikkei ended down 225 points, up 26% this year.

In Sydney the ASX200 snapped a 6 session win streak losing 36 at session low. Losses in energy, oils and weaker gold shares dragged equities lower as traders wind down for Christmas. The mrkt closed off 16 at 7426 up 5•50% ytd.

Latest :- Vix 13. Brent $77.

Gold $2024. Copper $3•881.

Palm $965. Silver $24•280.

$1•269. €1•163. WTI $72.

10ytb 3•909%.

FF -6. DF +94.

Morning all.

One of my main concerns, is the MSi defense business too small to be bothered with by a major? Last F/Y turnover was £32•4m so small potatoes despite having a decent size moat to repel boarders and unequalled technology.

Obviously 2024/5 nos will show a big improvement the recent defense H/Y nos (£33•5m) exceeded last F/Y output. I can see the defense side has the potential to be a £100m turnover business in short order so would be a decent addition to any acquirer home grown or in the US.

Cheers Andershow08 appreciated. Had a quick look at MSi Enterprise Value after the results and the boost to cash balances (bofp calcs).

Mrkt cap(m) 149

Debt Nil

Cash(m) 50

EV (£m) 99

EV/EBITA 8-9x

Generally speaking a lower EV to Mrkt cap is more favoured as the firm carries no debt and likely a safer investment. An EV/EBITA below 10 is also considered good. MSi's c.8•6.