The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Billy I can’t believe you bought into TUI in this current period of the covid situation, as the travel industry is a fekin no go area I would say for at least 6 months to a year.
I’m not saying I would never buy into TUI but let them rise for at least 2 months first
I know how you feel £1800 under but that’s not the end of the world billy just be careful next time.
https://tradingeconomics.com/commodity/coal#
Feb look at this chart now glens AISC for coal is $44 per ton now look at coal in May 2018 you will see why they have declined so much
http://smh.com.au/business/companies/glencore-to-suspend-hunter-valley-coal-mines-as-china-restricts-imports-20200807-p55jlw.html
Bit of light reading guys for a SUNDAY
Ken
Grow up,
You make some good points and that’s the main reason I bailed out of glen a fair while back every time it was improving another spanner was thrown in the works.
Is fed up transferring my holding into KAZ and really glad I did I got lucky and KAZ improved much better than glen but unfortunately I soldoutof KAZ at 403 after collecting the divi so missed out on a nice rise up to 570 but that’s life.
By the way I been heavy on FRES for a while so it’s all coming together again until the next mistake lol
ATB
Ken
2020 distribution
? In light of the continued uncertain pandemic/economic outlook and prioritisation of acceleration of Net debt into the target range, the Board has determined that no 2020 distribution will be made.
No divi this year unfortunately.
Yes your correct in what you say, sometimes you have to sacrifice in this game and have what I call a rerack.
I was in HGM when it languished behind gold and just held onto it as gold was improving I was avrage at 230 but bit passed off when that offer can in at 300 so sold out as it was never going back over 300
I’ve been topping up my FRES holding all the way from 670 so we’ll happy with that one and I’m very heavy there now I also took some CEY at 200 happy there as well also traded BP and sold today at 314 put proceeds into EVRAZ was going to go into EVRAZ yesterday as I felt they were well underpriced but FXPO results were amazing this morning and pushed EVRAZ UPso mised the rise but EVRAZ report tomorrow so my gamble is it will be good and push it up another 6 to 8 % Things are doing very well for me at moment
ATB
Ken
I’m afraid it don’t look good pretty much all production is well down and I really don’t see how they can say they are sticking to guidance in these unprecedented times of shear uncertainty.
Well the proof will be in the pudding on 6th August when they release H1 financial results.
Sorry for being gloomy in this but I think they’re papering over the cracks at present.
Ken
It’s half year results for FRES today so if they’re good we could see a very nice rise and silver is still pumping it hit $26.21 around 30 mins ago but dropped back a touch now due V to the DXY gaining a bit of upward momentum it was only a small bounce but put silver and gold back in their place.
If the DXY Carries in its diwntrend to support at $90 level we could well see silver in the $30 range and GOLD $2100 now that would be nice I would be buying a nice bottle of bubbly for us at the meeting lol
I topped up my FRES holding this morning took another 6000 shares and well in profit already
Hgm doing very well but sceptical about going too heavy on it because if it turns sour it will be hard to dump
New all time high just achieved at 1922.74
With the big yanks reporting Q2 this week and I don’t think they going to be good this could push gold near 2000
I’ve now got quite a few HGM averag 230 and still holding FRES so bit of catchup after losing it in the KAZ rise fro 406
Holiday companies and airlines I’m afraid are a no go area at moment with the latest quarantine rules and TUI cancelling loads of holidays.
Ken
Yesterday so took a few but I’m thinking will they hold the price at this level until the 4th August when the decision will be made on the dividend, consensus says they will cut by 1/3rd bringing the divi annual yield back to approx 6.7% at current price
Dxy is at a critical Support point as it’s bang in the low it made on the big drop in March and also hit a low at exactly same price on 10 th January 2019 So this is the 3rd time it’s bottomed at exactly same price to the cent.
If it bounces off here it’s bad for metals if it drops further it will be good for metals, do with my current positions I’m hopping it goes down below this support level.
TROAJAN yes agree on your figures for Hgm 280 to 300 that’s what my charts predicting, I knew it would bounce Eventually it was so far behind FRES and CEY also gold was leaving it behind and I’ve played hgm before and got fed up w waiting so thought I’ll just sit and wait this time.
ATB
Ken
Ps hope your well
Have a look at that little darling fresnilla she’s a beutiful babe I’m up 50% haha what a beutiful day one door closed and another opens I’ve also been in HGM for a few weeks.
I’ve had enough of Glenda she need a good clean up.
Ken