Member Info for mick-b

I'm a BEG shareholder THEOSUS.

https://www.proactiveinvestors.co.uk/companies/news/995784/shanta-gold-says-yintai-bid-approach-is-for-cash-995784.html

Begbies Traynor (LON:BEG) red flag report makes for very sombre reading indeed, and can be viewed from their RNS today.

They talk a lot about debt and its effect on companies going forwards as interest rates rise, so companies with large debts should be avoided.

Sectors with the highest levels of distressed companies are

Construction

Support services

General retailers

Real estate and property services

Bars and Restaurants

Automotive

Other Manufacturing

Industrial Transportation and logistics

Food and drug retail

Telecommunications and Info tech

Financial Services

mmmm not sure there are many sectors left untouched...
never mind......
SUNNY UPLANDS are coming lads

Statement regarding possible offers

Further to its announcements of 18 October 2022, in which the Board of Shanta
Gold Limited ("Shanta") confirmed that it has received approaches from
Shandong Gold Group Co., Ltd ("Shandong"), Yintai Gold Co., Ltd ("Yintai") and
Chaarat Gold Holdings Ltd ("Chaarat") which may or may not result in an offer
for the Company, Shanta further confirms that based on further discussions,
any offer from Yintai is also likely to be solely in cash.

STATE PENSIONS TO INCREASE BY 10.1%
as per triple lock
CONs promised !!!

10.1%

10.1%

FTSE100 UP 0.35%
view live >>>>>
https://www.ig.com/uk/indices/markets-indices/ftse-100

https://www.teletrader.com/europe-up-in-premarket-ahead-of-data/news/details/58788819?internal=1

BRILLIANT !

offers of interest m8
no firm offers yet
hope ARIEL still has his

THREE RNS for SHG
THREE separate offers of interest
two are huge Chinese mining companies
That's why the S/P jumped three times
I sold the last batch a couple of weeks ago as GOLD and my profits were gradually dropping daily. I don't wish to buy back in just in case of a takeover.....which could be for a lower.price.
Such is life m8

france - petrol - we did all that
SHG got more legs
S H I T

H&W S/P started to move up at 1-30 PM
But no RNS....YET

H&W have probably announced a decent ship/repairs contract.
Or a government contract

Industrial production in the United States increased by 0.4% in September on a monthly basis, according to a report by the Federal Reserve's Board of Governors on Tuesday. The rise surprised to the upside, with forecasts estimating it would land at 0.1%. Year-on-year, the industrial output was up by 2.9%.
More to come...
Baha Breaking News (BBN) / DJ

monk
The BOE announced in AUG it would start QT.
https://www.reuters.com/markets/europe/bank-england-set-become-first-big-central-bank-sell-qe-bonds-2022-08-04/

YESTERDAY'S FT

UK banks face a sensitive problem: fatter profits from rising rates

LAST PARA.....

UK banks took hefty provisions in response to the huge economic uncertainties of the pandemic. Big lenders have remained well-capitalised and have therefore begun whittling buffers down again. A return to heavier provisioning now seems likely. That would conveniently push down the pre-tax profits that anger some politicians and pundits. With political and financial turmoil raging in the UK, auditors could hardly object.

As one senior banker puts it, with wry understatement: “In these markets, it is not that difficult to create a negative scenario for the UK economy.”
https://www.ft.com/content/df9859f0-9b59-4675-8122-4761f0e12f40

The consolation is that any offer fore-coming will be rejected
As the Chinese won't pay anywhere near what it's worth.

looks like I'll have to buy back in when it drops a bit more
At a higher price
NOT the way to invest

Statement regarding possible offer
UP 25%
S H I T
I've sold all of 'em
600,000

Doncaster ....looked it up
https://www.timeout.com/uk/news/this-uk-airport-is-permanently-closing-and-most-flights-have-been-cancelled-092622