Member Info for Novice14

https://lse.swingtradebot.com/equities/N4P:LSE#sub_strategy seems to have crossed the thresholds?

Great to see “£7m of dues already recovered by the Group” http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/OPG/13666567.html

Positive news and great to see an increase in outputs - the solar initiative is well aligned with India’s national policy move towards renewables https://timesofindia.indiatimes.com/business/india-business/india-may-install-225-gw-renewable-power-by-2022-power-minister/articleshow/64463088.cms

Another interesting article - all down to WSG tomorrow “Juncker added that the European Investment Bank will also provide a funding stream for businesses working in Iran. This has reassured small- and medium-sized EU companies since most have no presence in the United States” + “By happenstance, on May 16, the National Iranian South Oil Company signed an agreement with London-based Pergas International Consortium to develop the Keranj field in the oil-rich Khuzestan province over the next decade” + “At present, of the 2.6 million barrels per day of oil that Iran ships to foreign destinations, compared to 1.1 million per day before 2015, almost half goes to China and India, with China in the lead. Both countries were main buyers of Iran’s petroleum before 2012. They managed to circumvent harsh US and EU sanctions. During 2012 to 2015, Chinese oil companies used a domestic bank, Bank of Kunlun, to settle petroleum transactions with Iran, worth tens of billions of dollars, in euros and Chinese renminbi. Unsurprisingly, therefore, in the wake of Trump’s May 8 decision, Beijing was the first foreign capital visited by Iran’s foreign minister Mohammad Javad Zarif along with top oil officials. After meeting with his counterpart, Wang Yi, both sides stated they would remain in the JCPOA. In the case of India, a rupee-rial mechanism was put in place after 2012, whereby almost half of India’s oil imports from Iran were paid in exchange for such items as rice, wheat and medicines not under sanction. According to Ram Upendra Das, head of the Centre for Regional Trade, US sanctions are unlikely to have any material impact on Indian exports to Iran since there are several mechanisms through which payments can be made for bilateral trade. About 37% of Iran’s oil exports go to European destinations. All told, the EU is Iran’s number one trading partner. The value of trade between the EU and Iran soared from $9.2 billion in 2015 to $25 billion in 2017. Given EU leaders’ resolve to nullify the extraterritorial application of US sanctions on Iran, trade between their bloc and the Islamic Republic is unlikely to dip”. https://thewire.in/world/iran-nuclear-deal-eu-nato-us-trump

Reacting to Pompeo's speech, British Foreign Secretary Boris Johnson committed to shielding European companies from renewed sanctions. "We are going to do everything we possibly can," Johnson said of protecting European companies. "I'm not totally pessimistic about the situation." Johnson said a "new jumbo Iran negotiation" would not be "very easy to achieve." + “For the time being, many European diplomats hope they can find loopholes for certain companies to continue doing business with Iran, by using small German banks for transactions, for instance.” + “"And even if European companies make their own minds up and decide to end contracts with Iran, you still have the Russians and the Chinese out there who can do quite well in terms of buying Iranian oil." https://www.cbsnews.com/news/european-allies-alarmed-by-pompeo-speech-laying-out-u-s-demands-on-iran/

“Mogherini reasserted the EU's stance that the bloc "is and will remain committed to the continued full and effective implementation of the JCPOA as long as Iran abides by all its nuclear-related commitments." http://www.xinhuanet.com/english/2018-05/22/c_137195999.htm

the EU stands up to the US - “The EU’s foreign policy chief said Monday there was “no alternative” to the Iran nuclear deal, after US Secretary of State Mike Pompeo vowed unprecedented sanctions against Tehran, and issued a raft of fresh demands following Washington’s withdrawal from the pact. “Secretary Pompeo’s speech has not demonstrated how walking away from the JCPOA has made or will make the region safer from the threat of nuclear proliferation or how it puts us in a better position to influence Iran’s conduct in areas outside the scope of JCPOA,” Federica Mogherini said Monday, referring to the Joint Comprehensive Plan of Action, as the nuclear deal is formally known.” https://www.timesofisrael.com/no-alternative-to-iran-deal-eus-mogherini-tells-us/

Brilliant article, thanks for sharing Smithers - “So the entire so-called strategy is a wish list built on a pipe dream — the idea that the Trump administration is going to get the rest of the world to sign on to a sanctions regime as tough or tougher than the one that existed from 2009 to 2012. The same administration that can’t do simple things like vet nominees, fill government positions, enact executive orders, or avoid alienating the United States’ oldest and closet allies is now going to recreate the most penetrating and effective sanctions system in human history? And they are going to do this with a president whom most U.S. allies don’t trust and who has proved that he will not abide by agreements negotiated in good faith?”

“On Thursday, Iran’s oil minister Bijan Namdar Zanganeh also said state-owned China National Petroleum Corporation was ready to replace Total on a major gas field project in Iran if the French energy giant pulled out. China has been Iran’s biggest trading partner and export market for the past 10 years. In 2017, their two-way trade jumped 21 per cent from a year earlier to reach US$37.3 billion, while more than 200,000 trips were made between the two countries. Iran is also an important part of China’s “Belt and Road Initiative” – aiming to boost trade and infrastructure links from Asia to Africa and Europe – because of its strategic location between East and West, just as it was a centre of the ancient Silk Road. Iran signed a memorandum of understanding to join the initiative in 2016, when Chinese President Xi Jinping visited Tehran.” http://www.scmp.com/news/china/diplomacy-defence/article/2146917/irans-top-envoy-china-calls-beijing-help-safeguard

Interesting one Slipperz “It is unclear how Pompeo expects this new strategy to succeed. The American sanctions will only be crippling if the rest of the world goes along with them, and while the US may risk the transatlantic relationship in an attempt to force European compliance, it's hard to see the same tactic working on Russia and China.” clearly even the CNN has its doubts on Trumps current strategy. The Chinese will continue trading due to their reliance on Iranian Oil + the Russians are thinking of backing cryptocurrency https://www.ccn.com/iran-and-russia-consider-using-cryptocurrency-to-evade-us-sanctions-report/ (of course we mustn't forget the Russians too are currently under EU/US sanctions) so everyone is looking for a way around this. It’s up to the EU to decide to engage with Iran or leave it to drift towards Russia. Regardless EU security is of paramount importance with direct flights operating from Iran to many EU and ME countries (of course hardly any directly to the US so this is not high up their list of priorities!).

Yeah good press coverage today in response to the range being made available https://www.diarydirectory.com/newsarticle/boohoo-and-boohooman-unveil-capsule-collection-with-pepsi/18936 - things are getting stronger :-)

Online fashion retailers boohoo and boohooMAN have launched a new partnership with iconic beverage Pepsi centred on the beautiful game. The brands have worked together to create a new range called 'Art of Football'. Boohoo and BoohooMAN have created a sportswear collection for men and women including matching track sets, loungewear and sports tops. The featured designs are inspired by the artwork by five emerging visual artists from around the world: Argentina’s DIYE, Brazil’s Bicicleta Sem Freio, Germany’s DXTR, U.S’ Kim Sielbeck and UK’s Iain Macarthur. https://www.manchestereveningnews.co.uk/business/business-news/boohoo-manchester-pepsi-football-fashion-14683968

“Goldplat plc, the AIM listed gold producer with international gold recovery operations based in South Africa and Ghana and a gold mine in Kenya, is pleased to announce that following the successful installation and subsequent "Stage 2" expansion of a new processing plant at the Company's Kilimapesa Gold Mine in Kenya, the new plant is now processing at a rate of circa 5,000 tonnes per month and as a result, and in line with previously announced plans, the incumbent plant, Plant 1, will be closed. This major step forward will reduce overall production costs, allow gold recovery to be optimised and increase the life of the mine“. Looking very positive :-)

Couldn’t agree more Slipperz - the initial deal was on nuclear enrichment only. Trumps current proposal makes it sound like the US should not meddle in other people’s affairs too - let’s see how the US lines up to that expectation huh?! :-o

Thanks kindly Bilbo - so presumably their 3% increase could reflect increasing demand which could be good news for us?

http://www.proactiveinvestors.com.au/companies/news/196971/intra-energy-corporation-a-leading-asx-gainer-on-increased-tanzanian-coal-sales-196971.html does this have any relevance for us?

Brilliant news!! WSG’s move to multiples will happen!!

Nice one :-) Trumps a looser......

“North Korea has said it may pull out of a summit with US President Donald Trump if the US insists it gives up its nuclear weapons.” www.bbc.co.uk/news/world-asia-44134910 - Trumpy thought it was done and dusted and hence his pursuit of Iran (who don’t even have nuclear weapons!) - therefore if North Korea proves a headache then any translation of policy toward Iran may be delayed plus considering he has threatened China with sanctions and tariffs renewals in the past there is so much his small team can do to enact all these promptly with all the negotiations involved - Trumpy ain’t no politician and has no clue how to do it .........

Haha thinking the same :-)