Member Info for occams

Good luck. You can go to the FCA as well, just look at the message above

I think you are right. Typical reaction by him getting your previous post removed

(Reuters) – Pearson's chief executive John Fallon said on Wednesday he considered protecting his company's dividend a top priority as the world's largest educational publisher struggles with slowdowns in most of its major markets. When considering capital allocation, "our first priority is the dividend and sustaining the dividend," Fallon said at the Morgan Stanley European Technology, Media and Telecom Conference in Barcelona. However, on the likelihood of increasing the payout he added that the company was "obviously probably not likely to see the sort of 7 percent growth that we've seen (over the past decade)". Pearson's shares fell sharply last month following a profit warning, with analysts saying investors were starting to question its entire strategy after it agreed to sell the Financial Times newspaper to focus on its education business. Fallon also said on Wednesday he couldn't rule out further restructuring at the company even though its last major rationalisation in 2013-2014 had eliminated 4,000 jobs to reduce annual costs by 200 million pounds ($303 million). "If we see opportunities to take more costs out of the business in a way that delivers a quick pay-back, we'll do it," he said. But Fallon said long-term trends point towards a recovery in the company's U.S. and British businesses in 2017. He said the company's UK business "will start to stabilise next year and then we'll see some growth." "The one caveat to put on that is we're not going to be growing with the sort of margins that we've seen in years gone by." Meanwhile the company, which sold both the Financial Times and its stake in The Economist this year, would also consider selling its 47 percent stake in book publisher Penguin Random House, but probably not until 2017, Fallon said. Bertelsmann owns the other 53 percent of PRH and has said it would consider increasing its stake.

The 50.92k trade on friday looks like a buy as well, seem to get big buys before a positive RNS

There are no declared shorts on Pearson.

Banks to face cyber security test this month A mock exercise will take place this month to test how major banks respond to a major cyber attack, according to a newspaper report.03 Nov 2015 IT Security TMT & Sourcing Financial Services UK Europe The joint UK and US initiative, Operation Resilient Shield, will be "the most sophisticated test … yet" of the way industry communicates and coordinates its efforts in response to cyber security incidents, the Telegraph reported. The exercise has been in planning for months. The UK and US announced their intention to participate in a joint cyber security exercise in the financial services sector in January. Previous cyber security exercises have been coordinated by the Bank in the UK. The 'Waking Shark II' desktop cyber attack simulation was carried out in November 2013. The exercise involved approximately 100 people representing around 30 financial services organisations gathered in one room and was designed to assess what the likely impact of a major cyber attack would be on the investment banking industry and financial market infrastructure, including payment systems. The exercise tested the lines of communications between companies as well as their interaction with regulators as the scenario was unfolding. In February 2014 the Bank revealed the results of the Waking Shark II test. It said the exercise had identified a lack of "central industry coordination" on sharing financial sector information and communicating to the public. Participants suggested that a single body could fulfil this role in future. The Bank released cyber security test materials based on the Waking Shark II exercise to help organisations practice how they would respond to a major cyber attack on the banking system. The latest planned simulation comes as recently published minutes from a meeting of the Bank of England's court of directors on 16 September provided detail on some of the efforts being taken to improve "cyber resilience" within the UK's financial services sector, including by the Bank itself. According to the minutes, directors at the Bank are concerned that banks, insurers and other financial service companies are not obliged to participate in the voluntary CBEST programme, a cyber security testing initiative. However, Andrew Gracie, executive director of resolution at the Bank, said that cyber security testing is "becoming close to mandatory" for big financial firms. In July, the Bank reported that industry concerns about potential cyber attack on the UK's financial system were at its "highest recorded level". In August the Prudential Regulation Authority asked UK insurers to provide it with details of their "cyber resilience". Last year the Financial Policy Committee (FPC) at the Bank said that cyber security is not just a technical issue that the board of directors at UK banks can ignore.

Cyber security testing 'becoming close to mandatory' for big financial firms, says Bank of England Regulators are nearly at the point of requiring major financial services companies to participate in a cyber security testing programme, according to the Bank of England.29 Oct 2015 IT Security TMT & Sourcing Financial Services UK Europe Minutes from a meeting of the Bank's court of directors on 16 September (10-page / 45KB PDF) provide detail of some of the efforts being taken to improve "cyber resilience" within the UK's financial services sector, including by the Bank itself. Directors at the Bank "expressed concern" that banks, insurers and other financial service companies were not obliged to participate in the voluntary CBEST programme, a cyber security testing initiative. However, Andrew Gracie, executive director of resolution at the Bank, said that companies were being put under pressure to engage with CBEST. "The industry tended to focus on conventional attacks that might cause consumer loss, while the potential threats to financial stability were typically more complex and insidious," the Bank's minutes said. "Directors expressed concern that CBEST testing remained voluntary. Mr Gracie said that was the formal position, but the supervisors were making participation a clear expectation and in practice it was becoming close to mandatory for the bigger firms." A market-wide cyber security exercise is scheduled to take place next year and regulators have been discussing the importance of cyber security being a board room issue for companies with the companies themselves, particularly in relation to governance, according to the minutes. The Bank is available to "provide technical and intelligence back-up as necessary" to financial services companies that fall victim to a successful cyber attack, they said. In July, the Bank of England reported that industry concerns about potential cyber attack on the UK's financial system were at its "highest recorded level". Last year the Financial Policy Committee (FPC) at the Bank said that cyber security is not just a technical issue that the board of directors at UK banks can ignore.

was set by Shahrukh Khan earlier this year,either at the AGM or an interview/article on proactive investor

Shahruck Khan, entrepreneurial chief executive officer of Oracle Coalfields (ORCP), says he is now ‘working towards financial closure’ for the company’s $1.5 billion (974 million) project to develop a potential 1.4billion-tonne lignite (brown coal) mine and 600-megawatt power station in south-eastern Pakistan, following a key consortium agreement with Shandong Electric Power Corporation (SEPCO) of China. Under the deal, AIM-quoted Oracle, whose shares were floated at 10p four years ago and have bounced from a 0.37p low last winter to 2.02p now, will have 90% of Thar Electricity, a local operating company set up to run the power plant. SEPCO, which will have 10%, is expected to put in between $20 and $30 million in staged funding. Oracle, which wants to develop the Block V1 licence, holding an estimated formal resource of 529 million tonnes and formal reserves of 113 million tonnes in the inhospitable Thar desert within electricity-starved Pakistan’s Sindh Province, is awaiting several other milestones, too. The company, whose petition for a pricing regime resulting in a 20% rate of return was recently accepted by the authorities, is awaiting a letter of intent guaranteeing payments from local utilities for Thar’s output, which ‘could take several weeks,’ says Khan, pointing out it depends on pricing agreements. Having raised £3.4 million last February at 0.65p and now valued at £18.4 million, Oracle, which lost £709,000 in 2014 and another £528,500 in the six months to June, hopes to have the project’s pricing tariffs finalised with the authorities before too long. Aiming to reach a final investment decision on the project by the end of this year, he says the company is working on a 70-30 debt to equity funding package and is hopeful ’other interested parties will come aboard.’ Khan, who says Oracle is negotiating on binding engineering and production contracts and cites various tax and other incentives made available by the government, indicates the company aims to start developing the project next year. He suggests that if all goes well, to have Thar’s Block V1 in production two or three years after that. The present Thar project, which was previously estimated to cost nearly $880 million to put into effect, would involve production of four million tonnes of lignite a year to feed a 600 Megawatt power station. But Khan says Oracle has bigger ambitions, with the stated intention of taking the project to a second stage, where it will be able to feed a 1,200-mewgawatt power station, a goal which is expected to have the support of the government, conscious of Pakistan’s parlous power supply position. If Oracle can attract credible new backers in addition to its present supporters and if the present funding and pricing talks go well and if Pakistan’s perceived political risk does not prove a deterrent, the shares could rally further.

13/08/2015

Today was due to the fall in the price of Gold,Chinese sold 5 Tonnes of Gold this morning. Knock on effect on the platinum price.

Under 1000 today

The shares sold were Savannah Resources Limited not AQP.

Read the 11:28 post

Your constant ramping is putting people off buying this,even so i would like to thank you for saving me some money.

On shareprophets

BID 0.005 OFFER 0.006 DAILY VOLUME 25,000

Platinum prices fell to a six-year low on Monday on concerns over growing supplies of the precious metal. Platinum for July delivery, the most actively traded contract, closed down 0.8% at $1,088.60 a troy ounce on the Comex division of the New York Mercantile Exchange, the lowest settlement since March 18, 2009.

First Quantum Minerals is the ideal takeover target for mining giants like BHP Billiton and Rio Tinto seeking to grow through acquisitions instead of building projects from scratch, Sanford C. Bernstein & Co. said. “Several miners will be looking to acquire a copper producer, ideally offering strong growth,” Bernstein analyst Paul Gait said. “First Quantum looks like the ideal target. It’s a base metals copper pure-play, generating 70 percent of its revenue from copper and about 20 percent from nickel.” Miners will focus on buying existing copper mines to boost production as the current price below $6,000 makes building new projects uneconomic, Gait said in a note. BHP and Rio are among the most likely buyers as they diversify from iron ore, he said. Glencore Plc may also be interested so it can benefit from synergies in the Central African copper belt, he said. First Quantum, a Vancouver-based miner of copper in Zambia and nickel in Australia and Finland, plans to triple annual copper-output capacity to more than 1.3 million metric tons in five years after completing its Cobre project in Panama by 2018. This month it raised about C$1.4 billion ($1.1 billion) to speed growth in its copper projects as a supply deficit looms.

Shares in Lonmin (OTC:LNMIF) fall 5% in London trading(12/06/15) after Glencore (OTCPK:GLCNF, OTCPK:GLNCY) handed over its stake to its shareholders this week, highlighting investor concern over South Africa's platinum sector.Glencore had inherited a 23.9% stake in Lonmin through its 2013 purchase of Xstrata but announced in February its intention to distribute the shares to investors; analysts had expected some selling pressure on Lonmin, anticipating many investors in Glencore, a diversified commodity player, would ditch the Lonmin shares because they were unwilling to bet on platinum.Platinum has lost ~43% of its value from a 2011 peak of more than $1,900/oz. and its outlook remains cloudy.