Member Info for RazorsEdge

European equities moved higher during premarket trading on Tuesday after suffering a selloff in the previous session.

The heavy losses, which hit Wall Street on Monday as well, came on the back of growing concerns over the coronavirus pandemic. In response to rising infection numbers, European governments began introducing stricter measures to contain the virus. Meanwhile, investors geared up for another batch of corporate earnings, including those of major drugmakers Merck, Pfizer and Eli Lilly.

The DAX was up 0.44% at 7:38 am CET, while the CAC 40 rose 0.06%. The FTSE 100 added 0.20%. At 7:40 am CET, the euro gained 0.20% against the dollar, buying 1.18337. The pound was up 0.11% versus the greenback to go for 1.30392 at the same time.

Breaking the News / JC

Gold + .4% $1908.80

Financial Times: DHL Express, one of the world’s biggest delivery companies, has hired 10,000 additional workers as it prepares for record volumes in the run-up to the holiday season

As long as Mahmud get the message he should buy more shares, my job is done.

One of the most positive and I controversial moves Mahmud Kamani can do is buy more shares.

I’m sure he feels gaged from releasing anything that may be turned against him but no negative press has followed his director dealings.
The share price would advice if Mahmud bought some more for sure.

Boohoo Group

Fashion retailer boohoo [LON:BOO] may have seen shares recover at least some of the losses accrued after serious supply chain issues were identified back in the summer but a note regarding the appointment of a new auditor underlines there’s still a degree of hostility towards the company. PWC remain in post for now, having held the role since 2014, but the audit committee recently launched a tender to find a new supplier. This is an interesting challenge because many lobby for auditors to have strictly time limited tenures – boohoo’s quest for change is however being misconstrued by some.

https://apple.news/AWn5AhoKRRqiYlWOn8adNyQ

Taking top spot on the list of most popular stocks with Hargreaves Lansdown clients last week was Boohoo.

Perhaps this shouldn’t come as a surprise. News that auditor PricewaterhouseCoopers had resigned over concerns about the company’s reputation caused the shares to fall heavily earlier in the month. It was surely only a matter of time before the contrarians piled in.

Among those buying was co-founder Mahmud Kamani. The fact he snapped up 300,000 shares for a cool £729,000 no doubt motivated others in the market to buy as well.

As a holder of Boohoo, I’m content to ask just one question right now. Will the online retailer’s recent woes still matter in a few years? I think it very unlikely. After all, Boohoo remains a brilliant business based purely on how it’s trading.

So long as the company does address concerns relating to its corporate governance, I’m confident this period of share price weakness will prove temporary.

https://www.fool.co.uk/investing/2020/10/26/hargreaves-lansdown-investors-are-buying-bp-novacyt-and-boohoo-shares-should-you/

European stocks dropped during premarket trading on Monday as more countries tightened their coronavirus restrictions amid a surge in new cases on the continent.

Over the weekend, the Spanish government declared a state of emergency that could last for six months and ordered a nationwide curfew. In Italy, the new measures include limited working hours for restaurants and bars and the closure of gyms, cinemas, and theaters.

The DAX dropped 1.50%, while the FTSE 100 was down 0.72% at 7:45 am CET. Meanwhile, the CAC 40 sank 1.08% in Paris. The euro declined 0.23% against the dollar at 7:46 am CET, buying 1.18350. A minute later, the pound was 0.14% lower compared to the US currency, going for 1.30244.

Breaking the News / JC

RNS window: Looking for a management share purchase to help kickstart the trading for the week.

Perhaps there will be comments on Centamin tomorrow.

Meanwhile Mrtibbles, Cowichan Goldgnome etc all gone quiet. I hope everyone is okay.

ElProfessor djryan777 has some interesting comments re the conference call in his post history worth a look.

Thanks for your post.

Supercharger. The stock market is way over reactive on any news. The reason the price hasn’t popped up to at least £1.45 today or even yesterday is the market can’t be that predictable, making money in it would be child’s play.
So there has to be a difference between what the company reality is and the markets reaction.
Look at Boohoo the market reaction to what can only be described as a media attack and the market kicked the share price about like a rag doll.
I imagine a rising chart that is slow at the start and then rises quickly.
That’s what I believe is happening here, the share price will rise 3 or 4 % 4 or 5 days in a row when the time is right and it will have nothing to do with company news.
Bol

PRICE TARGET TO 142 (174) PENCE - 'HOLD'

European shares traded higher in the premarket on Friday amid the economic data that is to be released throughout the day. The European Union, Germany, and the United Kingdom will release their preliminary reports on manufacturing and services in October, with the later also revealing its results in retail sales. Meanwhile, Daimler and Renault reported their revenues in the third quarter of 2020 dropped in comparison to the same period last year, but still expressed optimism for the future.
The DAX rose by 0.35% at 7:37 am CET. At the same time, the FTSE 100 advanced by 0.30%, while the CAC 40 went up by 0.31%.
The euro lost 0.15% to the dollar to sell for $1.18000 at 7:27 am CET. At the same moment, the pound sterling declined by 0.19% against the greenback to exchange hands for $1.30577.

Breaking the News / JR

Dare I say, “Happy Friday y’al”
(bloody sunami)

I got strength from this...

“Speak quietly to yourself & promise there will be better days. whisper gently to yourself and provide assurance that you really are extending your best effort. console your bruised and tender spirit with reminders of many other successes. offer comfort in practical and tangible ways - as if you were encouraging your dearest friend. recognize that on certain days the greatest grace is that the day is over and you get to close your eyes. tomorrow comes more brightly...”

- Mary Anne Radmacher

CAIRO – 10 April 2018: The Cargo Village at Cairo International Airport on Monday received 382 kilograms of gold from Sukari gold mine.

Well-placed sources at the Cargo Village said the shipment arrived on board an Al Kan Air private plane from Marsa Alam to be frightened to Canada where it should be refined.

It is composed of 22 packages.

The shipment was unloaded and carried inside armored vans affiliated to Amanco Company.

Cairo airport authorities imposed tight security measures around the airport while the packages were being received.

Sukari is a gold mine located in the Eastern Desert near the Red Sea in Egypt in the south-east of the country, 30 km south of Marsa Alam.

https://www.egypttoday.com/Article/1/47359/382-kg-gold-shipment-arrives-at-Cairo-Airport

I’d be buying now as the attraction of low value will soon fade away.

Just saying... (as they say)

Interesting to note the Martin Horgan mentioned Centamin have made for several applications, he obviously holds faith for acceptance and no doubt will waste no time informing the market should a positive result be forthcoming.

Current real time quote $1920.16

Current real time quote $1920.00

On 21 October 2020, the Company was notified by Julian Dunkerton, Executive Director and PDMR, that he had purchased 59,131 ordinary shares of 5 pence each ("Ordinary Shares") in the Company at a price of £1.536574 per share

Hello AKGold yes this is a good company for the chef accountant to leave is perhaps because of differences between himself and Julian but I believe Julian is the captain steering the ship, it’s he we must trust even though the current financial position may be a little poor.
Recommendations are one thing how everything looks at the next market update may be a bit of a swallow.
But in the time being the share will rise.