Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Moneyshark, sean, you won't be disappointed, it's a fascinating read and maintains it's objectivity throughout.
However this is an IDS board, and a lot of time has already been spent on this non IDS topic. Time to move on I think.
Anybody viewing Stalin and his regime through rose tinted spectacles would do well to read Simon Sebag Montefiore's 2003 biography "Stalin, The Court of the Red Tsar". The content is unimpeachable, much of it from primary sources and recently released archive documents and letters of the most senior members of the government and Stalin himself. The horror is stark, the murders and torture in the nearby lubyanka are detailed, as are the murders of the people and ethnicities of those considered 'unreliable'. Stalin's own handwriting written in the margins of documents arbitrarily noting how many should be killed. This even extending to the wives of members of his own circle, with one chapter entitled 'The murder of the wives'.
If you intend to read a book and truly educate yourself about what happened in Russia during this period of history try this one. Despite the detail and irrefutable source material there will always be some people buried so deeply into the ideology and dogmatism of communism that they will continue to deny or excuse this psychopath for the shocking and inexcusable atrocities he committed.
Red, it was posted on Thursday 2nd Nov, and the poster had this to say: "The reason for todays' rise is, however, probably more to do with this reiterated BUY recommendation from Citigroup.".
On Thursday 2nd Nov sp rose 10p, and was also 261.8 noon, precisely the same price as that mentioned in the article. The odds of that happening are pretty huge which made me believe that this was a recent recommendation. As Derek pointed out though, the recommendation does refer to RM changing it's name to IDS last month, which would confirm this to be old news.
Just found this on another board, believe it's dated 02 Nov 2023.
Citigroup Inc (NYSE:C)
Analysts have reiterated their buy recommendation for shares in Royal Mail, which officially changed its trading name and ticker to International Distributions Services PLC (LSE:IDS) last month.
Citigroup analysts have lowered their target price, where they believe the company’s share price would create ‘fair value’ for shareholders, to £3.25 per share.
The current listed share price for International Distributions Services PLC (LSE:IDS) is 261.8p per share, as of Thursday mid-afternoon.
Analysts said they believe that pay increases will be offset by improvements in productivity, operations and network optimisation.
They analysed cost savings from seasonable contracts, reduced sorting hours and sickness rates.
Citigroup analysts estimate that the potential disposal value of the company’s real estate is worth about £240 million, given the network optimisation at Parcelforce and Royal Mail depots.
“We believe that c.10% of pay rises between 2022 and 2025 amounting to £400m will be more than offset by the proposed productivity, operational improvements, and network optimization,” Citigroup analysts said in a research note on Thursday.
Red, Sid just to clarify, those figures were for the total trades in IDS at that point in time, not my personal position, looking back at my post it was ambiguous. Fell to a low of 242, no significant move in the main markets, no news, just major manipulation of the market.
Moneyshark, the rally on this side of the pond petered out rapidly, and never even started in the US, though DOW and S&P could recoup some of their early losses before US markets close. Markets are being cautious and looking for more positive data to confirm inflation is being tackled. If that can be done in the US whilst economic activity remains robust we would have the soft landing that's being hoped for. As long as the data stays positive the bears will get more nervous. We've also got results due mid november, which I was anticipating to be really bad, though the complete radio silence from IDS makes me curious. I've also spoken to a couple of posties who have made comparisons with christmas, which I know is not to be regarded as gospel, but possibly results could be better than anticipated.
Key economic data released today in EU and US:
ECB keeps interest rates unchanged at 4%.
US economy firing on all cylinders, GDP Q3 forecast 4.2%, actual 4.9%. !!
US continuing jobless claims increase by 50k more than forecast
Initial jobless claims increase 210,000, marginally higher than forecast
Core personal consumption expenditure 2.4%, 0.1% below forecast
Looks good to me, very strong GDP growth combined with other data indicating a reduction in inflationary pressure. UK markets have reacted positively to the data, looking forward to seeing how US markets respond at 2.30.
Moneyshark, I made a trade a couple of minutes after your post. Did a couple of dummy trades earlier in the day, didn't execute but an offer was made. Didn't notice any interruption in the trade data during the day. If you posted at the time of your trade the exchange was definitely up because I had been taking an interest in trades and sp for a while before I executed the trade. I'd say that you've been told rubbish. Oh, I was also watching the main indices and there were no interruptions there either.
Newdealz, I haven't reached your level of analysis. I use google finance for real time charts, lse ticker to see 15 min delayed trades, and find they work well together to get a sense of the current sentiment. Also fxstreet for live macro news. All are free.
I thought today could be a good day to get back in again if the sp dropped further. Spent a long time considering when to get in and saw the trade on the ticker. Trade price of 270 caught my attention, sp went sideways, us data at 1.30 was dull (great news), saw the DOW and S&P open in neutral territory got back in at 254.8. We're of the same opinion Newdealz, thanks for a more scientific description to back up the conclusion I came to. We'll find out soonish.