Member Info for TheFarEnd

Agreed Gate.

"I’m not convinced that the latest rally has the legs"
Everyone has a view....
While rising rates are good news for bank profits, they herald a slowdown in an economy hit by war and runaway prices that squeeze borrowers and could prick pricing bubbles, most notably in property.

"On the one hand, interest rates are going up, which is good and helps banks," said Jerome Legras of Axiom Alternative Investments. "But the economic outlook is uncertain, and risk of credit losses high."

British banks have signalled they expect profits to grow in 2023 despite the precarious economy - NatWest, one of its biggest retail lenders, expects to boost its returns on equity, a key profitability measure.
In the background, trouble looms.

There were 23,885 court judgements against UK businesses owing money in the last quarter of 2022, a year-on-year increase of more than half and a sign of growing distress among small firms, according to business recovery firm Begbies Traynor Group.

The British property market is also wobbling. House prices slid 2.5% in the fourth quarter of last year, the biggest three-month drop since the financial crisis.

Values on commercial real estate, such as offices, also fell, sliding more than 13% on average in 2022, CBRE's Monthly Index showed.

Investor jitters, and attempts to withdraw money, led BlackRock, M&G and others to put some property fund withdrawals on hold. Some 15 billion pounds in assets are in limbo.

Jackie Bowie of risk management firm Chatham Financial said banks faced having to inject more money into big-ticket property investments."

Extracts from article.

Well yes you're correct, the Ukraine does have fireworks every night, but it was reported from a reliable source.
Btw Keltickilla, it's not about doom on "blue days," bad news can, will and usually does happen on blue days. It's just being pragmatic, especially with Russia targeting Ukraine's power supplies. If a nuclear dust cloud was approaching Europe this morning I would expect some market reaction to this, wouldn't you?

"(Reuters) - The U.N.’s nuclear watchdog on Thursday reported powerful explosions near Ukraine’s Russian-occupied Zaporizhzhia nuclear power station and renewed calls for a security zone around the plant."

https://www.reuters.com/article/ukraine-crisis-iaea-nuclear-idAFKBN2U51XP

Could this be the trigger someone mentioned about a retrace earlier?
Reports of major blasts coming from the region of Zaporizhzhia nuclear plant in Ukraine.
Something's going to derail this advance.

US economy grows 2.9% in Q4.

Budge has absolutely no clout when negotiating the raising of funds, they have him over a barrel.
His options are severely limited, whoever he approaches, its a case of take our terms or go under and probably not many options to go elsewhere.
He may have an award of an exploitation concession but with the many caveats attached and still many uncertainties, nothing is 'cast in stone.'
A reversal of this award would result in a long drawn out expensive action for compensation.
This all shows in the offer price, the large percentage discount and not for the first time, ultra expensive charges attached. Take a step back here, nevermind the so-called largest new high grade European deposit, it's desirable but not essential. If you've got no assets to move this forward, you've got nothing.
Sadly for BEM it is literally a begging bowl.

This statement sums up the naivety of some so-called investors of BEM. I nearly spilt my beer, sorry Suzy, but I couldn't let this one go….
"If no body had sold any shares at the Concession Award then the price would still be 15p. But people were invested in the Award and not the mine."
Nobody is invested in the mine, there is no mine, you're invested in BEM. The reason you're invested in BEM is to make a return on your investment, at least with the expectation of achieving a profit.
Let's give some equilibrium to that ludicrous statement, and if more people had carried on purchasing Beowulf shares after the Concession Award they would now be worth?
Pick a number.

I wrote here last year when the SP re-traced after the concession award, saying 20p would not be seen again until a consolidation from an inflated number of shares. I mentioned in excess of 4 to 5 billion shares, not uncommon in these scenarios, the dilution here has hardly started. If this gets to 20p again you'll own a considerably smaller portion of BEM.
If the average punter hasn't made any substantial profit against their investment as yet, then, IMO they've missed out.
That's not saying there won't be a few trading opportunities along the way but an equivalent percentage rise of 3p to 20p is gone forever. Quick and easy returns are now out of reach for the private investor. I'd like to be proved wrong but throwing more money at this doesn't make sense to me.

I noticed this stand alone statement in Tuesday's Scoping study RNS.

"At this time, Jokkmokk Iron has no offtake agreements."

It kinda stood out, in its own paragraph and struck me as not so much a statement of fact but as an appeal. The financial situation is dire and this latest effort is miniscule compared to what is required.
Money tied up here has been missing out, just look at the returns that have been achieved elsewhere since the concession was awarded.
The much more noticeable dissent amongst current investors is well founded and will continue.
Just saying.

I've have shares (not Lloyds) that over the years have cost me nothing, no dividends involved and banked profit.
IMO it was not skillful, not even luck, it was a no brainer at the time, but has taken nearly a decade to achieve it.
P s. I'm not fantasising. :-)

I'd like to praise Goodies for his sterling effort again last night.
Not only did he single handedly fizzle out the Lti-Epro shenanigans (although it had probably run its course) he also upset the peeps who are selective in who they engage with. Expect some moaning about some green lines or something, love it. Self inflicted or what!
I scan through quickly but occasionally Goodies makes some very relevant points about many things, it's a pity they are lost in the prolific nature of his posts.

70 posts already today and it's not even a results day, lol.
Good stuff Goodies, you've wound 'em all up.
Enjoy your Sunday.

Well if he keeps you off the site Mach it's no bad thing is it.
P.s. haven't you twig it yet, if you filter peeps you'll see filtered comments, DOH!

DT, I hate labour and the left more than Machiismo hates the Tories and we all know how much that is.
But I don't resort to the language that he does, I try to be a bit more subtle.
That's me for a bit. I'm off down the juicer.

MPO818.
They, CNA didn't have the funds back then and were in serious trouble, including the pension scheme. Unloading Direct Energy and later Spirit Energy changed their fortunes not to mention the shake up in the energy sector.
Be careful though, Starmer and his gang think they can do better with their own state run Great British energy company. What does that mean? Who knows, a grab for centrica, although I don't think he's actually said that. Probably just another headline grabbing announcement, they'll think about the details later.

It's not so much Davos Wids, as an organisation they are fairly transparent, well at least their agendas are.
More of a concern is the Bilderberg group, no one knows what they are up to and if anything transpires from these meetings.

This from their website.
"The Meetings are held under the Chatham House Rule, which states that participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s) nor of any other participant may be revealed. Thanks to the private nature of the Meeting, the participants take part as individuals rather than in any official capacity, and hence are not bound by the conventions of their office or by pre-agreed positions. As such, they can take time to listen, reflect and gather insights. There is no detailed agenda, no resolutions are proposed, no votes are taken, and no policy statements are issued."

Anyway, what are you doing on here today Darth, Lloyds is up over 1%?

Re: the world cup.
Yeah, forgot about that DT.

"Everything is being fixed in Davos TFE" not by Starmer and Reeves, they're just posing and taking every photo opportunity.

What does this mean for investors?
It means anyone sitting on the sidelines has missed out, commiserations Gazzleberry.

As the FTSE 100 nears record high, what does it mean for investors? https://thismon.ee/a/11648079

"Centrica plc holds 74,255,686 ordinary shares in treasury"
Why are they not cancelling these shares?

Inflation-pinched British shoppers unexpectedly cut their spending in December, official data showed on Friday, dashing hopes for a Christmas shopping boost for the country's flagging retail sector.
Retail sales volumes fell by 1% in December from November, the Office for National Statistics said.
Compared with December 2021, sales were down by 5.8%, the biggest fall for that month in records going back to 1997.

Everyone shopped early after an unexpected upturn in November, black Friday and all that.

I see Starmer and Rachel Reeves will be smooching with the so-called elite in Davos tomorrow.
Trying to move in more eloquent circles, I wonder if Reeves will call any of them scumbags?