Member Info for volcano

time to take some more profits,

Ferrexpo was 4.0% higher. The iron ore pellet company has gained 34% in the past week following a surge in iron ore prices following the Brumadinho dam disaster in Brazil a week ago.

Deutsche Bank has upgraded its rating for iron ore group Ferrexpo PLC (LON:FXPO) and raised targets and estimates for other miners of the metal due to higher prices on near-term supply risks.

In a note to clients, analysts at the German bank pointed out that, following the Feijao dam disaster at the end of last week, Brazilian giant Vale SA announced plans to decommission 10 of their upstream tailings dams, impacting 40mln tonnes per annum (mpta) of production capacity over a three-year period.

READ: Iron ore in a technical bull market following dam collapse but how long will it last?
As a result, the analysts believe there will be a net reduction in pellet production, with their base case being that Vale reduces net exports by 10mln tonnes in 2019, and delays the restart of its Samarco operations to beyond 2020

They pointed out that, in their view, Ferrexpo, as a leveraged pellet producer, has the most to gain from the reduction in pellet volumes in 2019/20.

The analysts have, therefore, upgraded their rating for the FTSE 250-listed firm to ’buy’ from ‘hold’ with an increased target price of 270p, up from 220p previously.

here we go again , up to 267p already

Broadband operator TalkTalk has said its full-year core income will fall short of analysts' expectations and its own previous guidance, by between £10m and £15m.

Analysts had predicted core earnings of £259m but TalkTalk says that figure will now be between £245m and £250m.

A spokesman for TalkTalk said it is due to changes in how the firm reports revenue from connection fees as well as investment in its network.

In a trading update, the company said it had added 44,000 customers in its third quarter, taking its total to 4.2 million.

i had to buy some more at 141p ,nice

1.15pm: Metro Bank tumbles after embarrassing admission over loan classifications
The Footsie, in the words of Connor Campbell at Spreadex, continues to lurk near 7,000 without being able to break the barrier.

The blue-chip index was up 36 points (0.5%) at 6,978, about two-thirds of the way up its trading range today.

It was, at least, outstripping the mid-cap FTSE 250, which was down 3 points at 18,825, where Metro Bank PLC (LON:MTRO) dived 8.1% to 1,124p after it revealed the Prudential Regulation Authority (PRA) had taken issue with the way it had classified some loans.

i had to take some profits today as well.

but i am 35% up , nice

Neil Kinnock and rest of his family.

i think the accident in Brasil got something to do with it.

Top iron ore producer Vale’s decision to decommission its upstream tailings dams following the deadly dam burst on Friday at its facility in Córrego do Feijão, Brazil has lit a fire under iron ore prices.

The Chinese import price of 62% Fe content ore jumped 5% on Wednesday to trade at $82.53 per dry metric tonne, according to data supplied by Fastmarkets MB. The price of the steelmaking raw material is now up more than 13% year to date. The index price for high-grade (65% Fe) Brazilian ore gained $5.40 to reach $97.60 a tonne.

Domestic Chinese prices also surged, with the most actively traded iron ore futures contract on the Dalian Commodity Exchange hitting its daily uplimit to finish Wednesday nearly 6% higher at 587 yuan ($87.40) per tonne, a 17 month high.

The last time benchmark iron ore was trading in triple digits was May 2014
Vale’s plans to halt production at 10 operations, cutting its annual output by some 10% or 40m tonnes, upending a market that was expected to experience a year of gentle decline.

Average volume 1.55m
Shares outstanding 588.62m
Free float 288.47m
P/E (TTM) 5.39

250p now , looking very strong this morning .

we could easily see 312p here again

Reaffirmed: Crest Nicholson Holdings (LON:CRST) Buy Rating Reconfirmed by Analysts at UBS; GBX 470.00 Target in Place

same here took some profits today , 230p

I HAVE TO TAKE SOME PROFITS TODAY , THIS IS UP 25% FOR ME.

Gold Hits Over Seven-month High
Tue, 29th Jan 2019 11:37

WASHINGTON (Alliance News) - Gold prices rose to hit over seven-month high on Tuesday as earnings concerns as well as fresh US-China tensions sapped investors' appetite for risk.

Spot gold rose 0.4% to USD1,307.79 while US gold futures were up 0.25% at USD1,306.35 per ounce.

29th January 2019



Crest Nicholson Holdings plc

Annual Results Announcement

for the year ended 31st October 2018



Crest Nicholson Holdings plc (Crest Nicholson) today announces its final results for the year ended 31st October 2018.

Highlights

· Sales, including those from joint ventures, of £1,136.6m (2017: £1,065.6m) - up 7%

· Statutory revenue of £1,136.1m (2017: £1,043.2m) up 9%

· Volumes up 3% at 3,020 homes (2017: 2,935)

· Pre-tax profit down 15% to £176.4m (2017: £207.0m)

· Operating profit margin of 16.7% (2017: 20.3%)

· Net cash at year-end of £14.1m (2017: £33.2m)

· Gross development value of land pipelines up 3% to £12,083m (2017: £11,736m)

· Forward sales at mid-January of £639.4m (2017: £575.7m), 11% ahead of prior year

· Outlets increased 8% to 55 (2017: 51)

· Total dividend maintained at 33.0p, covered 1.7x by earnings (2017: 33.0p and 2.0x cover)

I am saying if you bought this morning your dividend pay out would be 10%.