Member Info for xtw2

My mate (criminal lawyer) uses CourtServe. Listings show at 4pm day before hearing/case.

Oh come on, the size of the company and its revenues/profits are irrelevant. Indeed, the bigger the company, the more stringent the control measures. I worked for a few FTSE 350 companies in the 70s-90s at director level and there’s no way I’d get away with signing off a £30k spend without scrutiny, let alone £30m.

No compassion for Lufkin. He knew the rules. A UK company, not a third world company where he could’ve got away with it or an age where bribery was the norm.

Investors have lost £millions. I invested in 2018 and have lost 3/4.

I think the Court Case does matter. It’s another milestone out of the way and draws the line under it hopefully. Look at what happened to the SP on 15/1, I think sentiment and the mention of fraud and the sentencing of Lufkin will panic nervous shareholders again and the SP will drop to 100p-ish again. I mean a lot of shareholders are fickle and don’t read this board. Nevertheless the case has and will impact PFC’s ability to win deals in the past and short-medium term.

My mate, who is a criminal lawyer, says the David Lufkin sentencing case is off tomorrow. It’s listed as ‘For Mention’, which he says means Lufkin is maybe off sick or there’s no probation report.

This'll do nicely for starters...

THURSDAY BROKER ROUND-UP (Sharecast News) -
GSK: Deutsche Bank downgrades to sell with a target price of 1,150p.
Hotel Chocolat: Berenberg reiterates hold with a target price of 300p.
Hummingbird Resources: Berenberg reiterates buy with a target price of 39p.
Bacanora Lithium: Canaccord upgrades to buy with a target price of 85p.
St James Place: Deutsche Bank reiterates hold with a target price of 1,250p.
Vodafone: JP Morgan reiterates overweight with a target price of 195p.
Homeserve: Liberum reiterates buy with a target price of 1500p.
Kaz Minerals: Liberum reiterates hold with a target price of 700p.
Ashtead Group: Credit Suisse reiterates outperform with a target price of 4,000p.
Lancashire: Credit Suisse reiterates outperform with a target price of 865p.
Frontier Developments: Credit Suisse reiterates outperform with a target price of 3,750p.

When are the BoD going to announce these huge finds via RNSs like GEMD's competitors do for significantly smaller, less valuable stones...please?

Come on BoD, announce these finds on RNSs like your competitors do with significantly smaller, less valuable stones - please...

In fact, this is screaming out to Buy as it's dropped unreasonably since its Finals due to investment in Cloud-based technology, which is simply futureproofing. Some more Broker coverage and this will rocket back to 700p+. There's not many bargains around post-Vaccine news but this is one of them. I've added 3x at these lows. Plus it's a reasonably safe haven Deal (status quo) or No Deal Brexit (lower £).

Ha! Scaremongering. There's absolutely no evidence for that. In fact, based on previous 2 Dividends (Interim and Final), SP actually went Up shortly after Ex-Dividend Dates.

Wishful thinking, Auson.

(Sharecast News) - Gold may be in for a bumpy ride over the medium to long-term if institutional investors continue to shift away from the yellow metal and towards Bitcoin, a JP Morgan strategist argued.

Since October, nearly $2bn had been funneled into the Grayscale Bitcoin Trust, while exchange-traded funds backed by gold had registered outflows of $7bn.

Over the short-term, the price of Bitcoin had probably overshot, strategist Nikolaos Panigirtzoglou said, according to Bloomberg.

However, should that trend continue, then on longer time scales "the price of gold would suffer from a structural flow headwind over the coming years," they reportedly said.

The investment bank estimated that family offices had just 0.18% of their assets invested in gold, against 3.3% in gold exchange traded funds and even small shifts towards Bitcoin would see billions in cash go its way.

See below: it'd be really nice if Sharecast could get its facts straight, especially since Sharecast News is what feeds HL's newsfeed - either he's Bought or Sold!!!???

Centamin revealed on Tuesday that chairman James Rutherford had disposed of 100,000 ordinary shares in the FTSE 250-listed miner.
Rutherford, who joined the firm back in January, sold the shares on Monday at an average price of 120.10p each, for a total value of £120,100.
Just last week, analysts at Berenberg upgraded mining firm Centamin to 'buy' from 'hold' on Friday, stating the group's new mine had rebased their expectations.
With Centamin releasing a new mine plan for its Sukari mine in Egypt, Berenberg now expects production of 452,000 ounces for 2020 versus guidance of 445,000-455,000 ounces.
As of 1630 GMT, Centamin shares were up 3.09% at 126.80p.

Top Director Buys
Centamin (di) (CEY)
Director name: Rutherford,James
Amount purchased: 100,000 @ 120.10p
Value: £120,100.00

https://www.sharecast.com/news/dealings-round-up/director-dealings--7740710.html

165p here we come next week!

Thanks for this post, mick-b.

RBC Analyst, Tyler Broda’s comment is what I’ve been saying all along. I’ll take Analysts views over the CEO’s froth anytime.

100notout - I don't know how much RNSs cost, if anything. I agree there would've been a few but still, And anyway, GEMD wouldn't have to submit RNSs for all of them - just keep the momentum going with the finds since the big 443 carat one - one RNS per month with all the prior finds would do the job. Yes, I know about checking the GEMD website but that's the point, the wider market only pays attention to RNSs and it's the RNSs that would help lift the Share Price.

...Blue Rock Diamonds finds a 12.6 carat and posts an RNS today:
https://www.londonstockexchange.com/news-article/BRD/recovery-of-12-6-carat-diamond/14780424
Sharecast also covers it here:
https://www.sharecast.com/news/aim-bulletin/bluerock-diamonds-recovers-126-carat-diamond--7736900.html

GEMD's discoveries are frequently more than 10x the carats, so why doesn't GEMD post RNSs for all its discoveries?

Current SP is no big deal in the circumstances. Remember, SP hit 206p just over a week ago on 24/11 and that was before it went Ex-Dividend. Yes, it had risen to 242p max but that was just before it went Ex-Dividend, which often happens. So yesterday's and today's falls are both related to it going Ex-Dividend (as invariably happens) AND the Chairman's sale of a big chunk of his stake. It may still go lower today/next week but it'll be back in the low-mid 200s in no time as long as Gold doesn't fall too quickly.

Thanks for your feedback, posts and contrary opinions to my own, but still no need for the sarcastic edge. Oh, and btw, I am both an Opportunity Trader and a medium/long-term Investor - far more stimulating and profitable to be both, imo.

Happy Trading and/or Investing everyone!

...it seems to be reluctant to break much below 198p. Tempted to pile in but am going to be patient.