Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
At under 24 quid, this is a must buy. Unfortunately I currently have no funds to invest!
Well, the chart looks absolutely f***ing awful!
£23.50-70 was historical support. It's just rejected off that twice.
The dollar/british pound, requires to move above 0.7923, otherwise a move below 0.7811, could mean further downside for sterling. As a general rule FTSE100, companies benefit from a strong dollar, so a dollar exchange move above 0.7923, would be expected to provide support to BATS, sp. The last exchange chart movement , was inside the range of the last preceding swing down move.
Use/pound rate moved above 0.7923 today, which is bullish, for BATS, for dollar earnings. William %R, indicator, made a hidden divergence, when it made a new low, while BATS, sp, did not. Normally, this is viewed as a bullish signal, in an uptrend, although BATS, could be viewed as within a sideways congestion. I must stress, that no other traditional indicator, is showing a hidden divergence at present. The gap up today, requires to close above the midpoint of yesterday's high/low price range of 2303, to provide some reassurance of sp, stability.
The ARMS,breadth index has fallen below 0.5, which often signals turning points, on the Ftse100. In addition the gold price has fallen below its exponential 50 day moving average, which is usually bullish for the USA dollar. The next significant dollar event is the Fed, policy meeting on 31/1/24, where is assumed, no change will be made to interest rate. The probability favour upside for the dollar, which is positive news for the BATS, sp, along with Ftse100 equities, in general.
Don't listen to Stargate - he's either a malfunctioning bot or just useless at predictions/commentary.
Here is a post I placed on the ADM board:
"Stargate
Just go away with your lame predictions. On August 3rd you said it(ADM) was going down to GBP 19.73 and it rose to GBP 24.90 over the next 4 weeks and on to GBP 28.01 by early December.If you were making money from looking at tea leaves (sorry charting) why would you spend one second posting it here?"
Moneybox007, on the LGEN, page, tries to persuade users, to ditch their FTSE equities , in favour of USA, equities, and goes on at length about his large USA equity holdings. Other users, may find it strange that Moneybox007, can wait more than 5 months, before unleashing his anger, in a comment, yet it is apparent that he has failed to employ a basic stop loss order, under the sp, on 3/8/23, to remain invested in ADM. Also for a substantial preferred holder of USA equities, his anger at a small UK equity, seems out of proportion, unless UK equities actually are a bigger percentage of his investments, than he says, on the LEG, user site.
Oh dear. My personal stalker Stairgate is now berating me across 3 boards. ADM, LGEN and BATS. I guess he's unemployed and sitting in his mum's spare room to have all this time to monitor me daily. I'll just repeat what I wrote yesterday on the ADM site and not reply again. I apologise to serious posters for this distraction.
"More gobbledegook from Stargate.
I didn't go in to "great length" on the LGEN forum. I asked for people's opinions and recieved some wise words. In the end i sold 50% of LGEN and expect to exit completely soon.
I know when to buy and sell ADM thanks (a GBP 30k entry @ GBP 19.72 August '22 exit GBP 27.15 Dec '23 was particularly lovely) and I don't have "excessive focus" on them. GBP 55k in a GBP 605k portfolio so about 9%. A little high but manageable.
My region split is 50% USA, 35% UK and 15% other. Any problems with that oh wise one?
Like I said before, if tea leaf reading (sorry charting) worked you wouldn't spend one second on these boards. You'd spend 18 hours a day following dozens of stocks around the world and timing your entry/exit to perfection. But it doesn't work so you don't do that."
Wow, how the mighty fall here.
I do feel for those with their pensions and savings in here, seems like one thing after another against it.
Just can't ever see it coming back into favour. Gla
Just had the Sell MACD cross on the daily. I would love to day looks like a bottom here, but we could be at £15 in two weeks.
Luckily I sold 40% of my holdings at £25. probably about to sell the rest.
GLA.
You see a 35% drop in the SP happening within two weeks? To take us back to levels not seen since late 2006?
That would require an extraordinary update!
Even if we see a black swan event in the next two weeks, no way is this going to drop even 30% on such a market sell off!
This is clearly still range bound right now (within a 2% or so range). So it might have a sell signal to take it back to the lower end of the current range right now, but beyond that, I disagree. GLA.
Interesting to read people's views on how a stock performs and forward-looking. I think no one pays attention to anything these days and is obsessed with daily shifts, ignoring the fundamentals of a company, and in some cases ESG thinking which damages stocks.
Let's take Broker's views on ESG seem ingrained in their thinking. British American Tabacco year on year has paid a dividend for over 25 years and in the medium will continue to. The company is classed as a defensive stock if there is a downturn in the economy. The revenue stream much of the time is constant. Its Portfolio is wide and holds growth (ITC for instance alone pays a large dividend yearly, and its value has increased Bats owns 29% think on that).
The 31 Analysis Covers ITC India 460 to 580 up to 2025. Market Cap is around £68 Billion, Bats owns 29% presently is worth 20.6 Billion. If it increased as Forecasts suggest that would be increased to 30 Billion. Remember Bats Portfolio, please. If sold BATS CASH Reserve would be 25 Billion presently.ITC was founded in 1910 by BATS with American Company. Presently ITC is looking to float part of the company which 17% of BATS will own and sell raising capital or offload the whole 29% they still waiting on their inner study coming 12 months. You can see BATS with no dent come a few years with a constant revenue stream draw your conclusions.
I write occasionally on my dividend Stocks I hold and I look in now and again. I read the comments and think what do these people know? Most of the time they like to scare people with charts, and news articles on class actions, legislation changes, impairment, etc.
I have mentioned some of the above before but people forget. Remember the boards are for discussion on a company. Just do the basic trading updates, revenue outlook, Dividend covered, debt coming down, Bats Portfolio growth, new markets, new products, etc. With that all in mind do the research and think medium to long term.
Happy Investing.
Dent is supposed to be DEBT. Typo mistake.