bill graham

Hello

I actually agree with you! I quite like MNZS. They provide services to the air industry. They have recently expanded their operations, and even with Covid they managed a small profit. It wobbles around under 300, but I would like to see it nearer 425. We may be headed for a peripod of market flux, so TCAP and CMCX could profit from this, along with REC. I hld all these, except REC where I sold at 99, but may take a few again.

Third quarter update shows some improvement, but the commentary more or less concludes that energy switching is dead. That will knock a fifth off revenues. Travel related matters are slow to recover, and insurance "markets softened". There is little here to suggest a turnaround within the next year.

Past performance is not a guide to future value!!!!!!!! Better to be careful than to be broke.

They have beenhit by the collapse in small gas suppliers, the downturn in travel insurance, and the reduction in foreign exchange transactions. While they are still profitable, revenue is down c25%. The PER is c15, so it is still not cheap. They are due to give an update next week. I hold, but will wait for news to add.

Management think the company is too big and unwieldy.  They reckon the sum of the parts now exceeds the current value of the whole.  Suggestions are that the combined dividend of the two new companies will be about half the current yield, but that may still be reasonable.  Good luck my friend.

Made £3.5bn last year.

 Not at all.  The company will split into two within the next two years, and the dividend will halve as a result.  Best to leave this and come back in three years. Not at all.  The company will split into two within the next two years, and the dividend will halve as a result.  Best to leave this and come back in three years.

c. 04 Feb 2022 for next annual results.  Next quarterly update will be end of April this year.

It does not pay any dividend.

 CEY shows patterns of price and trade.  We appear now to have bounced off 107, so if we manage to close above 115 we should head to the 120s.  CEY has problems, but it is a longstanding, profitable business.  Congrats on ATYM.  Copper seems to be the place to be! CEY shows patterns of price and trade.  We appear now to have bounced off 107, so if we manage to close above 115 we should head to the 120s.  CEY has problems, but it is a longstanding, profitable business.  Congrats on ATYM.  Copper seems to be the place to be!

If we close under 107, 98 is the next support.

 Scarily I think you may be right.  We are living in uncertain times, and that is generally a cue for a noticeable rise in the gold price, but it is a stumbling climb at best.  Mr Musj should take some responsibility for this! Scarily I think you may be right.  We are living in uncertain times, and that is generally a cue for a noticeable rise in the gold price, but it is a stumbling climb at best.  Mr Musj should take some responsibility for this!

Actually they have net debt of $270m+. https://www.investegate.co.uk/petrofac-limited--pfc-/eqs/trading-update/20201216070012EQTSR/

Received 14 Jan, due 13 Jan.  Are you sorted?

In short, greater regulation for US production and exploration could cut production, making prices rise.  But decreased consumption and US exports could make prices fall.  Beware of splinters from that fence you are sitting on!

Company will split in two over next two years.  Business is currently stagnant.  Unloved by the market. Too much uncertainty here.

Interesting here that record rising markets are accompanied by a small rise in the price of gold.  Underlying uncertainty persists.

SAM may have risen because the bulk of its sales are off-sales, that is for home consumption. STZ and DEO are more reliant on hospitality sales.

It seems that ultimately, in the medium to long term, the question of who holds the presidency has little effect on the markets.

Possible benefit here from increased rail works in wake of the virus.  May be cheap.

BHUGT

Given the land bank, this is now possibly undervalued.