jerpy Posted December 15, 2014 Report Share Posted December 15, 2014 With the troubles of the Rouble, Russian companies appear to be cheaper as you can get much more for your £. But perhaps there might be more troubles ahead, with capital controls? ==== Companies for future reference, listed in London: Gazprom [gas] (GAZ) Uralkali [potash] (UKRA) Evraz [steel, mining] (EVR) Novorossiysk [commercial sea port] (NCSP) Norilsk Nickel [metals] (MNOD) Petropavlovsk [gold] (POG) Urals Energy [oil] (UEN) Zoltav [oil and gas exploration] (ZOL) Highland [gold] (HGM) PhosAgro [potash] (PHOR) Ferrexpo [iron] (FXPO) (In Ukraine) United Company RUSAL [Euronext exchange RUSAL] Market Vectors Russian ETF (RSX) That's an interesting watchlist, the RSX ETF might be a good turnaround story once the bottom is in. Of the others POG I've traded odd times, but it's long been suspected to have cash concerns, which aside from the Gold price have really led to its s.p demise; see the heavily discounted Rights Issue recently announced at 5p. Once out the way and an upturn in physical prices, given production costs of circa $900/Oz and falling. Take into account the Rouble and could be a big rerate coming, but I've watched people catching that falling knife a long time and it's still not yet stopped! Link to comment Share on other sites More sharing options...
notanewmember Posted December 16, 2014 Author Report Share Posted December 16, 2014 Russia raises rates in emergency move as rouble collapses (Reuters) - Russia's central bank raised its key interest rate to 17 percent from 10.5 percent early Tuesday in an emergency move to halt a collapse in the rouble as oil prices decline and the country's sanctions-hit economy slides toward recession. http://uk.reuters.com/article/2014/12/16/uk-russia-cbank-rates-idUKKBN0JT2IF20141216 ---- Crisis not over yet. Petropavlovsk [POG] - lots of pain on the LSE thread - people are thousands if not hundreds of thousands underwater. A lot of scorn for the directors - but they are sailing against strong headwinds. Never lost anything life- changing like this I think Chili is suffering, Treeshake lost out and British too ( among others)These shares are worthless low.Yes I am afraid I scorn the selfish- the truly selfish.They do what they do with full knowledge..I do not believe PH and PM had no other choice. Far from it.They are fully aware.Sadly I do meet this in all walks of life, but this was a corking deception.I was caught in endowments, RBS, HBOs, NRock and others. I survived them, but not really this bad until now.At least I own my house, but savings gone.I invested too much by averaging down and was then taken for a mug with no escape route as I didn't sell out early enough.I feel it would be a good thing for PH to know the devastation he has brought about. Somehow. Clinically. No bombs Chili He is rich but has ruined those who are not and in a decriptful way ( restoring investor value !!!!!!!!! AGMHey thanks for the kind postA life well lived eh? http://www.lse.co.uk/ShareChat.asp?ShareTicker=POG Link to comment Share on other sites More sharing options...
drbubb Posted December 16, 2014 Report Share Posted December 16, 2014 Closing price on POG.L yesterday: 7.61 -1.07 : -12.33% Open: 8.79 High: 8.79 Low: 7.25 Volume: 3,398,213 Percent Change 52 Week Range: 7.25 to 98.25 I'm very glad I never bought any. Never got round to doing the necessary research Link to comment Share on other sites More sharing options...
notanewmember Posted December 16, 2014 Author Report Share Posted December 16, 2014 POG looked cheap, and it got even cheaper. It is safer to watch from the sidelines. I think we might see some conclusion to the Rouble, but this is likely to affect the wider market. We should see something soon at this rate progress in events.. Time to batten down the hatches, at least until after Christmas. Link to comment Share on other sites More sharing options...
notanewmember Posted December 17, 2014 Author Report Share Posted December 17, 2014 ETF that tracks the Russian Stocks. People are selling paper assets, and there is news that people are buying hard assets such as cars, although I wouldn't class a car as a "asset". Link to comment Share on other sites More sharing options...
jerpy Posted December 17, 2014 Report Share Posted December 17, 2014 Closing price on POG.L yesterday: 7.61 -1.07 : -12.33% Open: [/size]8.79 High: [/size]8.79 Low: [/size]7.25 Volume: [/size]3,398,213 Percent Change[/size] 52 Week Range:[/size] 7.25 to 98.25 I'm very glad I never bought any. Never got round to doing the necessary research Hope you don't mind just bumped an old thread, this stock is more than just the collapse of the rouble or gold price woes, looks like ordinary investors have been fleeced to me. Link to comment Share on other sites More sharing options...
notanewmember Posted December 18, 2014 Author Report Share Posted December 18, 2014 Link to comment Share on other sites More sharing options...
notanewmember Posted December 24, 2014 Author Report Share Posted December 24, 2014 Happy Christmas all on GEI. Don't know if people really celebrate Christmas in Hong Kong? Link to comment Share on other sites More sharing options...
notanewmember Posted January 14, 2015 Author Report Share Posted January 14, 2015 Link to comment Share on other sites More sharing options...
notanewmember Posted January 15, 2015 Author Report Share Posted January 15, 2015 Swiss franc surges after scrapping euro ceiling The Swiss central bank has abandoned its exchange rate control and cut interest rates to -0.75pc, sending the franc soaring against the single currency http://www.telegraph.co.uk/finance/currency/11347218/Swiss-franc-surges-after-scrapping-euro-peg.html The next logical step for people with capital should be gold? Why put $100m in capital with an institution that looks to erode it's value day by day, when gold will remain a lump of gold each day gram for gram. Link to comment Share on other sites More sharing options...
notanewmember Posted January 16, 2015 Author Report Share Posted January 16, 2015 ^ There have been casualties: http://www.bbc.co.uk/news/business-30846543 Alpari has shut its UK arm following the Swiss National Bank's decision to end its capping of the Swiss franc against the euro. The foreign exchange broker said in a statement that the move had created "exceptional volatility and extreme lack of liquidity". As a result, the majority of Alpari clients had "sustained losses". The euro rose 1.2% on Friday to buy 0.9869 Swiss francs. Thursday's euro-franc close was 0.9755, well above its lowest point of 0.85 following the sudden removal of the cap. Link to comment Share on other sites More sharing options...
notanewmember Posted January 29, 2015 Author Report Share Posted January 29, 2015 AAPL looks strong on the back of some stonking results. http://www.telegraph.co.uk/technology/apple/11373454/Apple-results-Q1-live.html $100 is a key area. Link to comment Share on other sites More sharing options...
notanewmember Posted January 30, 2015 Author Report Share Posted January 30, 2015 Well this is a surreal moment, to fight deflation. They don't want you to be in cash... the negative rate mortgage is now a reality. savers who pay the bank to hold their cash courtesy of negative deposit rates, are directly funding the negative interest rate paid to those who wish to take out debt. In fact, the more debt the greater the saver-subsidized windfall. http://www.zerohedge.com/news/2015-01-30/denmark-you-are-now-paid-take-out-mortgage Link to comment Share on other sites More sharing options...
notanewmember Posted March 18, 2015 Author Report Share Posted March 18, 2015 ^CRB Index Hmm I don't know if we are coming to the end of the bear market in commodities - the big aberration might have been a big fund going long, and changing their mind, and dumping in disgust. Now we are seeing a lower low. No buy signal though! Link to comment Share on other sites More sharing options...
notanewmember Posted April 8, 2015 Author Report Share Posted April 8, 2015 Update on the CRB. You can see how the RSI is improving. But we're not out of the woods yet. Link to comment Share on other sites More sharing options...
notanewmember Posted April 22, 2015 Author Report Share Posted April 22, 2015 London Trader, Navinder Singh Sarao - prosecutors allege he generated made $40m spoofing the markets; fighting extradition to the US. The charges of wire fraud, commodities fraud, commodities manipulation and 'spoofing' levelled at Mr Sarao carry prison sentences of between 10 and 25 years per count, or a possible $1m fine. Spoofing is the practice of bidding or offering with the intent to cancel the bid or offer before execution. More here http://www.telegraph.co.uk/finance/financial-crime/11555228/Flash-Crash-trader-Navinder-Singh-Sarao-pictured-for-first-time.html Link to comment Share on other sites More sharing options...
notanewmember Posted April 23, 2015 Author Report Share Posted April 23, 2015 More: Flash crash trader Navinder Singh Sarao 'sat on £27m fortune while his mother worked two jobs' Nav Sarao, the man accused of helping trigger the £500m flash crash in 2010, is a miser who refused to pay full price for a sandwich or a train fare, former colleagues say http://www.telegraph.co.uk/news/uknews/crime/11557755/Flash-crash-trader-Navinder-Singh-Sarao-sat-on-27m-fortune-while-his-mother-worked-two-jobs.html Link to comment Share on other sites More sharing options...
notanewmember Posted April 24, 2015 Author Report Share Posted April 24, 2015 Flash crash trader Navinder Singh Sarao is a 'hero', says fund manager http://www.telegraph.co.uk/finance/financial-crime/11558768/Flash-crash-trader-Navinder-Singh-Sarao-is-a-hero-says-fund-manager.html Flash Crash trader Navinder Singh Sarao 'could make £90,000-a-day'' http://www.telegraph.co.uk/finance/financial-crime/11560447/Flash-Crash-trader-Navinder-Singh-Sarao-hardly-worked-emails-reveal.html Link to comment Share on other sites More sharing options...
notanewmember Posted April 25, 2015 Author Report Share Posted April 25, 2015 Bubble in Beards? Who would have thought beards have become so popular. I am thinking about growing a beard as well..... We can't predict how the mass behave - what next will people move to? Beard oil sales up, razor sales down. Link to comment Share on other sites More sharing options...
notanewmember Posted May 5, 2015 Author Report Share Posted May 5, 2015 I've had to close a long trade today, which is a shame. I have to stick to my stops. Perhaps this will be another sell in May? Or the market is a little jittery with the UK elections in 2 days. The US markets look more stable, and perhaps on the cusp of another up leg. Link to comment Share on other sites More sharing options...
drbubb Posted May 5, 2015 Report Share Posted May 5, 2015 Bubble in Beards? How about toothpicks in beards?: I suppose this must be useful for this guy... somehow Link to comment Share on other sites More sharing options...
notanewmember Posted May 5, 2015 Author Report Share Posted May 5, 2015 ^LOL too much time on his hands Link to comment Share on other sites More sharing options...
notanewmember Posted June 10, 2015 Author Report Share Posted June 10, 2015 Where to put your money. Fund manager speaks at the Master Investor show 2015. Gervais Williams - well, worth a listen. Global productivity unusually flat in this recovery. Link to comment Share on other sites More sharing options...
notanewmember Posted July 10, 2015 Author Report Share Posted July 10, 2015 The markets look a bit wobbly right now. VIX at 19. SP500 looking weaker: VIX SP500 And below is a chart of the Shanghai Composite (there is news that people are losing a ton of money right now, and the government can't stop it), with a historic chart of the NASDAQ - some similarities? The moving average is the same, so you have a hitching post to compare like with like: Link to comment Share on other sites More sharing options...
drbubb Posted July 10, 2015 Report Share Posted July 10, 2015 I just wonder how long this rally from "deeply oversold" will last Link to comment Share on other sites More sharing options...
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