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I recently purchased several thousand shares at 13p following a fairly spectacular fall in the price.  Just the one problem.....they've continued to fall last week and this and currently trade at 5.5p.  I personally cannot see why anyone would take up any of the new shares being offered at 5p on a 2 for 9 basis......am I missing something perhaps???  Would welcome your views.

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    • Charting the Markets: 1 June Dow and CAC40 stabilise while Nasdaq 100 edges down. EUR/USD, EUR/GBP and USD/CAD stabilise as US debt ceiling bill goes to Senate. And Brent, orange juice stabilise while copper advances as US debt ceiling bill gets signed. Shaun Murison | Senior Market Analyst, Johannesburg | Publication date: Thursday 01 June 2023               This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
    • Hi all. I have a chunk of cash sitting around and don't really want to allocate it to equities or anything too risky so I was hoping to pick up some regular coupons from something like non-junk bond. I've tried to find bonds on my ISA or Share Dealing account but they don't really seem to exist. I can't find bonds nor ETFs of bonds...  Also can someone help me to understand - like I don't want to bet on the value of bonds or rates going up. I only care about dumping cash in bonds and receiving regular coupons. I understand that the prices of bonds go up and down and therefore you may make a gain/loss on your principal if you sell before maturity, but I kinda want a low-risk bond and want to hold it to maturity. Or at least something that has that kind of risk-reward profile.
    • Brent crude oil, orange juice stabilise while copper advances as US debt ceiling bill gets signed Outlook on Brent crude oil, orange juice and copper as US House of Representatives approves bill to raise debt ceiling. Source: Bloomberg  Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Thursday 01 June 2023  Brent crude oil prices finds interim support The price of Brent crude oil, having dropped by over 6% over the past two days on possible weaker Chinese demand, a surprise build in US crude inventories and as Russia doesn’t adhere to its OPEC+ agreed output cuts, is stabilising. Better-than-expected Chinese manufacturing PMI from the private Caixin survey led to buying on Thursday and so far has taken the oil price back towards the $73.37 mid-May low which may act as initial resistance. Above it lies further minor resistance at the 17 May $74.02 low and also at the 22 May $74.47 low. On Wednesday Brent crude oil stabilised marginally above its $71.40 early May low, along the March-to-May support line at $72.20 on a daily chart closing basis. Earlier this morning it also acted as support. Only a currently unexpected drop through the $71.51 to $71.40 support zone would lead to the March trough at $70.09 being hit. Source: ProRealTime Copper recovery off its six-month low is gaining traction The price of copper is in the process of breaking through its two-month downtrend line at $8,130 per ton as the US House of Representatives approved a bill to raise the debt ceiling. It will now be sent to the Senate, which is expected to rubber stamp the bill before President Joe Biden can sign it into law ahead of June 5, when the US would be in default. If the copper price were to close on the daily chart above Tuesday’s $8,185 high, the last reaction high, it could extend its recent gains to the 200-day simple moving average (SMA) at $8,373. This technical view will remain valid as long as the last reaction low, that is Wednesday’s low at $8,038, underpins on a daily chart closing basis. Source: ProRealTime Orange juice price flirts with uptrend line Front month orange juice futures have come off last week’s all-time record high at $2.8721 and are likely to retest their one-month uptrend line at $2.7030 as Brazil may increase its supply. If slid through, the 8 May high at $2.5348 would be eyed with further potential support sitting at last week’s $2.6663 to $2.6430 price gap. Resistance remains to be seen around the $2.8038 April high. Source: ProRealTime
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