Nice to see that share values of the CFD cowboys have plunged today on announcement of a new regulatory framework proposed by the FCA. I have lost count of the number of phone calls from cockney barrow boys in sweaty little offices trying to persuade me to take out an account. As the FCA states, 82% of individuals using these accounts lose money. Just because it has a veneer of respectability conferred by being a financial tool does not make it any better than gambling on the horses.
Worked at rm got 32 years took redundancy this year got a nice two years salary as a middle manager. Now hold £30k in them and enjoyed year on year dividends since they were privatised, guaranteed at least 5% through the year. No money in letters all about parcels, downsizing property footprint and reducing headcount. At least 6 projects on the go with rm property holdings also heard they are looking at using empty lorries on journeys to run freight.
Personally I don't but the markets tend to react more to bad projections from Brokers and send the SP down than send it up when there are good projections from Brokers today being a good example two days of recovery heading back to the 480's then JP come out with their SP projection and wham 14p drop. I cant see what they get paid for certainly with the spread of projections on this Share
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