Someone has taken the warning seriously - looks like a sell: 2015-04-01 12:14:00 436.20 3,999,000 439.90 440.20 Sell 17,443,638 O
RE: Left it too late to sell
Let's face it he is not the only one warning of a possible stock market correction/ crash. I suspect Jakobsen is aiming his warning at PIs (in the US and of course what happens there greatly influences what happens in the rest of the world). Institutions would be only too eager to hoover up PIs share holdings at a discount!! It seems from the information below that PIs own somewhere in the region of 11.5% of the total UK stock market. Key Points to Ownership of UK Quoted Shares 2010 At the end of 2010 the UK stock market was valued at £1,777.5 billion. Rest of the world investors owned 41.2 per cent of the value of the UK stock market at the end of 2010, up from 30.7 per cent in 1998. Other financial institutions held 16.0 per cent of the value of the UK stock market at 31 December 2010, up from 2.7 per cent in 1998. UK individuals owned 11.5 per cent of the value of the UK stock market at the end of 2010, down from 16.7 per cent in 1998. At the end of 2010, insurance companies held 8.6 per cent and pension funds held 5.1 per cent by value. These are the lowest percentages since the share ownership survey began in 1963. 44.9 per cent of the shares by value were held in multiple ownership pooled accounts where the beneficial owner is unknown. These have been allocated to sectors using further analysis of share registers; updating the previous allocations which date from 1998.
RE: Left it too late to sell
That's one heck of a deramping lol. Does that mean he's going on holiday all summer? If EVERYONE sold EVERY stock they own won't that lead to a massive market crash?
Left it too late to sell
As I do not have any profits to take!!! I was waiting until after the general election hoping for a recovery to over £5 but....... Economist: Sell Your Stocks and Take Six Months Off "Investors should sell any equities bought over the past year, hold the proceeds as cash and take a holiday from the market for six months, according to Steen Jakobsen, Saxo Bank A/S’s chief economist. A likely increase in U.S. interest rates will intensify market volatility and threatens to wipe out any gains investors may have made in the past two years, Jakobsen said in a March 29 interview in Dubai. Slower expansion in the economies of the U.S. and China will also hurt investors holding stocks, said Jakobsen, who last year predicted a drop in oil prices to below $80 a barrel. If nothing else, reduce your stock portfolio to where it was on the first of January last year, put the money into cash and take a nice long summer holiday,” said Jakobsen, 50, also chief investment officer at the Danish lender. “You won’t make any money, but you lose all the downside risk.” Saxo Bank in December forecast a crash in U.K. housing prices and the departure of Mario Draghi as ECB president, among its 10 “outrageous” predictions for 2015. Jakobsen’s previous tips that turned out to be right include gold falling to $1,200 an ounce in 2013, and the Icelandic banking crisis of 2007. Still they can't be right all the time....can they?
Quite a few technical analysis factors are now in favour of a good upside to RMG shares. I know this sounds a bit like an astrological forecast but in practice RMG are (finally) facing up to being customer -friendly in parcel delivery and pricing (for small/medium parcels), making their business more efficient and being active in getting new business at home and overseas. In addition they have a hugely valuable property portfolio. It will continue to be held back by political considerations - that (Con-)demmed 30% stake mainly, I don't detect much enthusiasm anywhere for re-nationalisation - but this is only braking upward momentum at present price levels.
Royal Mail shareholders could receive a boost from the value of its surplus property. Central London property prices are soaring and there is no doubt that the sale of these assets are going to bring in big money. The value of the surplus property underpins the company’s dividend payments at the very least. This was the story last year and we all know that property price have continued to rise since then. So Royal Mail’s business might be best seen as a property company – one with a dwindling mail service attached.
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