well lets face it,sentiment worldwide was at a low ebb,in the last 4/6 weeks. so i would imagine pmi's to be a tad lacklustre. but i doubt if the world will self implode,just BURP.lol. anyway,morning shift all next week,so like u,ille be bombed out.
At least we are batting on the same wicket Stagecoach and take your points re problems with public opinion... but they do need to buy in stock - not as others have floated for resale to institutions - no mileage in that effectively acting as a broker but for cancellation . I guess the point I was making is that having achieved >73 on circa 75% of the original 40% bailout the remaining 9% could be sold at nearer just above the current SP and still make a breakeven number when you add back the divi HMG has been paid too.. They are not way off breakeven and only need to get to around 60 p to average 70 p and they have had just over 3 p divi along the way?
RM, I NOW understand your often repeated phase....rinse and repeat... Italy was a collected of many states which united under a new nation, like Germany in the late 1800's. Has this historical event manifested some of the problems that still persist today.
Thanks for your detailed and interesting reply. Much appreciated Cheers Mick
There are tens of thousands of such documents -from many organisations (A big number of them), leading up to a subset of 12,000 EU laws. A large number of which deal with finance, economies, corporate work, accountancy, banking etc [It is a way of many tens of thousands of us, earning a living, all this "red tape" :) ]. I have recently retired. The European Parliament is full of inconsistencies in its laws (e.g. simple translation errors of precise technical words, far too much to comprehend as well).
So, what happens if a really big bank goes under? What is a really a big bank definition.? Hence GSII. So, there is a Global list, within that list there is a European list. There is also the next list of "other" banks as well. Lets deal with the 51 who are too big to fail in the European List. Set them a task of a hypothetical series of Stress Tests (we also do Back Tests at the same time-- i.e were the predictions any good beforehand). This annual test was ran with a harder than usual set of parameters (years ago the bar was set very low. Not good at all). The results were that one Siena Bank would go under (run out of cash) unless something serious was done. Something is being done, a special deal was done for them in the last 48 hours..They are the 3rd largest in Italy, with near junk stock. Their junior bonds are held by PIs, 5 billion euro hit in mainly in the Tuscany area (Renzi was born in Florence). Big ouched to the local economy, in many ways. Although as Prince Klemens von Metternich said - "Italy is a geographical expression" -- Parts of Italy are completely different. It also it has over 300 political parties. Happy Bunga Bunga loans.- rgds RM
The overall issue is that reform is needed. It is not happening, so after being saved many times, many means, it is still a case in a number of countries, that they will keep wanting more, kick the can down the road, bit more time--- Then we need more money - we squander that last set -- more money please. It repeats.
Wids, In reality Zirp's don't really work. Rather than spending more to increase GDP, data from Japan, Sweden suggest the opposite happens. People fearful of the future just end up saving more. Human's don't react as the "experts" predict. Back to the drawing board...methinks. LO! Cheers
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