here is the take from bloombergs re: greece...http://mobile.bloomberg.com/news/2015-01-25/syriza-defeats-samaras-to-win-greek-election-exit-poll.html > the greeks have borrowed from the IMF ..this debt will never go away..the argentines are battling with old debt...bond holders sell the debt at discount to aggresive funds who expect 100% pay back. the debt exits government entities like the EU into private collection agencies ...there is no easy way out ...the EU meets monday to discuss greece...the financial repercussion s will be analyzed. ...ECB is well prepared for this event...they can dump greek bonds at a discount and move the greeks out of the euro... > - N225 opened down a little more than 1.00%. but is now closer to 0.65%... >..
My sentiments exactly - it is about time that we had some quixotic resistance to the people who know the price of everything - oil, gas, commodities and can earn large bonuses because of it. Unfortunately shareholders who have kept buying bonds or "INVESTMENT PRODUCTS" where no return is achieved because the businesses that are being propped up "because they employ people" are making no money out of the very poor products currently being imported.
I see no good reason at all to express confidence in any brand that has become familiar, because it is heavily promoted in order that I might become familiar with it - when leather is not waterproof because it is not properly tanned. Goods that are presented as leather or waterproof or whatever - do not deliver what they promise.
Had a little run around a couple of these businesses today - Matalan and Brantano after I had shopped in our local hyperstore Trago Mills, which sells everything except elephants. Got a pair of branded shoes that were dressed up to look italian and claimed to have leather uppers which seem more like vinyl to me. I want a pair for when it is raining that do not have to be looked after got what I wanted in size 11 to fit my 9.1/2 size feet..
They were having a sale and for £9.50 less 15% discount they will do very well for what I want - M & S sell something not a lot different for £45 which can't be repaired.
Brantano and Matalan were offering what they consider GREAT deals for shoes which weren't much better but they wanted £35 and £45 pounds for them even if you didn't like them.
Not surprisingly they looked more like graveyards than businesses - I asked a member of staff, when I could find one, had it been busy in the morning and the answer was no but the young lady was being paid time and a half because it was Sunday so she was content to turn in whilst it lasts.
Confirming the malaise was the news item that BHS is for sale in the Times today because it has lost money.
You would think after six years of this the penny is going to drop or some form of debate ensues that will end this deathly spiral which is wasting so much investors money.
Sorry I'm ranting again but really is this the best that all our bright young things can do......
good luck for the greeks and their new swan song leader...the most sensible step for Europe is to push greece on their own, and shrink the union ... this may sound a bit cruel ..but the Germans are not going to be happy having freeloaders living off loans..
The effect of this election result on the markets and bkir aside, I think this is something Europe needs. The whole cosy consensus of the middle (including the soft right and left) needs a good kick in the rear. The more i read about this guy Tsipras the more I like him. In no way is he the looney leftist he is been portrayed as. He's smart, charismatic and a leader. One way or another I think he is going to be a huge character, not just in Greece' s future but in Europe's. I just hope he has energy and patience to deal with the wall of eurocrats he is about to encounter. If the euro and indeed the EU has a long term future, now is as good a time as any to push it to the limit and test its weaknesses. Interesting times ahead.
id wait for a testing of below .285 , the stock has been no lower than .29 for a number of weeks but failed to break above .31 despite all the exuberance around QE , a run up is certain towards earnings but those are five weeks away , unlikely to drop below .270 between now and then , ive a buy in for .275
.. though it is being delisted...shareholders can still hold on account ... the fact it is being delisted does not mean you. have to sell.. shares can still be held ...it would be best to continue to hold......as for AIB ...it is also a good bank to hold.....profitable...the equivalent of boi....
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