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Tommy these moaners voted leave...... there’s only a couple of remainders here & we are waiting for the preverbal to hit the fan, whilst finishing their pop corn.
This forum is full of remoaners. BT shares have hardly been booming in the EU has it! I suggest you stop gambling if you can’t stand the heat and get yourselves a proper job.
Aus3009,
Yeah...need to be careful England does head back 1000 years to the set up of Mercia, Wessex, Northumbria and East Anglia ...the way things are heading...
Fleccy - then the country & 52% of its population have been played like an old fiddle
The general election settled it for me, so I’m personally planning to eat pop corn & watch the horror from as far as possible
I've given a lot of thought to the political situation in the UK and for what it's worth, here's my view. Brexit was an opportunity for the English to kick back against years of feeling downtrodden in their own country and the referendum result was a nationalistic protest against years of feeling aggrieved at perceived unfairness.
Why do I say unfairness? For a start you see Nicola Sturgeon mouthing off day in day out at how bad the Scots have it and what a raw deal they have, meanwhile under the Barnet formula they are receiving more per head in subsidy than English regions, including rural ones. Scottish students get free University and health care is better and cheaper in Scotland, i'm talking free prescriptions and sight tests. Is it any wonder that the North of England, South West and Midlands stamped their feet and said I've had enough. Here's the thing, if the English were given a vote to break up the UK, they might actually go for it. All this talk about Brexit being about resurgence of Empire and such like is just nonsense, it's about perceived fairness, raising your voice and being heard. Dominic Cummings, I think, understands all this and that's why Boris is looking at rebalancing the UK. I believe that Dominic Cummings is probably as clever as the hype suggests and if not clever, certainly plugged into the English psyche. Now the English regions have stamped their feet and shouted, it's opened another can of worms, which will probably now lead to a reorganisation of the UK to devolve more power to the English regions, much like the powers devolved to Scotland and Wales. Gordon Brown recently mentioned it, but it's blindingly obvious that it will come to pass and I think that's what Dominic Cummings has in mind anyway, Boris would do well to keep heeding his advice.
Fleccy - I wish you would take it as seriously it’s pretty important.
Did you see BoJo has already gone back on his pre election immigration control promises....
Aus, you take this far too seriously, you must be Irish. The Irish Republic have been undercutting the UK for years, they've attracted companies, like Google, Apple and Amazon, by undercutting 0n tax and basically built their economy off the back of the UK. It will make little difference in the long run, countries will still trade and life will go on. The EU and business world could decide to trash the UK economy, to teach us a lesson, but that opens up another can of worms. If the UK goes down the toilet, which is what news outlets like the Independent would have us believe, the law of unintended consequences would ensue and a whole Pandora's box of different scenario's could come about. The UK isn't as weak as a lot of rhetoric suggests and the EU wouldn't want instability on their doorstep, so I say again that a deal is a virtual certainty and all this will be mainly sorted in a year, at which point UK focused stocks will normalise with other index stocks.
"The UK could introduce a fishing ban in UK waters, which would cause turmoil in France, Spain and elsewhere"
A ban fleccy is one thing,policing it, would be quite another....and if a "British" boat ( most are now run by foreign companies anyway) catches sea food the Spanish and French ports wont let it in.....
A costly ban that will likely prove to be ineffective and end up a waste of time...IMO
Fleccy - we will have to agree to disagree. You are however repeating the rhetoric from people like idiot Farage & others who don’t have a good track record.
If you add into your equation things like the disgusting anti EU rhetoric and lies / misrepresentation thereof it will effect the outcome
We also leave as partners to become competition, where our neighbours stand to inherit banking, manufacturing etc etc should there be a fight
The U.K. is in an even weaker position than I thought, the Trump America isn’t going to do us favours, torn between the 2 with no alternatives (don’t go on about tupence from common wealth) the U.K. is set for rough ride
Also as per American chambers of commerce, the U.K. was seen as a gateway to the Common market, without frictionless access in so many ways the U.K. become an irrelevance for these previous relationships.
On top of all that the european member states are all saying they value the common market more than a relationship with the U.K. because the U.K. positions itself as a threat, this will only go one way
I can debate my position, can you? Right now the U.K. is alone in a global trading environment looking to expand at the expense of the weakest player.... I think this is called GDP asset stripping
"Do you remember the warnings of self inflicted consequences? I understand the U.K. is the first country to earn a Darwin Award, that’s indicative of a global laughing stock"
I've seen al the rhetoric in the press and I just see it all as part of the psychological game. The press love to put down and have a go, but the reality is that the EU rely on the UK , as much as the UK rely on them. It is in the EU's interest to do a deal as much as in the UK's interest. The EU have been running rings around us, due to hung parliaments and internal remain activism at high level, but that has now changed. The Conservative Government have a huge majority and can shape policy any way they see fit. They are now guaranteed to be in power for 5 years and the House of Lords, for all their prevaricating, are powerless, because any amendments they table will just be overturned in the Commons.
It is now a different ball game and the EU have a Lot to lose. The UK could cause political bonfires all over the EU, should the EU get funny, so the EU will start to play on an equal footing in my opinion. just to give you examples of how things work both ways, the UK to decimate the Irish Republic's economy overnight, just by changing a few laws. The UK could introduce a fishing ban in UK waters, which would cause turmoil in France, Spain and elsewhere. Now i'm not saying these things should, or will happen, I'm just giving examples why it's in everyone's interest to reach an agreement.
Fleccy - I agree in part for the reasons why. The recovery part is blind faith I’m afraid
I’m not saying blind faith isn’t a legitimate investment strategy, but I always prefer to listen to the vast majority of expertise on this subject
Your article already indicates a huge loss compared to where we should be and where other business are going
Add to that lack of investment for the future in terms of nation infrastructure and individual businesses, along with disturbed trading arrangements with compromises, less influence & of course threats to the UK itself are not conditions where U.K. based companies will suddenly look like attractive investments
Do you remember the warnings of self inflicted consequences? I understand the U.K. is the first country to earn a Darwin Award, that’s indicative of a global laughing stock
"That article settles any argument where FTSE is used as evidence to suggest country and market is in good shape."
I don't believe the UK market is in bad shape, my view is that international investors have shunned UK focused stocks unnecessarily, a bit like a herd of Gazelle being spooked the wind shaking a bush and making a run for it. The UK will come out of this whatever happens and I see the Brexit rhetoric as smoke and mirrors. Even on WTO the country will still trade and BT/Lloyds/Vodafone/ whoever will still do business and life will go on. Basically I don't care what happens in the next year, or two, i'll just keep building where I see opportunities and await the recovery. UK focused stocks are so undervalued, they are a screaming buy in my opinion.
Excellent article Fleccy - I think I understood the principle of ftse highs not being based on good fundamentals & therefore susceptible to volatility based on external forces. That article settles any argument where FTSE is used as evidence to suggest country and market is in good shape. That will be the hidden billions & billions of pounds lost because of charlatans being taken seriously.
"The UK stockmarket has done very well the vast majority of stocks are doing very nicely. There are a few rubbish stocks te likes of BT who have gone against the trend but that is no reason to rubbish the whole UK market"
The FT article below would disagree with you Avro, it does a comparison between UK focused stocks and exporter stocks. Maybe I should have been more specific and said UK focused stocks. Just because market sentiment doesn't like UK focused stocks, doesn't make them rubbish. Investing is a form of gambling, you make money by taking chances and going against the herd. I;m just ging to keep building my portfolio of U focused dividend paying stocks and wait for sentiment to change.
"When put in dollar terms, the UK-listed domestic basket is 17 per cent cheaper than on referendum polling day and the exporters have become 7 per cent more expensive."
https://www.ft.com/content/364c32ce-f11d-11e9-ad1e-4367d8281195
Fleccy,
Don't get me wrong. I am not opposed per say to BT. When the price reaches 175 I am planning to buy some. All I am saying that one should not be investing just in contrarian shares.
Fleccy,
Lets get this straight There is nothing wrong with UK stocks. Where is your evidence that UK stocks at rock bottom !!!
The UK stockmarket has done very well the vast majority of stocks are doing very nicely. There are a few rubbish stocks te likes of BT who have gone against the trend but that is no reason to rubbish the whole UK market. Can I humbly suggest by all means keep some of your money invested in BT but maybe just consider that you sell some of your rubbish and invest the proceeds in good quality stocks. Yes I will admit are a few sectors like retail that are performing poorly but even there if you buy the likes of Greggs and Next you should be ok.
Oh they will. But better than grabbing them both and being punched in the face.
Fair point lamtree. That said, with regulations being so strong, BT may now be one of the better buys with the current low price and OFCOM loosening their grip a bit.
"gas/elec/water capped,,I could go on where we were all fleeced and companies now are struggling to think up new scams."
I actually agree with something you've stated, but the regulator can't impose a regulatory environment that leads to a company going bust, otherwise they'd end up in the courts. The regulators have got to reach a balance between company/shareholder profit and fairness to the consumer. The electricity and gas companies are now highly competitive with lots of different suppliers, I recently changed to Octopus. Water companies have a monopoly in their supply areas, so are regulated due to a non competitive environment.
"Oh really?....tell that to the Carillion shareholders.. for starters"
Check out the SXX forum for people currently going through it.
https://www.lse.co.uk/SharePrice.asp?shareprice=SXX&share=Sirius-Minerals
A classic example of hyping up a stock and then pulling the rug.
" Companies (and too rightly so)arnt able to fleece us with ease like they were allowed to "
Oh really?....tell that to the Carillion shareholders.. for starters
I guess it depends how you define "fleece"
"Theres nothing wrong with UK stocks,its just very strict regulations over the years are being brought in especially on utilities."
OFCOM are in the process of letting BT/OPENREACH compete more with less regulation;
"4.13 In competitive areas, Openreach will no longer be required to provide wholesale access to its services. Competition between networks, supported by duct and pole access, will drive good outcomes for consumers in terms of pricing, investment and innovation"
"In potentially competitive areas, we want to create the best environment to incentivise investment. We would design regulation to encourage network deployment, recognising that competing providers will only invest in building their own networks if this is more attractive than buying wholesale services from BT."
https://www.ofcom.org.uk/__data/assets/pdf_file/0025/116539/investment-full-fibre-broadband.pdf
"Regulating the cost of some, but not all, of Openreach’s wholesale services. Ofcom’s approach aims to promote investment in building full-fibre networks by encouraging providers to build their own networks (rather than relying on wholesale access from Openreach), while also protecting consumers that rely on Openreach’s copper network"
https://researchbriefings.files.parliament.uk/documents/CBP-8392/CBP-8392.pdf
Look on the bright side lametre, if I'm wrong you'll be able to say told you so, but i'm confident that my investments will do well. Why am I confident? Well i'm not an international investor, so currency isn't an issue for me, apart from maybe Vodafone as their dividends are issued in Euro's. If the UK economy collapses, then so does the rest of the world. I also believe that the market is being irrational in relation to UK stocks and much of the negativity is part of the herd mentality. The stocks , i'm invested in, are all large high revenue blue chips that are unlikely to go bust.
Where's the problem? I'm just going to keep building my UK holdings at these fantastically low prices. Currently UK stocks are rock bottom and I love it. I'm just going to keep adding and adding to my UK stocks and wait for market sentiment to turn and then rake it in.
Two big mistakes with this share.
1 Not taking Deutsche Bank's warning seriously.
2 Not acting on Lam C3's advice to sell.