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Devon, thanks for your posting - all OK now.
What is your view on TCG? It looks similar to the DEB position previously. Please advise as I have read your views on here with interest, especially as you have opened my eyes to the bond holder position; which more fool me, I had not more fully appreciated until DEB's demise was so important. It seems especially odd that foreign shareholders are emerging who do not seem to understand the debt position yet presumably are better briefed than most?
"Does anyone else find that you cannot download the lse site anymore on an iPhone? This is getting to be really irritating especially when following various share price movements lately."
go to the botton of the page and select "desktop version" that works for me.
Pearly you should of upgraded your iPhone 1 instead of gambling on debs. I'm sure Knigee will come back to you on this query, he's the expert on everything! Or at very least you will be told that query shouldn't be posted here.....
Does anyone else find that you cannot download the lse site anymore on an iPhone? This is getting to be really irritating especially when following various share price movements lately.
Solution anyone?
Yeah Met - agreed we are a bit off a recession. However sentiment needs a quick shot in the arm. Markets realing again today and China gave trump two fingers. My current position is down 15% today - lol- all cash and no margin so I can just sit tight.
It has been interesting, what I said last week about a worldwide recession, well the media have started speculating, what with the inverted yield curve, signals that UK and Germany may be heading towards recession.
Not there yet though, personally I do think there will be a recession soon. Its not to say that there won't be good days as we go along, but things have got riskier, IMO.
As for the Trump, it will be interesting to see just how economically powerful POTUS is. I think he will find that the markets have more weight in them.
https://www.investegate.co.uk/debenhams-plc--irsh-/rns/new-guarantors-of-the-notes/201908141423020791J/
NEW GUARANTORS OF THE NOTES
Pursuant to (1) a third supplemental trust deed dated as of 28 March 2019 (the "Third Supplemental Trust Deed"), by and among the Issuer, the subsidiary guarantors named therein, Debenhams plc (in administration), a company incorporated in England and Wales, Aktieselskabet Th. Wessel & Vett, Magasin du Nord, a company incorporated in Denmark and the Trustee, to the Trust Deed, and (2) a fourth supplemental trust deed dated as of 9 April 2019 (the "Fourth Supplemental Trust Deed"), by and among the Issuer, the subsidiary guarantors named therein, Celine UK Newco 1 Limited, a company incorporated in England and Wales and the Trustee to the Trust Deed, Debenhams plc (in administration) and Aktieselskabet Th. Wessel & Vett, Magasin du Nord have been added as additional guarantors of the Notes, with effect from 28 March 2019 and Celine UK Newco 1 Limited (together with Debenhams plc (in administration) and Aktieselskabet Th. Wessel & Vett, Magasin du Nord, the "New Guarantors") has been added as an additional guarantor of the Notes with effect from 9 April 2019.
Met - what a few days. Between organising cash and getting bets on, stressful stuff. December Call options for bmw both over last two days, it goes to show how luck goes, a 4% upswing yesterday given tariff news with only 65% of options obtained. Further monies only available this morning but thankfully the market tanked again and I got remainder on at close to similar level. Here's a call too - trump is now really worried about the trade war effects - rate inversion today, being trump the only goal is to be re-elected - deal with China will be done by mid October. China will want it too. US will not push for what they had been pushing for but trump will claim it to be the best deal of all time! That coupled with dragi rate cut/stimulus will hopefully see me with plenty of cash. Just a wait and see game now, fingers crossed as all the reserves I have are in this one. I ve been watching it for months now. In at 59.70 level, hopefully I'm not wrong on this one but there's always a strong chance I am!
I see you are telling everyone on CTAG to accept reality and are sharing your experience. You really are a muppet. You are valuable though as like a fly you are drawn to every basket case company, so saves a little bit of work. Keep investing Knigee
"There are no ex shareholders. Its a new company."
Just the same old bon holders :)
My great surprise seeing SV become CEO. His name was mentioned months ago.
Lol Knigee, you really are a dope. Most activity on the markets is gambling including all of your brainless investments
There are no ex shareholders. Its a new company.
Anyway Nigel, haven't you got a checkout to sit on?
A new CEO then. We expected .. no mention of the now ex shareholders.
I did like the comment below from the guy who told me I had gambled here.. who is now making a "pure gamble" ..you couldn't make it up...
Thanks Met, really appreciate the detailed view. There are a lot of factors to consider at this point of the cycle. I agree with many many points you outlined and its a solid view. I remain a bull on the US based on two indicators: 1) year on year transactions continue to increase 2)based on a margin of safety concept using the 10 year bond rate the s&p is offering 4.6% (earnings yield) v 1.7% on the bond - significant 170% margin of safety. I fully agree that the markets are very high based on historical prices but compared to interest rates US could be considered value. I believe this is what buffett is saying when he is calling the market ridiculous cheap.
Hi Ifonly
My view, based on a historical perspective is that we are due a crash and a big one at that.
This is the longest Bull run EVER! When records are broken (S&P500 and FTSE100) the end of bull runs come soon after.
Don't tend to dabble in the US market, my feeling is that Trump will manage to sustain buoyancy until the next election, after that if inflation gets out of control (which often happens during prosperity) then the Fed will increase interest rates and the flow of free money will come to an end. That is when I expect the US securities to retreat considerably. And I note we have also seen Gold prices increasing, that's a canary. That's my take on the US, and when America sneezes the World catches a cold.
As for the UK, Brexit is noise. And I do agree that some good companies will have their SPs hit, providing good buying opportunities. I am looking to indicators such as the FTSE revisiting 6500 to see whether a retrace will become a contraction or if support can be found. But generally my view of the equity markets are that there are many many zombie companies who have nothing in the pot, in fact entire sectors that are totally broken. I am bearish on the market. Recession is an almost certainty and how will HMG provide stimulus?
All of this by the way with or without Brexit.
Hey Met, hope you are good. What's your current view on markets - positive /negative? I'm of the general view the US leads the way and am positive about the upside there. Trade and brexit have really thrown up some good opportunities again. I'm planning a plunge and am quietly confident but nervous. Arranging the cash this week. It'll be in the EU options market, will let you know how it goes. Pure gamble but as calculated as it can be. Heres hoping!
Not a market beater, he lost an absolute fortune with Deb, also MOS, total disaster for him, not to mention CLP.
He works in a shop (I'll fish out the post where he says so if he tries to deny it).
Very much doub't retirement will come for him at 55. People who work in shops and lose their savings gambling on the stock exchange don't retire early.
Hey Pearls, thanks again. Im sitting on a nice little profit here already. KNIGEE you won't filter me pal, you might miss a good tip. I see you are still trying to control who posts where!
So you are a market beater now, in the top 3%. Come on Nigel we all know that ain't true. Your knowledge of investing is poor. If you did get lucky and made a fortune it's all being lost. No ones obsessed with you nigee, we just continue to point out your bad gambles.
To answer your question - I made so much money on Next and then Helphire years ago - a few car crashes since have not stopped me looking forward very much to 55 early retirement - why you are obsessed about me and continue to talk about other investments yet do not post on them is beyond me - it be a shame if I have to filter you as well!
Nice chunky short on Stanley now at 2.17. Easy money
You ignored the question, purposely I take it? Anyway we both know the answer!
Poor old nigee, he lost A LOT gambling here! Too proud to admit it though.
All investments carry a degree of risk. Whether you want to call it gambling is up to you. With Debenhams I only invested small amounts and what I could afford to lose. Btw if you do have to obsess about me - at least get my user name right!!
Knigee will on now saying its not gambling! Self awareness =0. Its not what we don't know that gets us into trouble its what we are sure we know that does! Good man Knigee, do you in general beat the market?