The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Train strikes to go ahead for next 6 months
https://www.proactiveinvestors.co.uk/companies/news/1017865/train-strikes-to-go-ahead-for-next-six-months-1017865.html#:~:text=Train%20strikes%20will%20continue%20across,said%20general%20secretary%20Mick%20Whelan.
Blackrock are underweight in DM equity and do expect a recession at this stage, but that largely depends on what the Central banks do from here on in....
Need to see if the FED pauses today and then lets the data and the lag catch up and slow the core inflation into July and August....
The US bank crisis will slow lending which slows the money supply further into the economy ..FED has provided QE to support problem banks ... a system under real close observation at present
Inflation in bus wages is already a known, known ...
I dont see a need to panic at this stage
You can now get around 5% risk free return on savings. Equities just aren’t worth the risk imo, particularly those with a lot of debt.
8 million sold this morning.
Could be they're moving more to cash as they expect a downturn accross equities.
I still have a niggling thought that the recent bank crisis was the appetiser for what's to come.
Looking back at the run on Northern Rock several months, even the year before Lehmans.
Unlikely, as directors bought in recently.
Reckon they're just reorganising their funds.
Been some large sells going through over the last few weeks.
Are we to assume they have more to offload, further sp pressure.
What's the likelihood they've been sounded out for a cash call by NEX and decided to sell ?
Over all sell 9.8 million
When an investment company decreases its shareholding, it means that the company is reducing the number of shares it owns in a particular company or companies. Shareholding refers to the ownership of shares or stocks in a company.
There could be several reasons why an investment company might decrease its shareholding:
Portfolio adjustment: Investment companies actively manage their portfolios to optimize returns and manage risk. They may sell shares of a particular company to rebalance their portfolio or reallocate their investments in accordance with their investment strategy.
Profit-taking: If the investment company has made a substantial profit from its investment in a particular company, it may decide to sell some of its shares to lock in the gains and realize the profits.
Risk management: The investment company may reduce its shareholding in a company if it believes that the company's prospects have deteriorated or if it wants to reduce exposure to a particular industry or sector.
Strategic decision: The investment company may have changed its investment strategy or decided to allocate its capital to other opportunities. As a result, it may reduce its shareholding in certain companies to fund new investments.
It's important to note that a decrease in shareholding by an investment company does not necessarily reflect the overall market sentiment toward the company in question. Other investors may have different reasons for buying or selling shares, and the stock price can be influenced by various factors such as market conditions, company performance, and investor sentiment.
Regenerate response
I am not selling anything .....day before the US CPI figure and then the FED decision.... not suspiring there isn't a strong move forward just yet.... but...the strong move off the lows is a good sign ...and the market seems cautiously optimistic that the FED will pause ....for June..... CPI figure is always a difficult one to predict ...but I am betting it will be lower as time passes over the next 2-3 months
Stalled at 19.30 several times today. Break this and we should beheaded for a 125-140 range. More good half year results and back to the 180s by the end of the year?
"Within the going concern outlook period, the only expiry of these facilities is a £400m sterling bond maturing in November 2023. In anticipation of this refinancing, the Group entered into a £400m bridge-to-bond facility in December 2022; this is for an initial period of 18 months and includes committed options to extend the maturity date until December 2025."
"As previously communicated, we have already put in place a bridge-to-bond facility in respect of the £400m bond due November this year. We expect incremental annualised interest costs from this bond refinance to be in the region of £12m."
Had a quick skim through the annual report, and I notice a £400m bond is due to be repaid in November.
Does anyone know if anything has been secured to pay this off?
Personally don't want this, we'll only get 185.
Would rather a steady growth to 350+
The fresh depot is the first National Express bus depot to be built since its Coventry facility was constructed in 1986. The focus on the new site is to reduce the operation’s carbon footprint and to put in place a state-of-the-art, future-proof facility.
https://www.busandcoachbuyer.com/new-depot-new-culture/
Was around this time last year. Are we due one soon?
A share buy back, are you having a laugh??
What about the 100s of millions of debt??
Hopefully the First Group results have prompted a closer look at NEX from some funds. I fancy NEX as a business is trailing FG by 12 months simply because it has not sold assets. Hopefully share buyback plus divi come through on publication of the 2023 results next year.
£904k,£994k transactions -nnow thats an example of smart money moving in
Pleasant to see breaking through R3 level - albeit briefly...not that i watch this often :-)
Thanks PC.
JG68
Yes that is correct....flat fee just means that the monthly fee is the same, whether you use it once a month or 10 times a day....
Can someone just confirm if I understand the II charges correctly, please?
You pay a monthly fee and a charge everytime you trade?
Plus taxes or SD as appropriate.
Can't work out what they mean by flat fee.
Indeed, Pokerchips. Not in relation to NEX, but more widely, I would be amazed if the amount of tax evasion and tax avoidance does not rise significantly as a result of this unintelligent move by the Masterful Huntsman.
Tax take will follow the inevitable path in consequence, naturally, but IMO the politicians will use the full might of their box of tricks to try and twist it to their advantage, while trying to avoid the blame for what was always going to happen.
Maybe as a means of introducing a CBDC perhaps? Personal tax avoidance and evasion will also rocket, IMO, for similar reasons. Again, this could bode well for those who yearn for the de facto slavery that such a path IMO will absolutely lead to, sooner or later. So, political decisions that are either dumb, or deviously clever. If the result is the same, does it really matter which? If it gets off the ground anyway.
Inflation is still one to watch, before all that though, IMO. That we still have inflation at the current levels, after the fastest set of rate rises in history, really should make everyone slightly uneasy. But I could be wrong and the sun is shining, so time to make the best of the most important commodity of all, as Elon Musk and I think others before him have said.... GLA.
Yes their debt is better however their share price is also at 5 years high which will put us at 468 which seems crazy to me.
Lets say we get at around 2.4 on debt that should still put us around 300-350.
That's what me and a few others do not understand-this share price does not make any sense.
I do like the fact that I can buy more every month and I do not stress about it.
still need to keep an eye on it in case something changes drastically.
" we worry about how to protect the interest of shareholders from additional state theft activities..."
well, further State "raids" also include the fact that UK corporation tax has now increased to 25% from 19% from 1st April 2023, which will also impact on bottom line profits