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Ps
Working late again, but from RelPrice graph easy to see when Brexit vote was (between 17/06/16 and 24/06/16) but RelSt graph shows rdw increasing from 92.7 to 101.7 during the same time (while all others plummeting). No idea why rdw should be immune to Brexit, but not entirely - it now has lowest Per (so best value) cos holds the least cash, and the market expects a housing slump after Brexit, so rdw less prepared for it, but won't happen anyway.
The more I look into rdw the better it seems, only issue they lost Main Man (founder, Ceo, chairman and main shareholder Steve Morgan), who has retired again - last time he did that rdw quickly went into decline until he returned.
In fact from RelStn graphs I can almost predict when he left as Ceo early in 2014, and when he came back as Chairman early 2015. So considering moving some float from psn or bdev to rdw (no float in tw right now).
Hi Taverham
So according to my last post rdw about 10% behind the rest which infers I should sell some bdev and / or tw to buy rdw, then maybe move back when rdw around 800, but not my method. Might need to change my methods due to (my) expected volatility in Sp.
Hi Troubles
Thanks for your post. As you know I am totally pro EU, and probably only see what I want to.
BoL
Hi Nige, Taverham,
There's been so much mis-information and downright lies during the initial referendum and subsequent elections, maybe the info I've posted might help. Unfortunately, we have elected politicians who have blatantly lied for their own self-interest and maybe with a bit more critical thinking, we would have put our cross in a different place - democracy ????
https://fullfact.org/europe/eu-facts-behind-claims-democracy/
GLA
Hi Taverham
You sat EU undemocratic, but I consider it as being far more democratic than UK. No Refs, Veto …
Certainly needs reform and they are aware of that - Grexit / Brexit means they have to change.
Don't know much about crst (on my watch list but ignore LSE at the moment). Think the reason for small movement in rdw could be less Institutional investors (proportionally), cos Chairman holds a big chunk himself. Just a guess but if correct should catch up fairly soon.
BoL
Trouble . Point taken and agree.
Hi Riolto,
That wasn't my personal opinion but sarcasm directed at the right-wing Press and the contradictions therein.
We are a parliamentary democracy now run by a set of cowards who run away from direct scrutiny.
ATB
Trouble, just had to comment on your J.C.remark the man .might have many faults but to compare him to mass murderers is a bit over the top, we are now I a period of what the people wanted and that was out of Europe and the combination of labour's and libs going against democracy and labour's leader was their downfall and to suggest that if they had won they would start a genocide in this country was going a bit far. Anyway it's been a good day yesterday for all shares , but the next week will show if will continue into the new year, best of luck with all your investments and hope the crystal ball could be of some help in the future..
Hi Nige,
I tend to only respond to political comments here (especially unfair ones or untruths).
I've tried to post info directly related to TW which hasn't received much response.
Could write a book on the GE ( still can't decide whether JC is Stalin, Hitler or a combination of both).
You only have to look to the States to see where real power lies with the use of media, role models, targeted programming, 24x7 advertising and even films to brainwash or at least influence peoples views and aspirations.
A generally better educated 'youth' are far more aware of this and are much more in tune regards the main issues surrounding the survival of our planet and relationships with each other.
Undoubtedly, this Govt with the backing of the usual suspects will attempt to restrict or even change human rights to suppress and re-educate this opposition, although the battle regards restrictions in the use or abuse of modern technology has a long way to run.
Fortunately, I can avoid most of the worst consequences but can't see how a few crumbs from the top table are going to satisfy those that have been fed lies.
Have a great weekend and hoping for some sunshine soon.
BoL
Nige, ref g/e the problem with no brexit or returning to EU is that the EU is a failing un democratic political construct that is doomed to failure because it is undemocratic. IMV it will self implode at some point unless it reforms and either becomes properly accountable to the masses or returns to being a 'trading club' for independent nation states.
Ref builders - agree great investments in general and Friday sp changes are inconsistent across the sector , which of course provides opportunities. For instance I am a fan of CRST and RDW and would be interested to understand why they did not rise as much as others , any ideas?
Hi Troubles
The concept of referendums is wrong (banned in Germany cos led to Hitler gaining total power) so should be banned from our constitution. The EU idea of giving any country a veto should be incorporated into our constitution (so Scotland veto = Cannot leave). The result is now meaningless cos History now, as you say many who voted for it, 6 ft under, while I Million + people (too young to vote) are being ignored.
So should Voters on any constitutional change only apply to 10 to 40 year olds, cos it mainly affects them?
To justify this post (after saying not being political again - but you successfully provoked me!), now we are left with Deal or NoDeal Brexit and looks like no chance of NoBrexit. Maybe 20 Years before we can get back in, and what will be left of UK then? Best solution without a doubt NoBrexit, longer term possibly NoDeal better than a Deal.
In any event don't think it will make a huge difference to Builders, but the rise today is more than I expected and agree with Ben - surge due to Lab and Corbynism (far left) being destroyed.
Personally holding for min of 250 before I think of selling, but as I said probably a lot more surges / slumps to follow, so maybe a possibility to make money on that.
Hi Tom
As you know I think Builders are the only place to be cos most undervalued. Congrats on selling at a profit, but rather than looking at very risky Aims, I suggest you look at other builders. For instance bdev which I reckon as being the most undervalued now, and particularly rdw up just 4.7% today (as opposed to 14.7% tw) while they have been surging since Monday (Open 672 now 716 = 6.5%, tw 176 now 200 = 13.6%. So why has rdw only increased by 1.5% while tw 14.7% - when tw down by 1.1% until today.
Can only put it down to different types / styles of investors, cos I cannot see why the surge which applied to most builders does not apply to rdw.
No idea what will happen on Monday, could inc / dec in price, but not too bovvered cos good value anyway. Need to create a constant held float to take advantage of these flurries, so I can buy / sell on surges / slumps. Is Value better?
BoL
Ps
Obviously a great day for people mainly invested in builders (hic!) and my held profit on bwy (No Float there now) just increased to 116%. Orig investment at 1423 (12/12/13), but increased Base Value since giving av of 1775 now 3831, very good day for me.
The under 45's think BJ is terrible and feel they've been cheated.
Don't really know what will bring the country together - Brexit will remain a divisive issue for ever and a day , no matter what happens.
Many who wanted it are 6 ft under !!
I have thought about today’s rise I do not believe it is because we have a good leader. More so a terrible one never got in ! Just my opinion ! I only hope this works out for all .Gla