The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Great response SJ
Fact*
RobertoLarcos,
Why are you so obsessed about the face that ppl own asos shares?
Your clearly telling ppl to sell via the choice of words your using. You are clearly working for hedge funds. Am I right or am I right?
Ha ha Sj74.
And correct, a massive potential for a takeover or turnaround.
Either way I ain't going anywhere.
May I remind people that since 2001:-
FTSE all share up c80%
ASOS up 1316%
It's a tough time for the company and it's a bump in the road but the turnaround is progressing and it's gradually becoming stronger regardless of what the SP looks like right now :)
may i remind you that:
past 5 years:
ftse all share +9%
asos -91%
past 1 year
ftse all share +5%
asos -53%
past 6 months
ftse all share +12%
asos -12%
past month
ftse all share +2%
asos -5%
so stop blaming it on the 'market', just admit it was a ****ty stock pick and move on
I am more worried that our idiot politicians might copy Sleepy Joe and try to introduce a tax on unrealised gains, as he is looking to.
At least their constitution will probably save the people from this policy being implemented. While I am generally supportive of us having an unwritten constitution, I do wonder if this might be a problem at some point.
But generally agree, the geopolitical landscape is right now unstable and getting worse.
To make one final negative point...failing politicians have a history of taking their people to war when they run out of things to put the blame on.
IMO, here and across the Pond (and the EU) they are all pretty much the same. All in it together and we are not invited to their party :)
As for the less important stuff (when compared to the above)...I have a small buy order in place here. As always, not going to chase it, but if it hits, I will let you all know. GLA.
Main reason to buy UK stocks is if you're hoping for a takeover.
Its now a self fulfilling prophecy. Where people are moving their investments out of the UK thinking it's going to fall away, so it does.
Rinse and repeat.
No idea what's going to happen in USA if trump gets in.. All bets are off. But tbh I'm more worried about world stability in that scenario
All time low territory even after a "positive" update - I warned that it's time to capitulate
Death by 1000 cuts. Mike doesn't always get it right and looks like he has thrown his money in the bin on this.
Shorts in control will easily shave another £1 off this in the next year interest rate cuts or not.
Eventually could come good though as they do sell good products unlike shein .
The only thing that will shift the SP north significantly and promptly is a takeover, otherwise there's a fair chunk of time before ASOSs starts to bloom again (which I don't mind waiting for).
I'm not sure what the answer is to revamping the investment case for the UK stock exchange however, reducing dividend tax and capital gains taxes may be a start...this may go someway to bump starting the property sector too.
Dont worry I know all about takeovers..been made redundent 3 times from that exact reason....BASS Breweries - COORS take over , closed plant.....HP FOODS (SAUCE) - HEINZ take over.closed plant , ROVER ...BMW take over , closed plant..I could go on with Cadburys taken over Mondelez USA , layed off half the work force, DUNLOP TYRES , moved to CHINA etc etc .. disgusting if you ask me , ' the British cant run companies ' quoted to me by COUNCILER MR SPELLAR....?WTF !
*If politics were involved who would want to invest in China or the USA. Biden or Trump can hardly be cited as great leaders, they are a couple of old codgers*
Of course politics is relevant as economic policy is developed / led by the political party of the day. If those voted into power are incompetent idiots, this will be reflected in policy or lack thereof. The recent Truss debacle provides salient evidence of this.
Both Biden and Trump (and their respective teams) have done a good job with the US economy.
Xi, not so much with China.
*People need to get off the Brexit bandwagon as its history and the UK is still muddling along.*
Not quite sure what you mean here, but it's not history unfortunately. Brexit wasn't a destination that would suddenly be arrived at, it's a description of a process and renegotiation of an extremely important relationship - neither is complete and what has been done so far has been handled with extreme incompetence that has had meaningful implications for the UK economy.
I'm also not particularly happy with muddling along. I would like good quality leadership able to put forward a decent plan to boost economic growth and successfully implement it.
If politics were involved who would want to invest in China or the USA. Biden or Trump can hardly be cited as great leaders, they are a couple of old codgers Although the UK from a political point of view isn't great, the same could be said of most countries. People need to get off the Brexit bandwagon as its history and the UK is still muddling along. The reason for the UK having a cheap stock market is because the hedge funds have decimated it. If I look back at my portfolio over the years many companies have been taken over by US companies, another DARK has had a recommended offer last week.
These companies are being set up for takeovers, why the politicians can't see this is beyond me. I don't believe the hedge funds are that stupid enough to be shorting the likes of DARK honestly thinking they will fail.
exactly !!! ...................bloody dump !!!!! i always said the uk would end up the **** pot of europe after brexit.... lol gla.
There is a catalog of reasons as to why investors are shying away from the UK and/or picking off undervalued companies.
A seemingly never ending period of economic stagnation/decline/uncertainty, political turmoil and incoherence, poor/incompetent leadership, Brexit fallout, no plan to boost growth meaningfully.
The political situation here is dire, with the middle ground held hostage to what were once fringe/extreme views.
Even if Hunt comes up with a plan, there's nothing to say it will be a good one. Indeed, history suggests the opposite.
Hunt the C*** is that desperate he's gone to CHINA with his begging bowl in hand , trying to get chinese companies to list on the FTSE eg SHEIN !!! LOL you couldnt make the **** it up if you tried LOL , PATHETIC !!!
nobody is interested in the uk stock markets anymore.....the uk economy has been a disaster since covid which has been run by incompetent politicians in a pathetic and corrupt government !!!! the uk is becoming un investable in and a just a hunting ground for cheaply listed companies when the £ is on its **** !!!! goodbye ftse hello usa !!!