Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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The short has now gone up to 0.73%
"Good Morning Mr Wolf"..........Literally what my eldest says to me in the morning these days. Yes all good thanks buddy, hope you had a great weekend. Please don't take my comment as anyway negative to what you say, I don't think you did but just to be sure as said I do value your view and opinions. I may look into them, I may use them or I may disregard them for my own views or "timeline for a trade", and I think you need to be that flexible as there are a billion views and scenarios that can play out in the markets, I think mass information is really what ruins most traders, being lead on and not trusting yourself and getting so confused in a trillion scenarios.
Have a good week.
Cheers,
@ JayK - Hey there, hope all is well and good in your camp chap. Great input below, couldn't have put it better myself.
Firstly, thank you for the "human" clarification lol, someone didi ask if I was a Ai Bot a while back, did make me chuckle.
Least my trade performance impressed someone enough to question the fact if I had fur.
As you know from my contributions, one tries to share the "non obvious" and I know from few heavy hitters around me, what mine and their concerns are. Be it that week or month, some trying to set up the next Q's even.
At the end of the day "it gets dark " and we're all in vested in this one thing and it aint charity or wasting / paying Hunt more stamp duty.
Wishing you and others a wonderful weekend, away now myself.
Regards W'
I always thought it was tracked via National Insurance number and picked up that way. So multiple across different banks would be spotted.
I went over my isa limit by 500 and it was picked up within 2 months
Staff Sharesave always matures in November. So that Q will see an increase (although they have 6 months to excercise most will do on maturity)
Il be selling up here at 190-200 , quicker than you can say jack flash
Thanks for the advice JayK, I think I was clear in the message that I went my own way regardless! And it was more of the underlying research / facts that Mr Wolf was surfacing rather than his own words. Your advice is spot on though and hopefully help others make sound decisions. I hope we can continue this rally and those that have been holding for so long finally see some results. A rate cut and more positive news from the US can help us move this forward to fair value
As banks don't speak to one another and cant disclose information regarding any of their clients, there is nothing stopping someone opening multiple ISAs in the same year and storing £19,000 in each so not to max out the allowance in one unit.
HMRC may catch up with them in 5 years and they have a back log longer than the UK benefit line.
Stupid idea in my opinion
Fusion98
The Government are conducting a consultation with all interested parties prior to rolling out the new UK ISA.
Here is a link to the consultation document and ANYONE can take part in the consultation. There are 15 questions in the consultation. There is an email address in the document for people to send their responses to this consultation.
Responses to this consultation should be sent to HM Treasury by 6th June 2024.
https://assets.publishing.service.gov.uk/media/65e734d62f2b3bd5107cd8c5/UK_ISA_Consultation.pdf
Ref JayK message.
....just about the most intelligent, helpful and gentlemanly post I have seen in a long time!
Not only do we have different ideas we have different needs. In my case, if all goes well in life, I will not need to take my BARC investment out for 5 years. So I am taking the view, they are undervalued, low risk and give a good dividend. But that is a unique set of circumstances that leads me to that decision.
Also enjoying the more positive sentiment about these shares :D
@Liquidator - Always go with your own GUT, not someone else's. Mr Wolf is human and can get it wrong like anyone, relying on someone else on a chat room is no way to make your own decisions and be held accountable for your own actions. If YOU think you should be out then be out, set a stop loss on your trade at least. I said this is long a when the results came out and stand buy it with my own hard earned cash, lots of it. However I do also value Mr Wolf's input, but never let what anyone else says over ride my decision and what I think and see. The UK economy needs growth, is it coming, I think so, lower interest rates the market likes, are they coming, I think so. Barclays have a plan for once, will it work, who knows but we can wait and see. Good luck!
Hope everyone else is good, its nice to see a change of moods in here from the doom and gloom, for how long, who knows :D ATB.
I would sell at 190 but otherwise holding for divis. I wouldn’t reinvest my divi at this price tho
I was freaked out by Mr Wolf’s analysis. However I am choosing to hold because of FOMO, though deep down I know he is probably spot on with his sentiment. I realise this goes against all principles about not being emotional about a stock, but this blue bird hits differently. Good luck to all and hoping we can make it to 200
I personally think it will break out of the current range, upwards rather than downwards. However, I have been disappointed so many times, so who knows :-)
Good to have dreams!
Maybe some of our resident chartists have a view?
Maybe mid £150s before bouncing.
Can't see it back in the £140s though like last year.
US banks seem to be going ok from what I can see.
No way the current Government will be negative in tomorrows budget, we should expect positivity tomorrow.
I agree what mr wolf has been saying ive been spooked with whats going on over the pond so i sold my investment this morning, but dont get me wrong this stock is so undervalued should be near the 1.80 - 1.90 mark. So ill wait by the sidelines to jump in.
Feels like the momentum has stalled and we are struggling to break through the 170 pence barrier. Anybody else expecting this to drop back to 160 before moving up again?
Federal Reserve Board announces the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11
The Federal Reserve Board on Wednesday announced that the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11. The program will continue to make loans until that time and is available as an additional source of liquidity for eligible institutions.
During a period of stress last spring, the Bank Term Funding Program helped assure the stability of the banking system and provide support for the economy. After March 11, banks and other depository institutions will continue to have ready access to the discount window to meet liquidity needs.
As the program ends, the interest rate applicable to new BTFP loans has been adjusted such that the rate on new loans extended from now through program expiration will be no lower than the interest rate on reserve balances in effect on the day the loan is made. This rate adjustment ensures that the BTFP continues to support the goals of the program in the current interest rate environment. This change is effective immediately. All other terms of the program are unchanged.
Things could get funky !
Some may refer to it as "sitting on the fence" one thing's for certain is the fact that, something big is about to happen !
1. Fed about to pull the rug beneath (Next Monday) JP,GS and Morgans have already spoke up and said they can not operate without the bank term funding program. Which will crush the Community Banks over there.
JP and Morgan's have warned smaller ones won't stand a chance.
Just look at New York Community Bank, has been hit for 80% since last year and took one heck of a slap only yesterday for 23% !
2. Price of Gold is just not stopping an literally hundreds of billions been flowing into both Gold and Crypto recently.
3. Lots of people gage market pre markets moves like Nas' offset against "Bookings" which has dropped off by 20% recently, usually a giveaway signal that something is about to happen.
Without trying to sound like the "The world is nigh" lol all I'm trying to put over is that ive seen these signals too many times in the past, thats all.
Current data is telling me that the big boys, are about to pull retailers pants down and stand there pointing and laughing.
It's clear as writing on the wall that someone is about to use retail as exit liquidity and rushing to do it, because its been done brash and blatant.
Look out and take notice the next pull back retail will go "all in" and appears to me the big boys will be selling to them.
Which is where I usually lay in wait, let's see what occurs after Monday when the FED pull the plug over there.
Retail will get holding the bag and the wise will wait to buy back at a steep discount.
If I knew what was going on id share it, truth is I haven't got a crystal ball.
Just charts, data and a few grey hairs of experience.
As for Barclays, we are listed as a UK Bank over the pond and hopefully won't get caught up in the bun fight too much.
We could either be seeing this recent 200 DMA clearance as support and a nice pick up from here (as we cleared it nicely) unless we see Barclays chip up and remove 190 / 200 in the near future, the path of least resistance is clearly down again.
Not all "half glass full " as we have been undervalued for a long while now and any hardship to the US Banks will only give us European and UK Banks a more level playing field in years to come. It's just a matter of seeing how it plays out on us in the short term. Maybe when the knee's rattle on the US biggies, investors might pile into undervalued Barclays lol.
Mr A and a few others are keeping some powder dry.
Ending on a positive note, we have cleared our ole friend. Without getting jumped on, next major player before we can all stop praying is +190.
Though it's critical we stay above the 200 DMA, least we have twice the buyback cushion this year, so if we do take shrapnel, it won't cause too much damage.
Interesting to see how this pans out this quarter.
Anyhow Honky Tonks, wish everyone well, im off.
Regards W'
I think a lot of that was exercise by staff of options under share save schemes. But it is a good point you make. Barclays should be satisfying share awards to employees from shares it buys in the market which it is entitled to do. It gets tax relief when shares are issued to employees based on the actual value of the shares over the amounts paid for the shares by employees and also reflects that difference in its profits. I don't know why it doesn't do this other perhaps that it allows it to exaggerate the amount of its buyback because clearly only the net reduction in shares overall is relevant to shareholders.
Qatar Investment Authority, the company that has the 0.5% short also owns 2.7% of Barclays shares, so it’s more of a hedge than a short.
So another reason for shorters to start.
Lower profit & a bigger buy back however more shares allocated.
We will have to wait and see.