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Been saying this for ages bunks whilst getting shot down. When or if the markets recover this never recovers with it. Just recovers some lost ground then falls back with the next event it can find to fall on.
On the plus side, this looks Value around here or lower, hopefully for the next tick up to 180-200 and then back again. Good for the traders at expense of good honest Pi who get nothing from being loyal to the company
o.p was lower earlier this month and we were 180's, o.p was lower yesterday and we were higher than we are now - market sentiment is playing a big part right now, wouldn't want to put a duration on our return to 180+ but I wouldn't call it a tick up from here - hopefully im wrong
The charts are a record over time - no rocket science or manipulation provided you are mindful of the period chosen, which is why I do use different time periods for the comparisons. Daily percentage numbers are often misleading because of the time difference. I find charts over very short time periods can also tell a distorted story
Regrettably the charts do point to 150 as things stand in the market, as 1msn has mentioned.
https://invst.ly/pykj2
So it's steady on the buy button for me. 150 (actually 151.20) was the dec 18 low . The prospective good news is that the recovery from there to around 200p was swift. Now a potential 33% profit is worth a punt even if COVID -19 sticks around for a while. I'm saving a fortune on holidays too - so might pump some cash in.
BTW Do you remember Spanish Flu ? I don't - well before my time - but nor did many of the generation that experienced it due to First World War censorship. However I understand it did infect over a quarter of the world's population and killed around 10% of them - including lots of youngsters, not just octogenarians, which did mark it out as a bit special.
Maybe I'm being a tad optimistic but I'll be over the moon today if we don't close on the low of the day.
Optimistic bunks. Apparently this share is resilient to low oil prices lol. Yet pretty much the worst performing oil stock over the last 12 months. I just bought a few tullow so probably lose more money on that. That is the worst oil share. Not surprised at this drop with general market weakness but Genel have spoken BS over prospects for too long now and it’s about time the market took them to task imo
ftse100 hovering around 7000, total carnage - 250 getting battered by almost 2% - madness
watch o.p shoot up after the UK close
OP is readying for a bounce for many reasons...
Coronavirus expected to peak then slows down from 1/3
Opec +1 ..hands will be forced to deeper cut
Bounce in china catch up industry machines
So hopefully by the end of this week all settles down and oilers and the rest of the markets start to recover..
Just speculations!
Hasiba I disagree. Brent is going lower- Brent to 50 next. God knows where Genel will go (or tullow)
The reason the share price is where it is at the moment is all to do with what’s going on in the world and the wider market and nothing to do with how the company is being run by management.
I’ve come home today to find the board once again filled with never ending bilge from some cretin about under performing management which is getting bloody ridiculous.
Cool, cretin I maybe but at least I have been right in what I have said and given reasons why I think what I do. You carry on ramping whilst this keeps falling like you have been doing for months. Boards are for all opinions
I haven’t ramped once....I never ever ramp a share.
No balanced view from you ever...you continually post negativity for whatever strange reason you have.
You’re a strange individual leem
No worries I’ll stay off for a bit. No intention to offend anybody. In fact only trying to speak from experience here and in other shares. Will watch from sidelines
You don’t sound particularly experienced leem from your comments on how every share you’ve been in has been dogs and I assume losing you money ? ...like tlw you just mentioned.
I’ve no wish to argue with anyone, trust me I’m not that type but your constant bashing of management and the company, unjustified in my opinion, is becoming very tiresome ..especially since you are not even invested. Makes me, and I bet others, suspicious of whatever your motives are.
That’s all I’m saying...off to watch champions league and forget markets
Thats a very kind offer of you Leem1 but I fear you are not a man of your word as you previously said you were going to stay away and didnt.
You don't hold any shares in Genel but constantly spout your negativity here and very very rarely on other boards.
I done think your behaviour is strange at all, in fact I think its completely premeditated and calculated.......
You my son are the kind of person I very much pity. When you look in the mirror and reflect on your post....What do you see...I know what I see.
This is my last every reply to any of your post. Please try and stick to your word and refrain from posting. The board will be a much better place without you.
Once again I wish you everything in life that you deserve............
Hawkey
Guys I dont know why you bother ... I put him in my filter out list a few weeks back and now happy days; no more poor post from our friend. Ok I get the replies but it is not bad.
Try it FILTER ....
Tensions running a bit high here, I think. Understandable given the state of the market .
G is currently performing consistently with its peers as any rational view would confirm. And, despite some volatility, it has generally done so for over a year.
G, GKP, RDSb and Chevron are all down about 8% over the last week (five full trading days). Brent is down 5% over the same period: https://invst.ly/pypq6 . The commodity more closely reflects the reality of supply/demand whilst the stock market reflects sentiment and anticipation. Generalised and non-specific comments about G's performance are not informative or helpful.
The company has promising projects in the pipeline but has less cash immediately available than it originally anticipated due to payment delays. Under the circumstances, it is managing the balancing act prudently in my view.
An excellent post as always Boyo.
I think a couple of the major major advantages of being in Genel is the current no debt situation and also the very low of cost of production.
At 30$ per barrel they break even and at 40$ a barrel they can maintain their dividend.
So share price aside for now Genel still have many Reasons To Be Cheerful.
Have to be honest though, I can see things getting worse short term with the blooming Virus and therefore the stock market and us but hopefully a vaccination is not to far away.......
Heres to a good outcome soon.....
Hawkey
hawkey how's tlw my guy
Thanks for the kind words hawkey. Keep up the reasons to be cheerful
Just as a matter of interest, bunks pointed out yesterday that G was getting beaten up by just about everyone else. He listed rather too many for me to deal with quickly or in one chart but I thought I'd check Tullow which was the most noticeable:
Tullow Oil plc TLW 38.05 GBX +2.05 (5.69%)
It was a big difference from G, but when you look at the five day chart (from the 20th) it adds context:
https://invst.ly/pyx46
There was certainly a spike in Tullow but it effectively made up for three days of slippage against G - it then fell back.
I'd be happy to look at any specific comparisons with G that I don't routinely post (RDSb/Chevron/GKP/DNO) although I do think they are relevant for checking G's performance ( a couple of majors and two KRI producers).
It does indeed add context Boyo, thanks.
I think what I said was:
i'm sure the charts are right but whenever i look we're getting beaten up by just about everyone else.
More of an observation about whenever I check the Sp, which is way too often, we seem to be losing ground, much to my frustration. It's human nature to check in more when the risks are higher, must be less human in this game for sure.
TLW has been extremely volatile of late for well publicized reasons, way too risky for easily spooked folk btw... not saying its a bad investment, just sayin it'll take courage...
Cheers bunks.
I used to get similarly wound up about 'snapshot' price movement comparisons (it's especially worth noting that the + or - numbers and percentages can sometimes refer to either the change from the day's open or the movement since yesterday's close). But more generally, it is often the case that shares in different companies do not always move in sync or for the same reasons - especially if they are traded across different markets - so you can often only do a realistic comparison over hours or even days.
Here are the last five days, I've left Tullow on there - it so happens G comes out best over that period but it's really swings and roundabouts TBH: https://invst.ly/pz4vc