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How they arrive at this figure of .8% below pre pandemic when Aug GDP rose by .4% seems a mystery to me,after they reported on the 10th Sept that "Gross domestic product (GDP) is estimated to have grown by 0.1% in July 2021, and remains 2.1% below its pre-coronavirus (COVID-19) pandemic level (February 2020)" and the BOE reported on the 23rd Sept that "Bank staff have revised down their expectations for the level of UK GDP in 2021 Q3 by around 1% since the August Report, leaving the expected level of Q3 GDP around 2½% below its pre-Covid".
Is it Falky fantasy economics.
Jefferies analysts called the update "reassuring" as Barratt said total forward sales as at Oct. 10, 2021, totalled 15,393 homes. That came above 15,135 as at Oct. 11, 2020, and 12,963 homes as at Oct. 13, 2019.
Britain's housing market turned red hot after the COVID-19 pandemic last year, aided by strong demand for larger homes amid a shift to remote working and a temporary tax break for buyers.
Home prices rose by the most in almost 15 years in September, mortgage lender Halifax said last week.
https://www.reuters.com/world/uk/uks-barratt-forward-sales-rise-above-pre-pandemic-levels-2021-10-13/
Barclays and HSBC Predict Weakness Ahead
Two of the UK's most recognisable high street banks have come out and said they are not expecting the British Pound to appreciate in value from current levels against the Euro and Dollar.
Analysis from Barclays reveals the building of downside risks for the British Pound, which include the return of Brexit tensions and a policy mistake from the Bank of England in the form of raising interest rates too early.
Foreign exchange analysts at HSBC meanwhile say they are sticking to their view that the Pound is in fact not cheap at current levels and valuation will act as a gravity that constrains any attempts to move notably higher.
Pound Sterling Live reports these findings as GBP/EUR strength experiences yet another failure at the 1.18 level and GBP/USD slips back below 1.36, risking a deeper pullback over the coming days.
Barratt remains on track
UK residential property developer Barratt Developments is on track to deliver its targets for the medium term as well as for FY2022, after registering a steady customer demand between 1 July and 10 October.
“The positive start to the new financial year has continued in recent weeks with private reservations remaining strong,” said Barratt’s chief executive David Thomas.
https://www.cityam.com/barratt-remains-track-steady-customer-reservations/
I used to be a werewolf !
But am alright Nowwooohhh
The fact that the SP felt it necessary to dip below yesterdays close this morning suggests maybe more rise to come?
The UK economy is showing signs of stalling, growing by less than expected in August and contracting rather than rising in July.
The latest figures from the Office for National Statistics show GDP grew by 0.4% in August compared to a forecast rise of 0.5%, meaning it is 0.8% below its pre-pandemic level.
Brixton ,the Wolf has been let loose good luck , Lloyds continue to rise today I think gl.
"Lloyds approaching 50p again"
Good to see Lloyds recent surge, but I think there will be no mention of any special dividend or buybacks in the 3rd quarter update on 28th October which was alluded to in the half year update, so IMO 50p is going to prove to be an insurmountable barrier until final results day 24th February when news of how excess cash is to be distributed is promulgated. Good news then should see the SP 55 - 60p range or more.
Can’t see why M&S is being criticised. The turnaround plan is evidently paying dividend, evidenced by its latest figures and Archie Norman is a proven magician at turning companies around. Like TFE, am nicely in profit on these and hoping for further gains.
Lloyds approaching 50p again fingers crossed……..
It is less than 50:50 because transaction costs tilt the scales against you and you are betting against bots with access to endless data. The market rises on open and falls before the close to crystallise positions. It also does well in January and dumps in Sept-Oct. At month ends and quarters it also falls. The rhythms are patterns the bots observe as are the responses to ghost trades and media posts. The game is rigged massively against small day traders like Californian and Australian gold prospectors of yore. GLA
longtimeinvestor,
Fear not, we are not biased, we couldn't care less what you are, even if you are complete Kermit. Even superman is chilling out these days! Coming out as a muppet on these boards is cool, you can be so proud.
SR1, I don't disagree with you regarding LBG.
However my last post was about positivity or in this case the lack of it.
My reference to MKS was in response to your own assessment which was severely lacking in your understanding of "the fundamentals and what does it mean in current situation and market" as you put it.
With phrases like "i think they are heading to disaster and bankrupcy soon, the shops are dead empty, food business quality dropped massively" Sounds to me your assessment was just an observation and dismissive.
I'm not saying M&S is without problems, what company isn't, but we clearly disagree, and I believe it has further to run even though the sector is somewhat out of fashion (no pun intended).
For info I'm invested in MKS, currently +52% to the good. I know these have been unprecedented times but not too shabby for less than 12 months return.
Each to his own.
longtimeinvestor, are you?
Thanks for letting us know!
Typo: should be ‘put the economy’
ws
Muppet
...are due to report stronger IMO. The early Covid realisation of this government to blame!
‘All Bar Brexit Boris’ using Covid as a scapegoat is another factor.
Day trading is 50/50 luck
Investing in good solid Stocks and Shares needs patience and your rewards will come in time :-)
...are due to report much better performance than UK counterparts IMO. the early Covid failures of this government has but the economy on the back foot! ‘All Bar Brexit Boris’ is another factor.
TheFar
It is nothing to do with someone being positive mate
It is all about how much you understand the fundamentals and what does it mean in current situation and market
Which I am sure many here are doing fine following that.
It is not a luck and crystal ball or random guess it is all about understand those numbers and health of your stocks otherwise you should not be investing
For me Lloyds is way way under valued and market soon correct that to at least 60p not in stright line but it will happen sooner than people think
Hold very tight .... I say and always DYOR
GLA
IMHO
More Gov. backed loans for the Banks?
Seems a number of businesses are calling for Gov. to help regarding addition energy cost at the moment - guess it will fall to the banking sector to service such loans?
Falky institutions,getting ready for future dividends into pension funds increasing their portfolios ,banking ,rental environment funds ,green energy , Cornish mining etc .....
Yep called it Monday gla.
55-60 range will be seen in October. DYOR
48.53 looking good for 50p end of week market's pricing in for November rates rise