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Been listening to redknight and the colonel and 5k more at 9.09 this morning average 12.4p now !
If that's what you want Bozi fair enough.
If I knew the answer to the UK's problems I'd be the only one for sure.
So how do we fix it Jezzoo?
Elect a far right government that is going to drive half the country into the ground and let the other half, their half, muddle on through?
I'm assuming Braverman, Badenoch and Co?
Telsa. When I posed the same question.
Adikt shot back, and told me scotty boy wouldn't lie. If.scotty says the data room is packed. Then it's packed.
Is adikt and Co desperately ramping.
Or are they just one share gullibles.
There must surely come a point when they realise they've been made fools of
What you have had is BOD implying everyone and their dog is in the data room running over the figures……..what did you expect to happen when 6 months elapse and the only thing that has happened is the data room has got even more crowded …….
There is only so long investors who aren’t as emotionally tied into this share, as you, realise it is just BS designed to keep posters like you hanging on in the hope you can get out of this dump by gambling
On April 12 the SP was 22.25
On June 18 19.2p
On July 19 17 p
and on Sept 7 15p
We've had no bad news since, so whats changed...?
We are nearer to the Strategic Review outcome
We are nearer to PFS2
OK copper was $3.88 in June and $3.82 in September...
But gold was $1985 and $1960...its now $1988..
So this is a ludicrous valuation due to no buying and steady small sales (plus Berry Street)...
When the buying returns this will be at 20p in no time...
Redknight, the nearest to a realistic statement you've ever made.
"I love this country but we've been a second rate nation and declining economy for at least 20 years..."
The only thing I disagree with, is I think it's been longer than 20 years.
It's just a shame the likes of quady fort adikt shipright and one or two others, have yet to realise it.
The days of there looking down on others with there silly I'm always right, your wrong attitude, has become laughable
Jezzoo. You only need to look at the likes of quady and shipright to see the direction were taking.
Dbw. Dbw. Why can't you leave this shot hole today.
Nobody is forcing you to stay.
Unfortunately mate like many others, me included, greed got the better of you. But unlike you. I'm not in so deep it's hurting. I'm still showing a small profit
Jezzo
The sooner I can leave this ruined shot hole the better 🇵🇹
It comes from higher growth and increasing the tax take from productivity, not giving hand oitsvtomeverybtom dickmor harry who wants 10 kids and to live in Knightsbridge
Labour will just be more of the same we have now.
We live in exceptional times that won't be fixed by mediocre MOR policies.
Whilstever we have the PC brigade steering the ship it will never get away from the rocks.
1984...I'm sorry but you don't get it...
Goverment debt has to be funded through the Gilt Market...that has little to do with current rates which have been dictated by burgeoning inflation.
And yes that is coming down fast. We may have already had the last BoE rise...if not there is just one more...
But the short Gilt market is saying interest rates will average at least 4.5% for the next 2/3 years.
But the long end has risen dramatically...the 30 year Gilt, which is not impacted at all, has risen from 3.5% to 5% in just one year.
Why?
Because the massive increase in Govwernment Debt since 2008 has to be funded.
And who buys it?
Not you or i, but Pension Funds and Life Assurance companies.
So if, as you say, "You certainly don’t find it by borrowing more at higher rates..." please tell me where the money will come form if not from higher taxes...
And if the Government goes bust, so do the Pension and Life Funds and we will have an Equitable Life collaps on an economy wide scale...
So please suspend your political agenda. I'm certainly not saying I WANT higher interest rates...it is simple economics...
And Keir Starmer will only increase borrowing and therefore interest rates even further, based on Labour's uncosted programme.
Of course I agree we need greater prosperity to pay more (but not higher) taxes to fund the gaps.
Your prescription is to drop interest rates to zero, but what did that produce?
A nation of overborrowed mortgagees and fat stock market profits for the rich on both sides of the Atlantic.
Please reflect...I am the eternal optimist, but climate change and the stark realities of unfunded government commitments, such as the NHS, Benefits and Pensions seriously worry me...and its my children and grandchildren who will pay.
I love this country but we've been a second rate nation and declining economy for at least 20 years...
I’m not so sure that will happen under Starmer…………Corbyn and his cronies definitely.
Totally agree Tesla, there seems to be limitless money for helping anybody but our own people.
I didn’t live through the 70s but wise people have told me how bad it was with power cuts, inflation, then a labour government moving taxes through the roof.
We saw a wealth and brain drain then and I think we see it again under the next labour government.
You can’t tax yourself into prosperity
1984
We give too much to people who don’t want to work, but thanks to the likes of Gary Lineker tweeting, what a Pratt, stuff about migrants etc everyone thinks it’s great to let them in and we all pay for. Very generous of you Gary giving up a room in your squillion pound mansion are you also giving your house guest free private medical and dentist treatment, thought not so everyone else who has paid their taxes for the last however many years can’t see a dentist or doctor unless they go private.
The system is broken, we pay too much already in welfare but let’s let however many more thousands in to clog it up even more…..
When you have people in court getting free interpreters, paid for by the tax payer, telling the interpreter their interpretations are wrong, because they have lived here for 15 years, you know this country has lost the plot.
This happens regularly in court……..
Adikt, temporarily unfiltered me. Hahahaha, do you seriously think anyone believes you.
I nearly wet myself.
Your perceived superiority and font of all knowledge, has once again been shown to be sadly lacking, it's made you delusional.
Accept your post was ridiculous and move on.
When fort and novice are the only ones to support your tripe, it's maybe time to admit the games up.
People are sick of your things have changed, we're on the cusp of something big, tripe
Autobots much quietr today, but largely buying...
So what on earth was going on yesterdayyyand on whose behalf...?
Well the answer is you don’t fund all that ruinous spending, it was never maintainable in the first place. You certainly don’t find it by borrowing more at higher rates so that even more tax pounds just pay interest and go to waste.
That is another reason rates will crater, the government could quite literally be bust.
Inflation always was transitory, it’s almost washed through. All that raising rates has done is ensured a monumental crash and we’re almost in the eye of the storm now
We must close our borders and cut our cloth
Based on BSC's exit, it's possible that 50m shares got washed through market. Volume as you say has been high so looks like BSC are done now but often there's a small period of overhang where some tidy is required. I reckon the SP was trashed from around 13.5p levels, so quite remarkable to see it test the 7's based on a forced seller of no more than 1.4% holding. Need to account for traders and the overleveraged too as often they are victims to a large seller as get caught on wrong side of it. That compounds things further.
Yesterday, Morningstar data showed almost zero movements across fund managers and ii's on SOLG in month of October. So it appears it was all down to BSC. However, there are some II's not on that data like Norges and due to the fact they are sub 3% notifiable interest... it's hard to tell whether they too have been selling. That's the only real large unknown holder out there as far as I can see. They were active buyers when the price was 35p last year, so selling at these levels makes little sense especially when this story looks odds on to end very soon with a transaction or deal of some sort. They may as well hang in there.
The weird one is the XIB short. BSC unexpected heavy handed selling surely offered them a fab chance to buy back 15m shares and bank a whopping 12p+ a share. Instead, they have stayed put unless of course they have failed to update market on short position. That happens more often than you think these days.
Well done add, fort the price has already started moving north !! i guess this BB was just unlucky 😉
What arrogance 1984...we're not rich!
My weekly energy costs are approaching £100
We are hving to subsidise two children to buy an aparment each
I've lived and worked through the 1970s, as well as every economic crisis since.
I have posted an honest opinion, not an uncaring prescription.
I am being realistic. US and UK debt have exploded since 2008.
In the US from 10 trillion to 31 trillion!
In the UK from 745billion to 2.372 trillion.
How do you fund the annual borrowing and the renewals at zero% without a Gilt market strike, as is likely to happen in the US imminently.
I care passionately, which is why I immediately swapped my AMG GTS for a hybrid as soon as I got back from Greenland.
I was chait of a major University Alumni and the average debt students leave University with is £55k.
We have a massive NHS, Care, Childcare and Child protection and asylum seeker bills to fund ( the latter running at £3.7 BILLION last year.
Of course I care...I give a significant amount to NSPCC every year...and I'm worried, because the books can't be blanced without higher inflation than we have been used to, leading to higher tax payments...and a prevailing level of interest rates higher than we have had the luxury of for 10 years or more.
Stating the stark reality is not a prescription. Its just as scary for me as for you.
And thats why I'm looking for one last SOLG payday to secure our and our childrens' and grandchildrens' futures...
You're a kind man. When they think they have no audience.. they move on and start to address the true source of their anger which ultimately starts with taking responsibility for their own actions and not blaming others.
Fort, you're quite right - curiosity got the better of me. He's back on filter now.
Addicknt,
never unfilter posters... it's like the signs on zoo's that say to visitors ... do not enter the cage... do not feed the animals... yet youtube is full of video's of people ending up in zoo cages and having their hands bitten off.
I thought you were smart enough to realise that.
They crave a response. They literally bash their hands on their heads and scream like babaies when no one responds to them. They then rant more and more craving attention and wanting someone to interact with them. If you filter and ignore etc then they end up going away but usually they create a new alias and try again unfortunately.
You are doing them a favour by filtering them as they clearly need help with mental health. These BB's make them feel empowered and just fuel their illness.
Be kind... put them in the bid for their own sakes.