Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Hi Ben
I couldn't be a bricklayer, bending over all day i would be stuck like it.
I'm not sure whether the Gfrd deal is good for the company or the shareholders, there must be another reason the Board want it to go ahead
I'm still surprised no more approaches have been received
Have a good week don't work too hard, unless it's for Tw then work harder :))
Hi bamps
How’s your weekend going hope it’s good.
On the gfrd front asked On site what’s happening on take over front. He told me seems to be going through , but I am still not sure it’s a good deal for us! But see what comes of it! Ps work hurts need weekends to recover now ??enjoy and god bless
Hi Ben
Well done, nice to be wanted but could you explain to me what this thing called "work" is?
ATB:))
Hi all don’t take this as boasting but Friday evening I got a call of somebody I used to work for and they offered me rates 10% more than I am on now. So it seems to me the house builders are not concerned! Gla
Hi Tom,
Should know by tomorrow whether an agreement is possible - might have to wait for the Queens speech but not sure of the time - think our SP may hold up till then. Without the £39 billion or so, not sure how the figures will stack up.
Just read this article:
https://www.theguardian.com/commentisfree/2019/oct/13/donald-trump-ukraine-turkey-impeachment
Trump Towers Istanbul - xenophobe in public and international mobster in private.
Hi Tom, tomorrows "official" opening price is 163.75, as set by the closing auction. So if you set at 165 to sell, and the SP does fall straight away then your order is unlikely to be executed. Also, if any significant news flow occurs over the weekend, then you should expect "gapping" to occur, in which case if you are dealing through a retail broker don't hold your breath as your order won't be at the front of the queue. IMHO, if you set to sell at 165 then if it gaps down you won't execute, and if it gaps up then it will, but I don't think that was your intention.
As for the "late" sales, they are likely just late bookings of transaction that occurred earlier in the day. Therefore they are measured against the closing auction price which means you have no idea whether they were actually sales or buys as they occurred earlier when the SP was different.
Finally, I closed out a large(ish) SB position at 1625(ish) hrs without any problems and it completed at the normal discount to the cash market. So that tells me there was no selling pressure at close. IMHO, Mondays open will depend on this weekend news flow, and if nothing untoward then I reckon Monday might be another steady / good day for builders.
My guess is that, after Friday's euphoria, we'll see a pretty hard 'correction' on opening tomorrow, followed by ups and downs throughout the week, according to the tone of leaks coming from the negotiations.
Of course, this is only relevant if you're a trader (gambler). Looking to the longer-term, Britain's housing shortage shows no sign of abating and the house building sector is going to be a pretty safe bet for the next 20 years and beyond. I even think that when help-to-buy expires, it will be replaced by a similar government incentive. Hang on to your TW shares, keep reinvesting the divis and in 5 years' time you'll be in clover.
Troubles hi, out of interest,
In your opinion do you think we will uphold the 1.60's tomorrow or do you think with the latest we will fall back to the 145's.
The reason I ask is that I have put a 25% sell limit at 1.65 for tomorrow morning thinking it will fall back, then buy back on the fall. Maybe those late Friday sells thought the same. Its just a gamble on my part so not meant for others to follow !!!!!!!!
Very wet here today so off to the Village for a nice pint or two.
ATB
Tom :-)))
Graham hi,
Yes you could be right. Not a lot of mention to those 3 X 1 Million pound sells late Friday ?????? They may have thought the same.
Keep well and lets hope for a hold or rise tomorrow ?
ATB
Tom :-)
https://uk.reuters.com/article/uk-global-markets-themes-graphic/take-five-market-themes-for-the-week-ahead-time-to-talk-idUKKBN1WQ1TS
Apologies, was not copied properly.
Just a few more things to chew over for next week:
https://uk.reuters.com/article/uk-global-markets-themes-graphic/take-five-market-themes-for-the-week-ahead-time-to-talk-idUKKBN1WQ1T
BJ won't 'suffer' whatever happens.
Hi Nige
think you could be right this could be back to 145 next week if things don't go right for BJ be interesting to see if we can hold 163 tomorrow let's hope they sort this mess out soon
Hi Nige,
The wise man is the one who knows what he doesn't know.
Blame game continues but it's always the ones with the dirty hands pointing the fingers.
BoL
Ps
Intend to Invest (not do) - about time spell checker figured out context.
When you have no respect for your teachers, you lose belief in everything, so your ideas are equal. The fact that they will probably have a degree doesn't matter much if everyone has a degree, in the new order.
Looking forward to a bit of Zen (or Tao) Troubles.
BoL
Hi RR
Think all going according to Plan. Massive Sp drop next week as Deal seems to become impossible, followed by Revoke article 50 (one way or another!) and subsequent Surge to my target price 263.
Electorate better educated? Just by the lying Press and Politicians. Think they should bring down the age of voting to 10 (cos its their future) and upper age limit to 50. Nobody seems to believe the experts any more, and their own opinions are equally valid. No respect any more.
Great for me, over 50% Float in cash. Intend do invest bit less than half remaining Float in bwy on Monday, prior their FinRes on Tuesday.
Very bumpy road but hope I've got my timing a bit better this time.
Hi Troubles
Never said whose Plan, who knows?
BoL
Correction: May/Boris Plan
WiganWarriors. Predictably, the DUP appear to be digging in their heels already. I wish they could be bypassed, but the numbers just aren't there to get a deal through without their support, as Theresa May found to her cost. And if the DUP aren't playing, you can be sure the provisional wing of the Conservative Party (the ERG) won't be far behind.
Hopefully, next Saturday's Commons sitting will get behind a Brexit poll (No-deal, May Plan or rescind Article 50). Now that the electorate are better educated on matters Brexit, I think their informed decision would give MPs enough clarity to proceed.
https://www.ft.com/content/6cb5ea32-ed1a-11e9-ad1e-4367d8281195
' dying in a ditch ' - will never happen - more like some mistresses bed !
Think that was suggested by David Davies (may have had one too many) on Newsnight. i.e. ' Brexit may not happen for a couple of years'. As far as I'm aware MP's opposed to a hard Brexit passed a law last month making this impossible without Parliaments express permission. Mind you, breaking laws seems to be in vogue now as does dying a ditch and hanging on to flagpoles etc... etc......
RR. Well, I reckon that leaving has been priced into the market for a while now. Its all about deal / no deal. Don't forget that Oct 31st (or technical extension for practical purposes) is about agreeing the broad terms of leaving, and if that happens we have a period of time (was two years) to detail the nitty gritty of future relationship etc. So a deal could be agreed in principle, subject to ratification beyond 31st. Once that is done then a couple of years to sort out the detail and not much will change, until i's dotted and t's crossed, unless during this time we have an election focussed on leave / remain or new referendum.
As for DUP, I am guessing that Boris has decided he can get a deal through UK Parliament without DUP support (10 votes), as many labour and a few others will settle for a deal.
If I was a betting man, I would say Boris is planning on customs boarder down Irish Sea, vote to get through Parliament and then big giveaway budget to get Tories (and him in power) for five years. Whatever then happens during the two year negotiation process will happen, maybe we stay, or maybe we leave. Either way, this kicks the can down the road.
Nice bounce, but as we know, this SP has a habit of dipping at the slightest whiff of bad news, so enjoy it while you can - and when it dips again, keep reinvesting the divis while it's cheap.
With all the will in the world, I cannot see a Brexit deal being done by 31 Oct. Even if the Boris plan is a runner, it is almost certainly going to require an extension, which will cause all sorts of mayhem. The plan could still fall apart before then if, say, the immutable DUP decide it's not in their interests.
https://news.sky.com/story/johnsons-brexit-proposal-creates-illusion-of-victory-for-both-sides-11833165
Compromise maybe or weak and wobbly ?
Hi Nige,
Someone's certainly making more money out of Politics than me.
On other matters, there could be a lot of skeletons coming out of the cupboards before Halloween.
Notice DC Circuit Court of Appeals ordering Trumps tax returns release and an ex-U.S ambassador to Ukraine has agreed to testify on his other impeachment problem - not to mention the shenanigans of the one who wants his name to stand out in future history books.
BoL