Member Info for ahha

Congratulations to Paul Taaffe for the way he has turned everything around and for Derek Mapp's guidance. Mercifully, there were no nasty surprises and much as what was expected. Hopefully, the brokers will re-rate this share upwards and the share price will rise! Not unreasonable to expect another 10% rise in overall profits in 2018.....so a rise in the share price to 90p should be achievable. What say you Gotrader? Maybe even Diehard will have something positive to say.......as I count all of my massive profits.

Drax up again another 6.5%.........why isn't CNA moving?

Drax up again another 6.5%.........why isn't CNA moving?

I noticed that Drax was up today and the share price is �1 higher! Surely Drax cannot be as strong a company as CNA.

Is a REVERSE head an shoulders a good or a bad sign?

I was interested in your views regarding nationalization and the oil companies. I hadn't considered that Corbin might want to get his greedy hands on a minnow such as PMO! But as you mentioned it, I remembered that I have 50,000 RKH shares, mostly owned by PMO. I have been following them for a long time, because they are sitting on billions of gallons of oil, as yet untapped, and the value of the shares in no way reflect the true or potential value. As RKH is in the Falklands, I guess when the oil fields are developed, it will be a prized British asset. And once oil reaches between 70 -80 dollars a barrel, I am certain the British government will be keen to encourage development. But "OHHHHHHHHHHHHHHHH JEREMY CORBIN" could put the "boot in" and mess it all up for us investors! Personally, I have a feeling that oil and energy stocks though unloved at present will come into their own. We may have to wait.....I think the last time I made a lot of money on RHK was a couple of years after the 2008 crash....when they moved from 20p to �1,50 at one stage! Obviously, an improvement in energy prices will have a very positive effect on CENTRICA's share price. Which gives me the opportunity to say that having listened to the press briefing of the Centrica's managment team, I was quite impressed. It struck me that they know what they are doing and have set the business on a strategic path to future success!

I completely agree, in my day it was quite an achievement to win a place at university and i was extremely grateful and fortunate to have had my education financed by the State. But the emphasis of my earlier comments was not to imply that I disapproved of a State funded education....I honestly wish that every one could benefit and i feel extremely sorry for the younger generation. It is just that it seems to me that Labour's only solution to everything is running up more and more debt, which ultimately will make matters even worse for future generations. As a share holder in CNA I am obviously concerned about Labour's plans for nationalisation, not just because my investments will lose money, but because we will have to borrow more money to acquire industries that after interest is paid, will probably not make the country any better off anyway. Its just political goal post changing in order to bamboozle. Those of us who lived through the miners strikes and all the power cuts do NOT want all that nonsense again!

Thanks for the comments. I especially liked the one about the Post Office and increased buying even in the face of possible nationalisation if Corbin gets in. It was also reassuring that most seem t think that he has no change of being elected. I think my anxiety was fuelled when I went to vote in the last general election. I live in a university town.....and am myself a university graduate. The polling station was full of students....who previously never bothered to vote. Unfortunately, the offer of free education was a real vote winner and brought a whole new generation back to labour. The fact that us older voters know another Labour government would be a disaster is not appreciated by the many thousands of new , desperate and slightly na�ve young voters.

I am warmed by your enthusiasm and positive comment.......all of it true......it is just there is one fly in the ointment......the Tory Government is so fragile........a crisis could blow up at any time.....and then........OHHHHHHHHHH JEREMY COOOOOOOOOOOOOOOOOOOOOOOOOOORBIN!!! Without that threat.......CNA would be well over �2.00 All we can do is hope against hope that the Tories cling on to power. I wouldn't want Teresa May's job for all the tea in China..

I completely agree. The threat of nationalisation has spooked the market and has been instrumental in keeping the price depressed.......but if they still have a few more years of large profits, dividends and company improvement before nationalisation......then surely its worth holding the shares at least until the next general election. Let us hope that is a few years yet!

morning! The only stag is that it all seems too good to be true. Part of me is dreading the results on the 22nd. I'm in too deep to sell now....and fear there may more pain......but I'm a bit like a rabbit caught in the headlights. Maybe feeling like this is a GOOD sign. Whenever I am over confident about an investment decision.....things go pear shaped. When I am fearful things turn rosy! There must be many out there feeling like me. I keep telling myself, that even if CNA was nationalised.....it will take quite a few years to achieve that. So no need for an immediate plummet in the share price. I also cannot see how this company cannot continue to produce lots of hard cash......even if its market share is falling. The share has to be good value.

My apologies Gotrader..I was looking at the wrong year.......next news looks to be around 15th March......hopefully the share price will start to climb around that time. Also talk of a WPP takeover might stir the media shares up a bit.

I personally will NEVER believe the words of a company director again! On balance, I believe the dividend WILL be maintained. It would take a new director to cut the dividend without very good reason.....a "new broom", as they say. I hope people's optimistic expectations are realised, unless there is bad news in the pipe line, the shares are bound to rise from here, until the XD date, in my humble opinion.

Actually, though they went to 84p to buy, one could not have sold at the at price.....with the spread, I do not think one could have sold shares at any price higher than 81p. The share seems to have been kept artificially high with very little buying and selling activity. I notice that if one sells the shares........it will cost a lot more to buy them back again.....so I'm not sure what all that is about. The reason I thought that there may be a report on the 2017 results was that there seemed to be an announcement in February last year.

Thanks Gotrader for the latest snippet of news! The problem with this share is there seems to be very little news flow. But we should be getting a trading statement in the next week or so! We need to....as the price seems to be weakening a bit. I should imagine that we will have news of improved profits form Huntsworth Health and Grayling. If Red can hold it's own that will be good. As for Drew Rogerson....we shall have to see.....can't they sell it off? Unfortunately, the weakening of the dollar will have an impact on profits, but in an ideal world, it would be rather nice to have an increase in the dividend. One good thing is that the company seems to be bringing down its borrowing....which is an extremely positive thing in the light of future positive borrowing costs.

Shock horror the shadow chancellor was interviewed this morning about his plans to nationalise all water, rail and energy companies! As frightening as these plans are......the interviewer did a good job in blowing apart the rationale behind it. Firstly, billions would need to be borrowed to pay for the newly nationalized industries in a market of rising interest rates! Secondly, if the nationalization is argued to be necessary to reduce costs to the consumer, it will result in the company making no profits at all! This will result in the industries being a rope around the government's neck! Even if all the profits are ploughed back into the business, at best, the change would be negligible and hardly worth the risk or effort in the first place!! Having said this, with these kind of debates going on in the background and the Tory Government in such a perilous state, I think we have the answer why CNA shares have taken a tumble and remain depressed. Apparently, if Labour get their way, the industries will cost them nothing, as they will just issue bonds for the shares paying a nice interest rate to help those of us who are pensioners. One word of comfort in all this.......if we get another Labour government, it will take years to nationalise everything. And most likely, our next government will be another coalition, which hopefully will down things down even more!! So hopefully we are talking of at least three to five more years of the company being run and making profits without government interference........so no need to panic just yet!!!

After all my experience, I still fall into traps. But I completely agree with you about bitcoin! When I hear friends of mine, who have shown absolutely no interest in investments previously start giving me tips about Bitcoin and individual shares...... I KNOW they are just about to implode!! Funny enough.......I am starting to thing that Gold might be a good investment........I've been listening to a lot of comentators with some very convincing arguments......including Greenspan! Once again......is this another con? Maybe the 2018 stock market does have further to go........maybe jumping onto gold right now is too early. So people listen to the "wall of worry" sell stocks and pile into gold.....and guess what? It plummets!!! I think we all have to be wary of the media and our computers......all I have to do is go to a gold site to check the price.........suddenly I am being bombarded with smart advice about how right it is to buy as much gold as possible! Suddenly I get unsolicitated telephone calls saying that I have to act fast......no time to lose.....or I will miss the opportunity!! I've heard it all before Kellogs. As you say.......the only way to get rich is to do so SLOWLY......it requires nerve, patience and discipline. I just wish that I could always practice what I preach!

Very succinctly put Kellogs! Trouble is how do we tell? I would NEVER buy at a high........when I made the decision to get in CNA at �1.90 I figured that after years of decline they were about ready for a turnaround....especially as the P/E was so low and management were taking steps to reposition the company. I figured that the down side, which is always a possibility, would be limited. I doubled my money in the last 12 months. CNA was supposed to be a "safe" investment. Maybe the size of the dividend was a bit of a clue to be wary.

Having endured the ups and downs of shares for 40 years, I have grown rather cynical. I think the big boys can easily manipulate the market. Its the same story over and over, if you see something too good to be true.......lots of positive stories about the share.......rock solid income.....huge dividend.....safe as houses right? WRONG! That's a prime target share for the big boys to exploit. All they need to do is sell massive amounts of shares that they do not own......and start an avalanche in the share price and reap the profits.....then when the price is drive down as far as it will go........they buy them back again and the whole process starts all over again. They pump and they dump! Almost always when I have felt good about a share......I have been disappointed......I listened too much to the media which is usually a lot of hype and rubbish. All I can say is, that assuming this company remains solvent and does not get nationalized.......it has a fair chance of recovery. But why has it been in decline for so many years? Why hasn't it performed more like BATS?

Yes that's a good comment! Will CNA's future profits be more for electricity than gas then? I keep wondering why this share has been so hammered! I can only come up with market manipulation or maybe something rather ominous that we do not yet know about. The reason I invested in this share the first place was that I reasoned that gas and energy would always be in demand and there was no way they would go bust. Do you see any flaw in that thinking? Cos we all buy stocks and suddenly for no apparent reason the price is trashed. As I say the only thing that matters is that it continures as a company to produce a steady revenue and that it stays solvent.