Member Info for AimMaster2018

So you can predict the future ? They predicted ess sale to be 700m and got 350 m for it...they say if all disposals goes according to their valuation. The valuation on ess was 350m less than what it went for lol..if they don't get the valuation then what? then debt free next year isn't guaranteed...u have to sell which means u need a buyer...to predict u going to have a buyers by next year is absurd...before all of the above happens. Recession could happen. Recession is more likely than all the disposal happing by next year. Imho.

As I said earlier, have continued to say, interest rate rises doesn't help companies with huge debt on balance sheet....when there's talk of 5% interest rate rise is needed (based on itv news) to bring inflation down to 2%...its a concern..if I was in the committee for BOE, to see cost of living crises, the only tool to reduce demand is interest rate rises, and the last thing sunak wants to do is give free money to increase demand in the economy....then to stop price rise being wide spread over a long period which is damaging...there's every more reason for BOE to go aggressive on interest rate rises. I expect another rise, a rise of 0.5% +...nothing less. Imho

It's down just under 1300 points...never seen such a big drop in a day since I've been in the game

Nasdaq down 600 points

Dow jones down 1000 points and counting

This is where the banks are important, if they value the property lower and expect the shortfall to be covered by the buyer..this is where cost of living push prices down...with costs eating into savings, and bank lending less than valued property. This should cause a drop in demand..imho

I wouldn't mind the 14% p.a on personal savings...wish boe got on with it...one thing I hope is housing bubble to pop

Remember, only way to bring down inflation is interest rates. After todays headlines in the media...where its jump 2% from 7% The highest in g7 countries....the worries of cost of living. And with BOE expecting it to go worse due to food crises in ukrain. I would not be suprise if they increase interest rate by 0.5% in June imho

Imagine paying 39 and loose 20% on your investment.eekkk painful imho

From 47% to 21%...big drop

Outsourcing will have to factor in the wage cost when agreeing a contract and in addition, they want reasonable margin on that contract..so not necessarily imho.

Debt free is only possible once all disposal has been executed. Some disposal proceeds takes upto 6 months to come through after agreed sale. We haven't had one disposal yet since result...were near the half year lol imho...if u were selling a house, u can't predict when it's going to be sold...expecation v reality imho

Unemployment dropped yesterday, and there's more vacancies...companies have increased cost to retain their staff...higher cost of living means higher wage...and higher wage to retain staff....to acquire new staff means they need to attract higher wage to fulfil contracts..wage spiral effect. All in my opinion.

Interest rates will have to rise aggressively after today's Inflation figure... if interest cost was around 40 m in 2021 at around near 0%...it has gone up roughly 400%...the debt is still on the balance sheet...interest expected to rise in June again...

The issue is as mentioned before, bailey of BOE stated yesterday inflation on Wednesday is going to be above 9% and exceeds banks expectations...BOE are concerned, to go at 0.25% rise when inflation is rising at higher pace than interest rate rises means they need to go higher with the rate rises.. that has a massive impact on financing debt cost as debt is still sitting on balance sheet, nd debt cost government has on public borrowing doesn't help imho...just going to see through the turbulence nd assess my position here.

One thing we know is inflation is going to hit around 9%..and if it hits 9 % and higher then markets will be rattled..few weeks back, it was BOE that mentioned recession that caused the sell off across the world.. oil is rising again which doesn't help with cost of living imho...we have huge turbulence to get through imho

Uk inflation data out this week... let's see what affects this has on the market...

Looks like II has bought in this morning imho

Disposal proceeds has already been received. Phase 2 is standard process, follow up from phases 1 where companies can come forward and points considered in phase 2 imho

Green finish ? Lol