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I picked up more earlier, too. My growth stocks seem to have lost their lustre, these days and I have no idea what is going to happen to UK retail so I took the opportunity to sell such UK dependent stuff. No profits, just very small losses.
I held this stock for years. At times, but not lately, it was tradeable and I made profits. That was then and now I have decided to cut my moderate losses and get out. When Haleon emerged and it price plummeted I ditched half my GSK and bought HLN. Now the SVB fiasco has hit some perfectly good companies stock prices and GSK held firm I sold the rest and bought into LGEN, POLR and TTG.
It does seem GSK is the Cinderella of this sector, but where is Prince Charming?
A bit of welcome volatility? I have ditched the last of my GSK, a stock that drives me nuts, and replaced it with some more LGEN now it is cheaper. A risk, of course, but that's what we do here.
Took the opportunity of current upheavals to dump some UK retail at a small loss and increase my stake here by 25% . It ought to be a bargain but time will tell.
Some bankers should have done jail time after 2008. Instead they got away with it.
Useful FT piece here:
https://www.ft.com/content/07628c56-f1c9-4da0-95c3-4e6ed0b1b01e
The purchase of SVB (uk) for nothing seems like a good move for HSBA on the face of it. The problem for SVB (usa) was it simply had liquidity problems which it could not solve without advertising its actions. This seems to have sparked an unnecessary panic with which the bank could not cope.
In Silicon Valley, or any tech centre, the the risks are high but so are potential rewards. SVB proved too small to handle the situation, and perhaps it had become complacent as some claim. HSBA has the size to avoid the same liquidity difficulty and hopefully the expertise to deal with the UK tech scene.
The fiasco has also raised awareness at government level of the importance of the UK tech sector. This has to be a good thing, especially under Stanford educated Sunak rather than F**k business, F**k the USA, F**k everybody Johnson.
The way the SP is heading, Autostore might soon find the cheapest option is to buy OCDO.
The failure to create an environment for tech companies in the UK is going to be a huge problem for the country going forward. We simply don't have the investor commitment that is enjoyed elsewhere and it is a long-standing tradition for UK companies that have value to be sold to overseas investors(like our housing stock, utilities and so on).
There are clearly buyers waiting for DARK and they don't want to pay any more than they have to. Hopefully the EY report will give them a nasty surprise.
Just have to hope the NI deal improves the UK's economic prospects.
"Segro revealed on Monday that chairman Andy Harrison had acquired 115,379 ordinary shares in the FTSE 100-listed property investment and development company.
Harrison, who was appointed to the role in June 2022, purchased the shares at an average price of 861.11p each, for a total value of £993,539.14.
Following the transaction, Harrison holds an interest in 231,694 ordinary shares in Segro."
https://www.investments.halifax.co.uk/research-centre/news-centre/article/?id=12400946&type=bsm
Just in:
final div 18.2;
xd March 16;
paymt May 04.
If, as is claimed by some, Darktrace products are "snake oil", then where is the trail of successful cyber attacks on its customers? We know that DT is unable to name its clients, for obvious reasons, but if any such client suffered a serious breach, would they not drag the incident out into the daylight, claiming compensation from DARK?
Plenty of companies are hit by hackers but none that I know of has claimed that DT let them down. If DT's offering is snake oil then their customers would be easy targets for cyber attacks.
If, as is claimed by some, Darktrace products are "snake oil", then where is the trail of successful cyber attacks on its customers? We know that DT is unable to name its clients, for obvious reasons, but if any such client suffered a serious breach, would they not drag the incident out into the daylight, claiming compensation from DARK?
Plenty of companies are hit by hackers but none that I know of has claimed that DT let them down. If DT's offering is snake oil then it'd be blood in the water for the cyber-sharks.
"TODAY marks Safer Internet Day, 24 hours dedicated to keeping ourselves from harm while online.
It's incredibly important for all of us as individuals, particularly those more vulnerable than others – but there's also good reason for businesses to be on their guard as well.
We are only weeks into 2023 but already there have been countless cases of cyber security breaches at major organisations right across the UK – and the costs to those impacted could be vast."
https://www.irishnews.com/business/2023/02/07/news/safer_internet_day_is_a_reminder_of_the_perils_of_cyber_attack-3036905/