Member Info for AllAtSea

I've been puzzled by the recent decline of TT. No news that I can find except Berenberg saying it's a BUY and target 290 which is more of a worry than reassurance given my opinion of Berenberg.

I guess TT's historic automotive links plus a no-deal Brexit have spooked the market but what do I know?

Anyway at this price I'd buy more if I'd funds available. I think TT are much more than a one-trick pony these days.

Problem with setting 1600 as a profit marker is many, many people could be thinking the same. If you want to get ahead of the pack do it now! After ex-div it could easily be too late.

Earlier I sold a load at 1553 (it carried on up to 1570-ish) then got back in at the low 1490s.

But DYOR..

Mark Tucker, Group Chairman, said, "We remain cautiously optimistic for global growth in the remainder of the year. In particular, the fundamentals of Asia remain strong despite rising concerns around the future of international trade and protectionism."

https://www.nasdaq.com/article/hsbc-h1-profit-rises-says-cautiously-optimistic-for-global-growth-20180806-00009

I believe him and am sitting tight.

Good article here on what's happening in the US of A

https://www.vox.com/2018/8/2/17639762/stock-buybacks-tax-cuts-trump-republicans

Europe's largest bank tops expectations with rebounding profit
HSBC said on Monday that reported profit before tax went up by 4.58 percent year-over-year to $10.71 billion in the six months of 2018.

Shares of HSBC, a heavyweight on the Hang Seng Index, rose 0.83 percent after the Hong Kong market returned from a lunch break.

We shall see.

Just keep on upping the divi, it's not too much to ask is it?

There's life in the old dog..

Too low to sell; too high to buy. And that goes for lot of others. Never mind, it's holiday time.

The rate rise is increasingly a political decision rather than one based on realism.

Got a few more in for 1493 at 1030 this morning then went out expect a further fall (as is usual when buy a stock) and got a pleasant surprise. If they fall back tomorrow might get a few more.

Groundhog day. Look at the charts for 2nd half 2017.

Anyway, I picked up a few at 1492. I sold half my holding at 1553 a while back so I'm happy. For now!

It was a surprise back in October.

Sold the lot in June. It's probably ok for the long haul except I don't like the planned split. Might buy back one day on the back of more news.

If last autumn is any guide it's got further to fall.

It would have been c. 1580 to 1620. He put some of the proceeds into Lloyds and my rough calc of best case suggests those funds would have done better in GSK as of now.

Trump's electioneering, speaking to his fan base. After the mid-terms in November, things might change. They need to, that's for sure.

Just over a year ago Woodford sold out of GSK, saying the business strategy was failing and the company should break up (he wasn't alone) to protect dividends. Since then the CEO has changed and no doubt so has the company's strategy. Maybe Woodford et al will review their own decision and buy back in. Other things being equal (they rarely are these days) I'd expect upward pressure on the sp.

And if there is a break up I'd expect shareholders to receive a stake in each part but what do I know?

It'll drop back, you mark my words. Unless I sell of course.

"...and yet everyone is dumping the shares! Very p***ed off today."

My guess is you were thinking to take profits and the ground was taken from under you feet!

We are just minnows and our resources are tiny. Ocado is pretty much the one time I've really put one over the big players.