Member Info for baronbog

Personally I admire Pelosi going to Taiwan and I believe it is a clever move to counter China's backing of Russia. Message being, you unofficially back Russia invading Ukraine against the West, well we will stir it up in your backyard. EU also planning to send a delegation to Taiwan later in the year. Will keep China on its toes! And they are not ready to start a war over Taiwan yet.

“ My point is not that he may have an equal amount of capital in other shares (which actually makes my point even stronger) nor whether it's wise to have all your eggs in one basket (it is not of course). My point is that anyone with 700K cash to invest in a company does not read forums like this one where every Tom D and Harry say whatever.”

Contrarian, I think botbot is genuine and should be given the benefit of the doubt until proved otherwise. I am not a premium member but did anyone check his trades he flagged up this morning? I think this would be a good idea before ****ging him off. And while there are some questionable people on here, there are many that go to the trouble to post really useful information, views and links.

Wow botbot, that’s some holding. ~£750k worth of rr shares. What’s your average, if you don’t mind me asking? What sp level are you planning to exit?

Convb
Interesting post, thank you.
Maybe not all bad then for the sp if he is there to trim costs. Pity to see it broken up, if that is what’s planned but rr., despite its extraordinary IP and engineering prowess, still struggles to turn this all into consistent long term regular profits. I had a look at their trading record over 10 years and it’s all over the place. Only being following it two years so don’t know the full history though.

JTT
I enjoyed your last post. Intelligently put together, one or two little traps, It made me laugh.
Regards to the cat.

Grayling,
Pretty nasty response with no explanation or counter arguments.
Is that the way you usually behave?

Golly music, it’s like you’re a mind reader.
First Lloyds - this share is a mystery to me. I’ve now come to the conclusion that you consider all the research, make a logical decision based on that … and then do the complete opposite! While I’ve made decent money from the low 30s and have taken profit along the way, I’m at a loss to understand why this is not back to pre-covid levels, given the better balance sheet, buybacks, dividend etc.
Despite the odd questionable post from Falky (and the unfair abuse he sometimes gets on here), he always seems to have a good sense of where the Lloyds sp is going. My average now is 46p (unlike some, I don’t carry forward past profits to lower the average price on my current holdings) and I’m very positive about the risk/reward with Lloyds despite the looming recession, but I can see Falky being proved right, this will see 39p again. Lloyds is not a growth company, is getting into a business it doesn’t know but appears to be low risk, cash generating machine with an attractive yield.
Politicians - you are absolutely right. Too many ‘professional’ politicians with no business experience! I include Rishi is that category despite him working at Goldman Sachs. To have allowed the unbelievable fraud to occur with the £50k loans is truly one of the great financial scandals this country has seen. They are frantically trying to minimise it’s true scale (despite having substantial increased their estimates 3 times now) and will delay the truth for years, hoping we will not remember it was under Rishi’s watch. This coupled with the non-dom status of his wife and him retaining his US green card (you are obligated to file a US tax return) is completely the wrong message for a chancellor of the exchequer to present. While all legal under UK laws, it’s like one rule for the elites and another for us.

Hi musicman
I voted remain; on balance it was a close call (60/40). The majority voted leave and I completely accept that. Unconscionable lies were told by both sides but now that it’s done, we all need to stand together and move on. The EU have behaved appallingly since, determined to punish us so no other eu country would dare leave. Well now that’s got my goat up and I am determined we make a success of it. There’s no going back (unless you want/like being humiliated). The UK will take years to adjust to its new status and to show the benefits but at the end of the day, a country with a rich history of entrepreneurial spirit and global trading will always have the advantage over a federalised EU who can’t agree on anything. Example - despite the extraordinary lengths the EU went to, to damage the City, they haven’t a hope because, instead of forcing through a single competitor city, country self interest has scattered financial services between Frankfurt, Amsterdam, Paris and Dublin. The strengths of the City are it’s huge concentration of talent and English, the world language of business. While many uk businesses moaned about leaving and struggle with the new paperwork/bureaucracy, successful businesses always adjust and in time will find a solution and make a success of it. It’s war now but with any luck France with force through their stated goal of changing the language of the EU institutions from English to French, lol.

Lots of people on here debating the record exports to the EU but I wonder how many have actually read the link posted about it earlier?
It is misleading to use this headline to either support or deny the success of Brexit as the article goes to great lengths to say a substantial part of the increase is down to us exporting vast quantities of LNG to the EU we just imported from Qatar. Not sure how long that will go on for nor how much it supports British jobs or taxes?

Retirment, if you had followed Red_inky on here this year you’d see he has the best record by a long way guessing which way the sp is going.
Or you could follow Mike1234567, 1.50 by August, defence up 40% first quarter etc?

If the French want to frustrate Brits holidaying in France, then I’m all for it. Spend your money here, support jobs in Britain and help our balance of payments!

Well that didn’t last long. Ukraine’s city of Odesa hit by missile strikes hours after grain deal signed. Denials by the Russians (their only ever response no matter the evidence). EU FAC and UN SG both condemn the attack.
No sign of the war ending soon. Markets down on Monday?

Hey Gary
If you’re really worried about the NHS, take the pressure off and try the private healthcare system, it’s excellent and no waiting lists.
If you’re concerned about the Britain economy, suggest you holiday in Britain. Its beautiful, supports the economy with tax & jobs. Helps pay for the NHS!

JG, you are right. I have an investment in Wg too and honestly I have no idea what going on over there. Doesn’t make sense and I have an uneasy feeling about it. Price rises nearly 50% last few months then drops back even lower.

wti oil price has dropped 4%+ today so expect its just tracking that.

convb,
Interesting post. Do you believe that the government is the customer? Who will operate the plant on their behalf? At the RR presentation in Whitehall, RR confirmed they are only interested in selling SMRs not owning or operating them. With Hinkley Point C, the government has only guaranteed a minimum price for the electricity there. It is being built, owned and run by edf primarily (soon to be nationalised by the French government). Maybe their American shareholder in the RR SMR subsidiary will own and operate our first SMR? What does the people think?

Auto correction ‘Berta = beta’

Hi PFCvetran, completely understand how you feel. I’m only in since Q1 ‘21 but believe this is a quality company with a decent management team. These billion dollar contracts take a long time to deliver and the ceo always said it would be H2 before we’d see progress. I’ve also gone large on PFC (average 121p) and it’s complicated with new investments in o&g frowned upon till only 6 months ago. It’s mad how we seem to be tracking down (with a high Berta) the recent 20%+ fall in oil price and the potential looming recession/interest rates rises but the only good thing about these massive contracts is that they are so strategically important and the operators have delayed them so long now, they have little choice but to proceed. And hopefully Pfc are taking a hard line on price (and the necessary delay that involves) to protect their margins. My dad always said ‘sales is vanity, profit is sanity, cash is reality’ and how true that holds here.

I suggest we try to tread gently on this board. Some posters are in a precarious mental place. When you invest vast amounts of money in just one share and are showing huge paper losses, posting continuous positive sentiment and predicting big sp rises are essential to convince themselves they made a good investment. They may be under a lot of pressure from their partner or family, possibly at risk of getting wiped out if using CFDs. Trying to be rational or realistic does not help them as they will not (can not) change their position. The more pressure they come under, the more they post to maintain their sanity.

Thank you Datacheck for the clarification. Good to have ppl on here like you who know what they re talking about.