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Agree IG is all about gambling and not investing and ultimately a mugs game but remember William hill has market cap of £2.5bn and ladbrokes market cap £2.5bn and the whole of Las Vegas is built off creaming it off plebs but it won't stop our instinctinstinct to gamble and there will always be a huge market for it unless we ban it completely. Just like smoking and look at how well BAT has returned over the years Personally I prefer sports spread betting and end up losing money but it's great fun and I imagine betting on the movement of share prices has the same excitement - we all love the thrill. Three will always be a market for it and IG will be market leaders Don't give up on this stock
Fundamentals sound with a very strong balance sheet lots of cash and no debt. Any regs by FCA are trying to nail the binary traders who are trying to rip people off. You will seem them on the financial websites all the time - 'how to get rich trading CFDs' Not IGs business model, they will ultimately benefit from the new regs and will be able to have their say on how the refs are shaped. Hang on to shares for as long as it take market to realise this
You might be waiting a long time
None of the oil companies are marking that much money at the moment but Exxon Mobil market cap is usd 358bn shell £160bn and bp £82bn so investors must see something. Trump will be the main factor behind a rise in oil prices (law of unintended consequences)Let's see what happens on 30 November but if you're not I. It before then you may miss it. But then again could be totally wrong!! V exciting though
Good points and Of course it could go that way. . I just feel that the political dynamic has changed with the Trump win and I think the oil price will move for political reasons more than economic. As you say Iran also hate Trump so may be more willing to go along with OPEC as it will hurt Anerican economy so soon after election. Saudi only need to reduce production by 1m barrels per day to eliminate excess oil. Also if they float Aramco they will have plenty funds. Dynamics can change v quickly
Here's the reason oil is heading up - the Saudis hate Trump because of Israel and the fact that he will go back on his promise to reimpose sanctions on Iran because of their alliance with Russia and the fight against Isis. Trump hates the Saudis because they supported the Clintons and because of 9/11. The best was to get at Trump is to cut production so oil prices in US skyrocket increasing inflation and hurting Trumps growth strategy. They will try to get as many OPEC members on board as possibly but will do this unilaterally if they have to. Ok so shale production may restart but unlikely to be significant given banks losses and the ability of the Saudies to ramp up production whenever they feel like it. IMO oil is a one way bet after 30/11.
It may be that it's acting as a trigger for someone to potentially place an order at a certain price point.
Good points here but I would imagine if shell did pull out then another oil company would move in. The risks are there. Eland will be silently getting to n with it. They won't want to shout about their success as they could becone a bigger target for militants
I would imagine that, given the militant threats, security will be really high around forcados facilities and main pipelines so an attack is probably difficult. Can't see an RNS giving too much comfort (bit like a hypochondriac going to a doctor for reassurance!), not only that anything too positive could make it a militant target. Fascinating stock with massive upside potential.
The CFO went in August. Sacked? Current liabilities are £13m more than current assets at last balance sheet Intangible assets are more than total net worth of the business So a bit risky even with drop
Thanks for all your research which gives me a lot more confidence in the company. I did have a copy of the trust accounts but can't lay my hands on them. In the last few notes to the account there is an address where you can get copies. If you go on the age uk website they reckon that the average cost of a funeral will be £4620 by 2020. They also say that the money in the trust funds are invested in gilts and corporate bonds and not the stock market. It just didn't make sense when the trust fund only had an average of £2,200 per customer to fund the funeral. I felt like such an arrangement would one day fall down and this put me off investing in the shares which looked reasonably priced.
Thanks for the response, very comprehensive. I believe these plans fall outside the FCA remit in that they are not a financial product and anyone can sell them. From the analysis it would seem that the cost of the funeral is £1,800. My understanding from someone selling these plans is that the inflation cost of funerals is running at 7 per cent annually. Therefore if I was to take out a plan now and lived 10 years, then the cost of the funeral in 10 years would be £2,700 (probably a bit high but for illustration). The revenue would be fixed at £2,200 plus any investment return (if you read the trust accounts they invest in low risk bonds), then say a return of 2 per cent a year for 10 years that would come to around £2,640. Which would mean a loss. Simple illustration I know and I guess if dignity continued to grow and sell more plans then the case for investment could still be valid. Thanks for your help.
Sorry this was sent before I finished. When the company sells a funeral plan it takes an upfront commission and then guarantees the funeral at today's costs. Typically funeral costs are rising at over 5 per cent and investment returns only 1 per cent on the money set aside. Is this not deferring losses down the line?
I would like to invest in this stock but have a question over it's accounting. Can anyone reassure. How can a company take c
The elephant in the room is the massive amount of airtime afforded to bookmakers which has boosted sky's advertising revenue considerably. If the government was to ever crack down on this which they must do surely sometime (if only to save us from ray whinston at half time) then a big blow to sky