Member Info for BlueGlow

According to LSE we are both an hour early mick...

Vote on Chairman/plans this week, non-binding.

Think she needs to go.

So many town centres and satellite shop rely on JL for footfall as the local anchor. When they go it can be catastrophic for the area.

I do not even have the impression she truly believes in department stores.

Dropping "never knowingly undersold", lowering the standard of customer service, branching into real estate?, and now diluting the mutual model - the whole foundation of the organisation and what sets it apart.

Ship needs another captain.

Lols Tro.

If they got the full payment, 46p per share!

Yean agree Tro, £195 million is a rather big carrot lol.

Yeah your right of course, it may zoom up without official conformation, but im mr cautious at the moment so not going to get involved :)

Im out of PRD btw, until i get some clarity on thier plans. i did not like the recent interview at all. It was dreadful tbh.

Managed to do all my selling in the 9s as was already de-risking in that range, and was quick on the draw at 8.am.

Yeah same here, quoted 1.70 to buy.

If you got in yesterday then all good, but at this price its a total gamble without actual news.

Or the assumption of a leaky ship, so everyone piles in.

Whatever it is, its rocketing now.

If IQ-AI were listed in the States....

Western Alliance WAL, down 30%
Metropolitan Bank MCB, down 20%
Zions Bancorp ZION, and Customers Bancorp CUBI, and KeyCorp KEY, all down 10% ish.

WAL was around $40 a week ago, now at $20.

Wow!

Did not expect that.

This is going to cause more panic amongst depositors and put further strain on the other regionals.

Its only a couple of weeks ago that PACW were saying deposits stabilising!

Brexit “idiocy” is to blame for shrinking the London stock market, the founder of Arm has claimed.

Hermann Hauser, who co-founded the British microchip giant, claimed the company snubbed Britain for its bumper listing in part because of the damage done to the London market from leaving the EU.

Mr Hauser, who is no longer involved with Arm, said: “New York is a much deeper market than London and… because of Brexit idiocy, of course, the image of the London Stock Exchange has suffered a lot in the international community.”

Speaking on BBC Radio 4’s Today programme, Mr Hauser said that the ability to raise large amounts of money on the London Stock Exchange (LSE) had been curtailed since Britain left the EU.

https://www.telegraph.co.uk/business/2023/05/02/brexit-idiocy-blamed-for-shrinking-london-stock-market-arm/

"Brexit has added to delivery times and costs for UK imports, a factor likely to be passed on to consumers in the shops.

Part of the inflation shock in February was due to the rising cost of cucumbers, tomatoes and salad, as prices rose amid severe shortages and rationing across the UK last month. Experts had blamed shortages on unseasonably cold weather in southern Spain and Morocco affecting harvests, although others pointed to Brexit, given the lack of empty shelves in EU nations.

Justin King, the former Sainsbury’s chief executive, said the UK food sector had been “significantly disrupted” by leaving the EU, while producers in the bloc warned Britain had slipped down the pecking order for deliveries when supplies are tight.

Research from the London School of Economics shows Brexit had added almost £6bn to UK food bills in the two years to the end of 2021."

Western Alliance released positive earnings report afer-hours. Stock up 20% ish pre-market.

Detail here:
https://s21.q4cdn.com/920996046/files/doc_financials/2023/q1/WAL-Q1-2023-Earnings-Presentation_4-18-23_FINAL.pdf

Press overview here:
https://www.reuters.com/business/finance/western-alliance-beats-quarterly-estimates-gains-interest-income-2023-04-18/

Think U.S. Bancorp report today, KeyCorp tomorrow, then First Republic and PacWest Bancorp report next week.

Full article here if anyone wants a read.

https://www.bloomberg.com/news/features/2023-04-18/brexit-bank-moves-boost-paris-milan-amsterdam-over-city-of-london?srnd=premium&leadSource=uverify%20wall

From Bloomberg, headline is premature but direction of travel/general apathy from GOV, is concerning imo.

London is Losing Its Crown as Centre of European Finance

A little over two years after Brexit became official, and financial dominion is shifting away from London to the continent.

Today’s Big Take details how Paris has emerged as a clear winner, with its banking pedigree enticing the likes of JPMorgan, Bank of America, Citigroup and Goldman Sachs to expand their operations on its boulevards. Marc d’Andlau, one of Goldman’s co-heads in France, said:

“Paris is now our largest trading hub in the EU. Back in the day, if you didn’t sit in New York, London or Hong Kong you could feel remote. That’s not the case anymore.”

London remains the big beast in European finance for now, with headcount vastly outnumbering the rest of Europe. But there’s a risk of a slow puncture effect as businesses grapple with life after Brexit, diminishing London’s position.

SNG up also, jumped 30% or so into the close yesterday, then again this morning?

More good news from AXL today, to get eaten by warrants no doubt. Think they expire in October.

https://www.moroccoworldnews.com/2023/04/354844/predator-oil-amp-gas-partner-with-skayavers-to-develop-gas-drilling-site-in-morocco

Beijing is "responding with a strategic pivot,” said Parks. “It’s ramping down infrastructure project lending and ramping up emergency rescue lending.”

"But China’s emergency bailouts don’t come cheap, the study pointed out".

International Loan Shark.

Nicodeemus, i agree.

The pursuit of green energy is noble, but, with the best will in the world, not achievable as the sole source of energy for a Ireland at present. The next best option is gas.

Its not opinion, just reality, and they will have to accept that reality soon enough.

Our proposition seems very good to me, for a multitude of reasons, and im optimistic that they will agree once they are done procrastinating.

BTW, enjoyed your posts over the last few days :)