Member Info for bobbins2

Woo-hoo! Back to £1.50 (again).

A pint of Bollinger for me please, barman.

Fordm - what did Jeremy Bowen do to upset you?

So that's all of last weeks gains wiped out in one session (EZJ too) Not so much one step forward, one step back - with this share it's more like one step forward, three steps back. Every time I think there might be light at the end of the tunnel, it turns out to be just another train hurtling towards us at high speed. The litany of setbacks here, stretching back over 3 years, is truly astonishing. I (and probably many others here) wish I had never even heard of IAG.

As you can tell, I am somewhat p****d off, so in true British fashion, I am off to the pub to drown my sorrows (again). At least the sun is out.

Good post Garonne. The timing of this attack is interesting, coming so soon after the Russian invasion of Ukraine. What next - China/Taiwan anyone? I think there is no doubt that a lot of dictators/despots around the world view 'the West' as being weak and vulnerable right now, and subsequently feel emboldened to act. Having Sleepy Joe in charge of the USA doesn't help - plus there seems to be a slight weakening of support for Ukraine as the war there seems to rumble on with no sign of a resolution. Also, many of those same countries are already drowning in debt, and facing economic and social problems of their own, and subsequently are less willing/able to intervene elsewhere.

That said, I think this this could backfire badly for Palestine. The Israeli's will obviously retaliate ruthlessly: also, while not supporting Hamas, a lot of people had some sympathy for the Palestinian cause. That is likely to dissipate when they seem images of hundred of innocent (mostly young) people being slaughtered at a music festival. Beyond evil.

Worrying times.

I know I like to pile into this countries problems and woes (justifiably so) - but right now it doesn't seem quite so bad. At least my house is unlikely to get shelled today, and the chances of me being shot are fairly slim.

Not going to go on another rant, but just to say about yesterday evening - housing is a necessity, not a luxury product.

Moving on, as Dan66 pointed out, we have just had 3 positive days in a row, which is unusual, and very welcome. Of course, that still only leaves us at the pathetic price of £1.50 something II seem to remember us hitting about£2.20 during the darkest days of covid. Go figure.

Hoping that the Israel/Palestine situation doesn't spiral out of control, or affect the markets too much. Just what the world needs - another conflict.

Even as I type that, I feel guilty. People are dying, and I'm worried about my (paltry) investment. Pathetic.

PS - danphonic, that is an exceptional post, and if the 2023 POTY award hadn't recently been granted, it would have been a worthy winner. I hope it works out for you.

Just re-read your post, and there are some properly good ideas in there. That is to say, good ideas if you want to expand home ownership, but bad ideas if you just want to increase corporate and individual greed.

Guess which one will be the winner?

I love u fordm.

But not in that way.

"todays ridiculous housing market".

Ridiculous doesn't even get close. The whole thing is a giant, corrupt ponzi scheme, designed purely to reallocate money from those who already don't have much, to those who already have too much. Except you can never have too much, can you?

20/25 years ago, you could buy a house for roughly 3 to 3.5 times average salary. So even your average earner could spend maybe a year or so cutting back on nights out/holidays, etc. and have enough for a deposit, and get a mortgage for the balance. No more. I think your average house price is now roughly 9 times average salary. Bonkers.

Is this an accident? Don't make me laugh. As a financial institution/ investor,, are you better off lending £100,000, or £300,00? Not rocket science, is it? Or better still, buy up all the houses, rent them out at extortionate prices, while still owning them - huge financial gain (Lloyds Bank have clearly set out their intention in this regard).

Basically, vested interest has realised that depriving your average person of home ownership can be hugely beneficial to them. The hopes and aspirations of millions are merely collateral damage. As are the social consequences of this (covert) policy. Forcing people into (extortionate) rental, as opposed to ownership, has huge socio-economic consequences. People renting are less likely to (financially or emotionally) be invested in their community. Crime is higher where there is a higher proportion of rental properties (fact). I hate to repeat myself, but as I mentioned the other day, if you restrict supply, but increase demand (as has been the case in this country over the last decade or so), then the price will soar. Where has house building gone in the last few years? Where has immigration gone in the last few years? Nuff said.

And now you wonder why we are on the edge of complete social breakdown? Not saying it's the only factor, but it's certainly a huge factor.

PS. Tony Blair was one of the main instigators of unlimited immigration. How many houses does he own? I think it's about 40. Coincidence? ha ha ha. HA HA HA.

Rant over.

Morning fordm. Looks like you and danphonic have cracked this day-trading lark. If either of you could share the secret with me, I would appreciate it. Thanks.

I'm off to polish my trophy.

Danphonic - that looks like a really nice piece of timing. Are you going to flog them for a quick profit, or will you be hanging in there?

Only just checked in today, and seeing a rise of over 4 pence, became instantly semi-tumescent . Then I realised that this had not even got us back to the pitiful level of £1.50, and deflation immediately set in. Hence the status quo currently prevails. Disappointing.

Even as I typed that earlier, I thought it might be problematic. Then I thought - "**k it. If certain people can't see it for the ironic/comedic statement that it is, then that's their problem, Unfortunately, in the current environment, it means that a certain group of people will will zoom in on something like that, as opposed to tackling the real, deep-seated issues that exist. It's an easy option.

The "culture war" is real, and it's here. Free speech is at stake. Unfortunately, a lot of people don't seem to realise that free speech means hearing things you don't like/agree with. (Un) Social media has been catastrophic here, where people just get trapped in echo chambers. We used to go to the pub, and if you disagreed with someone, you would just say "you're talking bpll***s", and then buy them a pint. Sadly, no more.

Anyway, I've no idea what the share price is right now.

Come and have a go if you think you're woke enough!

Thanks stoodio - I gratefully, and humbly, accept the POTY award for 2023. My second consecutive win (just saying) - having been awarded it by Skindle last year . I don't do it for the glory and adulation, merely for the respect of my peers. That said, a (modest) cash prize wouldn't go amiss. Five grand would do it. After all, we all have living expenses, and a steady diet of Smirnoff, Dom Perignon (special occasions only) and Greggs sausage rolls doesn't come cheap. If you could arrange for a dolly-bird in a swimsuit to present me with the trophy (and cheque) at this years ceremony, that would be smashing. Thanks again.

PS - did I mention that's 2 years in a row?

PPS - looks like we might be about to bounce back to the dizzying heights of £1.50! I think I've just had an involuntary emission.

Fordm -congrats on your profitable day trade. Wish I could simulate, but unfortunately I seem to have perfected the art of " buy high, sell low". Next time you anticipate a turnaround of 4/5 pence in 24 hours, please let me know in advance. Thanks.

That said, I may well have jumped in here (or in EZJ) yesterday, but unfortunately am skint, having blown my last few shekels on buying here at the "low" price of £1.63 (IAG) and £4.50 (EZJ) a few weeks back. C'est la vie.

What little I had left has been nicked by by my dentist. Now that NHS dentistry has been (unofficially) abolished, private dentists can now charge what they like - basic supply and demand. Economics for a 3 year old. A bit like housing - if you increase demand, but reduce supply, then the price inevitably rises. Simples. Still - as long as some people are getting rich, f**k everyone else, right?

If only I was rich.....

Apologies for (yet another) slightly drunken rant.

PS - really looking forward to next year - another election. Can't see thee markets liking the uncertainty, or the likelihood of a labour govt. So looks like yet another year of fragility and decay -a bit like my teeth really.

Still - things must improve at some point, right? Wrong. We appear to be in some kind of terminal decline, and I can't see things improving this side of my mortality.

Everything ends - I'm sure the Romans thought they had life by the balls, and look how that turned out.

On the bright side. at least I can walk into my local Co-op, pick up 3 bottles of vodka and 2 Ginsters pasties, and leave without paying, or fear of repercussion. What a great country.

Anyway - it has been my pleasure to bring joy to all of you.

Merry Xmas.

Ha ha ha. I use Google current time share price, and it's normally pretty good, so when I stumbled in from the pub, I thought - whey hey! Must be some incredible RNS that has led to a rerate. Sadly not.

Still more chance of me sleeping with Kyles, or winning the lottery (and I've never bought a ticket) than this mongrel abortion coming good.

fordm - you are so right about the "analysis" of rags like "The Motley Fool". Beyond parody.

Been a while since you mentioned your koi pond - hope it is now a heated Olympic sized pool.

PS - when I said I've never bought a ticket, I meant for the lottery, not for the chance to sleep with Kylie.

I should be so lucky....

Crystalbank - I too am also hoping the price will make a U-turn north.

I am also hoping to sleep with Kylie Minogue and win the lottery.

I did say just a few days ago that we may see a slow incremental rise back to 160'ish, before losing it all in a couple of sessions. Turns out we didn't even make 160 this time, and then lost it all (and more) in an hour or so. FFS.

Gaffers - LOL.

Fordm - nice little covid/flu rant earlier. I enjoyed that. Good to see the airlines doing well today, although IAG is still the runt of the litter. Glad I'm in EZJ as well.

4-in-a-bed? Why not?

Your assessment of the UK economy, and the country as a whole, is somewhat downbeat and depressing. I agree 100%. Very difficult to be upbeat at the moment.

As for the share price here - there may well be an incremental rise over the next week or so, dragging us back into the low 160's. This will then be wiped out in 2 sessions, taking us to a new low. Rinse and repeat.

PS- St Petersburg Florida - much better weather, and more chicks in bikinis. St Petersburg Russia - more culture, and no shortage of beautiful women. They're just wearing more clothes.

PPS - Grezzz. yes JB is 78, but she's still hot. And in my mind, she will will always look the way she did in "Bullitt" or "The Deep" Smoking hot.