Member Info for bobbins2

"Groundhog Day". A classic movie - Bill Murray's finest hour - a truly inspiring performance. I love that scene where he's shovelling cake into his face, with no thought about the consequences down the line, because he knows that tomorrow is never going to arrive. I do try to factor that attitude into my own life, as none of us know where the finishing line is, and it frequently comes way before we are expecting.

True dat.

Oh yeah - IAG. £1.70 next week.

True dat (again).

Fordm - much as I hate to genuflect to someone who eats hob-nobs, you are (as you often are on these matters) entirely correct. Have you heard of a guy called Mitch Feierstein? He was on TV earlier today, ripping into the UK government, and the BOE (amongst others). He's a highly respected investor/banker/author , and he pretty much nailed how I feel about the whole situation. He wrote a book called "Planet Ponzi". I think you can guess just from the book title alone where he is coming from. Coruscating stuff.

We are governed by self-serving morons, who have long since stopped serving the people who put them there, and whose interests they are supposed to be protecting. I could do a better job than Bailey for 1/3 the salary. And (unfortunately) I'm not even joking.

Ck - true dat - we actually held up pretty well today.

Despite all of the challenges facing the UK (and beyond) economies , it's immensely reassuring to know that Andrew Bailey is on top of it, and promising to sort it all out. I for one will sleep better tonight.

A) Fair value 979p. That is utter nonsense ( no offence Crazy - as you said previously, don't shoot the messenger). That would value the company at £50 billion. Prior to Covid IAG was valued at roughly £12 billion. Clearly, whoever wrote that had been smoking crack.

b) fordm - " I am a simple man with simple needs". I would have to check with Mrs fordm to confirm or deny the veracity of that statement. That said, if someone (yourself in this instance) is satisfied with a diet of mainly hobnobs, then it is clearly true.

Others (including myself) have been elevated to a higher plain. ie. digestives/ custard creams. Some of us aspire to raise ourselves beyond the level of 'savage'. You are clearly not there yet.

Good luck going forward.

"reinvest in the company, not make CEO's and directors richer".

That'll be about the time I marry Kylie Minogue and move to a beach-house in the Seychelles.

Fordm - it's not just LHR/LGW. I dropped a friend off at Bristol Airport last week. and you have to use the drop-off/pick-up areas - its £5 for up to 10 minutes. If you stop on any of the roads you will get a fine - there's more cameras than Fort Knox.

All this talk of lounges and private jets is making me feel a little out of place here - I cycled to the pub yesterday to save petrol money. Of course, I tell everyone it's just to help save the planet....

Skindle - stop that Swiss stuff now, you'll make fordm unbearable.

Sincere apology to donkeys.

Dow/ Nasdaq having a good day, so be nice if that translated here tomorrow. Probably not. I commented yesterday on how I was intending to hang in there (with my admittedly not large investment), but starting to rethink even that. It's just not worth the grief. Might as well go to the local horse/dog track.

NB - just been reading "The Times" in the beer garden of a particularly nice Cotswolds pub. Yet another article by a respected economist, saying what myself and others have known for a long time - the BOE, and the government, haven't a Scooby what they are doing (or maybe they do?) And I see that Jeremy Hunt (sic) is basically encouraging the BOE to raise rates further, even if the Fed doesn't. I thought the BOE was supposed to be independent?

The whole thing is more bent than a Uri Geller spoon. And while this little rant can be dismissed as just another bloke in the pub, the truth is that there is a huge queue of respected economists/ financial experts/industrialists who think the same.

We truly are led by donkeys. But that's ok, because in this instance the donkeys are living in 8 bedroom mansions, with 3 cars in the garage, and an 80ft yacht in the local harbour.

Mismanagement? Corruption? I know what I think.

I initially struggled to find the right word or phrase to sum it up - it's just come to me.

Turgid.

Nothing on the resolutions yet - just the usual corporate blathering.

Slightly perturbed to suddenly see talk of an RI. Would that not be a disaster for us investors at this point?

It's difficult to know what do do - but I suppose that's the whole point of this game we play. We went up over 170 in February, and things seemed to be. looking better, only to drop all the way back into the 130's. A lot of people here (including myself) have bemoaned not getting out at that point. Now we have crawled - and I mean CRAWLED - our way back towards 170, so face the same decision about whether to jump out, in order to not have those regrets from the last few months repeat themselves should we drop back again. Then again, when you've hung around as long as myself and others here have done, it's tempting to hold out for nearer to £2 just to justify the stress of the last year or two. I'm not very heavily invested here now (having ditched some a while back) so for me it's worth hanging in there. I'll probably reconsider that should we get back over 180 ish. While some on here are still quite bullish, as I have talked about before, the last few years have left me a little jumpy - just waiting for the next catastrophe to befall us. Hence I more cautious than I used to be.

Anyway, that's enough of that - the sun is out, so I intend to make quite a large investment in Peroni at the pub by the river. No financial return on my investment thus far ( which is quite sizeable over the years), but there's more to life than money. Cheers.

Dan - "Anyone who knew what they were doing could have made 5 times their money over the last 2 years".

I know that I have sometimes felt like that myself, and I'm sure a lot of others here have as well. However, don't beat yourself up too much - the truth is that to do that consistently, you would either have to be psychic, or a time traveller, or just very, very lucky ( I'm none of those).

I think that there has been a few occasions where I have made clear mistakes, and I'd like to think I have learned a thing or two along the way, but the old adage about hindsight being a wonderful thing exists for a reason. Looking back at share price movements (either up or down) over a relatively short period, is really not that different to looking at yesterdays horse racing results, and thinking " If only I had put £1000 on horse X, or £500 on horse Y, I could have made a packet". Let me caveat that by saying that over a longer period of time it obviously pays to have knowledge of, or do research on, any particular company or sector.

Anyway, not just here, but in life in general, it's very easy to look back and make a different judgement, using information that you couldn't possibly have had at that moment. That said, I have also made numerous epic blunders (mostly concerning women, money and alcohol) that could, and should, have been easily avoided. Still, that's the price we pay for being human. I'll take that over a world dominated by AI and robots.

"There's always something holding us back".

Exactly - count the ways - oil price/recession/political upheaval/covid/ Ukraine conflict/inflation/cost-of-living crisis/debt/strikes/climate concerns - and that's before you even start on the individual internal company issues and other geo-political issues. If it ain't one thing, it's another. Over the last couple of years it's been constant.

Luckily, I am just back from the pub , so don't really give a sh*t.

Anyway, for those tuned in earlier, you will be delighted to know that my manscaping went well, and I am now fully "beach ready".

Photos available on the dark web.

GRQ - true dat - it appears to have sucked the life out of all of us, both financially and emotionally.

As for "an element of entertainment" - well, as the sun is out, I am currently "manscaping", in preparation for the first outing of my mankini this year.

Hope that helps.

Day".

Not any mire bruv - We are now up by over 0.1 pence!!

Now where did I put that jeroboam of Dom Perignon?

One post- D'oh!