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Having seen BT at sub £1 three times in a lifetime and each time it happens a few years later and the next thing you know they are over £3 plus .
Shareholders just need to hold on and remember that .
The Bank of England is tipped to leave monetary policy on hold, citing the continued uncertainty around the Covid impact on the economy. That means leaving interest rates at 0.1% and the asset purchase scheme at £895 billion.
https://www.standard.co.uk/business/ftse-100-flat-markets-await-busy-day-of-corporate-news-bank-of-england-interest-rates-decision-b918570.html
Thanks for the link.
My point is i am simply trying to point out that if new variants ( P1 in particular ) are discovered in the US this may have a negative effect on DOW sentiment which could result in the RR SP getting a double hammering as more travel restrictions are put into force to contain the new spread , giving a chance for the vaccination programs around the world to get ramped up.
If globally we are unable to contain the SA variant that would in effect be the 2nd time a virus has turned into a pandemic in a year, demonstrating that globally lessons haven't been learnt on travel. Concerning , the Amazon P1 variant that started in Manaus an isolated city in the Amazon where during the first c-19 wave 80% of the inhabitants were C-19 pos meaning they should have gained herd immunity are now dropping like fly because of P1 variant .
Interestingly the Portuguese believe their C-19 case increases are a result of the Kent variant ,but thats because incredibly they don't have the science to test for new strains . And even more incredibly P1 only got discovered because a Japanese family thought it was a good idea to take a holiday during a pandemic in a rainforest the other side of the planet .
Its going to stay in this range for some time to come , the P1 variant is spreading fast in Spain and Portugal , while ourselves . US and the rest of Euro are dealing with the early stages of the SA variant.Great news about the Ox Vacs halting of contagiousness that show help with flying in the future but short term that doesn't change the fact that more and more airports are highly likely to shut.
Its worth noting that we are only in this range because of positive DOW sentiment if that was to change over the coming weeks then i think it is reasonable to assume we will be one of the worst hit.
"Who is looking to take out MTRO 235-300p level?"
who?
"To be fair 358p is similar level to Lloyds 33p Vs 52p Book Value"
Thats exactly right, shorting bombed the SP to a level 2 times lower than where fair value should be ie 358p.
Since the disposal of £3B worth of residential mortgages to NWG in Dec Goldman have increased from 4% to 11% then back down to 10% and more recently back to 11%.
In a highly volatile market witnessed last week MTRO had a very flat week indeed.
Anyone got any ideas what's going on ?
I didn't have any problems buying another 10,000 shares just now , I have a good feeling that our Robin Hood friends might be joining us soon .
GL everyone
Firstly never average up and as a general rule you never have to guess the bottom cos the bottom always sits there waiting for you when its landed.
For example i can remember back in Feb /March last year having a few hours to think about buying BARC as it floated around 80p.
One strategy is to say i will only buy if they go to £1 , that in itself is a gamble but without you risking any money , if it comes off your reward will be the greater ie 35% more shares.
Note : should it reach £1 don't necessarily buy without first being comfortable with the news around you at that time ie we aren't about to enter Pandemic II and if that is the case all bets are off.
My gut feeling on this is we are going to see LLOY down below 5% today and almost certainly lower again tomo .The DOW from an all time high has a long way to fall and it is very , very likely that P.1 has already entered the US.
Stevie Wonder
"If they dont reinstate the dividend , when they give the results on the 28th Feb,,this will tank"
I don't know if you are blind but by the time the 28th comes along the SP will have already tanked.
One of the golden rules of the stock market is to never brave it out for dividends that in this case probably won't be happening .
The realisation of long term airport closures is beginning to sink in as the risks and consequences of multiply variants entering Euro and the US is being slowly realised .
Its what they are not telling us is what we need to be concerned about ATM .
The risk here is all about overseas variants getting organised into Euro and the US and the ability for the present C-19 vaccination to fight them. AST have announced work has started on the SA variant but its P.1 from Brazil we need to be more worried about.Based purely on the speed of vaccination distribution we have all witnessed over the last 2 months it is starting to look like this could all go on for a while yet meaning banks are going to find themselves more and more under pressure as bad debt start mounting .
This could easily start resembling a game of snakes and ladders if you catch my drift .Sometimes doing nothing can make you more money.
Jr20
The risk here is all about overseas variants getting organised into Euro and the US and the ability for the present C-19 vaccination to fight them. AST have announced work has started on the SA variant but its P.1 from Brazil we need to be more worried about.Based purely on the speed of vaccination distribution we have all witnessed over the last 2 months it is starting to look like this could all go on for a while yet meaning banks are going to find themselves more and more under pressure as bad debt start mounting .
This could easily start resembling a game of snakes and ladders if you catch my drift .Sometimes doing nothing can make you more money.
I sold up today , its not just the airports closing down that is of concern its the reason for closing them down and the unusual assertive leadership that did it, when they have previously lead us like pussyfooting ditherers over the last 12 months .
I sold up today , its not just the airports closing down that is of concern its the reason for closing them down and the unusual assertive leadership that did it, when they have previously lead us like pussyfooting ditherers over the last 12 months .
I think you will find they know a lot more than you.
JP Morgan reiterated its 'overweight' on Bank shares citing "a number of supports for Banks this time around: robust balance sheets without a need for dilution, better credit market backdrop, attractive valuations, potential for some consolidation, likely return of dividends, tailwind from the move up in bond yields and the steeper yield curve, and crucially better earnings backdrop."