Member Info for calisto

be down at all. The US is fretting over interstate's rates and now over the valuation of its FANG stocks. These stocks have been on ridiculous multiples because analysts have hung on to company guidance and been to feckless to realise that the online offering is getting more and more crowded. while still not saturated or mature some slowing forward growth momentum is to be expected. The metric are totally different in the UK house building sector as there is and remains an underlying unmet need for housing of all types. Housebuilders are on single digit PER's, double digit yields and cash rich.

market reaction to a couple of tax dodging techies "missing" analyst forecasts. US analysts in particular are spoon-fed by the corporates and are incapable to factor in anything other than straight line extrapolation of prior year data. For the more sanguine valuations of the US FANG stocks has been incomprehensible fantasy land stuff. There market place for internet based commerce was bound to slow at some point as other platforms continue to enter and vie for market share. sadly this ver superficial and simplistic analysis would seem to be beyond the grasp of the current analytical crop. I guess the CFA syllabus is light on common sense.

leveraged ETF's

Some of the smarter French banks like C Agricole have already reduced exposure to Italy over the last couple of years learning from the Greece fiasco. I think you may find this not to be the case with some of the German banks.

The Dow has been barrelling higher while the rest of the world was falling away over the last couple of months. I suppose it was just a matter of time before investors started to feel a bit lonely and anxious looking over the shoulder at the damage Trump and Powell had caused to the rest of the world's economies and sentiment. Institutions and hedge funds have had a miserable year and desperate for a decent correction to reset the clock. I have heard suggestions that the VIX hitting 25 might spell the turning point, which as matter of fact, has just dome so overnight. Manipulating the VIX appears to have done the trick in triggering the sell off we have just witnessed this month. Earnings have on the whole been good so while undoubtedly there is some nervousness about next year's trends given the tariff wars and its impact on the Chinese economy, perhaps after the mid terms Trump will lessen the chest beating and take stock of the impact of his policies on the US economy and get more serious about some trade talks. Its interesting to see TW hold out here. It might just be that those who have been working it lower since May, feel they have made enough for now and are prepared to let it recover ahead of the next trading update, before having another crack in the new year.

if unspectacular. Even so not bad given the toxic environment we now live in on a day to day basis. PPI looks to be absent? Perhaps we have enough set aside. I hope we will see some of the recent crop of trolls go back under the bridge from where they came or better still, move over to the Barc or Stan boards. GC has done an excellent job for the bank but I am sure the bank already has a shortlist of excellent candidates and the handover will be smooth one. Once the Dow has gone through its long overdue "correction" we should see 60p plus.

can't beat a classic car for smiles

numbers tomorrow? Share price behaviour over the last few days suggest we will get some encouraging news on cost reductions and NIMs and some hallway scent figs from MBNA.

If you are paying your shareholders more than the cost you can borrow at on the open market it is more efficient to buy back

Hmm probably, used to work with him a while back and it would not surprise me. Cant lay my hands in main shareholders in Crest at the minute but Blackrock is in as of course is our friend Neil so Jupiter may well have an interest here. Apart of from Neil I don't thinks we have may major institutional holders, but happy to be corrected, which I put down to events of 10 years ago and the little effort that has been made over the period since to make amends.

To read in the Telegraph today that those razor sharp Johnnies at Jupiter Asset Management musing that Crest might be an interesting morsel for an venture capital company. Hello ! There are a few other as well! I think all ten house builders are cheap and poorly run and given the amount of cash they throw off would make ideal VC fodder. Gear up[ the balance sheet buy back the stock refloat at a market yield-job done. Come on Blackstone TW has lost a quarter of its market cap in 4 months. Carpe Diem

Because our BoD prefer to hoover up freebie shares rather than putting their own money in

That more and more people I know that have gone into hospital are having to fight off sepsis as well ? Wtf are regulators doing?

that Mark Project Fear Carney was defending his latest bank stress tests as severe but realistic. So he has probably added nuclear explosion at Selafield, Tsunami on the East Coast and a plague of locusts to free fall of the pound and 35% collapse in house prices. May have hindered banks today?

yes we have Mark Carney to thank for that. He stated that banks in the UK were now ready and able to cope with any Brexit outcome, even a deal scenario, Stress tests were done simulating a run on the pound forcing a sharp rise in the interest rate to share it up and a 35% decline in house prices. it was deliberately ambiguous statement which was obviously misinterpreted to suggest that the BOE said house prices would fall by 3%% in the event of a no deal Brexit.
He later denied that is what he said but by then the damage was done. He should have been sacked for his political meddling when Osborn went.

fair point. had not seen BBC interview. Think Hammond probably will leave well alone as they have'nt exactly got a lot left to aid popular opinion right now. If TM falls he will be next in the crosshairs

redfern is refusing to put his hand in his pocket to show the market that he believes in his own strategy.

No RNS yet so I guess the answer is No

Persimmon's Chairman buying a decent slug of shares.

BoD is even aware of the fact that have managed to lose more than £1.5bn in less than 4 months. Easy money for them. Of course the next issue is that we will have to stump up some cash to fill the hole in the company pension fund as a result of the stellar share price performance