Member Info for Carrington

Sav - the best thing to do if you are not married is find someone and have 10 kids then put your feet up and laugh at people going out to work while you sit at home watching daytime TV - gl dyor etc.

You wanna be careful what you wish for Sav, yes Reeves is clueless but just a pupet for the backbenchers - Liebour did this budget to appease the left wing backbenchers not for the good of the country - all the talk about growth is just talk - there will be no growth as the debt held is being retained with ever increasing welfare/public spending - the UK is now the most progressive tax country in the world and the worst place to do business - if you get a left wing chancellor in there you will wish you did not live in the UK my friend - believe me I know - I lived through the lunatic economic policies of Labour in the late 70s and that imo is where we are heading - gl dyor etc.

Decided to retain my core holding here but sell the shares I bought at 323p and 328p this morning for 347p - around 5-6pct gain - this has nothing to do with MKS and all to do with the current UK Macro - I have trimmed all my holdings this morning to take profit apart from my defensive stocks (BP, BT, Centrica, RR, Melrose etc) - I have done this having gone through the budget in detail over the weekend, - even though there is likely to be an interest rate cut in a couple of weeks, and business rates increments were better than expected, the progressive overall tax of this budget leaves the UK as just about the worst place in the world to do business and I cannot see any way in which growth can be achieved against a backdrop of ever increasing welfare and public sector costs - Liebour are basically leading the UK into recession by doing the right thing to appease their left wing backbenchers instead of doing the right thing for the country - an absolute disgrace - gla dyor etc.

Added at 564p - gla dyor etc.

Took a few off the table here at 82p for a 10pct profit - UK Macro not great right now in fact it is absolutely crap and with little hope of growth I have trimmed all my shares this morning in order to bank some profits, with the exception of defensive stocks like BP Centrica BT etc which always do well in a recession which is I think where we are heading now with this totally inept Gov - gla dyor et.

A bit of an overreaction here to the CFO stepping down in 2026 - not as if the new guy doesn't know what he is doing! - 4pct down which is just ridiculous - gla dyor etc.

Went into the Hamilton Hall at Liverpool street station on Friday - absolutely mobbed inside and out - the thing I have started to notice now with JDW pubs in London is how many tourists are in there with their families - like me they recognise that if you want a cheap beer and cheap food this is the place to go especially if you have kids to feed! - the JDW pub in Alicante airport Spain may well be a master stroke as the word spreads around Europe 😊- lets see - gla dyor etc.

Decided to err on the side of caution this morning and sell a few at 152p for a 3pct profit - still think the results will be good this week but the problem I have is the UK macro - having digested the implications of the budget over the weekend I am not convinced that it will generate any growth at all going forward and for this reason I have trimmed all my holdings this morning apart from my core defensive stocks (BP, Centrica, BT etc) - gla dyor etc.

I wouldn't worry too much about the drop here yesterday, the sp has gone from 138p to 151.8p at cop on Friday so around 10pct up - just profit taking along with other UK stock that has risen big of late - HSBC increased their holding here on Friday which is a bullish move ahead of results - re Reeves and Liebour - I am an old git and have seen both parties in power over 50 odd years - Liebour have reverted to type as they did in the 70's - tax and spend - hammer business and boost welfare - that is all they know - they almost bankrupt the UK in the 70's and we had to beg the IMF for a bail out - this is coming to the UK again unless we create some growth pdq - gla dyor etc.

For sure John - UK shares hammered down to stupid valuations - the value for JDW at 6 pound was daft on fundamentals alone based on the math regardless of the budget, which is why I doubled my holding - some of the retailers have been hammered out of sight - MKS was trading at 324p a few days ago - I added quite a few there ahead of the Christmas trading period - looking good for the pub sector now going forward imho -I am out in London this afternoon so will be popping into my favourite Wetherspoons -pub - Hamilton Hall - for a few toots! - gl dyor etc.

Guns n Roses - Knock knock knocking on the 5 pound door hey hey hey hey hey - bring it on - so glad I added on the way down here - going to be a jolly good weekend me thinks - gla dyor etc.

Massive results from MAB this morning currently up 8pct ! - should support the sp here so we may go further north - I was going to trim after a huge percentage gain over the last few days but I have decided not to with momentum now firmly behind the pub sector - I think I will wait it out now until the trading update in Jan - gla dyor etc.

1ontheup - "Any retail updates on the horizon?" - from a macro point of view BRC Retail Sales yoy 9th Dec is the only thing of note in the next 14 days - gl dyor etc.

UK shares marked down on pre budget pessimism to crazy values - SSP is over 2 quid on a DCF 2 and 3 year basis on my calculations - with the buybacks and any improvements in trading or margins and it will rerate imo - and airline results in terms of volume for the previous few months have been pretty good tbf - I have added here all the way down to 138p and am now over 3pct in profit - earnings next week and I expect this to tick up more as funds hedge their positions - lets see - gla dyor etc.

JDW rerating over the last few days in front of your eyes 😊- happy days

Anyone bidding for a company does not like uncertainty - that uncertainty was removed yesterday - the bid will imo go through - its an American company - the last thing this Gov wants to do when they are trying to facilitate growth is send a signal out that the UK is not open for business - especially to the US - this goes through no question imho - gla dyor etc.

"Only if its technogy remains current. There is a distinct danger that newer, faster and more reliable technology, will supercede Ocao's; which is already struggling with up-take. . ."- Any newer technology will have to get past the Ocado patents though, over 3000 of them including AI patents - Autostore tried it Sheltie and it cost them 200m - very unlikely to happen imho - dyor etc.

Whilst the initial cost of a CFC is substantial Ocado's robots significantly reduce human labor costs, potentially saving up to £7 million per Customer Fulfilment Centre (CFC) annually, which is a 40% reduction in picking costs - meanwhile at supermarkets without the Ocado facility they are busy calculating how much the increment in the minimum wage is going to cost them to facilitate their pickers going forward, along with sick pay, holiday pay et al - this is why I have been adding as the sp falls - long term Ocado will win out imv - gla dyor etc.

Today is the reason I added at 338p 329p and 328p recently - sp way oversold on technicals regardless of the budget today - the key with buying stock is value it correctly and wait for market sentiment to turn - this happened today with the budget and a relief rally by the market on the basis UK Gilts would not tank (UK Gilts at cop were up 0.76pct) - so basically the market is now saying a rate cut is nailed on for December - a nice boost for the general public and for retailers just before Christmas - big well done to all those who bought in or held over the last few days - an extra g and t is in order I feel for me and Mrs C before dinner tonight - gla dyor etc.

Damp squib budget for TW - still the market likes it with UK Gilts higher - interest rate cut now nailed on in a couple of weeks - I will keep holding here and see how that plays out - gla dyor etc.