The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Skier, unfortunately this budget has turned sterling into a basket case. Uk bonds will be dumped. BOE will have to rapidly increase rates to try and support the pound. Lesson not learnt from the 70s here I think.
Well done to everyone who bought when the downgrade came out a few weeks ago :)
A property portfolio is only worth what someone who has access to money will pay. Paper means nothing. Everybody on a fixed rate mortgage now will be paying at least twice as much when it comes remortgage time. Mortgages will go interest only so people can afford and in the end keys will get handed into the bank. Sorry to be so pessimistic but I've seen it happen. It will happen again the only thing to stop it will be an end to Putins war. Citi predict 18% inflation. Interest rates I think will be a minimum 4% some time next year. Look at the yealds on companies. If 12 months ago you were offered 4% per year with zero risk I know where Id put my money.
Porsche, better than lloyds just short JDW its the share that keeps on giving absolute no brainer £750 mill debt, Tim Martin still has his energy fixed till next year and is still making a loss now. Yes he owns a lot of pubs but no-one will want to buy them soon. Share price will start with a 3 come the winter
Fleecy Ive got a larger position in Barc compared to lloy. The only downside with lloyds is I think they are more geared to the uk economy than Barc.
The banks are starting to get a slating now already for not passing interest rate increases to savers, won't be long till Martin Lewis gets his teeth into them. Personally I'm also in insurance sector big time still undervalued once they pass additional costs on to the consumer I believe this will change.
Regarding VOD I've been in and out for many years, yes I totally agree regarding passing on price increases. I'm short as of yesterday as I feel that Vod along with a large number of FTSE 100s are elevated because of the £/$. The $ I think is overvalued now, I think the US have fudged the numbers so to speak and the £ will strengthen with interest rate hikes, I believe the market is too pessimistic on the UK GDP figures. I think the EU will be really bad come the winter.
Be interesting how much panmure was a buyer today. Im a LTH I bought more in run up to ex divi and sold some day before as I felt it would drop. I was wrong then but today is an absolute gift and I started filling my boots (isa and sipp) as the drop continued. The lower it goes I'll carry on. Yes a retailer in some respects but their move into electric car servicing I feel is the way forward. Broker recommendations are about as much use as a Neil Woodford. Charlatans the lot of em
Let's see what happens, I was long vod for many many years going back to the £2.50 days, I'm sure we all remember them. Just decided there's more chance of making money with the debt on the other side of the trade. Long term great company, see £2.50 again, no I don't think so.
I tried shorting ftse but it won't roll over with the oilies. Now just put a big short on Vod as its sitting at 120, I think when school resumes and traders are back this will be back to 110-112 within a couple of weeks. Anything with debt will get mashed
I was an investor here I took the divis and finally sold at £2.20 with a 10% loss. There is no get rich quick in the stock market
Please everyone be careful with this market, I personally lost 1000s in the dotcom bubble years ago. If you all remember about 6-9 months ago all the adverts on tv with robinhood and buying fractions of shares. The only adverts now are of buying gold. These are dangerous times and you could have your wealth wiped out in a week. I've learnt my lesson the hard way. First rule of investing is can I sleep at night or go on holiday for 2 weeks without checking the price. If you answer no then you will loose your money because your investment is emotional. Please everyone be careful.