RE: RNS Strategy section part11 Oct 2023 15:10
Alot of ii's and retail are sitting on a lot of cash, even higher than when COVID started, that I read in a American article, something like 5.3 trillion. Was 4.8 back in Jan.
Alot of people are still very cautious of the economic outlook, it could explain why alot generally is not being bought. Maybe they also don't want to invest in lse, like a lot here complain how rubbish it is. Couple that with high interest safe money, you get paid to wait.
I would assume if you got a bonus, then you could sell it immediately if you were staff so unless your really unlucky, I think they will be fine, though idk about holding periods etc.
I would hope premium would help stabilize, but who knows. They have stated their intentions and were clear they are waiting for the review, though personally I would have liked faster movement, but then maybe I am pinning to much positive effect to this that may not occur.
Also had a thought, before people were upset that Matt kept saying he was going to this and that, and it didn't materialise. Now it's the opposite. Everything is so up in the air atm, with the economy and world events, maybe he's decided to be cautious, but now that's also not good enough. In 3 months he was supposed to have lined everything up and then comment about it. Back in July alot of people here were very happy with what Matt was doing and communicating , I believe manc said that Matt was basically saying everything that all the people here were asking for the last 6 months. It's only been 3 months. Yes he's not always great, and the results and strategy should have been dealt with better, so valid criticism and frustration for some, but it still feels like in ways it's a bit hypocritical compared with the previous complaints leveled his ways. Some of the analysts were also positive
The results were generally in line with expectations, the talk about strategy was sad, but no way warranted the SP drop. This is all imo and it's not worth much at all and certainly not saying people shouldn't be upset, fedup or want to sell as there are valid arguments especially as buying shares doesn't mean you have to keep them or always hold for 5 years. But saying that anyone that bought on these drops with recession looming, Interest rates, volatility and general crap knew what they were getting into esp if after early 2022.
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