Member Info for contrarian123

Well well - Next just bought a stake in Reiss. Nicely done. I guess the suspended dividend saw to that. They next set of results better include dividend re-instatement - If they have money to go an spending spree they have money to pay back shareholders

Well 5eights has bought Ivan on the other forum has bough too. What a coincidence. I have bought back in too if anyone cares

Perhaps a replacement could be Nigel Farage for Piers. Farage spitting feathers at the sight of a dingy crossing the channel combined with the woke crowd would have the brainwashed glued to their screens getting their morning exercise. Ratings would go ballistic - perfect replacement for Jeremy Kyle

This is a fund not a single share. There;s a lot of volatility which for me points to further falls on SMT

Anyone any views? I thought there was support at 3.65 so managed to buy a small top-up at 3.64.

Director bought 500K shares at market rate

can't even get a live quote on II at the moment. Not looking good

As I said last week 9.5 - 9.6 is my first tranche buy here

L2 Analyst - There is also another one down at 4p have you spotted that?

Keepcalm - Maybe so re Tesla but not this year. Once the realisation comes along that the economy needs to get moving to earn the $ for the Tesla product to be shifted things are going to be choppy. Tesla is good but hugely overvalued and other companies are catching up.

Remember that SMT has offloaded some of its TESLA holding as they were overweight on it. However they still have TSLA shares and quite a few. My target for TSLA is around 400 USD a fair bit from current price. SMT has further to go too but I would enter with a small stake at the 9.50-9.60 mark. Ii is undoubtedly a well managed fund but the tech valuations are unreasonable at the moment. This is not something new they have been unreasonable since Oct / Nov last year. One of the main reason why when I first bought SMT at 4.8 I then exited at 8 pounds or so.

a 17% discount would be more in tune with the heightened risk of inflation. Another poster this morning had calculated it based on previous big falls. I concur. I am waiting at 9.90-9.60 range for a 2nd dip in the water with SMT. Previous purchases I had made where at 4.8 but unfortunately mistimed my exit at 9 pounds.

Aspers
I've been in BP for longer than I care to remember. Started when the gulf of Mexico disaster occurred and was buying when no-one was touching BP. Thanks for the tip. I am clearly not on the board but one bad apple (Conn) does not spoil the whole bunch. As for shafting workers. I think they should be getting market rate. 80% have accepted. It is the usual moaners like the guy below who like to do minimal work for maximum gain. I have had experience of BG technicians coming around my house and they were all jobs worths. This is why I keep on maintaining that BG should focus on volume and leave the niche stuff and the so called BS of service to indie outfits that can potentially charge extra for the discerning customer. Most customers are not discerning they want cheap bills with the appearance of customer service. Positive change from me was an announcement about 1000 apprentices. Lets get the young guns in that can have a smiley face and possibly not be as institutionalised jobs worths like the current technicians are

I detect a small something syndrome. I presume you also drive a very big car!
Not loosing more than I can afford and TBH I have such a low average on CNA I am just waiting for the GMB to go away and double my investment this year.

I just did a re-calc based on 17% drop as soon as the 20 day EMA crossed the 50 day EMA and came up with a revised buy in level at 9.91 - Interested to see your view

Aspers are you still invested in Centrica? I tell you what if you do recoup your losses why don't you setup a charity fund for those moaning engineers

I have no intention to work for 12p/h. in the conditions you describe. Let me give a lesson in economics 101. Supply and demand. Clearly there is a lot of "engineers" (quotes are used because really they are technicians), thus the rate is low. If there were few the rate would be higher. Clearly the ones not happy with 12 p/h can get another job or take some risk like I do and become a freelancer and invest my own capital. You cannot have absolute job security and financial means by having a secure job and it being well paid. Welcome to the real world

If you want employees to share profits then I suggest they should join John Lewis. The company is run for the profit of shareholders. Its a tough world

Last week I calculated a 9.5 buy in price and placed a limit trade. I thought it was highly unlikely but this week the target seems ever so close. I will test the water if the target is reached but I do fear if the sell-off continues we may see high 7s low 8's in the not so distant future

The free market works both ways when it comes to shares. One can make money on the way down as well as the way up. The engineers in my experience have been the major pain in the backside at Centrica. I am blunt but its true - all I kept hearing about was moaning. They are there to make a profit for the company that is their job. Bad management decisions in the end get reflected in people getting the sack and their reputation suffers.