Member Info for Crossley

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I cannot see why people, not only on here, but elsewhere think that fool is a good businessman. So, I’m reposting the link that got removed. Again, the last paragraph says it all, fool!

https://theconversation.com/a-new-book-reveals-much-of-trumps-success-is-based-on-a-myth-he-is-a-self-made-billionaire-240648

Looks like Donald has been trumped. What’s he gonna try next?…

https://www.reuters.com/world/us/us-court-blocks-trumps-liberation-day-tariffs-2025-05-28/

Https://www.reuters.com/world/us/us-court-blocks-trumps-liberation-day-tariffs-2025-05-28/

I see my post with the link about trump being a failed business man got removed in the serial bickering, along with the line ‘the man, the myth’.

Now what’s he going to try and do?

https://www.reuters.com/world/us/us-court-blocks-trumps-liberation-day-tariffs-2025-05-28/

Morning Trek,

Hope you’re well. I’ve been watching and thinking likewise (reducing, expecting a fall) after buying into AV, PHNX & MNG when things went pair shaped at the beginning of April. As you say, it’s finding the right time to sell that’s difficult.

Looks like Japan are now top of the table. The thing that surprised me when looking into the ‘owners’ of the US debt, is, the UK’s involvement over the last ten years, when I did a piece on this a month or so ago.

The link you kindly supplied, I couldn’t help a wry smile with the terminology…

“If sharply higher JGB yields entice Japanese investors to return home, the unwinding of the carry trade could cause a loud sucking sound in U.S. financial assets,”

https://usafacts.org/articles/which-countries-own-the-most-us-debt/

https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.html

Https://www.riotinto.com/en/invest/financial-calendar

Afternoon Driftking,

As I have said, I’m by no means a professional on this assessment, self taught etc, so if there’s anything fundamentally incorrect, I’m hoping to learn from it, and apologies beforehand. I’ve only been invested in one takeover/merger, that being, in my opinion at least, a poorer company (Barratt) taking over a far superior one (Redrow).

I’ve revisited the figures since, with a bit more time spent and, again, if there’s any inaccuracies, apologies. Links at the bottom. Have net assets now of 2.48b for DLG. Taken from AJ Bells share mag (under fundamentals) and checked against Morningstar & Fidelity.

Quick search on investigate, DLG shares come in at 1.322b. Aviva have agreed to pay £1.297 per share.

My calcs come in @ £1.714 billion.

5p per share dividend, £66.1 million.

That’s a cost In monetary terms of £1.78b.

0.2867 Aviva shares to DLG holders.

379m additional Aviva shares to be issued. If correct that will give us 3.039b shares in issue once completion occurs (sure it’ll get there in the end). 1.322b X 0.2867.

Aviva MCap. 16.25b

DLG net assets. 2.48b

Less cash cost 1.78b

Aviva new MCap. 16.95b / (SII) 3.039b = £5.57.

While I agree with theTrotsky’s post, re the goodwill being dumped in the intangible assets bracket etc, I was after a ‘real’ asset value that DLG can bring to Aviva, when trying to answer Warthogs question.

Then theres all the savings brought in from cross referencing, job losses (1600-2300?) etc. As I say, hoping to expand my knowledge of these things. Please be kind…

https://www.investegate.co.uk/announcement/rns/direct-line-insurance-group--dlg/total-voting-rights/7089913

https://www.sharesmagazine.co.uk/shares/share/DLG/fundamentals

And, there she is on Laura Kuenssberg on BBC 1 now! FFS

Thanks for the heads up. That woman makes me instantly angry when I see her. Then it turns to rage when she opens her mouth.

Just read that Denby,

https://apple.news/A0wLP3ieySZCtkSn-9EZtrA

Bit bored. Had a quick look at the sector, as follows, first figure is pure SP performance, second is total returns (including dividends), quite surprising I thought?

PSN 11.74%: 11.74%

BWY 9.22%: 10.09%

BTRW 5.29%: 6.66%

VTY 4.46%: 4.46%

TW -3.76%: 0.39%

Https://news.sky.com/story/british-taxpayers-163102bn-loss-on-bailout-of-rbs-13373259

Morning Armani,

To be honest, I was a little underwhelmed with QQ’s figures. The 1.5b contract must have helped. So, was surprised with the 8-9% rise on news.

Enjoy the weather. Apparently, the sun is coming out later when we can bask in 18 degree heat. Although, the rain is just around the corner. No surprise there but it has been pleasant and warm of late.

Have a great weekend.

FTSE rose about half a percent in the last 90 minutes.

Financials, banks, Aviva etc rose about 1% across the board generally

My figure came out at £6.20. That was based on a 5% yield.

This was based on 2026 figures…..

I’ve just had a look at this. Quick one mind so if anyone with a better knowledge?

I make the additional shares to come in at about 375m .

That should have a detrimental effect to the SP of about 75p. DLG net assets are 2.32b. When added to the MCap of Aviva, and divided by the new shares in allocation. The price comes back to where it began?

Happy to be corrected or anything additional?

Afternoon Armani,

Hope your well. See AV, PHNX & MNG are all motoring along nicely since 07/04. Sold my LGen holding as was a little heavy since taking positions in the mentioned. Sold the two days prior to ex-div day. Worked out nice.

Sold some QQ this morning (rightly or wrongly). Sit on the cash from both for a little while now…

Afternoon Extracover,

It was on the cards, yes. Although the cards were a little heavier than predicted, with both CPI and core CPI (that excludes food/energy) coming in worse than anticipated.

CPI was expected to rise from 2.6 to 3.3% and came in at 3.5% (YOY), with core going from 3.4 to 3.6% and final hit at 3.8%.

HB, yes Housebuilders…

Afternoon,

US bond rates (30 Y) at 52 week high today. UK bond rates (10Y) not far off following it. Inflation up…..