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Weakening consumer confidence and possible 15% inflation by end of year. Consumers cutting back on their spending as mouths to feed and sky high energy bills over the winter.

Not a good day yesterday. Marketwatch.com report - Mondi PLC MNDI, -5.41%, a paper/pulp company, saw the largest decrease among FTSE 100 constituents, as shares fell 5.41% on Friday.

Shares of containers/packaging firms DS Smith PLC SMDS, -5.16% Smurfit Kappa Group PLC SKG, -4.10% declined 5.16% and 4.10%, respectively.

Barclays a few times recently but thinking of keeping the next time it goes down to around 145 again.

This year my portfolio down like most but keep about £4K for buying and selling if quick profit or sometimes small loss if opportunity. Taken my £100 profit clear here. Buying SMT which I sold yesterday at 813.33 for £180 profit. It’s now around 779. It’s been showing signs of recovery last week or so.

Just read

Sharecast News) - Jefferies downgraded insurers Admiral and Direct Line on Monday after a profit warning from Sabre Insurance last week.
"Following Sabre's profit warning, it is clear that claims inflation is accelerating at a pace that UK motor insurers cannot keep up with," Jefferies said. ""ven with prices rising, we expect margins to deteriorate significantly."

The bank downgraded Direct Line to 'hold' from 'buy' and cut the price target to 215p from 330p.

"We cut our earnings forecasts by 5% for 2022F, 7% for 2023F and 4% for 2024F, which leads us to reduce our dividend estimates by 36%," it said. "Had our dividend estimates remained unchanged, this would result in a Solvency II ratio of 149% in 2022F and 145% in 2023F. Based on our new DPS forecasts, we now forecast a Solvency II ratio of 157% in 2022F and 160% in 2023F which we believe would be more prudent given the current climate."

Jefferies downgraded Admiral to 'underperform' from 'hold' and slashed the price target to 1,525p from 2,300p. The bank said it expects Admiral's profit commissions to reduce significantly.

Ouch!

Ex dividend today

Received my £199 dividend

Not saying it will happen here but when a share takes a big hit it can be three sessions before it bottoms out. The Arora family's investment vehicle sold £234m stake in January, bringing its holdings down from almost 11% to just under 7%. Then the CEO and seemly brains behind the company decided to quit. Perhaps he will have a new venture. I hold shares and sitting on my hands at moment.

Best with drugs, fags, fuel and booze

Registered in Luxembourg I think.

Don’t count your chickens.

GBX 406.50
11.38%
-52.20 Today
May 31, 11:23:25 AM GMT+1 · GBX · LON · Disclaimer

https://www.thisismoney.co.uk/money/investing/article-10861765/Discount-retailer-B-M-finds-uncharted-territory.html

Out at 788.5 as decided too many risky companies. I still have JAM

New to SMT at the moment, ha ha. Comparing to PCT they have almost tracked each other apart from spike in SMT in 2020 and 2021. Can’t see that again. Looking at 5 years not much difference.

Scottish Mortgage Investment Trust PLC
GBX 753.67
88.18%
Polar Capital Technology Trust plc
GBX 1,877.20
84.40%
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When I looked this morning it was 780 and now it’s 737.

Seems it would cost Musk a billion dollars to walk away and he stated '20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher.

Not been back in.

Deutsche Bank downgraded Direct Line on Tuesday to 'hold' from 'buy' and cut its price target on the stock to 300.0p from 335.0p as it noted the shares were currently trading close to a valuation low at a 10.1% 2023 estimated dividend yield.
"Despite the valuation, we don't think this is enough to remain positive on the shares," it said. "In our view, a re-rating is dependent on when the market believes top-line (and thus bottom-line) momentum will inflect, which we don't think will occur for up to six months."
Deutsche said this is based on its view that it could take the market over three months to begin to price in claims inflation, and longer than that for Direct Line to see a volume uplift.
"Reflecting this and the lack of an immediate catalyst, we no longer have conviction in our buy, and as such downgrade our recommendation to a hold," it said.

But currently 136

SMT only has 15% tech stocks