Member Info for Dinoken

No prizes for guessing this is the cusp of the property price inflation saga and that the only way is down, taking lenders like NWG with it.

No one daring to answer ? Its true, RNO screwed by Putin. Now loss making or on verge of extinction IMO.

Completely ****ed as I write this bull shut but it has to be shed, that price of cod has gone thru roof due to English fishermen selling the lot to the frogs and UK not able to buy it from the russkies anymore. It really has doubled in price and to make matter worse, vegetable oil has doubled in price due to not being able to get it from Ukraine anymore, and due to owners of old diesel motors filling their tanks with it because its so much cheaper than at the pumps - sadly all true. To make matters worse, pubs in Kent are having not just their oil stolen but even the waste oil stolen (apparently it can be filtered). Thirdly, Fishi Rishi has increased VAT and minimum slave wage. Moral of the story is that independent pubs do not stand a chance of surviving in this environment. Wetherspoons will be the last man standing. Yabbadabbado

7 fold increase in energy prices is going to screw just about every smelting/engineering company in europe, not just WRES. Time to sell just about any company in these sectors (can think of at least 10 in UK alone). Mastermind did his best against incredible odds but lets face it, it was Putin who finished him off. Shame really, but there you go.

Left with a hole in the ground. Nobody could have foreseen the energy price going nuclear.

Not Slug and Lettuce. Got to do gardening today and thoughts turned to going down Spoons afterwards. Just realised Spoons could make a fortune selling lager to gardeners to use in slugs traps cos you cannot buy slug pellets anymore. Slugs die a happy death drowned in the stuff. I'm no slug myself, prefer ale...

10m to 3bn. Up by factor of 300 or is it 3000 allowing for sp consolidation ? Easter Turkey if ever there was one.

For Tilney. Seems overpriced and wrong time to buy wealth management company IMO

Never heard of this word before until seeing the new Barclays farce playing on Broadway with over-issuance of structured notes and exchange traded notes resulting in a GBP450 million hit. Seems over issuance was of a factor of about two, with the current CEO in charge of compliance at that time ! Now customers have right of rescission to get their money back to place before they took out the instruments concerned. Share buyback scheme been postponed.
Must be about the only type of financial malfeisance that NWG has avoided over the years, I hope ....

Energy price hikes - anyone any idea how RNO affected ? Worst case is forecasts shredded ...

Urban myth that sp will increase when gov stake below 50%. Nowhere is it the case that funds wont buy shares where there is a majority holder, gov or otherwise. Just another day IMO.

Ha Ha Ha - drinking at Wetherspoons is not discretionary spending ! Its compulsory ! The only thing going down here (Moon Under Water) is beer ... Good Weekend one and all

7.5p payable 4th May.

And the sun has been shining ever since. All pubs rammed. Looking good for spring which at least down here, looks like it has sprung. Cheers

Back from pub where financial advisor believes that NWG is in good place with no Russian exposure. Anyone know different ? As a Chelsea supporter, hope Abramovich does not bank with NWG ...

Big bonus for bankers, but no doubt would have been bigger if gov not biggest shareholder...

Peering into my crystal ball, well beer glass actually, I came across a vision of a bank with 80 bill excess capital and which is the greatest beneficiary of UK banks for interest rate rises ! Then I saw the logo and realised it was NWG with NIM lowest of all UK banks, non stop fines for past misdemeanours, and sp held in check by gov sales. Spoiled the vision somewhat. Assuming promise of 1 bill divis per year is honoured, then rerate to 300 must be on the cards ...

EPS 3.4 rising to 3.8 next year and 4.1 year after. PEG currently 0.1. IMO looking very good for next 2 years.

Complete scrapping of Corona restrictions in England, together with mild weather, many failed competitor pubs, makes this low sp a buying opportunity IMO

Placing and subscription. Heck of a discount IMO. Too late to sell or buying opportunity ?