Member Info for Dinoken

The FCA took 10 years to fine Lloyds over problem at HBOS Reading Branch. Cannot see SFO taking much less to finish their investigation into PFC. Do not think PFC is a priority for the SFO, they have so many other higher profile cases to deal with.

DCF can be irrelevant. As Velo points out, the DCF from Simply Wall Street shows 5119. Not so long ago, before FLYB was bought for 1p, the DCF was 49p !

Been tipped by Fool.

Think its both - stock recovering together with POO.

In addition, helped by recently announced tie up with MFDevCo to collaborate in gas-to-wire opportunities aimed at opening up ‘stranded’ gas resources. This maximizes the recovery of stranded gas resources by using gas to generate electrical power on an offshore platform. Turbines installed on the platform convert the gas into electricity that can then be exported to shore in a cheaper and more efficient way than conventional methods; eliminating the expenditure, loss of value and reliance on pipeline networks.

Poleaxe - like the logic. Have not yet seen any announcement or concrete proof of promotion but statistically it looks inevitable.

Wonder whether the drop at end of this week has anything to do with the fast approaching EU deadline of July 10th which could affect the Spin Off ?

Apparently, GSK has offered concessions to the EU to address concerns relating to the planned joint venture with Pfizer’s consumer health business. The EU will make its decision as to whether to accept the proposed merger, demand further concessions or open a full-scale investigation into the deal by July 10th.

GSK has already started selling some of its consumer health brands to raise around £1bn needed for its spinoff plans. Non-core drugs have been categorised into three portfolios and bidders have received details for two portfolios comprising Latin American drugs and Physiogel skincare products.

POG is now over 1400 for first time since 2013 and showing every sign of breakout with estimates ranging from 1500-1600-1750 in near term and staying there for considerable time. From latest RNS mentioning St Martinho, seems there is dispute about whether gold seam is horizontal or deeply downwards, with MM hoping for estimate needed for JORC by end of July. Anyone a view on when WRES might actually be digging the stuff out ?

While girl friend gone shopping at Tesco, took opportunity to look at share holdings and found that RBS has also gone shopping at Tesco trying to buy their 3.7 bill mortgage book, which if successful, would be RBS's biggest acquisition since bailout, and assuming RBS has a Tesco club card, this implies that RBS is in line to get about 37 million clubcard points which covers a hell of a lot of shopping and discounted days out.

IMO, would rather RBS returned cash to shareholders rather than buying a load of mortgages in an era of perennial low interest rates. Looks a good deal for Tesco though, who can use money to squeeze discounters.

Woke up this morning and must admit, difficult to not feel seriously happy about having a stake in HOC.

Historically, technical ceiling for POG was 1350 before FED slaps it down. Right now, its over 1400 for first time since 2013, with gold outperforming stocks by 10% over last half year with stocks close to all time highs.
Gold is a hedge against inflation, weakening dollar and recession.
Smart money positioning for :
- weakening USD with rate cutting Fed. US manufacturing on cusp of contraction in June. 100% chance of rate cut in July by up to 50 basis points. No increase in rates in sight. Dollar to slide.
- disappointing G20 meeting with no trade deal between US and China. Golden Trump wants lower US rates so in his interest not to secure deal with China which would boost stocks and change outlook of Fed.
- US election cycle volatility.
- potential for Iran situation to deteriorate. Heat has been turned down onthis one as of last night with US retaliatory action for Iran shooting down drone being pulled at last minute.
- equity bulls predicting 1500-1600-1750 in near term !!!

Question is, how much higher can HOC sp go ? IMO looks like return to highs is imminent.

Interested to read that Morgan Stanley think that the 'maximum nicotine' initiative in USA is going to emasculate BATs, the tobacco company, not the furry flying beasts. Implications same for IMPs ?

I actually meant Jeremy Corbyn who won the conservative leadership debate yesterday (not Jeremy *unt) ! Back to Boris, and speculation is already rife about his choice for governor of BOE but have not yet heard any rumours about his choice for RBS.

Swapping one junk holding for another generates .7bl by reducing risk assets LOL and from forex gain LOL. Financial wizardry indeed.

Looks a little overbought from RSI7 but this is panic buying in response to the golden Trump. One tweet and bang goes price of gold. Personally, bearing in mind state of middle east, sp soon likely to start with 2 and stay there for next year.

Any succession plan will need endorsement of new PM, either Boris or Jeremy.

Keep the consumer side. It won't last long. Will probably have been taken over before its had a chance to pay any divis…

In meantime, looks like GSK will shortly be sweet 16 again.

Agree alto1 - very good.
£60 million procurement services contract over 19 months.

MARS not in 250 ? That's not what I was told down pub. I was told it was my round because MARS is number 326 in the hit parade and will join 250 on Monday 24/6 with consequent upward jolt of sp.
Before forking out for round - I demanded evidence - not expecting any.
You're right - there wasn't any.
However - pub had WIFI and there was this : www.stockchallenge.co.uk/ftse.php
I paid up. Even if promotion does not happen, divi due on 2/7.

Don't see the sp reflecting the fall in demand and decline in new car manufacturing that is affecting UK, Europe and other parts of the world. IMO, Sp starting with 3 will appear in your rear view mirror shortly.

Good news is Billy selling GNL to yanks. Bad news is he is selling GENL short - 'We are profitable at US$20 a barrel'. Exact figure is $19 no ?

Here comes Jeremy …