£4bn + market cap before they bought GKN. So to me this isn't good (Brush is worthless). You could have just sold shares back then and made a lot more. The winner at the moment are the GKN shareholders. I still see this coming good but a lot of work to do. That GKN pension deficit has been a howler.
Smalltrader, i always dip in and out. Just got back in. I always know its coming back down, i never believed we would all be jetting off this year. But at this oil price enq is making a fortune and the new acquisition is looking cheaper. I just cant hold long term anymore, certainly saved me losing on pmo.
PRD - good read thanks for sharing. I was annoyed at how blasé Boris is going on about 3rd wave coming to our shores. I would like to think the 30m vaccines down will count for something. I never fully bought the huge demand spike for summer but if they don't get tourism back to places like Spain then the EU is going to see member's default. As a remain voter its pains me to say this - "I am glad we are out", they are sowing the seeds for their own end now.
Mrc, got to laugh at the panic a drop from 70 to 69 creates. When it was under $30. Ebitda of $1bn at this rate surely, be nice to see debt under 1 as a multiple. Not seen that in tlw or pmo (pre merger).
Are you on drugs? I am sure SNT (whatever that is), know that they need a margin out of a contract - this is something WSG have never had. they spend it all and more - that is the objective of the BOD, to make a living out of SH cash.
Wonder if oil will spike as lockdown lifts. I see China comments have booted the markets today (very helpful. Its normally January when the whole China demand propaganda campaign is started by hedge funds to achieve their lower by in. F knows where anything is going right now.
Small Trader - I am with HL. Mainly a SIPP, that has collated about 4 prior job pension schemes. I like HL, very good app on the phone and always gives me a quote. Not bragging cos its not much really - I have £100k in the SIPP and they charged me £17 this month - to give you an idea. One mistake I made was I chose BestInvest for my SIPP initially, they weren't awful but they are not for a trader - they sometimes make you wait until the shares have settled before you can sell. Also - their admin is slow, I could have cried in 2016 when PMO relisted and went 100% up on the day - I couldn't trade it because the platform took 1 day to register it was no longer delisted!!! That is a risk I do not need.
My current work pension is with Standard Life. If I ever leave that pot will be straight into my SIPP also. Hideous platforms. It amazes me that the biggest investments in people's lives are on such appalling platforms. When you switch funds it can take up to 3 days. If you speak to the average person at my work they will have made 15% return over the last 5 years. I have made about 50% - mainly because I moved it into a cash fund in Feb 20 and bought back at a 25% discount. Sometimes moves like that are gold (and lucky), I did it because a very travelled person I spoke to told me more about COVID than our media were reporting.
Pelle - the SIPP is not something I contribute to. It is a collection of previous employers pensions. Once you leave a company it freezes and you can either leave it, transfer it to new employer or like I have done move it to a SIPP. To me it is better in a SIPP due to range of investments. Most works pensions platforms are utter garbage. The Standard Life I have with current employer is useless, even trying to find fund prices is just painful.
Jungle - don't forget "profitless" They don't make a profit out of anything they do - that's the point. Next new large contract = placing for "necessary CAPEX"........ Everything they have ever done results in a net cash outflow, mainly to their own banks.