Member Info for driftking27

As expected, and not surprised divi cut too.

‘…The firm also cut its full-year dividend by 14% to $1.46 to reflect higher investment in new projects’.

That’s 2-3yr dividend cuts.

I’d consider looking away from miners for another year or two as eps will continue to drop due to higher costs from inflationary headwinds etc.

I have take my profits here and LGEN. I’m sitting waiting for 1st November to spread again after UK budget back in.

Or, I might take look at Volvo ( trucks), or more Royal Bank Canada .

Both BRITISHBULLS & Zacks & Marketscreener have as HOLD

So true StrictlyZinc, coz we live in a world that people throw fake information around.

Point is, anything is possible. Yes, RR could go bankrupt haha.

I’ll repost 1st November after budget and see where we stand from now 225p

LGEN still remains a STRONG SELL. Bath at Zacks, BRITISHBULLS & Investing & marketscreener. It’s way overbought.

The UK could and revisit scenario if 70’s when it defaulted in my view.

Rates were cut way too low by BoE back in 2009.

Governments were making a bubble from keeping rates low at 0%

Be waiting for budget before investing another chunk here, and maybe ROCHE shares ( great bargain (wink wink )), and maybe MBG.

Uk shares have always been dire in returns, but we just have to buy dips and look t0 future.

Looking at180p to buy, easily see 15% drop on budget news..

Agree, but these comments are similar to most maybe half of FTSE constituents.

It’s a UK thing, all uk shares underperform USA competitors, European too to some degree.

Iv already compared US banks by market cap to UK’s along with Chinese, European banks too. UK is issue not HSBC.

Like both SHELL & TOTAL have reputed to be doing, moving to US listing, that might help…

I have been here since 2006, bought 6 tranches thereafter.

The trick mate, is only to buy on dips, start with a third of your forward holding cost, and top up.

I sold half last week, as I can’t see HSBC going back above 700p for now.

I’ll buy when it falls only below 600p.

GS & RY.TO have both been better banking stocks Iv held for similar time.

Dividends are not everything, and in my view when dividends are above 6% I stay well clear.

Tempted to buy here.

Wandering if all the beefeater closures I see in Glasgow is a good idea for its brand?

East Kilbride

Paisley

Newton Mearns

Dumbarton

All closed in Glasgow, over the last year the restaurants have become stagnate, no atmosphere, 1/3 full at weekends, but it was always good food.

Costa Coffee I believe was sold to Coca Cola, and I do remember WTB owns Brewyers Fayre brands.

Is this brand name growing or going sideways??

What’s compelling argument to buy this, as the Premier Inn brand is nit as it was before…

Not related, but Narasimhan's 17th reign is ended. He resigned tonight due to bad growth since he has been at power..

Still here with RKT, haven’t sold traded my position, not until we get a proper rumble in the jungle of all markets.

Good luck all

HL.

My other broker believes that possibly this new company will be looking at cost synergies, just like any other merger woujd do.

Costs per trade could rise, job losses, increase in AI usage, cut in staff bonuses.. etc etc.

I’m with Raths & HL.

Where are those awful numbers from over 5yrs for Merchants??

It sits more like 25%!!

It was 450p 5yrs ago, so 25-28% increase in SP.

compare against EDIN was 540p 5yrs ago so 35-40% on SP gains

CTY was 400p 5 yrs ago, so it has gained 6-8% in 5yrs. You’re so bad at maths!

Compare against STS, it was 185p 5 yrs ago, so has gained 18% to date…

MYI 5yrs ago was 230p. Has gained 7.5% to date.

Murray income was 830p 5 yrs ago, so gained 4% to date.

Back to school for you..,

Subwoofer.

What other trusts do you hold?

I’m more inclined to buy more ROCHe ( ROG.SW), but gives you guaranteed income later down the line.

Iv been here since 2003, but still young at heart lol

As expected this bubble will burst sooner than we feared.

This along with any other stocks are all to downside.

US unemployment numbers and claimant numbers are on rise again for July as last seen for June too.

Tread carefully, and DONT be taking risky bets.

The VIx - fear gauge spiked from 16 bps to 29 from 1st August to 2nd August.

Thus was last seen October ‘23 & ‘22.

In March 2020 it hit 60.

The share price is still not below the level to even consider a buy or top up, though the signal is suggesting to STAY LONG.

There IS A BIG chance of a bearish confirmation that will change the signal to a STRONG SELL. This is extremely high in my view.

Don’t touch this or RIO is my view.

Bought another 2300 odd shares, seems to be weathered the FTSE pretty well behind all this .

Close to 25,000 shares here..

There possibly following JNJ with there small business that produces Talc then somehow get it to file for bankruptcy?

On a different note, and yes Iv been here since 2013, only added in 2020.

I was going to buy another Income Trust taje some risk off.

I have

HFEL

MYI

STS

Looking at MUT or topping up STS.

Any views as those boards are dead

Cheers

Sorry to burst your bubble roofer61 , but here is NOT a buying area.

Growth is diminishing with miners cost synergies, EPS is dropping each yr, and will continue to drop the next couple of years or so, unless BHP can add a new bolt on.

If you want an entry point, wait for 1800-1900p area, or look at RIO it’s more volatile and more opportunity there.

Bigger blue chips are starting to fall out of favour, and small caps will play catch up - rotation time is happening if you haven’t noticed…

It’s a sit & watch. There will ultimately be a large PULLBACK on Us markets when after interest rates are lowered.

Good luck though

Forget Buffett. He’s NIT the one buying stocks.

He has made many bad decisions over last 2-3yrs on his buys / sells.

103.45 cents from 98cenrs woopydo.

I actually it has risen in pence terms?

That gives 80.585p fy at $0.778 to £1 FX

It’s not actually gone up in sterling terms versus 2023 rate

FY 2023 payout 80p for the whole yr.

It’s gone up 1/2p lol

So, we’re getting closer to earnings call. Moment of truth about the effect of the ‘sugar coating’ they gave everyone back previous earnings call.

I belief it’s not going to good, and I think everyone else sides with this.

The cost of living is still hurting and will continue to hurt these inflated prices that consumers are expected to pay for premium brands.

I will be looking to add soon after these, what I expect to be gruesome numbers. 2000-2200p I’d consider

Remember FTSE trades at 16.5X as of July.l;

S&P trades at 24.5X

I can see a 10% drop in SP to a reasonable 2250-2350p next week at least.

Time will tell

GLA

I’m more happy with all my five pharma’s than consumers at present .

I recognise the userid Gerry557. It’s not Gerry whom I may have had a good chat on shares nearly 8-10yrs ago here and loads of other FTSE stocks????

Might not be though just wandering