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It’s been fairly apparent for the last 2/3 weeks since the FED moved the goalposts on interest rate deductions, that the stock market has no direction. The S and P has started to roll over, what does this mean for investors, well sell the highs. Gold has been the play, what with the
amount of debt in the system by central banks. Maybe gold has some way to go yet.
As for the growth tech stocks they have started to roll over, it appears the play is to be defensive, ultimately, I’m keen to be in cash, as I see no short term upside until signals
are clear on a sustained interest rate reduction cycle, which is now unclear.
Something to think about.
The grammar is awful, FairPlay. But I’m a self made man. I’ve often found over the years the
ones who make all the digs, are basically unhappy, usually poor, not good looking, and was
probably unloved as a child,
Fair to say it applies to a few on here, the great elite. Investing in penny shares, and oh so
important, but not smart enough to have made any real money in life.
12p a share I think I can stretch to 10 . Hah.
Investment strategy tip is once your got your giro this week, buy another 5 number 12p shares,
treat yourself.
On the Anadarko front just to say when there is a rumour that a big business is going to buy
your company it’s best to probably sell. Here’s another example, GKP back in the day were also
finding large amounts of oil, Exxon were rumoured to be buying them at £8 a share. The then
CEO was very good at looking after his own interests, as were the Kurds at nicking the oil, so
I sold.
It’s not my fault that the CEO has been in charge for what 15 years and taken the share price from £4/5 to 12p. Turning up at the agm’s the original CFO seemed full of integrity perhaps a
bit naive , the CEO couldn’t strike a deal to buy a cup of coffee.
And finally, as the responses Hilary Clinton stuck the knife in to sour the deal, so what are the
changes that the same thing doesn’t happen again to sour the deal.
I of course wish investors well, but it’s not my fault that the business is valued at 12p a share that is the fault of the board.
I’ve got no hidden agenda, I’ve just said you won’t get hundreds of millions out of the Italians,
It was that simple. So, please don’t keep shouting at me as I might buy shares and get really
depressed like everyone else.
Free speech dear boy
So Paul Drayton, your the man, the main geezer the everything RKH. Or are you just underwater and bitterly upset and quite angry that you, mighty you, are invested in
this company and you have lost money on your investment.
How dare they. As I said option 1 on the telephone keypad, and Rachel will alter the share price for you, because clearly the LSE have got it completely wrong.
I’ve read the RNS statements you get £15mil upfront, the rest is all to do with agreements on
the annulments. Hardly life changing is it.
So, surely if you were going to get all those extra millions of pounds the share price would
be more than 12p. Because the stock market is forward looking perhaps phone the LS exchange up, option 1 on the key pad and tell the lady on the switch board to kindly
alter the share price because she has got it wrong. 👍
Is that a plan to keep you all from getting excited.🤣
I’m not saying you are not aware of the situation. I’m saying I don’t think your get all those
millions promised . Problem with chat boards is they are not rational places, it’s all emotion,
and unfortunately when emotion takes over, it costs investors money.
It Appears RKH may be saved by the watered down subdued drive to net zero, but It’s still a deck of cards.
I of course wish investors well, and will raise a glass of Prosecco when the Lira lands in the bank account, providing Sam hasn’t nicked it for another placing.
I used to attend the RKH agms around the time the Americans were interested in buying the
business. I thought the then CFO was creditable, I cant remember his name.
MOG couldn’t utilise the asset back in the day what with the stone wall the Italians were
sticking up, and obviously sold the whole shooting match for low level millions I think
5 or 10, I can’t remember.
The point I’m making and I remember thinking at the time, they the Italians won’t want to
stump up many millions in assumed profit when MOG would have only invested a very
small minuscule amount in the licence and a bit of development.
Here we are 10 years later, lots of flash lawyers and advisors, trying to extract many millions from an Italian government when probably in their mind the only compensate due is the
actual cost of expenditure, which was nothing in real value.
So, until the Lira is in the bank account it’s an unknown, that’s, er my view.
Apologies if that offends, but Er we are allowed free speech. Something to think about.
It was a tongue in cheek remark about the Lira. At the end of the day it states at the bottom of the RNS that the Italians don’t like to pay their bills. I understand that RKH have sold the debt
on. Once you get the Lira in the bank account you can all start slapping each other on the back, up to that point it’s all words.
Finally, I don’t remember what RKH paid for Mog, but it wasn’t a lot, so it will be interesting to
see if you come out of it financially in front.
To be fair RKH hasn’t been a good investment up to now, the management are clowns.
They should of sold to Anardako, the yank outfit sniffing around back in the day.
Problem with these posh city CEO’s they ain’t street smart.
Something to think about
After watching Powell again this morning, he fills me with no confidence, so I’ve decided to sell
a S and P 500 tracker fund. I can’t see any drivers to the market in the near term and will of
course revisit, but consider cash to be the better option right now.
I was invested in Mediterranean oil and gas back in the day. I remember mog trying to get some money out of the Italians back then must be 10 years ago. I still see that the Italians are
hanging out the payment and process.
Gut feeling it will all end in tears, and no Lire will ever cross hands,
Things are not improving out there. Interest rates need to come down and sharpest. The old chestnut about the managed funds and the gains over the last few years won’t be repeated because the tech trade will come off.
The gains were only made on cheap money, that’s no longer available. PE’s especially in the states are not sustainable, once the elite start talking the market down across the pond, and they will do the market will come off.
The FED may be even considering sticking rates up, yer, that’s not priced into the market.
Past performances on managed funds are not an indication of the future, personally no one
seems to get the point that we are used to cheap money and a busy and productive house
building industry. Most of the punters on these boards don’t seem to have a clue how the
markets work, and absolutely should not be invested in shares, they should put they money
in the bank.
Quite an honest view, something to think about.
Berkshire Hathaway have an even bigger pile of cash, and recently implemented a buyback
programme. I think your find that the U.K. is unloved. To my mind Lgen should be buying back
stock, why because most of the mergers and acquisitions are overpriced and afterwards the
company buying the other company doesn’t see the rewards in the share price, just the
increased debt to service.
Aviva seem to be supporting an increased share value since the buyback program, so why
wouldn’t it work here.
Something to think about.
The U.K. property market is a barometer of the U.K. economy. Normally when the housing market is doing well so is the economy. To my mind we need the base rate at 3% . I don’t know what you do for a living but I invest in property and all I hear back is people are sitting on
their hands due to waiting for cheaper rates.
Bailey should be setting out a timetable, we have gone from 12% to 3.4%, inflation . They are
not getting on with it, we need interest rates down and sharpest. We also don’t want a distressed housing market as that offers no comparable value.
You may not like the fact that the housing market is a barometer of the economy but that’s how it is, especially in the U.K.
What with the recent rise across the markets, it’s now a tricky decision . My view is that interest
rate cuts are priced in. What will be the next driver of the market, I don’t think there is one.
Interest rates need to drop to something like 3% to give the property market a kick up the rear.
Can’t see that happening by out to lunch Bailey. I would say we may be in for another tough year.
I did try to contact dearest Bailey but he is of course out to lunch !
I’m not privy to the figures. It makes no sense to sell a profitable and expanding business.
All I know having spent time in construction is the house builders are struggling. Most of
the big boys are working on low margin partnership deals to secure revenue.
I would also say that build costs are constantly rising, if you cast an eye over say Persimmon it
will be fairly evident that they don’t have a handle on costs over a couple of 3 year period.
Also when work is slack costs also increase because these are volume businesses.
The really smart people in life use a combination of factors to invest. The T/A argument is
all ok and relies on in theory mean averages, ie the share count being the same. When Bats
are buying back shares the averages are therefore changing, so the so called pivot points
Fibulation bands, and spinning tops are no longer a guaranteed reference because the input data has changed.
Also chuck into the equation the growth factor from Non Combustables which is not quantified historically , and the whole TA argument becomes an unknown.
My view, so I’m taking my spinning tops and drawing a fibocci line underneath all the hype.
Something to think about