Member Info for Gerry557

What happened to your mantra, shares don't rise in a straight line. Stand Fast man, and hold that line. Wait for the command to fire!

Sorry Flint

Gulliver' chatting on Bloomberg this morning saying he doesn't think Trump will reduce regulation

I see the ex Debenhams building in Derby had a few million in cannabis plants growing, cant do that with an online space so "bricks" can still provide money, well illegal money. Midway, 5 floors! that would supply half of Scotland and I'm saving my pantomime for Boxing day. Mrs G off to London for lunch and a spot of shopping strikes allowing, told her to check out the flagship store. Queeny looks like she will be filling the divis in the new year, two stone! Maybe you need some of Mr's G's famous Christmas cake, just dont drive having eaten it! Helps me get up the hills on my bike. Will that new nighty become a duster now. I look forward to an increase in sales north of the border. SP off a tad, might be HSBC saying 50p from 55p ..... they should spend more time watching Queenys shopping!

Only visit in here occasionally and still havent found the time and or inclination to watch the tv program regarding the corruption. SP @666, sign of the devil! Arsenal17, is a stout supporter of RR. and is quick to stomp on any negativity and always knows more then everyone else as he has an insider to whom he is married. Maybe Any attack or criticism is taken as an assault on his dearest. Yes there is some jam tomorrow or maybe next week but the low SP, cut in divi, negative cash flow and other issues mentioned in the media wont just disappear. Whilst action is being taken and even more cuts planned, saying I know a secret but not telling you wont wash. Any plan will take time and RR were at pains to point out new accounting issues that will make it look a lot worse, hopefully before it gets better. What if the plan doesnt go to err plan? Oil price might help if it stays and broker recommendations are basically just another opinion, it may or may not support your conformation bias. It would be interesting for A17 to list what he sees as negatives and Gray to do the positives. As for brokers who were negative for years, looks like a good call ..... right now. It whats ahead from here though that matters, well to me anyway as I continue to hold but wonder if I might be loosing on another opportunity elsewhere that might payback sooner ..... over to you two.

robday, start here: http://www.hsbc.com/investor-relations/share-and-dividend-information/scrip-dividend They normally try and work the script into a discount so there is a good take up, why would you pay more than the market is asking? They use your cash to buy more shares at the script price. Saves dealing fees especially on smaller holdings. Although as costs have come down and depending on how your broker works some prefer to take the cash and reinvest on dips rather then the current market prices as you might be reinvesting on a high point. Suf might give you some accurate details as he does scrip I do the former.

Bloomberg says its off

Another 57 for HSBC in the papers over the weekend. This should be good for the SP as it cuts costs but not so great for staff or some customers. Well its the global bank not the local bank. Just need ATM by post or do you think they will let me print my own cash when I need it? Still Goldmans playing with the SP and Buster must be preening himself as it looks like a safe xmas for him. I should have some extra cash in my pot as the divi has been paid too. Divi under 5% now so might not get reinvested here.

Yet the SP falls by +6% wonder if some have heard something else. Still a traders dreams, if your good at trading that is. Ive held gold miners more steady than this!

The share reminds me of the film, just when you think its safe to get back in the water ........

MrBeaky, the SP was much higher without the buybacks! I admit the big buy back hasnt started yet and might get an additional boost if they sell the other 14%. Still dont you want them to buy low now that they have decided to become investment managers even if it just temporary situation. I'm waiting for the "Massive Windfall" headlines although I'm not sure this is not just a case of a capital return as the company is effectively getting smaller, hence the SP being rebased. You are right though about the buyback pushing up the SP make you wonder how low it would really be without it, makes me think that if I buy now I'm loosing out on additional yield that I might have got has it been left to free float. I'm not totally sold on buybacks as you can see.

Continuing to rise, like the market. Quite a big jump last week so what more is there in the tank for more progression. Santa Rally? or has that already started early like a Black Friday sale. I suspect the next real thing will be what Sergio Bucher has to say on the plan of the way forward and the post xmas trading update. Only seven weeks until the divi is banked and then all the toy adverts will be replaced by holiday adverts ....... and Mrs G is picking this year so I doubt we will be spending two weeks cycling up the famous climbs of the Tour de France. Hope Lee Child pulls his finger out this year I might need another 5 Jack Reacher books if were sitting around the pool!

b9boy, there will be a special in Q2 2017 and the rest in buybacks. They haven't worked out how they are going to give tax payers the £ 150m. They could give it to me and I will buy you all a beer when I see you.

Firwood, debs did drop by the 2.4p initially like all shares going ex divi do, the market makers fix this at the start of the day. The shares are then free to move in any direction often following the market up or down unless there is some news affecting debs or the sector. Looking back at the SP, it rose initially but fell back during the morning and now rising gradually although there is a gap on todays open and some traders will say gaps get filled, ie at some point in the future the price will fall back to 57 and a tad. Others might be able to explain it better. I'm not sure how true the filling of gaps are as I dont follow them but suspect there is something to it. So we might have a Santa rally, shares supposed to rise as bonuses are done at end of year, and then hopefully the gap will get filled just in time to reinvest the divi. Well one can dream. Shorts still growing now around 7 percent and the Cheshire cat looks like its gonna get some Barclays cream. He's not been there a year yet will he try and collect two pay packages

I noted the high volatility over the last couple of sessions but have been quite busy so not been following the market too closely. Today's drop was on concerns that MP's are considering cutting the FOBT to a couple of quid max and limiting the numbers to boot. "The government has a duty to protect the most vulnerable in our society and to act in the public interest.” Lets hope they cut their expenses to a couple of quid a day too then, for the same reasons! Dont know why it kicked up to begin with though, traders dream right now but for me not much has changed as its got back to roughly even stevens. Then again there is always tomorrow

Was it not more a case that the market and utilities in particular were on a downer with many saying its down to a general rotation in equities post Trump? Things picking up a bit yesterday though for some reason

With the divi gone I wonder if it will go into a bit of limbo without the divi to support it? Unless they think xmas trading is going to act as a support. Trading update in Jan normally. Lets hope the uk finds it!

beatlejuice, I do it too. You cant say 100 percent what is going to happen you hope that you will end up in profit in your time horizon. If you dont need to buy, then why pay over the odds and get a lower yield when there are other shares or you want to keep dry powder for the next market wobble, brexit or what ever makes the price drop, hopefully just long enough to have your fill. If it doesn't drop, you still have your income plus any capital gains along the way. Looks like a win win to me.

Volumes not rising for retail sales as we all waited for Black Friday apparently. Didnt read about people killing each other in Asda this year apart from bits in the states so maybe there was less of a frenzy or it was more spread out with many retailers running a week of events. Oh well now await Christmas shopping, Boxing day sales and some dfs adverts for New Years Day. Hopefully Debs will have Found It.

Back to a cold house after a week away, every time I open a cupboard cold air flows out. Brexit on the news as the legal eagles battle it out and the market is still wishy washy. Debs drying out nicely with a rise today of 3% although I dont know why. Close to the divi date maybe or Queeny splurging on more than anticipated stuff like you point out. So back down tomorrow then or the start of a Santa rally? Well it is December and I must find my tree