Member Info for Gerry557

Beauty is in the eye of the beholder, although I like my dividends on the fat side ..... and growing. Waits for the first analyst to say "make some cuppa's darling."

I dont know if its just that the roads are more busy per se hence more parkers, although some might scoot off into town but I was hinting at the same, its good for morribobs. Normally like to visit in store out of peak times. Sometimes shop in the early hours when you have to fight the shelf stackers blocking the isles

I keep a watch out over shops to see how things might affect me. Too many retailers with high costs fighting new onliners. Shopping is changing, how many look in shops then buy elsewhere on the internet. M&S had a following and was good for ladies undies but when they stopped buying the writing was on the wall. They have tried to be more trendy which partly worked and food has improved. Have they lost quality? maybe Primark seem to be so cheap it costs more to wash, great if your Jack Reacher. BON suffering but seems SP might be over egged and Majestic Wine down too. Still some are doing ok and as the weak fall by the wayside it opens opportunities for others. Im not sure BON fights with Debs but you never know how things pan out. As for snobbery, some aim for the the upper end of the market and even stores like Morrisions sells different things depending on the location ie student areas etc. Good luck with your vouchers, could do with some to buy cheaper shares!

rbrand, if a company did the same practices as the government they would be done for misselling! Endowments went the same way, gotta sell all your shares low and buy safe things instead. So little up side but they were supposed to level the payouts over time to offset SP fluctuations. Hopefully Deb will do a little better over time and there is more hope as the Chester Store is back open after its refit, lets hope there is a bump in the sales figures and it also pulls in more online sales to. Clicks n Bricks!

My memory was wrong .... to the good side! :- The pension surplus increased from £186m to £249m. The schemes remain well funded and the assumptions prudent. A 130 basis points reduction in the discount rate in the period, to 2.4%, increased liabilities. Interest rate and inflation risks are well hedged, therefore asset performance was strong. In addition, as data has been compiled for the triennial valuation, actual experience is being reflected which has improved the position. Pension interest income was £4m.

doesn't say much really but its on track and meeting management expectations. Well at least its not bad. Will hold for the divi.

icecat, interesting read although the end bit is missing. I liked the quote "The grocer has managed to keep its customers happy" err not this one, last time I tried to shop in Morrisions there was nowhere to park so I drove to asda instead. Albeit it was a peak shopping time which I dont normally do. Maybe I just need to add to the online sales instead and miss the free, if you can find it, parking. The end bit :- https://masterinvestor.co.uk/equities/morrisons-turnaround-leaves-leaner-meaner/

canard_, I have observed the SP bobbing in a range and "instinct" says I should try and trade this each time for the 3p or so rise. I know some who would and are probably much better at it than me. I too didn't sell either as I expect that in the longer term things will get better and that the SP will follow. Had I known, I too would have sold to buy back in cheaper but I didn't know. Shares do move quite quickly at times and by large amounts, like the recent spike down and this could reverse with a good trading statement but at the moment sentiment has been negative but not enough to make me want to buy more. Remember a market wobble could see a 30% dip everywhere so needs to be factored in to your risk appetite. On a positive note its a nice divi! Just seen Magic Mike on TV talking Queenys fave SPD, I like the fact he is not a media PR person and says this is how it is.

http://www.bbc.co.uk/news/business-37403368 Not too sure if this will really work unless they stop water companies selling directly to consumers. Then set up intermediaries to buy from them wholesale and sell it on to the public. The intermediaries will have costs and need a wedge of profit (or why bother) and everyone will want to buy cheap water from the Lake District and none from those expensive London Reservoirs. I might invest in Nation Water Grid though!

cost cutting and Job losses being reported in the Telegraph. http://www.telegraph.co.uk/business/2016/09/18/rolls-royce-to-lose-200-managers-as-cost-cutting-continues/ Shareholders should see full benefit by end of 2017 so 2018 then. SP up 2% is that the market or this news

Been in CLLN a wee while collecting those nice, nearly 8%, divis. Management are good and I have been impressed with them. 20% shorts that I'm not sure that I really understand. SP rises n falls (dont they all) so if you pick the right moment and aim to compound divis, it seems to work for me. It also adds to some diversity from Debs. Better than the bank maybe but as safe??? Food processor box a bit bigger than I expected so off to open that, delayed getting back until the early hours so sleep and food (to go in the processor) needs to be caught up on. Debs gapped up on the open does that mean she will be back at some point? Maybe I should be asking Midway. Dierich ask to borrow some money, then you will see who your real friends are!

canard_ -" However, I'm now regretting not having exited last week at 64. Wonder when we'll see that again? Well I suspect if the next trading update is positive we might see it around Christmas time. The expectations for Debs seem quite low. Although with a low SP any bad news might see a significant sink in the price. As for not selling at 64, Why didnt you sell? What were your thoughts at the time? Greed but now your in the Fear mode! Hindsight trading is always better than real life.

I wonder if the Ruskies will hack the bank and publish Wiggo's and Froomies bank statements!

They did update the actual surplus, £125M comes to mind but I have slept since then so my memory could be wrong. Still I suspect they might have to pay a tad more in as rates are still falling but its a better starting point. They also bought more freeholds too. I donk know the make up of the others worldwide holdings or just in the uk for that matter. Maybe someone else has that to hand or a corrected surplus if I got it wrong.

Suf- "Really don't understand why Investors buy low Dividend paying stocks of below 5 % say hoping and praying it will rise in a few years" Well it depends which low yielders you pick. I suspect summat like ULVR, which like HSBA pays out quarterly would come out quite well if they were matched against each other. Over time that low yield increases every year and then it becomes more of a medium paying share and if you wait long enough that return will represent double figures and capital appreciation to boot. I wish I had put more of my bank shares there instead! I will let you look at the charts to find ulvr's weak points which may make me out to be forked tongued but buster might have been a golden eagle had you gone the other way. Still, compounding high yields is also worth doing just in case there is a BP moment and it poisons all its customers!

QE, yes I did say that! One of the brokers has an option where they will buy and sell automatically and you put in the range, I would have been quids in if I had set it up. Maybe I should set myself up a trading fund to play with. As for the yes vote the new Scottish money might have devalued so much that the oil revenue in US$ would have covered everything anyway, swings and roundabouts! but I take your point.I hope you are right about the JL sales moving to debs. Think your pizza base might become a flat bread atm but lets hope its not like me, solid, ta rbrand

It will be interesting to see how market share works out for asda. They were looking more for margin but share has fallen so now are targeting it instead. Its a race to the bottom atm in a deflationary environment. The discounters adding more shops uk wide but that will slow at some point. Population is growing, 300k a year arriving here in the uk so there is room for some growth somewhere. Tesco is the opposition but as I hold them to Im not sure I want Morrisions nicking their bisney as my Tesco shares are not doing great atm but hopefully we are getting close to a turnaround here too. S4K - you do come across as a disgruntled employee rightly or wrongly. Maybe you can share some of these disgusting things but just think you could be working for BHS! Not sure I agree with you regarding putting the customer first, it should be that way after all its why they can afford to pay you something anyway. The competition doing better err no see above ref my Tesco shares. Your last sentence gives me even more hope as it looks like even more improvements can be made to improve an improving bisney but I am on the other side of the coin

rbrand, Im assuming you are not attributing me to the undervalued comment although I have said things about him on this bb after he got involved with debs. Maybe those comments could be taken as negative or positive depending from which end you come from. He is unorthodox, which I see as a strength and always looks out of the box. I would love to see him run for office as he would certainly shake a few trees. Marmite might be another way to describe him. Midway, your low was breached although she ended up on the day. What does all that mean ..... I think I'd have more chance of figuring out what magic mike is up too. She off a tad this am and Friday end always seems a bit different anyway. I will console myself next week with some cake as the food processor has arrived and has been rescued from the garden, looks like I owe someone else a slice of cake too.

FroggyWood :"that the worst is behind us and that we can concentrate on the more important things like regaining market share" Well I dont mind a lower market share if the offset is higher profit and bigger dividends. Why hold onto stores that loose money even if they give a bigger market share? I could sell £10 notes for a fiver and my market share would be 100 percent ..... well until it went to zero abruptly. I do agree that MRW has some particular positives such as being a manufacturer, owning majority of stores etc. There might even be more to come if the deals they are looking at come off. Market share can wait a bit longer for me and it is going to fall further yet they said so themselves, plus more stores closing soon.

Some nice improved metrics reported today Jimbo and a rise in the (rebased) divi to boot. Not much not to like