Member Info for Gerry65

UK retail sales data for the month of May should be out tomorrow morning at 7.00 am.

When the April data was published last month on the 22nd May, it corresponded, with a weak day for the retail sector pretty much across the board.

Only one piece of data, and many other things may effect sentiment either way, tomorrow. Just saying.

G

I'd say there are worst places to put your money. It's a very competitive sector. However the latest set of figures look solid enough to me. Churn is low. Re financing has been completed. No need for any CCFF support. Div intact,and Roger Taylor continues to increase his holding.

G

Volcano - we know STOB have done the early equity raise. Which should provide its required ongoing funding.

For those Co's that have arranged additional CCFF funding to help them through the cashflow pressures presented by Covid 19. I'm guessing that there will be a requirement to immediately report dipping into the additional debt ?

Surely they should as I'd say it would be a reportable event by way of RNS, As opposed to waiting until their next trading report. Which could leave many pi's in the dark for a period time, as to just how much debt is being built up.

The CCFF support is temporary and has to be repaid from cashflow, or alternatively by other means.

G

Kept powder dry this morning.

You did well to get an early trade off with AVCT, its bouncing around this morning.

Got a decent holding in NG. so was thoughtful overnight, with their Yr End figures out this morning. Often an opportunity for a mark down in these difficult times, but it looks like I'm ok atm, so far so good, lol.

Going to wait to see the direction of travel. will check out US jobless numbers later.

G

Hi Volcano -any trade where you come out on top is good to go for me, lol.

I remember we had an investment club in an office where I worked, back in the early 80's, we used to put in monthly, as much as we could and that was the start in investing in the markets for me.

We are all at different stages of our lives, I remember in my 20's and 30's starting out and moving up the property ladder, starting a family, and trying to get enough put by for our annual hols. whilst keeping the car up to scratch. At that time it was about building up a cash buffer in the building Society, then anything left over went into "blue chip" shares.

So I get it when someone buys into a company with say £500 and looks to build on it over time, maybe monthly or when ever they can afford to add.

But you have the right of it for day trading, the higher the amount of the trade, the more flexibility you can create. When you take into consideration in and out dealing costs and stamp duty.

These are only rough figures, but say it's £12.50 a trade in and out ( some platforms may be cheaper ) and 0.5% stamp duty then :
£1K = £30 in costs = 3% - so you'd need say 6% movement min. in a day realistically
£5K = £50 in costs = 1%
£10K = £75 in costs = 0.75 %
£20K = £125 in costs = 0.625%
£25K = £150 in costs = 0.6 %

So at the higher levels even a penny here or a penny there creates a return. Day trades at £5K or less run the risk of getting locked in, At £10K and above with say a 2% + positive movement and it's an ok trade.

G

Yep has had its issues. For me I'm just looking for quick trades if I pick up a little bit, and I cover a month or two's council tax I'm happy.

Learnt with day trading- you got to put enough in to escape quickly. Look at the in and out costs - to find an escape price. If the trade is too small you can get trapped. Don't be too greedy - any profit is profit.

If it goes the wrong way don't be afraid to take a small loss. Tomorrow is another day, with more opportunities.

gla

G

Hi Volcano - i followed Roger Talyor's increase in his TALK holdings. In truth TALK has had a chequered history over recent years, but I thought it worth a punt - i'm not looking to hang around, competition is tough in that market.

I keep checking daily for flight info in and out of Southend.

G

its very much a case of trading the market on a day to day basis, with a weather eye on the challenges to many economies and businesses further down the line.

The Govt CCFF scheme has without doubt allowed companies a chance to get through the immediate damage to business from Covid 19 but the increased levels of borrowing still have to be repaid. Many UK companies will likely have to raise funds, to repaid the debt, if they find themselves unable to clear the borrowing through revenues. I guess they are hoping that they can do so at a time when their sp has risen a little. Shareholders need to be aware of this.

STOB like a number of others have raised cash early., not utilising the CCFF.

G

Volcano - got my 3% on SMDS pleased with that. Thought I'd do better on GRG this morning but took a small profit.

Thought 1.35 was achievable on EMG but Its not there yet so sitting and hoping it will push on during the morning.

Am still thoughtful, of re traces so have traded where if I have to hold for a day or so then I shouldn't lose too much sleep.

G

Volcano - some of those micro phramas we were trading a few weeks back on the back on Covid 19 research have continued their reverses today.

I moved away from them a little while back as some looked over heated and the bb's got a bit spikey, and feelings were running high..

Not looked in depth today but I suspect , it will be a war of words on one or two of them.

Am keeping an eye on Gold Co's being dragged down by the general market reverse. May be a couple of bargains coming up.

Not good across almost all sectors today.

G

Hi Volcano - looked at the early morning futures, and the market open - looked like a red day, so took the chance to have an early morning bike ride.

best of luck with your pc, I'll sit down and watch the US open on Bloomberg. We need to wait for more positive sentiment, before taking too many chances, on trades. Could be better opportunities later in the week.

G

Agreed Volcano, aiming for a bike ride, early doors. will look in lunch time.

I have no idea tech wise but I have a techie mate who normally sorts out ant issues i have.

G

Volcano - it would be great if all trading days were the same. Early morning pull down, to get in - then a lovely rise followed by a drop back in the afternoon.

Rinse and repeat day after day. Great to get a trading done early morning - makes the morning walk all the more enjoyable.

If only all trading days provided the same opportunities.

Have a relaxing weekend mate.

G

https://www.lse.co.uk/share-prices/sectors/retailers/

Retail sector up 2.70 % today as I type.

G

Hi Volcano - i did but I only picked up 6% - waited a few mins too long this morning - out and back to cash there.

I feel much happier trading with UK markets down at these levels, I feel the FTSE 100 looks a little warm as it moves towards the 6500 level.

from here - 6150 - 5 % range puts the FTSE 100 between 5850 ish - 6460 ish, and that's a range. That would be a lovely range for trading over the next say 3 - 6 months, buying in on dips and staying out when it gets a little warm.

G

Am sitting and watching atm Volcano, lets see how markets settle down in the next hour or so.

Could pick up a bargain or two today or i might get my fingers burnt lol.

Difficult to gauge the direction of travel. That may be clearer after the weekend.

G

Likely to be a nervous opening with the April GDP data.

Not a surprise, that its down but -20.4 % may rattle markets.

G

Morning all - looked back on last evenings posts to see 2 posters knocking Pockerchips, who in my experience has posted thoughtfully on various bb's across many sectors, for a number of years.

To me he is a highly respected poster, though on occasions I've sometimes taken a different view on a share or position, I've done so whilst taking his assessment into consideration. No one can agree with everything everyone posts as we are all human, and draw different conclusions from data and information, together with sentiment and timing.

But the attempt to disparage, his posts, were frankly dumb.

There are posters whose views are always worth considering, across these bb's, and he is one of them imv. There are one or two on here, who could do worse than follow him around different bb's and learn from the various discussions in which he involves himself.

Always dyor - but its also worth listening to respected posters, that's not to say you always have to agree with them, thst's an individual choice.

G

Adge - we both have an interest in CARD we can agree on that.

Our views on timings differ, as do how it has and will trade in H1.

You are in I feel there will be a window, later in the year. Shares will be very volatile, over coming months, we could both be right at various stages, of the coming weeks and month as to what buy in price provides good value, and when.

It's on my watch list. It may bounce back from its recent retrace, but if it does then likely so too will a number of others where i've traded many times before, where, the position is a little clearer and perhaps the risk / reward is more in my favour.

G

bonkers bert - got a balanced portfolio, including mix of solid FTSE100 shares They tend to manage themselves, with a smaller range of 250 and small caps

I've trade anywhere, for a profit though lol. been fun and games over on the micro phramas recently. Done a number of the smaller gold co's - AAZ and TSG, this year. I regularly go to the well on TLW, LGEN, AV. QLT and TPT but there are many others. Have a number of other favourites, we probably all do.

Adge - By Monday we'll have had 85 / 86 days of lock down which is 23 % of the year. By June end that will be up to 27.5 %. Then as CARD get more stores open in July - providing all goes well that will be 36 % of the year.

I'll make no predictions on H1 profits. But i'll recall your thoughts and we can chat them through in Sept.

Where do you see Bank debt by initially the interims and then at the end of Q3. Do you feel CARD will need the CCFF ?

G