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2023 Doomsday Clock Statement
A time of unprecedented danger: it is 90 seconds to midnight
This year, the Science and Security Board of the Bulletin of the Atomic Scientists moves the hands of the Doomsday Clock forward, largely (though not exclusively) because of the mounting dangers of the war in Ukraine. The Clock now stands at 90 seconds to midnight—the closest to global catastrophe it has ever been.
https://thebulletin.org/doomsday-clock/current-time/
The stock is now suspended trapping the remaining lobsters in the pot, those too slow and stupid to get out when they had the chance and are now doomed & destined for the dinner table.
"Storm in a teacup. It will be forgotten very soon by the market imo"
Hmm, I don't think so myself. More heads may roll at NatWest before long - I would say more likely than not. I think NatWest made a grave error, yes grave, going after quite possibly the last person in the world you want to get on the wrong side of. The man is an absolute Pitbull when it comes to taking on bullies in positions of power and injustices. I know a lot on the left despise him, but he's hugely popular and respected by those on the right. Public support for him over this is huge (and not just those on the right either). I think NatWest is in deep doo-doos over this and could face huge public backlash. A falling share price is probably the least of their concerns right now, imo.
If the conflict was to end, this would be over £10 in a heartbeat. Unfortunately with American supplied cluster munitions now in use by Zelenskyy's regime, the crisis is deepening if anything. Has the world ever been closer to WW3/nuclear armageddon than we are right now? And yet warmonger Joe Biden and his NATO chums continue to provoke the situation at every opportunity, seemingly oblivious to the danger - or maybe depopulating the world by a billion or so people is all part of the WEF plan to save the planet? The markets are surprisingly calm considering the gravity of the situation. Of course if things do take a dire turn for the worse and NATO finds itself in direct military confrontation with Russia, depressed share prices will be the least of our problems. The only small slither of hope is if Trump manages to get re-elected in 2024, but to do that he's going to have to beat massive election fraud as seen in 2020, a seemingly impossible task in what's become a corrupt country.
Irrelevant that it's "still the highest in the G7"
It's heading in the right direction and FTSE futures are up quite a bit this morning as a result
https://uk.investing.com/indices/uk-100-futures
Possible reason for strong finish 👇
"European stock markets ended the day cautiously higher on Tuesday, as investors focused on earnings and U.S. data"
"Meanwhile, across the Atlantic, it's a big earnings day, with Bank of America, Bank of New York Mellon and Morgan Stanley earnings all exceeding expectations"
https://www.cnbc.com/2023/07/18/european-markets-open-to-close-ftse-100-cac-40-dax.html
This should be in the 50-60p range at the very least. Inflation is rapidly cooling in the US and it won't be long before it does here too. A new bull market can't be far away.
"it would be foolish to rule out a staggering rise for the ASOS share price in the months to come, as the enterprise’s headwinds begin to dissipate. Falling inflation should ease pressures on households which should encourage more spending — and that’s been evident in the latest results from peers NEXT, ABF, and H&M. As such, ASOS shares may be worth taking a risk on with a small position given their tremendous upside potential"
https://investingreviews.co.uk/news/asos-share-price-down-95-shopping/
It's chicken feed money to L&G. Won't effect the share price at all.
I hope Curry's doesn't go the same way as Comet. We use our local Curry's quite a lot, would hate to see it disappear.
"They take over other companies and they have to take on debt to do this"
A strategy that worked well for Cineworld.
Eduardo Acuna, who runs Cinepolis in the Americas, has been identified as a candidate to run Cineworld when it emerges from bankruptcy proceedings
https://news.sky.com/story/cinepolis-executive-acuna-screened-for-top-cineworld-job-12914360
"in this game for 1 person to win another has to lose"
Mooky is of course the big winner. I expect he's down the Ferrari dealership as we speak. While the long term holders are left eating Tesco value baked beans on toast. Unfortunately none of you can say you didn't have the opportunity to get out at a much higher price. The "trolls" were right all along, if only you'd listened to them instead of attacking them you wouldn't be in this situation.
The UK is a tiny island 40x smaller than Canada but with twice the population. Tens of thousands of illegal migrants continue to pour into the country each year, on top of the tens of thousands of legal migrants. Add to that our population is booming out of control with many households having large families. Add to that there is already a massive housing shortage and apart from ripping up the remaining countryside, we'll probably never have anywhere near enough housing to cope with our population. Add all this up and the likelihood is house prices in the UK are never going to stay down for long, infact they'll almost certainly begin rising again before long. When we see dire predictions around the world about property prices, the UK is somewhat immune because unlike other countries space is at a premium and that's always going to help keep prices high. Any downturn in the housing market will be short-lived.
I would say MMs have little choice but to take this up. It's in oversold territory and any positivity in the upcoming trading update in July could send this to around 50p in no time.
There's no reason to believe the market is skeptical about the nav. You're the one making that connection. A low share price isn't evidence of skeptism around the company's figures. It isn't evidence of anything. Many shares are currently at or near historical lows right now. And it's due mainly to the general climate - emerging from covid, inflation, interest rates, the war in Ukraine etc.
Nav = total assets - total liabilities
Nav per share is 96p
Shares in issue = 660,400,000
Shares in issue X nav per share = £634m NAV
Put another way, total assets is around £634m more than total debt. And yet market cap is just £180m
Nav is around 3.5 times greater than market cap
BRITISH brewer and pub owner Marston's plans to tie up with Carlsberg UK to create a joint venture worth £780million.
Marston's own 40% of the joint venture which would be around £312m
Property value stated recently as £2.1 billion, representing an increase of £93.4 million
All that versus a market cap of just £179m - whichever way you look at it, 28p a share is massively undervalued. This should be north of £1
https://www.thesun.co.uk/money/11686551/marstons-merge-carlsberg-780-million-deal/
It can still be taken as a vote of confidence in the company that an insider is buying. There are no laws against insiders buying stock in their own company as long as they notify the market within 2 days of the transaction, usually an RNS.
Barchild "WRT the mcap & brewery valuation, to most peoples minds is the valuation of the freehold estate fair or not"
Sorry but that's complete nonsense. Mcap is never a reliable valuation of a company. Anyone who knows anything about investment would tell you that. You lost some respect points there my friend. Mcap is perhaps the least reliable indicator of what a company is worth - "in the short term, the market is a voting machine, in the long run it is a weighing machine" - Ben Graham. You don't value a company judging by sentiment/how the market is reacting to the stock. The intelligent investor is quite a complex book to read (I have a copy) but I can assure you nowhere in that book does buffett or graham advise taking mcap as a reliable indicator of what the company is worth - complete the opposite infact. The advise is that the best opportunities are often taking advantage of market valuations that have become detached from reality, oversold, unloved stocks that are way cheaper than what the true value suggests.