Member Info for gilesfitzh

Although my report of the AGM was taken as negative, mainly because the RCF was not immediately forthcoming, my sentiment has never wavered. IMO GS 'plays a straight bat' and news will come albeit not as quickly as we would all like.

I've bought 5 x 250k so far toady, 1.2125, 1.2, 1.2, 1.9, 1.9. Plenty of 'dry power' left :)

First do not close your moneybox ISA, transfer it. Bed & ISA is, afaik, the cheapest way to transfer between ordinary share account and ISA.

Any idea at what price they are short?

You think they are short?

Ophidian. What do you think the MMs share position is atm?

Well I just bought 250k shares at 1.2125 and the MMs raised the offer to 1.2750 immediately :) If they mess about with the sp I'm here waiting to take advantage.

I hope none of you have airlines in your portfolios. Thanks to Trump there is absolute carnage coming to this sector. Some of the bigger European airlines have huge fixed overheads. If air travel is virtually nil for a period of time how can they survive?

For at least a couple of weeks now, no idea why.

Actual spread atm is 1.625 - 1.77 for upto 250k shares

Quoted 1.62 - 1.79 for 100k shares @ 08.02 by iDealing.com.

If you give a sell order a few minutes after the open when the rest of the world is in a panic, the FTSE is 8% down and for 3x the standard market size you will not get a good price. The first couple of sells today were 10% below Fridays so a price monitoring is triggered.

I'm sorry to say that I think this is just the start. Government bonds the world over are being bought in panic. Russia's economy can handle lower oil prices so they're not going along with Opec's proposed reduction in production so it will either have to be abandoned or the Saudis will have to take up the slack. We're going to witness the downside of computer controlled momentum stock trading which is going to exaggerate the swings causing further panic. Worst of all the the moronic behaviour of 'the general public' who don't appear to listen to the advice being constantly given. 36% of Americans won't now buy Corona beer because "well it's got Corona in it's name" ffs. Chinese restaurants are seeing a sharp reduction in customers because "well they're Chinese". Having said that Trump's promise of 1 million test packages in a week is apparently a physical impossibility and our Health Minister's claim that the Government are talking to the Supermarkets about making sure shelves are filled was an outright fib. If people stop eating out, going to the gym, going on holiday, generally mixing with other people the economy of every country is going to be affected far more adversly than anyone has yet suggested and frankly interest rates are so low already that there's no help there. Will there be another massive round of QE? On the plus side for us in the UK, our Health Service is nationwide and all part of the same organisation so if one hospital is overwhelmed the others nearby help out automatically, not so in countries with private health systems. Even so if it gets really bad there aren't going to be enough ICU beds so best not to be old with existing medical problems. Oh crap, I'm 66 and have had pneumonia several times - time to stop visiting this BB where some of you might be infected :)

Remember that GS told us that he had done all he could with regards the RCF and that it is with the 'lender' (maybe Blackstone) and going through various committees? Have you been watching the news recently? What do you think the priorities of huge asset managers are at the moment? US 10 year yield is below 1% for the first time EVER. Oil is below $45/barrel and, if Russia don't fall in with Opec+ the downside is supposed to be $7. The FTSE100 is back to where it was mid 2016. Airlines, Cruise ship companies and other travel related business are being hammered. Bank's future earnings at low interest levels are questionable. Do you think that senior asset managers might be just a bit too busy to make ALGW their top priority? Added to all this travel and meetings are likely to be curtailed as a precaution by big companies, HSBC and Microsoft have reported staff infected. Be patient, ALGW is non-correlated to the financial events of the world and this crisis in the financial sector can only encourage future investment in the LS sector which will benefit ALGW. The RCF and other revenue streams will be put in place and the sp will rise to reflect that and more.

There are groups that believe that Elvis is alive and that the Americans faked the moon landings. Doesn't make it true :)

Haha Ophidian. Can you imagine the man hours they would have to dedicate to reading BBs and the amount of **** they'd have to wade through :) Not a chance.

That was for 250000 shares via iDealing.com

I'm quoted 1.91 - 2.08

@Jakir761341. Where does that mention w/c 9/3 confirmed by management?

Twitter post by whom?