Im not saying withdrawal would be as economically devastating for uk as oil factor isnt as critical but it would have implications on growth if eu workers are withdrawn by their native countries and the negative effects on national credit ratings on interest rates.
I deal in fundementals not technicals although I fully appreciate the profitability of the technical approach.Alot of the drop is down to fear factor of a withdrawal from EU.In my opinion concessions will be made the referendum will be before October and a stay in result will lead to a bounceback in the stockmarket especially for financials.Currently bookmakers odds are roughly 2/9 for election this year and the same odds to stay in.Pulling out would have the same economic implications for us as the scots withdrawing from uk in previous ref which with oil prices as they are would have made them bankrupt!
Looks good to me from a fundemental/forecast basis,pe due to drop below 10 in next 12 months,peg 0.4 and eps growth forecast +30%.dividend disappointing at only 20% of eps but probably the right way to push upward growth.
Welcome back to the cave :)
Im really unlucky with lottery numbers so I wont add any.Dont forget to add a share to our tipster comp,got a feeling im last already with tullow!
Just relaxing last night a few whiskys and watching motorhead clips on youtube,the point is the tipster comp,the pleasure comes from the participation not a material prize at the end of it lol.We do three fantasy football competitions at work no prizes just the honour,prestige and reputation at stake!