Member Info for Grayling

Bridgedogg1. I have neither the time or inclination to trade (day or otherwise). As I stated in my post I am looking for long-term investment opportunities that will be viable long after I retire. UKOG (and Sirius Minerals) were two shares I looked at. I hold long term (8+ year) positions in BP and RDSB and both have served me very well due to steady capital growth and compounding by reinvesting the dividends. I may still invest in UKOG (and Sirius) at some point if they show real potential to produce and start to grow. In the meantime I am looking at other possible investments (UKW being one) or adding to my existing positions in the big oilers.

I first looked in at UKOG after reading that it was one of the most highly traded UK stocks despite its small size. That was way back in early April and the SP was then 1.125p. Obviously the company has a loyal following and I was struck by comments on here such as " I would not like to be out of UKOG over the coming weekend". Mmmmm. Well here we are a quarter of a year later and the price is .....0.925p, a decline of about 18%. I do not trade shares but I do take positions for the long term and at present I see no compelling reason to tie up cash in UKOG when it can be earning me consistent and solid gains elsewhere in this sector.

Just another example of the prevailing ethos in the state-run banks immediately after the financial crisis. In the USA similar cases led to heavy fines and the payment of compensation to victims. No laughing matter I am afraid certainly not if you were one of the victims of an impromptu repossession. As for LLoyds, they may not be the only villains here but statements from such as "LLoyds recognise the impact that repossessing a home can have on our customers and are fully committed to doing everything reasonably possible to support mortgage customers in financial difficulty." may turn out to have a hollow ring.

Keep an eye on the short positions as someone could be selling freshly borrowed shares into a rising market. Notifications of new positions can take a few days to be logged.

increased their short position in Royal Mail Group by 0.02% on the 25th of June. We now stand at 3.04% short interest.

is a bit flat in both civil and military aviation plays at the moment what with Boeing's travails, the USA-China trade spat and an element of doubt creeping in over the future of UK arms sales. I suppose one also has to factor in political uncertainty in the UK as well.

fund reiterates it support (25th June) for retaining PHNX within its portfolio stating "Phoenix Group Holdings reported strong growth in profits with the business beating expectations for both cash flow and capital generation. This life assurance company is delivering on its strategic priorities, having completed the acquisition of the Standard Life Assurance business."

Obvious benefits to CNA in that they do not have to find the cash to pay the dividend but simply issue shares to that value and dilute existing shareholders accordingly. Not a great approach but widely done. As for those who elect to take their dividend this way the price is set over a 5 day average back when the shares go ex dividend to there is a premium paid in this instance due to the recent slide in the price. Offsetting that there are no dealing costs to pay if you are intending to reinvest anyway but how attractive this is will depend on how you normally purchase shares and what your broker charges you.

I can find no trace of a recent broker downgrade by Citigroup? Where did this information come from?

Pictet asset management have increased their short position in RMG by 0.13% to 0.86%. This has only just shown up on Short Interest Tracker as I checked this am and we were still at 2.89% now up to 3.02%. Shares were borrowed on Friday the 21st .

This was posted yesterday " Plans to redevelop a former Royal Mail depot into nearly 900 homes has taken a step forward.
The Nine Elms site was last week sold to real estate companies Henderson Park and Greystar for £101 million, which intend to develop into an 894-home Build to Rent (BTR) scheme. I am a tad confused as no RNS from RMG on this. However they did announce the sale of a 0.9 acre plot at Nine-Elms to Galliard Homes for only £22M in an RNS dated back in Feb. Anyone know what is occurring?

Well on the bright side if the slide continues our dividends will buy an awful lot of CNA shares come the 27th!

I see that the new 9 seater electric commuter plane the "Alice" by Eviation hit the stands at the Paris air show with 200 firm orders and a projected service entry in 2021. The plane is powered by three Siemens 260 kW (350 hp) electric motors coupled with Honeywell avionics. Rolls Royce just bought Siemens’ electric aeroplane start-up for an undisclosed sum. Based in Germany and Hungary, it employs around 180 specialist electrical designers and engineers. Nice to see RR getting in early on this emerging tech.

tomorrow........Chin Chin :-)

Royal Mail suffered a similar fate, off 2.9% after HSBC cut it to Hold from Buy.

BJ
''I still maintain the whole thing is a waste of time '' Sorry but simple mathematics says you are wrong. Plus algo's or not the average PI selling a small parcel of shares in never going to know who bought them in the open market.

Groover, The buyback is done on the open market and there will always be sellers of the stock such that Lloy can buy the number they target. Nobody "participates" as such as you have no idea who the counterparty in any share transaction actually is. If you are not offering your shares for sale through a broker then by definition you are not "participating" in it. If you do decide to sell then it could be the the brokers acting for Lloyds are the buying counterparty ,but you will never know if that was the case.

It may have happened on the 3/6 Redceo but it was not public information until mid morning today . I checked the Short Interest Tracker site first thing this am and it was still showing 3.14% as is the RMG short positions tracker on the LSE dashboard as of now. There is always a delay between reporting a change and it showing up on the sites that post the info.

At least Lloyds are cancelling the shares they buy back instead of placing them in "treasury" so that they can be doled out to senior staff at a later date as part of staff incentive schemes (not that our glorious leader would need any further "incentivisation!)

To L & G "Joel Griffin, head of global pensions & benefits at Rolls-Royce, said: "This agreement will result in increased security for Rolls-Royce pensioners and reduced risk for our business."
Good news and part of an ongoing trend by FTSE100 Co's to limit pension liabilities going forward.