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Beo1 - Agree with LWHL, booking some profits is frequently shrewd, but personally, I'm a very poor judge when it comes to the 'Can I be bothered?' factor. May I ask, what sort of lump sum, rather than a percentage, do you feel it's worth the legwork?
Also, any prospective American buyer will have to take a view on the currency factor. A bit like with physical gold, I think we might visit $2400 at some point in this year, but I have much less confidence in predicting the exchange rate. Will a new government be bullish or bearish for GBP? I can make a case either way...
Thanks for the headsup!
Desertsands -Very pleased to hear your good news - will raise a glass to you later! (I'm meeting a very old friend who's flying in from Los Angeles, I hope he's 'flying the flag'!)
I'm still slightly under water here, but when airlines started to pick-up, instead of averaging down heavily on IAG, I opened a position with EZJ, so overall my airline stocks (including RYA) are doing quite well.
I'm now keeping an eye on AIRA. I know I'm a glutton for punishment, but I think its fundamentals, particularly with respect to Russia's future, look promising...
'HydrogenOne Capital Growth plc' - Anyone else agree that the company name is misleading? ;)
What will it take to change the sentiment here, other than some fairly chunky interest rate cuts?
On a separate issue, my former wife gave birth to my beautiful twin daughters in Santa Monica in the late'80s. As is usual for twins, they were premature, by slightly over a month. From the moment her pregnancy was confirmed until my daughters were walking, the pre and post natal care was exemplary. Of course, it was stressed that breast milk is the ideal nutrition, but many mothers, especially with multiple births, with the best will in the world, struggle to produce sufficient milk. But new-born babies and especially pre-matures need nutrition, and if the mother is struggling, formula is pretty much the only option. My girls seemed to favour Enfamil, so that's what they lived on until they could tolerate cows' milk. My point is - infant formula is not breast milk. Everyone knows it's a compromise. It's down to the paediatric team to indicate and monitor its use, especially in compromised babies. If there is a case to answer, it should be focussed on the care protocols, not the highly researched and developed product which has undoubtedly saved millions of young lives over the decades.
Guird - You are quite right. American jurors absolutely love to 'stick it' to non-American companies who have the temerity to trade in their markets, failing to comprehend the contribution to their economy in terms of employment and taxes. As you mentioned, this was demonstrably the case regarding the treatment of BP. I was living in southern Alabama when the Deepwater Horizon event occurred , and my partner and I drove down to the gulf several times to see what was going on, over the course of a few months. In the early stages, there was a terrible smell, but not once did we actually see any oil on any of the beaches. However, the locals, with the backing of their representatives were having an absolute field day. They had political backing right up to the Oval Office, with Barrack Obama making some highly inflammatory comments. You wouldn't believe the number of businesses (tourism, restaurant, fishing) which were completely revamped on BP's coin, and then some. No-one would deny that BP screwed up royally (well actually their subcontractor, but..) and they did need to be held responsible - but the claims and litigation were distinctly anti-British.
Now with respect to Illinois, I think it has one of, if not the largest 'Irish' population outside of Ireland. When I worked in NYC, the IRA would hold fund-raising events right outside my office on Madison Avenue, with the support of both the average American office worker and the authorities. Americans' definition of terrorists is very flexible. The fact that the Illinois jury awarded more than double the plaintiff's claim speaks volumes. I'll leave this here...
Driftking27 - I think old FF is about as good at sums as he is with writing English...
"In this world of relentless chaos, I rely on a small group of “anchors” to keep me and THG steady. Iain is one such anchor".
This sentence is missing a couple of 'W's...
"I had to convince Iain that I wasn’t a mad man.."
It's your shareholders you need to convince, mate...
I wasn't expecting the s/p to be up over 6% - but I'm not complaining!