Member Info for JG68

The whole thing feels massively overdone.

OP downgrade from 760 to 700 million, and NA growth lower than expected has caused 25% of Mcap.

Profit still higher than last year, activist investors on the board, Phillip Jansen rumours a few months ago, probably a lot of US money invested and underwater, possibly JPMorgan trying to drive price lower for more money to jump in.

God help us if this update is poor, another 15-20% ???

JPMorgan must know / be expecting a bad update Thursday, first they placed on negative catalyst list, now price downgrade.

Really hope we don't get another guidance downgrade.

Yep totally agree, it's the one thing that annoys me more than anything.

John Dean never replies, I've even managed correspondence with Simon Callander legal council and Stephen Malthouse Headland to try and get a date. They at least respond.

Another thing that the business secretary stated this morning " there will no tax rises ie NI EMPLOYEE contributions for working people"

They don't respond when asked about employer contributions.

We could end up with increased costs for all businesses, plus additional taxes for certain sectors, and to cap it all off if Raynor has her way, guarantedd pay rises for all working people.

Who is going to invest in the UK with all of that.

I can just see a "Reeves crashes the economy moment" in markets on the budget.

More pay for workers, more tax for businesses, how is the economy going to grow etc

Plus a change to government borrowing guidelines, increased borrowing, increased debt to GDP, markets will crucify it!!!

It's making me want to derisk significantly in the next 2 weeks.

I wouldn't be surprised if some of the controversial policies are leaked in advance to gauge the markets reaction.

Which sectors are safe now, definitely not oil, gambling, banking , veterinary ( FCA ongoing) eg

This could be problematic.

https://www.theguardian.com/politics/2024/oct/11/labour-tax-gambling-firms-treasury-public-finances?CMP=share_btn_url

I'm periodically in touch with Stephen Malthouse from Headland, and he doesn't know the date either.

Before HY he was able to confirm the date the week before.

He's not even Mobico but at least has the courtesy to respond. Therefore I'm not expecting next week.

Falling with every trade, buy or sell

Death by a thousand cuts currently

Funny how we don't follow the Dow or Hang seng this morning.

I wouldn't want to be in US insurers tomorrow!!

Trisor

If she amends the borrowing criteria in order to borrow to invest etc, then who knows.

Isn't that sort of similar to what Liz Truss was suggesting, invest invest, growth growth.

Personally I actually think her ideas were the answer to this long term period of very limited growth here.

No Aimmaster, I've got one holding here.

Will only buy a trading tranche if it dropped sub 19, but short of Israel bombing Irans nukes , can't see that happening until 30th October, when Reeves crashes markets!!!

I'm still in Aimmaster but admittedly have derisked down to 200k shares LTH.

Mainly because zero trust in UK market / mms.

Whatever was holding this up yesterday has finished. Shame but looks like 19s more likely than 21s.

Never shorted Broomtree, goes against the whole idea of investment imo, I'm just ever sceptical of UK markets which are rudderless and run by charlatans. That's all.

Broomtree

Let's see if UK markets decide to follow Asia which is up, or US futures today because they're down.

My money is on the latter today eventually.

Funny how we choose to follow China markets rather than US markets when it suits.

Cheers Trenners.

Very strong on such a poor day

Weird, every trade 20.50, is that normal?