Member Info for JohnLewis79

Bloody hell I been here 3 hours and aint seen a horse yet. At least the beer is going down well at an astronomical price!
Better back a winner or two!
Here's a quiz for you racing fans. Since 1760 or whenever Ascot started which owner has had the most photo finishes?

Bloody hell I been here 3 hours and aint seen a horse yet. At least the beer is going down well at an astronomical price!
Better back a winner or two!
Here's a quiz for you racing fans. Since 1760 or whenever Ascot started which owner has had the most photo finishes?

G heading up should attract a little comment...bunks where art thou?

The rain has eased, had a bit on Romanised (ew) in the first...slurp slurp...gotta get out of this beer tent..

Where is everone this morning, I'm on my
way to Ascot, what's your excuse?

Vol c.80k...Ascot blues?

In UJOs case they have a c.17% stake. Shares 0.20p
with 10.8bn outstanding.

More wells will be drilled and the field could be considerably larger. Plus oil so I wouldn't say peanuts.

Three energy companies have struck gold by discovering probably the largest gas field near Hull.
Reabold Resources, UJO and Rathlin Energy said the field could contain some 189bn cubic ft of gas, roughly enough energy to power 3.4m homes for one year.
The find also contains 'significant liquids' which could be oil.
Stephen Williams co CEO of Reabold said " it's interesting it has taken a somewhat unconventional group of companies to find this". " It's a characteristic of the industry that larger companies tend to move in sync and attractive projects get left behind".

The news sent shares in Reabold & UJO up 35 & 37%. The initial well was drilled in 2014 but could not finance the second after the OP collapse and no interest among invstrs to put money into gas projects. The consortium will be talking to other parties who want to take the asset forward.

US stocks got off to a quiet start the Dow gaining 44 by midday. A surprising decline in manufacturing data the largest ever drop into negative territory, home building sentiment falling and railroad operators under the cosh. As did news that another 1000 US forces are heading to the ME over the Tanker attacks in the Gulf of Oman.
In a wk end tweet Chump warned invstrs they had better vote for him or else.
"If anyone but me takes over in 2020 there will be the mother of all stock mrkt crashes, the likes of which have never been seen before". Tweeting his book again!

Back in the real world stocks heading up were Sothebys (+60%) on news the auction house was being taken private by a French billionaire for $3.7bn, joining Christies in French hands.
Fbk(+3%) on its foray into crypto currencies and Netflix (+$11) both in the communications sector saw sp gains along with Apple, Exxon and Boeing topping the gainers on the big board.
On the trade front India has slapped $1.4bn surcharges on US imports in a tit for tat move as China talks have stalled ahead of the G20 meeting.

The Fed is expected to confirm at the two day session that the next move on rates will be down, probably in July. The 10yr T/Bill lost 0.7 basis points yielding 2.086%.
Stocks ended up sideways the Dow adding 23, 500 up 3 and techs put on 48. WTI lost 23c at $52.28.

Mixed in Asia, TK down 120 HK up 200 (Want Want holdings) led the mrkt & SH +2 with Pan Pacifics all ahead.
All eyes are on the Fed policy statement out on Wed. Powell will act on rates if he thinks Trumps trade policy threatens US
economy. Tariffs on Chinese imports are already hurting the American consumer. UK & Japan's Central Banks will also announce monetary policy decisions this wk.

The nos: Oil $ 60.96.
Gold $1344. Coin $9288.
Vix 15.3. £$ 1.252. € 1.115
MSCI 511. FF +6. DF -6.

Morning all.

.....before rocketing back up on said good news....
That, I will have to stick around for hydro.
I remember the big bounce upwards back in Jan '18 so I never say never.
Here's the thing, would you rather a 7-10 div or the sp back to where it was in April, 207p from memory?
Silly question I know but the div while nice to have if it buys you more than a decent meal and a fine claret, hardly compensates you for the 40p fall since the maiden div announcement. To be fair noone expected that. Now that G has joined the ranks of div payers has there been a rush to buy G because it returns 5%? Most likely not.

On fundamentals this share grossly undervalues the Co but since when has that been a factor and will it ever be? Most of us are hamstrung here now, well those with big holdings for sure so a rock'n a hard place for the summer at least.
How much pain can you stand and for how long?
Good luck hydro your committed so I hope you get your 'rocket' back up.

Take your points on divs Hasiba. It hasn't worked here has it? What has? Just because a Co pays out a div does not mean its a sound financial business. Some Cos pay divs hardly making a profit.
As in all things financial our priorities differ. I seek sp appreciation above all else assuming the nos warrant it and then start asking questions when it does not happen. Kinda like here.

It's very much a wait and see start to the wks trading across Asia. Fed rate news and China trade talks are the main mrkt concerns. TK is up 32, SH +2, SK off 5 and HK gaining 200 all towards the close.

The huge protests of recent days cont on Sunday however the mrkt has rallied somewhat and property and techs have led the Hang Seng higher as tension has eased markedly.

The nos: Oil $ 62.24.
Gold $1343. Coin $9211.
Vix 15.3. £$ 1.259. € 1.122
MSC1 512. FF +27. DF +80

Morning all.

Since when has G become a div paying stock in the eyes of investors, one you would buy for income? The minute you put G in this category the reason for buying an expo o...lie goes out the window. G aint BP or RDSB, nor should it be.
I never bght G on the expectation of income. I want capital appreciation...stuff the div.
The recent pay out (taxable) of course hardly makes up for the sp decline.
So if income is not your bag and your not been rewarded for hanging around...WTF are you here for....?

........Oh yes, you think Gs going to 250, 300, etc..., that's what I have been betting on in what seems like forever only to be mightily disappointed.

Whatever the nos say, even the most die hard longtermers must be on the brink of throwing in the towel. Would I recommend that?
Absolutely not! Mrkt sentiment can change in an instant, so far the mrkt has been looking elsewhere...you know where, highly indebted companies and those with miniscule production which have been flavour of the month and have been attracting loose money. That won't last.

Shorting and in out trading has been the strategy for years. I don't believe down here at 160 ish there is much scope to continue making money unless your an out'n out gambler oblivious to fundamentals. Then it's just a toss of the coin where the risks outweigh any reward and a turn is your only need, win / lose.

So, hand on heart how many G investors can say it's been a good investment over any but the best low entry point?
Not many imo! So why are we still here hoping for a miracle? Tbh i don't really
know. We cling to the hope & belief that things will turn out well... when it just ain't so. Talk about the good, bad and G!

I know sp performance is temporary and class (lth) is permanent. If you don't believe that, best go throw the dice at Crockfords. At least you'll win or lose quickly saving you the frustration and heartache of being stuck in the dog house.

Afternoon all.

Wk 24 saw London flat stemming the losses of late May early June. Brexit, China and now ME turmoil will be the mrkts concerns this summer.

Over the pond US stocks rose on the week though trimmed a touch on Friday on the tanker being holed and awaiting the next Fed
move on rates likely to be u/c.

Similar in Asia, up over the wk but HK & SH lost on Friday. All Asian mrkts are up ytd but have lost a lot of their early shine.

The nos: Oil $ 62.05.
Gold $1345. Coin $ 8642.
Vix 15.3. $ 1.259. € 1.122
MSC1 511.

G-3, (down ytd)
Gkp -2 (up ytd).
Dno -0.55% (up 22% ytd)
Oil $ 62.05 (15% up ytd)
350 OG 9145 (+8% ytd)

Morning all.

Prime, don't think anyone advised you to sell. 166 was the recent low and a good entry point short or long term but forget about 500 that's for the birds. I lowered my sp expectations to c.250 by YE and now think that was optimistic.

All blue on the street yesterday the Dow gained 102, the 500 added 12 and techs put on 44.
The attacks on 2 tankers in the Oman Gulf carrying refined petroleum and an explosion at a gas facility boosted oil and energy stocks (Exxon & Chevron up c.1%) with WTI trading at $52.28 & Brent $61.86.
Analysts say the impact will be short lived and the Strait is unlikely to be closed.
Around 20% of all oil traded by sea passes through the Strait. Last month there were 4 tanker attacks in the area.

With little news on China trade investors are re- focussing on the strong US economy. Import costs fell 0.3% last month, rising productivity and low unemployment have kept sentiment high on the home front. Job seekers rose to 222,000 slightly ahead of forecasts.

Mixed in Asia, TK slightly ahead with HK and SH off a touch. Little reaction to the tanker attacks or the spike in oil prices as US State Sec Pompeo blames Iran for the attacks and ratcheting up tension in the area, strongly denied by Iran.
The Gulf is over 1200 miles from G operations so hardly a worry unless the US & Iran come to blows. Now that would be very damaging (good points made by whitehat).

The nos: Oil $ 61.63 ($66.40 av Jan-May).
Gold $1351. Coin $8208.
Vix 15.8. $ 1.267. € 1.124.
MSCI 512. FF +14. DF +30.

Morning all.

Procrastination is the thief of time. But I totally get your hesitancy.

On the face if it averaging down appeals to many pis, buying more shares to lower your avc. Yet they tend to forget your simply adding to a losing position
thus increasing your losses.
It might well be cost effective but it could also lead to disaster if the stock does not recover leaving you with more shares in xyz than you initially wanted.
I papered one bedroom wall with useless stock certs in my blood thing!

Care should be taken when choosing which stock to avd, a ftse 100 is much preferred to an Aim tiddler for instance.
Most of us liked G at 250 so we should surely love G at 160, if only it was that simple.
I hope a swift turnaround for G sp is around the corner. I'm glad I didn't have £10k to drip feed into G, once bitten...
If your on the av downpath I wish you well. At current your never going to sell. Are you going to cont to buy?

Sliding oil prices hurt stocks yesterday the Dow off 44 (26005) / 500 lost 6 (2880) as Trumps grandstanding and HK protests cont to dog mrkts.
Oil supplies are c.8% higher than the 5 year average, WTI $51.14 and Brent slipped below $60.
Chevron down 0.80% and Exxon fell 1% on the losers board.

Asia is down on Wall St advices, TK -124, HK off 235 & SH up 3. Turmoil in HK where protestors and police clashed on fears of erosion of civil liberties saw 80 people injured in scuffles.

The nos: Oil $60.30.
Gold $1338. Coin $8140.
Vix 15.9. £$ 1.269. £€ 1.12
MSCI 512. FF -17. DF -55.

Morning all.