Member Info for JohnLewis79

FFS!! If I see teach coming out of No10 dressed like an Inuit, i'm gonna commit hari Kari or vote Labour.

Fair comment guys, there's always pro's and con's in any financial choice. You act on whats best for you.

So the bod finally decided to pay a dividend the first since the IPO. "Suits you sir?"
Er ..not me, paying more into the exchequeur does not appeal when a better option at nil cost was available, that of buying back G's cheap shares.

This has some identifiable benefits, for instance an extra buyer in the market.
Also for those still holding the advantage is fairly obvious: an increase in per share intrinsic value with every repurchase by the Co.
Obviously repurchases should be price sensitive, no sense in buying an overpriced stock as this is value destructive.
The question becomes does the bod consider Gs intrinsic worth to be less / more than the mrkt value?
in other words if the shares are bought below intrinsic value the remainder expierience an immediate gain in value. I Assume they do not believe this to be the case.

By paying a div which reduces are cash which could be more productively used in repurchases answers that question and I'm assuming the bod do not require cash to reduce debt or expand operations.

Another exception happens when a t/o target offers greater value than do the undervalued stock. So if so why pay out £40m+ to holders with no option for shares in lieu of cash?
Questions should be asked at the AGM.

While confusion and division reign among parliamentarians and the country the stock mrkt sails on regardless.
It's as if Brexit has become a side show, a spot of bother, a little local difficulty easily ignored.

Much as the mrkt prices G in the 'knackers' yard so their rose tinted view of Brexit is priced in the 'it'll be alright on the night'...
keep calm and carry on..
.... territory, up up 'n away lads!

Well I sure aint calm and if I had a chunk of 'spare' i'd be well short the ftse I can tell you. Among many concerns food prices have risen at the fastest rate in 6 years (BRC), overall food inflation hit 2.5pc up from 1.6pc in Feb.
Helen Dickinson CEO of the British Retail Consortium said Brexit was a big inflationary threat the equal of poor weather and commodity prices. She should know.

Finally rising inflation you woulda thunk was bad for mrkts, rising costs reduced purchasing power
etc...but seems not.

I got $69.79 atm.

Another piece of useless leadership by Teach ignoring the will of her class by keeping no deal off the table. It was said 14 cabinet ministers asked her to keep no deal on the table. She ignored them even though only 10 supported her 'soft Brexit' proposal.
By inviting Corbo who will insist on a customs union, a complete anathema to most Tories who say to leave the EU but cede control of our trade policy is a non starter. To boot Tom Watson said at the wk end that it would be inconceivable Labour would not commit to another Referendum in a general election.

Her cross party olive branch excludes the SNP, the new independents and the DUP hardly healing the rifts among MPs and the country.
Today MPs will push through a bill preventing Teach leaving the EU next Friday without a deal.

Breaking the 'logjam' is code for Teach to cave in on her no deal is better than a bad deal no 4.

The gutless Tories should have booted her out after the last election disaster. Had they done so we might have avoided this shambles.

$70 today?

WTF was all that about Teach? More bloody cans down the road? Talks with Jeremy? Gordon Bennett waffle waffle waffle!

FFS! Can't even pick a bloody runner! Ms Parfois withdrawn.

Oil holding $69...ftse called c 20 better at open.

Oil surged 2% on Mon with Brent touching $69 on tighter supplies for the best Q1 in nearly 10 years.
Brent ended up $1.43 ($69.01) after hitting $69.19 it's highest since Nov for a 27% rise Jan-Mar. G rose 13%.

Positive manuf data from China & US set the oil mrkt bulls alight as easing global economic tensions & production cuts from OPEC helped push supplies to a 4yr low in March.
Brent speculators raised long net positions by 13,400 contracts to 322,000 in wk to Mar 26 the highest level since Oct.

On the supply front booming US production has steadied as domestic output edged lower in Jan to 11.9m (bpd) with US rigs operating at their lowest level in nearly a year as OPEC output also fell by 280,000 bpd to 30.4m bpd (Feb) the lowest monthly rate since 2015.

Brent crude futures steady to June'19 at $69 are seen falling to $67.30 by Dec and lower thereafter.

Can see no reason to invest here anymore they have disappointed once to often for my liking. Lucky I had the good sense to get out higher up though my friend hung on. Will drift with lack of news, trades and interest. One of my bad picks despite awareness of the business and Africa region.

Well currency losses are what they are, hedged or not. They see a turnaround of sorts in H2 but advise holders caution in dealing in the Co shares. First time I've heard a board say that!

$68.19...

Bozos got some cheek slagging off Corbo
for changing his mind on the customs union proposal while its perfectly fine for him to volte-face on Teach's calamitous deal. No shame these jobsworths.

Don't say you have not been warned Cov...but has good ew chances if I have read the form right (2nd Midlands GN) and a sound stayer/jumper, well weighted. Fingers xxx.

JL 194
Boyo 211
IANAA 215
Without 218
Ocelot 220
DHC 225

Comeonvog, i Have an ante post bet at 40s (ew) on Ms Parfois now 33s for the GN. My last winner was Hedgehunter quite a few years ago, so a not impressive record kinda like my stock picking exploits...

Without, if shes a non runner, I'd have her put out to stud to do something bloody useful for a change!

England's oldest man was 111 yesterday and at times that's how I feel watching the Parliamentary merry- go-round in the Commons playpit. Yesterday we had the half full/half empty vote concocted to allow Teach another go at getting her deal over the line...more to follow no doubt.
While they know not what they do, G's share price has suffered commensurately, and i must ask are they aligned in anyway boyo, have you factored G's sp to the ying yang yong upheavals in the Commons?

Take March as a case in point, oil has risen c.$2.40,
barrelage no doubt has increased yet G is down 16p mtd (Gkp +26). That seems illogical but then it mostly is with G.
Friday's tend to be a down day for G's sp, last 4/5 have closed lower and true to form duly obliged.

Oil gained a tad at $67.82 and the 100 put on 40 putting investors in a better frame of mind than the numpties at the other place.
Either way it's another dispiriting performance by G, now c.31% off recent highs (8/18) oil down 11%
since G hit 290.
I shan't attempt to explain this cos I've no idea why and yet again holding G in the minus column, that's the only certainty I can explain, if I've got it, it's going south!

I see my lowball 198 just held on in a photo from m888 unlike Teachers deal which lost by 58.
She has run her course we need a new leader who believes in Brexit and can command & carry the party to an election win.

Trouble is who is that man or woman? Atm my vote is only indicative!

Q1 (wks 1-13) nos:

G +13%
Gkp +40%
Dno +53%
Bp +13%
Rdsb +4%
Pmo +41%
Tul +34%
350 OG +7%
Oil +25%.

Ftse +8%
All +8%
250 +9%
SC +5%
Aim +7%

DJ +11%
SP +13%
NS +16%
R2 + 14%

TK +6%
SH +24%
HK +12%

Gold +0.093%
Coin +10%
£$ +2%
£€ +4%
Vix -46%

Morning all