Member Info for JohnLewis79

Cash in hand...but not risking it in these manic mrkts where Co metrics mean sfa! I'm off to Crockfords for sure will have a lot more fun punting on red or black a lot better odds than spunking money in O...lies.

Oil down, global mrkts down, commodities down, art prices down, property down, stamps down....eff me even Gold down whatever happened to safe havens?.....

$100 oil?

Is this blood on the streets...or worse to come? I have begged borrowed and....to re buy 4k at this low level.....pulling the trigger is the problem as I know few if any get in at lows. I'll wait...I'm not that much bothered if i miss 10 on the upside to escape 10 on the downside. Watch and wait.

Spreading risk eh H? Heh heh heh! Gluck.

Ooops net debt $2.4bn....

Blimey H...whaddya know? PMO debt/Cap ratio of over 70% and c.£2.75bn in debt.. what's the attraction?

H...bottom line 'value will always out'.....I have never bought into that adage. Why should it always 'Out'? For instance say an offer was made for G at 300 (110 above current) would that be value given nav at £1.2bn or c.425pps? Pretty sure many pis would jump at the chance to get out, leaving 125+ for the acquirer. As ever if your horizons are looong term fair enough. Not sure what the average holding period for G is but at a guess 6-12 months? That would be considered short term.

According to You Gov 75% of the public think the Govt are doing a bad job on Brexit. On the deal 51% oppose it while just 15% support it. However this hides the strength of disapproval as just 2% say they strongly support the proposal while 30% strongly oppose. Even after the withdrawal Agreements key features were explained the deal 'polls' awfully. Twice as many leave voters consider it 'not good for Britain' as 'good' for Britain. Finally imo Teacher has never fully understood the ref result. It was never about what the policy should be but....who should decide what policy should be. Enuff I hear you cry!! I'm pretty Brexiteered out!!

Agree Diamond Dave has much to answer for but the seeds for our current turmoil were sewn years ago. Shame really as I rated DC mainly for him running rings round GB at PMQs. His 1/10 on shot got beat. I suppose he felt let down by the electorate and felt morally obliged to resign.....or just had the pox with the job? I'll have to read his autobio if he ever gets it finished.

Fair point boyo...I got carried away. We are leaving. Parliament can do little about that but not on the terms I voted for. Mays proposal while exiting us from the EU Still ties us up on several fronts (customs union) & especially the Irish question. I said before Tory PMs from Thatcher days have had fractious relations with Europe. Little doubt it will be signed off by all the 27 on Sunday then make its way to a 'free' vote in Parliament in early Dec.

US markets closed for Thanksgiving. Will reopen today, called 45 higher. With a week to go in Nov the Dow is down 650, Nsdq -338 and the 500 off 62. Another poor day in London the 100 almost wiping out yesterdays gain (100). The ftse closed down 90 at (6960) the 250 fell 55 (18530) & the All off 42 (3816). Sterling ticked up on Mays Brexit proposals. Centricas profit warning, dividend doubts and the loss of 370k bill payers, helped the mrkt south. Shares fell 13 to 132 near 10% fall. Miners were 'on offer' Fresnillo the top faller down 12 to 802 and Johnson Mathey fell 94 on profit taking. Majestic Wine off 52 (14%) on H/Y losses and gloomy outlook and intends to spend some £8m stockpiling wine ahead of any Dover 'fugazis'. Y/E forecasts are at best expected flat. GVC which took over Sadbrokes added 16 (791) on acquisition news. GVC a poor performer ytd is down over 200 from July highs mainly on the FOBS going to 20p a spin, further regulation & an estate of betting shops which will suffer over the 'crack cocaine' machine income being hammered and consequently job losses. Sads betting shops, places of despair (run down & gloomy) were never the best fit for an internet bookie like GVC. In my High st we had 4 now one left. Among oils BP are hoping to up production from the North Sea (Clair Ridge) by 120kbopd. Italian budget rows trumps Brexit news for a change as the EU said it would discipline the Italian Govt for its planned budget deficit. The DAX was down 81 & CAC off 31 both c.1%. In Asia mrkts were mixed TK added 140, HK fell 78 and SH down 43. With no lead from the Street local factors dominated trading. Beer & banks in TK, Wireless in HK and big caps in Shanghai. The nos: Oil $ 61.94. Gold $1229. Coin $ 4174. £$ 1.288. £€ 1.128. $/Y 6.939. Vix 21. FF +7. Morning all.

Yes Hasiba, a sad lack of PM material in the Tory ranks. I can't have Diddy Davis whose brain was not up to dealing with the Euro bureaucrats, JRM for his botched effort on the letters nonsense which leaves Boris. Perhaps the best of an average intake of MPs. Much liked in the squires but not trusted by fellow MPs following his unsuccessful stint as Foreign Secretary & his general bolshie attitude. The Brexiteers have proved amateurish, unable to campaign for a clear alternative when vote leave was wound down, Gove finishing Boris's chance and the remainers seized the upper hand. At least Boris would tell Barnier and crew to do one however selling a no deal in Parliament looks a forlorn hope which would leave his hands tied. Teachers deal is a non starter and looks like being defeated which would leave us up ***t0 creek. Attempting to renegotiate another deal would not be entertained by the EU. So if Teachs deal is out, a no deal out, is another people's vote a possibility? Somehow the impasse has to be broken to deliver the will of the people else we will end up with a Corbin Govt intent on ditching Trident, expropriating private property, allowed anti semitism to fester in his party and bankrupt the country by borrowing billions and goodness knows what else. The damage would be irreparable. The hard lesson from that scenario is that politics is rigged in favour of the powerful. Voting just a sham an opium for the masses if you will to be diregarded by the political elite who will do what suits them. If at the end of the day leaving the EU is railroaded by elected MPs our very democracy would be dead and buried.

Teach getting into a dreadful muddle at PMQs. Hopeless mumbling performance full of hums and ers and stutters. Losing even her most ardent supporters attempting to explain the 'backstop which was unintelligible.

The major potential you mention JFT has been apparant for a year or longer and lo & behold the re-rate took the stock to near 300 pre the trading update.. At which time it confirmed the progress the Co was having on many fronts, increasing barrelage, cash flows etc... As we know the mrkt didn't see it quite as we did and though the rise from 108 to 294 was too quick and likely not warranted the fall back of c.200 might be the correct level to start the rebuild of the Co value. I like yourself and other lths see value around this price should the OP track back to the $70 level. Anything less would severely impact '19 revenues unless increases in production North of 45k bopd were achieved to ameliorate the OP decline. We will have to wait on the F/Y nos and outlook so imo its probably best to practice some 'masterly inactivity' until the view is a lot clearer. Iran looks like finding alternate routes to selling their oil and might even escape a freeze out from international currency mrkts. Not Trumps finest hour in dealing with the Mullahs though by happenstance he has his wish of lower prices. Not sure what the US shalers make of all this but I doubt they are much amused to see oil at $62-63 and the Kingdom certainly are not with Aramco stuck in the stalls.

Well my decision not to buy back in at 250/220/& 205 looks remarkably prescient for me. After Christmas / N.Year expenses I could rustle up a few k to buy back here if were still mired in the low 190's....and that's a big 'if' Like Boyo I'm not confident that G has anything like the legs of last year given what i believe will be a much lower OP through '19. That's hardly a recomendation to buy is it?

I've checked some of the local hostelries around Belgravia & Mayfair but no sight of them. Should I try daarn the Old Kent Rd me ol' mucker? Could be more the bods manor.

Has signed in principle a draft withdrawal agreement / political declaration for the UK to continue to stay tied to Europe via the 'shared' customs union from which we may never be able to exit without EU agreement. Don't sound much like leaving Europe lock stock & barrel. Teach continues to flog a dead horse in front of the TV cameras shortly.

Market likes latest Teacher Eurohug...ftse off 65 from down 106...well they would wouldn't they?

I'm with you on that hasiba. But I worry over the resoluteness of the Brexiteers in Parliament who 'talk a good game' but likely cave in at the death. Not executing a complete uncoupling from Europe as demanded by the country would have serious consequences for democracy imo. Teacher is imo conspiring to deny if not to delay the will of the people. However hard she tries to fudge the issue, move a comma or full stop the electorate won't be fooled. She should go for dereliction of duty for starters! Odds are she will cling on aided by the jobsworth MPs self interest.... above all else.