Member Info for JohnLewis79

Indeed but Mr Market has been giving us many good opportunities to lose money here, in my case from the high 650s. Enough was enough for many of us most of whom have moved on to pastures new. What you say is true, what the mrkt says is more to the point. One lands up in hospital crossing swords with the 'collective' at best or Carey St at worst. Mine and others misfortune was to swallow the hype of the £10 IPO and in my case follow it down to 240 ish before throwing in the towel losing a bundle. Buyers sub 200 down to the low 60 have not fared too badly....ask Bunks....and thus have a different perspective on G their luck was good timing mine the opposite. Have to say this seems too good a price to be true and have begged stole and borrowed to buy back, perhaps today? We'll see.

Hi comeonvog....Me too.....damn nearly! I was thinking of buying 20k at c.10 from memory. I was dissuaded by one outspoken poster who seemed to know his onions. Glad I did, as there were some horror stories of pis losing many thousands. A near miss!

Let's hope they get more than a slap on the wrist and doing time in a seaside resort for crims. Afren shareholders face a tough task in recovering the est $45m looted from Co coffers into a secret Caribbean shell Co. The two pieces of work face separate legal battles with AlixPartners (Afrens administrators) who are chasing them for compensation. Afren at one time was worth $2bn+ before collapsing in 2015.

Those two pieces of work Osman Shahenshah and Shahid Ullah of Afren infamy got their comeuppance yesterday being found guilty of fraud and money laundering by a London jury. The two crooks concocted an elaborate fraud to siphon off millions living the high life in the Carribbean buying property and partying among like minded villains. The SFO said they absconded with over $17m after a shareholder revolt forced them to slash their ftse 100 compensation packages. The unauthorised payments proved fatal for Afren shareholders the Co going bust after a life saving refinancing was torpedoed leaving shareholders holding the baby.

Fancy buying 2 debt free o..lies with cash in bank going for the price of a pkt of chips? Well for just over £1bn you can have....drum roll please...Genel Energy & Gulf Keystone!! The low value of both will see predators circling once they have read the latest committee meeting reports and checked Health & Safety vol 10....might take some time! So....Where's WB when you need him? Why no buy backs? Why no MBO? Why no merger? What's DNO doing? Where's the bloody foresight? Sell G and return the cash to holders? Lots of options, so let's see some action. £565m for G for Gawds sake, bargain of the century or a pig in a poke? You decide.

Another duff day on the Dow gripped by sellers and few buyers the 30 headed lower from the bell. A small recovery was soon wiped out by the afternoon crowd, the session ending with the 30 off 608, the S&P down 85 and the Nsdq falling 329, c.12% this month. October has been a shocker, a real wake up call to investors, having flirted with 27000 the Dow has slumped 2275 (8%) since Oct 3 aided by poor nos from AT&T, Texas Instr, UPS & Gen Dynamics. Tesla reported a profit but fell in line with the mrkt losing $6 ($288) Microsoft, Disney, Caterpillar & UT all fell 5%+. With some 150 companies expected to report Q3 nos in the coming days investors are fearing the mrkts are heading for capitulation. The background of China, Italy, Fed rates, election jitters, stocks on their last legs, selling of growth into defensives & poor outlook into '19 have rolled into a perfect storm and from mrkts that could do no wrong, it's now mrkts that can do no right. With Oct closing on Wed there's little time for a bounce back yet many commentators are calling this an overdue correction and a normal state of affairs in this long bull run. Trouble is noone's listening as it costs you to do so. The Oct rout has seen all 2018 gains disappear its been a month off sell now and ask questions later. It's 3-2-1% falls in TK, HK & SH as global woes fixate investors and with Wall calling the tune others follow suit. Electronics and autos took the brunt of the selling.... investors in no mood to bottom fish. Earlier a weak £ helped the big exporters the 100 had been up 50+ but fell away on US news and poor miners taken lower by Fresnillo's lower guidance. The 100 closed up 8 (6963) all indexes in the black at close bar Aim which had to contend with YU losing 50% on an accounting slip up! Guess the auditor.....yes, KPMG of Carillion fame. The nos: Oil $75.75. Gold $ 1240. £$ 1.288. £€ 2.129. Coin $6429. Vix 25. FF -41 & DF -91. Morning all.

You could have caught that falling knife at 202-4 oilheadgame. You just have to buy on gut feelings, seems pointless to bemoan how undervalued, how much fcf we have etc...nobody is listening. This is now a sellers mrkt and pis are much more likely to sell on bad news than buy on good news. So good luck your bucking the trend and as long as your prepared for a long wait...well you might do okay but I'll wager your trying to front run a bid before the year is out.

Brexit/Italy/China/trade wars/ toppy mrkts etc..., nobody ever talks about the Euro single currency. Of course as we know it aint a single currency more like lots of intermingled currencies pegged at a single price, which inevitably will break up into pieces as what's good for one aint necessarily so for the other, see (Italy refusing Merkels hard budget talk). Remember the ERM which was a product designed to stabilise currencies ahead of the Euro and for the £ not to fluctuate by more than 6% against member currencies. Never worked and Britain quit in 1992. Should the Euro collapse what % would the Italian, Greek, etc.. Euros devalue to? Maybe 20%, 30% or more? Could be a bigger threat to the stability of Europe than the UK leaving. To think people thought we should ditch the pound which has served us for over 1000 years and is still the world's oldest currency still in use and around 3-5% of the world reserves are held in sterling. Doubt there is a man or woman who would swap our pound for the Euro.

Oil and G recovering in tandem...who'd a thunk it?

OP down a $ already this morning. ($75.59) a far cry from the $100 merchant cries. Anyone get a feeling oil aint going anywhere fast in a hurry?

Agreed there's "nowt so queer as folk" peoples motives for selling stocks in sure fire winners or Cos having a short term set'back has always baffled me. Not here of course as its been a one way St to Palookaville for yonks. In years past pis bought stocks and forgot about them....no longer. You have to take a profit or the mrkt will snatch it away. Market sentiment and the sleep well at night level play a huge part in pis dealings. I know I've been sleeping well of late! But that monkey on my shoulder egging me on to buy back in here is ever present. Its an addiction i can't get rid of.....

What happens to Govt coffers when petrol tax revenues are decimated by all of us driving electric cars in 10-20 years time? Will electricity prices rocket up as thousands charge their cars overnight? Perhaps we will no longer need cars but use a shared car waiting for hire in a lay-by nearby thus saving on petrol, repairs, road tax insurance etc... There's going to be a paradigm shift in people's attitudes to car ownership, mainly one of cost! Think how much richer you will be by not having a car depreciating by the day and all the associated costs. Not good for oil or Govt revs so no doubt electric cars will be taxed paid by Uber or Addison and a tax on electricity will have to fill the oil rev gap.

Fair points elcapito...however I don't like comparing one o...lie to another as I feel it makes little sense. Most have differing outlooks and balance sheet strengths or lack of and a host of other variables. I suppose the sp ups and downs are to reflect these differences but you gotta wonder sometimes. I find it difficult enough in G without worrying about the state of play in others. As you say "there all down"....that covers it.

Up c.17% ytd, sure don't feel like it. Estimate the av price to be c.$80 for October ($58).

Not sure what point your making elcapitan? I see no correlation between G and its peers whom i suppose you mean BP & RDSB? Outside of the black stuff I see no resemblance whatsoever. Am I missing something?

Yea your right I didn't read Hyds post correctly or check my closing price. Heavy night, too early rise.... that's my excuse. What do your charts say about 200? Is a fall through that no critical / material or not?

Wrong!! Current 205 not 214 as I stated.

Poor old Dyson is copping it big time this morning over his decision to relocate his new car operation to Singapore. Who can blame him when the tax advantages are so much better....c 5% Corporate tax rate for 5 years for starters. We don't bemoan the lack of tech Cos listed in London or the fact that the UK cannot husband or back home grown tech talent to commercialisation, who through lack of funding seek US investment preferring to be bought by US companies than die a slow death here. The UK tech start up has been a huge success as a breeding ground but often they are abandoned to seek their futures overseas ie..the US where they understand tech and have deeper pockets than London. Innovation is alive and well in the UK keeping it here is the problem

Slight correction to the nos...G closed at 290 (ytd high) on Aug 10 so thats a 26% fall to current 214. This wk G is off 13 down 6%. Whatever the nos are not good. Well oversold imo will G confound us all and put in a blue close? Evens it does....place your bets!

Off the worst of the days action the Dow pulled out of a funk 500+ slump at one point to close down 126 (25191) after being within 10 of level par for the day. Participants noted the days action had been orderly with little sign of panic selling, those that did panic did it early. However all 3 major indexes are below their 200DMAs. The S&P finished off 15 and Nsdq down 31 after a 200 fall Earlier. 3Q nos continue to roll in, Caterpillar fell c8% beating expectations, 3M was off 4% on poor guidance but McDonald's was a bright spot gaining 6% on better than hoped for figs. Skittish traders are being assailed from all quarters and prices often bear no relation to Co earnings. Therein lies opportunity for the 'quick and the brave.' In Asia a small rebound is underway after yesterdays rout across the region, TK up 122, HK +235 & SH +40. Only energy shares are being clobbered on the overnight fall in oil. With SH deep in bear mrkt territory (-28% ytd) investors around the world fear that a sustained slow down there will infect the rest of the world's equity markts. London could not escape the poor sentiment from China /Italy & Brexit jitters. The 100 fell 88 closing below 7000. The 250 dumped 406 points, the S/caps 87 All's fell 54 and Aim down 19. The 100 now nearly 10% down ytd the local 250 off over 11%. The nos: Oil $ 76.66. Gold $1235. £$ 1.298. £€ 1.132. Coin $6450. Vix 21. FF +54 & DF up 85. Morning all.