Member Info for JohnLewis79

Suits me Sir....on the tube from London.

256 paid..

Cash now 50% of mrkt cap...give or take before the increase today!

Oh Yes....oilheadgame...I shall be tap dancing my way to my local shortly!

Doing its bit...over $85 atm

Sorry wrong board.

Doing its bit over $85 atm....

Tartine...let's deal with the positives of which are many and easily outweigh any....if any negatives. The board rightly imo are concentrating on accumulating as much cash as possible while the OP remains above the ytd (c.$71) average. That makes sense to me. Look at the gas as a lovely red apple not quite ready for plucking, but a huge fall back for G if 'event's screw things up.

If the sp heads lower today it will confirm my opinion that as Jesus said "Father ***k 'em they know not what they do"....

I would have to say .........***k yes!

Once again mrkt caps of G & Gkp nearing parity or rather were prior to G putting on c.£40m yesterday. G mrkt cap £684m / Gkp £576m a £108m diff. On the EV nos the diff is £196m in favour of G. I stress you can move the nos about when it comes to EV (How one accounts for debt) for instance. So more a snapshot not set in stone.

Might it be a good idea to meet up in (London?) for a celebratory drink when G hits my no (350) at year end. Drinks on me at the Ritz....just kidding.... pints at £15 aint on my menu! Average beer prices in Central London pubs are near £5.50 to £6+ so that might price most of us out and certain 'craft' beers are upwards of £20!!! Better shelve that idea. I have an aversion to getting ripped off. Any thoughts, is it feasible, economic or worthwhile?

Oil $84.80 (-0.24%). Gold $ 1193. £$ 1.313 (4 month high). £€1.143. FF -18. DF-10. US stocks were mixed to lower the Dow off 55 the S&P just 4 (bang on its 50DMA seen as a support level)..... while techs snapped a 3 day losing streak to eke out a 2 point gain. The small caps fell 7 but are c.6% up ytd. Bond yields cont to be the main focus for investors and are seen as a threat to the continued upward march of equities should the Fed aggressively raise rates next year. The 10 yr note fell 2.3 basis pts to 3.206%. On Monday the IMF cut its global growth forecast for '18 & '19 to 3.7% citing lower growth in the EM, rising trade tensions, currency woes & higher oil prices. The downgrade was the first in two years. Asia 2/3 down in early trade, HK facing a 7th straight losing day posts +85 at mid session. TK & SH moving around opening nos are both slightly down in directionless trading heading towards the close. Here's to a solid set of nos today. Hopefully the mrkt will put G back on the upward escalator. I'm inclined to agree with bayobach on 'expectations' at the interims, so depending how bullish the boards outlook is, we could all be ......"oh ***t".... or "***k..... yes"!..... PS...excellent set of nos from Lem a bit ahead of my amateurish efforts so I'll stick with his. It's really time the mrkt caught up with G's increasing earnings nos and give us suckers an even break! Morning all.

DNO up same % as G (4.75%) to c.202p.

DNO.

Italy is on the brink of a banking crisis as the gunfight at the Brussels coral looks like erupting as Italy's borrowing costs spiral out of control. Yields on the 10yr debt spiked to 3.6% a five year high. Italian banks hold €387bn of state debt and face mark to market losses as their portfolios lose value eroding their capital buffers. It forces them to raise fresh funds in a hostile climate or cut lending to the real economy while calling in loans. Moody's and Standard & Poors prepare to issue ratings verdict on Italy over the coming days. Mateo Salvini vice president vowed to sweep away the existing European order. He called J-C Junker and his aides enemies of Europe barricaded inside their Brussels bunker and on the currency crisis..." me ne frego" ( I couldnt hive a damn). A vicious circle can ensue with weaker banks selling down their sovereign bonds to reduce risk. Italian bank shares fell 6% yestrdy triggering trading curbs on the Milan bourse and are c.30% down since the March election as liquidity dries up and spreads rise. The former director of the IMF said mrkts are wrong to assume Italy can muddle through indefinitely, we are at a different stage of the economic cycle and a different level of tolerance. It is hugely systemic and could be Lehman in reverse.

Looks like the barrow boys are shaking loose holders out for some cheapo shares ready to lift the stock come update. Win win for the 'gapper' ups! Short term and squiggly line theorists might see this as a good re-entry point. A 30 fall nearer fair value. Im still watching and waiting as tech stocks in the US are under the hammer, the Nsdq down c.400 last 3 sessions which might be the start of the next downturn. The last bear mrkt '07-'09 started on October 9..... Just sayin'

Oil $84.40 (+0.6%). Gold $1192. £$ 1.310. FF +11. DF +24. US mrkts recovered from steep falls though the Nsdq sank for the 3rd session taking c.400 of the index. since Oct 4. Numerologists and those of a nervous disposition might care to know that today (Oct,9) the '07-'09 bear mrkt began. Morning all.

Oil not helping $82.84 but that don't mean diddly vis a vis the sp.

MM games, strategies call them what you will are fine and dandy & up to a point fairly interesting but it's what you and I would do if we were running a book on G. I'm much more interested in Co moves & strategies to boost the health of the Co and indirectly to us as well. What the mrkt makes of G's progress is outside of our hands and as long as the Co earnings are going up at a fair clip, oil volumes increasing I'm more than satisfied. It may take sometime for the two opposing factions to meet at fair value. So far there is quite a large gap on any known metric, so we'll just have to sit it out until the MMs have completed filling their satchels with cheap stock ready for lifting the sp later on. Day traders who watch the squiggly lines might see this as a good short term oppo. Lack of 'spare' rules me out taking a punt as I took a hit on backing the Arc second...grrr!!