Member Info for JohnLewis79

G mrkt cap now just £5m ahead of Gkp.....is a merger nigh?

Pity they didn't place at 152 and went for a gangbuster £50m. Wonder if they tried? It happens...occasionally and would have shown increased confidence in the Co paying above current sp considering they were well oversubscribed! No doubt their brokers didn't want to risk egg on their faces. Pretty sure they would have tried for a higher raise but perhaps the demand would not support in the after mrkt and went for the safer option. Price is what you pay value is what you get and they ain't always the same. In that regard take a look at some o...lies. I know of one Co throwing off c.$150m FCF this year (zero debt by YE) valued at just 2x Idea. I'll grant you your paying for a lot of 'expected' future earnings in Idea which might seem more attractive but as for price/value i know which is the better choice. Just my opinion like...

A no deal Brexit will crash house prices by 35%....yea right. Just another of the alarmist BOE forecasts who said mrkts would tank on the referendum result....yea right, did they? Did they ***k.

Another good day for US stocks as trade tensions ease though Trump insists its China that need the 'deal' more than us. An initial jump of 100+ like yesterday fizzled out in pm trading the Dow tracking sideways closed at 26146 up 147 the S&P just short of record high finished at 2904 and the techs led by Apple ended up 59 at 8014. Economic nos cont to support equity valuations, consumer inflation fell 0.2 to 2.7% and the consumer price index rose by 0.2% in Aug well within forecasts with the 10 year T/Bill unchanged at 2.95%. The European Central Bank kept rates on hold while the Turkish CB raised repo rate by 6.25% points in an effort to stem the lira $ decline. 9/11 S&P sectors gained boosted by techs, Apple added 2%, Alphabet c.1%, Microsoft up 1%, Qualcomm Inc up 4% on $16bn repurchase program with Intel and IBM joining the leader board. Going south were Exxon ( oil futures down 2% /and futures contracts were dealt in $78.24 & $77.80 for Nov & Dec). Home Depot and McDonald's all down c.1%. London eased back 32 (7282) the All off 18 (4024) and the 250 lost 137 (20244) on a quiet day. The ECB and BOE both kept rates on hold the former saying it will substantially cut back QE by €15bn per month till year end. On the 100 miners were leading but retailers took a hit on John Lewis profits slumping 99% in H1 which dragged lower Next, Kingfisher, Tesco and Morrison. Debs fell 5% after 29% holder Sports Direct ruled out a bid for the store. Most Asian and Pan Pacifics are doing well in morning dealings, the Nikkei up 222 hit a 7 month high (+1.1% ytd) with HK (+200) extending yesterday gains (Tencent up 2%) banks, insurers and Macau stocks rebounding strongly. In Shanghai shares are flat with analysts saying the SHCOMP has taken an 11% hit as a direct result of trade tensions (HK 10%). Shanghai is the 4th largest stock mrkt and continues its poor performance this year, down 19%. South Korea up 1% boosted by gains in Samsung & Hyundai. Gains of similar % were seen in Singapore & Malaya. The nos: Oil $78.26. Gold $1205. £$ 1.312. ££ 1.122. Coin $ 6563. Vix 12.37. FF +18 & DF up 21. Morning all.

It's a slug of a share price...unfortunately not for me.

Bloody he'll G turning into a right dog as the Gkp greyhound sprints clear now valued more than us. As usual the mrkt doing its job.

Thanx for that...nothing for Idea holders that's fine as sure as I'm a Dutchman i can buy sub 142 in the not too dustant future. Heh ho I'm out and no intention of buying back in on this opportunistic raid on shareholders funds which ain't much. However can't fault the acquisition strategy and time will tell if it's the best use of holders money. Gluck to holders.

No! Another bloody professorial type appointed! There is BB of sorts on advfn.

No...dithering as usual. Did u see that blood thing?

....... fall on excellent results...why wouldn't it? Heh...maybe Bilgin is selling there?...heh heh heh!! Surely a steal at 36/8?

Rarely any correlation between the sp and oil price as evidenced by G at 292 the OP $74. Now 240 the OP $79...

Gkp receive $22.6m ($17.7m net) for June oil sales guess our cash must be in the bank reducing our debt...etc

HSBC lifts oil price target for the first time in over a year as supply slowdown from major producers could risk a rise to $100 Oil as low spare capacity, a tight rein on supply for last 2 years and self imposed cuts adds to the uneasiness of further barrelage taken off the mrkt from the likes of Venezuela, Angola and Iran when sanctions bite in Nov. The last time sanctions were imposed on Iran exports fell by 1.2mbopd. A similar magnitude could be seen again. Current sp $79.29.

OP averaging $78 (Sept month to date) some $6 more than the Aug average likely to boost fcf some more. Happy days G men.

A slow start proved the FF right shares stubbornly doing little till 9.00am and up just 23 as N.Y. opened. There was little to excite mrkts till official data showed a drop in crude inventories. The EIA said inventories fell by 5.3m barrels and WTI jumped 2% to$70.48, Brent $79.78. In Co news, Tesco is about to launch its new discount chain...'Jack's' next week the first store in Cambridge. These are expected to rival the discounters Lidl & Aldi and will run alongside their Metro brand. Tesco added 1.4%. On a dull day in London the 100 put on 40 to (7313) the 250 added 154 (20381), S/caps gained 14 and Aim 1 to the good (1097). Lots of chatter on the 10th anniversary of Lehman Bros collapse as G.Brown says we are sleepwalking into another financial crisis....and the Bankers should have been "clapped in irons" for the 2008 fallout. He should bloody know. RBS boss says there's £4bn for a one off special div payment to holders....that'll be the taxpayer then? John Lewis partners look like getting zilch in backhanders as profits tumble. Give 'em the money I say! Similarly in N.Y there was little movement in stocks an uneventful day that saw Apple to much hoopla unveil its XS and XSMAX iPhones which did little for the stock on pricing worries. The 3 versions inc a cheap one... prices ranging from $749 to $1099 did not impress the mrkt, shares fell c.$3 pulling the Nsdq lower by 18. 3/11 of the subsectors fell, techs Financials and Utilities. On the trade front talks have ended though the US has reached out to Beijing giving China a chance to resolve outstanding issues. Oil benefited from Hurricaine Florence on the threat of gasoline flows being interrupted across the Eastern Seaboard. Big board stocks gaining were Wallgreens, Boeing & Caterpillar all c.1-2% and losers were Apple, JPMC, 3M & Du Pont all c.1-2%. The day ended with the Dow at (25999) up 28, the S&P added 1. A much brighter start to trading in Asia led by a big rebound in oversold HK stocks the Hang Seng up 400 at mid session as Tencent (+3%) China Construction Bank (+2%) and Geely Casino (+4%) led the charge upwards. In Tokyo big gains for exporters and autos saw the Nikkei (+228) just positive ytd. Honda, Toyota & Softbank topped the leader board near end of trading. SH added just 4 on hopes of a resumption in trade talks. The nos: Oil $ 79.30. Gold $1205. £$ 1.304..£€ 1.121. Coin $ 6396. Vix 13.14. FF +2 and DF up 5. Morning all.

Just popped in for a quick look seems as per usual buy deals way more than sells not that ever made a ha'penny difference to the sp here or anywhere else. I'm still sitting on my hands atm, it's getting too close to Oct which if you didn't know better is a plus c.1% return month over many years. I try not to get fixated on Oct '29 & Oct '87 but its bloody difficult!

Bit of a bump up..doubt it refers to nav or eps or anything so silly as that.. heh heh!... that's fine, down the road.... which day boys will take in a flash. I'm sat indoors watching Mad Men for goodness knows how many times before to date..., no, no... i know it's 4 times...at least, how sad is that? It must be akin to my addiction to my b-i-n-g-i-n-g on Homicide (life on the street) & the Sopranos the aforementioned the best ever imo, followed by Better Call Saul, the Wire and Breaking Bad. I could go on but I wont.

About 187k short so nothing to worry about.

Initial 'casino' hour indications think not...

...als though the rising OP provided some support to the SHCOMP. The nos: Oil $ 79.35. Gold $1195. £$ 1.301. £€ 1.122. Coin $6248. Vix 13.2. FF +4 DF +6. Morning all.