Member Info for JohnLewis79

Actually am slightly up on exiting here and trading another stock which I am now out of. I think im going to take a rest from the London mrkt and watch from the sidelines for a change. York will keep me busy for the rest of this week but good luck to those still holding. I bet some *****d off Sage holders have joined here at near all time highs.

Though my recent 'trading' in G...thats a bit of a joke has been profitable....and more like 'pure fluke' I'm staying away for the foreseeable.....if I can control my urge for action (that's a def flaw in my makeup). Sooooo.. York will have to fill the void and will re-assess next wk whether to rejoin the G club.

A better start to wk 34 the ftse put on 33 (7591) / (3rd straight) on mostly outside factors, the All, 250 & S/caps finished higher. Sterling bought $1.28. China cont to dominate and news out of Washington that matters hope to be resolved by Nov buoyed sentiment in equities though vols were low. Co news: Sage (the no 2 tech dog) tanked 7% on a broker downgrade to 'sell' and is down 22% ytd, that HP purchase not turning out as expected and increased comp in its core sector doing the damage. Mulberry crashed 30% on a warning that if sales from its HOF concessions don't recover nos will be materially lower. Commodities, BHP, Glen, etc were higher along with energy, BP +3, RDSB +17, Tull +4, Gkp +9, PMO off 1.5 & Ophir down 1. All in a satisfactory session. Brexit talks are set to resume on Wed. In N.Y. after a choppy opening the Dow side tracked to close up only 89 (25759) despite a couple of $BN deals, Pepsi to buy Sodastream & Tyson foods to acquire Keystone. Should China talks resolve anything on tariffs this will remove a huge overhang of uncertainty for mrkts. Some analysts say a 'fudge' is the best one can expect, others are outright bearish that nothing will change as the US have all the Aces. The S&P and Nsdq added 7 and 5 respectively. Asian stocks mixed in morning trade TK up just 7 (75+ in pm trading) the $ cont to fall v the Yen (109) for the last 10/14 sessions and now at an 8 wk low. Traders in China were on a bull...running up prices on the big caps the SHCOMP (+39) adding c.2% last 2 sessions with Shenzen, mostly small cap stocks putting on 1.3%. Ytd Chinas big board is down 17%. HK fell (200) at open on domestic issues but is pushing higher in afternoon trading currently up 132 As techs and insurers underpin the broad index. The nos. Gold $1194 +$7 has lost c.$36 in last 30 days. Oil little changed at $72.22. £$ 1.28 & £€ 1.11. Coin off $144 to $6308 and Vix 12.5 well in 'happy' territory. Ftse seen 30 lower the Dow up 20. Morning all.

Agree your points Lem...strange how the relative merits of both oilers have coalesced at c.£700m mrkt cap. Maybe the respective boards best get a move on and merge before speculation gets out of hand. At the moment there is little to no bid premium in either cos share price which leads me to believe a merger would be in the interests of both holders as 'Big Oil' are still at the committee stage writing about corporate strategy while gift horses pass them by. Big oil may inherit the earth but not its mineral rights or in G's case jam today. I think most pis would go along with some form of amalgamation especially if the oil price stays sub $80 for the foreseeable future putting pressure on revs and cash. Of course a merger may not be the elixir we need to move up to the 350+ level, in fact i suspect the shares would fall post merger....in the short term anyways but we need to expand. However, Imo its worth the risk on the fundamentals alone which surely is the only reason to merge giving holders of both companies a stake in a stronger producing debt free asset of easily achievable 100k bopd and leverage of borrowing $1-$2bn for gas/ expo etc.. So will it happen? 60/40 says it's on the cards, better an oil Co in K/land than one where we will have to spread our management I climes anew. Whichever way you look at things we need to step up and quick, sweat our cash resources for if the mrkt wont do it best we do it ourselves... for holders wont abide dilly-dallying much longer.

Antiqu.....i think i'm a much more disciplined punter these days. For instance at the York meeting I doubt I'll have more than 6 bets. Tbh I can't be bothered to do all the lucky this that n' tother bets anymore. Strictly e/w throughout the meeting with perhaps a lump on one nag? I have £1K in the kitty and will spread that around depending on value etc...not my best course for winners but am on a roll atm...so gotta remain confident....

Gkp now c.£60m less than G mrkt cap.....who'da thunk that 6 months ago? Chrissssakes have i backed the wrong horse?

Out at 2 off the top earlier, v.happy with that as I now have more cash after several in's & outs. I think my days as a 'wheeler' dealer are over!..heh heh heh! A period of masterly inactivity is called for, whether I can control my need for action is questionable. Still I have a decent war chest for York for a change so I'll stick with the ponies this week.

Cleared the decks for a small turn not risking being greedy.

....also will no longer report monthly but at the Q stage.

DNO report $75m payment (inc receivables).

Stocks fell at the open across the region, TK off 120, HK -176 & SH down 15. However sentiment turned on the news of China/US talks resuming this week and stocks have rallied in late morning. Currently TK is up 144, HK + 220 & SH +4 after a shocker near 5% fall last wk. SH is c.19% down ytd the worst performing major mrkt by a street. The property/financial crisis widely reported in the Western media is having little impact on HK banks, properties or the wider mrkt this morning. Late in the session TK is heading down off 67. Modest gains were seen in other Asian mrkts which moved on purely local issues. London is called flat at open and a small rise in N.Y. Oil which fell 1.5% last wk traded up at $71.82 earlier but has slipped back to $71.54. The nos: Gold $1193, £$ 1.2748, £€ 1.1153 Bcoin $6491 & Vix 12.64. On home ground G opens at 234 after falling 56 (£156m) since results just 8 sessions ago that's a near 20% fall. G men believe this is mostly related to Bilgin and bad relations between Ankara & Washington. Morning all.

My ponies ran out of puff blowing me out of the pub racing comp. I hope that's not a precursor of G moves on Monday! Futures are predicting positive starts in London and N.Y. IG clients are c.70% short the Dow but are undecided on the ftse 51% short. That's a big disconnect which I kind of understand. Take the P/e ratios, the S&P is c.25x the ftse 13.6x, All 16.7x, Dow 23x and Nsdq 25x. Do those nos point to an overheated US stock mrkt given the great Q2 nos? Sometimes one needs to look behind the headline nos for an explanation but they certainly support the bull case even if IG clients are so bearish. To me that suggests they think the US has topped out and '19&'20 will be lower on Fed raising rates etc.. You have to go back 15 years to see the S&P trading higher (31x). and from 2003 to present the av is c.22x so on that basis its hardly expensive. The All Share surprisingly has averaged 17x over the last 25 years! However i'm siding with the Dow bears even if to date they have lost money. As you all know we more or less slavishly follow US markets so I'm very wary on UK stocks, not that I have any 'cept G but if I had I'd be well gone. I think the facts have changed so I've changed. Morning all.

Spud have a few for me..I've had my quota and jumped on a bus before the 'pinkies'. 2/3 winners so far on the itv....leaders in pub comp have 3/3, so in with a chance....

Agree most of the comments on G share price etc...but and it's a big but contagion & knock on effects from other factors might be the ****** in the wood pile, those running for the exits etc... Regardless of the financial stability of G it won't mean diddly, in a savage correction where your personal savings are involved, the good get trashed with the bad. I'm out early but id be having sleepless nights if I had a portfolio worth decent money in these Trump'onomic days. I survived the '87 & '08.... i'm not chancing my arm a third time. Had my 'blood' thing not delisted i'd have had far too much at risk In these mrkts which to be fair limited options to do much about it. As ever your personal circumstances will guide you. When the facts change...you change!

Good post spud....sums up the situation perfectly. You have some cahunas Whitehat taking a £40k loss on the chin and I do hope it's not a knockout blow. Remember you don't have to recover losses....where you lost it, which 99% of us try to do! I wish i could advise on a recovery stratagem but in these markts where the hell is a safe haven? Gold...the trad flight to safety added $8 yesterday but is 10% down ytd. Maybe you should park ur money in gilts pending a clearer global picture? You should get 2% on a short dated one. But do you want to tie up cash for 2 years? I think whichever way you move is fraught with danger especially in equities. I'm out of 90% G. I stuck in a few quid as a punt on Friday at 230 lows and will out first thing on this bloody Turkish business. It's only going to get worse and E/Mrkts are worrying me no end as I suspect many are over leveraged. Clearing my last of G will leave me nothing in stocks, 'cepting all my assets locked up in a private Co which by pure fluke might turn out to have been a blessing in..... Whether Woodford who owns the Co plays ball with us is my main worry. TBH I dont think he GAF about pis 'locked' in. Oh well shafted again. Gluck in whatever you choose to do.

The Turkish crisis threatens to escalate next week on news a Turkish court refused to release the American pastor sent the Lira to 6.05. US treasury Secretary warned Erdogan that the US will impose more crippling sanctions. Other currencies tanked against the $ (S.A. rand -2.4% & Braz real off 1.4% a 2 yr low.) Not helping sentiment, HK is on the verge of a financial crisis as the Housing boom runs out of steam on US Fed Reserve tightening credit. Buyers are pulling out of at least 5 prestige developments suffering considerable losses as developers are cutting prices by 10% or more to clear inventory and older backlogs. China is clamping down on capital outflows aiming to stem the fall in the Yuan. A 20% fall in the overheated HK property mrkt is forecast. HK$ is the most stretched in the world and is a reliable predictor of a banking crisis. This reflects broader woes hitting Turkey and others as the Fed raises rates and eases QE. The fortunes of HK & China are intimately linked and defending Y7.00 to stop capital leaving China is the imperative and risks setting off a financial crisis in HK. The fall out could be nasty for equities. This aside London was flat on Friday but over the wk fell 1.4% it's bigest wkly fall since 3/18. Sterling at $1.2737 on worries over a 'no deal' Brexit, Turkey etc.. Retail sales up 3.5% had no impact. All u/c at 4154, 250 -18 (20444). US mrkts were boosted on China talks resuming next wk and a poss summit with Xi Jinping. Dow ended up 110 (25669) a 1.4% gain on wk. The Nsdq down 76 on wk (7816) due in part to Tesla falls and the S&P gained 17 on wk. Tesla stock hammered by the shorts fell 9% on Friday to $305 a far cry from $420 Musk offered. He may have 'misled' investors and the regulators are 'talking' to him. It's estimated the shorters are up over $1bn to date with only 1.3bn covered. The outlook is getting murkier by the day. Morning all have a good one.

Have added.... this price is nuts and were now almost at Gkp mrkt cap. Whether the mrkt are aware of some other negative that would take the sp down 15%...,I'm not sure but I doubt it. I'm prepared to add again should this go sub 200 which I very much doubt. Mm's having a great time tanking this stock and im not in the least persuaded its based on any fundamentals I'm aware of. Sit and wait or buy the dips. Easy for me to say being sub £10k invested but fear & greed, blood on the streets etc....could be a terrific punt for the brave.

Had a look early and 251/2 was the best I could buy at...intending to buy back a small lot. Decided I'd over-traded this week so left it. Yikes...JFT ya gotta keep up dude! Suffice to say we're 21 lower than at the start of the month which Inc excellent H/Y results. Why the sell off? Bilgin reducing, weak oil price, sell on the results, summer blues, sell in May & vol drop exacerbating sp moves,....blah blah. We still trade at a big disc to Nav and likely fair value as well but the mrkt aint innerested atm. Not the best of months for the stock mrkt, Aug in the bottom percentile of best/worst months. Other than that all's tickety boo!

Av oil price for May payments was $76.98 the highest for the ytd. June slipped to $74.41 & July $74.25. August is running at c.$72.75.

Morning TruroTrader. Yes that's always a risk you take selling out of a good performing share though it's been flat to slow from 120 and seems range bound atm. I saw an opportunity elsewhere to make some money (turned out well) and of course will be watching ideas progress towards the H/Y. Having been a buy & hold man all my life i have decided to change strategy to hold for the short term only, making a turn however small and cutting a loss immediately. Despite Wall St continued strong performance its only 3% up ytd this bull maybe nearing retirement and should things turn nasty (Brexit?), China, credit crunch, rates and world debt, I dont want to be holding shares. However good luck i'm sure Idea will do well for you.