Member Info for JohnLewis79

Have outed a few...a profits a profit after all....Retained a reasonable holding at avc 67 so well lower than prev avc. Decided the poor outlook warranted some pruning and I don't want to be the last in the rush for the exits should sentiment or worse turn against stocks. Having been badly caught out in '87 (held through 08-09) I have no intention of waiting for mrkts to recover which could take 2 years or more. It may be a lot easier for me as i have only 2 stocks left now, Idea, an o...lie & stranded in a private Co. Somehow i think i'll be sleeping a lot better but not quite down to the 'sleeping very well' level.

Your quite right bunks payments are equiv to ones basic salary and do not impact the sp. To date our revs represent c.28p of the rise this year (163) and that's a tad generous as I've used 1.35 as a ball park conversion no. So while we have no other means of raising cash other factors play an important part in the grand scheme of co valuations. You know them well.....but the more we are paid the better the bottom line. Whether the mrkt cares to acknowledge that.....remains to be seen.

Excellent PR as usual with Idea who cont to promote customer relations as a priority, hence the high % of retentions. In time this will flow to more contract wins of we hope some major US companies. Lths who are prepared to hold through mrkts corrections etc., will do well I'm sure. It might just be out of my range as I think mrkts worldwide are are 'toppy' given any nos of potential pit falls. I'm watching the US economy for signs of inflation, rate rises, trade wars worsening etc....and China contracting. So far we seem to be muddling through.....

Big vol of sells? through yesterday I.756m, 2x 1.046m, 200k & 134k all at 130. No effect on sp So who knows?

Current total receipts $103.46m or c. $25.865 per month so $300m revs on the cards for the F/Y some $71m more than last year given $70-75 oil next 5 months. June avop was $74.41, some $2.57 less than May but in the mid $75 band.

$27.26m

Payment in..

Sterling fell to an inter-day low of $1.2958 its lowest level since Sept last helped the ftse to gain a meagre 8 while other indices all slipped back. Retail sales fell 0.5% In June which might stay Carneys rate hike in August... but 2Q data showed a promising 2% rise the largest since Feb'15 with scant response. Going south, WPP & SSE along with miners on weaker metal prices...BHP, Rio Tinto & Anglo. Unilever reported weaker profit nos/higher sales the shares rising 3% topping the leader board. Others advancing were RDSB, BAT & IMPs. Brexit confusion continues with many now thinking we will negotiate a 'no deal'. So far London is ignoring all this political uncertainty..... In N.Y the Dow backtracked 138 as traders took money off the table despite continuing excellent Q2 nos and jobless claims falling to their lowest level since 1969. Earnings nos cont to exceed the 'Street's' expectations, so far 14% of the S&P have reported profits up 20% and revs by 8%. IBM helped on solid nos with Microsoft reporting strong 2Q nos after hours. Analysts say the strength of the US economy should bouy any large sell off or correction. We'll take that on trust...not! WT1($69.46) rebounded on NYME that S.A. expects a drop in Aug exports, Brent largely u/c $72.60. with Gold declining c.3% to $1224 that's about $110 off the price last 6 months. Ftse off 10-15 at open on weaker Ear East advices, Tokyo -136, HK -155 & Shanghai down 4. G managed a 1p gain still awaiting April payment....today? Morning all.

Can't disagree with both posters.. It's a long...er game here which in itself could pose problems if overstretched mrkts crumble and Idea are caught on the wrong foot. I think our valuation given the poor net profit no is way up with events and I'm erring on the side of safety, locking in profits from 80 upwards....not having a crystal ball i'm too old a hand to be swayed by 'management' speak... In that all that glitters aint gold.... My stop loss is set at 128 come what may!

Nothing doing....

London logged a second daily rise in equities the ftse added 50 (7676) boosted by a sliding pound (£$1.3034) and inflation nos (1.9%) below the BOE 2% target. Consumer prices u/c at 2.4%. Rate rises may have been delayed though odds are 75% for an Aug hike. Corporate updates from BHP & Easy Jet were well rec'd though Smith's Group fell 7% on rev warning. All Share, 250, S/caps & Aim all advanced for second straight day. Politic games were largely ignored (Boooris flat resignation speach), left 'dead lady' May walking into the recess licking her wounds as the rest of the parliamentary rabble returned to their country estates for some well deserved huntin 'n fishin. Sod Brexit! In America mrkts moved higher (DJ 25199--5th straight) on cont good Q2 earnings nos from a raft of companies and news that 11/12 regions are growing at a modest pace is helping employment in the domestic economy. To date some 90% of companies reporting have beaten profit forecasts leading Fed Chair to say " rates will cont to go up every 3 months 'for now.' Housing starts were the only downer, falling 12% from a lower previous (May) month. Post mrkt close Amex and IBM are due to report while Google got clobbered $5bn+ on illegalities which will take them just 14 days to pay off. Wouldn't....heh heh, you believe it Chump now backs his Intel Service saying it was a Just a "slip of the tongue in Helsinki" nothing to worry about guys. I'm a genius I'm great..... A mixed picture in the Far East, Tokyo's advance continues on a weaker yen up 70 at mid session & 5th straight gain on back of massive trade surplus of 720BN yen, while HK & Shanghai are off 26 & 15 on domestic issues. Ytd Japan is up c.0.5%, HK -6% & SH -16%. Oil trading sub $73 current $72.77 as G men eagerly await our April payment. Shares little moved yesterday might cont the flat / down trend. Morning all.

Hope you had a good break...away from BBs etc.. I/we need a more lively board for exchange of views etc...I'm beginning to lose the will to live here! Is it the dreaded AIM effect of the good going down with the bad? Probably not. Aim stocks are so under researched getting the news story out into the wider mrkt is well nigh on impossible these days given the 'broadsheets' reluctance to comment on anything outside of ftse stocks. Investing in Aim techs is akin to dodging the firing squad bullet....this we know....hopefully! C'mon and join me here, we might be able to attract a few more Ideamen!

Where is everyone this Morning?

Next week methinks...

Cheers orangetree....Kinda much as i expected the bottom line being out of whack with the top line. However it's growing but not as fast as I'd like to see so I'm in for the next move up on acquisitions. The recurring rev from all these quality clients is a backstop imo for the med term. 140-150 next stop but likely a struggle.

Not today chaps...

Well that wasn't a bad result on the day especially seeing those c.2.5m buys at 129 late on and a big increase in bargains dealt. A certain small cap tipster does not buy into the Idea story....hmm? I guess he missed the boat. For sure I think Idea is fully valued but the scope via organic or acquisition growth should see further progress into the 'championship' div this year. That's assuming that all these dark clouds on the horizon don't spoil the party. The Medforce buy might prove to be the best yet and a move in the Far East to balance up would go down well with holders. However with revs still well below £50m there's plenty of work to do.

Brexit dominated the action yesterday, TM just surviving another vote on the customs union thanks to 4 Labour MPs and just avoiding a 'no confidence' vote on Mays leadership. She has a busy day today with PMQs (Borishnikov statement?) and meeting the 1922 committee to rally the rabble. When imo the majority of the pop dont have a clue what is going re: Brexit talks the Govt is in serious trouble..... along with a divided Labour party. Talk of re-running / cancelling the referendum are but just desperate measures. The shambles continues. London ftse was flat to in the red most of the session closed up 26 aided by commodities, sterling however slipped back (1.316) boosting $ earners and the jobs data was positive more people in work even if doing 2 jobs. The market is behaving with extraordinary equanimity (ftse-62) ytd considering the potential pit falls for equities on any nos of fronts. For sure something will give as the public finances (Govt borrowings) are in dire straits pointing to tax rises in the near future. US stocks fell initially but gathered buyers late morning pushing the Dow (25120) up for the 4th straight session and last 8/9 have been blue. Tech heavy Nsdq powered up to a record close (7855) on earnings nos and news that the Fed would go easy on monetary policy. Netflix (+98%) ytd fell 5% but Q2 earnings which have to beat expectations saw gains in J&J, Goldman & United Health among others. Oil struggled at $71.86 off c.$7 in last week. Asia mostly lower on weak crude knocked energy stocks, Shanghai off 0.6%, HK down 1.6% initially have rallied to register blue. Tokyo (+224) bucked the trend helped by a weaker yen and mrkt specifics. Q3 growth nos out of China are seen as continuing the weaker Q2. nos if trade wars escalate. However Asia /Pacific trade cont strong to date. G slipped 13 on the excellent DNO news and with a bumper payment due (today?) its a 50:50 call which way the sp goes. Surely its up but staying up? Wonder whether present management have/are considering a LBO whereby they propose to buy the Co using massive amounts of borrowed money? Could they raise $2bn? Probably.... but not at this time what with gas...Just a thought. Mind you LBOs are often thought of as 'stealing' the Co from its owners and was very popular back in 80's America. Morning G men.

Just checked back on my forecast for Idea sp at 2018 close was 155 made on 2/1/18 , (20) up from here not much of a stretch......?

Sure 25% of a poss monster field aint to be sniffed at! We need some gas news to put a floor under the sp cos nav, fcf, ebita etc aint not doing it atm. This will change I'm sure even as the geo stuff will go on for ever ---- Iraqi politics being what it is...mired in dodgy dealings. However the KRG have proven to be reliable pay masters and the recently signed RSA cements their good will towards IOCs. G is up c.160 on the year all of us would have taken that on Jan 1 I'm fairly sure.