Member Info for JohnLewis79

Why do you disagree when plainly you agree with me?

Ever make you think why pis are the only ones who think the sp is way out of kilter with the underlying earning nos? You'da thunk people would be begging, borrowing and stealing to get in here - even 100 North of what they could have bought at? Some are for sure yet the sp is still absurdly cheap for a stock valued at bargain basement prices. A value of less than £500m throwing off c. £140m fcf this year....come on!! Show me where i can find a bargain like that and I'll remortgage the house I don't have! Therein lies the problem why are we the only ones not looking a gift horse in the mouth? We should think on that....

Well I missed the break yesterday but remain unconvinced of the future travel...

Strong start expected in London after a big turn around on US mrkts overnight and Tokyo up 325 where they think some sort of compromise will be cobbled together.

No news post was deleted by server fault and I aint re-doing it! Morning all.

Been very close to selling up here as the sp is displaying signs of going nowhere but south. I dont want to jump out of the fat...so to speak but will sell if 110 is breached. If the mrkt don't like it I'm not about to argue -- that has cost me plenty in the past I can tell you! We shall see.

Under Haywards reign G was not a shareholder friendly company he did the min required when not poncing about on the Solent. All this looks about to change -- our new CEO, off to a flying start has the task of putting shareholder needs above the managements and their quality being as good as the underlying business. He can do this several ways. Implement stock repurchases when the sp lags intrinsic value...like now! Cutting costs and being stingy with our money, sensible allocation of capital and treat shareholders as partners not patsies! From what i see and hear he will pass those tests. You might like to check his remuneration, options and perks. Is it out of whack with the industry average? At the end of the day his job is to make us money if the board make money as well--- all to the good!

Case in point De la Rue the banknote printer and in a ruckus over the passport contract awarded to a Euro consortium their bods CFO & CEO have a modest £250k of shares between them despite taking home over £1.5m each in wages. Ok De la Rue has been a poor performer for a while now so perhaps not the best example but I doubt they are much worried.

They shudda bought sub 100 but didn't....at least I had an excuse I was skint. One of the first metrics I look for especially in Aim stocks is Directors 'skin' in the game, the more the better. Nothing like having your personal wealth on the chopping block! Too many bods have little tied up in companies they run and have little incentive to look after pis even after being awarded massive nil cost options (many cases) we are a nuisance at best. Shareholder democracy....my arse!

Dow futures (-110) aint helping ftse back in the red....oil $67.87.

Faroe lost £61m in 2016.

£70.4m for 15% of 14.3k boe daily production.

DNO spends £70.4m buying a 15% stake in Faroe Petroleum.

T350 climbed most of the day on back of a better Nsdq (+71) - closing up.2%. Idea fell back 2 (113) on 81k traded. Industry heavyweights Mfocus added 24 & Sage (+6).

London closed off 26 (7030) ytd down 8.55% -- the 250 (-62) and small caps (+17). The market still fretting about Trumps China tariffs and a volatile Wall St. Economic nos reported were slightly ahead of expectations (Manufacturing activity) and with a positive performance from miners Rio Tinto, Billiton & Glencore all blue the ftse trimmed 50+ losses by close. Big Oils were up but secondary expo oils lost, Tul (-5p) Enq & Pmo c.2% and Cairn c.1%. UK food prices fell in March good news for shoppers. Not so good is railway travel costs. For instance an annual Lpool to Manchester train tckt costs c.£3000, for that you can travel across the whole German rail network for one year! The Dow opened up 100 and traded most of the day between 237 & 23900 before jumping in the last hour closing 389 up (24033). Broad gains across all sectors with Spotify the music streaming giant making its public debut via the direct listing process (c.$160-$170) shares to float with no underwriter to bouy the stock price and none issued prior to float, hit $165 a 25% premium but fell back by close. Better closes for Nsdq (+71) & SP (11) rising sectors added (35). Ytd the Dow is off c.3%. Asia opened flat with mrkts tuned into the on going spat between China and the US. News of $50bn duties of 25% on a range of imports from China, medicines, aviation and techs have been priced in. China will reciprocate in due course with equal intensity and scale. Post lunch the indices were showing small losses though oddly Shanghai up 25. The nos: Oil $67.89 - Gold $1335 - Vix 21 - Bcon $7313 - £$ 1.409 £€ 1.14 - Silver $16.45 - FF (-20) DF (-103). Morning all.

Techs led the US markets lower yesterday the Nsdq down 193 (6870) clinging on to a 0.50% ytd but 16% up on a 52wk look back v -31% and -14% respectively on the t350. In volatile markets tech 'story stocks' are clobbered first so best keep an eye on the nos and Ideas balance sheet is strong with growth potential though some of its other nos lag the GB average. Instance current sp is above its 5 year future cash flow value (85p). However future rev & earnings growth is expected to exceed the GB av. Idea 60% - Software 27% & Mrkt 11%.

With techs so out of favour at the present check out the FAANGs is it just a cyclical moment in the long 9 year bull market or is the sector about to be engulfed in a mass of regulatory probes and tax penalties? Facebook mirrors what Microsoft went through years ago when Gates faced charges of using Windows monopoly to further Microsoft's dominance of the software mrkt. Any threat from regulators will damage the sp's of tech companies.... for instance ordering them to break up as they did with Standard Oil and more recently AT &T. Bad luck doesn't help....the recent electric car crash and Nvidia suspending self drive car tests after a fatality, tanked investor confidence. The sector had got ahead of itself as investors 'bought the story' not the numbers leading techs to become the most expensive since the .com boom. For sure many are making healthy profits on high margins unlike the tmt bubble so my guess it's a healthy correction. They led the mrkt up....now leading it down.

Dawn Foods Products a US provider of quality bakery goods choses Pentana audit software for its worlwide operations. Dawn partners with some 40.000 artisanal, retail bakers & manufacturers in more than 100 countries with 5000 team members globally. This is the 6th substantial contract win for Idea in Q1.

Well that's Q1 done and dusted. The T350 down 31% Idea up 14% Aim off 3% & the All Share fell 7.8% so no complaints on Ideas performance.

Treading water atm u/c at 113-116. The London techs had a better day eeking out 21pts. Mfocus up 26 and Sage +10 led the gainers. Overnight a tech sell off on the Nas (-212) will see London lower across the board at open - called 41 down -- backstopped by a brighter looking opening over the pond.