Member Info for Just_My_Opinions

Also to be clear, I'm not saying all this is going to happen. None of it might happen... I just think if certain conditions are present it could and probably would.

With that said at the time of typing futures haven't been hit much from what I can see. So the market appears to have priced this in... until something new comes out.

Most stocks are either fairly valued or overvalued anyway. It won't take much to crash the markets. He's right to impose the tariffs to protect US interests, for too long now outsourcing has lead to US jobs leaving, and the unfair tactics of various countries have resulted in big trade deficits. The US has a scary amount of debt, it can't continue to hemorage money like it's doing... a massive crash could happen, a global economic down turn could happen as the Smoot-Hawley tarrif act of 1930 proved when it contributed strongly to the great depression. So at this point you're probably thinking... how the hell can JMO think this is the right thing to do, he's lost the plot... the men in white coats are coming for that barsteward. I happen to think the global elite are screwing the West with all this globalization nonsense. Cultural Marxists forcing multiculturalism and globalisation down our throats. Think I'm a racist? Culture is not race... we are being replaced. Think that's nutty? The fertility rate in the uk is 1.8.. the fertility rate of a certain demographic (I'm sure you know which one) is 2.9. Procreating at a rate 61.11% faster than everyone else. The replacement rate just to maintain a culture of people is 2.1. We're decreasing and they're increasing. And who asked us if it was ok to flood the country with immigrants? No one... it was forced on us. It was never going to end well all this globalisation, you can't switch off 7 to 8 Million years of evolution by natural selection leading to Homo Sapiens, highly evolved territorial primates and expect our biology to take a back seat... Anyway I digress... To summarise, if the other side(s) don't back down the tit for tat trade war will escalate, it will cause a global downturn, if that gets bad enough there will be sporadic fighting, if that gets bad enough there will be a world war. And all the leftist nonsense stopping people from exercising their freedom of speech will go right out the window. The silent majority will put them in their place. A recession is when your neighbor losses their job, a depression is when you lose your job. And when people no longer worry about losing their jobs (because they don't have one), they will rebel against the establishment, and they will stop caring about political correctness... you can fill in the rest with your imagination.

Thanks for the reply. When is the Sibanye deal supposed to be going through? Lonmin's making a loss, so the longer it takes the more cash it burns through.

Italy's market has been hammered. I wonder if that will have an affect on the EU markets. To summarize, the right wing parties that got the lion-share of votes tried to form a coalition. The president of Italy has to accept each minister into each position. He didn't want to accept an Anti EU Economics minister, so through doing that the coalition couldn't be formed. So now like the UK, Italy has no real democracy. In Italy the president stops the democratic vote being delivered. In the UK, the unellected House of Lords stops the democratic vote being delivered, having rejected about 15 EU withdrawal bills. What's the point in voting if the vote isn't honored.

Glencore has $33.9 Billion in debt, it can afford to service the debt with the money it brings in. It will have commodities as collateral on some of that debt too. When times are good (now) nothing to worry about. When times are bad... it's a problem. So he has to pay some off when the cash flow is strong. It's not rocket science. I don't care what way they wing it... they either owe $33.9 Billion or they don't owe $33.9 Billion... and the company report says they owe $33.9 Billion.

And no I'm not saying it's going bust... haven't a clue.

Stopped watching this a while ago... In a nutshell why's the share price dying a death? I assume the Sibyane deal fell through? The markets starting to price this like it's going bust.

"id like to understand the glen debt position better, a few weeks back it was circa �10b, now we find its likely to be �30b because of creative figure juggling. To my simple mind money owing is a debt period, its not right to call it a banana with a different label." That's exactly what it is mate, not every stock reports it's debt like this... Glencore is doing it because it knows it has a gigantic amount of liabilities... it knows those liabilities and doubts on whether it could service them were the reason it his 68p in 2016... so the management are doing their best to ensure the market that cash flow easily covers the debt. Add to that this "return of capital" to shareholders rather than a regular income distribution via dividend... I'm thinking it's one of these options... 1. Ivan's going to go on an acquisition spree again so isn't paying a dividend from cash flow, or profit. 2. There's a sting coming from the Dan Gertler episode. 3. Ivan actually wants to pay more debt off from cash flow and/or profits. No idea which it is... maybe it's all of them

Honestly mate... if there is even one person dying in the UK because our NHS decides the cost of treatment is too great, there shouldn't be a single penny going in foreign aid. The people in our country come first, otherwise why bother having countries... just get rid of all borders and the whole world can be a sh*t hole. Foreign aid should only be sent if we have a surplus, if our NHS has plenty of funds and isn't struggling them we can think about it... but in reality it's probably bribes to allow UK businesses access to the countries the aid is sent to.

Also DayTrade... I think it's simple what Glencore has done... they've taken the money out of the shareholder funds account and returned it to shareholders, rather than from cash flow, or profits (like you said)... this might be so Glen can pay Dan Gertler (haha) or build his empire further. Hopefully I'm wrong, and he pays off some of that $33 Billion that's sitting on the balance sheet.

"im no charity, just so her majestys government can give it away as more foreign aid" Nick Ferrari on the LBC Breakfast program talked about this the other day. A women phoned in to moan about the �13 Billion we sent in foreign aid when the NHS is badly in need of more funding. He said "Someone somewhere in the UK will be denied Cancer drugs they need today, it will be decided that the cost is to great, and they won't be granted the treatment. Meanwhile our government is busy funding Contraceptive clinics in Malawi"

Pete, There's different ways of taking company share awards... one of them entails a vesting period of 3 years with no tax due after it. It all depends on how the shares were awarded at the time, or how they were structured in the share save.

Even if this is legal, it shouldn't be. It will be yet another tax dodge depriving the NHS and other public services of the money it needs.

Honestly mate, I would phone HMRC. It might seem good saving tax just now, but the defense of "HL told me so" won't wash with HMRC if they audit you in the future. They're not to be messed with, they take no prisoners if they think money is owed. As a bare minimum if you're going to try and see if you get away with it... put the tax due in a separate account for a number of years haha... you don't want a nasty surprise and not have the funds sitting to pay for it if you're already fully invested.

it's not morally right*

But this sounds dodgy... how can they do a "return of capital", and you still hold the shares? Surely income is income. And if it's not taxed then this is yet another way of the rich sh*tting on public services by not paying their fair share. I don't expect those benefiting from it to agree of course, no Turkey's voting for Christmas here... but it's morally right is it lol

Uh oh... it seems those that didn't listen when HL was recommended are regretting it now :-) haha

And yeah you're right the markets were rubbish around this time last year... sell in May and go away they say.

I went to Dubai in March... the wife's just back from Ibiza, she went to the quiet end with her pals. Not going anywhere this year again, just about to buy a house.