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Not views facts mate IMO. I'm neither left wing or right, couldn't give a monkey's about politics all a bunch of self serving hypocrites as far as i'm concerned.
Why i am i here? Just voicing my opinion to another posters views, not right bothered whether anyone agrees/disagrees freedom of speech and all that.
I will agree however that the topic has somewhat drifted from the main chat of the current SP performance. GLA
All opinions welcomed Triumph but for me she sold of the UK in a bargain bucket sale. The very rich got richer and the fat cats now reign supreme. Hundreds of years building a empire sold off to the lowest bidder. Why did they allow at the time? Greed, flog cheap shares in undervalued national assets and make a killing. 70% England water companies owned by foreign Companies, gas, electric transport etc all gone, a disaster for future generations.
Anyway rant over. On a positive note (for me anyway) Thatcher the Milk snatcher stopped free school milk (too expensive) i hated the stuff.........GLA
Is that the same Maggie Thatcher that sold off over 40 UK state owned business b4 being ousted? Most now in foreign ownership.......geez
Agreed Trump and buying is a damn sight cheaper than renting. My daughter bought a TW new build a year ago. She is 2k better off annually and fixed her rate for 5 years. Happy days
Liz Truss.......agree humpy, we're singing on the same hymn sheet on that one. ATB
One big difference the population is now 10 million+ than it was in the 90s. That's lot of demand for housing. GLA
Christ Humpy what a dire picture to forecast! My readings find that property prices may stall and interest rate's may reach average 3.6% mid 23 (which is still historically low) best or worse case scenario who knows.
Also you think that the Gov't will allow the demise on household incomes, i think not and war won't last forever. Tories will be bending over to put money in peoples pockets or they'll be out on their ar5e come next election this gov't has had the biggest bunch of **** ups ever to serve in office.
Time will tell but one thing is for sure is population growth, as a Country we have a huge shortage of homes. People need somewhere to live and as the saying goes " an English mans home is his castle". Cheer up humpy it might never happen :-)
Simon ASOS been here several times before with shorts 2016, 2019 & now 22 shorts were around 6-8% in 16 & 19 share recovered rinse repeat. I have no doubt the same pattern will arise again in the future. PI's get fleeced while Institutions fill their boots. Unfortunately PI's have no sway in most stocks its the Hedge funds, Pensions managers and Institutions that control the markets. All IMO of course GLA
Housebuilders being hammered today across the board. You couldn't make it up. A small Island with a ever expanding population, a national housing shortage with demand way outstripping supply. PSN debt free house builder 50% decline YTD in SP. Am i missing something?
TV, Press all media like nothing more than painting a picture of approaching doomsday. BBC probably the worst as they are public funded, then the gutter press we have them all.
Paint a story of doom and you'll sell more papers/ attract more viewers. Sensationalism is how they thrive.
31-Aug-22 Berenberg Bank Buy 2,500.00 1,800.00 Reiteration
I don't pay attention to broker ratings but thought worth posting, if and a BIG IF they are remotely correct the upside is a 3 bagger for those that are patient. Personally i am looking for a higher target but happy to wait for a few years. GLA
Scallop i'm £18 avg, not remotely concerned. Patience will pay. GLA
Totally agree with you on that comment Jon. Shake out as many PIs as you can ready for autumn reporting and fund purchases. Private Equity will also be circling like vultures. (that's my belief why September is usually a poor month for equities). Also agree, media having a field day over energy and cost of living, nothing they like better than turning a drama into doomsday scenario. GLA
From the Evening Standard......way forward?
City Comment: The Bank of England needs to go for it
THE letter to the FT is blunt. The banking crisis needed a £150 billion intervention from the Bank of England. The Covid pandemic about the same.
And the present energy crisis? A cool £200 billion, magicked out of thin air via quantitative easing, money-printing if you prefer, though the actual process is electronic.
Learned professors David Blanchflower, Lord Sikka and Richard Murphy aren’t long on optimism. A sample: “millions of jobs will be lost”, “mortgage repossessions will increase”, “the likelihood of recession on a scale not seen since the 1930s is very high”.
Are you cheered up yet? The Profs point is that none of these disasters have to happen. The Bank just needs to go big, because it is the only entity that can really save us all from catastrophe.
Since it seems a matter of near inevitability that the next Prime Minister will have to tell the Bank to take radical action, it’s not clear what the point is in waiting.
Let’s assume we won’t actually allow the poor and the old to freeze to death this winter. That when it comes to it, we will find, or invent, the money to cover fuel bills, making vague talk from politicians about cuts to income tax or VAT look rather twee.
The objections to the Bank spaffing money about will be that it could fuel inflation and that well, it sounds like a lot.
But inflation is driven by global forces that there isn’t a lot the Bank can do about it.
And not spending money now to avert disaster later won’t be cheaper in the end.
From the Evening Standard
City Comment: The Bank of England needs to go for it
THE letter to the FT is blunt. The banking crisis needed a £150 billion intervention from the Bank of England. The Covid pandemic about the same.
And the present energy crisis? A cool £200 billion, magicked out of thin air via quantitative easing, money-printing if you prefer, though the actual process is electronic.
Learned professors David Blanchflower, Lord Sikka and Richard Murphy aren’t long on optimism. A sample: “millions of jobs will be lost”, “mortgage repossessions will increase”, “the likelihood of recession on a scale not seen since the 1930s is very high”.
Are you cheered up yet? The Profs point is that none of these disasters have to happen. The Bank just needs to go big, because it is the only entity that can really save us all from catastrophe.
Since it seems a matter of near inevitability that the next Prime Minister will have to tell the Bank to take radical action, it’s not clear what the point is in waiting.
Let’s assume we won’t actually allow the poor and the old to freeze to death this winter. That when it comes to it, we will find, or invent, the money to cover fuel bills, making vague talk from politicians about cuts to income tax or VAT look rather twee.
The objections to the Bank spaffing money about will be that it could fuel inflation and that well, it sounds like a lot.
But inflation is driven by global forces that there isn’t a lot the Bank can do about it.
And not spending money now to avert disaster later won’t be cheaper in the end.
Jon a week ago you said anything under£2 billion was ridiculous now your on about £1.2 bn. Your as bad as clifford and dogger. Looks like you've been ramping long and getting desperate now. I'm 65% under atm with this share but looking at the next 1-5 years who knows what will happen, but i'm confident i'll turn a nice profit.
Problem on these boards is majority just looking to make a quick buck. There's a stark difference in investing and just taking a punt for a quick return. GLA
Jon thats the worst ramp you've done to date!
I think dogger and clifford are same person. 2 individuals could not keep repeating the same drivel. Talk about boring Zzzzzzzzzzzzzzzzzzzzz
Thats right Ozzie get if off your chest.......phew, need some ganja mate.
Good find Mark very funny :-)