RE: Needs a shift in momentum5 Feb 2024 10:43
Morning Warty,
Been out of contact. Yes Britain is broken but I wasn't making a political point. I was pointing out what is going on generally which, in my opinion, explains why Brokers need low valuations and sp's. The lower sp means investors are all but locked in with their cash unless they are prepared to sell at a loss. It also means that the lower valuations alleviate the pressure on brokers to retain higher levels of liquid assets to cover their liabilities.
I do not think Sareum will need to change jurisdiction personally, but it does explain the headwinds that shares in general are battling against. So a low sp would suit RF and would suit broker clients and would suit brokers themselves. We "little people" have no chance until the chain is broken somehow.
Check out GGP history in order to appreciate the damage being done generally. There are many other examples.