Member Info for LennyMac

Are you sure that what you saw isn't just the LSE system reconciling buys and sells at the end of the day?

95p to go! I live in hope. From a somewhat more sobering perspective (and some might say realistic (and Seef would say 'ridiculous')), I am actually hoping for a 50% rise in a maximum of 61 days. Hold on to your hats!

It's probably the malaise of sp doldrums. The three month graph shows very little change for the last 75 days or so, probably because there are other opportunities for big investors out there and perhaps because they are waiting to identify the effects of a) Brexit and b) the change in interest rates. Both factors are 'unknowns' in as far as we've never experienced either condition before and so the consequential effects are, as yet, indeterminate. However, I am unsure about what the other banks have been doing; do they show similar patterns of very narrowly delineated bands of movement for the last month or so?

Here we go again? My sincere apologies. I didn't realise I was one of many. All the best with that then.

The point of my post was that you seemed to be offended by the optimism on this board and the range of positive comment here, which is apparently at odds with your own view on the bank, but your offence misses the point. I agree entirely that the purpose of these boards is ‘to thrash every angle, opinion, view and analysis that those voluntarily submit’ but part of that discussion is the optimism of long- term holders here, surely? You say that the boards are ‘dominated by those who have stakes, and resent anyone saying anything to the contrary’ and yet the only resentment in any of the last hundred or so posts on here is your own; real, seething resentment. You are wrong to say that I believe that the board ‘should be solely for those who own stock and thus you will never rubbish it’ and nothing in my post (or posting history) implies that at all. However, it is clear that I’ve hit a nerve and that your stream- of- consciousness vitriol is probably a broader issue for you personally than simply an evident overreaction to my post. The fact that you have pointed out on here and on the TSCO board that you have been mocked or insulted or slighted by other posters is probably less a rejection of your views but most likely the way in which you have expressed them.

While points in some of your posts are valid, here and on other boards, you need to remember what this forum is: a board for investors with common interests to discuss whatever they feel about the company and its prospects. You might say that '''investors' here wax lyrical on the prospects of this share" but you seem entirely ignorant to the idea that this is a website comprising message boards! The irony of your conceit that 'investors' should deign to come on to the website and discuss the company in which they are invested seems lost on you. Your posts, certainly on here and TSCO, imply a thin skin and a brittleness of temperament, possibly because behaviour like applying inverted commas to 'investor' to describe posters implies the poor attitude you appear to have to other visitors to these boards. Ergo, it is no surprise that you are 'mocked' (your word) on here and on TSCO; the tenor of your language is arrogant and hubristic and funnily enough, people don't appreciate it. Try looking at this company from the perspective of the other regular posters and, even if you don't agree with the optimism, recognise that some of us have little else to underpin our discussions. Otherwise, do us all a favour and post on other boards.

and yet, with an impending cut to interest rates set to boost asset prices and lower the value of sterling (to ISAT's advantage), selling made no sense.

Yep, we all discussed 400p by Christmas 2013.

Plus ca change...

A couple of weeks ago Mailman asked for forecasts on the next time the sp would reach 300p. I suggested 300p by October, thinking that there'd be a big drop after the referendum but things have steadied and, given that we have two months (or three up to the end of October). I remain optimistic.

oh yes; 300p by October. I am (pardon the pun) banking on it!

James, are you sure that what you observed weren't merely system reconcilliations; not actually trades but the way that the site accounts for the buys and sells accrued over the trading day?

Interesting debate. Surely though, regardless of the impact of Christianity on the roots of western culture, the cultural clash with Islam isn't about religion per se but about liberalism. It is the liberal ideal of the tolerance of diversity that has seen western civilisation flourish in economic, scientific and political terms, and this is the facet of society that militant Islam rejects.

That is a ridiculous statement. Neephead was talking about the lazy, vindictive tenor of the debate. Then in you wade, drenched in gormless irony, with some arbitrary, unsubstantiated mortality figure as a useless measure of Blair's culpability. Unbelievable.

The problem with the free movement of labour as a principle is that despite the best and noble intentions of the European project, the flow overwhelmingly goes one way: from poor countries to rich countries. Unfortunately, unless the national governments in rich countries commit to robust programmes of infrastructure building to accommodate the resulting influx of people (hospitals, schools, public transport, housing), the one- way flow creates inevitable strains on the existing stock, causing overcrowding, forcing up prices and generating political resentment. It is simply impossible to accept the principle of free movement of labour without the commensurate commitment to expansion of services and infrastructure. The people in rich countries who bear the greatest burden of this paradox are those who are least able to opt for private sector solutions: the working poor and disadvantaged. These are the people who appear to have voted overwhelmingly to leave.

The biggest threat to Corbyn is the group of Labour MPs who oppose the significant shift in policy orientation that he represents. To that end, there is a massive disconnect between the aspirations of the membership of the party, who support more social justice, state investment and an end to austerity (and Corbyn), and this group, who are a pro- business, neoliberal political class who want to pursue an economic orthodoxy that is very similar to that which the Conservatives propose. His position on the Referendum has been very canny: the official party line was remain and yet it would have been perceived as incredibly disingenuous if Corbyn had been an active campaigner, given his public voting history and statements on the EU, so he took a line that implied support but was highly critical. Perhaps, if Corbyn survives to within distance of the next Party Conference, that particular group will begin to be filtered out via processes of deselection. The watery blandness of the selected representatives of this group was incredibly obvious throughout the Labour leadership campaign last year and it is no surprise that the membership elected an alternative that represents tangible change of policy direction rather than an anaemic version of the government's agenda.

I am sure that there are movements in other European countries that also reject the EU for its failures and would like to resist the principle of the free movement of labour. Let's face it, the EU has historically been a poor decision maker; it is slow to react to crisis and has made lots of flawed, committee- driven decisions, primarily the move to impose a single currency on a group of highly disparate economies and then continue to accept entry of additional members whose economies lack the institutional maturity and governance necessary for really effective, beneficial integration. I am not so sure though that Juncker and co. are particularly threatened; the established elite that runs the EU are pretty entrenched.

I was prepared at the start of play this morning to make a few early swoops but I hesitated. I've been watching the steady recovery of the FTSE this morning, but I am a bit wary of the propensity of the market to suddenly fall away again so I am going to do as Stagecoach suggests and wait for the dust to settle. I think that once some substantial analysis of the negotiating options becomes available, we might see a little more fluctuation and there might be a lower bottom yet.

Thank you Corporal Jones.

Regarding the NHS you've said: 'We have a fantastic NHS lets make it stronger and respectable again for all patients and workers for our generation and future generations to come.' It strikes me as a bit rich that the politicians who are arguing that Brexit will free up a whole load of money for national priorities, most significantly the NHS, are the same people who constitute the government that has, since 2010, starved the same NHS of billions each year in the name of austerity. Surely, in order to create a 'fantastic NHS..[and]..make it stronger and respectable again for all patients and workers for our generation and future generations to come.', we need the government to abandon the malicious, sociopathic policy of starvation of the NHS and fund it to the levels it requires. That choice could be made regardless of whether we leave the EU or stay in.