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Following on from recent posts about inflation coming down dramatically, allowing the BoE to cut rates sooner, this weeks data reinforces that opinion.
Following on from growing unemployment and weakening demand, non food inflation (clothing, footwear and other non food) for April has come in at -0.6%. You have to go back to mid 2019 to December 2021 to find comparable negativity (deflation) Overall shop prices are 0.8% higher y.o.y in April vs 1.3% last month. This fall in the annual retail component of inflation, when added to the decline in gas/electricity costs in April, will see the offical inflation data fall dramatically when released mid May. It is possible to as low as 2%. The Bank of England must cut rates at next Thursdays meeting. To continue waiting will only exacerbate the criticism that it was too slow to raise rates when inflation took off.
Comments from the CEOs of NEXT and Primark reinforces the slowing inflationary forces. Without doubt this is very much to do with CHINA flooding the world with cheaper goods as it battles a slowing property sector, which has powered the countries economy for the past three decades. In fact, in one year during that period, they used more cement than the USA did in the entire 20th century.
Forest. I completely agree with you there is a degree of hype in the US. As for FTSE at all time high just over 8100...it was at 7,000 in the year 2,000. That's a long time for such a poor performance. It is down to the massive withdraw of funds by UK institutions in favour of overseas.
We have talked about the undervaluation of our domestic market vs International and the takeover of these bargains continues. BHP for Anglos this week followed today's bid for Darktrace. The penny will drop eventually that all UK indecies are below fair value. Keep holding as the tide has to turn sometime.
It's difficult to put a degree of certainty on this proposal. It's difficult to assume any timeline. It's difficult to pin down how the public/private funding will influence the balance sheet (asset value vs debt structure)...
what is not difficult, is to realise that a company with a market cap of around £20m, with revenues growing strongly, involved in market sectors very much in the spotlight...represents an incredible opportunity for investors.
Should the if, buts and maybes of Arnish and Methil come to fruition, you will be buying into a company at a fraction of it's future value.
The uplift to NAV following huge capital investments in the four facilities, the accretive impact to net profit from state of the art, labour reducing machinery will all pay dividends.
As for the morning. Positive but no cigar just yet...finance needs sorting.
firstly, sonia never won eurovision, came second.
secondly, i am sick and tired of reading your replies to people you should have blocked long ago. if you do not give these people a platform for their keyboard warrior tosh, they will go elsewhere for their stupid pleasures. you are too blame!
they never add anything new, just the same old negative tosh. the sp is ****e, we all get it and we all have to deal with it.
if you keep telling them how stupid they are, they win...coz you are the stupid ones.
now block them and see them disappear...for gods sake!
Stokey. I hope they are putting in sufficient footings to allow a second tier should the endeavour prove successful. It would not be a big additional cost but would greater flexibility in the future.
The second from last paragraph on page 4 highlights the socio-economic issues faced by communities in the areas of HW four facilities. This highlights the need for heightened consideration when awarding future MoD contracts...tick
Page five talks of creating a freeport or investment zone in NI...tick
Good post Kaeran
It appears a note by Goldman suggests that the earnings uplift to European defence companies is all but priced in. All major players are down today. Maybe, just maybe they suggested switching from the overpriced big caps into the neglected small cap players...one can hope!
As this article from the DT highlights, many companies feel that their true value and or potential is not being recognised on AIM or the other small companies market.
We are all blame our BoD for the appaling SP but to an extent, the wider issue of the UK investment market as a whole is to blame.
Overseas takeovers of UK companies continues as does share buybacks. I cannot believe I am writing this after 14 years of conservative government. They have always professed to be pro business.
Unless something is done soon, the City could rapidly decline even further with significant implications for the economy as a whole but more acutely, London. Property prices could collapse with unemployment and poverty resembling that of a mining town in the mid 80s...food for thought.
Let's get the finance deal done, secure the companies future, then build some bloody ships.
The sun has finally come out over old London town and the thermometer is at 18°...yeehaa.
To add to this sunny disposition, HW has significantly outperformed the FTSE this week by nearly 10%. I know this is a laughable gauge but it is still remarkable. Despite many of us expecting a sell off when no finance deal was announced, end Q1...we made it through the week with a smile and a lovely story about a steam ship company (who never intended to give a contract to a UK yard) lieing to the very people they are duty bound to serve...delicious.
Have a great weekend, 70° and wall to wall sunshine darn surf!
I know this article is from Feb but it just goes to show the biggest global investor still thinks there is room for more to play in the defence sector. 2024 has seen a 30% gain in the European and FTSE indices, with a near 80% uplift over 12 months.
Yes, there criteria is minimum a 300m mkt cap but it will not stop the eventual rising tide lifting even the smallest tenders languishing on the shoreline. Stay with it. Northern hemisphere yards are more in demand than since the end of the cold war decades ago.
https://www.etfstrategy.com/blackrock-launches-global-aerospace-defence-etf-in-europe-10339/
Forestperson. In the last 2 years, oil has averaged this level, peaking around $135 and a low of $70. It is exactly where it was 12 months ago. More importantly, gas is 50% lower. Not sure what you are concerned about. Chill for easter