Member Info for luddite

I think £42.15 will not do it, its just made it easier for the SAB bod to keep their jobs and stay independant, After offering £42 then coming back with an extra 0.3% I am wondering why they think that an extra 0.3 % might open the door to meaningful discussions, seems like they might have now put Ebenezer Scrooge in charge of doing the bidding, I think something well over £ 43 is needed to get them talking nicely to each other.

There was a broker prediction of 7p in Oct 14 underpinned also by a 5p nav. Many brokers are worse than useless but am hoping they got this right so sticking with it. A few years ago the management were incompetant but they seem to have got rid of the ******s and may now be on the right track.

The spanish can ferk off back to Catalonia with their offer, £4 would be fair. We have had the same level of derisory offer for SVT by a canadian pension fund which was seen off so I hope this goes the same way or someone else takes an interest.

I view the proposed price as very mean and if it were up to me would tell them to ferk off. TSB is a cleaned up bank with no known skeletons in its cupboards, I hope another interested party may come along and offer £4 or more.

The PE ratio is historic and not reflecting earnings in 2015 which clearly are going to bring the ratio right down, even if the share price carries on rising. GSK just swallowed a poison pill with a PE ratio of 46000 attached to it so if the present PE ratio is 85 for IAG does not cause me any concern as we are in a period when its fundamentals are facing rapid improvement.

Well gherkins I view Miliband as an asset rather than a liability, depends which way you would vote, the more nonsense he comes out with the better, hes done more for anyone trading SSE than anyone else. The dip today looks similar to what happened last year when it bottomed out at £13 , only issue is when to get back in.

Bloomberg have been running an advert for the Indonesian government for a few years, its played about 20 times a day with the theme that Indonesia offers 'investment grade' opportunites, the truth is that its a bag of **** , anyone thinking of investing should look at ARMS and Churchill to see the reality of how business is conducted in this totally corrupt country then avoid like the plague.

Very funny , I doubt Rosy is quaking in his boots, the idea of him saying ok chaps hands up heres the cash is ridiculous. This is a dog turd of a company even in the unlikely event they get most of what they are owed and Rothchild manages to underwrite refinancing. Freezing a few assets is all very well but theres is a big difference between that and ARMS taking posession of them. I am holding these until it gets played out but that could take a year.

Yes this looks like David Thorntons Penny Sleuth 'blackbox stock' , easily outed by a few clicks of the mouse and he has the cheek to want to charge for this. Mind you I thought I was a smarty pants outing their teaser for Sirius Minerals when they were punting it at 22p to make a very precise return of 464%, I dont feel too clever about that one now, at least I did not pay for a subscription in order lose 50% which would have been like rubbing salt into the wound.

Its a good company and will eventually go back over £27 but it could be 2016, with the oil price dragging down any company associated with it its not surprising to see where its at today, the shorters have had a good day. You should not take notice of brokers they just want you to buy share of the week, had one last week trying to persuade me to buy Phoenix at around £8.30 and Rose they could 'get me in' at 1.79p but only if I bought that day, I really have to wonder what do they take me for . I know the GE story has been around a long time but Weir would be a good fit for their ambitions in the oil service sector, if the price continues to drop you can bet there will be predators looking at Weir.

In February I was expecting IAG to be around £5.30 by the end of December , in the meantime its been volatile and agree its overbought at todays price but I am sticking with my target .

In the event of a market crash or dip the dividend yield will increase by a significant amount , the January dip to £13 gave a combined total return of approx 28% ytd because of this . Low dividend cover does not mean SSE will reduce the dividend . I see SSE as a piggy bank which is able to borrow money at a lower interest rate than I can get from the bank and then pay me interest on my investment at a much higher rate, I dont care about anything else about the business, they may as well be selling manure as far as I am concerned , its really a high interest paying account with some risk attached but with the possibility of capital growth as well if you get your timing right. The share price has held up because there is no sign yet of interest rates going up, I think thats been the main mistake of the pundits this year most of them anticipated them rising by now but they got it wrong, its interest rates that are critical, red Ed and cronies provide good trading opportunities. Over the period since floatation there have been several dozen dips and crashes, even for someone not trading it and simply holding SSE has been a ten bagger with dividends reinvested but at the present price I am not over enthusiastic about adding.

Gerry , I am using a trailing stop loss on SSE but with the price now at £15.88 have tightened it up , theres plenty of time to get back in the event of being stopped out to play the interim ex div game in January. What I am unsure about is will we have a significant dip in the FTSE before the santa rally , looking at the charts we are on the verge of a dip. What really annoys me about the UK market is that private investors cannot write covered calls on SSE because now would be the time to do it rather than sell the shares.

driftking 27 called SSE so wrong that I amazed that he has the cheek to keep on posting nonsense about it . Total return year to date 28% for anyone buying in January and simply holding . But driftking27 need not worry about being alone , most of the brokers also got it completely wrong several times over throughout the year and as for the Investors Chronicle I would not be prepared to pay for it anymore , been reading it for 20 years if I can get to the local library before their one copy gets nicked. I sometimes wonder how these guys manage to keep their jobs writing nonsense and to think they actually get paid to do it. Whats going to happen now , my bet is that if we have a general market pullback before the santa rally then SSE could drop to £15 but then end up back around £16. In the new year we will have the begining of uncertainty in the run up to the general election, this may drive the price down again but remember the panic of the Scottish referendum and then SSE gapping back up almost as fast as it dropped , yet another trading opportunity or good entry point for new investors . SSE is a ten bagger since it was floated beating the vast majority of so called growth shares over the same period, I see no reason why that trend should not continue. Over the years I have wasted too much of my life choosing and trading hundreds of crappy shares in my quest for gain, with hindsight I should have just put everything into SSE and gone fishing instead.

agree with the 7P target price within 12 months, todays share price is well underpinned by a core nav of 5p/share which is based on todays low oil price, can only see the oil price increasing.

Could you enlighten me , 'longs have to close' , unless you are talking about Abbvie calls expiring on the 19th ? There is plenty of open option interest in Abbievie but not enough either way to move the price much. Rumour and sentiment is why I am here , once we have certainty theres not much point in playing the game, may as well open a savings account. The chart for Abbvie looks to me like it could be about to go back to $58. Its clear Abbvie has to come back down at some point but I dont see any immediate reason for it to happen.

If there was any mileage in this story the share price of Abbvie and Shire would have drooped by now so I think we can safely ignore it.

Abbievie just closed 2.6% and the DJ30 down 100 points, Sept shorters closing at a loss must be sick, I would not bet on the shorters making a profit for October . I am sticking with it for another £1 . Bloomberg news mentioned tightening up on tax inversions today but , I suppose thats all the shorters have to go on ?

CPP does not have a lot of trades compared to companies with similar market cap so the market makers feel the need to have a large spread but it can go from 2% to 25% and back down again within minutes, the spread is more volatile than the share price. I have a theory for this phenomenom that the cause is due to the market maker going to the toilet or out for lunch so he presses the 'spread em wide' button on his keyboard to make sure no one can sneak in or out at a profitable price whilst he is away enjoying himself. A return to sub 8% indicates he is back at his desk . CPP will rise but not as fast as I predicted during the latest pump and dump week which is thankfully now over.

Well done , I am only up around 20% so far but happy with that as it helps mitigate my losses on some crappy AIM companies like EVO etc .