Member Info for LWHL

Nice work. Not bad for a few hours sitting tight and only a couple of clicks of a button :)

Perhaps you will get the chance to repeat the trick next week. Good weekend all.

Most kind - and probably too generous!

I have made a lot of investment mistakes. All you can try and do is keep learning and try to win more than you lose.

I think that would be a good approach to take Gingy. As I said the other day, ideally keep some cash in reserve, should the chance arise to buy some more lower again.

Which IMO is likely, if we see a market sell off at some point.

That is assuming nothing company-specific arises in the meantime of course, that you yourself remain confident in the company, and as long as you do not invest more than you can afford to risk.

Same for any asset class in life really.

I will post if I buy more myself in future - but naturally not to be taken as advice or a recommendation etc. Take care mate.

It is always the same. You should look at the type of menus these jollies offer, too.

Hopefully someone will leak photos of them, as has happened elsewhere in the past in one or another of these 'summits'.

Extravagent food and drink from all corners of the globe.

They really are laughing at us. But I guess we get the 'leaders' that we deserve. Hey ho.

That is most certainly true. I always say take nothing for granted, especially in matters concerning the stock market. GLA.

10% on that purchase would still be a most agreeable profit :)

Blimey. That is a decent slug. What is your target price for that tranche?

I hope you bank a big profit on it soon. 400p will give me a nice profit, but buttons compared to what you stand to gain - all being well of course etc.

They often do I agree, although in this case, I think that we will see an orderly exit of shorts and a gradual return to a healthier SP.

Well, obviously I would prefer an epic short squeeze, but do not think that is going to happen here.

The SP has done what I was expecting a couple of days ago; shame I did not hold off buying back until now.

I also set another buy order earlier this morning as I had plans to attend to. Should have set that one lower too!

Now a waiting game to see what the next few trading days bring. A return to the 360's, or back up to the 4 quid region?

Pure red or black play this one is right now in the short term. GLA.

I should have added, it is up about 10% since I first posted a reply to you, Gingy.

And in that time, it went a fair bit higher than now, before the retrace. So who knows?

It has dipped below the 50 DMA today, but probably needs a couple of days below that level to signify anything.

Rightly or wrongly, I tend to ignore the short term movements in this one. GLA.

IMO this is not a high beta trading stock. More of a buy, hold and forget stock. Add on weakness etc. Not to suggest it is a risk-free investment - nothing is, especially when it comes to the stock market.

But, again only IMO, it is one that (subject to the obvious caveats) will weather the storm, survive recessions and liquidity events etc and come out the other side.

While I am not adding here at the time of print, I am fairly relaxed at the same time with the small allocation I do currently have.

But you sound like you are under some time pressures to get a quick return here, in which case, probably not the best stock to hold such expectations of.

In a market like this....just be careful and try and keep some dry powder, would be my advice.

Blame the CEO, not NF, or anyone else that gets a big pay day via ITV.

Regardless, I doubt it will be the worst financial decison this company has taken in recent years. It might even turn out to be fairly reasonable, although I have no opinion in either direction on that front.

At least, unlike the BBC, or presumably C4, the tax payer is not on the hook for any largesse here.

As I suggested a while ago here, current holders should all listen to the back catelogue of interviews and review all the RNS material that took place while RM was in charge.

Also worth reading some of the comments on these chat boards during that period, too.

When you filter out the various blatant ramper and de-ramper posts, you will find some nuggets of value, which add some meat to the regulatory material, IMO.

I was not a poster here at that time, so I could not claim to be one of the valuable contributers, even if I wanted to :) The other chat board also might be worth a look during that same period, for the same purpose.

Of course, none of the above is either a recommendation to buy or to sell, but I think all of the above would be helpful if anyone here has not already done so, as part of their own, ongoing, due diligence.

And of course, regardless, things may be different this time.

As I said before, for PI's here, I do hope this comes good for you all. GLA.

I use the one that is .co.uk - shorttracker first - in case this site does not let me post the full link.

Although others are available, no doubt :)

Like a moth to a flame, I have jumped back in again. Lower than my last buy in price, and once again looking for that 400p level. Should have just waited for it last time really.

Absolutely flying blind with this one though, so who knows? :) GLA.

Agree. I can see it hitting it's head on 400p today, depending on how the US markets fare when they open, but gut feeling is that it remains range bound still.

I thought it was around 1.8 cover, which I agree is below the ideal number of 2 times, but not enough to concern me personally. See - looks like I was indeed wrong (to a degree anyway).

At the time of print, my understanding is that the dividend is currently well covered. Obviously this can be subject to change should the next update disappoint etc.

Happy to be corrected if any other posters feel differently. Equally, do not take my word for it, as I could be wrong. It happens, from time to time :)

Gold (and much else) will be of little use if WW3 happens, but having exposure to PM miners at least is a sensible position right now, IMO.

It is because the deadline for the MDA is fast approaching; realistically nothing is likely to happen in the last two weeks of December so that means we are still in the dark with approximately two weeks of the year left.

And confidence in this outcome is understandably low. Which does of course mean that if there is not yet further delay or difficulties, the SP should reverse upwards strongly.

It could also be a degree of concern over what the potential deal might look like. HZM might be in the thoughts of a few people, hence this selling we have seen.

I still have my trading tranche here, and I am not anticipating such a dreadful situation being (mis) managed by our BOD in a fashion like that one, but until we see the details of any deal, it may be a factor in the thinking of some.

Another enjoyable post to read. We are on opposite sides of the political spectrum, but I think I would enjoy a glass of wine in your company, nevertheless. Unlike so many on both sides of the 'divide' you actually seem capable of presenting your views and not screeching to no platform those you disagree with.

Anyway, final derail post from me: very few wars are necessary to become involved in. Too much of the foreign aid cash and supplies...go missing. Or otherwise ends up in the wrong hands. Reading up on the aid industry is quite an eye-opener.

Wars are also highly inflationary. And of course, ultimately history is written by the winners.

Our recent involvement in Afganistan also shows that ultimately we will sooner or later likely walk away and let the agressors win anyway, these days.

Expect something similar with Ukraine IMO, although it will not be packaged as such. And then we have the matter of the big one to the East. How far do you go to maintain those principles?

Your words are a joy to read, but ultimately I cannot see any suggested solutions in your two (excellent to read) posts, from the question that Tom first posted, which led to this mini exchange. Which is fine of course.

And we have not even covered the unfunded pension liabilities timebomb either....

GLA and hopefully a better day for ITV ahead. And more Farage in the jungle. I would imagine that a lot of people are tuning in just to hear him. Both his fans and his detractors.

I respect your post. It is thoughtful and not without some merit.

I have to disagree that the public sector is not already well-funded. It is wasteful on a scale that would not be tolerated in the private sector, but at least (by and large) when the private sector messes up, it is only the shareholders and perhaps some of the stakeholders who are affected.

I exclude those, such as some of the water utility companies, who IMO are a threat to capitalism with their business approach, providing a poor ROI for the taxpayer to boot, to say the least.

Back to the public sector: High rates of absenteeism, gaming generous sickness policies (not all employees of course), lack of consequences for routine failure, even major mistakes....it really is very difficult to get fired from a public sector job.

And this cycle of mediocrity and mismanagement lowers average standards further, along with staff morale, especially those who are good public servants.

We are all aware of many examples of the mismanagement of public funds, on a national and local council level. I would posit that what is in the public domain is only a small tip of the iceberg.

No, the funding is already ample. In fact, for what we currently pay, we should already have outstanding schools, hospitals, police, border security and other essential services.

Always plenty of money for wars and foreign aid of course. I would be happy to see a lot of that cash go into funding big projects that we actually need, like improved sewage systems, crumbling school buildings, new nuclear power stations, to the more mundane, like fixing pot holes etc. Not pointless vanity projects like HS2. A national disgrace, that was.

Effective public spending would be most welcome. I hope to see such a day.

As for immigration: I remember hearing that theory since I was a child. I have come to the conclusion that this only works if you do it the way the UAE does. No give and take in their policy. But currently too uncomfortable for western sentiment. Without quality and quantity controls, I am sorry, but it is a ponzi scheme. And one that will continue to result in more and more youth unemployment and all the associated crime, drug dependency and antisocial behaviour that comes from idle hands. IMO this issue was the biggest one for most people who voted Brexit.

Truss stuff: nearly all the economists seemed to overlook the inflation dangers, much as the BoE and other central bankers seemed to, until it was too late.

I have my doubts about the sincerity of their naivety on this front, but if you take it at face value, then it is another example of the dangers of group think, IMO.

Ultimately, we are basically broke. In part, as a result of the above, but pointing the finger is not much use right now.

A strong, inclusive economy will not be achieved by any government. Certainly none that I can see of any of the current political parties in the UK. That is perhaps where we will also disagree.