Member Info for LWHL

With a couple of exceptions, I tend to avoid that chat board platform now.

Yes, let's hope so, TDF! GLA.

Well, whether an II is building a position right now or not, I am absolutely convinced that a good finance deal will certainly see such activity at that point.

And then watching the SP action is likely to be fun.

Been in a few where that has happened. Even in a bear market scenario, you often get really quite material progress in a short space of time. In a good market, even more rapid of course.

As I think I mentioned a while ago, a good little indicator can be when you see a bunch of new posters turn up to to try and save longs from ruin :)

IMO, we do not have those on here yet (long term bears do not count in this thesis).

Hopefully soon though :) GLA.

Certainly hope so. I am sure we are all getting a little bored with the SP action!

FWIW, I plan to buy more if we break and hold that 200 DMA myself, to add to the existing pot.

Just need to get there now :)

It is that 50 DMA that we are having a battle with, to break above and to hold, IMO.

When we successfully achieve that, I do not see much further resistance until the 200 DMA.

Break above that line, and typically you will see lots of traders pile in, especially if the move is 'confirmed'.

So I do not think it is panic sellers looking to take, what in most cases can only be, a few pennies of profit.

All being well, not much longer to wait. GLA.

Thanks in advance, MrW. Enjoy your afternoon!

Thanks as always, for sharing your ideas and thoughts, MrWolf.

Did you and your friend discuss BAC at all?

I would be interested if you did. Not because I am either short or long that one, but to see if it matches my own bearish opinions on that particular name.

I was looking for 137p ish for my latest trade, but gut feeling led me to take a small profit in the low 134p range.

If we see another pull back to that 132p level this afternoon, I will probably return to the scene of the crime!

If my gut feeling lets me down (it often does) then GLA once again and enjoy your profits here.

Not sure that I see much of a bounce back up taking place, but I am essentially satisfied with that update.

I mean, the fundamentals came as no surprise, but IMO the management are showing us that they know how to handle these headwinds.

So, on a three year plus time frame, IMO this is not one to worry unduly about.

Still can see it going lower in the next few months though, which is why I am holding, but not adding, at this stage. GLA.

Have you seen the various global debt clocks?

Google them, if not. Not enough tax payers in the world to resolve that!

But, yes, we do need, and indeed have needed for decades now, far fewer workshy passengers and far more net contributors.

For various reasons, we have allowed our country to take a really quite unwise path, but the damage is done now.

We need simply far less government, far less public expenditure (basically none outside of essential, front line services) and low taxes to attract and retain the right quality of people.

Obviously that is never going to happen, short of a total societal collapse, but you asked a question and I gave you an opinion :)

Meanwhile, continuing to watch this one with interest. Just the small holding at present; was waiting for the update to take a view on a potential trade. That delay might offer one, IMO, as it seemed to spook the markets a bit, regardless of the explanation that was given. GLA.

Actually, the lack of rumours might increase the prospect of a t/o.

Certainly IME, the majority of bids come out of the blue and equally, the majority of speculated t/o's come to nothing.

I have no idea in either direction on that front here at the time of print, so please do not take this post as an attempted ramp.

We have not seen any TR-1's yet that indicate any of the main holders have reduced or bailed completely. Nor, for balance of course, any signs of increased positions either.

What we do know, is that I am only a few days away from winning my gentleman's bet, which would not be as satisfying as a 150p bid, but will offer some comfort while we wait to see how this plays out.

Of course, the dream would be a bid before Friday to tick both boxes :) GLA.

Great (or perhaps, foolish!) minds think alike.

Similar price that I also got, although my purchase was after yours (and my 131p quote did not execute).

GLA.

Beyond that, no idea. Although the types of buy and sell prices that we keep seeing on a daily basis makes this a pretty much unique experience for me.

It continues to perform strongly in a selling market.

All that said, I took profits yesterday. And clearly have left plenty on the table for the next man too.

It will remain on my watch list though, although it gives every impression to me of having much further to run.

My inability to develop a 'feel' for this one, in part led to my decision to take profits. GLA.

I thought the results were OK, but not really surprised with the market reaction.

This is market sentiment, not BARC specific.

I thought about pulling the trigger earlier this morning, but want to see how things go when the US opens later.

I would like to see a retest of circa 132p, and if it holds, will likely jump back in for a trade.

Might not get the chance of course, in which case, GLA.

Not sure I entirely agree - increased volatility should be good for us - and I think the bulk of our clients are professional traders, not the meme-stock crowd (who I agree probably are starting to put cash into savings, rather than trading now...for those who have not blown up their p/f anyway).

But if you are right that revenue and earnings are going down for a year or two, then all the more reason to make significant cuts to the headcount here right now.

Along with far less generous remuneration, from the top down. Until revenue and profits have returned to where they should be. Basically far fairer performance-related pay.

And while we are at it, put a stop to that foolish 1% post tax charity donation that I think June initiated.

Let shareholders make such decisions on an individual basis.

I do not think the banking sector risks have diminished.

But at the time of print, the markets seem to broadly feel otherwise.

Therefore, they might revisit this name at the earliest opportunity, although a few weeks is a long time to look ahead in this type of climate!

If I were Apollo, I would be more inclined to see how things were shaping up around February or so.

That said, CVX just announced a take out of Hess Corp (paying too much, IMO), so who knows?

The lack of general talk of M&A activity in this name is probably a good thing, insofar as it might make it a more likely prospect right now.

They will happily take our cash, but the jury is firmly out on whether we get anything approaching a decent ROI for this next round of handouts/investments.

That quote sounds rather ominous to me, meaning I have my doubts, but hope to be wrong, naturally.

And another name to add to the list of people to try and get rid off, should the next update be poor.

Should be buying not selling. After all, as global head of strategy and corporate development, surely they are confident that they have justified their remuneration to date, and that their performance means we are going to see a much higher SP soon...meaning they are giving away their golden tickets for much less than they are worth?

Getting pretty fed up with this now.

After that IM update, I expected us to sell off.

Perhaps, at last, the market is starting to have a little more faith in us.

Hopefully we can continue this positive momentum going into next week and beyond.

Good weekend all.

Yes. It was a good day here.

I was going to take a side pot trade this morning, but I chickened out.

So naturally, we rose, when most of the rest of the markets sold off.

You are all most welcome :)

Good weekend all.

The appeals process is unreal! The legal game is the biggest racket going.

Is this all being funded by Friends of the Earth?

Looks like we are going to have to wait a little longer for the next attack on the 200 DMA and probably the 50 DMA, too.

Luckily we have plenty of other work streams to continue to build real value here. Annoying though.