Member Info for madrugada

You need to edit your posts. Think about clarity, meaning and relevance. You ramble, obfuscate. What is your position regarding CBG as an investment or trade? And who the f..wants to read munch, munch after every post?

Good advice given. It’s a question of patience with Evoke. The business makes money. The labour government is a problem for most businesses and it’s extremely unpopular. Reeves and Milibrand unwilling to listen and change policy. There’s a history to this: this is what politicians do even though the facts change. Of course, political intransigence results in them being kicked out of office. Remember, this was trading at 60p before Browne attack. Hang in there.

A year ago the share price was 70p. Labour’s imposition of a higher gaming tax at the suggestion of Gordon Brown and debt worries regarding the acquisition of the William Hills betting chain have seen its share price spirilling down. Before that there was talk of it being a takeover target at 130p. I would be surprised if a takeover offer is accepted under 65p.

What’s your target? Mine is 280.

It was Reeves decision to increase gaming tax that sent the share price down from 70 to 20. A new government will reverse this policy. Evoke will probably be bought out by then. It’s business that makes money. The problem is servicing the debt.

The Conservatives are to blame. There was never any policy regarding the gambling industry. It was seen as a cash cow that kept tax revenues flowing . The reduction in slot machine spins to £2 was damaging, then an increase in online casinos tax. A White Paper consulting document into the industry was almost completed before a leadership change. A new leader changed policy. A new inquiry… never completed. The industry has suffered- whether intentional, serious damage. Look at Rank. Their business was almost decimated during Covid. They lost over a hundred million. The new tax is less severe on their business but a hit of £45 million, together with rising costs , doesn’t make it a compelling investment. Evoke management can only hang in there and wait for a change of government.

Wrong. It used to be. All main stream news outlets have suffered an erosion in public trust. The public is being lied to. Look at the explosive popularity of YouTube news programs. Watching British tv is a mind numbing experience. ITV seldom has any programs above moronic.

Gambling stocks have fallen since Gordon Brown’s proposal to increase taxation on the sector. The industry needs clarity regarding any change in taxation rates. Waiting until the autumn budget, seven weeks away, will only increase fear and uncertainty and continued share price erosion. This is not how to run the economy. The gambling industry is an especially important sector providing employment for hundreds of thousands of people and contributing billions in tax revenue. Reeves should acknowledge this contribution and come with a statement regarding government plans. Until then, investors will stay on the sidelines.

They tried this in Holland. The government thought it could raise taxes by €200 million. Instead, tax revenue fell by €200 million. It’s just a proposal from Brown to increase child allowance to families with over with two children. It’s not on the agenda for the current government to change the current policy. It may well be come the next election. However, it’s not a vote winner as it would benefit migrant families. Can you imagine the headlines! Perhaps taxing banks might be more popular to reduce the current government deficit. Means testing of pensions could also be on the agenda.

Rank announces their full year trading update next Thursday. Positive momentum should see 180 and 200 by January.

I can’t take rights offer up in my ISA. I’m not eligible for some reason. Is that because I’ve maxed my ISA out for this year?

How will demand hold up for trans Atlantic flights over the coming months? Europe is a much cheaper holiday destination for Americans than the US even if the dollar depreciates. Demand from Europe is strong. Jet fuel is cheap.

This is heading towards £4. I would hold on. Holding a losing position can be psychologically exhausting and there is the feeling of getting out of an exhausting relationship into a new. But what if your partner has changed? Are you sleeping better now?

I bought Lloyds when it was 40p. I saw the raising interest rates as a catalyst to increasing earnings. Unfortunately the market didn’t see it that way. I thought it should get to 55p. If a sector is out of fashion patience is needed.

This has gone up from the low 50’s in the last three months without much in the way of positive news. It looks like a takeover pattern to me.

Should they pull out of the Interactive Investor deal? The world has changed. It seems awfully expensive. I think the market would appreciate the deal being canceled. Thoughts?

Did those analysts, who downgraded ITV, consider households cancelling their subscriptions to Netflix, AmazonPrime and Disney? These companies are already suffering subscriber fatigue. Inflation and the increase in living costs is forcing people to evaluate what to cut. I wonder what the reaction would have been if ITV had decided not to invest? They do have to invest in new content to attract advertisers. I do find the sell off overdone and illogical. Where was the negative news? It wasn't a profit warning. I can't think of a company that issues such a positive trading update, making almost 500 million profit, that falling 25%.

I recommend reading the press release on BP’s website regarding Rosneft. The statement says it is exiting its position. The same as the NWF.

Is ExxonMobile selling its share in the Sakhalin 2 oil field? What about Royal Dutch Shell? I know that the Norwegian Sovereign Wealth Fund is planning to divest of its Russian holdings. Why the panic to sell? Looney should have told Kwarteng to stay out of it. Do something about selling arms to the Saudis. What action did the government take regarding the murder of Kashogi? How can the UK take the moral high ground when it encouraged Putin’s money? This government is pathetic. We have a rejuvenated Boris Johnston acting like Churchill. Perhaps this crisis will save him. People have short memories. Remember Thatcher being saved by the Argentinians invading the Falklands.

Agree. It’s an unloved company. It’s cheap. It’s making money. It has good management. Could it be a takeover target? Look at Centrica. A similarly unloved company. Sentiment changed and it’s motoring to 80p.

I can see this being a takeover target again. Business is only going to improve because of NHS backlog.