Member Info for MattTheBrave

Sorry DD for missing your post on Barcs - Sorry Dubious for OT chat- I'll make it quick!! 2 large financials worth investing in in the UK curr - Barcs and L&G. For Barcs, it's the cheapest vs NAV as you point out, has a fantastic core retail UK bus (ROEs above 20%) and is now genuinely (under Staley) cleaning house in the rest of the business. Not out of the woods, but tier 1 capital much improved, and a story which is better than the 0.6x book implies IMV. Won't be a smooth ride though!! On conviction, I have about half the size of position in Barcs that I have in AHT. L&G bigger. END (Dubs,sorry again..)

What sort of bonds are you referring to Spike? Corporate bonds might well behave as you suggest with spreads blowing out. Govt/high quality bonds the opposite - save havens always win when uncertainty beckons. L&G will have exposure to both. However, equities will take the real hit, as they always do.

Gerry, I envy you your confidence. I confess that I see this as a much less certain situation. Trade deal negs will be long, drawn out, and not driven by rational behavior on the part of some out trading partners.....We'll see.

Thanks Riv, very informative post. Fingers crossed.

Only thing likely to bring about a bond bear market is if growth suddenly goes through the roof and everyone thinks interest rates are going to rise sharply. Doesn't seem likely, and even if it does, probably good news for their asset management business. TBH, I really struggle to work out how this company gets badly hurt from here, but we'll see...

Great news if it's true. Don't doubt you, but cannot see it anywhere officially.

Not chosen to go into FTSE100? Can't see why else it would be down?

Trade still looking rather good - about a 10% swing in my favour. I'd be buying back into NCC at £3 - let's see if it gets back there. Stock price does tend to have a history of (unwarranted) retracements.

Try and ignore short term vol if you can. Bottom line here is a well managed company at the low risk end of insurance with a quality asset management business, that's growing revenues and on a low valuation. You just need to wait for the story to play out, but in the meantime, they'll pay you a near 7% yield whilst you wait. TBH, I'm struggling to find a better FTSE stock at the moment.

Agree DD. It also seems hard to imagine that the outlook will be particularly negative given what other market participants have said, and the effect of a weak pound.

Interesting isn't it. Not terrific results leads to initial fall followed by large rise. Mmmm. Could be someone sniffing around I suppose....??

Ha! - Yes, certainly some posters with 'agendas' on LSE!

Well above Vig's target as well..... Sorry sorry, couldn't resist. If you're out there VIG, please come back, I promise to be nice! More seriously, brokers price targets are always behind the game either on the upside or the down side in my opinion. I'll always place more importance on my own target based on the fact that I have no conflicts (ie I don't want a corporate advice mandate, and I don't want to encourage people to trade with me). £15 by year end is still my target. GLA

Your post (K)Nigel - "Some look at charts to work out if the share price is breaking out of a range while others will base it on recent results/news" I agree, but what you've given there is sensible reasons which might justify a stock price target. My point was about targets given without reasons!! If a poster has a reason fine, then please give it - would be my view.

Good luck!!

So you didn't have a target for your initial purchase then JS?

Market seems to agree with you this morning Fats.

Perhaps. I think any reliance on 'too big or too important to fail' is quite a risk though. That said, I do agree that L&G will still be around in 15 years absent them being bought by someone else, which as shareholders, is something we can all live with!!!

Thanks for your response- a few more points from me: - I actually agree that single share posting is slightly odd. For the record, a quick look at my home page will show you that this is not my MO. - My initial point was not about that, but on your comment (and I quote) "... post on investments you actually hold!". Not sure how this can be twisted or misconstrued, but if I have, apologies. - Clearly any action which involves taking risk to achieve a desired result is a form of gambling. The thing I like about shares is that you tend to win over the long term (ie shares rise). In more traditional forms of gambling, the bookie/house/bank/casino generally win!! Just my opinions - not trying to start a fight you understand.

...but a lot of this in the price already so hasn't completely fallen out of bed. Holding Divvy a good message, whilst 2nd half will be better, even if tis is largely because of currency moves!! I'm going to hang in here with my moderate position, but probably not looking to add unless it falls sharply from here!