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Hmm well I doubled my holding here after first purchase in low 60s then again after Morgan Stanley raised there holding again low 60s.For me food businesses mostly doing good job passing on inflation apart from Hilton foods.I like gnc as don’t think there is huge competition and convenience food still growing area single and couples cheaper just bang few micro meals in microwave and something on the side.I work in food manufacturing producing biscuits and it’s never been so busy for the last few years all ways running overtime to keep up.
Yea load up low 50s few times London tourists picking up was highlighted in update they were missing them at London casinos but things might have turned round and I don’t expect it to be long before a bid good luck all.
Have seen hospitality companies results reporting London doing pretty well good recovery especially with tourism this may bode well for the casino recovery as this is there main bread and butter down in London fingers crossed.
Not heard anything will find next update I guess.But I sold out this morning even though I still think there cheap and potential for a lot higher price reason was with huge rise from£1.30 to £2.05 it ended up 10% off my portfolio.So will wait on results now even if it’s really good and end up paying higher price to enter again gl all.
Stock markets rising assets under management rise profits rise fixed cost base becomes less of a problem.All in this sector have been recovering as I have said I expect interactive investor to have been doing really well but we will see.
Can see shorts here getting burnt fingers lots of upside to come. Very interested in seeing how ii acquisition is going at the time I thought they had paid to much but I expect the numbers will come out pretty good for it.I use ii my self and had my late fathers account also transferred to me recently was very quick and efficient communication excellent.
Take over offers will happen long before any recovery I think interest rates will peak by February and then revert to a new normal low rate like we have had for last 12 years but this is my thinking.So I’m busy filling up my bottom draw and locking some money away in 3/5 saving bonds but just holding of at the minute.
Well we have had a update on trading which seems ok as not another profit down grade apart from the usual inflation pressures.Now the energy bill was forecast to hit £46 mil now maybe 34mil . Uk Shares going to tread water or drift down some more but I’ve added some today the value of the casino business only must surly be on bidders radar at these levels
Speculative buy.Debt very high over 1 billion but be honest I’ve not checked any terms of this yet.They seem to have made a good move fixing electric 2023 though mainly gas till 2025.It will all be down to how consumer confidence plays out and inflation interest rate rises don’t concern a huge amount of people as it finally gives them extra income to spend me included.I don’t see a rush to buy yet but am going to take closer look then add small position knowing this is a long turnaround also there maybe good news for pubs in budget.
I’ve still not bought back in yet but going to be averaging in soon going on saga comments yesterday motor inflation at 13% and expecting it to remain high next year as well but I expect it to be a lot lower.I’ve not long just renewed my car insurance paid £266 last year managed to get them to renew at £315 but could not get cheaper any where else so that’s about 20% mark up.If this is across the board then they may be at a point of recovering inflation costs.
I no retail in general is going to suffer rest of this year and maybe we’ll in to next year but diy is more priority when things need repairs so I think will do ok at Wickes at £1.20 this morning was well worth tucking a few away.
The house market has peaked for now and has been in the press going to head down but by how much and for how long.Over the years the impressive profits have been driven by abnormal interest rates low inflation steady pay and huge government first time buyer support for which are all ending and again buy how much and for how long.For me the golden period has ended for builders for now but when the wind changes as it will I’ll be in.