A good RNS. Most importantly a strong balance sheet and cash position. The reduced turnover, profit and pension surplus makes the recent SP drop quite fair in my view. A sensible dividend and diverse work bank makes this a buy for me, but I expect this will be a slow recovery.
It has been interesting, what I said last week about a worldwide recession, well the media have started speculating, what with the inverted yield curve, signals that UK and Germany may be heading towards recession. Not there yet though, personally I do think there will be a recession soon. Its not to say that there won't be good days as we go along, but things have got riskier, IMO. As for the Trump, it will be interesting to see just how economically powerful POTUS is. I think he will find that the markets have more weight in them.
Come on then buddy, lets have a few words of wisdom from you. Your 4 posts so far have been pretty pathetic and offered little in the way are contribution. Here they are: "Jesus, you are so boring. It must be a blast being around you! Full of so much joy and happiness! All you do is peddle negativity! Do us all a favour and take a day off would you!
No noise from the usual 2 on here I notice!!
Here they both are, must have been feeding time at the zoo! Boo boo kier going down, usual drivel from them to come all day I bet!!
Has been nice those 2 not spouting their negative views!"
My view, based on a historical perspective is that we are due a crash and a big one at that. This is the longest Bull run EVER! When records are broken (S&P500 and FTSE100) the end of bull runs come soon after. Don't tend to dabble in the US market, my feeling is that Trump will manage to sustain buoyancy until the next election, after that if inflation gets out of control (which often happens during prosperity) then the Fed will increase interest rates and the flow of free money will come to an end. That is when I expect the US securities to retreat considerably. And I note we have also seen Gold prices increasing, that's a canary. That's my take on the US, and when America sneezes the World catches a cold. As for the UK, Brexit is noise. And I do agree that some good companies will have their SPs hit, providing good buying opportunities. I am looking to indicators such as the FTSE revisiting 6500 to see whether a retrace will become a contraction or if support can be found. But generally my view of the equity markets are that there are many many zombie companies who have nothing in the pot, in fact entire sectors that are totally broken. I am bearish on the market. Recession is an almost certainty and how will HMG provide stimulus? All of this by the way with or without Brexit.
RE: A Pearly special - Stanley Gibbons05 Aug 2019 11:27
Not a market beater, he lost an absolute fortune with Deb, also MOS, total disaster for him, not to mention CLP. He works in a shop (I'll fish out the post where he says so if he tries to deny it). Very much doub't retirement will come for him at 55. People who work in shops and lose their savings gambling on the stock exchange don't retire early.
I note with interest the commentary from some that Kier has got its debt down. They told the market to expect £420m-450m and the figure has come in between £420m and 450m. So no, they havent got the debt down, they are reporting it towards the lower end of expectations. And whatever you think about that number, the board have told you:
"the Group today has debt levels that are too high."