Member Info for mojo7865

Maybe but I’m hedging at the moment I’ve got a position already but keeping the powder dry just incase another opportunity presents itself. I’m still positive on bp hitting 3.40-50 by jan especially around inauguration time.

Only 90 or so points right now but expecting a larger fall later and coming days. There will be profit taking and a breather I reckon. 255-262 pull back I’m expecting.

While I don’t disagree the Dow could hit 40000 at some point I doubt it’s anytime soon. Looking at what it’s composed of the 30 companies in there etc. I remember the euphoria when the Dow hit 20000 a few years ago and cnbc “analysts” said the Dow will hit 100000. I’m veering on the side of caution at the min. I don’t think the current rise is sustainable on the Dow it’s all sentiment. I can’t see airlines for example clamouring to fill orders with Boeing anytime soon it’s a big commitment to spend upward of 50mil on a plane let alone a fleet if your travel schedule is on the light side.

The damage done to businesses and jobs unfortunately will soon be known. Short term wise though agree ride the wave etc.

My guess is a brief breather possible down to 260 in coming days before a rise upwards. The rsi is well overbought each time a vaccine was announced followed by a breather. Overall though this is severely lagging behind shell should really be more around the 3.40-50 mark.

Having been a holder for the past 10 years I have to say the black horse looks limp.

My theory on the current climate.

Covid - furlough/mortgage holidays coming to an end = A big recession. Joe and Jane are likely to be out of work and to further exasperate things, be hit by a double whammy of a no deal Brexit. Companies will need to adapt to a no deal which will require investment ,and also cost more jobs.

Credit cards have been maxed during this period. it's not only home borrowing all of what Lloyds is exposed to. I can only see one outcome in the coming 24 months.

Joe and Jane out of work unable to service their debts banks taking big write downs as defaults go through the roof, and with that banks will require bailout part two. So i expect a so called triple recession in this instance.

Home owners who have big mortgages but, no jobs can't be saved by low rates they will need to put the properties on the market (or hope their savings can carry them till they find work but, in most cases people in this country live pay cheque to pay cheque). The only problem is no jobs! who will buy? this will create a tsunami of reductions. I expect a 20-30 % drop on properties in the UK over the next 24 months.

What can the GOV/BOE do ? nothing in my opinion

BOE unable to help as it's only jobs which will boost the economy not printing of money, low rates, and buying up of gov bonds. The BOE will have no tools to help the economy all that can be done is delay and kick the can down the road but, how long for?

https://ukinvestormagazine.co.uk/does-the-bp-share-price-offer-better-value-than-shell/

Any reason why this is severely lagging behind BP. From what I can see this Q2 dividend people are on about is not that different to Shell we offer 1.08% and BP offers 1.35% for Q2 seems bizarre to me. I would have thought people would notice BP has made a lot of gains but, Shell hasn't so would be buying this instead.

https://www.dividenddata.co.uk/exdividenddate.py?m=ftse100

Setting the rates for the past 10 years at near 0 allowed house holds to acquire more debt than they were ever capable of paying back now they want to fleece shareholders by making banks take on more debt with our money. Same old adage really BOE never really learnt any lessons from 08.

https://www.ft.com/content/356dfb05-4dc1-47e5-afde-324ca1939328

The rate this has fallen has become ridiculous. No logic at all US inflation problems brings European shares down etc. Yet when they bounce 100s of points we don't move just push further down... Fed up with this sort of nonsense. How fragile is the economy that it cant hack 0.25% rises here and there ffs are people that overleveraged again?.

i too have gotten sick of RTY i was expecting to make money off it instead of losing it , i just think this share is being played around with so i have gotten out and jumped in to the ftse100 at least its alive where as i think this is being held back by the bb who dont want us to get rich lol gl all hope this does eventually pay off for you all.

13:41 1,350,000 @ 7.00p 13:41 4,650,000 @ 7.00p

i know i feel conned too when the price was falling i did find it odd maybe someone knew what the offer was gonna be anyways this is just black sea's way of testing the water i feel that this is an auction of a company your not gonna offer high if you think you can get it cheaper, also we do not have to take up the offer if black sea takes over we can still hold our shares : )

Now that i am wrong about how much black sea has offered i can say it does look like a flush out to see what other parties are willing to offer, offer is low because they don't want to offer in a high price just in case they do get it cheaper, but surely this price has to have other parties willing to go higher as it is no where near what was expected even 15p would have sounded reasonable

In the offer its actually share holders choice to hold these or accept the offer so in the interest in those who still hold if the offer goes through and you brought in too high u can leave these, my personal hope is now that other parties who may be interested they will counter bid as this price is very low.

LOL this is the news i was waiting for :O this price is way off mark man i cant believe how little their offering its stupid really

Ive notice they have been building a stake they have brought 450k more this past 2 weeks

Im hoping we hear some real news rather than more RNS because it has been quite a while reasons why i think its taking long is possibly if there are up to 6 interested parties in RTY there could be a deep bidding war (wishful thinking) but nothing has been finalized yet, until we hear a formal declaration of the intention and price we just have to wait and wait some more :(

Im repeating myself but the fall in price is due to small investors selling i have not see any major sells from the big boys if failing bank covenant was the actual reason i would have expect to see a big drop in quickly rather than gradually and also an official report of this, people who brought this at 2p to 4p or so are in profit and may have decided that they should sell as RTY has had no news for a while regarding the bid people are getting restless including myself, those who sold out have decided they can make money elsewhere because of lack of movement, this is my own view.

Is there anything official to say RTY has breached its bank covenants?

No news unfortunately as for pulling out it all depends how much you are willing to lose wont make no suggestions to stay or leave but you can make money else where, if you are holding these i do believe they will go up eventually once we have news but expect to watch over shares go up while you wait, best thing i can say is if you do wish to continue holding these check them every morning if there still the same then wait till the next day.