The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
T . I think I was more saddened than spitting feathers at the pathetic state of this country in some aspects. Interesting interview from some Russian official stating that the west's estimation of the number of their forces is typical western propaganda. As the PM's ability for telling porkies is now legendary. As NB suggests it wouldn't surprise me at all if we had helped coerce the Ukraine into believing they were about to be attacked so we could shore up defences, get American missiles hard up against Russian boundaries and deflect domestic trifles. They obviously get their intelligence (if ever their was an inappropriate name formed up information!) from us and the States. Using a 78 year old Ukrainian grandmother to shoulder arms for a propaganda press shoot is about as pathetic as it gets. All helping to create record oil and petrol prices. Anyway the Dow is down about .89% but the Ftse is down nearly 2%. Typical
Morning all. Weather forecaster about as accurate as broker forecasts. Lovely day again. ent to Gatwick on Friday to pick up some family. The website said yo could park for free at the south terminal where the rail station is and people could get a shuttle fro the north terminal because planes are not using the south terminal to land. So we duly parked up only to discover there were no buses. There were two numbers to ring for a bus. Must have been about a dozen cars parked up. Any way naturally there was no answer from either numbers and customer service kiosk was shut with a notice saying ' for customer security these premises are checked annually ! Eventually a traffic cop turned up and asks to leave. Only problem the first barrier we tried to exit didn't work. We rang for assistance and were advised to try and find a barrier that did operate. We did find our guests and get safely back. I left feedback saying it wasn't even a third world airport. It felt more like and end of world airport. God knows what RasPutin thinks he's doing, but it doesn't look good and the markets dont appear to like it either.
Tin hat day for sure sure T. Thank heavens for rugby!
T. John Major is the latest. although not his first attack on BJ's damaging global image of the UK. He is clearly not following the science as one scientist commented on the lifting of restrictions 'its either foolish or brave.' The truth is its neither , its purely a political selfish irresponsible gamble. Thats BJ all over. This is how he has always behaved in before he became Mayor of London. The Topdog is supposed to be in to serve his country. The old Etonians have on many occasions demonstrated they are in it for their own ego and personal fortune.' Levelling up' is another catchphrase from the book of Johnson's stuff and nonsense. What we are seeing is levelling down, while billionaires are doubling their money year on year.
T. Having a laugh is about the best we can do at the moment. Seems like we are going to be stuck with Boris for the foreseeable. At least it looks like we have a decent chancellor which is probably more important. They would only get another clown for us to laugh at. 'I will survive' seems to have lightened the mood. Perhaps he could do his zip wire act again, preferably over the Thames this time. Gove isn't particularly funny, just weird. Rees-Smog now Brexit opportunities minister! I don't know how he's going to beat the Pharoe Isles trade deal, one of our top ten new trade deals last year.
T. Interesting how Ocdo had been climbing recently. I was just ruing not buying yesterday and then they drop these results. Not even sure that the patent suit is fully sorted yet. Just back from throwing the ball as close to the waters edge as I could for the dog, but the gout's back. Really must curb that dog's alcohol intake!
Flippin Heck. Its really thin ice this market. Shorters paradise with weak volumes. Like N I am celebrating anything that gets back to break even at the moment. CNC which is one of my oldest stocks has drifted off 25% now Bach in profit just, Very little news or trading. Had a bit of a conflab with the chair of SWG yesterday about there continuing dire performance. He said of all the companies he has chaired over the years this is the most perplexing. They are in profit with no debt, winning new orders but the sp is 60% down after the results last April. On a PE of about 3! a techie. So if that happens to companies doing well....
N. I think you may well be right about predetermined changes. Ford has transformed a game before coming on as a sub wth something to prove, Smith had played a blinder and I think they just felt fresh legs might bolster a critical stage of the game. The pivotal moment was not being astute enough to realise that without an experienced line thrower we were very exposed to the incident that of course happened Marler throws a stupid rushed ball, possession Scotland on 10 metre line. That was poor management or maybe they were denied an immediate replacement for Dickie. I don't think England are out of it by any means, and purely on game play this weekend I would go for Scotland or England to win the championship. Its obviously going to be close and team selection and availability will be key.
Just read a right up on trust watch saying how muddled the market is. Born out by wider nav discounts and undervalued shares. Now some commentators are calling a recession. Growth is likely to be limited as we know thanks in large part to supply shortages. We have the ridiculous situations though where orders are plentiful but queues are lengthening. Unsurprisingly Tesco say prices will go up more. Thats why we shop at Lidl! They do reasonable range of organic at least 20% cheaper and some fantastic wines well below a tenner. 3 different Italian red Puglias between £5-7. All very drinkable. Cheers
Silly me. Dickie is our hooker (good title for a song). His sending off left England with the farcical spectacle of Mahler 's already questionable history of handling balls, throwing in well short of 5 metres. Bit of a messy end to an otherwise stirling effort
Opening weekend for 6 nations. Ireland really outperformed. Don't quite understand whats taken Wales wheels off so dramatically. England too are having to restructure , although I feel Farrel's absence is a bit of a bonus. Its May's knee injury that has cost us dear. Don't think Dickie could have done much else in that situation, but the most obvious deliberate knock on of all time as well as illegally patting the ball into touch was not the best bit of rugby I've seen from a prop, injuring his back in the process of giving away victory to Scotland in a very tight game. Maybe Scotland's time has finally come again after an epic climb back to the top. Cant tell much from the European tie. Suspect Italy played pretty well while France played well within themselves. If they hadn't added the extra try in stoppage time that would have been a very mediocre scoreline. Looks like another year without a grand slam winner. Looking forward to some more tense exciting games, and another tense exciting week in the markets!
Well done T. I suppose its a question of calling the bottom, which is pretty difficult in this market. Every time I try that it seems to get cheaper the next day and I think thank god I decided not to buy any more. Interesting discussion started up on Stockopedia this morning about the credibility of certain auditing houses. They have been under a lot of pressure in the pandemic simply to catch up. Seems a lot of companies now coming forward that their figures were not quite as good as previously reported. Of course directors have long since sold their shares and cashed up options. FSA anywhere to be seen? I think not
T. Dont suppose the water board will pay for the redecoration, but paying for the plumbing is good. Was it a burst frozen pipe. Has been cold with added chill factor. You might be right about T20's, it certainly shucked have been banned. I assumed they were stilling on because Stocko guy said he leveraged to buy on the first drop, then there was a second drop. He keeps reviewing the same share over and over and they see getting cheaper while he comes up with a new theory about cheap stocks. It simple there are very few buyers around waiting to see how Russia, inflation and pandemic pan out. I see Carnival mentioned something about a drop in sales. I had wondered about whether all this flexible booking havn't exaggerated some of the forward forecasts for cruises. I'm out of Saga again. I know for a fact. some people have delayed, postponed and cancelled bookings, including Stockopedia guy. I can't imagine he could afford a cruise at the moment. Must be a total nightmare trying to forecast travel and hospitality trade.
Morning all. Great results from INSE this morning revenue up 48% materially ahead of expectations, Share price down5%! Even N4p managed to climb 7% on news of global patents now in the bag with China and America the last to grant. They had one poor trial result before Christmas fully funded by a partner and the share price is now down 80% from when it had fewer patents, no partnerships and no trials in progress. two companies reported results today that were not only bad but look decidedly dodgy and although already down substantially I can't see that possible fraud is priced in yet. Utterly mad market.
One last point at the risk of blathering on. Edmund Shing, (Paris-Bas fund manager) has written an excellent piece on recent market activity. He suggests two reasons for the fall are retail panic selling and of course leveraged trading, where people are forced to sell. This is a classic time where people pile in on the dip buying with a T20 or 30, where they dont have to settle the trade for 20 or 30 days. hoping to sell for a quick profit on the rebound. Clearly this hasn't been working for several months and a really bad idea in a falling market. Years back I had a broker persuaded me to try this. We did ok for a while, but then he started trading without my consent after I asked him to stop. He got very aggressive and rude. Ended up settling out of court. Not a pleasant experience.
MorningT. Stockopedia have said this morning that third of stock traded is computerised driving the price up or down. It is likely that ordinary trades will follow that market making an extreme bias. No that that helps much. The other point they make is that higher inflation will make it more attractive to stay in stock over the longer a term as that is where capital is better placed to compete with inflation especially if you are getting some dividends, many of which are at least double interest rates. Tough times, but hopefully we are all keeping safe and well. I'm hoping to ride this out, still have a bit of emergency funding that I will try not to throw at the market, but also planning a trip to India this spring/summer. GL all
Well there we go. Dow goes down 3% and miraculous recovers up 100 points. How do they manipulate he markets so well.
Absolutely brilliant. Must require a huge amount of cooperation. I suppose computerisation makes it a whole lot easier.
Bad luck T. Hope you are ok. All my injuries are Smokie related! Quite a panic sell off today. Vodafone heading up, things must be bad! Extraordinary logic, take money out of some exciting growth stock and stick it into an old dinosaur that has again invested billions in technology that might get banned because it may cause chaos to airlines.
Morning Thanks for your thoughts T. I'm pretty much thinking along those lines particularly conviction trading. Stick to stuff you know and like and keep adding on opportunities. OCDO, never saw that going into the 13's. Dont really understand the business model. The sp looks totally irrational but then so do thousands of other stock at the moment. Ukraine, 5g airline worries , inflation, Boris, totalling conflicting opinions within Who, just like the band! Gl all
N. First time I sold BRWM well after it had topped at nearly £7. This time I sold at £6.At leat I mage something for my trouble. I was just ruing not following my own advice by buying some ABF and was thinking it even more after seeing the update not releasing the market didn't actually like the update. Impossible to read the market right now. Could do better flipping a coin
sorry about the double Irish negative there . Not, not go on forever. No good reason it should go on forever
Morning all. Indeed I am V. Cant remember where! This inflation thing does seem ridiculous. They've been saying for ages that interest rates can't stay at zero forever. So after 2 years lock down and absolute fck off tanker blocking the Suez for months, are we surprised there is a struggle to get going again, causing shortages and surprise, surprise the law of supply and demand = price rises. However there is no good reason It should not go on forever. Its not rocket science. This does look more and more like a conspiracy to all up price rises and of course the main beneficiaries, the banks. I knew commodities were going to go up, but I took profits on BRWM way too early, fortunately I reinvested into my already large position in African Tin miner that are also hoping to produce their vast deposit of lithium. Much riskier. The bigger the risk .....I know what I should do its funny how hard it is to follow you're own rules.