Member Info for oogleflugal

It has steadied a little now. I think the virus was the catalyst rather than the reason Treacle. Lot of analysts have been warning that there was a certain amount of over exuberance/relief after uk election and that it was not related to whats actually happening in the global economy, no that the two things are ever particularly related! It does feel a bit like the reason for market buoyancy has more to do with what the hell to do with cash. Zero interest rates, top property prices, mortgage uptake declines. Last year I was looking for growth this year its looking for 'safe' dividends.

Big fall big, bounce maybe. They guy who called the Dow to rise 30% last year is expecting similar this year and talks of another 10 year bull run. Could be a slight intermission at least!

Wow. Dow open 1 minute and straight down 500 or 1.7%

Dow futures point to 350-400 drop. 'A pull back of 3-5% would be healthy creating a buying spree next week after results' according to one commentator. I thought about buying this morning but then the market recovered again now looking a little nervous before US open. Expectations are that Carona virus will not turn into a pandemic but could still be a bit of a catalyst in stalling the global economy. Don't see huge amount to be made waiting for further drop, but wouldn't rush into anything till Dow opens and settles. As ever leave yourself room to trade

Dull but 7% yield. Hard to work out how the restructure is working. Undoubtedly Corona will have some effect on the global economy which was slowing anyway. Hopeful its not going to be a full pandemic. Dull can still fall a sizeable per cent but not loose your shirt and pay a decent income if it holds. The 250 looks to have been seriously overbought on Brexit euphoria but value is appearing in the 100.

Perfect storm. Irrationally overpriced market and possible pandemic. Surprised to see GSK down too. Along with BT would have thought these were safer havens. Think this will continue to be a rough week or two yet and plenty of good opportunities emerging. Maybe a little early to go mad though

Enterprise value exactly. I've not been a customer of BT's in any form or more than fifteen years. As far as I'm concerned they have been one of the worst mismanaged rudest companies I have ever encountered. I dare say it is a different enterprise to the bad old days and frankly all large telecommunications companies only look at customers as a statistic not a service provider to loyal customers. Having said that they make a shed load of money. Want some of it!

If £1 is fair value the directors have certainly been busy chucking many £100,000s away with gay abandon for the past 12 months with the amount of persistent share purchasing in the last few months

Bulent. You are not alone. Clearly the market doesn't know where Tlw is heading either. Classic volatility. They have many options, but very few obvious or definite conclusions. The biggest threat now is oil price. A sale would put them in a much healthier position

Julian Richer, (model CEO) was a guest on you and yours today. he was talking about high. street retail and his role as an advisor to M&S. Not all gloom and doom. Apart from his own success their is still life out their with the likes of Dunelm, Pets Store etc well at least three others! He is very confident that MKS can turn their fortunes around. Certainly last year was a year of deconstruction and reconstruction. Julian was convincing about how much worse the Christmas retail figures could have been for MKS without its undoubted rigorous reorganisation the benefits of which will take time to emerge. Ocado was not a cheap purchase, but something worth having ready made rarely is a bargain at the time. Drastic circumstances, as they have been, requires drastic measures. This looks like a bold move by bold people with proven track records. I'm in.

Good point extrader I was wondering which res he had read from Tullow recently. There some other very good articles in that same source. Namely the predicament of nearly all oil majors spending way beyond their means in order to prop up the divi dream. BP 50 billion debt, Shell and Total 22 billion each! Also ex founder of TLW has set up an American backed TLW style operation with eyes on Africa interestingly. What with all this and the Saudis very sensibly monetising their oilfields and the rush from China to undercut Americas Telsa operation (the next trade war) wonder where oil has to go. Ireland has joined France, New Zealand and a few other countries in stopping any further exploration licenses. American Shale is back I crisis so I don't know how the Uk government think there is any future in it. So where does this leave Guyana in particular. Interesting comments from Aidan Heavey (ex TLW). He seems confident there is still 40 years left in the oil industry. Obviously pressure on oil prices is unlikely to ease, but at the same time affordable production becomes ever more key to success apart from drilling in the right place. A lot of confusion and guesswork ahead!

Having pledged he would see out his days with Tullow, the company he founded in !985, Heavey has secured a billion for Boru. Sounds like he is setting up another version of TLW. Will be looking for assets to purchase in Africa. Wondered whether he would walk through TLW's door again, maybe the back door!

Just been reading up on this. Edinburgh Trust sacks Invesco, moves to Majedie after losing patience with Mark Barnett. How much patience do they have!

One thing that makes this so volatile is the high ownership by institutions (80/90%?), so pretty small amount for PI's. Huge fan of Wagamammas, but desperately disappointed with expansion plans (lack of). Thats was for me the driving factor to deliver growth again and mitigate any further write downs. There is so little news to justify these kind of swings. This is a classic trading pattern pre update. You could well have timed it right. Very good luck.

Have to watch this now just for the incredulity factor. Very good trust in the previous century!

Amazed this got into £1.60's. I got out in £1.56. Lost faith with their lack of ambition in rolling out more Wagamamas especially internationally. Might be running before they can walk but thats what they paid the premium for for Waga, to balance their other pile of croc that they don't like to mention too often. Like hows the offloading loosing brands and premises going and what happened to the trial with Sainsbury? Naked trader has taken a short to £1.20. He reckons he's better at shorts than longs. Norges Bank seem to have mastered the art of buying and selling at exactly the wrong time. Gonna wait for the update and see if I've mastered it too!

Pull out of the bag? I think we've had enough of that. Since the' massive oil find' in august it has taken several cricket series to come clean on exploration and production. I contrast Total have managed to publish results of Crapra within weeks about sulphur content and volumes. Tlw seem to have decided that the are not now an exploration company but a very poorly run utility which in no way justifies the level of debt that even without further bad news or 'below forecast news' (Crapra) will they be able to service never mind reduce. To take so long to update the market on production decline from 350 m barrels a day to possibly 80 -100 is a best wicked. Thats a drop in production of 75%. and they have the gall to say the market has over reacted! What more news could we possibly want . O yes a new CO. Cant see them queuing up for this job unless they get paid well in advance. Tlw royaly ****ed the market back in the nineties but not quite on this scale. Sorry if this upsets people here but I hope anyone but I really hope any new investors will take heed. With big risk comes big profit. They could not have made it planer in recent updates that there is no risk here other than survival.

Wild card is all that have left. This can no longer be viable unless they have a massive find soon . The most likely outcome is lenders take control and sell off assets to repay debt. Projected income and exploration cutbacks don't stack up well as a recovery plan. Massive mistake my investment here but then they have badly misled the market if they even new what they were doing. Thats whats punishing the sp now

"Investors should be taking note," stated Berenberg.

On the back of its now higher estimates, Berenberg said Codemasters shares were left trades on a price-to-earnings multiple of only 12x, which was more than 40% below that of its global peers.

"Codemasters' enhanced positioning could ultimately lead to interest from potential acquirers should this discount fail to narrow," said the analysts.

Berenberg said the group was now "an apex predator" within racing games, with lower revenue concentration, better growth opportunities and exposure to all categories of the genre.

"Simply put, Codemasters is an undervalued asset. Buy."

This rise shows how sensitive Tlw is to oil price movement. I suspect Jethro will be commercial. A lot of balls in the air, just need to decide in what order to proceed. Iron a couple more problems out and we'll wonder what all the fuss was about and what a great opportunity presented itself. Stuff the downgrades. IMO of course