Member Info for oogleflugal

T . Ye s that was a near miss for me. I think of all the good stock I've missed out on but actually probably an equal amount of narrow escapes. I think I got out of RBS in 2006/7 for over 20 quid per share not the whole bank! on the other hand S yes I dithered too much on AXS/ It went up quite sharply then fell back to 80 p a couple of days ago and now this on very little volume and no news. Just as likely to fall back again. It has potential but very much jam tomorrow or maybe in a year or two. Will keep watching for now

Yes T 'why we started doing this.' I received a newsletter yesterday from Nationwide inviting me to invest in their 'exciting' new 18 month bond. .5% on savings up to £10,000. Thats £50 for the year! I got 1.5% from the post office but cased that in as I'm not overly confident in the Bank of Ireland where the money is held and I don't trust the PO anyway. I knew one of those poor sub postmasters hounded and bullied by the Vernalis regime to admit to accusations of fraud and theft to avoid a prison sentence. Vernalis an ex Priest and recipient of an OBE and an ex government advisor did her utmost to bury the truth. This false conviction resulted in suicide , alcoholism and the jailing of an innocent woman on her daughters 12th birthday. This has been going on for 20 years now. Lives ruined, bankruptcy loss of homes and businesses, all because this vile woman would not admit her mistakes. Great piece of investigative journalism and the BBC played a big part in uncovering a trail of lies, obstruction and deceit. So far the awards have don't little more than cover legal costs and Ms Vernalis is now a director for Dunelm. Unlikely she will be held accountable. Another one for the tax payer

Yeh, they were the days S. I was self employed too. There was quite a bias against the self employed getting mortgages and we were penalised with higher rates because we were 'a bigger risk'. The penny dropped when the 87 property crash happened and to their astonishment it wasn't the self employed handing house keys into building societies, because we could take on more work to get by. Brokers are still around, but under the title of mortgage advisor or FA, which obviously has other other connotations!

Thanks T all Good questions to ask. Not sure if they are coming over for advice or to tell me they have put an offer in. Mainly probably to say they are want to be together, so that is wonderful. And by the way dad can you manage and maintain the property portfolio for us!No I've been extremely lucky with both of them. Not high flyers particularly, just extremely conscientious. Have done a few jobs with them on their houses and had great fun doing it. Both seem to know exactly what they want and just get on with it. They had a small dabble in shares, but decided it was a bit too much risk. So they know a bit about it which is good. Enough for the young one to switch his pension to the Lion Trust to run which I thought was a smart move. They both work for American companies who seem to be much more switched on in looking after their staff I hate to say. Anyway thanks for your thoughts. Another good source for investment ideas I found today PIworld podcasts interviews with fund managers and directors. One claims to be 100% invested and the other says he is permanently a 70% investor/30% cash. I'm currently 50/50. Its actually pretty hard to maintain that, so easy to get boxed in. Certainly like to try and leave plenty of room to trade, the advice of Ashpel Patel , barrister turned financial journalist /investor.

Thanks T, for your tax view and the property view. Both my sons managed to get on the property ladder off their off their own bat, but have since passed on some inheritance from their great aunt via deed of variation which is a very useful tool as well as a small top up, plus they both saved enough deposit living at home after uni. Both on the ladder before their 25th birthdays which was way before me when house were considerably cheaper but mortgages up to 20 times as expensive! This is what I keep trying to drill in to them a mortgage may only cost 1% at the moment but interest rare rise from .25% to .5% is double. and they won't be able to double the rent. The elder one seems to have at last found the love of his life. Definitely the loveliest girlfriend he has ever introduced me to. She has her own house, he has his own house . Their advisor has suggested they keep them, rent them out and buy another one for themselves to move into together. On the face of it an ideal plan. I have the unfortunate task of, if not pouring cold water on it at least pointing out worst case scenario! I think the western world is likely to be in a low intersest rate economy for many years to come, possibly deflation. Plenty of money around to buy property just to sit on like gold. I cant see devaluation happening in uk because we are all in the same boat unlike our last devaluation by Harold Wilson, or Brown kind of did that by selling off the gold reserves for 200 dollars an ounce! Thats the great trick off socialists they seem to want to make us all equally poor apart from themselves of course. I'm not as pessimistic about property prices as rental yields which have already dropped in London about 4%. Not much , but could be a trend. A lot of rent holidays are coming to an end soon, but they may have to prolong that both for commercial and private households. Some property rental companies are reporting 90%-95% full rental payments which I find a bit hard to believe. Thats why I mentioned Nigel Farage. He's been around although he does remind me of a Harry Enfield character, 'you don't want to do it like that' as he blows up someones barbecue! I have since seen a very good you tube by an FA on Farage's 'Freedom and Fortune.' his partner in crime does have a degree (who doesn't? O me!) but his employment track record is an internship with Goldman Sucks. So Nigel! Italy is in trouble again, when was it ever not , and by osmosis Spain won't be far behind and no-one even mentions Greece anymore. I have come round to leaving the EU, obviously it isn't a choice anymore. Its not really a positive just a lesser evil possibly. Yes V great band XTC, would love to have seen them live. Now I'd just love to see anyone live!

Thanks for the welcome home guys. Sounds like you are keeping your heads above water at least.
V CGT losses can be declared up to 4 years after, but I think once declared they carry forward indefinitely. Best to keep up to date annually I would have thought. I assume you make an annual tax return. What I'm not sure about is if you make a profit but under the annual £12,000 allowance whether that eradicates the losses from previous years because that would be a waste. Really need advice on that one. I had some losses from 10 years ago so I will find out soon, as have declared a profit just under the allowance for this year. Fortunately got quite a stash in an ISA which saves on paper work apart anything else.
I have been buying a few bombed out stocks like Saga, Mcro and IAG recently . Meant to go for the trio of rights issue stock and got RR but one minute they dropped to a pound and when I got funds they were back up to over £2 so missed that one. I sat next to Roger DeHaan at a small concert a couple of years ago, was only afterwards that a friend told me who he was. Crazy price action but am hopeful he will pull off a recovery once the dust settles. Took small positions in KMK and TTG for Covid and other stuff recently, Mwe for 5g. RNWH for repairing houses of parliament (endless contract I should think) . Still holding some cybersecurity companies not much else. Managed to stay clear of oil, telecoms, hospitality and anything under media scrutiny. Next big thing S? Trying to keep my shirt on my back! My son is coming over next week to discuss buying another house. I dread to think what his mortgages are. I thought banks had tightened up on lending. GL for next week who knows whats next.

Hi All. Sorry for being AWOL. We went on holiday to Pembroke and got busy with our house and my sons new house when I got back, and decided to take a breather from trading, just looking in occasionally. Have just been adding up the gains and losses for the tax man for last year which is quite a palaver doing it by completely mental arithmetic. It appears I made the most money in that March /April period which just about saved my bacon, but now sitting on a few losses for this year, which I'm reasonably confident of them recovering in their own time eventually. It certainly has not been anything like as easy as it was to make money on a daily basis back in early spring for me. Yes T how the hell did the Chinese, where this all started, get off so lightly? So if you get to feel too guilty S don't hesitate to loan me one of your surplus Teslas. I really wouldn't be too concerned, we cant do more than play the hand we're dealt the best we can. Its not like we can all retrain at our time of life as nurses and doctors.
Any one else received a communication from the devil incarnate, Nigel Farage about his new venture 'Faith and Fortune'? Not sure thats exactly the title. As he has such a long family history in the stock market I am quite interested to hear what he has to say . Not quite sure what it is about , but he doesn't seem to want money (at the moment) which is a good start. Basically he is saying his pensions are all screwed and he wants all of us (yes you've guessed it) 'to take back control' of our finances. Hang on Nige still waiting for our sovereignty in the oven with the pinger on. Anyway wondered if anyone else 'is only waiting for Nigel' (XTC) to unfold his latest reinvention of himself or just binned it. BW O

Well didn't we just know Cummings little debacle was going to come back to bite him in the arse. Along with that and the other ex government advisor and ex priest Paula Vernalis who bankrupted, prosecuted and sent to prison hundreds of innocent sub postmasters, you would think they would have learnt a few lessons by now. Apparently not. Again this latest abrupt decision on quarantine could have been handled so much better, but no just up to their usual standard of ineptness. Somehow we will survive despite this governments best efforts to screw everything up. Just making it harder to plan anything, so nobody will, or we just completely ignore the lunatics in charge . We were thinking about going to Pembroke next week but perhaps we shouldn't. S thanks for you Trapezium explanation. The diagram I looked at showed a random wavy edge shape. I thought that would be interesting to cut free hand.

Ok for those of yo wondering like me what on earthS is talking about. I had to look it up:
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In mathematics, and more specifically in numerical analysis, the trapezoidal rule (also known as the trapezoid rule or trapezium rule) is a technique for approximating the definite integral. . The trapezoidal rule works by approximating the region under the graph of the function as a trapezoid and calculating its area. Hope that clears it up, unfortunately I couldn't paste the pictorial diagram, graph and algebraic formula that went with the explanation. Next week we shall be looking into the structure of black holes possibly. Happy down time for the weekend all

Just been listening to a relative of Trump's talking about the book she's written on him. Cant be that long. They always say if you haven't got anything good to say about someone, don't say anything. All I can say is she is distinctly more incredulous than even the most cynical of us how he he ever became president. Well cracks appearing everywhere. I kind of knew Vodafone must be preparing to unleash a bombshell on the market the way its been rising recently, and they have not disappointed again. Telecom is becoming uninvestable, and thats without telling us how long and how much 5g is going to cost if it ever takes off. Would not be surprised to see them and BT back under £1 before summer ends. All the bluster about builders, retailers and hospitality seems to be evaporating as furlough draws to an end and reality dawns. Value emerging again if you can work out which business will still be viable. They can't hide behind withdrawing forecasts of ever.

Do please remember these wood treatments are often highly toxic. As for the smell jeez.... Also many treatments are expensive and a complete waist of money. I remember a guy built a beautiful traditional oak timber frame house about thirty years ago complete with cruck roof on the banks of the Dart I think. Anyway for some reason he sprayed it all with some noxious wood treatment, and then cried about it because it suddenly dawned on him that all he had achieved was to poison his painstaking craftsmanship. Which brings me neatly on to Accys Technology. I remember when they launched this 15 years ago. Basically they take ordinary pine and treat it with some patented chemical solution which alters the cell structure allegedly turning it into a hardwood. It is actually more stable than many hardwoods. The boards are called Acoya. Very popular with many architects and quality joinery shops for windows and doors. Left untreated it is guaranteed for 50 years, or 25 years if subjected to salt water. I have seen it used cladding a building in Helsinki. Their next trick is to build a plant in Hull producing MDF treated with this magic potion and calling it Tricoya. Apparently it makes the MDF virtually waterproof, which the current waterproof MDF most certainly is not. The Dutch seem to love it, and have some heavy investment in it. They had a placing at 90p, way ahead of covid to help build this new factory in Hull. Current share price is 87p. Definitely keeping a close eye on it. Yet another company struggling to turn profitable. It takes the hell of a time to establish new products in the building industry, and this is no exception. Has great 'green credentials ' . Could help slow down the world's use of hardwood which has been a problem as pine s fast growing and quickly replaceable Doesn't sound like a multi bagger, but may just be turning a corner. As somebody pointed out recently Macron has asked for more timber framed houses in France to be built as they are also doing in Scotland. Acoya can also be used structurally in buildings. Covid did hit the business, but it is beginning to pick up again. Part of their problem seems to have been keeping up with demand. Bit of a catch 22, trying to expand but continually having to invest to achieve.

High S. I think that was a fair bet. The update whilst not riveting at least avoided any more horrors, if the 30 million enforced loan to a 'good customer' can be classified as such. Some companies would dream about a 16% rise in revenue. Quite how that converts to profit remains to be told. They have confirmed that they will repay the furlough payments. Many companies have not explained how the various temporary financial supports really effect their books which, you could say being charitable is understandable, or you could say is outright dishonest. There are calls for more transparency on this. I guess the answer will be by notification of insolvency in many cases, leaving investors in the dark till the fat lady sings. I've got quite busy on our house and my sons new house which is great. Really needed a useful distraction to get away from this. Its a mess all over as far as I can see. The Russians get more childish , the Chinese more Chinese and the Americans just get weirder.

Bt confirm it will cost at least 500 million to remove and replace Huawei equipment, shares up 4%, actually they are up over 10 % since last week week's low. Why? and presumably the same for Vodafone. Does that mean the tax payers have to foot the bill. Not to mention a total break down in service over the next four years, or do they just mean it will be as bad as it already is. FFFFFFFFFFFFor FCKS sake Boris you cretin. So looking forward to the oven ready brex****

S. Nothing to do with your share buying ability, just not a lot out there, and what there is makes nonsense. How on earth can telecoms be up on the news they were dreading. In fact its even worse than they were dreading. Make no mistake its a good decision, just a shame it took Bonkers Boris Six months to work out out what everyone else worked out in a flash. TW. sinking even though staff say they are back to full capacity selling everything they build or half build, not that I'd buy one. Air Partner is the only thing holding up and continue to buy, hoping for further good news tomorrow. Got a hold on 3 others which are ok. Anpario actually went up a little even though ex div today. Then there's MCRO! Well I guess it will turn around when they take the screws off at some point, but no intention of averaging down. Averaging up is statistically much better move.

V.Glad you're using the correct terminology'. If you've got the map I'll drive

T. Theres a couple of empty cruise liners rocked up in Dover. Do want me to see if I can commission them? We could all go on a Brigade cruise till things blow over.

I just started reading all this stuff about markets turning negative , everyones selling up and how bad things are in Turin, and the discovered I was back on page 1! Well its pretty much the same today. Golden rule never ever average down unless you didn't invest the full amount you intended too. Actually I'm not sure its ever a good idea. Some people call it ego trading, 'the market is wrong therefore I must buy more.' Fortunately I held off buying more Mcro , but was tempted just now. And fortunately averaged up again on Air Partner this morning paying two and a half times more than my first purchase of many, and still it went up. Seems like the Boo shorters have moved in on MCRO. All figures would indicate that it is way oversold but think I will wait for better evidence than yesterday of a turnaround in direction

Cheers P. Bit of a battle today on Boo. One of the big investor/journalists on Stockopedia has bought big in Boo all the way down to £2.00 today. T, Quite a positive note on Mcro today from Credit Suisse. Might get a few more tomorrow had to go off and be removal man this afternoon. Cream crackered but enjoying a bit of vin rouge now to ease the aches!

house builders not convincing all, fallen back pre budget. Telecoms total disaster area thanks to Boris's inability to look at a situation and plan accordingly, as every other leader in the world has managed to do unequivocally with regard to 5g. So Riki for PM poor bugger!

False spikes all over the place. Sold everything I bought this morning for little or no profit. Just got my hardcore holdings. Which amounts to 5 shares now. Feels like its going to be much harder to make the kind of gains of the last few months. Plenty more companies out there waiting for the opportunity 'to strengthen balance sheets' I suspect.