Member Info for pernix

OBR will likely shred her plans! Like others. Next shoe to drop.

Asked by Sir Keir if she, Liz Truss, is sticking by her plan not to cut public spending, the PM replies: "Absolutely.
"We're spending almost £1trn on public spending.
"We were spending £700bn back in 2010. What we will make sure is that over the medium-term the debt is falling. We will do that, not by cutting public spending, but by making sure we spend public money well."

Bank of England says today. Material Risk to U.K. Financial Markets. Take note people.

Crawshaw: it seems you are bitter for losing money not me. I don’t own any Watkin’s shares, the others I exited with lucky escapes. It’s a shares market place, everyone has their own opinions. I see it how it is my way. We are small shareholders, wish for the best.

Crawshaw. I’m honoured you are tracking me. All I say is economic situations change. Then you got to revise your own forecasts & company prospects. That means share price values need to change. DYOR crowd. See what’s good for you.

See 40p-50p Watkin’s share price. Just re-assess as 87p now. We are not even finished with October yet. Winter will be harsh for share markets. It’s not only Watkins but the property sector as a whole. It seems that lights have dimmed. Unless something big happens for positivity then Stock Markets remain overvalued. We’re in a global recession now stupid! If Putin goes for Nuclear War, then all bets are off and Stock Markets will tank. Nobody but nobody wants that to happen!

Biden warns nuclear 'Armageddon' risk at its highest level since 1962 Cuban Missile Crisis.

But the US leader yesterday made clear he was keeping a wary eye on Mr Putin and how he might react as Ukraine's military makes gains against Russian invaders.
"For the first time since the Cuban Missile Crisis, we have a direct threat to the use of nuclear weapons, if in fact things continue down the path they'd been going," Mr Biden told Democratic donors in New York.
Mr Biden added that he and US officials were searching for a diplomatic off-ramp.

mizman: Property Asset values will be written down. With lower property prices. So how can you be sure Watkin’s shares are undervalued? Sometimes more research can pay off

This Kwarteng, Liz Out. Rishi Sunak should take control, clear up mess. Even better bring on a General Election for the general public to vote in a leader. Really livid at whole saga & for Watkin’s shareholders. It’s a well run company nowadays. Lucky I traded shares in 180-260p range & made hefty profits. I don’t hold these shares anymore. I see these Watkin shares collapsing over the Winter. May pick up shares under distress conditions. However I do prefer company’s with profit upgrades.

Fitch has become the latest ratings agency to lower the credit outlook for British government debt to "negative" from "stable". "The large and unfunded fiscal package announced as part of the new government's growth plan could lead to a significant increase in fiscal deficits over the medium term," Fitch said last night.

It follows a similar move by S&P, while Moody's has threatened to downgrade the UK's credit rating.

The OBR will not budge on Government Fiscal Prudence. They have not in the past, so why now. Too much unfunded Government spending and higher public debts. Maybe next shoe to drop.

There is a right time to buy. I think not now. WJG business turnaround has been impressive. It went nearly bankrupt as a regional housebuilder before.

So much hope here. Just remember a global recession now. A long hard winter ahead for Share markets, are already overvalued as profits going to tumble. Yes, Watkin Jones actually issued a profits warning this week! It’s a market sentiment thing. Most share prices will drift lower. Lots of investors sitting on hefty share losses already! Just be careful folks when buying shares.

Watkin shares maybe going to 60p to 70p. The reality is not much confidence in property company shares at moment. Can see more Government political instability with Bank of England saving the whole country. There are problems with the Pensions Funding Market. Until that is properly resolved, financial & property shares going down. I like WJG turnaround though but now negative market conditions.

I have been right so far. My last post was 140p share price or lower. This was at 200p, 180p etc … Main issue is a global recession & then Strix took on debt to expand it’s operations. This was unfortunate timing but now it has a debt overhang, sales & profits reversing. Then a doubling of sales target predicted by the Strix Board which is likely not achievable given the world economic recession.

Strix shares worth 50 pence. Bad results today. The company unlikely to hit doubling sales, medium term target. The Board Directors need to revisit future sales targets. Until this happens shares will drift lower. When this happens shares will re-rate lower with share price collapses.

However, Canaccord remains "unconvinced" that sufficient growth will flow in the near term from the water and appliance verticals to meet Strix's target of doubling revenues to roughly £200.0m by 2025. We going in a Global Recession now. So company targets are out of touch with reality!

Next shoe to drop., Company Profits! Market freaks with JP Morgan & Morgan Stanley profits down. The Stock Markets are likely to keep going down. Then Biggest Central Banks are going to pile on pressure to increase interest rates. Bad news for oil, commodities priced in dollars. Unless some new news, Brent likely lower.

I agree but I think Brent oil price may still spike. Russia could retaliate with cut off oil supplies. They have form with last sanctions from so called unfriendly countries. We all know a recession is coming or is here already. However, the physical demand for oil & gas is still outpacing supply. OPEC & IEA forecasting 1 millions barrels demand per day over supply for next year. So it’s a balance with demand destruction from recession economies. Also notice recently Brent going nearly 7% down but Shell shares down only 2%. Is Shell, BP’s share price taking a cue from the Footsie Index? If Brent is being more discounted influence, makes me wonder these Brent falls temporary on today’s same news factors as last week.

The second, and much bigger obstacle, is the assumption that Russia will take it all lying down. It is a dangerous assumption, as already noted by analysts, and a costly one, as reported by JP Morgan, which has estimated that if Russia decides to cut exports in response to the cap, oil could soar to $380 per barrel

That’s right. Co-ordinating this oil price cap is going to be so difficult. Then you got countries, companies doing sanction busting & the Bi-Lateral deals with Russia on oil & gas. Also some countries like Japan not going to participate as special exemptions or they paid off for any losses. This already makes it a rather less effective tool. So Biden is pushing for this, moreso I think as his approval ratings have sunk in the US. It’s always politics at play. Today Brent is down 4% but this could easily swing the other way when the price cap details are out. Whether the markets see this as a fudge that’s not going to work out well, only time will tell.