Don’t expect a rate drop anytime soon this will have an adverse affect on the SP .. hot inflation figures in the US today as I predicted over a week ago will spill over in the UK market… just don’t believe what you read about UK inflation, it’s still there, the government is trying to paint a rosy picture.
Reckitts, Close Bros , Vanquis .. all with potential claims against them ( bogus or not ) . Small or Blue Chip the market is doing what is does is run away from unmeasured risk. There’s also the fact that inflation is still with us here and more so across the pond irrespective of what governments say and markets are now pricing in interest rates remaining high for some time yet, of course pre election they will drop.
Yes it may give a short term boost to the SP and no doubt you’ll make a few bob in the following days but I think most serious investors are looking for a consistent flow of climbing profits. Let’s be honest the last lot purchased a modest amount but it did bugger all for the SP .
Patience my dear friend… this stock is a wee bit out of fashion but like all things what comes around goes around., only a good dose of balance sheet profit will take this ugly duckling on the wana buy list again.. just be patient market sentiment outweighs fundamentals.
Baysilhope … Thank You , an accurate and balanced view of the past which frankly as an investor one has got to park and look to the future otherwise why would you invest. As I’ve said before this is a two year turnaround but I truly believe at this level should return handsome rewards . Short term investors will only get frustrated.
Mr Lewis might be the people's champion in basic financial stuff but he’s in severe danger of cutting off lines of credit to the opportunist vultures that follow him.
It’s not so much about the headline story but how much other banks liabilities are it makes Vanquis troubles nothing… Close Brothers Bank are having to raise capital to shore up finances. All the big banks are involved.