Member Info for Porsche1946

None of this U.K. finance shxt is going to get taken over dream on, metro bank has collapsed in value, if it does go it’s a hardly a 40 pc premium standard takeover as the share price is in the toilet, it’s a salvage job, as with almost everything listed in the U.K. which gets cut in half every ten years. God knows why Phnx is buying more U.K. longdated gilts, suicidal, moving into much higher bond yields for years now, no wonder share price is fxcked. Expect to see these with a 3 in front of them next year and dividend cut or more likely suspended, UK’s problems only just get started, the country is bankrupt, IMF bailout soon. Blame the brexit filth.

@canetoad judging by your v emotional/angry response your heavily in loss on these and super-angry i was bang on right with where the share price was going. Rather than argue with me youd be wealthier if you just did what i said you muppet. These will have a 3 in front of them next year…if you had any sense you would avoid uk dividend stocks like the plague, nobody buys uk shares since brexit…net outflows every year since the vote, the market below where it was 21 years ago ffs and sterling cut in half, ftse 350 is utterly doomed, you invest in stuff like msft and you use uk shyt shares for shorting and trading. I shorted aston martin from 17 quid to sub .70p, made a serious 6 figure sum on what seemed to me the most obvious short in history. Trying to make money on “ investing “ in shares that get cut in half every ten years ( most of ftse ) becos of kamikaze politics is pointless.

Target for these 550 by next June when property meltdown should be in full swing as unemployment takes off, weirdly statistically recessions don’t start until 13 months ( on average ) AFTER the last rate rise….weird…. All dividend stocks and anything listed in brexit basket case U.K., are going to be decimated covid March 2020 style, there’s nothing to keep them up, my other short was Phoenix group, had a target of 540, from 720 where they were, got loads of abuse over last 6 months….it’s now 465 having been as high as 9 quid, so i have made money and had the last laugh. U.K. shares since 2016 have been dying, nobody to buy them except a few deluded PI’s. The country, sterling and the ftse 350 are utterly fxcked, may get a bounce if Labour get in but will end up begging the IMF for a bailout fairly soon either way. You could probably pick anything denominated in sterling to short and make money.

If you’re invested in this dogshxt read that from the Times.

The proposed rule changes have again focused attention on an extraordinary convention at the heart of insurance accounting. To critics, it is a conjuring trick that allows insurers to overstate capital and underestimate vulnerability; to the insurance industry, it is a convenient convention that recognises how they normally hold bonds to maturity and should not be penalised for temporary shocks such as the “dash for cash” at the start of the pandemic, which sent bond values plunging.

In the past PRA officials have acknowledged that the convention, known as “matching adjustment”, or MA, could be misused and have put in place mitigating rules. But with last week’s relaxation, they seem to have set aside more of those reservations.

Concern about MA has not gone away and the extent to which it allegedly artificially boosts capital has been laid bare in a case at the High Court. Phoenix Group, which is trying to combine its Phoenix Life and Standard Life entities into a single business, is running up against resistance from some Standard Life policyholders. Dean Buckner, a former PRA official, an expert on MA and the husband of a Standard Life policyholder, is alleging that of Phoenix Life’s £3.7 billion of reported capital, £2.2 billion is due to MA and therefore is “simply an invention”. Its solvency ratio is not 161 per cent, as reported, he argues, but a “seriously unhealthy” 37 per cent. Policyholders of Standard Life, which relies much less on MA, would be unwise to allow their company to be merged with Phoenix.

Is it really worth bothering to waste time discussing this pointless capital destructive uk dogsht share anyway?

Dividend will be suspended or cut in the not too distant, major problems under the hood with this zombie, not least as pointed out by J P Morgan, the monster debt. Another U.K. dividend trap, buy for yield and lose half your capital. The market hasn’t even really started tanking yet, wait till U.K. recession starts 4th quarter. Brexit basket case is toast and so is it’s internationally loathed index.

Market has cottoned onto this being another terminal capital destructive growthless U.K. dividend shxt share, buy for that fat yield and lose half your capital haha. U.K. investors seem too thick to buy US growth, where the real money is made. Expect to see this at sub 4 quid this time next year and the dividend suspended, there must be so many issues under the hood with the collapse in bond values. An IMF bailout for the U.K. next year won’t help either.

Jesus, U.K. shares are just completely uninvestable. Terminal. No wonder the mass exodus of companies re listing elsewhere. Imf bailout within 12 months.

U.K. financials all going down the toilet, ftse 100 full of garbage wrecked further by brexit/covid/truss etc, U.K. heading for hard recession with high inflation and parabolic rates, U.K. has to sell treasuries to finance its massive debt and it needs a fat coupon to flog them, will hammer most financials holding long dated bonds ( Phnx etc ) and dross like lloyds back to 2008 style mortgage wipeout with its exposure to property, terminal U.K. small business lending and car loans, think defaulting customers. Weak sterling still sucking in inflation. Does anyone really buy U.K. equities anymore? Even U.K. pension funds don’t touch them.

Should see this garbage fall below 500 soon, results will no make no difference to sp, it’s getting pasted, much like brexit basket case U.K. in general, because of bond yields blowing out. God knows how big the losses they are sitting on, can see this being one of those that ends up like abrdn, like 1.50. Long dated in the money puts. U.K. for shorting and trading, not investing.

Does anyone actually buy U.K. shares anymore? What’s the point? garbage like Av has more than halved since 2007, zero growth but just a few sad idiots chasing dividends while they lose most of their capital, think BT, the tobacco companies, the financials…in fact pretty much all of it, U.K. shat companies on a shat index. Charts for this look dreadful, will be sub 318 by year end.

This garbage in terminal decline, like brexit basket case U.K. in general. Does anyone actually buy U.K. shares anymore.

I know, “ a good week “, what a muppet. This garbage the sooner it gets down into the 50’s once the dividend is suspended the better for my PUTS haha.

Does anybody buy U.K. shares anymore? Capital destructive dross, you have to buy them half price for the moron premium of the British government/brexit.

A mystery how this dogshxt is still above .70, would think the usual Sep/Oct melt down should fxck it up properly down to where it needs to be….sub .66 ( yes I’m shorting it with July 2024 puts )

Do you mean reinstated?? God people on here need to go back to school, and also stop investing in capital destructive shxt like DLG, buy for that lovely juicy ( soon to be gone ) yield?….and lose half your capital instead. Nobody buys U.K. shares anymore ffs, not even U.K. pensions companies, that should tell you something.

Cannot believe this dogshxt still holding .70. Declining business model, drowning in debt and crushed by regulation and poor management, I mean ftse a no go area full stop since 2018 unless you want your capital vaporised but only reason I can think this is still holding 70 is some imbeciles believe the dividend will be held. Poor fools.

Not when they will need to be liquidating them to release capiral and some are at 40pc loss now, all bond proxy type investments ( see ftse ) are getting destroyed. There is alot more troble to come for all of these including L&G, last ceo got clear just in time. HMG are too stupid and paralysed to do anything creative to arrest the decline, these are the idiots who thought brexit might be a good idea ffs. IMF bailout nailed on. This meltdown in the uk will go on for years, housing, asset prices, sterling. Its all going one way. Just view it from somewhere hot and beautiful having split with the money in 2016, like me haha.

well this hopeless dog**** has been “ found out “, next stop 420/380 after results when dividend is cut or suspended. huge issues with their now rubbish pile of long dated bonds. u.k. of course in terminal condition anyway thanks to the brexit self harmers, expect an imf bailout by next spring, watch this space.