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Good morning Mr A. I have a similar strategy. Barc range lately seems to be 128( strong support) to 156 ( strong resistance). I try to sell half my holding somewhere near top and then re buy somewhere near bottom of range. Not foolproof but seems to work for me. There’s always something that crops up to dent the confidence/ trend either way. NOT advice - just my own personal strategy since COVID. Good luck all.
Think it’s just that the ftse 100 has become a trading index just like aim etc. UK markets are so unloved that only way to make money is trade and swings much larger than they used to be. Investing has gone out the window and the trend is your friend.
@thedetector - Amanda blanc also did - it’s all to do with covering tax liabilities and is normal procedure. This should( hopefully )bounce back once ex div and 430 resistance is breached - it’s clearly been hit on sentiment of banking issues which have little to do with the likes of AV. Luckily the buy back is supporting while we wait. Fundamentals haven’t changed - it’s all about confidence. DYOR as always.
According to advfn chat board a short has been taken out - seems a risky move to me if true as there have been no director buys at these prices ( they can’t buy if bid is coming) so let’s see what happens. If no bid materialises then will just sit on these & collect the divis. GLA.
@Da_Master - Can’t say I understand the logic from ii - how can you be a member of a pension scheme until you’ve either taken an annuity or other option. While it’s a SIPP it’s just a savings vehicle for a future pension scheme - Just my opinion but I think ii are misinterpreting what HMRC are saying. I hold a few hundred as I look for undervalued FTSE 100 companies and wtb were and still are undervalued - albeit I reduced my holding slightly before results - just in case as the markets punish anything but stellar updates. Good luck all holders.
I have a SIPP and have the shareholder discount card so don’t think that’s correct. It may be that if you have wtb in a fund rather than individual share then it might not apply. Just send a secure message and ask them to apply for it - that’s what I did. I did reduce my holding a little before trading update ( mistake) but think they are on the right track here especially in Germany where there is huge potential. Good luck all holders.
I think it’s very short sighted to increase corporation tax - the one proposal Liz Truss got right to cancel it as it’s going to have a big impact on attracting companies to the U.K. Should have kept the NI increase instead. Once when economic outlook starts to look better then AV and all the FTSE should hopefully climb to a more realistic level - especially if the MSM stop highlighting all the bad news for starters - self fulfilling mode atm but AV is rock solid IMO.
Well interesting- Citadel took out a further 0.13% short on 25th Oct ( interim day) so they are up to something - total now 0.67% short. I’ve put a limit sell on mine so they can’t “borrow” my shares. I know some investors think they can’t have much impact on a 5 bill mcap company but it all depends on volume of the free float ( shares not held by the institutions) they can be very manipulative in how they use them. Why now ?? Outlook or something else ? All IMO - please DYOR.
Citadel took out a short on 21st Oct - 0.17% on top of their existing which brings it to 0.54%. So either they hedged for poor results ( they were good) or they’re acting on behalf of some other enterprise ( venture capitalists??) . I’m only guessing but same happened to Morrison’s before their takeover. It’s all IMO but may explain the drop on what we’re very reasonable interims. Please DYOR.
It’s a bear market atm so the macro outlook is not great hence why IMO the lacklustre reaction to what are very good results. Whitbread weathered the financial crisis very well with only a 3% drop off and I suspect will do well in this possible recessionary period. People will always try to get away and the 50/50 business/leisure split should bode well. F&B down (5%) on prepandemic level doesn’t help but they are targeting that side with offers etc. Bear markets end eventually and then the SP should recover. On the big plus side Whitbread have 55% of properties as freehold and a very strong brand and are cash positive ( exc leasehold liabilities)
So it’s just a matter of waiting for sentiment to change. All IMO & DYOR.
My understanding is as follows ; you have 10 shares now at say £4 per share equals total value of £40 at approx 5.5% dividend ( 22.5p) Then after consolidation you will have 10 X £1 on b shares equals £10 plus 7.5 shares at around £4 per share so total value again £40. BUT the yield is predicted to be around 7 % or 32p per share so should rerate the SP in due course . The whole idea is to keep the SP around the same level as now immediately after consolidation with the prospect of a higher SP due to predicted higher yield and fewer shares on offer, but of course the market decides that.
Having disagreed with Falkland over on the RMG board I have to this time say I agree. Lloy is heavily linked to the U.K. economy which will resurge when confidence to spend comes back IMO.
This is a well capitalised strong bank that would have still made a decent profit bar the added impairment. History tells us the U.K. is resilient and the “come back king” and will be again - in time. On this occasion I think Falkland will be proven to be correct and I’m in for a fair bit and currently at a loss - but not selling till the fifties - next year or the year after if that’s how long it takes but I don’t think it will. All imo.
Posted in: MRW.L
Some learning for sure but mostly freehold stores and in-house produce/farms puts them ahead in my view. The amazon connection may well be very lucrative in the long run and never say never on an amazon bid - you just don’t know !
Posted in: HFD.L
Agreed - if you read the full RNS then forward looking is very positive which is how I thought markets worked ( looking 6 - 18months ahead) . A big chunk of profits obviously went through closing of cycle republic and a few unproductive stores but that’s a one off. Impact of cars not being used was very temporary ( just look at the traffic now) and this should all reflect in the update Sept 8th. Seems to me nowadays that markets have no forward thinking and react strongly on past results. Not very intelligent imo.
Exactly - sentiment is driving most of the market and none of us knows where it’s going day to day. My own view is that long term carnival will adapt and be fine - cruisers will return - probably to higher not lower prices as all lines try to get back into profit. You either choose to try and trade the ups and downs or hold / sell - it’s guesswork where it’s going in the short term but the moment a vaccine comes out the whole market will re - rate as it then becomes a forward thinking market - certainty brings stability and uncertainty the opposite. I’m holding but not averaging down ( too risky imo) DYOR.
U.K. debt is dwarfed by US debt (25 trillion and counting) debtclock.org and will become quadrillion before long - scary numbers but in reality will never be paid back. We live in a world of numbers which influence so much including Lloy SP. it will be interesting to see how this all pans out but my guess ( and hope) is that the U.K. banks and financial institutions will come good once fear is replaced by greed (confidence) - just another cycle all said and done.