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It was well overdone thats why i bought at 340 but profit made for me and to be fair im negative on all banks i read the 2009 new banking act on bail in,s shocking i tread very carefully but good luck to all holders.
They say they are now number4 in the BTL market but the givernment have been putting many obsticles in the way of landlords who most look for a return of 5/6 %yeild large gains in capital is now over at these price so why all the hassle when you can sell up pay of the loan on get 5% locking you profit away with no hassles .so more paying back to OSB and savers who have locked in for a decent rate says to me OSB is now in for a very rocky ride in the near term until property prices rerate the government ease up on BLT and the BOE ease up on interest rates .5/6% was the norm for me but my mortgage was 32k but 300k plus thats a crippler.JMO do you reserch i just see tough years ahead for all involved,
ASOS retains a strong liquidity position and this is a prudent step in the current environment.
Which to me means they are prepareing for a rough ride should it come given the curtailment of disposable income
of the clients they serve and so they are making sure they can last out if needs be. jmo
i sold out at 151 at a 4k loss as it kept going down with the intention of buying back when it had a firm footing .
so i bought SDRY and made 500 profit sold them yesterday and bought back thg at 131 still 20p less than what i sold at
so all told i went from holding 7778 shares to 9282 for the same money and we seem to be on the rise now .plus my original break even was 195 now its 172 so happy at that gla
well done great company and divi,s to boot.
As an invester of many years i just dont care about the noise the worm always turns .
And as i obey the rule to only put in what your not prepared to lose which has happened a few times but not on this horse me thinks come friday i still say you will wonder what all the fuss was about. gla