Member Info for rjb92

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Some serious concerns coming out of China at the moment. Partial closure of the worlds 3rd largest port could have a significant impact on global trade. We may see another significant dip in the POO/BP. Whilst well vaccinated European countries are comfortable with the Delta variant, China is not coping well. I've been monitoring closely as I have to travel there in October (Still waiting for my official Chinese govt invite), and large areas in the East are now under lockdown. This will impact US/EU trade. It's possible that the impact will more than offset the share buyback. Let's see which way it goes....

Makammick:
Ok I will log all your predictions and give the average, if you are as skilled as I hope you are we should have a price and statistically know what to buy in at

The wisdom of the crowd! They don't need to be experts - Will be interesting to see how close the average is.
Have a read. Interesting and relevant.

https://www.amazon.co.uk/Wisdom-Crowds-Many-Smarter-Than/dp/0349116059/ref=sr_1_2?crid=234E59JLU4R4R&dchild=1&keywords=wisdom+of+the+crowd&qid=1628781037&sprefix=wisdom+of+the+c%2Caps%2C152&sr=8-2

Why not start one! Add your guess in price order. Just for fun. Copy and paste the list.

£0.48. Rjb92

Nervous:
Because car insurance is competitive and only a small part of the overall insurance market. I have had my business insurance through aviva for many years now. Not the cheapest, but by far the best quality offering considering they are covering commercial combined, product liablity, public liability, professional indemity, fleet vehicles, marine cargo..... the list goes on. This adds up to more than £30M of insurance every year with sizeable premiums. This market is all about quality not price and Aviva is a market leader. Private car insurance is a dog eat dog market and Aviva will compete if required.
GL and JMHO

"Interesting (for me at least) that Quotemehappy.com (Aviva Subsidary) came up cheapest (just) on both mine & my wives car insurance this morning.
Is that how they are going to maintain profits after sales of non-core, by growing UK market share by undercutting competition?
Well, it gets my vote :) Gladly paid the premiums (cue another spike in SP)"

£3.15 rjb92
£3.23 NSS

I'm back in. Recognise 500's is still possible, but there's now a big gap to be filled back up to 680, and clearly, there has been plenty of appetite for buying at 700p+
GL!

Yep, that's the support broken for the double top. Could well drop back to next support level around 600p. Will definately be looking for a re-entry at anything around 600p

I'm no TA expert, but having discussed a potential double top with Hellas previously, looking carefully at the charts, there does now see, to be a distinct double top with peak on 21st and 30th July at circa 775p, and support at 686p. I think the rest of this week, bearing in mind the Mike Lynch story, might lead to a longer term picture of where this share is going to go. It's still very hard to asses a true long term value, other than by comparison to peers.
GL, JMHO.

It's very difficult with this share to try and estimate a bottom. It's clear the long term value is there, but these are serious swings compared to many shares. It's volatile for sure! Any thoughts anyone?

There is significant evidence that the 'crowd' will beat an 'expert' pretty much every time.
Great book to read is :
https://www.amazon.co.uk/Wisdom-Crowds-Many-Smarter-Than/dp/0349116059/ref=sr_1_2?dchild=1&keywords=wisdom+of+the+crowd&qid=1627976505&sr=8-2

Also a summary: https://en.wikipedia.org/wiki/Wisdom_of_the_crowd

Chance vs skill, or averaging the crowd? Good question ;-)

Hmmm, second time I've unloaded everything on this share (at 750) after a decent profit. If it goes below 660 will start looking to buy my holding back. I'm no trader by any stretch, but I'm determined not to take any losses on this one.

Well said Smithy

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Hellas
It looks to me like the support level for the double top is around 660-670. Do you expect this to be broken next week, or are you just saying that if it is, you would expect a drop to 600?
Ta

"DANGEROUS double top in the 780 area, could test again 600 before continuation"

Agreed. I sold up and will look for a new lower entry. I believe this will continue to drop back into the 500's. Just mho.

That’s you and me both. Topped up a big chunk this morning.
Apologies everyone :-/

Charlesrixon, I doubled 672p, bought in AT 336. Very happy with that. Just been looking for a retracement so I can top up, but not sure it's going to happen soon.

Agree sharefall. Brent dipping to 68.5 overnight but recovering to 69.07. BP ADR looks like a £2.817 close if my calcs are correct. Let's see which way it opens and goes today.

Took the plunge this morning and added another 200k shares at 0.387. Fortunate timing by the look of things.
Most other shares I have with the exception of Znwd and Dark are doing badly this last week, so thanks for small mercies! Come on Kod!!