Member Info for Savage_KeyboardR

It'll be sheer luck if this stock holds onto 16p today, let alone delusional speculative £1 valuations by some on here!

Thing is the next October GDP figs are likely to prove just as bad when they land next month because it will take a little yet while before Labour policy can kick in and help support the economy. CPI results soon too which are set to be terrible... lots more pain for this stock yet to come!

Nonsense ramblings from care home resident Trisor... Parliament had sworn members in mid-late July, they had a couple of weeks sitting before August summer recess to return in September so they would have hardly been able to do anything about the weak economy which had already been locked in by inept Tories... who called a snap election because they knew how awful the economy was and had no options to turn things around.

That poor economic performance is all on the Tories.

Nonsense, historically speaking the £ has been weak, weak, weak since brexit and did the worst under Truss. The £ is currently falling against the dollar and BoE will soon have to make more cuts (unless it wishes to see the dole queues ever lengthen) so there's little supporting the £ right now... only words of 'purging inflation' coming out from BoE, words they can't back up with action.

"Monthly real GDP est to have fallen by 0.1% in Sep 2024, largely because of declines in manufacturing output and information and communication services, after unrevised growth of 0.2% in Aug 2024."

Source: https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/gdpmonthlyestimateuk/september2024

"Monthly real GDP est to have fallen by 0.1% in Sep 2024, largely because of declines in manufacturing output and information and communication services, after unrevised growth of 0.2% in Aug 2024."

Source: https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/gdpmonthlyestimateuk/september2024

I see HHH81 is happy to nominate Truss for 'Best PM Ever' award 🏆🥇

14yrs of Tory neglect for key services, treasury money spent three times over, £700million wasted on failed Rwanda scheme, £100million wasted on a bat shed for HS2, Michelle Mone allowed to thieve from taxpayers via the £200m of contracts to provide faulty PPE...

Not to mention it was the Tories which increased taxes by more than any other parliamentary period, all whilst overseeing the first decline in living standards for British citizens ever recorded in modern history.

Thankfully the rotten Tories will be out from Number 10 for a long ole while now✌️

"Despite big gains in the BT share price in May, it is now rated Underperform by artificial intelligence stock analytics platform Bridgewise.

Indeed, Bridgewise goes on to rank the company in the bottom 30% in the communications services sector. It flags up net change in cash and return on equity as significant issues for the stock."

"Bridgewise sees no real potential upside in BT stock at the moment."

Fleccy - Completely agree that it's impossible to 100% predict. However, it is possible to analyse the wide array of data available and make inferred judgements about the direction, pace and approx destination for the SP in a stock. Yes unexpected events can change things but... fundamentals and macros matter.

Data out this morning on DD Failure Rates (ONS).

Oct 24 looks to be flying rather close to the max levels seen in the whole dataset (data runs from Jan 2019, monthly, though until Oct 24). Both the seasonally adjusted and non-seasonally adjusted. Not only that but also the Transaction amounts for those failures have hit the highest levels Aug-Oct24 (hardly surprising given the cumulative high inflation which has built up) I suggest ahead of the delayed GDP figs coming out tomorrow this is not good news for UK PLC at all!

Source here:

https://www.ons.gov.uk/economy/economicoutputandproductivity/output/datasets/monthlydirectdebitfailurerateandaveragetransactionamount

Avocet123 - My forecasts on EZJ have been off the mark yes, you're correct to point this out. However, on many other forecasts I've called the direction and very closely called the destinations too. It's of course the case that EZJ has had particularly high sales expectations + complexity of Gaza/ME turbulence too. I still think EZJ's costs are going to land in far higher than anticipated by markets, and there won't be quite as much pure profit left over to support the heavily ramped SP expectations doing the rounds. The journey for all of the airliners back to a post covid new normal is not yet over, there was a huge demand surge immediately post covid, and I think forward looking demand will somewhat soften meaning the SP will not reach the highs speculators believe it will.

The floor is not near, there will be little to no let up today or tomorrow when those UK GDP figs are due to land.

JO claiming 'as predicted' 🤣🤣

Few months back the same JO was claiming they would hold for the long term as they saw it as a growth stock forecast to head towards 40p, 60p and onto £1!

Swazers on here shared some nonsense technical charts also ramping which many were happy to share and dream big with much rampings!

Meanwhile it was I who forecasted big trouble ahead and the upcoming results will only make matters worse yet...

For those who stay in here good luck because you are going to need a LOT of it!

CPI will be tapping shareholders, will announce yet more sell offs or if they cling on then 18-36months from now the business could no longer be viable at all.

Asian markets fell heavily overnight, FTSE indices all falling mean traders booking losses need to sell other equities to cover losses elsewhere in their portfolios, FTSE set to fall more and even USA now struggling to maintain momentum too... UK macros bad too

*published tomorrow

The attack today is going to be rather savage and will catch many by surprise (except me of course as I've been warning about it for ages and only minority have listened to the evidence I've transparently shared).

The attack will not stop tomorrow either, ONS delayed the GDP figs which get punished tomorrow now instead of today and based on the fact the rest of the economic indicators have been really poor for Sept I'd say there will be much more pain coming yet).

To me this reads as a second buyback... so £1020million in total (as the prior scheme had the ceiling lifted on it by £20mil via RNS too). However, I see us dropping some more yet here, as the wider market is clearly struggling to hold at current values).

Agree, it is going to fall. Heavy drops on Asian markets overnight and FTSE is already primed to keep on falling IMO right down until it reaches ~7560 points.

Https://www.independent.co.uk/life-style/food-and-drink/wetherspoons-stops-selling-san-miguel-beer-b2646122.html

What's the full name for that 'Wood Group' which keeps being mentioned?

Close Brothers is tanking ⬇️- hardly surprising given the car finance rulings

PRU not doing so well either today - also unsurprising!

Sub 8000 points for the Ftse 100 imminently ⬇️