Sub 130p incoming IMO - Results were poor and asset sales a long way off yet. Lots more pain here over next 0-9 months at least before there could be an eventual uptick.
UnluckyInvestor9 - Β£2.5bn sounds a large sum for Daily Heil readers and populists but... UK economy generates Β£2,620,246,700,000tn - So it the real world it hardly moves the dial ;-)
Definitely drops here on the way. UK GDP figs tomorrow and I reckon that'll send the FTSE sinking and fast too! Towards ~7560 level. Massive broad based drop inevitable IMO.
JO is the investment in Wood to offset the huge losses on PRU you're suffering? PRU looks as though it'll imminently crash through the 600p mark β¬οΈ
Musk is a complete megalomaniac and Tesla not as valuable as its current valuation... Musk's downfall will happen quicker than many may imagine IMO. Him and Trump bound to have a huge falling out and the American mob (the people who voted Trump) will turn on Trump & Musk soon enough when Trump inevitably fails to MAGA.
ToffAppleton1 - respectfully, I disagree. Rest assured I have done my researchπ - I am also only buying small tranches here if, and only if, the price point is good value.
For transparency PRK1 I had a very large stake in BT until recently, I picked up on poor Macroeconomic data and took an overweight view of BT so I sold up my entire stake for cash... I used a small sum to buy one VOD tranche yesterday and I'm eyeing up further buys (if the price is right). It's my view BT has underperformed and I fully expect it to drop sub 130p over there.
PRK1 - Agree & VOD have positioned their 5G SIM only deals at keen price points. Simply has to be winning them consumer business currently, over BT, whilst people are acutely price conscious.
There's a broad based market correction going on for FTSE indices though which will likely hamper any meaningful recovery here for another few weeks yet.
I purchased VOD stock for first time on yesterday's drop and I will buy more though only as and when the SP hits good value price points.
I think the FTSE 100 is headed for the ~7560 level so the correction is only half done so far. All IMO and DYOR.
Prudential down another 5.22% today, after it had dropped 4.6% on Friday too - LOLOLOL! π - JO self appointed big shot investor sold out from CPI to invest in PRU on their objections about CPI rewarding employees to mark Black History Month.
The funniest thing is JO bought more PRU... and then it fell some more! LOL
I disagree hoss2 - I've been sat on the sidelines with cash in the waiting, have been watching this stock for a long while and it finally hit my buy price this afternoon, so I've bought in. Next couple of days are set to be painful for the FTSE but I've saved quite a bit of cash here and am aiming to accumulate a large holding here.
Tigermunchkin - Broad based FTSE correction is only half done so far, there's likely more bad news on the way with UK GDP figs out on Thursday this week. This has further to fall yet and I'm anticipating a drop to ~570 here for JDW.
JO - good question.... I sold off all my holdings for cash these last couple of months, in anticipation of a massive broad based equities drop. As it so happens I just this morning made one purchase in one stock which I've not invested into before but... this drop is not done yet. Plenty more opportunities for so called self-appointed big shot investors like yourself to lose more money yet! Then I plan on buying up stocks after the big drops have finished running their course!
UK GDP figs & house price data out on Thursday... We're going to be seeing a big drop IMO β¬οΈ