Member Info for Savage_KeyboardR

Bertram - completely agree with you there the Tories often harp on about how great they are for business when in reality they've been consistently rubbish and especially awful over these last 14yrs which is why the LSE has fallen behind when compared to the other global stock exchanges. Fortunately Labour are now at the helm so after 18months or so have passed then things should begin to significantly improve 👍

BoE holding rates high and falling consumer demand levels is making a FTSE correction look nailed on. From ~8400 level down to ~7560 certainly possible. BT SP struggling to stay in the mid 140's... further retreat towards the gap around the low 130's I reckon.

Not impossible for new gaps to open up a little below the 130p level too IMO.

CPI Struggling to cling on above 20p...

£1 a share still looking a long way up from here!

BoE still keeping rates unduly high, in pursuit of 'purging inflation from UK economy' and yet demand rapidly undergoing sublimation!

CPI stands to suffer, sales look bound to fall far short from expectations.

Goldman Sachs today stating "(UK) Bank Rate remains notably restrictive, and together with rapidly falling inflation and dovish MPC commentary, reinforces our view that the BoE will ultimately lower rates more than priced."

They're now now predicting UK Bank rate will have fallen to 2.75% by Nov 2025 - which makes the current situation of the rates being held at 5% look even more ludicrous... UK now well behind USA + EU in terms of trimming rates to stimulate a return of consumer demand.

Cevodniya - Whilst it's certainly the case the BoE could opt for a 0.25% cut at the Nov MPC it's also the case that the BoE MPC reps strongly expressed their wish to 'purge' the UK of inflation... BoE looks to be trying to mount a futile effort of holding the £ high.

EZJ won't escape the market wide sell off that looks to be kicking off in a few minutes time when those USA markets open....

Some poor data landing over in USA... looks set to kick of a bout of heavy selling IMO

Czql5v - The London Stock Exchange has been plagued with intermittent data interruptions lately, I'd imagine HL not the only platform impacted - I too noticed the Bid + Ask issues on HL.

Arees1969 - Whilst I was slightly out on the timing I was not incorrect... MS have indeed reduced their position, as shown by the RNS just posted this morning.

Czql5v - Because I'm still holding shares I purchased way down at 1~102-130. I reckon the BoE will still hold the rate at the next MPC and deflation is not good for BT which has a lot of debts... it needs healthy revenues to keep landing in order to services it's Capex debts and more. Falling inflation is not good for BT, it'll mean consumers demand price trims on their deals and debts cannot yet be refinanced at low rates either.

Avocet123 - I was busy last week, no time to browse the EZJ pages - I don't short stocks as I lack the experience and do not have deep enough pockets! I have no stake in EZJ currently but it's my view that the higher it heads now the more painful the drop is going to be when the BoE holds rates at the upcoming Nov MPC.

Does seem that way... If the price rallies some more I'll happily sell up the remaining stake I'm holding because I reckon the SP will be back down to ~£1.30p and possibly below in the 0-6 weeks ahead

The macroeconomic data suggests prices are not strong at all... USA, EU and UK all seeing fast falling inflation. Bailey & MPC only pondering a potential 0.25% Nov cut which won't be enough to provide support... Dec they'll do another 0.25% cut perhaps and still it will prove insufficient...

There's a long way yet to go until demand + price support are sufficiently restored IMO.

Yet again Andrew Bailey & the MPC at the BoE find themselves significantly behind the curve... the signs were so obvious and yet they held on rates at the last meeting.

Significantly for EZJ: September saw the fifth largest fall (in air transport fares) since the monthly prices started being collected in 2001...

Surely the news this morning will have far reaching negative consequences for UK equities (those which rely on UK consumer demand) and the £ too.

UnluckyInvestor9 - the cold hard evidence says otherwise... Bailey should be sacked!

CPI fell to 1.7% in September (data from the ONS), down from 2.2% in August...

So when Bailey & MPC held at the last meeting they should in fact have made at least a 0.25% cut and possibly should have delivered a 0.5% cut.

Totally unsurprising that yet again Bailey and the BoE MPC find themselves behind the curve!

Markets, businesses and individuals have to wait another 3 weeks before next MPC (unless BoE deploys a shock emergency rates cut)...

Many view rate cuts as a positive boost for the economy, which whilst being true it does not take into account that for the BoE they have lost control so a Nov cut will be reactive to a already falling market confidence...

£ should be knocked substantially once markets open and I anticipate equities selling off too because with falling inflation (and therefore business revenues) it makes it tougher to service large debt mountains. Conversely, those companies which have used their recent bumper revenues (helped by the elevated inflation) to substantially reduce their debts should find they buck this trend.

It's a discussion board, for sharing and discussing data/trends/news... There's not really any need for decent into 'arguing with added vitriol'. Contrary to popular belief... people can hold different views, and agree to disagree.

FWIW Stupmy I share your downside views... and am starting to ponder if sub 423p could be more likely - I've stayed out of the markets recently, as in my opinion the markets are not sufficiently pricing in the real risks of rapid deflation, for UK stocks especially. I spotted some articles published today now saying BoE could make a Nov rate cut. However, I still hold the view they'll make a grave error in holding rates at the next Nov MPC.

Dip - Sub £4.60p IMO

I'd expect MS are probably busy today with selling the very stock they'd bought according to that RNS you shared there!