Member Info for Savage_KeyboardR

According to Avocet "We have days like this literally every 2 to 3 months."...

🤔...Meanwhile: "Japan's Nikkei 225 share index was down more than 12% at the close on Monday - its biggest fall since "Black Monday" in October 1987."

Source: https://news.sky.com/story/fears-of-us-recession-send-asian-stock-markets-tumbling-13191108

"and everyone's happy getting a bargain price at sub 16p." - interesting, esp as it'll soon be even lower. How happy will they be then?

Its biggest fall since "Black Monday" in October 1987: https://news.sky.com/story/fears-of-us-recession-send-asian-stock-markets-tumbling-13191108

KevinC100 - Yes, I agree that CPI is ripe for a bid.

Trisor - labour are the only reason the selloff is not considerably deeper for they have kept the Farage + R-A-C-I-S-Ts loons and the tory appeasers out of no.10 -

cpi and many other uk businesses would be doing far worse if labour had not won and thankfully the sensible centrists won because the hard left and hard right are repugnant to all decent people.

trisor - labour are the only reason the selloff is not considerably deeper for they have kept the farage ******s loons and the tory appeasers out of no.10 -

cpi and many other uk businesses would be doing far worse if labour had not won and thankfully the sensible centrists won because the hard left and hard right are repugnant to all decent people.

Correct I do not have a crystal ball... However, it's obvious to many there are deep rooted macro issues and this current drop is just an early warning tremor imo.

And another: https://www.ons.gov.uk/businessindustryandtrade/business/businessservices/bulletins/businessinsightsandimpactontheukeconomy/1august2024

Https://www.ons.gov.uk/economy/economicoutputandproductivity/output/bulletins/economicactivityandsocialchangeintheukrealtimeindicators/1august2024

Thanks Basher, love you too 😘

Oh AH definitely sold Capita One at the right time... he'd not have fetched such a good price for it after this last week of trading else...

But just because he got lucky with offloading Capita One it does not mean he can definitely save CPI... a storm is coming and there will be victims... even victims with good captains at the helms.

Bigtimebilly - there's clearly sellers, else the price would not be falling... but yep I agree it makes no sense to sell BT as over peak capex so sales, revenues and profits will all be very robust from here on in and the divi helps too.

I respect your new take JO... welcome to the discussions but... I offer a counter proposal:

Normal times are firmly out of the window because of a few factors:

1. A mountain of commercial real estate debt is out there on next to worthless assets, many pension funds are in waist deep + some.

2. This time Government firepower is much reduced.

3. Residential real estate has been over egged by agents for far too long, atop is the terrible state of disrepair of majority of housing stock. Homeowners also waist deep in housing debt.

4. UK businesses suffering from a permanently sick/unhealthy employee market, due to NHS backlogs, plus constant terrible public transport infrastructure issues plague the competitiveness of UK businesses too.

For companies going into this turbulence with massive existing issues like CPI it is the case that some will not make it out the other side.

And to think, recently on here some were saying CPI SP was headed for £1 🙄🤔... utterly delusional!

Kipper9 - yep, I agree... if you think it's bad now then wait till the US opens later as its going to get a whole lot worse yet today.

128p I think is possible.

Trisor - AH has done better than expected but... he's trying to mount a turnaround during a period in which were going to see complete carnage and many businesses going to the wall in the months ahead. UK lacks capacity to inject cash into the markets as the debt mountain is already massive at nearly £3trillion & 100% of GDP. BoE does have room to make interest rate cuts though, they could drop to 2-3% but there will be lag before the cuts give meaningful support as getting down to there won't happen overnight.

PJT12 - that's simply not true that I've only posted here on down days and you're just trying to encourage silencing me because what I say does not fit with your narrative... I posted many times though recently I was on holiday for a week so I did not comment during that time.

Trisor - yep, I agree, I think the US Fed will step in but... I think they'll allow it to drop some more yet before they do as they'll want to fire the ammunition at the right time as the market has bubbled somewhat over the course of this year.

PJT12 - I disagree... in the medium term AH is going to run out and be in need of more money so he'll either have to conduct some more selling of CPI's profitable parts... or he'll have tap shareholders for some more cash, CPI is in a very dangerous situation and I've warned about that on here repeatedly but few have listened.