Member Info for Savage_KeyboardR

Thanks OTC - Fair comment, although reading the press would have the majority believing that offers have to be at or above asking prices to secure purchases right now... There's widespread attempts to ramp/pressure buyers into significantly overpaying imo. Agents and sellers certainly trying it on, and no doubt occasionally getting away with it too! Cheers for the congrats and I think pushing harder may have possibly opened us up to risk of seller pulling the plug (in the event of another buyer falling under the spell of the rhetoric)... 9% drop is ample for us, we hit our target so best to just do the deal imo!

RogueRiver - right now, under a Tory Gov, CPI is around 12.9p... Are you suggesting you're pleased with the current situation and fearful of that changing?

Riddle me this?... If house price growth is so robust, and UK economy so strong, how is it my wife and I just had our offer on a house, at just over 9% below their asking price, accepted?

Good news is the 10% profit I made on my TUI stake, together with some other share dealing profits over this last year, went towards my share of the deposit (my wife also made some profits from trading too)!

As I've said before, I really like TUI as a business but... UK economy is extremely sick indeed, many appear to be very ignorantly sleepwalking into serious trouble, not helped by the many articles pumping up the property market being full of blatant lies. If what we have seen locally is being replicated nationwide (naturally I've no proof it is, but I think that data will emerge in time) there could be major trouble ahead, as the weight of debts and the crunch of falling assets converges with a surging dollar. There could be a cruel Autumn/Winter ahead of us.

Thanks both for taking time to post your thoughts, and I'm curious to read/learn more... hopefully some others on here will post their take/viewpoints too.

Looks as though the next drop may be starting to emerge?...

"a lot of the stuff done by Capita has got to be done by someone / something " - aka the too big / too important to fail argument... wonder where we've heard that one before?... If cuts are demanded, then cuts there will be, all said imo of course and DYOR.

ONS latest release on the state of UK PLC makes for a sobering read:

https://www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicsectorfinance/bulletins/publicsectorfinances/march2024#revisions

It's difficult to imagine how this dreadful financial state does not end up with savage public spending cuts in the near to mid term future... Given CPI's reliance on continued Gov spending surely there will be fallout for CPI arising from accumulated poor economic management of the UK Gov coffers?

If it is the case consumers are so confident then can you explain why UK retail sales are completely flat?: https://www.ons.gov.uk/businessindustryandtrade/retailindustry/bulletins/retailsales/march2024

I didn't say I don't understand the Macro, those were not my words.

I said I don't understand the Gaza/Israel/Middle East situation... Yes, I see it that it has apparent fallout and is generating headlines with stocks seemingly responding i.e. I understand there seem to be outward knock on effects but... I do not understand Middle East politics i.e. the causes. Cause and Effect of course being very different things and it should be said that correlation does not always imply causation.

To clarify... SSPG should have fair buying support as it approaches 180p, perhaps preventing it from dropping beyond that level.

Broomtree, do you have a source you can share?

Aus, UK is already a basket case... sadly seems many are happy to welcome the return of rickets and other Dickensian era ills, expansion of thoroughly run down/deprived communities, rising unemployment, declining house prices, weak equity prices, growing food bank queues, medicine shortages, perpetually late running trains/buses, rivers converted to defacto sewers... it's a sad state of affairs but... growing 5G and FTTP rollout is one of the few diamonds in the rough!

Https://edition.cnn.com/markets/fear-and-greed - I don't agree, when I checked this around 7.30am the scoring was 34 and right now it's 32 (lower being worse).

Davethehorse - I think your 180p prediction might just be about to be realised later on today, when the US markets open up... SP could end up closing out the week around 184p perhaps.

Imo when them Yanks awaken... later this afternoon here, they're going to absolutely pummel stocks downwards.

Yes pokerchips, seems my 165p prediction was incorrect/premature... I still reckon BT will prove an immensely sound investment, at these prices, within a 0-9 month ahead time frame and its why I'm continuing to buy up more tranches as and when I can afford to.

Bears be looking Hangry....

Agree with duncb, sell off of BT Ireland could make sense if theres some combination to both clear some debts down and to divert some supporting funds towards the 5G and FTTP rollouts too.

Strap in for some.turbulence... Nikkei & Asian markets significantly down and Ftse future indicating a fair drop on the open. GLA

Likewise thanks for responding and as for my switch from bearish to bullish and back again... I've been carefully examiningstatutory data releases and some key business results too and what I consistently find it they don't match up to press hype about 'UK economic strength'... fundamentally that's why I've believed UK is headed for troubled waters... because the data says that's where its heading (albeit with lag as releases by ONS etc are always for past months). On the Israel/Gaza/middle East... I don't comment on it because I literally have not a clue about the situation there and how it impacts travel industry. Obviously, like many others, I can see correlation between notable events and SP making moves rapidly afterwards but I just don't have any knowledge about it all apart from reading headlines. Whereas on the economic data releases I'm way more familiar interrogating the data being output.