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Insurers do keep a provision for bad weather as part of their SCR calculation, just it's probably been far worse for DLG and may have a liquidity issue. Aviva would be far better as it can mitigate liquidity risk through it life business.
Legowik, that's a very useful post thanks. How stupid of me when I look at oil prices for oil stocks why didn't I ever look at lumber prices. Makes a lot of sense now why wbi has plummeted along with aggressive selling by wbi itself. Did a bit of research, lumber prices usually picks up in spring and summer when construction work peaks during the year. I'll hold on for another 4 to 6 months and hopefully get back to my average if 220p. May even top up more.
Your correct it made just 1m of profit, the 90m is gross before tax and continuing operations which had a 88m loss for bargain purchase whatever that means. However the net assets are 300m, but that valuation is very subjective, but definitely can't be low as the current mcap of 30m. There is potential for better profits in next report, definitely better than 1m let's hope so. I reckon the share is defo worth 5p when all the selling ends so I'm going keep hold. My average is now 2.3p
Ah Minvest the number of times you end up looking like a fool. I don't believe in technical analysis, it's very much like behaving as astrologer who thinks they understand planetary movements and how that impact lives. Only technical analysis I sometimes look at is the rsi, there seems to be a clear pattern most of the time when the tide will turn when it hits 70% or 30%.
NEW YORK (dpa-AFX Analyzer) - The US bank JPMorgan has given Rolls-Royce papers "Negative Catalyst Watch" status. Analyst David Perry is particularly skeptical about the British, although he sees optimal conditions for the civil aviation industry as well as the defense sector in an outlook for 2023 available on Tuesday. According to the expert, solid sales growth over many years beckons. Airbus is on the "Analyst Focus List" as a particularly convincing investment idea, Rolls Royce as "underweight" with a price target of 70 pence against the industry trend. At Rolls-Royce, the balance sheet is very weak. There was a threat of "short-term pain in favor of long-term gains"