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To be fair, CBX was a 5-bagger in 2021. It was one of the best-performing stocks of all time. There were plenty of opportunities for investors to make and take profit.

AI (the future) is a whole different ballgame to tubs of skincream. AI software and apps can scale up massively, in a flash, and deliver enormous gains. CLAI need to get their AI story out there, and let the market decide.

The real story on that Article homepage is that Commonwealth Day took place this week -- and pretty much everyone in the UK ignored it.

The Commonwealth is 52 countries, 3b people, and 35% of the entire planet. The largest institution in the whole world. Way way bigger than the fading EU. And far more important for the next century, and the next billion consumers.

Cel AI need to start getting the AI word out. Spread their AI message.

Oracle popped a huge $30b of extra marcap today on Wall Street, simply by throwing AI into its earnings release. The AI trade is red-hot.

Today is the day :-)

Per economic theory, a country's debt goes up in the bad times (e.g. war, pandemics, recession), and down in the good times (e.g. export surplus).

Gold is soaring. Billionaires are bailing out of stocks. Wall Street starting to wobble.

Discuss...

https://www.dailymail.co.uk/news/article-13180433/billionaires-Jeff-Bezos-Leon-Black-Mark-Zuckerberg-sell-stocks.html?ico=related-replace

LSE is way behind the curve here. Should have been on this 1-2 years ago.

Been confirmed that the £9b of Hunt tax cuts this week will be completely wiped out by £19b of Hunt tax rises later this year. A huge opportunity missed. The ONS held his feet to the fire and scuppered the Budget.

Somebody bought ~£60k of shares yesterday and made ~£20k overnight. Pure luck and coincidence, no doubt.

Nationwide has bought Virgin Money on 16 x PE... Lloyds today is on 6 x PE... One can thus conclude that Nationwide has vastly overpaid for VM. A wild guess says the merger will end in tears...

LTI,

You're on the wrong side of history, mate. The FTSE100 rocketed +400% between 1984 and 1997, an average gain of roughly +30% per every single year. Gordon Brown raided pensions in 1997 and taxed dividends to death -- the FTSE100 has barely moved a pathetic +50% between 1997 and 2024, an average "gain" of roughly +2% every single year. Dividend tax obliterated FTSE100 growth overnight by -90% (and everyone's related pensions or savings or assets). It has destroyed the London stockmarket as a credible worldwide player. Some estimates suggest the Brown tax raid has cost $1-2T in lost money, enough on its own to put the FTSE100 up at 10-15k today. Finally, as someone posted on here the other day -- removing stamp duty would immediately deliver capital gains of £100b, some 5-20 times more than today's silly ISA gimmick.

It's also worth noting that any (small) tax gains from a UK ISA are going to be completely wiped out by the massive +5% council tax rises coming in April 2024, and the neverending fiscal drag on unchanged income-tax thresholds.

Hunt and Rishi had one job today... And they blew it.

LTI,

If Hunt were serious about juicing up the UK stockmarket, he'd signal the abolishment of the pernicious dividend tax, the abolishment of uncompetitive stamp duty, the reversal of pension-govt-bond regulations that funnel cash away from shares, and the creation of a Norway-like $1T state-investment fund. That lot would take the FTSE100 to 20,000 by 2030.

Instead, we get a gimmicky ISA that probably less than 10% of the UK population will ever properly use. Don't be surprised if most people just buy a US S&P500 ETF listed in London! What's more, the FTSE100 has barely moved today on the UK ISA news -- even the market knows it's a pre-election gimmick.

UK ISA is a gimmick -- designed to placate Tory City chums and excite middle-class voters nationwide just before the next election.

Let's assume (very generously) that 1/3 of the 12m adults with ISAs decide to buy into a UK ISA with the full £5k... That gives £20b to invest in the £2.6T UK stockmarket... Equivalent to an insignificant 0.8% gain... This is going to move the needle less than 1%... It’s an election gimmick.

It should be 5-10p off income tax. And a raising of the starting thresholds by +5%. People are tired of overpaying tax, and then watching it get swallowed up by the bottomless pit of comrades who run the state apparatus.

Actually, London (2nd) just closed the gap on New York (1st) in the latest Global Financial Centre Index (GFCI) by a huge +10 points at the end of 2023. London's banking, insurance, law and forex are in good shape. The City of London is NOT declining. It remains as strong as ever.

But the London Stock Exchange (LSE) -- where shares are listed and traded -- is in a mess. That is the part that the LSE and UK govt need to fix. Nobody worldwide wants to list their firm in London, because the locals talk them down or sell them off on the cheap. Just ask ARM...

That post proves my point to a tee... We Brits just don't have the culture for stockmarket *optimism* -- which is the fuel that drives shareprices higher. Instead, we prefer misery, pessimism, fear and hysteria, panicking wildly about PE ratios. The US market is way more focused on the forward-looking, longterm, tech potential, and will drive stocks higher to help firms achieve their goals of funding, awareness, and excitement. While New York builds trillion-dollar stocks (like Facebook), London wallows in misery and decline.

Price ticking up on the Ask here. May see some more movement in the share price.

Doubt the UK stockmarket will ever recover. There's just too much pessimism, self-loathing and misery now in the UK. Small, medium and large companies are being sold off abroad en-masse and on the cheap. Tech firms throw in the towel at the absolute earliest opportunity. Stock exchanges are being hollowed out. Liquidity has evaporated. A study last week showed the UK to be the 2nd most-miserable nation on all of planet Earth. We just don't have the culture anymore to talk up stocks or run a buoyant market.

There are very few AI stocks listed in London. This could get some serious attention.