Member Info for snige

Bob Dudley recently stated on Sky they are getting incredible deals from the oilfield services industry.Oil companies are revenue rich but don't want to part with any more cash than they have too and why should they.
I cannot see an oil company stepping in to buy when you can off load the headache of construction onto others on a thin margin and within the oil services sector why would a bigger player buy out a smaller competitor.
There is room for mergers though,would that add immediate value?.
PFC is a well run business and has been more selective in tendering.It's future is more assured but wouldn't revenue be lower and profit if the margin stays the same.I cannot see the sp higher than 700p IMHO
Iran sanctions commence next Thursday and i would imagine oil to rise but if oil companies are not happy,as it will lead to less demand and accelerated alternatives coming to market why would they invest in additional infrastructure?
https://www.bloomberg.com/news/articles/2018-09-27/total-sees-100-oil-coming-and-says-it-may-not-be-a-good-thing

As much of this budget will cover fiscal year 2019/20 we should be able to see the new dynamism the government see's in a post brexit Britain.Or will it be more of the same?? lol.

Friday afternoon and there's some bargains out there but it's Friday afternoon.
Unusually we have a budget on a Monday and would guess some weekend speculation as to what the chancellor will offer.
RBS broke ranks and stated it has put aside £100m for brexit impairments,are they being too cautious or pessimistic.
Dow looking like it's in a freefall 500pts yet it's only 2%.Got to be worth a punt on something,RBS?

Lloyds is an ideal share to follow if monitoring UK economic health.Loads of buyers/sellers no single investor who could manipulate without others jumping in.
The share price is a fair reflection of worth and indicates more people currently believe brexit in the short/medium term will be negative.
My simple view.

NIM reduced a bit because they are aggressively going for more business(income)?

Hiding behind the argument the high street has failed the shorters have achieved thier objective to take control of this share.Many investors are reluctant to invest now but only 4 weeks to results which i feel will follow previous patterns.A sharp spike followed by a slow decline as the shorters re establish control again.

Until we get an offer or the high street scenario drops out of the news the shorters will carry on with the cycle.At 115p i'm buying.IMHO

With the budget coming up i think its worth holding to see if the Government is going to put any meat on the bones of their proposal to sort out the housing shortage.CRST has a land bank in the right part of the country where people want to live but are hesitant to currently buy.This demand isn't going away and although margin will be less,either Crest or someone else acting for Crest will be building on this land as this is where the need is.

86 mpg,i hope your not including AA recovery miles?.
Agree,changing the oil is paramount but would add use an engine flushing agent every other time and put the old diesel oil to good use by treating the shed or the fence if you don't want neighbours leaning over.
Its less unsightly as broken glass or barbed wire.

From your contribution's on this bb,i'm assuming your only claim to fame is in the trading of insults,lol.
You are a master at it but not something most people would be proud of!
Good luck with your globalist adventures.

OK Boomer,so we haven't done too well in a free market with EU because they forced us to buy £65 billion more of thier products than ours.
May i remind you the EU are a bunch of amateurs when it comes to trading but you're still prepared to enter into a free trade agreement with China or India who would no doubt crucify us.
I wonder why Trump is going for protectionist policies?

Boomer,thats a classic blame the EU for our trade deficit as if they force us to buy their goods,lol.I bet you if we are talking about the finished product you'll find it hard to replace at a cheaper price what we import from the rest of the world,food wise.

Exactly ignore Europe it doesn't exsist.Lets go for trading around the globe.
Its just like having a business in Norwich.We've decided to ignore the markets in Birmingham,London and Manchester and concentrate on Anglesey because it makes more sense!

Bazza,you still asleep!

Dyson confirms new electric car will be built in Singapore.
If your markets are a long distance away it makes sense to build close to the market.I wonder,could this be why Toyota and Nissen build in the UK,lol.

Well if bloomberg rumors of more buybacks and special div for next year wont hold this share up,not quite so sure 3rd Q fig's will.Might pay to wait for Antonio to retire,he'll want the share price to rise with the amount he's got.In the meantime i don't think Lloyds want to pay more for these shares than they have to,although they did paid upper 60's earlier this year.
Raab started confidently but realised pretty soon he was up against 648 MP's(exclude's himself and the PM).The MP's have lost trust in Government giving them parliamentary sovereignty in the form of a meaningful vote.Forget about Brexit its all down to sovereignty of UK parliament now but it was reassuring the number of times Raab indicated the speaker will have the final say on any amendments proposed on the deal!!.

Government needs DUP support for budget at end of month so no rocking the boat for a few weeks but what if NI became a freeport whereby ourselves would automatically have a customs union with them and the EU should be able to preseve their exsisting one.
I'm sure it was slipped in at PM's question time (as a bit of a joke) that NI could end up in the best of both worlds but no details as to why.
Would be good for NI.
Raab did seem rather relaxed today on Andrew Marr show.

Asp,very impressive 3rd Q fig's and if they beat expectations we are very likely to get i rise later this week but with the current trend many investors will take it as an opportunity to off load more.
I wonder what will happen if it doesn't meet expectations?.
For our foreign investors i still cannot see any bounce in sterling with a possible rejection of a deal,a possible 2nd referendum or even a no deal cliff edge.
I'm looking at mid January as a better time.By then some of the uncertainty should have dissappeared and a nice divi just around the corner.
We are well passed this idea of just walking away,if we ever had that intention it should have been carried out back in April 2017 giving business time to adjust.With 5 months left a cliff edge shouldn't be on the cards so i'm assuming some sort of deal(fudge).
Forget about the politics.Our negotiating team has failed completely to grasp the situation and the underlying problem was this idea the EU had more to lose than us,plus the importance of time.
You might be able to get away with Casual Government with the general public,fobbing them of with delaying public enquiries,austerity will end this year etc but it doesn't work when your dealing with equals.
JMO,i know what your going to say."This was the plan all along from the very day Theresa May was chosen to lead".

Few more twists yet for UK focused business.
My feelings are the deal she ends up with will be rejected and with little time left walking away will not be an option assuming we're still having discussions in December.
The plan is by coming back with a hopeless deal even leavers would find hope in a 2nd referendum but of course she would currently deny it.
A 2nd referendum is an obvious escape route and save's the risk of a general election and if you lose you can always do a Cameron and let the rest have their leadership battle's.
For Theresa it's been a long two and a half years.How about her becoming England manager when Southgate retires?

I don't know all the in's and out's of Lloyds but i would guess like the rest of the ftse 100 ownership is held by a large share base of foreign holders which averages at around 56%.
Start looking at the company as if you were a foreigner.They base their judgement not only on company performance but what they read into the UK economy which is probably via official reports and also what effect this will have on FX.No doubt they haven't left the UK as the latest fig of 56% was taken from 2017 so i would feel they are switching to $/€ earners.From their point of view they still cannot see a recovery in sterling but when sterling does recover(when) they will return to companies like Lloyds.
If they are slowly selling up then thats an awful lot of shares to mop up in companies like Lloyds.I did think why no holdings rns but the share registar must have hundreds of funds below notification thresholds.
One last point,this theme of
"I honestly will always put my Country before my personal greed".Just for the record most remainers think just the same.There is no enemy within.

P.S personally i like to know what commitment my country wants first before i agree to it.Too many in the past have been sucked in on that one.

JMO,this statement of yours is a complete lie.
"I used it as it's become a popular way of describing what the majority of people actually voted for".What your saying here is all 52%,all 17m voted for hard brexit,out on WTO terms and see what free trade agreements come along?
Are you serious and can you prove that all 17million voted for hard brexit.Can you say none of them were persuaded by £350m a week for the NHS(brexit dividend) which in reality will be paid for by additional taxation in this years budget
Be careful what you state or buy some better Christmas crackers.