Inflation has been here for ages cars, houses, food but the BS numbers they use are well just BS. Now we are going to get big big inflation that cannot be obfuscated. When salaries start to rise the cats out of the bag.
Always made me laugh house price growth being included in GDP... So take a cottage built 150 years ago that is the same as it was when it was built....price goes up 20 / 30/40 percent and times that by millions of cottages and het GDP growth...it was freaking built 150 years ago no value has been created ! Not that Joe Public could understand something so simple...hey look Ant and Dec are on ...put the kettle on
I went with Tui last year end of Sept..to Greece.no vax requirement...hardly any fuss, tui had a covid cover included which i though was smart as all the insurers including my annual policy had rewritten their small print...They didnt get the renewal the jerks. Had a great time and so glad i took the opportunity when it was there....there were families with children...ok half down on usual numbers but not insignificant......apparently now it's too dangerous and not allowed go figure ? The greeks looked like they were handling it well (Rhodes) and not going full on national socialist. Tui themselves i thought handled it well including on the aircraft
@JamTart2 "Agree totally."
You know something else has been bugging me about the SD and Consolidation and I just can't square somehow. Gorgous Dave must have had a hand in this and it just doesn't fit with his MO if he had been staying on !
So now i am thinking Alex Ferguson and Manchester United ...secretly you don;t want success for your successor as it tarnishes your brand ? So did Dave P in the Pool ?
"Still interesting there may be people on here who were considering BA stock and it also shows that things are still quite a way from returning to what was normal pre pandemic."
I've been keeping tabs on TUI who i love as a company....but bailout from german govt,,rights issue...debt up to the eyeballs and the mania is incredible...it's one of those you look at the fundamentals and think there is no equity. Yet they all squeal with delight at the bookings or potential easing of restrictions. You could open up tomorrow and those liabilties aint going away anytime soon. Some posters wax lyrical about debt forgiveness from german govt....it's like a dope den on their BB. I wish and hope TUI survive but they can do this at the same time as shareholders lose their shirt....and there is talk of 500p 600p ...to the moon gromit !
It's like they talk about rates like pilots talk about aborting takeoff before V1 takeoff velocity, but the point where these charlatans have taken us they cannot abort(lower rates) such is the point we're at because of their past actions. The Yellen creature with her talk of rate rises seemed to forget she's not Fed chairman any longer, you do that in a regular company and you will get chewed out if you're lucky and possibly fired for stepping beyond your role mandate. Powell looks like a right lame ass i bet he didn't even call her out
Interest rates are not going anywhere i wish they were just to scare the bejesus out of all those mugs who have dived in of late to the UK housing ponzi scheme but i reckon rates will more likely fall than rise. These bluffers are out of runway they can;t raise rates
So looking at this to see if it's worth piling in again...factors against politics and the hedge....that would almost be enough for me to steer clear and say Fres is a better bet. One factor is when there is a scramble for silver miners..i am sure many newbies won't be aware of the hedge or the politics so could get a short term rally. Doesn;t bode so good for the long term though does it ? The hedge is on silver though not gold am i correct ? So a gold rally would help Hoc ....the politics cloud doesnt make me feel cozy !
For me Trump was all talk and never delivered, however he didn;t start any new wars. He unlike most of the POTUS's seemed quite anti war....now saying worst president well let's face it when was the last good one ?...they've all been sh** paid for puppets. The Uk elite are a corrupt rotten shower but they pale into insignifcance vs the US elite. Trump draft dodger...Mini Dubya Bush draft dodger....clinton although some debate on that...date of birth on his side just squeaked out of the lst of the draft apparently
I am no fan of trumpp he carried on destroying venzuela ...could have pardoned snowden and assange...he was like a firework with big claims that went pffttt. That aside i wouldnt be surprised if he was robbed at the elction the numbers he got and still lost don;t stack up to me. But that's the US, what difference does it make ? It's just a rotten hollowed out country. I reckon the iq has probably dropped by half in the last couple of hundred years. It's not the country it was and now it's on borrowed time with the dollar and reserve status. 200 years ago you had to be smarter to stay alive in a very tough environment. Now you can be as dumb as **** and binge on welfare and chinese made products bought with printed dollars
and another thing i don;t think the US has the cahones for a real fight with an enemy that can do thems some real harm. Any boxing manager will tell you it's not jst how hard you can ht it's how hard a hit you can take !
As we discussed it's possible those charlatans dont have any gold and time or events or both will come to a head and the uS won;t simply be able to afford a war. I think the tipping point anyway will come as it did with russia they just can;tt afford the military anymore and it will decay. I think it's moot anyway because they don;t have the stomach for it...
Jim Rogers hit it out of the park when he moved to Singapore and said the future lies in the East...and he's a pretty smart guy... I think Europes future is probably rosier than that of the US.
I actually was so pleased when Obama was elected i thought wow that's great but Obama was an awful president a real paid for puppet of the DNC and powerful interests
I would say the odd are very much in favour with cey... i culd have traded it recently as it drifted back....as i did that it could have done the exact opposite. With the history here and where the SP is.....upside vs downside is hugh by a large margin
Saw the Jeffries take on Cey ..they are one of the brokers who are usually pretty straight and call it like they see it...unlike a lot of them especially if they happen to be a bank !
Yes i do get it we have been here before. Low rates are the root cause of all the problems currently..oh debt is cheap let's load up is total baloney. Intel admitted yesterday they are years behind in technology...been doing buybacks since 2011 for the benefit of directors not investing in the health and future of the business, they are not alone.
The debt obligations are half the market cap...the pension deficit was not completely cleared.
It was called a special dividend(SD) ..IT WAS A SD in NAME ONLY because of the Consolidation.
The SP shows me to be correct this is a lame SP because of the fundamentals. And the fundamentals could have been different.
And one thing that slime Phillip Green was absolutely correct on low rates cause the pension deficits so a smart board would make sure that problem permanently goes away. If Tesco had cleared it and most of it;s debt...it could have borrowed more in the future to expunge future deficits or to make acquisitions...heck to do booker again they wouldhave to grow the debt !
They should never have done the SD and consolidation period
You would have been better off selling before the ex div date and buying back in and if you'd left it you'd have had more shares than you started with with where the SP has gone. At these levels on a consolidated free float this SP is the equivalent of well sub 2 quid 1.70/1.80 based on the pre consolidation. A debt laden company still with a pension deficit that wil likely grow. A repaid rates rebate on top of increased costs of covid of nearly a billion. The online not being so majorly in demand now we are coming out of the woods, so i guess that's going to need trimming to find it's optimum level.
Way to go BoD ..way to go...
I have said before without all these shennigans you'd all be the proud owners of a debt free company with a SP way above 300p.
All thanks to a Board of Directors and their city chums doing a complicated share consolidation alongside a Special Dividend that effectively cancelled each other out so no share holder benefit except for those who it was actually a tax liability and thereby incurring a loss. The net effect was a return of capital but it wasn't that it was a Special Dividend so taxable if not held in the type of investment wrapper such as a SIPP or an ISA. HMRC are going to follow the rules not make a one off judgement and say hey those poor TSCO holder's didn't actually benefit or will actually be penalised.
Rules is rules and the BoD chose to do this, for whatever mind boggling reason.( I can only think due to some benefit to the BoD.)
Hey they apparently didn't even clear the pension deficit and they have half the market capital in debt liabities.
But hey ho theu did a return of capita via a share consolidation and a special dividend because they couldn;t find any other use for the money...like clearing the pension deficit in full and paying down debt....
What was the incentive to do this for the Board ? Are we back to the bad old days now Gorgeous Dave has scarpered ?
Took some Fres just now so I can have some skin in the silver game. Hoc looks peculiar...I need Sotolo advice on the latest with that..seems some political stuff afoot ...looks cheap though....but ive made that mistake before cheap can get cheaper