Member Info for Strike123

Me too missed selling this in 160s. The moment Reeves announced reduced stamp duty from April next year, I thought I should sell this but then saw that price did not drop so held and forgotten about it. I think this will not move up unless Reeves comes up with schemes like help to buy or increase the threshold for stamp duty or something else. May be interest rate cut to 4.5% next month could bring interest back in TW?

I was looking at buying this morning but lucky that I held back!

Something is not right with ITV.

With buybacks going on, SP is dropping continuously without any news. Don't know if investors lost interest in ITV.

Dame needs to do something more to bring the interest back on ITV. I like how she invested in ITVX and gave life to ITV which otherwise would have doomed without streaming business.

I guess now the only thing that can bring interest is the M&A. Someone with big pocket from across the pond might bid if the price goes any lower. Someone might be already eyeing and so is the reason why SP is being "taken" down?

Anyways might buy a small tranche if it hits 70p.

It looks like FTSE companies that have earnings in dollars are up as dollar is up due to Trump win.

I think fall in SP today is due to some profit taking in BT as the money is moved to dollar earnings companies?

Hopefully we have a good trading update from BT

Trump win is a good thing for airline stocks as he said - drill baby drill so he surely will not let oil go up to previous highs of 90s and 100s. Also oil is down as soon as the election results are in! So definitely a good news for airline stocks and the interest rates also poised to come down so I think IAG and EZJ will see new highs soon. For IAG, I think we will not see below 200p again unless Iran decides to go all in or may be they don't after Trump win!

Peso fell to a 2yr low after Trump lead!

Guess not a good news to FRES?

Great find! I keep saying BT can do Rolls Royce and Fidelity article confirms that.

Just posting here the article content about BT -

Interim results 7 November 2024

It’s never a dull moment at BT. While it’s busy connecting millions of homes and businesses to its fibre optic network, billionaire foreign investors are exchanging huge stakes in the company. It’s also shedding tens of thousands of jobs and seeking to put its perennially troublesome final salary pension scheme on a sound financial footing.

In August it was announced that India’s Bharti Enterprises, founded by the billionaire Sunil Bharti Mittal, was buying the 24.5% stake in BT previously owned by Altice, a telecoms group founded by the French-Israeli telecoms tycoon Patrick Drahi. Mr Bharti has said he has no intention of making a bid for BT but he clearly regards its shares as undervalued, even after a rise of almost 50% since late April.

There are signs that the company’s profitability, and its ability to generate cash, are heading in the right direction. Analysts point out that the expensive process of building its fibre optic network is only a couple of years from completion, which will allow significant reductions in capital expenditure and the workforce. BT also hopes to have eliminated the deficit in its pension scheme by 2030. Meanwhile, rivals such as Virgin Media O2 and TalkTalk have big debts and may struggle to offer much competition.

Analysts at Redburn Atlantic, the broker, wrote in a report last month: ‘The past eight years have been miserable for BT shareholders, with a series of self-inflicted and competitive mishaps … However, BT’s challenges are trivial versus rivals’, most of whose finances are in tatters … we expect a cleaning up of BT’s cash flow and earnings, alongside swingeing cost reduction, to rebuild investor confidence and help lift deeply discounted multiples [of the share price relative to earnings].’ They said that from 2027 BT’s dividend should be comfortably covered by free cash flow while net debt decreases.

The analysts added: ‘No company is doing more to help drag the UK into the digital 21st century than BT. This, of course, is hardly reflected in its price-to-earnings multiple of 8 and its 5.6% dividend yield … we see BT’s recent share price recovery as the start of its renaissance after eight years in the doldrums.’

Silver recovered overnight by 1.3% as of now so I think FRES could visit ydays new high.

Bloody US markets opened and Silver dropped to $33.83 from last night high of $35 on FRES results day.

Really hate that this is happening on results day.

If Silver bounces back to $34.5 in the evening then it could go past $35 to attempt a new high for this year.

Stop shorting Silver you idiots

Ah back in the red. Silver down from days high. It needs to go back to $35 and stay there for some days. Fres FTSE 100 traded like AIM. Fewer shares in circulation causing the volatility I think. Come on FRES bounce back.

Don't know what those numbers mean for the market. They only gave production numbers but not the financials. YoY Silver and Gold production numbers have modest increase.

But considering current gold price and silver price FRES must be making good money compared to last year. Let's see how market reacts.

Great post Casapinos!

BT is the only stock right now that is at bargain basement level although the current share price is valued reasonably due to the debt but it gives me confidence that management is paying dividends and not worried about managing the debt. Once the fibre rollout is near to completion, they don't need much staff and their is a plan already to reduce the staff by some 30,000 before 2030 so the pension contribution costs should come down along with interest rates. Anyone purchasing now can easily look for 30% rise in SP next year. Allison Kirkby just need to carefully manage the costs and steady the ship as BT sails through. This can do Rolls Royce once the fibre rollout is complete. AIMO. GL

"Plus 10% increase in demand (in air fares only) = approx a 1% margin increase, a 10% drop in fares = 10% margin decrease. Its why the SP has moved around so much on fear of lower Yields, despite all the traffic data saying demand is up.

"

Not sure where you got the above? Agree that they are limited with the capacity with which they can fly all throughout the year but the thing to note is that with inflation falling will also bring down their interest payments on debts and together with increase in demand, the numbers should be back to pre pandemic levels although now they have holiday business which wasn't existing before pandemic. Considering SP at a high of £10(considering increase in shares) before pandemic so the current SP is highly undervalued.

Well it was said previously by the economists and media that high inflation leaves us with less money in the pockets so less travel which effects airlines like EZJ and so was the reason why EZJ SP stalled. Now falling inflation means more money in the pockets so demand for travel will pick up and airlines benefit. I have not seen once with any product where once the prices increased they don't come down! People will get used to that new price!

For EZJ, even if the ticket prices come down, they would benefit with more people travelling. Anyways will wait for the numbers. when is the next update ?

With all the prebuget news, it feels like we might see a Liz Truss style collapse in the stock market.

Latest I read today was about hiking NICs for employers, which can collapse already highly indebted companies with high interest rates. I can see huge job losses if they increase NIC. This can have domino effect on other sectors like loan defaults causing huge losses to banks?

Chinese FM speech on Saturday was a damp squib as I predicted. As per Bloomberg, investors say that the speech was underwhelming and no big numbers for stimulus mentioned. Depending on how China index reacts, GLEN could go down and back to 400. Don't think it will be taken to low 350s. Rate cuts and good trading update can provide the support but may not see 475 and 500s this year. Best is to continue to trade IMO

No cgt on isa shares

More on CGT -

A government source said the Treasury had ruled out raising the levy to such a high level, but did not deny it could be increased to more than 30 per cent.

The highest rate is currently 28 per cent – far lower than the top rate of income tax of 45 per cent - and is charged on gains from carried interest for investment fund managers.

Higher-rate taxpayers pay 24 per cent on gains from the sale of second homes and 20 per cent on gains from sales of shares and businesses. Basic-rate taxpayers are charged 18 per cent and 10 per cent respectively.

Some in Labour have called for the rates of both types of tax to be equalised at 45 per cent for additional rate taxpayers.

I was checking if this news came out after trading hours but don't think so. It dipped briefly to 523 in the afternoon which could be due to this news but climbed back again by the close. Reuters article mentioned that the FT reported the delay and cancellations previously which could be sometime earlier in the day. Big investors would have obviously made quick calls to find out why there are delays and cancellations and would have found that it is due to the delay with the parts from RR. Bloomberg also mentioned about delays with the supply of parts for RR engines. So it is not a new technical issue with the RR engines. I think delays with the parts has been an ongoing issue for quite sometime but it seems like British Airways is moving to GE for their 787 fleet. Whoever is the part supplier for RR, Tufan needs to do something quickly to prevent the delays. I still think big funds and investors would have been aware of this news before the trading close and yet up by more than 1%! Could see a little drop in SP on Monday morning and hopefully it is not a really big issue to be worried about! Below is from Bloomberg -

“We do not believe the issue will be solved quickly,” British Airways said in a statement. “We continue to work closely with Rolls-Royce to ensure the company is aware of the impact its issues are having on our schedule and customers, and seek reassurance of a prompt and reliable solution.”

Rolls-Royce said it’s working with British Airways “and all of our customers to minimize the impact of the limited availability of spares due to the current supply chain constraints.”

British Airways has been using Boeing 777 planes that it has on standby to avoid cancellations, but the heavier use of those older jets means they require routine maintenance and sufficient downtime.

Rolls-Royce said the issue goes beyond British Airways, highlighting how a persistent shortage of components continues to affect the aviation industry. British Airways recently switched over to General Electric to power its new set of 787 aircraft, dealing a blow to Rolls-Royce, which has seen its market share on that model dwindle.

Sold

I was just at the break even

Seeing it giving away 421 I think it can go little lower by tomorrow or by Friday.

Chinese FM speech on Saturday could be a damp squib but you never know what can happen on Monday opening. GLA

Https://www.bloomberg.com/news/articles/2024-10-09/china-finance-minister-to-brief-on-fiscal-policy-on-oct-12