Member Info for Stupmy

Stas, not very sophisticated is the answer. I'm not clearly seeing 267/268 that was LW. I do sometimes look at fibs but I'm not on this (I did try!). I'm just looking back to potential areas of support and I can see something with potential at 253-255. A close above 293 on Friday might have me adding (or a fall to the support).

LW, I'm looking on the weekly for 267. I feel like I'm trying to force a level onto the market to get something around there, I can see something, but it doesn't convince me if you see what I mean. Doesn't mean it's not valid and it's not a criticism. I can still see 293 and am now trying to convince myself that that level might hold if we close at 293 or above on Friday. Again, I feel as though I'm trying to force a view on the market and that often doesn't end up pretty. Otherwise 253-255 might be good support. I guess price action might be very important now.

Àpparently visas come into force tomorrow for travel to or transit through the UK. My wife tells me that some of her colleagues when presented with the choice, are choosing to avoid going to/through the UK. Apparently it's a 3 day process to get the visa (as long as there are no mistakes), it needs to be renewed every 2 years (probably needs checking) or each time a passport/expires and is renewed. Her view is that it's likely to impact traffic to / through UK aiports.

I'd hoped that 293 might be the close, but that's probably not going to happen today bearing in mind the market is now closed. Fibonacci's are not helping me (someone more skilled might see more). Possible support around 252is? Anyone see anything?

Yes, I often forget the leasing side of finance, the more sensible financing option. But if you look at the motor lending fiasco, it's not all leases over there (or over here).

I'm very positive overall on leisure travel, I guess I'm trying to rationalise the jitters in the market. Clearly the SP is falling. In my mind, there has to be a rational argument to explain that even if I can't pin point it.

I do still think though that costs have moved way from what's sensible. I think about dynamic pricing also, where people are being fleeced over leisure spend because they are actually prepared to pay a lot more than the true cost of 'goods/experience' etc. I'm a bargain hunter, I refuse to contribute to certain sectors of our everyday lives because they are clearly nonsense, but I see people with a lot less income who are happy to subscribe willy nilly to this, that and the other, buy overpriced concert tickets because Oasis used to be able to hold a tune and season tickets for sport so that vain sports people can earn 800 thousand a week for limping about a stadium with a mullet? There have to be limits to where this goes, no?

30%!! Soz.

Yeah, that's a common view and I can't argue with you to be honest, you're there on the ground floor and actually see what's happening, even have some forward vision on it. But logically, there has to be a point at which other people have to choose between one thing and another and some discretionary spend would have to be cut back. Personally, I can't see how leisure travel could be exempt from a hit of that nature.

It's not obvious how it all relates to a 50% drop in SP over recent weeks, but that's the markets. That seems to be somewhat independent. That's another thing I'd love to understand better.

Isn't some of that increase in savings related to to way people feel about future costs vs salaries. Isn't it basically a measure by which we can judge general sentiment on the economy? Shelter too costly, heating/energy too costly, too many discretionary loans and subscriptions and finally 'oohh, getting tight', better stop eating out as often and save in case things get any worse? I hear this argument that the squeeze on discretionary spend won't hit holidaying habits frequently, but to be honest when I try to travel (with not solo), I'm astonished by the costs involved and can't help wondering how anyone can afford it. Equally, when I look at average annual salaries and the cars the parents at my local school are driving (many of them firmly in the average bracket), something makes no sense. They're all driving 60 grand cars on 35 grand annual salaries. At some point, surely squeezing discretionary spending (inflation vs salary growth vs employment rate) must at some point deter travel?

"We had lots in for the Málaga half marathon last weekend. One group was 36 people from the UK"

I had to laugh at that and couldn't help thinking 'One Swallow doesn't make a summer". Xhita, absolutely not having a go, just stressed and waiting for some 'give' if you see what I mean. Fingers crossed the fall will soon be over. I do have some worries though as I watch CCL at the same time and believe that has a lot further to fall. I had thought that the weird action on Friday might be the end of the drop, but it's looking like it wants to retest the 420 level.

You still haven't actually answered the question. Why did you suddenly become interested in WG?

"Never seen anyone use so many emojis in all their posts, that's a school girlie thing is it not?"

I have to say, I agree with that, but why do you suddenly have an interest in WG?

Out of interest TheGreyLion, why have you woken up after 3-4yrs registered on LSE in order to post on Wood group? Literally, you have 1 post on IQE from Nov last year and the other 2 on WG today.

Good work Broom, wish I'd done the same, but didn't. Certainly interesting, this wait.

Great, they didn't even paraphrase the question, which I kind of expected. That's a confident answer and a good one if you're a bull.

Thanks Stas, will follow up.

If find this interesting, I'm not claiming it's fact, but it seems to make sense. Here's one view of why we see an influx of rampers/derampers/trolls/fairies whatever.

https://www.instagram.com/reel/DBL3a1DPzd1/?igsh=MTdrcXNqZGhtOHZhYQ%3D%3D

Tea time on Friday Garonne, for sure.

More seriously, it does look as though we could retest the 420 or below idea. Not sure what that was with the bang down to 399, but there was volume on it which suggests it wasn't just a data glitch, but did have consequences for investors/traders. DAX looking very weak as is the FTSE.

Yes, been looking but don't have any access for the moment.

I'm going to sound completely incompetent now, but can anyone give me a link to watch that conference back? I'm not seeing it in their investor relations section.

I'll try to watch it back, but it sounds as if he responded to my question. I found the presentation pretty good. I liked Steven and Martin was it? They seemed honest and straightforward, no gilding of the lily, no pretense. I liked it, but you're still obviously left with having to work out what's for the best going forward, we're all in the same boat with respect to not being able to see the future. I took away a very positive message and will be looking to increase if I can resolve some other stuff.