Member Info for Stupmy

Thanks Icecool.

Did you read that as losses likely to be bigger than stated? I was wondering about 'overstating of the original contracts?'. Anyone give any clarity on what is meant (even if it's reading between the lines).

'Maybe when the directors do.'

Would they be able to? They must have a pretty good understanding of what's going on if they've called in a paid review by Deloite going back years. At least strong suspicions.

The markets reall do not like accounting problems (malpractice?).

So Wood Group signed a master services ageement with HBR valued at about 330 million dollars. To proide engineering, procurement and construction services. Operations and maintenance services, Digital solutions and decarobonisation soutions. 5yr contrract with options for extensions. I think it's UK NS limited

Perhaps the hit to Wood Gp is reading (bleeding) across to us.

Do we have any exposure to Wood Gp? They've appear to have some accounting inconsistencies.

That is a good read Patience, thanks.

It's the optimism that keeps you going.

Indeed Sandancer. Personally, I think there are good reasons for optimism (that in itself is self-fullfilling optimism). Time is the critical thing, whether you're into the small or the large swings (swingers), whether you're watching from the bushes (doggers) or trapped and sh i t ting yourselfs (soilers), time is the critical thing. Time is desperately important though. Being exposed for too long at the wrong price is extremely significant wrt to opportunity cost.

SG, I'm with RickE, until CBG have something reliable to say, they're not in a good position to release updates on the situation. Let management figure out the implications of the recent ruling. Give them time to work out the hit and where the hedge comes from. I'm with RickE, it smacks of stressy holdings when you're under (which is very common). Settle and wait. My view is also that it is oversold and my view is worth nothing. But I'm making decisions around it, with a view to making some money.

Wizz results this morning. Anyone with an eye for financials have a view on them? They look pretty disapointing to me, but I'm maybe missing something in the detail.

Eagle, if you have spare cash. Consider Spoons. I've been buying. Currently negative, but hoping that it'll do better than it's competitors after the hit on minimum wage and NI payments. I think it will differentiate it further from it's competitors. But it's still a hit. Prices will probably rise acros the board, but Spoons have a good chance of being at the right end of the price scale going forward. Just a thought. You could also consider YOU if it drops to 350 or below (ideally 320 or below). OCDO already looks of interest. I sold today at 374 (it's dropped back to 352 or so). ENQ and HBR look like doozies. I'm heavy and adding on ENQ, I'm light and watching on HBR (which could theoretically be the safer bet). There's a lot out there. Higher risk but I'm involed Close Brothers, has to be speculative, but made me a profit on the first drop and I'm back in. Wait for 63 or so on VOD, 13.5 on CPI and if 423 or so on EZJ. Most will seem ridiculous, but time is the most important thing you have on your side. Just thoughts (that are ridiculed by many).

I can't guess Eagle because I filter all timewasters. bb's can be very useful, but you should filter the timewasters quickly. If you watched the video and can get to a point where you understand that even a lot of the most intelligent people on the boards (who often give important info) are actually part of a financial machine that drives the unwary to believe all is good (or bad) when the truth is elsewhere. Learn to make you own decisions. It's pretty well impossible to be impervious to the machine you're fighting against. So filter, filter and filter and make your own decisions Good luck Eagle

I suggested the possibility of 258 or below a long while ago now. I still think we'll see that. Before the trolls start insulting me I should add that my average is higher and I'm looking to add. Just want to do it at a good price.

Eagle, I don't know who you're talking to, which means I've already filtered them, but it's human nature. People can't resist being awful. Just filter. But also watch this. It is a staggering view of how stupid, even intelligent people are. This is who you are competing against int he those markets laregely devoid of institutional investors. Although, beware the bots.

I would recommend everyone to watch this. This is every bulletin board!!!!

https://www.youtube.com/watch?v=C5Bd6YxifCo&t=4s

We don't need the IMF involved, that's for f g sure. Debts to the IMF are likely to keep us chained and poor.

Good call Swazers, where does it stop?

I doubt the markets can force an election, they could force a vote of confidence that might lead to a change of leadership though. I doubt that would happen here.

There's nothing new there and the results are not bad at all. Bulk of the drop in profit, increase in debt is related to one off costs of CMC aquisition. I was a bit surprised to see the RNS this morning, I thought the same data had only recently been reported. Feels a bit like Groundhog day and I'm clearly missing something here/getting confused.

In theory he could increase US production and that would likely bring POO down. Lower tax, higher tariffs on imported goods, lower POO to stimulate the US economy (MAGA). He's also said he'll do his best to bring the Ukraine war to an end (that seems likely to favour Russia's interests rather than those of Ukraine. Time will tell what that means for western economies, but if Russian Oil and Gas starts to flow (without sanction busting) to the west again, that would also favour lower POO. In theory not that great for us, but I think we just have to wait to see how it all settles.

Allways nice when your view co-incides with independent views of the same pattern/chart. So Great! Be wonderful if it happened of course.

I apologise, running about too much; of course that should have read 580.

TRD, i agree a Trump victory could boost the markets, lower tax, higher tarifs to support US industry. I do fear though that it will be short lived. Historically in the FED cutting cycle, the stock market falls soon after the first cut. The jobs data appears to be nonsense with 7 of the last 9 NFP rolls being significantly revised down after publication. It suggests this latest one will turn out to have been an election mirage. I think the reliability of some of the economic data coming out of the US is pretty suspect and that it may be that it's deliberately misrepresented somehow as a way of increasing the chances of the incumbant to retain their position. I think Trump will get it, the US stock markets will rise, then they'll reverse and drop a fair bit (based on historical events).