Member Info for tars

NTC your confidence in the RR turn around after COVID and your prediction of £7 from a lowly base of under £1 is hugely impressive and I congratulate you. I would be interested to know to what extent you backed up your faith and belief in RR. I assume you didn't mortgage the house to pile into RR. When COVID decimated the RR share price I bought 20,000 shares in July 2020 for 260p a share because I wanted to own shares in a world class UK manufacturing company and felt that once COVID passed then RR could be a great recovery story. In the past I made a killing on Invensys buying them when their share price was decimated, and holding until eventually they got taken out by Siemens. When the RR Rights Issue was announced in October 2020 I fully participated and ended up with 86,000 shares but by the end of December that year I was down £20k on my RR investment and contemplating whether I should cut my losses. However, I decided to stay the course because in the past I have sold shares too soon. Too many times in my investing career I have sold too early, Anglo American and ARM come to mind. If I had held onto my AAL shares I bought in 2016, today I would be £1million in profit. Ho hum. In April 2022 I increased my RR holding to 150,000 shares when the share price was 86p. By March 2023 when RR was nearing 160p a share I sold 50,000 to bank profit. Then last September I sold another 50,000 when the price was 516p. I am more than happy with the profit I have banked whilst still retaining 50,000 shares. Every so often opportunities arise to make a killing the stock market, it whether you have the courage and belief to grab that opportunity. The universe is ruled by chance. We are all given chances. It is up to us to recognise these chances and make the most of them. I remember contemplating buying AstraZeneca when it was £30 a share a few years back before COVID and now it's nearly £120 a share. A great opportunity passed by me. Over the years I have learnt a few painful investment lessons such as holding onto to Marconi shares until they went bankrupt and loosing north of £200k. So I would suggest that when investing in a share set a price for selling and sell a portion of your holding when it reaches that price unless there is a compelling reason not to. As Joseph Heller remarked, "Things can only get better, unless of course they get worse." Good luck to all of you. One final thought, if you have not already done so, read John Galbraith's definitive description of the Great Crash of 1929.

73.14 for me please Monsieur Roofer

73.14 for me please Monsieur Roofer

73.14 for me please Monsieur Roofer

Mr GR1mReaper, I assume you haven't heard of Rolls Royce.

Article from Daily Telegraph

Sweden is urging Britain to club together with Northern European neighbours to purchase a fleet of mini-nuclear power plants.

Ebba Busch, the Swedish deputy prime minister, said her country wanted to band together with allies to jointly order at least “10 to 15” small modular reactors (SMRs) in a bid to cut costs and share expertise.

Speaking at the World Economic Forum in Davos, she told The Telegraph she had invited British representatives to join the effort at a conference in Paris last September.

The bulk order would aim to reduce the cost per reactor by sharing supply chains, standards and skills across the group of nations, with workers gaining efficiencies through repeat builds.

Ms Busch said: “This is something that I’m pitching because I think Western countries need to play together if we are to compete with China, which is going super fast [on nuclear] with a completely different set of rules compared to Europe.

“I’m trawling and I’m trying to see where there might be interest, and the UK would be a great partner.

“They have heard my pitch… and I look forward to visiting the UK, hopefully this year, and talking more about it.”

On Wednesday, a spokesman for the Government refused to say whether the UK was open to the idea but said: “We have regular conversations with key European partners about how we best work together to support nuclear deployment.”

SMRs are seen as a potential breakthrough in nuclear power because they would be made predominantly in factories and then assembled on site, cutting building times from around a decade to a few years. Costs would also be markedly reduced.

However, the nascent technology remains commercially unproven, with a string of European countries and the US all currently pursuing their own individual competitions to fund the first examples of the technology.

According to our repetitive resident shorter Monsieur Valueplay , shorting Ocado is the best game in town. However, when you weigh up the risks it doesn't make sense. It is likely that soon Ocado will announce new customers for its proprietary technology or a company like Amazon will swallow it up as a snack. Either way, shorters at that point will be cremated. I suggest Mr Valueplay buy some platform shoes to alleviate his condition as a vertically challenged person.

Based on Vodafone's strong position regarding IoT I will go for 73.14 please Monsieur Roofer

73.14 for me please monsieur roofer

73.14 for me please Monsieur Roofer

73.14 for me please Monsieur Roofer

83.14 for me please Monsieur Roofer

83.14 please Monsieur Roofer

83.14 for me please Monsieur Roofer

83.14 please Monsieur Roofer

Meant 83.14

831.14 for me please Monsieur Roofer

In recent days it has become evident that the Chancellor is running up against the cold hard realities of the Labour Party’s pledges on tax.

She has apparently been warned by Treasury officials that her plans for non-doms will not raise any money. She is backtracking on proposals to close the carried interest “loophole” for private equity executives for the same reason.

Her move to charge VAT on private school fees has already led to 10,000 pupils leaving the sector and it hasn’t even come into force yet. This policy will no doubt end up raising far less than Labour claimed.

So if the Chancellor realises that taxing the relatively better off won’t raise as much money as she hoped, where will she look for the savings she claims she needs to fill the £22bn “black hole” in the public finances?

One option is further spending cuts. There are only so many possibilities and they are unlikely to have changed much since I left the Treasury. Here are the main items that I think could be on the chopping block as we approach the Budget.

Mini-nukes

Other options in this space include the small modular reactor programme. Successful bidders to the latest stage of this competition were due to be announced late this year but that could easily be delayed.

This would no doubt prompt accusations of the mean old Treasury orthodoxy once again prioritising short-term cost saving. But compared to cutting the £2 bus fare or school sport, which option is going to look politically more attractive for the Chancellor?

Adam Smith is former chief of staff to Jeremy Hunt

Nobody care that you remain short. Have you tried platform shoes ?

83.14 for me please Monsieur Roofer