Member Info for Temple_of_Doom

321 was about the time I came in …. I’ve traded this share a lot …. But not so much since the last spike into 290s. China / Taiwan was always going to be volatile bet and the £ has strengthened compared to last year but is still weaker than 2021.

Slightly underwater as of this latest sell off but stuck the divi in today.

We will see.

GLA

The BoE are selling UK bonds into a falling market .... in unwinding QE. This is deliberate to force companies into bankruptcy increase unemployment and put pressure on earnings killing the wage inflation spiral and forcing the 600,000 or so CV19 retirees back to work to save the UK from .... yes you guessed it Brexit malaise.

With interest rates high … shorts are paid for their position so there is no incentive to close …. Especially when returns from shorts equate to the dividend …. So in the current market not a good idea to borrow to trade unless going short in my view.

"T.OD. what’s your take" ... I wished holders well. I've been out for a month or so when the yield dropped below 7% and it was possible to get 8.0% + in the UK renewable sector.

Weakening of the $ makes the return less attractive so I'm trading US gas that has a little more volatility attached to it.

Outside of the above - all looks good, pending upon the completion of the Exxon deal.

I'll revise if/when Exxon deal gets the go ahead - whilst bearing in mind oil theft season is approaching along with autumn floods.

This has been a good share for me. I doubt if I will find another quite so kind in the future.

This will follow Jupiter in my view.

With the 3p divi and FCAP to sell at 9.5p I make these guys worth 33.3p.

Grabbed more ....

Where the legacy problem to hand is that before privatisation, NNPC and DPR were and I assume still are bedfellows … and the source of the delayed deal.

Bailed again today …. Too much carnage elsewhere to want to miss out.

GLA … faithful deserve their gains.

Corrected:

"but the newer legislation gives authority to NUPRC as the regulator, that smacks of corruption since that regulator is attached to a listed company - NNPC Ltd. via the defunct DPR"

Message remains, however, ..... corruption.

"a subsidiary rather than licenses" Is correct, but presents a problem in that there exists a possible ambiguity between the pre year 2,000 and post 2020 legislation. According to the older legislation all that was was needed was approval by the President, that was given - but the newer legislation gives authority to NNPC as the regulator, that smacks of corruption since that regulator is now attached to a listed company - NNPC Ltd.

Looking around, I'm seeing some UK stocks hammered so much that what goes on here, and any rise is not worth the risk until the news one way or another is out .... so I have 30% of post August 6th trading profits in here .... and that's it until I see a green or red light.

GLA.

Back in for those sold when stated … could go lower of course … nice.

Results day for me usually ends badly ... if I'm out a stock rises 10% and if I'm in it falls 10%.

So I'm still out .... and expect a 10% rise.

GLA

"means a price of 70p."

Seems a fair target - smaller companies in the same sector have already been hammered. Enjoy the dividends and trade the noise if you can.

Good Luck.

It was obvious last September when Truss got into number 10 that the BoE and government were working in opposition partly because of the number of early retirees post the pandemic to force these folk back to work through higher inflation.

Trusseconomics was borrowed from Reagan in the mid 1980s and the last dash for Brexit growth scuppered by the international bond markets .... that UK is paying for now.

BoE is selling bonds into a falling market and the bottom will be where the bottom is.

I expect most other economies to recover sharply with low spot energy prices while the UK still has the legacy of 2016 around its neck.

One can't blame the BoE for dumb voters.

Strong buying .... just added £10K no mini drop .. shame.

GLA

I've seen quite a few in this sector shorted to a 9% or so yield .... UK bond returns related ... I use INXG as a benchmark for direction on bonds.

Looking forward to the rebound myself.

Clear here now - Been an excellent share to trade - made up for JUP losses - cleared today - hope for a fall as hope springs eternal.

GLA

I have a whole £100 in shares left. Made what I wanted to make buying in at 128p on the back of El Presidente's letter last year, staying in some cash - might lose 10p again if the news is good - but not bovvered.

GLA

I bought more at 81p - Results were no different to the AuM update and 80p was close to last November low so I expected it to be hit.

With high UK inflation, UK Asset Managers will struggle in post Brexit Britain for a short while - but unlike others, PMI has a high percentage of performing managers - I hold a few funds held by this company and I'm quite happy. Good dividends maintaining value.

Higher inflation also means folk need to to save more for future pensions so money will flow into managed funds sooner or later.