Member Info for ToffAppleton1

Adem

“The mentality of the "trader" I find often ensures that they very often miss the "best " / optimal opportunities”

No the mentality of the trader is to buy and sell somewhere in-between trading ranges on a short term basis. It’s about money - now. Technical trading, not trading fundamentals. Active all the time, in the quest to exploit price action.

There are those of us that trade, and those that invest. You need to distinguish between the two.

Mick

Closed at £28.50

Den

The problem with bottom feeding is that traders often miss out. Out of all the thousands of trades I’ve done, I’ve only caught bottoms and tops a handful of times.

It’s a crude psychology - some would argue fantasy.

I’m sure if Diageo fell to £25 you would cancel your order and place one for £22 and pontificate your fantasy trade on these boards to let everyone know how smart you are.

in the real world of trading you buy and sell somewhere in between bottoms and tops and make real money.

Do you ever ask yourself why 80 percent of tradets lose?

Because of mentality like your's mostly. A wannabe trader's lifespan is usually a short one (like that of a fly) comprising of hubris, bravado, dumb luck, wipeout, endgame.

That describes 80 percent of people and I'm sure it includes you

Porsche

You’re wrong. The UK index has some world beating, market leaders amongst its components. Companies that make almost all their profits outside post-Brexit Britain.

The problem is they are listed in a cesspit index, that is broken. UK market do not possess the necessary intelligence to value shares. That’s why no new company will list here - because to do so is to put yourself at the mercy of an engine of wealth destruction.

Diageo could easily uproots and re-list anywhere, and its valuation would soar once it got away from toxic Britain’s gravity. The same can be said for most Permabear 100 companies - they would benefit enormously if they were to move away from little de-globalized England. They owe it to their shareholders.

Amateur

LVMH issued a profit warning a while back which sent Diageo into a tailspin, so today’s profit warning wasn’t altogether unexpected. It should have been mostly pricing in anyway - but this is the Permabear.

Diageo however, is trading at a big discount to its peers. It doesn’t trade on a big p/e for the sector.

Problem is Diageo is being valued by a market index that is broken. Most blue chips are trading on p/es oh 4/5/6 which is ridiculous.

For markets to work, they have to go up as well as down, and there has to be some semblance of reality in valuations.

The Permabear fails on every level. Good news is never priced in, bad news is priced in 5/6 times.

No stock that belongs to UK indexes is safe. It’s where all the bears of the world come to hunt, and market makers comply by savagely tearing down ever diminishing shareprices. Just like everything else in this cesspit country, stock markets need razing to the ground and rebuilt from scratch. By that I mean, all those responsibly for markets need to be culled and new players brought in.

is being the only big miner in the permabear 100 that’s not protected by a dual listing. since bhp quit the permabear its shares have outperformed just about any other uk equity. rio is protected by its australian listing, as isanto***asta by its chilean one.

but anglo is at the sole mercy of the uk market. an index that smashes shareprices into pulp. the uk index is an engine of wealth destruction. unfit for purpose, the market makers do not know how to value shares fairly. and don’t talk about sets because mm neanderthals set those.

anglo should re-list in australia or the us. market leaders like anglo cannot allow their shares to be valued by stone age troglodytes. i’ve seen days when 0.001 percent of a shares have been traded and dropped 10 percent. that would not happen anywhere else except for in the decadent, ******ed uk.

and it’s become even worse since the country took a quantum leap backwards and voted for a doomsday cult, that delivered brexit - the greatest act of self harm any nation has ever bestowed on itself. britain needs to be knocked down and rebuilt from the roots.

“I'm 17% under water - gonna cut losses and move on GLTA“

On certain shares I’d agree but not with Diageo priced at these levels. I only have 100 but I’m adding another 100 today.

Diegeo is a market leader. Its downfall is being listed on the Permabear 100. An index priced by troglodytes from the Stone Age. Like every other establishment and institution in Britain, the stock market is decadent and falling apart at the seams; unfit for purpose and incapable of valuing equities.

Bearing in mind most Permabear listed companies make almost all their money overseas, it seems madness to let under-qualified, undereducated Neanderthals value them. Any company that makes its money elsewhere should wipe their feet on the country and the ftse on the way out. And Diageo is one of those companies.

Rullion

Telecoms sector has been a perennial underperformer for many years.

Sector best avoided in my view. Or at least keep position small.

The sector is heavily indebted, and that weighs on the shareprice. Maybe you should look at more favorable sectors to trade/invest.

Biscuit

“My strategy, fwiw, is believing 110 is the bottom, buying when it gets near it and selling when it's near 120. Do that a few times and roll in divs and it's golden.“

Not worth a lot I’m afraid,

I see the same such nonsense posted on these boards, all the time.

Novice trader cherry picks ideal entry and exit points from a recent chart, then claims to have traded it multiple times, between those parameters.

Price ranges have a habit of changing rapidly and leaving traders high and dry. Shareprices don’t operate like clockwork.

And given that BT is in a downtrend, you’re far more likely to make money going short, than long. I’ve come across posters who have made money going long on shares, which have fallen from £5 to £1:))

You won’t find a lot of truth of these boards. Anyone reading them should take many of the claims with a huge dose of salt.

If only it were as simple as you make it out to be.

This will weigh on banks. Just another example of Tory Ukippers defecating on shareholders. Force the banks to lend billions against their will, in what were known to be ultra risky loans, and then pull the plug on their underwritten guarantee. Uk banks have just served at a Tory doormat since the financial crisis.

So far it’s only been a billion pounds but I can see it snowballing as the Tories try to bribe the electorate at bank shareholders expense.

If it does materialise into huge losses I will find away to do some real damage. I cannot see shareholders accepting this off the POS that rule over us.

Below is just a small part of the article dated today.

The UK government has scrapped guarantees on nearly 1 billion pounds ($1.2 billion) of bank loans handed out to ailing businesses during the COVID-19 pandemic, leaving lenders on the hook for some of the borrowings that will not be repaid.

Previously unreported figures obtained by Reuters under a

Freedom of Information (FOI) request show that the state-owned

British Business Bank (BBB) – which administers the loan schemes – has removed state guarantees from 10,786 loans worth a combined 979 million pounds as of Oct. 11, shielding taxpayers from some losses.

While the amount is only a fraction so far of the 77 billion pounds of loans issued, the move follows pressure from lawmakers and Britain's public spending watchdog who criticised the programmes for being too lax. The figures could rise further – latest figures show just 17 billion pounds have been fully repaid by borrowers as of June 30.

Dozens of lenders took part in the government-backed schemes, including Britain's "Big Four" banks: Barclays , NatWest , Lloyds and HSBC .

Barclays and HSBC declined to comment, while the other two were not immediately available.”

Wolf

Thanks for your reply.

If you do know anyone else who worked at Barclays in the nineties, I’d be happy to reminisce.

posted on 11th October

Barclays among major banks reportedly sitting out latest wave of buyouts”

I used to work for Barclays as a forex trader when they were domiciled in Lombard Street, before they upped sticks to Canary Wharf. Used to chat to the derivative guys in the pubs at lunchtime.

Believe me, their investment bank is rich in expertise. Unlike DB & CS(R.I.P)

The difference in making billions and losing billions is in the personnel”

I also worked at Barclays in Poole, Dorset for a while.

Maybe that’s why I’m so biased towards Barclays

Over and out.

Have a good weekend e everyone.

And keep the faith in Barclays.

125 bottom.

And I am rarely wrong.

Wolf

Dodgy Diamond was the making of the bank.

He was the brainchild of the Lehmans takeover.

His downfall was a familiar one - slimy, meddling British politicians.

As a former Barclay’s employee I can tell you Bob is revered amongst the old guard.

As a visionary and legendary banker.

And I’ve been in the same room.

When you compare him with Fred Goodwin it’s like comparing Real Madrid with Notts County.

And that’s no disrespect t to county :-))

Mr A

Covid, financial crisis , Ukrainian war, Middle East conflict, Armageddon and WW3 already priced into Barclays before today. But that didn’t stop the club wielding Neanderthals, who price U.K. equities, from pricing standard chartered & Natwest results in today. I’ve said it for years now, the U.K. has got a massive intelligence deficit with the rest of the developed world, which leaves us hopelessly open to exploration and manipulation. Hence, the loss of our best companies and the refusal by any decent company to list here.

“Why do Barclays pay less dividend than Natwest?”

Because Barclays have share buyback programs.

Another way of returning money to shareholders

And a far better way from a stock trades for chump change.

MrA

“Still early days here of course but from what I've seen I suspect that 129p is the new 'floor”

I believe it will go lower, I expect it to test 125

Barclays isn’t trading on fundamentals of course, for the time being it’s lost its identity and become a number, trading on technicals (technicals in my interpretation is simply price action, no matter what chart you use - or numerology for want of a better word)

And, bear in mind, something is always liable to rile markets, sending them into a plunge.

When equities are weak and get driven down even more by an ‘event’ the market throws up some extraordinary opportunities. There is no matter time to buy. As long as it’s the right share of course.

Beo,

“They are saying that at this SP the market is pricing in a capital deficit”

At this level they are pricing Barclays to fail. And maybe in a hundred or two hundred years they will finally be right.

Seen it

“Really a bit disappointed, that Barc has become the weakest link of all British banks.”

Well, if your idea of a weak link is £1.9 billion profit in 13 weeks, I think a re-think is in order.

To add some perspective - you have Bitcoin trading at $34,000 a pop and a world beating bank trading for chump change. Where’s the fairness in that. That only goes to demonstrate that markets are “always” wrong,

But it won’t always be that way

Toff Appleton has written an excellent (and very humorous) book entitled “The Death Of Bitcoin”

In which he predicts cryptocurrency’s endgame.

And you wouldn’t bet against him because…

Toff Appleton is rarely (if ever) wrong.

😆

Mandy

“The world is on the brink of war and fleecy is posting about drones being used for ebusiness.“

Fleecy’s life can be summed up in three shares…

BT

Vodafone

& Lloyds

You wouldn’t wish anything else on him…

Would you?

Position closed @132.23

Profit £0.24

Next trade!

😄😄😄

Mandy

‘The disaster of socialism’

Are you sure about that?

I’m public school educated (classical education)

but the party that has brought to this country the country to its knees is the Tories. What is it? 14 years and counting, of economic incompetence and mismanagement. And the economic destruction of Brexit! (De-globalising in a globalised world)

Why do you think Richmond and Westminster voted Labour?

Answer - because they were/are sick and tired of Ukippers masquerading as Tories.

But that’s enough of that.

On to BT.

Is it true shorts have increased to a record level recently?

It’s been in terminal decline for years now.

And companies, like people, have life expectancies.

I’m not up to date on the latest fundamentals - but the technical indicators are pricing it to fail.

Looks cheap, but it’s looked that way for years.

If it does go belly-up, it’ll be broken up and sold off in a fire sale. And shareholders will be at the bottom of the repayment pile

3p in the £?

Maybe.