Member Info for ToffAppleton1

Bobett

The AA is another BHS waiting to happen.

A familiar story: sold by Centrica in 2004 to two vulture funds. Vulture funds load it up to the eyeballs with debt. Offload to unenlightened retail investors through an IPO.

The losers, besides the shareholders, are the employees who pay the price for vulture funds greedy corporate theft. The spivs pocket eye-watering amounts of money at the expense of the company. Vulture funds should be outlawed, they are the human equivalent of the coronavirus.

They did the same to Woolworth and Debenhams
Bought-asset stripped-load up with debt- dump on retail investors - bust.

They sold all the store freeholds off in both Debenhams and Woolworth’s before dumping the carcass back on the market. Leasing the stores back is quasi-debt.

Will retail investors ever learn?

Toff

Bobett

“AA are loaded with debt,”

AA are more debt than alive. They can meet the interest payments but they can never deleverage their debt. A textbook example of a zombie company.

Toff

“Just as coronavirus can kill people with health issues, it could potentially do the same to companies with underlying health problems.“

That’s a basic tenet of business; any downturn will weave out weak businesses as we’re seeing now with

Premier oil
Tullow oil
Cineworld

Businesses loaded with debt are especially at risk.
Cineworld is a textbook example - has about £2.3billion debt. And is on the hook for another £2.8 billion on its lease commitments.
A badly mismanaged company. The morons in charge sold the company’s freeholds and leased them back; an act that will probably bring the curtains down on the cinema chain. Investors did get a 20p a share special dividend for this act of corporate suicide, but it’s going to cost them 10-15 time that when they go under.

Over20 percent of their shares out on short
And the brain child of this disaster is
CEO Mooky Greidinger.
Now there’s a name to remember!

Does anyone on this board have cineworld shares?
I wouldn’t expect you to own up to it if you have.

Toff

Lam

“Freedom of movement,the most dangerous experiment ever.”

And one that’s been happening for time immemorial. Human migration around the globa has been a constant since our appearance.

Saxons
Normans
Vikings
Romans

Britain is a nation of mongrels for all over.

Toff

The after hours 355 point gain in Permabear futures on the back of a 9.4 percent rise on the Dow is quickly fizzling out to zero. The market makers were obliged to walk it up to give the illusion uk markets follow global markets, but they never intended to keep any gains. as Fleecy so rightly pointed out - another scripted rise.

So once again the Permabear misses out on any upside. I expect the ftse to open down on Monday. The gulf in valuations between the two indexes will widen even more.

Toff

Lam

I’ve only just recently stepped back into the market. Going long on UK shares is a sure way of losing money, but the ridiculous levels they’ve fallen to makes them too tempting to ignore, if only for the dividends. Apart from a few odd shares, BT bring one of them, I only had three stocks before the market crashed, so I’ve been fortunate with my timing at getting in low. That’s not to say I think I’ll make money, but ten percent dividends in major blue chip companies are compensation for investing in the Permabear

I don’t like the stress of trading these days. I’d be happier away from shares. As far as personal wealth goes - two ex-wives put a massive dent in my finances. They were my worst investments

Toff

Fleecy

“It's another scripted rise”

Ain’t that the truth. The nefarious powers that preside over valuing our bombed out market have already colluded and set a much lower level for the permabear on Monday. I already gave a short position out on the Permabear.

But I can’t see how having a stock market that impoverishes investors and redistributes wealth from the middle classes to a select cliche of inbreds is any good for the nation.

In the US and the EU citizens get rewarded for taking risks - here we just get punished.

I worked on a trading floor for 14 years and I turned a blind eye to some shockingly unethical practices by market makers.

As I said before I disagree with their paltry valuation of BT and numerous other blue chips which they have marked down to peanuts. A really telling signal that they act autonomously outside accepted standards is when they hammered BT down 10-12 percent on the day they released annual earnings and came in 0.7 percent short of expectations. But the MMs work on the gambit that they can ‘curve-fit’ any valuation with the relèvent selective news.

That’s why I prefer to stick to big blue chips like Shell Rio BHP & GSK. Because Americans are investors via ADRs. You’ve probably noticed if these shares get hammered they usually rebound when American markets open because bargain hunters buy in on the other side of the pond.

UK market makers would mark those down to pennies too if they could get away with it. Given the same fundamentals BT would trade @400p in the US.

What I want to know is - having the inside knowledge like I do - is why companies that get targeted by these fiends don’t come out and cause a stink. It’s never sat easy with me that a small pack of shills have the power to nominate the value of any share to benefit their own agenda - irrespective of all else. UK markets operate like casinos that are allowed to choose their own cards - numbers, if you’re playing roulette - to ensure the punter Always Loses. And gets No Reward for his Risk.

Toff

The Permabear 100 would go back up to 6,000

UK:

A ****-weak currency
Paupers of Europe - post-Brexit
An extreme right wing pro- Moron Trump Government.
And a stock market that hasn’t risen since March 1998.

And......

I better not say anymore.

Toff - A Prisoner Of Little England.

Another prediction come true.

Ftse futures up 6.5 percent on the back of a late Dow rally.

But come Monday

When the Dow pulls back a bit
Those gains will all disappear.
Leavings’ the chasm between the Dow and Permabear ever wider.

It’s no fun being married to the ugliest woman on the planet. Named Permabear.

Toff.

Fleecy

“Until the demand hit subsides in the rest of the world, the Chinese will only be able to produce for their domestic market.”

Can you imagine the demand for commodities when the ants get back on their treadmills?

Miners will be the principal benefactors.

That’s why Toff is the proud owner of both

Rio Tinto &
BHP

What’d I tell ya!
Ftse fizzled out
Dow rallying after hours
Ftse futures up

Come Monday

Dow pulls back from rally
Drags the Permabear down

Why’s it always gotta be violence with the Permabear!

You just can’t win with a loser can ya!

Prediction by

Toff

Heally

“don't think we'll get that 3.3 percent global growth projection for 2020 that's for sure.”

I wouldn’t write it off. At some point there’s going to be an economic rebound driven by China when the virus subsides. Ant people are very industrious and when they switch the power back on the ants will flood back into their factories and make amends for giving their disease to the world.

Toff

Centrica is ricin

Rat poisons too flattering for this dog.
Ricin is generally regarded as the deadliest poison.
And Centrica is the UK’s deadliest share.

I know Centrica would drop today no matter what

I felt it in my bones..

Anyone for ricin?
Buy Centrica.

Toff @20p

What happens on a lot of days.
Ftse is going to fizzle out towards the end of the day
Dow is going to rally big after hours
Ftse is going to fall Monday when Dow falls back.
Lose Lose situation for the Permabear 100 as always
Plunges hard with Dow gravity
Refuses to rise with Dow Gravity

And the chasm in valuations will grow ever wider.

My analogy - stocks are all about sex and violence

But in the UK you only ever get the violence because they’re valued by bandits.

Toff

Did I change my mind?

No

The rat poison is starting to take effect.

Toff

When it comes to bear markets no one comes close to the ftse. The Dutch shares are trading 40p higher than the ones in our awful market.

March 1988 - ftse closed at 5244
Yesterday it closed at about the same
Says it all.

22 years and not a single step forward.
I don’t blame the companies, it’s the bandits who value them. And until something is done about that scum the ftse will continue to exist in a 1990s time warp.

Toff

I’ve been bearish on BT but it’s great to see them up today. Maybe after weeks of howling dives and relentless decline a turning point has been reached. Too early so say if course, but I think it’s extremely undervalued and the market has got it wrong.

Oh and I’ve got a small holding too. Did I mention that?

Toff

I can feel it in my bones.
No mater what, this dog is going to finish down again today

Centrica @20p

Toff

Cryptos in meltdown

Bitcoin down another 20 percent
Litecoin by 14 percent

The coronavirus’ next casualties.

Another market prediction by

Toff

Most likely tested tomorrow

Prediction by

Toff