RE: Good Morning All20 Jun 2024 07:18
Isn’t the idea of being contrarian to be, well, contrarian?
I think buyers in here certainly below 5 have timed it pretty well whilst the maddening crowd await more data!
“ Threadneedle Street is expected to maintain UK bank rate at the 16-year high of 5.25% for the seventh-successive meeting on Thursday. It announces the rate decision at midday. Unlike the upcoming meeting in August, Thursday's decision will not be accompanied by a monetary policy report with economic projections, nor a press conference with Governor Andrew Bailey.
For those hoping for a summer rate cut, August, and not the June meeting, is likely to be the best bet.
For the first time since July 2021, inflation returned to target, numbers on Wednesday showed.
According to the Office for National Statistics, the rate of yearly consumer price growth faded to 2.0% in May, from 2.3% in April. The reading was in-line with the FXStreet cited consensus.”
(Alliance news)
Still it’s nice to get +10% yield tax free and still have an average in the blue whilst we wait. Black swans aside PHNX and likes of MNG will imo soon move back to the mid points of their long term trading range and continue to hike their dividends.
There is also a huge upside in AI to come in this space (as mentioned by a bod member here, I posted a while back).
Chatbot’s are now putting keyboard to paper like at DLG and beating the human experience. Where there is human to computer intervention at scale the savings could be huge, and it’s not far off!
But don’t worry there will be plenty of other work for folk to do doing other stuff!
And we have both MNG and PHNX getting their senior notes away recently.
And PHNX delivering their business plan two years in advance and a beat!
Then the GE will be over in a blink removing some uncertainty.
Then if the SP’s don’t catch up to the wider index soon a takeover is very likely. It will only take one in the sector. It’s ripe for consolidation which is really just a lift and shift. After all, have we not done it!
Perhaps now an investment here is no longer as contrarian. The data is there in sufficient quantity for those that look and read it in a wider context. For sure we could go to 440 first of back to 540.
As always timing is everything, hence averaging or out for that matter and en trading the edges can help.
That goes for sell side and buy side.
But now imo it’s buy time with many uk insurers.
Sorry for those that are stuck in at the highs. It’s the same here as elsewhere (like at DEC Ace) but that’s just how it is.
Hold and hug isn’t always the best plan. Then saying how sht the sp has been. Well we know that and those that figured it out may have sold and bought cheaper, are putting in new money, or are happy to hold with a long term view and re-invest their divi’s.
There are few that really think the numbers here point to a huge divi cut. On the contrary, there’s that w
Sign In
Follow the stocks
