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Yes, things are looking very positive. I am normally wary of AIM companies as their managements can sometimes be a little reckless, but RNWH seem to be a very steady outfit with a sound strategy. Being on AIM is possibly another factor holding back the SP, as many people look at it and lump it in together with general construction/housebuilders and treat it as being subject to the same cyclical factors. The focus on infrastructure (which lets face it, the UK is in desperate need of improvement) means the business and it's market is actually in a growth phase at this time, not contraction. It will almost be a shame when it inevitably gets swallowed up by some huge predator, losing it's unique edge.
Lol! No, but some would argue I'm rapidly heading that way! My point being that higher prices will limit consumption as we scrabble around for alternatives or cut usage of oil. It seems a little reckless for the Saudis to strangle demand rather than manage it carefully by keeping us all on the hook. $80 - £90 a barrel seems about the right level to keep demand up while filling their coffers. $100+ is a risky strategy.
I'm currently going through a transfer of my ISA and SIPP away from Barclays. Delays in payment, ever growing %age fees, mistakes in processing SIPP contributions... the list goes on. I half expect to be penalised for having the temerity to leave them by even later divi payments!
Hi Gary
On your thoughts re: banks and housebuilders - I do hold shares in a couple of banks (BARC and NWG), but recently read an interesting article on the "Heads They Win, Tails You Lose" history of people running them over those of us owning them, so I'm beginning to question those holdings. I think housebuilders make good sense, especially at this point in the cycle. The UK is critically short of housing, so the demand isn't going away, but the builders' prices are looking a bit like bargains at the moment. Have a look at the Redrow and Persimmon boards for some interesting comments, particularly from someone called StrictlyBricks - he has a different approach to investing and stock selection which I quite like.
It's all a lottery at the end of the day, but it sounds like you have a solid base so taking some punts at the low point in the cycle could be fun and reap some good rewards!
Good luck with your choices.
Hopefully Mr Market will be very forward looking on this share, as that H1 performance was pretty bad! I'd love to see the internal forecast that is turning a profit by the end of this year.
18th September for the half year results. https://www.thephoenixgroup.com/investors/financial-calendar/
Erm, the only UK data released today was the PMI Flash Estimates at 9:30. If you're referring to the Mortgage Application data released at 12:00, well that was from the USA! Shocking it may be, but I don't think it will affect Persimmon much. Good luck with that short!
Oh, and of course traders often use leverage, via options etc. While an investment can go to zero it is unlikely all your investments will at once. If you start to use leveraged instruments though, it's possible to lose the lot in a very short space of time!
Hi Mike - This very much highlights the difference between Traders and Investors! Investors put their money to work by picking stocks, bonds, whatever, that will hopefully do well in the long term. Given the performance of most index trackers over a long period I would say most Investors make money. Traders however are a different beast. Trying to turn starting capital into a fortune by diving in and out of investments, following fads, incurring huge fees and suffering from anxiety as things don't always go their way. Typically they sell too early when something goes the right direction and hold on too long when it goes against them. The claim that 90% of traders lose money is not particularly surprising. If people want to trade, go for it... but maybe with only 10% of your capital. Put the rest to work in some solid investments and get some sleep at night.
I think that GBP should go lower... given the state of the UK economy I can only see relative weakness next to the dollar. $1.20 - $1.25 "feels" about right at this stage, which as LOL points out gives a boost to SMT's price in sterling. It's not going save us on it's own, but it is a factor!
*Yawn* What's up TerryMC1? Are you worried that if you don't come here and shout about "insurmountable" debt every day that your shorts may not actually end up in the money? Good to know that this little BB has that much power! ;-)
Has anyone invested here actually tried using the 888 platform? I thought I should try it so I opened an account, made a deposit and played through expecting some kind of bonus. On checking my junk mail, there was a message from operations stating "Please be advised that due to an internal decision you are not eligible to receive any bonuses on this account. You are welcome to continue using your account to enjoy other aspects of our gaming experience."
What on earth is the reasoning there? I'm based in the UK so can't think it is a jurisdiction issue. I have tried using the online chat, but they were obstinate to the point of hopelessness. I have emailed them directly, but I have to say... I think I'm going to get out of this share. If that is their level of customer service, this is not a business that is going to be around for long.
Hi Mike, I think it's probably just down to availability plus the deposit/mortgage issue. Without a chunky deposit it is hard to get a fair mortgage and while you are paying the extortionate rent it is extremely difficult to save for said deposit. I have a colleague who bought under a shared ownership scheme last year, which seems a reasonable compromise. By paying part rent/part mortgage he is at least building up some equity, which can form a deposit at some point in the future. Make sure you read those contracts carefully though, some of them appear to contain some nasty clauses!