Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
A load of big trades this afternoon, is a big announcement coming?
Something good may be coming… even Showpiece trading platform should commence soon. But the share price here is a different thing.
Just noticed we have our third offering on Showpiece: a Warhol piece of art!
Certainly a chance to own a fraction of some of art's finest treasures at this rate!
I wonder if this will sell out faster than the coin?
A nice surprise for the weekend! That can explain some heavier trades today. I’m not too sure now if the share price will stay under 2p for much longer… However long it takes, things are progressing.
I believe an RNS will be issued shortly as well regarding the new Marketplace on Showpiece which is just about to start trading.
A very interesting development.
Am increasingly amazed that the price is so low
Down nearly 6% today, we are edging towards that predicted 0.5 pence. There's going to be a lot
of pain here.....
That’s certainly one way of looking at it.
Cannot believe the size of drop since the recent update. Clearly the message is not getting through at all.
Sellers out again today> soft end to the week, softer than Wednesday's 6% drop? Maybe.
Devon, out of curiosity, were you involved on the debt for McColls? That is a real nightmare for shareholders today. Luckily I missed that one, but I do think the news that Morrisons might have been preparing an offer in last night's press created a false market, and as a result a lot of retail investors have lost again. This does remind me of Debenhams where a day or two before admin there, Mike Ashley was supposed to be making an offer.
It seems these last minute 'rescue offers' are exactly the opposite., but in both cases large numbers of investors bought in thinking a rescue deal was about to be unveiled. I do think the FCA needs to look at these sorts of announcements more heavily and ban them if they are not actually likely to proceed.
No, I didn't have any exposure to McColls. I have been buying REA prefs and Sterling issue and I'm likely to pick up some of the Miller Homes junk issue that's just happened. I take little interest in press speculation and try to just apply my own view's of the potential for the acquirer. If that doesn't stack up, then I'm happy to miss out if I've got it wrong. I'd rather miss out than gamble and loose cash. I didn't think Ashley was going to make an offer on acceptable terms, but I think I said that at the time. Saying that I wouldn't suggest opening up a new position in REA today, too much of the juice has already been squeezed.
FCA....they need to be less involved and not more.Even better, we shouldn't think there's ever easy money to be made in the market.
Interesting few days, lots of things getting well marked down. I'm sure that will put pressure on SGI. I mean, why buy speculative, when you might be able to buy quality at a discount?
I've got 10% of my portfolio hedged with inflation projection. That's taken a bit off the correction, but I'm sure there's more pain to come. I think DARK look vulnerable. I'm sure you'll disagree. DARK could head south and stay there. I keep looking at LMP. I've always thought it's a quality team and it's getting a kicking at the moment. I'm also thinking about TLEP/TLEI they could be effected by a global recession but less than oilers. They are the only listed "green" stock that appeals.