Share tips thread

[Burwood]

NRS said:

lukefreeman said:

Reckon the banking sectors seen the worse yet?

Time to buy ?

I certainty wouldn't buy with money you can't afford to lose now/ wait long term with.

There will be a run on funds soon. Not like last time but enough for banks to be forced to see more assets and make the markets force short term. i'd sit tight for now.

[red_slr]

surely they need to suspend rbs now

[twinturboz]

This isn't going to be over in a day or two of declines.
The big question is if Brexit is a trigger for global unwinding of risk or just a small bump in the road

Despite what Boris might tell you the £ hardly looks stable and we know the market hates uncertainty.
Ultimately there is no clear plan as to which route the Uk is going to take yet and doesn't look like there will be anytime soon. Granted this isn't the big crash scenario that some tried to intimate it would be, but I'm personally looking for further downside still.

What you can count on for sure, if your playing the markets right now is increased volatility for some time to come, if you can't handle that then might be best to sit tight and let the dust settle.

Banking stocks wise, their stability won't be in question but the impact of this whole Eu passporting issue will be an overhang for a while.

The positive however so far is that the selling seems to be orderly and it isn't pure panic.

[bmwmike]

I'd be trading if I could get onto the bloody HSBC dealing site when I need to. They have no capacity to deal with extra demand so pages are timing out. They are for me anyway.

[Ozzie Osmond]

twinturboz said:

Despite what Boris might tell you the £ hardly looks stable and we know the market hates uncertainty.
Ultimately there is no clear plan as to which route the Uk is going to take yet and doesn't look like there will be anytime soon.

Indeed. Hold tight for the ride!

[EricE]

Barclays evidently did not see the Brexit coming. From their Compass Q2 2016:

"At the beginning of this year many market participants saw the fall in equity prices as a precursor to the end of this economic cycle. We had a different view and saw this downturn as an opportunity to tilt further towards risk assets. In this latest edition of Compass, the theme is growth and equities."

https://wealth.barclays.com/en_ch/home/thought-lea...

[XMT]

Zippee said:

dufflecoat said:

Had a stab at Lloyds and Taylor Wimpey. See what Monday brings and if another drop, probably another punt on the same. Then ride it out.

I've just taken a punt on 3000 Wimpey shares at £1.19 each - fingers crossed

I have been closely looking into WH too as well as Persimmons and TP shares. All have taken a UFC beating!
I am not so bothered about short term (months), more up to 1-2 years and imagine they would recover at some point.

Going to do some more research because even though the prices appear "low" they can certainly drop even further thats for sure!

[twinturboz]

Ftse 250 doesn't look bad at all, even the Ftse despite Brexit has an interesting bullish pattern. If it stays above last week's lows and can break above and hold 6400 could make new highs.

[baptistsan]

Legal & General worth a punt?

Any others I should be taking a look at?

TIA.

[K12beano]

baptistsan said:

Legal & General worth a punt?

Why?

One could argue both ways. Most commentators have noted that, among its peers, it's not particularly well placed for Solvency II and current volatility. Brexit *might* be seen as a saviour if Solvency II were to be ditched, but how likely is that if UK wants to continue trading with EU states?

I think L&G have just had a downgrading from Barclays Capital. Shrugged off by the company of course. Don't think any of the big insurers will fare too badly in volatile markets, and of course some are a bit cheaper than they were a week ago.

But don't listen to me - I'm taking a punt on IAG as I don't think air travel will be finished in two years time!

One of my current pets is/was GRPH though - suspended this morning because they don't think they're going to get their accounts out - seems a little bizarre!

[baptistsan]

Thanks for that.

It was the Solvency II situation that had me looking at insurers in general.

I know it's a long term game and imagined they would benefit from not being tied to SII as we move forward.

[K12beano]

Yes - but as I say, if you get an invite to the party you'll be asked to bring a bottle of bubbly and if you turn up at the door without it no one of your family is going to get in out of the cold.

Be amazing if many of our laws/regulations aren't amazingly similar ex-EU to pre-Brexit. Of course, the Indian economy is now set to boom with all their Snivel Servants cleared to get big pay rises (23.5% if I read that right) so maybe we don't need to trade in Europe and further afield would be a better bet???

[Puggit]

Just discovered some long (long) lost shares in BG group (now Shell?) and Centrica. Still waiting for some refreshed paperwork, but wondering on people's thoughts on these two.

Centrica share price seems to be in terminal decline - but Shell looks good. I'm assuming if/when oil prices bounce up again, that Shell would be a good hold?

Shares were given to me aged 18 and totally forgotten about - found the certificates in a box that had been in my mum's attic for 18 years...

[anonymous-user]

Puggit said:

Just discovered some long (long) lost shares in BG group (now Shell?) and Centrica. Still waiting for some refreshed paperwork, but wondering on people's thoughts on these two.

Centrica share price seems to be in terminal decline - but Shell looks good. I'm assuming if/when oil prices bounce up again, that Shell would be a good hold?

Shares were given to me aged 18 and totally forgotten about - found the certificates in a box that had been in my mum's attic for 18 years...

Both these companies have been dividend payers for some time - Out of curiousity where have your payments been going - can you retrospectively claim?

[Ozzie Osmond]

Ozzie Osmond said:

I was buying when it was around 7000 in Spring 2015 and I was buying through Spring 2016 (while the market was around 6100) as well. As always, time will tell.

^^^ IMO there's a lot to be said for buying steadily over time but you have to be ready for the rollercoaster ride!

[Puggit]

RaymondVanDerDon said:

Both these companies have been dividend payers for some time - Out of curiousity where have your payments been going - can you retrospectively claim?

Yep, I've spoken to the registrars. The address was changed to a location I lived in my 20s for just 12 months. The owners have been returning to sender, so the registrars blocked my account.

I'm owed over £1000 in dividends from Centrica, and around £900 from BG. Plus the share offer cash from Shell. A couple of hundred pounds in the late 90s is now worth about £8k all in.

I cam claim the missing dividends, minus a fee which seems to be about 12%.

[Puggit]

I also found I own 125 shares in EuroDisney. Oh well!

[walm]

Puggit said:

I also found I own 125 shares in EuroDisney. Oh well!

You are in no position to complain!!!!
Cheeky sod!

[NRS]

Puggit said:

Yep, I've spoken to the registrars. The address was changed to a location I lived in my 20s for just 12 months. The owners have been returning to sender, so the registrars blocked my account.

I'm owed over £1000 in dividends from Centrica, and around £900 from BG. Plus the share offer cash from Shell. A couple of hundred pounds in the late 90s is now worth about £8k all in.

I cam claim the missing dividends, minus a fee which seems to be about 12%.

Certainly can't complain about that!

[Muffster]

Anyone in the know about construction companies? I see they have taken a hit over the last week or so, Balfour Beatty , Taylor Wimpey etc. Is now the time to opt for these, i see a lot of the construction companies have had a steady rise over the last 5 years.