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[WindyCommon]

dom9 said:

Will they all remain listed in London?

Will Brexit cause a meltdown in Europe?

Will all EU companies suffer, if so?

Will (can?) Trump change trade rules for the US companies or foreign entities?

To say a weak pound will continue to push the FTSE higher is too simplistic, IMHO. We could have a weak pound and a global recession smashing the indices.

My view, and it is just my thoughts, is that a correction is coming, regardless of what the GBP does and that's why I am holding mostly cash, having taken it out of the markets (mostly) a few weeks back.

I might have missed (a slightly) higher peak but I don't have the nerve to stay in at record highs with the unknowns; Trump/Brexit/EU etc.

Well - a global recession is a new factor in this discussion! Can we at least agree that, in the absence of other changes, a weak pound will continue to help the FTSE? I really am just trying to point out that the linkages here are multi-layered, specifically that the FTSE100 is not a proxy for the UK economy.

FWIW, I agree with you that this isn't a great time to be balls-out long equities. Markets have perhaps run ahead of reality and that there are many potential triggers for a correction of some degree. The portfolios that I manage are more defensive than they have been for quite some time, and not just in terms of cash levels. Whilst a correction could start soon, it could also be a long wait. My experience is that they occur a lot later than you expect, but then happen a whole lot faster too! It's better to be early than late so let's hope we're both right....

Edited by WindyCommon on Monday 16th January 00:12

[dom9]

For sure! A weak pound is great for the FTSE!

You've put it more elegantly than I could; it's a multilayered problem and I'm not sure those layers have 'revealed' themselves yet.

It's going to be an extremely interesting year to be alive IMHO. For what it's worth; I think Trump will be far more 'sane' and 'good' than anyone expects but I do expect all countries to become more nationalistic and 'look after themselves' now.

[rustyuk]

I've cashed out....

[AndySpecD]

Lon:ZEN (Zenith Energy) looking interesting..

Plenty of info on the usual boards.

[twinturboz]

Hmm might have to wait a bit longer for the £ lows, some divergence on the recent lows.

[dom9]

Yeah, I see it has picked up over night...

Still looks like it could go lower this week though, IMHO.

[twinturboz]

I could be wrong, feels like a bit of a bear trap first.

[dom9]

I wondered whether some of the shorts had closed positions based on Mark C's announcement that interest rates could go either way.

I do wonder if he was trying to bolster things though, in the full knowledge that May's news will be taken badly by the markets?

[twinturboz]

Looks like a big fat bull flag. If it goes target is around 3% higher from here so 1.27ish

[dom9]

Watched it coming back down over night and just saw the bounce around lunch...

I know everyone is pleased that these decisions get put to Parliament but, to me, that just increases uncertainty.

If Parliament says "you can poke your plans" then what are we left with?

I thought the confirmation we're leaving the single market was 'more negative' than the fact May will ask others for their opinion.

Either way; I am bull-ish USD through 2017 and don't see any big swings (I don't consider a couple of % here and there a big swing) coming.

Slightly annoyed I didn't cash in at $1.20? Maybe. Think I'll get another opportunity? Maybe...

[Hobo]

Interested to see what happens with FITB in the next 24 hours after trading suspended late in the day, after a 500% rise for the day.

Have a decent holding so hoping it's good news.

[FredClogs]

PMO is on the rise... Anyone care to guess where it should get too?

TLW too.

Edited by FredClogs on Friday 20th January 10:11

[don29]

I think PMO will hit between £2 and £3 this year. I think the tide has potentially turned for oil and PMO is well placed to reap maximum rewards. Once news of the funding is released, assuming there's no major dilution, we should start to see a major rerate over a matter of months IMO.

[don29]

For an AIM punt I think that Ascent (AST) could be rewarding this year too.

[NRS]

don29 said:

I think PMO will hit between £2 and £3 this year. I think the tide has potentially turned for oil and PMO is well placed to reap maximum rewards. Once news of the funding is released, assuming there's no major dilution, we should start to see a major rerate over a matter of months IMO.

In Norway a lot of the oil stock has swung rapidly already. However it does look like a lot of stuff has gone up because it is "oil" and everyone is jumping on board. Some of the service companies are looking overvalued now as they still have big issues (e.g. no/ very few rigs or boats on contract etc).

[FredClogs]

don29 said:

I think PMO will hit between £2 and £3 this year. I think the tide has potentially turned for oil and PMO is well placed to reap maximum rewards. Once news of the funding is released, assuming there's no major dilution, we should start to see a major rerate over a matter of months IMO.

That would be nice to see. I read somewhere the major oil companies are holding lots of cash still and are looking to go into aquisition mode which is helping lots of small company oil stock too.

[cashmax]

BT must be a good buy at 20% discount.

[anonymous-user]

cashmax said:

BT must be a good buy at 20% discount.

I bought £1k worth for the Sipp as theyre still committed to increasing the dividend over the next two years.

[FredClogs]

BT have taken a big gamble trying to get into the media and sports media business if you ask me, they've effectively lost the open reach side of the business and don't seem that canny at doing international deals.

I'm not sure in the medium term they're going to prove undervalued.

[g4ry13]

I bought some IG Group this morning after results. Kicking myself a little for not doing it earlier a few weeks ago but better late than never.

Looking to offload Tesco if they climb a bit. Also weighing up whether to take BP profit and run.

One other thing i'm considering is buying more Man Group. They pay a good divi and the price is somewhat stable - only thing is i'm rather lumpy on it already.

SXX always a good option for a long term thing. Still got my AMC and PPC (which we won't talk about!). Also have SOLO but that's also a long way off, I prefer to think of it as my lottery stock.