What’s your big gamble?
Discussion
king learn and fiddle and then regret ( talking stocks... )
petemurphy said:
how we feeling for the week? wondering whether to sell a few if its a reasonable opening today - do we think numbers below will all be bad or as market expects
The macro news for the coming week will include some major data sets from the UK in the form of gross domestic product (GDP) on Tuesday, inflation readings on Wednesday and unemployment figures on Thursday.
The unemployment and inflation data will provide further insight into how the lockdown has affected the British economy, covering the months of May ad June respectively, while the batch of data may also provide some indications of what the trend may be for the coming months amid a steady flow of reports of large layoffs from firms across the economy.
In the three months to April UK unemployment was 3.9%, however, this did not take into account the 9mln people that are currently estimated to be on the furlough scheme, meaning there is a potential for a spike in jobless rates when the support is wound down in October.
Meanwhile, inflation remains very low at 0.5% in May, and while wage rises are staying ahead of this there are concerns that rising oil prices could increase costs at the pumps and squeeze consumers that are already struggling, potentially causing knock-on effects for retailers and leisure firms as they attempt to recover from the effects of lockdown.
UK consumer data due at the end of the week may also provide some clarity on how consumers are feeling and whether the recent measures announced by Chancellor of the Exchequer Rishi Sunak will be enough to entice spenders to open their wallets again.
Meanwhile, data from across the Atlantic in the week will include US inflation figures on Tuesday as well as retail sales and jobless claims data on Thursday.
There will also be news from the continent as the European Central Bank meets to make its latest decision on interest rates for the eurozone.
At the moment, I’m staying in all of mine - didn’t get a chance to do a property review this weekend and nothing jumped out this morning that said sell. I’m considering doubling up on Boo Hoo again, I’ve got a buy order in for IDP still. The macro news for the coming week will include some major data sets from the UK in the form of gross domestic product (GDP) on Tuesday, inflation readings on Wednesday and unemployment figures on Thursday.
The unemployment and inflation data will provide further insight into how the lockdown has affected the British economy, covering the months of May ad June respectively, while the batch of data may also provide some indications of what the trend may be for the coming months amid a steady flow of reports of large layoffs from firms across the economy.
In the three months to April UK unemployment was 3.9%, however, this did not take into account the 9mln people that are currently estimated to be on the furlough scheme, meaning there is a potential for a spike in jobless rates when the support is wound down in October.
Meanwhile, inflation remains very low at 0.5% in May, and while wage rises are staying ahead of this there are concerns that rising oil prices could increase costs at the pumps and squeeze consumers that are already struggling, potentially causing knock-on effects for retailers and leisure firms as they attempt to recover from the effects of lockdown.
UK consumer data due at the end of the week may also provide some clarity on how consumers are feeling and whether the recent measures announced by Chancellor of the Exchequer Rishi Sunak will be enough to entice spenders to open their wallets again.
Meanwhile, data from across the Atlantic in the week will include US inflation figures on Tuesday as well as retail sales and jobless claims data on Thursday.
There will also be news from the continent as the European Central Bank meets to make its latest decision on interest rates for the eurozone.
MWG up nicely, SKIN up slightly and Avacta down - all on the basis of one announcement! Thought SKIN may have popped more..
keep throwing money at AA honestly dont understand why their struggling.
little bit into Boohoo and topped up this morning to half the loss(currently down 4.5%
Gym group rising up slightly so happy days and my favourite sinkhole Wirecard currently down a fair whack on my holdings at a loss of 39% ouch, thats going to take a while to come back up still stands a better chance than what i hold in Intu though
little bit into Boohoo and topped up this morning to half the loss(currently down 4.5%
Gym group rising up slightly so happy days and my favourite sinkhole Wirecard currently down a fair whack on my holdings at a loss of 39% ouch, thats going to take a while to come back up still stands a better chance than what i hold in Intu though
Skyedriver said:
Halfords looking to close 60 sites.
And yet haven't they been a Coronawinner with bike sales? Share price certainly doesn't show the horrors of many others. I think this is the concerning part to me, even the more healthy companies are using CV as a timely manner to restructure their business and many others seem to be using it as a way of offloading staff on unfavourable (in the company's eyes) contract terms. It's not only employees of the effected companies that have to be worried.
TCX said:
Don't think eua much to do with price of gold?
Neither eua or ggp about m'cap,or current asset prices,
Ggp tie in with NCM,when NCM have mine and processing facility 40km from Havieron,Telfer which is currently in decline,but would benefit from ore from Havieron,ncm won't want to have to explain to share holders why 25%of Havieron 'got away from them',so hopefully at least ncm buy out ggp stake,if not complete take over
Eua all about rare earth metals,also take over,bidding war,UBS haven't become involved on an off chance,they see big bucks
Happy to be lth in both,also was in kefi,sold out,rather trust in Russians,dealing in Russia,and Aussies in Australia than mining in Ethiopia and Saudi,good luck
Thanks for your input. Yep what a choice: the Russians or Ethiopians/Saudis. I'm going with GGP and KEFI. Neither eua or ggp about m'cap,or current asset prices,
Ggp tie in with NCM,when NCM have mine and processing facility 40km from Havieron,Telfer which is currently in decline,but would benefit from ore from Havieron,ncm won't want to have to explain to share holders why 25%of Havieron 'got away from them',so hopefully at least ncm buy out ggp stake,if not complete take over
Eua all about rare earth metals,also take over,bidding war,UBS haven't become involved on an off chance,they see big bucks
Happy to be lth in both,also was in kefi,sold out,rather trust in Russians,dealing in Russia,and Aussies in Australia than mining in Ethiopia and Saudi,good luck
Shnozz said:
Skyedriver said:
Halfords looking to close 60 sites.
And yet haven't they been a Coronawinner with bike sales? Share price certainly doesn't show the horrors of many others. I think this is the concerning part to me, even the more healthy companies are using CV as a timely manner to restructure their business and many others seem to be using it as a way of offloading staff on unfavourable (in the company's eyes) contract terms. It's not only employees of the effected companies that have to be worried.
And the knock on effect is empty shop and retail units. Empty factory and warehouse units. This affects the property owners as most of the units will be leased. Empty units create an air of desolation in towns, business parks and industrial areas which has an effect on peoples well being and general air of despondency which ties in with their recent unemployment. We have seen it before, particularly in the north when the mines and shipyards closed.
Gloomy Monday
Good start to the day. Pleased I sold BOO on friday at a small gain because I would be down again today.
Easyjet and Menzies up although I expect them to drop back this afternoon so may sell and switch to 212 and try and recover my losses.
Unilever will get sold at break even because it doesn't seem to be going anywhere. Just leaves Shell and Tesco and I can't decide on those.
My feeling over the weekend is that although money is to be made I can't see any safe gambles (like BOO when it bottomed out) so I may just stick it all back into cash. Even thinking of paying off my mortgage!
Wednesday may be pretty brutal as this is the day companies have to make a decision on layoffs of furloughed staff. Also expecting to see a ocean of bad news come out. Finally, we now have Brexit back on the agenda and that is heading to a ideologically driven no deal so who knows how that will impact things?.
Easyjet and Menzies up although I expect them to drop back this afternoon so may sell and switch to 212 and try and recover my losses.
Unilever will get sold at break even because it doesn't seem to be going anywhere. Just leaves Shell and Tesco and I can't decide on those.
My feeling over the weekend is that although money is to be made I can't see any safe gambles (like BOO when it bottomed out) so I may just stick it all back into cash. Even thinking of paying off my mortgage!
Wednesday may be pretty brutal as this is the day companies have to make a decision on layoffs of furloughed staff. Also expecting to see a ocean of bad news come out. Finally, we now have Brexit back on the agenda and that is heading to a ideologically driven no deal so who knows how that will impact things?.
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