fenners66 - I’m afraid my pessimism matches yours. Bloody shambles.
Suet |
suetballs - your mention of an emergency tax raiding budget in the spring.
Was obvious from the couple of days when they announced they had caved in to junior doctors as they
could not risk another strike , i.e. we will give in to the threat of strikes from our friends and backers the unions.
Then announcing the new labour laws policy making it far easier for unions to strike !
Don't tell me they are too stupid to add both policies together... (or maybe they are! ) but from that moment it was clear public sector pay will boom and the country will bust.
Autumn budget for growth was - for growth in Unemployment and profligate public spending. By the time it kicks in we will be in recession - which they started by talking the country into it.
Then very likely to need to squeeze the pips even harder. With 5 years of this there is serious danger there will be nothing left. |
And now there is talk of an emergency tax raising budget in the spring.
FFS.
Suet |
Hardly surprising ever since Rachel shook the money tree with such ineptitude and broke the trunk.spud |
Looks like no Santa Rally this year |
Hence "XYZ is a credit broker not a lender " at the end of all the car finance radio and television adverts
I agree the car salesman's non-disclosure is the issue and they should pay - not trying to break the banks again . |
I think Abdn has a substantial exposure to Close Brothers
At least that is what I have been given to understand and that is partly behind the pressure on Abdn
And I might as well be hung for a sheep as for a (kosher)kebab hence my interest.
Personally think with II in the fold it will need a bid in the region 0f 240 to entice me to sell any , much in line with the premium paid by Aviva for Direct Line.
But again wdik
I expect more hubris to be coming my way.
But I have broad shoulders and a healthy cushion . |
Off topic perhaps, so apologies in advance, but this car finance court case puzzles me. It is a very long time since I bought a car and needed finance, mainly because I buy cheap. But, if the salesman fails to disclose to me that the finance he's pushing in my direction benefits HIM through commissions then I would hold HIM at fault and not the finance company.
I guess the finance company has more money than the individual salesman or the car sales outfit he works for and the lawyers never lose sight of the money.
But, that said, how does the appeal court decision have a bearing on Abrdn? Is Abrdn liable for payouts if the case goes against the finance industry? |
have added some here just on the back of the appeal court granting Close Brothers leave to appeal in car finance debacle which has been weighing on the share price due to the exposure.
Expect similar for lloyds |
Come on son... |
Ho hum
*JPMORGAN CUTS ABRDN PRICE TARGET TO 153 (156) PENCE - 'NEUTRAL' |
Only four declarable shorts left to close now. |
Thanks CWA1. I was right to be suspicious. I really am going nuts. It must have been too early in the morning and assumed wrongly that an announcement about 'holdings' would relate to ABDN, and failed to twig that it was the other way round. Duh |
Going nuts I think?! I know NADA about PPET but ADVFN says they have about 152 million shares outstanding not the 1.84Bn you mention. 85M shares represents ITR of 56% of the outstanding total, so seems OK to me on the quickest of glances and with NO understanding of the company |
Am I going nuts. Patria holding 85m in 1.84bn shares is 4.62% not 56.00%????? |
Qube and Samlyn both increasing their shorts. Brave boys and girls or just mad! |
As a long suffering shareholder like many on here the only silver lining is that if the new CEO does start to turn the ship around the unwinding of the short positions will give the share a boost on the way back up. |
swiss paul, look at natwest and Barclays l hold in my isa, both doing buybacks every year. Notice something? 😉 |
Just caught up with a useful Stockopedia article from October pointing out the profitability of 2 divisions versus the problems in the funds business. Business likely to be valued at less than Net Asset Value. Encouraging. Deserving of further study. |
Yep this is getting taken out. |
Next target after direct line. |
I hope he listens |
jonnybig
I'm not certain who or what you are referring to but...please...no personal comments.
Thanks |
Your mum gave birth to you?
spud |
This shxt has sub a quid written all over it in upcoming 2025 meltdown/selloff. I wonder whether dividend doesn’t get cut but instead gets suspended, even Schroders at 15 year lows now which is a better company, U.K. financials wrecked since 2016….i wonder what happened around that date😂 |
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