scruff1 - fair enough, just thought it looked a bargain with share price near 2 year lows and the potential dividend yield. I'm more into long-term portfolio building than any quick trades these days. Usually see the large-cap companies recover. |
Agreed - I've pulled buy orders (again) here and @PHNX this morning.
Still looking to add to HFEL. |
Mister MD
There have been rather a lot of 'days like these' since July and the way Ravin Rache is performing you dont need to rush - there are going to be plenty more ! I wouldnt be too sure the current prices are a bargain. In 6 months time they may look quite high. Good luck but its a risky environment. I havent re invested any of my divis for months and dont intend to until the waters are less choppy. I have become extremely risk averse - there are too many of them looming |
I said it last year, the reports were worsening, now add the socialist government affect and you can see the real problem is only just puffing up.Windfall tax on profit growth is my bet. |
Well ... days like this I just go bargain hunting - top up MNG @ 187p. |
GOLDMAN CUTS M&G PRICE TARGET TO 237 (238) PENCE - 'BUY' |
buy orders left this morning
MNG 188
Lgen 215
Phnx 475
Equal weights in each.
Expect I will have to wait until the States enter the fray this pm but on the off chance
Blame it on the algorithyms |
Nothing about the vagaries of the current travails in the markets but article in the D.T has the Square and Compasses in Dorset as the No1 pub in Dorset.
I seem to remember a lively discussion on these pages about same
The markets I haven't a clue
I have targets but is in the lap of the gods my trades so far this new year are not covering me in glory
Early candidates for the infamous sock drawer.
Be lucky |
As an avid beer drinker I suppose I shouldn’t dis the business model ;-) |
Good call Spud, let's hope they give it up |
Bit bothered that VC will be sniffing around and will crystallize some paper losses for investors on these high yield stocks. The 'poison-pill' of the complexity of the businesses might help to keep them away. Not an easy asset strip, unlike buying up Morrisons roughly for the value of the properties as I remember it and having the business thrown in for free. |
#Fenners66, yup, some high street properties are a liability now, landlords having to pay business rates on empty shops, high street full of charity shops just paying the overheads to take the weight off the landlord, rent/rates/2-3 staff plus the costs with NICS/pensions/holidays trying to operate a little profitable business selling goods from a shop is near impossible, you have to crank out GBP10K a month just to stand still, a total waste of time except for nail bars and barbers they are both doing well, they seem to like the cash and cheap labour.. :o)
I have picked up my full holding for MnG now, recent lows could be a floor, (subject to bond market jitters) but the income for a decade will be just fine and see what the share price is in 2035.. :o) |
Hear, hear. |
Or alternatively, we could be novel & try and stay on topic and discuss things MNG related! And before I'm lambasted by people saying it indirectly refers to MNG, why talk for talking's sake?
Sometimes less is more!
spud |
Mine was a general point about cgt not specifically about shops. You seem bent on arguing.
What are your solutions? Not to my post. You know what I meant.
Show your ability. Rise to the challenge. Whats the problem. |
To get you to stop writing factually incorrect gumph about CGT... |
What’s your solution then? You always have a lot to say. |
yump - Capital gain on empty shops ?!?!
Either you are having another one of your laughs or have no clue.
No-one wants them.
Empty properties still have to pay rates - "you do not have to pay business rates on your empty property for 3 months. The relief starts from when the property becomes empty. After this time, most businesses must pay full business rates."
They often cannot be repurposed - or who wants to live on the High Street ?
Offices left empty with no takers thanks to WFH
There is NO capital gain on the expensive noose around the neck !
Councils that bought shopping centres - idiots trying to get commercial - are sitting on huge paper losses
but there is no market to take them off their hands.
Charity shops paying little or no rent but covering the insurance and rates - is nirvana to some landlords. |
You only have to walk around any neighbourhood to see empty properties. Some are empty offices for years or just dead high street businesses. That is a national scandal. If compulsory purchase can be used for infrastructure progress, why the heck not for releasing property that is being kept just for capital gain. I believe Gordon Brown reduced CGT for businesses holding property for 2 years, so that kick started the empty property as an investment trend. |
All the reasons contribute. Supply and demand is never going to be about just one thing.
But whilst we can acknowledge the failings in the economy because so much is used up
on rents and interest its not like the govt hasn't an interest in the matter too.
Higher and higher property values add to the tax take - higher stamp duty, higher taxes on
rental income from landlords, higher take from IHT - eventually everyone in London will be
paying it if they own a home. Higher funds from the eventual sale of houses to trap people
into paying for their own social care.
Govt is as addicted to their share. |
So the fact that housing stock to buy is greatly reduced because people buy as an investment, and will only let the property has nothing to do with it? Then to make matters worse long term let rental stock is depleted because of the growth in Airbnb. We will just have to agree to disagree I am afraid. |
Not sure I entirely agree Gary, economics 101, supply and demand. According to migration watch the UK population has risen by 8m from the year 2000, driven mainly by net immigration. House prices in the past 2 decades have increased fastest in London and the South East of England over the same period. According to the ONS, 47% of immigrants arriving in the UK, nearly 2.3m people, settled in London or South East England, these people need to live somewhere. I think this is driving house prices upwards rather than the population no longer making memories.
wllm :) |
Thanks NSB |
Register for real-time alerts, custom portfolio, and market movers
Hot Features
Premium
