Two decent TUs from ABDN and QLT this week, and SJP recovery makes it a rosy picture for wealth/asset managers.
Q is MNGs wealth and asset management offering strong enough to drive meaningful inflows like the others have?
Historically MNG does not issue AUM statements ahead of results so we wont know until mid March. If it is, then this is going up to 220 or more. |
They are MNGing...
(sorry - its an earworm) |
Who knows ? |
Where's Dil? |
Actually he's on the money. You haven't seen a try socialist government in your short life, we're at the aperitif stage at the moment. Time to stay silent, read in and learn chump, this finale from this lot is years away. |
fenners66
And you’re showing your simplistic approach to things that are more complex than just comparing with the 70’s and referring to “foreign money”, whatever you actually mean by that in the the same phrase as UK cash.
I guess that’s easier than debating any details.
But then filling up your posts with generalisations is your thing. |
Helen, u still in? |
205.1 high of the day . May go to 209p |
Will this fly now ad Aberdeen? |
Thanks Skinny - sometimes I try to avoid all the noise and just buy when things feel cheap and sell (such as HSBA over the last few weeks) when things look toppy.
But incredible to see so many quality companies at multi-year lows. GSK is another position I'm adding to for the eventual recovery... |
Mister MD - your purchase yesterday is now looking very shrewd! :-) |
Your showing your naivety or inexperience there yump. Look at the 1970's when this last happened. The govt needs more foreign money not UK cash going offshore. |
Is there any evidence that the often quoted movement of the very well off out of the UK does any harm to the economy?
Is there any evidence that the brain drain does the same?
Both just cliches without evidence.
imo its the same mantra as the top talent and highly paid leaving because pay is better elsewhere, so there will be less growth of business.
That is patently untrue because its a fact that significant new businesses are started by people who are not motivated by money.
Also, the sooner the overpaid CEO’s and BOD’s of the largest businesses move on from managing the status quo, the better. Make room for some of the innovators trying to climb the slippery corporate ladder. |
I think we are missing also the TRUMP effect on inflation WW, if he goes fast and hard with Tariffs. A lot is risk about in the next weeks, but my intention is to add to my investment here at some point.. GLA |
But if the overpriced US stocks fall ours will still fall as well even if we are undervalued. where's the catalyst to reverse the undervaluation? |
On the plus side the FTSE has already vastly underperformed other markets over the past few decades and valuations don't appear to be stretched. With approximately 3/4 of income from FTSE companies being earned overseas the current Sterling weakness will boost reported earnings figures.
Oddly feel more comfortable currently holding a portfolio of high-yielding UK stocks than high p/e US Tech stuff. And Bitcoin doesn't appear to be a safe-haven either, currently down 4% on the day with other cryptos down between 4 and 9% ... |
scruff - HFEL since 2014 @318 - sold out completely in 2021 @324 and I've been buying back since 2022 - last purchase @221 in Sep 2023. |
 You cannot see the outlook improving for UK business in general , until the govt abandons their tax anything that is making any money to death to pay for vanity projects.
I don't see them abandoning that ideology after all they are unchecked for 4.5 more years.
So they will bang their heads against a wall for at least 4 more years awaiting a different result.
FTSE has not had a real crash for a time , nor a catalyst outside of covid.
But highest public sector debt, high gilt yields, rising inflation , due to higher public sector wage rises and now falling pound importing inflation and higher fuel costs (Brent to $80) higher for longer interest rates , higher Ers NI and less jobs , recession - all adds up to a whole lot of macro factors working against the FTSE.
Recessions often start with poor sentiment. That was heaped on by the incoming administration. So used to political point scoring they could not see that this time they were in danger of harming the real economy , after all the are the govt so should know its bad....
Now the real recession is starting and I would not be surprised to see poor sentiment reaching the stock market as well.
Who else is now wondering whether to take funds out of their pension pot because they may be targetted for IHT by 2027?
Then the brain drain and transfers of wealth abroad to avoid the next wave of taxes ?
Sitting on the sidelines for a while is starting to look prudent. |
All its really possible to do is buy repeatedly around what looks like the bottom with a good few months inbetween!
It doesn’t look like gilts or interest rates are likely to drop much any time soon, or at least not enough to see an escaping upward share price in any income stocks.
With any luck it might be possible to buy where the share price downside is limited, so that the chunky dividend doesn’t keep getting partially wiped out by paper losses. |
Yes MD its the divi thats keeping my chin up. Im too old to worry about long term growth. I was looking to build in PHNX but have lost my bottle for that until there are at least some rays of light. Problem is imo this govt is full of extremely low grade individuals who are motivated almost purely by student like ideologies and are paying scant regard to the realities of economics and finance - if indeed they understand them. They are however capable of inflicting severe damage - they already have. Miliband is a total loony - Jim Ratcliffe claims that due to net zero British industry is facing extinction. Current trends make it hard to disagree. We are facing a bleak future.
Skinny didnt know you were in HFEL. I too have been looking to add there - its a good dividend which looks to be maintained. Its close to the lows and its away from the UK asylum. If anywhere does the far east looks as though it could start to see some growth - not massive or rapid but at least growth. Still needs to be more solid |
I've not pulled mine at 170p.
spud |
Mister MD - you may well have bought near the bottom and well done if you have.
My average here is @206p, so I'm still looking to add - just not yet. |
Register to chat with like-minded investors on our interactive forums.
Hot Features
Premium
