Osb Share Discussion Threads

[bamboo2] 20/8/2015 07:41

Cheers LM. DT fine as a continuation pattern.

The terminology, like most jargon, seems designed to confuse and confound! :)

[luckymouse] 19/8/2015 21:05

But even on his site its entered from the top???



A failed breakdown of a descending triangle (ie a breakup) effectively turns it into a btm reversal pattern
The word 'descending' is the clue to its natural direction in vanilla form.

Step 5 here may come in handy ;)


PS - during a decent quality bull run/breakout - (apart from being technically wrong) - you generally wont make many friends if deliberately or even accidentally try to squish a decent run by using negative sounding words i.e. descending, crash, death etc :)
its good etiquette to only refer to positives - words like up, boom, whoosh, here we f go etc ;))

[bamboo2] 19/8/2015 18:01

Hi LM DT can have an up or downbreak to confirm the pattern. The stats and calcs for target setting are different, depending on which way the b/o goes...

That's how Bulkowski sees it anyway, and I'm playing by his rules!

[luckymouse] 19/8/2015 11:22

Huh? - DT is going the other way isn't it?


Still looks like a bull flag or measured move to me if you zoom out a bit


Agree target higher

[bamboo2] 19/8/2015 07:30

LM, Looking again at the chart I have come up with a revised target, see this as a confirmed Descending Triangle, rather than a Symmetrical Triangle, and the target increases to 350. The upper trendline is pierced, which slightly reduces my confidence.

[someuwin] 18/8/2015 14:34

Something's happening here!

[dlku] 18/8/2015 14:33

lift off - bid approach like TSB maybe???!

[dlku] 18/8/2015 14:12

screaming leg north

[dlku] 18/8/2015 13:38

like a kite on a long string wants to fly off to £6 :)

[dlku] 18/8/2015 13:37

breakout and onwards to 400p

[dlku] 18/8/2015 13:35

clatting northwards

[nurdin] 17/8/2015 14:21

A strong bounce developing imo

[bamboo2] 17/8/2015 12:23

LM, I took a few earlier.

[luckymouse] 17/8/2015 12:15

free stock charts from uk.advfn.com

[mikeja] 12/8/2015 16:52

Interims due in a couple of weeks

[dlku] 11/8/2015 12:15

cookin on gas

[opodio] 07/8/2015 13:42

Looking like it wants to go higher!!

[dlku] 06/8/2015 08:36

OSB a lowly 2016 P/E of 8.2.

[dlku] 06/8/2015 08:23

George Osborne’s new tax surcharge will amount to 8% of profits and will affect 150 lenders around the country. Designed to replace the bank levy, which is paid by only 30 lenders, the tax surcharge will see the corporate tax rate of all banks jump to 28% next year, falling to 26% by 2020.

It’s pretty clear that this tax hike will hit the growth rate of the challenger banks. Although, according to my figures, being forced to pay an extra 8% corporate tax surcharge will hardly cripple the industry.

For example, for full-year 2014 OneSavings reported a pre-tax profit of £61.7m and an after-tax profit of £51.5m. Based on these numbers the company paid tax of £10.2m, a tax rate of 16.5%. Paying a corporate tax rate of 28%, including the bank surcharge would cost the group an additional £7.2m per annum, or approximately 3p per share.

City analysts were expecting OneSavings to report earnings per share of 37.2p for 2016. After factoring in the extra tax paid this figure falls to 34.2p. On this basis, the company is trading at a lowly 2016 P/E of 8.2.

Based on these figures then, a higher tax rate is not going to slow down the growth of the challenger banks.

Rapid growth
City analysts have yet to adjust growth figures to factor in the higher rate of corporate tax. So, we’ll have to wait and see how the tax surcharge affects analysts’ growth projections for these challenger banks.

But at present, Aldermore’s earnings are expected to expand by 49% this year. Virgin Money’s earnings are set to grow 6% this year and a further 52% during 2016. Shawbrook’s earnings are set to double by the end of 2016 and OneSavings is expected to report earnings growth of around 30% by 2016, that’s including the additional tax adjustment.

[future financier] 04/8/2015 09:32

You are 3 months late - already there!!!

[dlku] 20/7/2015 11:41

News Economics
Good news for landlords: Rents are rising faster than house prices


by Emma Haslett

17 July 2015 10:05am

Landlords have been hit by measures included in the Summer Budget (Source: Getty)

All right, so landlords might have been hit by the Chancellor's new rules on mortgage tax relief - but rents might just help to make up for that, after they rocketed 5.6 per cent in the year to June - the fastest rise since 2005

That's according to a report by estate agents Reeds Rains and Your Move, which suggested rents are now rising faster than house prices on an annual basis for the first time since July 2013.

Monthly rents hit £789 in June, the figures showed, 1.4 per cent higher than the £778 recorded in May - despite inflation falling to zero per cent in June.

Surprisingly, London isn't the place where rents are rising most - that crown goes to the East of England, where prices rose 13.8 per cent in the year to June, the 15th month of consecutive rises.

The capital came second, with average rents of £1,241 and a 9.6 per cent annual increase, with the South East coming a "distant" third, with rises of 2.2 per cent to £778.

But yields remained steady at 5.1 per cent in June, unmoved from the same time last year. Meanwhile, annual returns fell to 9.2 per cent in the year, down from 9.3 per cent in May - and 11.9 per cent in the year to the end of June last year.

However, Adrian Gill, director of Reeds Rains and Your Move, called yields "resilient".
“Resilient yields backed up by rapid rent rises are a boon for landlords in otherwise trying times. Though the Summer Budget threatens to eat into their profits, record rents should provide buy-to-let investors with some comfort: the fundamentals still make being a landlord an attractive proposal.

“The fact that rents have risen faster than house prices should reinforce that the primary source of a buy-to-let investor’s income is rent rather than capital gains – house price growth is a welcome bonus, but not the be-all and end-all of rental property investment. Meanwhile, with mortgage rates so low, there’s rarely been a better time to invest in new property.”

[dlku] 20/7/2015 11:40

bought a few

[albanyvillas] 13/7/2015 08:49

nice 250k buy


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