Your argument would stand up if we were mirroring the inflation rate of other advanced economies, we are about double the average. He presided over a zero rate interest rate policy coming out of Covid when we there were supply side constraints and overwhelming demand, you couldn't even book a restaurant table and meanwhile the housing Market stepped into overdrive with its ( now) knock on effects on rental and housing costs. These were school boy errors of the first order. |
So, what would you have had him do in the face of a global energy spuke and widespread shortages? Surging demand was never the problem. Best they could have hoped for was to limit imported inflation by keeping £ firm and this they have done after allowing for the Truss debacle and, even in that, the BoE orchestrated the end of Truss by ending Gilt support programme. He/they brought down a rogue Administration that would have impoverished us all - but he can hardly say that |
Bailey is beyond hopeless he has missed the 2% target by 200% since he took over. ( 20% inflation against just over 6% targeted). We would now need 6 years of zero inflation to get back to where we should be. The least they can do is take away his index linked pension, let him have one that goes up 2% each year. Maybe then he might take the 2% target seriously. |
I experienced Bailey in the ECN saga when he was head of FCA. It beggers belief how such hopeless people get these top jobs
Anyway sold some Jlen and added here |
Him and the government both countable. Billions of pounds wasted in these business loans, that have never been paid back. Some folks only had small market stalls but still could get upto 50k a per business. No wonder a few months later, loads were filing for bankruptcy. They didn't even bother checking these properly and were giving them 50k within 74 hours. Now the rest of us are having to pay up for the mess with increased taxes like capital gain threshold reductions etc etc |
Andrew Bailey's complete incompetence at printing money whilst interest rates were at zero during a post Covid boom now coming home to roost I'm afraid.One and two year cash fixes now approaching 5% and rates are not coming down when we have the worst inflation record of any advanced world economy. Why take the Equity risk when cash is almost matching the best dividend payouts.
How the hell Bailey has the gall to claim it is not his fault. He has done the worst job of any public figure ever |
I was hopeful of a run towards 135 ahead of ex divi in a week but with wider market issues I am not so sure now.
Good luck all 👍🏻 |
These are lagging way behind UKW now. Big Director buys, give UKW holders more confidence. I hold both for the record... |
It will just be a reaction to potential gilt yield rises, increased cost of capital, plus some economic contraction which has sent most prices down |
Fund redemptions? This is a closed end investment trust |
Probably fund redemptions, they will be forced sellers because their clients are panic selling.. opportunity for those with spare cash... |
What's causing the fall here?Much weaker than other renewables currently are. |
The gilt rates are a reflection of the total failure of the MPC to control inflation. They stoked inflation after lockdown with zirp. Totally unnecessary, the economy was in overdrive and there were supply side constraints, unbelievable school boy errors, Bailey. You couldn't even get a table in a restaurantsuch was the demand. Mann was probably the only exception of sense on the Monetary Chumps Committee. They have left us with sticky inflation, high house and rent prices and wage demands. They should by and large be sacked.
We have the worst inflation record of just about any advanced economy. The Chumps have missed the 2% inflation target by 50% over the last 20 years. BOE have lost all credibility.
The sheer brass neck of the Committee, to blame all this on Truss, that's already worked its way out. It's you BAILEY that needs to fall on your sword. |
I agree nerja that higher fixed income rates mean risk off is becoming more of a go to over equities.
Like with most things in life there needs to be a healthy balance which is why I am happy to hold here and add a bit on a dip to 120 if it happens. Hopefully it wont and we can push on to 140 though 👍🏻 |
I think the gilts rates going up has a follow on effect for the bond proxies, all mine have come of some, the higher the divi they pay it seems the less they have fallen over the week. Trig and Ukw have what appears the lowest divi of the group so that may explain it. The real question is how high are the rates going up to, if it goes to 5% on a gilt why take the risk of only 5% on these is probably the thinking. |
Yes they were OK, but something spooked both UKW & TRIG this afternoon.
Maybe a Brokers note knocked them back. Both will do well long term. |
Ukw results looked ok to me? 13% increase in dividend as well. |
I bought yesterday on the back of excellent results at 130p as it looked range bound between 130p & 140p
I think this fell today as the Markets were less keen on today's results from UKW, which also fell.
Happy to hold TRIG and collect the dividends and in time I'm sure this will reach 140p |
Must be fund outflows again, no reason for these to fall... |
Bought today @ just under 125.4; on the slight dip despite very good results. |
Yes very positive figures and great to see a solid divi becoming even better 👍🏻 |
5% increase in dividend on the back of a 115% increase in earnings per share. Solid. |
5% increase in the dividend, big jump in EPS. These continue to look a solid share to have in your Portfolio... |
Results out in the morning. Expecting to see a solid rise in share price here after upticks in NAV, profits and dividend tomorrow. |
Ic interview. |
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