August 5, 201313 yr Author £1, all day, every day. I sold up as I can't see how they make any money. new bacon supplier?
August 5, 201313 yr I still kick myself for not jumping on Thomas Cooks shares at 12p a year back they closed at 170p today.
August 5, 201313 yr I still kick myself for not jumping on Thomas Cooks shares at 12p a year back they closed at 170p today. I'll bet some folk have made mega money on those shares. I'll bet Smiley bought some
August 5, 201313 yr I'll bet some folk have made mega money on those shares. I'll bet Smiley bought some Well I am stupid for not doing so, i worked for them for 6 years and got tipped off from ex colleagues that they had sorted the refinancing out before it went public. gutted isnt the word
August 5, 201313 yr I'll bet some folk have made mega money on those shares. I'll bet Smiley bought some I wish. Think they were 18p, so guessed that the horse had bolted after they'd risen 6p. Took some advice from within and opted not to bother. Given up with shares!
August 5, 201313 yr I don't think it will be too long before shares in construction/housing will start to rise fairly rapidly. Traditionally known as an industry that very much struggles in a recession but then really thrives above average when the economy picks up. If the economy is slowly starting to pick up as we are lead to believe then I think the industry and the share prices have probably reached their lowest and could soon start to pick up quite nicely over the next few years.
August 6, 201313 yr I wish. Think they were 18p, so guessed that the horse had bolted after they'd risen 6p. Took some advice from within and opted not to bother. Given up with shares! I remember us chatting about this at the footy last year and we were both gutted that we had not jumped on. In any case the plan would have been to sell at 25p, so at best I would have only doubled my money.
August 6, 201313 yr I can't remember the last time Lloyds actually paid a dividend. They'd need to increase twenty times in value before i even get my money back.
August 6, 201313 yr In any case the plan would have been to sell at 25p, so at best I would have only doubled my money. It's an interesting one, if you had bought at 12p, then selling at 25p would have been a great yield within a short period of time. If though you had been brave and thought about keeping them as you could see how quickly they were rising, I wonder at what point you would have started to twitch. Three, Four, Five or Ten times the value? - I normally set myself a value of profit I want to attain, be that a percentage increase or an actual £ value. With the Lloyds shares I have an actual cash amount of profit that I want to achieve (which is some rather spurious % gain) - I'm nearly there and just need the shares to hit £0.80p then I'll claw back my initial investment plus a bit of cash and then still leave a reasonable amount in just for interest. I've been quite lucky with shares so far, as I've never really lost anything, although no doubt that day will come one day. I know one bloke who lost in excess of £50K about 10 years ago when Ferranti when from about £12 per share down to scrap within about a 6 month period. He just didn't know when to get out.
August 6, 201313 yr I messed about with some shares couple of years ago. Couldn't be arsed in the end. Made about £600 in 7 months, sold them and retired to my mansion.
August 6, 201313 yr I know one bloke who lost in excess of £50K about 10 years ago when Ferranti when from about £12 per share down to scrap within about a 6 month period. He just didn't know when to get out. It's not always that simple though. When HBOS went into meltdown a lot of people got caught out because of the speed of the crash. I don't remember them informing the shareholders in their annual prospectus of the potential risks they were taking and the levels of bad debt they were accruing.
August 6, 201313 yr It's not always that simple though. When HBOS went into meltdown a lot of people got caught out because of the speed of the crash. I don't remember them informing the shareholders in their annual prospectus of the potential risks they were taking and the levels of bad debt they were accruing. I know it's not that simple. The thing is several of the Ferranti sites were trading with us at the time, and everybody we dealt with was saying that they would be bust within 12 months. The bloke I worked with was constantly in turmoil about when to dip out, he knew he would make a loss, it was just how much of one . When they stopped paying us and invoices were over 180 days old, we knew they would be gone within a month or two. This guy knew and his shares were already down to about £25K, he said he was going to sell them that week. He didn't get around to it and went on holiday. By the time he got back he had next to fuck all as they had been scrapped. He was off work for ages after that due to stress, as I think he needed the money for his pension of mortgage or something. He had actually bought the shares when they were almost at their peak, owned them around 6~9 months and then they had crashed. What a bummer. He is a Wolves fan though Anyway, I suppose the moral of the story is that he shouldn't have put all his eggs in the one basket.
August 6, 201313 yr If you aren't aware of the risks, stay well clear! This with bells on! Those South African Gold mines do not mine much Gold!!
August 6, 201313 yr It's easy to be wise after the event but banking shares were always seen as a solid investment. You would have needed inside information to know the sort of risks that the likes of HBOS were taking.
August 6, 201313 yr Indeed, eggs and baskets. I had a decent sum in Barclays, however, when they dropped I bought more, bringing my break even price down to 75p.
August 6, 201313 yr Indeed, eggs and baskets. I had a decent sum in Barclays, however, when they dropped I bought more, bringing my break even price down to 75p. Break even at 75p excellent given what they are currently trading at I was the same with Lloyds, when they hit 25p/26p a couple of years ago I waded in and bought more than I could probably afford at the time, that's now given me a break even of just under 46p
August 6, 201313 yr Indeed, eggs and baskets. I had a decent sum in Barclays, however, when they dropped I bought more, bringing my break even price down to 75p. That's exactly what i did with my HBOS shares, for exactly the same reasons. Shares that were effectively worthless since, unbeknown to the shareholders, the bank couldn't have continued trading without a massive bailout. Then they were taken over by Lloyds and the shares reissued for a fraction of what i'd originally paid for them.
August 6, 201313 yr TBH it's hard to have any sympathy, people were investing in them and taking the dividend without any real concern for where that was coming from. They could have traded forever had the sub-prime collapse not occurred. Had the US crackheads they were lending to repaid their mortgages... Same for people who put money into Icelandic banks because they were paying 0.1% interest more than UK banks.
August 6, 201313 yr TBH it's hard to have any sympathy, people were investing in them and taking the dividend without any real concern for where that was coming from. They could have traded forever had the sub-prime collapse not occurred. Had the US crackheads they were lending to repaid their mortgages... Same for people who put money into Icelandic banks because they were paying 0.1% interest more than UK banks. Why would people have any concern about where the profits were coming from? Shareholders elected a board to run the bank, not to run it into the ground. You don't risk the entire business in the pursuit of profit. It wasn't just the U.S. that were culpable either, banks over here were breaking their own rules to lend more money to people than they could ever hope to repay. Not even Lloyds, a previously stable and profitable bank, had any idea what they were taking on when they took over HBOS. They thought they were getting a huge share of the mortgage market, only to find out that a large chunk of the loans were effictively bad debts.
August 6, 201313 yr Lloyds got fucked over, that's for sure. Surely you'd know and be concerned with exactly where huge profits were coming from, ethically? Just seems naive to me that you'd put large amounts of money into an organisation you have no real understanding of. The board, as elected by the shareholders, did nothing fraudulent or dishonest. It collapsed, many companies collapse, you have your portfolia spread so that your loses offset your tax liabilities, surely? I think the bank shareholders were lucky the government stepped in, that they have something, and weren't liable themselves for the loses.
August 6, 201313 yr Surely you'd know and be concerned with exactly where huge profits were coming from, ethically? whatever happened to the Co-op being ethical?
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