ScrumpyJack’s Activity

Sat Sep 6

NL

Boards Post

ScrumpyJack replied to the Property - Markets and Trends board. 18:35

Re: Average home to cost £780,000 by 2040

If the average wage in 2040 is £267k, that means your savings and pension will be about enough to buy 1 crust of bread, you won't be able to sell your house because there'll be no sheltered or council accommodation left and all the retirement [more]

Fri Sep 5

NL

Boards Post

ScrumpyJack replied to the BP plc board. 13:25

Re: WHy yu should buy BP shares now

One good reason to buy BP is that today's Investors Chronicle recommends selling. As a long term subscriber it seems to me that doing the opposite of their recommendations has very often paid off!

Thu Sep 4

NL

Boards Post

ScrumpyJack replied to the Bert's Investor Sanctuary board. 18:28

Re: Drugs and sex downturn.

The problems come when inflation or debt growth get out of hand.

It so often has in the past. The pound has lost 95% of its purchasing power since I started work (ie you need £20 now to buy what cost £1 then) and that is [more]

NL

Boards Post

ScrumpyJack replied to the Bert's Investor Sanctuary board. 15:37

Re: Drugs and sex downturn.

ONS does not understand that the UK is basically a Wonga customer- borrowing more each time to pay current debt-we are still in recession as debt is increasing same as the deficit-insolvency in real terms,and if Scotland goes,the £ will be [more]

Mon Sep 1

NL

Boards Post

ScrumpyJack replied to the Bert's Investor Sanctuary board. 17:13

Re: The Musk endeavours

I just can't see Musk replacing Toyota/BMW/Ford any time soon.

You may be right but it reminds of IBM saying in 1943 there would end up being only 5 computers in the world.

[more]

NL

Boards Post

ScrumpyJack replied to the Bert's Investor Sanctuary board. 14:39

Re: The Musk endeavours

I've no idea if electric cars will beat fuel cells to be the dominant force but I suspect the current large car manufacturers will provide the mass market in whichever technology prevails.

Eh? Fuel cell cars ARE electric. Isn't the [more]

Sat Aug 30

NL

Boards Post

ScrumpyJack replied to the Tesco plc board. 12:25

Re: Trading Statement

Entering a price battle with the competition means enduring for a while much lower profits whilst at the same time keeping their lenders happy. It also makes strategic sense to tackle Lidl and Aldi head on on price now. It may discourage L & A [more]

NL

Boards Post

ScrumpyJack replied to the AstraZeneca plc board. 12:14

Re: AstraZeneca is a tougher target...

If Pfizer does come back, I suspect they would have to go significantly above their previous 'final offer' of £55 - possibly even higher than the £58.50 which Astra said they would consider.

58.5 is only 6.4% higher than [more]

Tue Aug 26

NL

Boards Post

ScrumpyJack replied to the Property - Markets and Trends board. 14:22

Re: Help to repossession?

I personally think that rates would only need to be raised to a level where they are still historically low to crash this property market, a now measly 5% would now decimate the UK property market

'Decimate' is to reduce by 10%, which [more]

NL

Boards Post

ScrumpyJack replied to the Bert's Investor Sanctuary board. 10:22

Re: the pitchforks are coming for us plutocrats

most arts and humanities degrees are already showing large negative rates of return upon their owners' investment and it's going to get a lot worse

That is bound to happen when you have nearly 50% going to 'Universities', instead of [more]

Thu Aug 21

NL

Boards Post

ScrumpyJack replied to the Tesco plc board. 11:09

Re: what is the true break-up value?

property undervaluation of £13.3bn

Difficult to get an accurate figure for this. A lot depends on the value of their big supermarkets and as they become less profitable, so their capital value declines.

Also on the [more]

Wed Aug 20

NL

Boards Post

ScrumpyJack replied to the Bert's Investor Sanctuary board. 18:27

Re: All dividends reinvested

This (2014-15) will be my first year of including serious trading income in my tax return and I am dreading the exercise of working out the CGT on something in the region of a thousand futures trades.

HMRC may well take the view that [more]

NL

Boards Post

ScrumpyJack replied to the Tesco plc board. 15:16

Re: Whats really wrong with Tesco

Presumably you therefore assume all communications from all companies are lies? How do you judge what shares to buy on that basis?

Unfortunately I would say that at least 50% of Company announcements are misleading and not the [more]

Tue Aug 19

NL

Boards Post

ScrumpyJack replied to the BHP Billiton PLC board. 13:28

Re: UPDATE ON PORTFOLIO SIMPLIFICATION

I hope somebody senior is thinking about keeping the retail investors on board by having straightforward processes in place.

Of course they will, anything to generate fees for the investment bankers.

Thu Aug 14

NL

Boards Post

ScrumpyJack replied to the Bert's Investor Sanctuary board. 15:23

Re: All dividends reinvested

Do you know the only thing that gives me pleasure? It's to see my dividends coming in.
Remark to a neighbor, quoted by John Lewis in Cosmopolitan (1908)


Rather a sad thought! Camels and Eyes of Needles come to mind, though I'm an [more]

NL

Boards Post

ScrumpyJack replied to the Bert's Investor Sanctuary board. 14:12

Re: All dividends reinvested

I've never been a fan of dividends.

I've always been a fan of sustainable dividends. that doesn't mean buying a share with a high dividend, but one with a well covered one and where I think the business model means they will prosper [more]

Sat Aug 9

NL

Boards Post

ScrumpyJack replied to the Tesco plc board. 21:03

Re: Tesco in shock rise!!

Isn't the technical term for this 'Dead cat bounce'!

Tue Aug 5

NL

Boards Post

ScrumpyJack replied to the Bert's Investor Sanctuary board. 13:10

Re: MH 17

Now imagine how relaxed about this the US would be, would they annex part of mexico that had until 50 years ago been part of the US ? would they do their darnest to get rid of the soviet back thugs that had siezed power by force ? (after a deal [more]

NL

Boards Post

ScrumpyJack replied to the Tesco plc board. 08:46

Re: Has the market really changed?

Quite right that Tesco has steadily drifted away from the formula that made it successful (Pile it high and sell it cheap) and with the recession the s*** has hit the fan.

A lot of the problem is that they have let costs get out of control. [more]

Fri Aug 1

NL

Boards Post

ScrumpyJack replied to the GlaxoSmithKline plc board. 21:38

Re: Liberum negative note

in 2007 debt was around 30%. its now around 200% .


Its been used to pay dividends not earned by real eps!

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Boards Stats & Trivia

Big red star, 1000 posts
Board Posts 1095
Recs Received 4178
People who have rec'd these posts 944
Recs to Posts Ratio (last 30 days) 4.00
Threads Started 45
Threads Started Percentage 4.11 %
Most Frequent Board Equitable Life Support
Very First Post Re: Article: Whitbread Goes Teetotal (19/10/2000)
Percentage of Posts Rec'd 75.07 %
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