ScrumpyJack’s Activity

Tue Dec 16

NL

Boards Post

ScrumpyJack replied to the Lloyds Banking Group plc board. 14:02

Re: GROUP EXCEEDS PRA STRESS TEST THRESHOLD

The 'Nightmare Scenario' included
Bank rate rises to 4.2%
CPI inflation peaks at 6.6%

That actually seem very very mild to me. In my lifetime we have had inflation at 27% and base rate of 17% (then called minimum lending rate back in [more]

NL

Boards Post

ScrumpyJack replied to the Equitable Life Support board. 13:56

Re: Insurance failings needing exposure, etc.

Surely the time has come for some sort of amnesty, with exit fees for pension plans older than, say, 10 years waived to give customers the opportunity of getting a decent-sized pension.

In theory that would be good, however it is not [more]

Mon Dec 15

NL

Boards Post

ScrumpyJack replied to the Tesco plc board. 19:10

Re: Prices higher than Sainsbury's

Whilst I'm on the shopping anecdote - I was rather surprised to find the local Tesco clean, tidy and very busy on a weekday pre-Christmas morning. With smiling helpful staff (I think I must have landed on another planet by accident) and [more]

Sat Dec 13

NL

Boards Post

ScrumpyJack replied to the Exchange Traded Funds (ETFs) board. 20:49

Re: VUKE dividend rate

The March VUKE dividend included the whole of the Vodafone Verizon special payment as a dividend. ISF treated some of it as capital and not dividend.

Fri Dec 12

NL

Boards Post

ScrumpyJack replied to the Equitable Life Support board. 18:51

Re: Insurance failings needing exposure, etc.

And in a mutual, policyholders have more control over expenses, commissions, and officers' level of remuneration than in public offices.

Not actually sure that is true. In a mutual, management tends to be a self perpetuating oligarchy [more]

Sun Dec 7

NL

Boards Post

ScrumpyJack replied to the Investment Strategies board. 14:59

Re: Forward real interest rates

In the bubble scenario that I can envisage, shares in these businesses would one day come to be purchased as a 'single decision' act requiring no thought or analysis, where the price paid became totally irrelevant, e.g. PERs perhaps > twice [more]

Sat Dec 6

NL

Boards Post

ScrumpyJack replied to the Investment Strategies board. 19:51

Re: Forward real interest rates

The market is always right

Except when it isn't

1637 Dutch Tulip Bubble
1720 South Sea Bubble
2000 Dot Com Bubble
and many more

[more]

NL

Boards Post

ScrumpyJack replied to the Investment Strategies board. 12:06

Re: Drip versus One Go Equity Investment

To lightly dismiss bonds with a 'they pay near 0% real' (little or no value) casual remark is to overlook the potential strong counter directional (portfolio volatility reduction) qualities that bonds can provide. As GS has demonstrated over [more]

Fri Dec 5

NL

Boards Post

ScrumpyJack replied to the Investment Strategies board. 20:22

Re: Drip versus One Go Equity Investment

The market is yielding about 3.4% at the moment, not massively expensive, but no way is it cheap.
(it would be cheap at around 5%)


The 3.4% is effectively net of basic rate tax, so equal to 4.25% gross return on other assets. It [more]

Thu Dec 4

NL

Boards Post

ScrumpyJack replied to the Property - Markets and Trends board. 16:59

Re: New stamp duty reforms

If you are talking about building on a big scale then you need schools, doctors, dentists, water, electricity, police, fire, hospitals, gas, internet, phone lines, colleges, shops, offices, places for industry, roads, trains, buses, car [more]

NL

Boards Post

ScrumpyJack replied to the Property - Markets and Trends board. 12:50

Re: New stamp duty reforms

<i.I don't think we can physically build enough to make any noticeable difference.

The building industry can adjust capacity rapidly to demand and house building is once again very profitable. The only problem holding back supply of [more]

NL

Boards Post

ScrumpyJack replied to the Property - Markets and Trends board. 12:48

Re: New stamp duty reforms

It was a masterstroke to frame it as a re-adjustment of the way in which the tax is collected while totally burying the revenue implications.

He didn't hide the revenue implications. He simply announced a change to bank taxation that [more]

Wed Dec 3

NL

Boards Post

ScrumpyJack replied to the Paulypilot's Pub - Share Ideas board. 09:10

Re: Thornton's

They've been down that route before (buy in new CEO who had been hugely successful elsewhere). John Von Sprecklesen was brought in in 2006 after doing great things turning round Budgens and then Somerfield.

Maybe it'll work this time, but [more]

Tue Dec 2

NL

Boards Post

ScrumpyJack replied to the Investment Trusts & Unit Trusts board. 18:44

Re: Personal Assets Quarterly Report

Its clear policy is to preserve wealth over the long term.

Interesting to look at their history, quarterly reports and portfolio. If I was being cynical I might think the policy was rather to have a nice paid sinecure managing a very [more]

Mon Dec 1

NL

Boards Post

ScrumpyJack replied to the Paulypilot's Pub - Share Ideas board. 19:52

Re: Thornton's

I'm not convinced. They have a very chequered record so far as financial results go and not many strengths. The brand is distinctly 2nd tier and they'll always have their margins squeezed by the big supermarkets. They are very small compared to their [more]

Thu Nov 27

NL

Boards Post

ScrumpyJack replied to the High Yield - HYP Practical board. 10:50

Re: Marston's (MARS) Prelims

Ian, not meant to be a criticism of you at all but the announcement did state the £50 m loss and I think it is certainly a highlight worthy of mention!

We all much appreciate your links to interesting announcements

NL

Boards Post

ScrumpyJack replied to the High Yield - HYP Practical board. 10:26

Re: Marston's (MARS) Prelims

Yes Ian, all looks quite rosy, but you seem to have overlooked the fact that in spite of all the good news highlighted by the directors, the overall bottom line was a £50 million LOSS. Loads of write offs, extraordinary items etc etc. I'm always [more]

Wed Nov 26

NL

Boards Post

ScrumpyJack replied to the Paulypilot's Pub - Share Ideas board. 18:30

Re: QPP

I can't see KPMG doing another audit so they'll probably need to get some others but they might be maxed out there as they've had about 3 already!

More likely they'll stick it out for this year (only 5 weeks to go to the year end). [more]

NL

Boards Post

ScrumpyJack replied to the Paulypilot's Pub - Share Ideas board. 16:10

Re: By eck lad

Apologies it is only Youngs that is AIM quoted!

NL

Boards Post

ScrumpyJack replied to the Paulypilot's Pub - Share Ideas board. 09:47

Re: By eck lad

All the supposedly safe shares I've bought in the last couple of years have plummeted anyway, so might as well have a flutter and IHT is looming large. Do I give it away and hope to live 7 yrs or buy AIM and hope to live 2?

A small [more]

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Boards Stats & Trivia

Big red star, 1000 posts
Board Posts 1149
Recs Received 4304
People who have rec'd these posts 965
Recs to Posts Ratio (last 30 days) 3.70
Threads Started 46
Threads Started Percentage 4.00 %
Most Frequent Board Equitable Life Support
Very First Post Re: Article: Whitbread Goes Teetotal (19/10/2000)
Percentage of Posts Rec'd 75.02 %
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