ScrumpyJack’s Activity

Yesterday

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Boards Post

ScrumpyJack replied to the BHP Billiton PLC board. 16:47

Re: Operational Review

Doing a splendid job ramping up production as demand and hence prices fall. Not a very clever strategy?

Sat Oct 18

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Boards Post

ScrumpyJack replied to the Tesco plc board. 18:51

Re: Sum of the parts?

Quite right Speso, but Tesco's core business is not loss making (as far as we know!), it just isn't making as much as it used to.

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Boards Post

ScrumpyJack posted to the Tesco plc board. 13:43

Sum of the parts?

Tesco currently has a market value of £14 bn.
It is interesting to add up the values of all th e'non core' businesses that Drastic Dave could dispose of.
If you take the mid range value of the ones listed in todays Times, they are worth [more]

Tue Oct 14

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Boards Post

ScrumpyJack replied to the Ask A Foolish Question board. 18:49

Re: Scott Handling Assocaites

I'd go for the Coutts hands and promise each and every time.

I wouldn't touch either with a bargepole!

Wed Oct 8

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Boards Post

ScrumpyJack replied to the Tesco plc board. 09:57

Re: Does Tesco need rights issue?

A rights issue isn't just to raise cash for capex but can be used to pay down (expensive) debt. That may be the case with Tesco.

Tesco does not have expensive debt (at present). If it were to breach its covenants, there might be a [more]

Mon Oct 6

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Boards Post

ScrumpyJack replied to the Exchange Traded Funds (ETFs) board. 15:40

Re: VUKE

As discussed on this board previously VUKE treated all the Vodafone Verizon proceeds as dividend in the first quarter of this year (other ETFs like ISF did not). This means the historic yield is distorted by over 3%!

Sun Oct 5

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Boards Post

ScrumpyJack replied to the Selftrade Products & Services board. 14:27

Re: Eggs and baskets

I use 4 brokers. TD Direct, Barclays Stockbrokers, YouInvest and Selftrade, the latter 2 being for Sipp and ISA.

It is a fallacy that only your cash is at risk because even though the underlying investments should be held by nominees it is [more]

Sat Oct 4

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Boards Post

ScrumpyJack replied to the Tesco plc board. 17:49

Re: Does Tesco need rights issue?

Given that the business is shrinking rather than expanding (so needing less rather than more capital), that they have already announce a 75% cut in the dividend, that there are numerous 'non-core' businesses they can sell, and that supermarkets are [more]

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Boards Post

ScrumpyJack replied to the Value Shares board. 10:35

Re: Sector Asset Play - Supermarkets

Credit where it's due, Aviva did go on to recover

Hmm, depends where you start from. The SP was well over twice the current level 12 years ago. At the moment it's a good dead cat bounce, but lets hope it turns into a recovery!

Thu Oct 2

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Boards Post

ScrumpyJack replied to the Exchange Traded Funds (ETFs) board. 20:11

Re: 4 More Vanguard ETFs

perhaps vanguard are managing more a bit money than you, and there are some economies of scale.

and being a mutual they don't work on the basis of having to make a return on capital of at least 30% (probably a lot more for most [more]

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Boards Post

ScrumpyJack replied to the Tesco plc board. 18:55

Re: So why not sell?

The reason I am persisting with this is that, should (and I know it might not happen), but should the SP fall to 150p in the next couple of weeks/months than a 30% bounce from there puts it to 195p in 3 years.

and should the share [more]

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Boards Post

ScrumpyJack replied to the Tesco plc board. 10:23

Re: So why not sell?

The reason I wouldn't sell now is that I think in 3 years time the SP will be significantly higher than 180p. It may or may not go lower in the meantime, but I think Tesco has a lot of underlying strengths and in a battle between the big boys they [more]

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Boards Post

ScrumpyJack replied to the Tesco plc board. 08:59

Re: So why not sell?

My main point was for stock holders here to questions why they would continue to hold the stock, given that almost certainly the original criteria to owning the stock no longer applied.

Put it the other way round, Why sell now? The [more]

Fri Sep 26

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Boards Post

ScrumpyJack replied to the Exchange Traded Funds (ETFs) board. 20:30

Re: VUKE vs FTSE 100

I asked the ISF managers how the VOD distribution was to be treated (Income vs Capital) before the VOD dividend was paid. They said they could'nt say but would treat it as specified by the FT100 index managers in due course. Looks like Vanguard [more]

Thu Sep 25

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Boards Post

ScrumpyJack replied to the Exchange Traded Funds (ETFs) board. 20:52

Re: VUKE vs FTSE 100

It's down to the treatment of the Vodafone Verizon cash. VUKE paid it all out as a divi whilst ISF (and the FT100) did not but seem to have treated it much more as capital

Sat Sep 6

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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

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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

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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]

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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

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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]

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Boards Stats & Trivia

Big red star, 1000 posts
Board Posts 1110
Recs Received 4227
People who have rec'd these posts 949
Recs to Posts Ratio (last 30 days) 4.90
Threads Started 46
Threads Started Percentage 4.14 %
Most Frequent Board Equitable Life Support
Very First Post Re: Article: Whitbread Goes Teetotal (19/10/2000)
Percentage of Posts Rec'd 74.95 %
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