Search found 743 matches

by johnhemming
November 18th, 2019, 9:42 am
Forum: Taxes
Topic: HMRC Tax Forum
Replies: 18
Views: 1601

Re: HMRC Tax Forum

That won't change unless HMRC bans paper, which I doubt it will. HMRC will not as far as I know ban paper per se. However, for a Self Assessment return there will soon be a requirement to submit it electronically through a system which has an electronic audit trail. Those people with a turnover on ...
by johnhemming
November 16th, 2019, 5:58 pm
Forum: Macro and Global Topics
Topic: Labour promise free broadband- Openreach to be nationalised
Replies: 31
Views: 928

Re: Labour promise free broadband- Openreach to be nationalised

Having experienced running public and private bodies I am strongly of the view to minimise direct provision by the state.
by johnhemming
November 10th, 2019, 4:52 pm
Forum: Share ideas
Topic: Anyone for Marstons (MARS)?
Replies: 30
Views: 962

Re: Anyone for Marstons (MARS)?

Oddly enough I have Lloyds as well. The market sells uncertainty and I think it has over sold the stocks based upon the UK economy. Whether it has oversold them for a no deal brexit is unclear, but given that Johnson has decided to deliver what the ERG will vote for and ignore the DUP we probably wo...
by johnhemming
November 10th, 2019, 3:27 pm
Forum: Share ideas
Topic: Anyone for Marstons (MARS)?
Replies: 30
Views: 962

Re: Anyone for Marstons (MARS)?

Thank heavens for a voice of reason. Discussing individual companies is meaningless without context, and no-one ever mentions risk adjusted returns in these types of thread. There is an interesting article in this weeks IC quoting "Research has shown that 'risk' in a portfolio. which is the st...
by johnhemming
November 10th, 2019, 12:50 pm
Forum: Share ideas
Topic: Anyone for Marstons (MARS)?
Replies: 30
Views: 962

Re: Anyone for Marstons (MARS)?

There is an alternative perspective (one which I have) which is that it is sensible to have a portfolio of risk. There is always cash covered by the FSCS and land/property. Rental property can have a yield of say up to 7%, but there are currently tax issues anyway and hassle factors. Personally I re...
by johnhemming
November 10th, 2019, 9:40 am
Forum: Share ideas
Topic: Anyone for Marstons (MARS)?
Replies: 30
Views: 962

Re: Anyone for Marstons (MARS)?

I have some of these really as a value/income play. I see them as being relatively boring. If they are working on selling off the less performing pubs and using the cash to pay down debt that is a good thing which might give an improvement to the share price, but if the price maintains its position ...
by johnhemming
November 5th, 2019, 8:53 am
Forum: Mining & Metals
Topic: Ferrexpo (FXPO)
Replies: 3
Views: 897

Re: Ferrexpo (FXPO)

by johnhemming
November 4th, 2019, 4:49 pm
Forum: Beerpig's Snug
Topic: 3 Years already?
Replies: 4
Views: 733

Re: 3 Years already?

I was only really involved in the banking board at TMF. I would, however, say that TLF is a lot better and I thank the people responsible for setting it up and keeping it going. Although the moderators are criticised from time to time, in the end this is a private organisation and it is up to them t...
by johnhemming
November 3rd, 2019, 12:12 pm
Forum: Share ideas
Topic: Bags of potential in Shell RDSB?
Replies: 15
Views: 1164

Re: Bags of potential in Shell RDSB?

I think this is very big news indeed. It is obviously big news for the owners of the crackers and the people that work in them. However, given that fossil fuels are often the feedstock for many chemical productions I am not clear on how this would broadly impact the use of crude oil. I would think ...
by johnhemming
November 3rd, 2019, 11:23 am
Forum: Share ideas
Topic: Bags of potential in Shell RDSB?
Replies: 15
Views: 1164

Re: Bags of potential in Shell RDSB?

The forecast pe is higher, but that makes all sorts of assumptions. Otherwise I tend to agree with your conclusions and am interested in your comments.

The point about oil to chemicals is an interesting one. It is, however,not clear whether that would increase the usage of crude or reduce it.
by johnhemming
November 3rd, 2019, 9:17 am
Forum: Share ideas
Topic: Bags of potential in Shell RDSB?
Replies: 15
Views: 1164

Re: Bags of potential in Shell RDSB?

WTI bottomed at about USD 35 in January 2016. RDSB may have a forecast PE of 13 at the current oil price (and assumptions as to the future), but in the end particularly for the majors it is about the various oil prices. I don't know what price is break even for them. With the buy back back programme...
by johnhemming
November 2nd, 2019, 4:02 pm
Forum: Share ideas
Topic: Bags of potential in Shell RDSB?
Replies: 15
Views: 1164

Re: Bags of potential in Shell RDSB?

What affects RDSB is the oil price.
What affects that is the willingness of investors (particularly in the US) to invest in further oil production. My impression, which may be wrong, is that investment is being held back in the US which will result in prices picking up.
by johnhemming
November 1st, 2019, 11:26 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: Lloyds Interim Management Statement
Replies: 10
Views: 1097

Re: Lloyds Interim Management Statement

Having done reasonably well out of banking preference shares (as with many on the old TMF banking board) I moved into banking equity (inc LLOY) expecting a recovery and then we had the referendum which has held the whole market back and shares like LLOY even more so. I am still holding LLOY and I th...
by johnhemming
October 30th, 2019, 4:52 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: Added Micro Focus (MCRO)
Replies: 13
Views: 1107

Re: Added Micro Focus (MCRO)

The limit of PE of 12 applies to the screen. Hence it does not apply to any one specific share. This thread is about MCRO so I am referring to MCRO unless I specifically identify another stock. Sharecast have these figures for MCRO https://www.sharecast.com/equity/Micro_Focus_International Forecast ...
by johnhemming
October 30th, 2019, 3:22 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: Added Micro Focus (MCRO)
Replies: 13
Views: 1107

Re: Added Micro Focus (MCRO)

I set my limit as being below a PE of 12. I have slightly different figures on forecast dividend (lower) and cover (higher). Obviously I do concern myself with liquidity, but at times I buy into the minnows. My best deal in terms of substantial return was a minnow. Directors sales are always somethi...
by johnhemming
October 30th, 2019, 12:47 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: Added Micro Focus (MCRO)
Replies: 13
Views: 1107

Re: Added Micro Focus (MCRO)

I ran a screen in September looking at high yields with cover. MCRO and REDD both came up (because of profit warning driving the price down). With MCRO I saw directors selling and with REDD I saw directors buying. Hence I discarded MCRO and bought REDD.
by johnhemming
October 28th, 2019, 8:57 am
Forum: Mining & Metals
Topic: Ferrexpo (FXPO)
Replies: 3
Views: 897

Re: Ferrexpo (FXPO)

by johnhemming
October 27th, 2019, 9:37 am
Forum: Computers, TVs & Phones
Topic: Edge Issues
Replies: 6
Views: 751

Re: Edge Issues

I thought this was a really good decision by Microsoft (if a little embarrassing to them on a short term basis). I use some really advanced javascript functions and Edge almost invariably failed to cope to the extent that I have now changed some of the pages on my server to basically refuse to funct...
by johnhemming
October 27th, 2019, 8:39 am
Forum: Macro and Global Topics
Topic: Transition to Electric Car Endeavours
Replies: 77
Views: 5691

Re: Transition to Electric Car Endeavours

I have never really studied how the distribution network works. I have practical experience from working with my father who was an electrical contractor and a degree in Physics, although I specialised in Atomic, Nuclear and Theoretical physics although i do remember a bit about Maxwells equations. O...
by johnhemming
October 27th, 2019, 4:00 am
Forum: Macro and Global Topics
Topic: Transition to Electric Car Endeavours
Replies: 77
Views: 5691

Re: Transition to Electric Car Endeavours

There have been discussions as to what extent an installed base of battery powered electric vehicles can be used for maintaining power levels at times when they are attached to the grid. The difficulty, of course, is that they will generally be not attached to the grid at times when power demand dur...

Go to advanced search