crashmonitor
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Posts posted by crashmonitor
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9 minutes ago, Maximus Skepticus said:
2018...The year the emperor realised he had no clothes?
The brokers could see the clothes on the Emperor. Micro Focus International rated as neutral to strong buy at the weekend.
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7070, not showing signs of a rally yet.
Got to dent confidence when the UK's biggest tech giant can just lose 55% in minutes......
http://www.bbc.co.uk/news/business-43457024
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Carnage continues on the FTSE 100 led by Micro Focus International, a not insignificant eight billion market cap reduced to three billion in minutes. It's been the year of the flash crash, no share is safe.
Got stop losses, forget it, nothing can stop these events. I reckon at least 10% of the index has been hit by flash crashes in the last year.
Micro focus international -55%...
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1 hour ago, TonyJ said:
And they have earthquakes...
Well may be there is method, build something with a single skin and a tin roof that resembles a mobile home and come the quake it is easily replaced.
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21 hours ago, jonb2 said:
I normally detest most Tories. Here is a shockingly good talk by one, Steve Baker MP, from nearly 4 years ago. The most shocking thing is he 100% nails the problem of money today - the chamber is nearly empty and nothing has been done since he made his points. WHY?????????????????
Please watch it.
Apologies if this has been posted before
He emptied half the chamber as soon as he mentioned the word QE on both sides of the house. I guess property is the investment of choice there, it's about the only thing Tories and Labour agree on.
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17 minutes ago, wish I could afford one said:
Good point about relieving you of it during a crisis although I could only imagine the carnage if they started taking sums up to EUR100,000. Will be interesting to see if UK PLC keeps that protection post Brexit but that's for another thread.
Always a worry when you have worked decades for money and there is a prospect of it going up in smoke. I have come to the conclusion that post 2022 under Jezza C the only assets left standing will be public sector final salary schemes and houses especially in Islington.
That's most of us on here f$$ked then.
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Just looked at some stats. NZ has 7% of the population of the UK, the land mass is greater, the per capita GDP is slightly smaller than the UK (96%) and the build quality of houses would by and large fail UK standards...kit built comes to mind.
NZ houses are significantly higher priced than the UK at 446k US dollars on average ( one million US dollars in Auckland). ( November 2017)
We've got a problem, they have too by the look of things.
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On 17/03/2018 at 11:32 AM, anonguest said:
The operative word being 'try'. The flaw in that idea is that, mostly(?), in such countries there is a relative lack of law and order of the sort we are used to and abundance of corruption in the authorities.
The women might be nicer though?
I agree, don't take a chance on the Third World or anything less than a developed modern economy. There will be a lot of hidden taxes not least the initial transaction tax to buy a house. You will be surely seen as a cash raising cow for the impoverished indigenous population and your legal rights to the property and personal safety will always be at risk.
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UK economy seems at its most precarious for some time. Construction appears to be falling off a cliff with house sales, retail seems to go from crisis to crisis and we are in the midst of messing up Brexit causing general pessimism.
Yet the MPC still keep making noises about satisfactory progress and moves to normalise rates, which suits us naturally. I don't understand their thinking anymore. From 2012 through to 2016 our economy outgrew most developed major economies and we were supposedly on the critical list. Now things appear to be failing they are happy with progress.
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26 minutes ago, papag said:
Wonder why the councils don't say on the bills the amount going towards their past and future pension liability's 35/40% ?
RK, remember him, once made a reasonable point to me that all these final salaried local Government employees cost less in retirement than the ordinary retired because they were excluded from the gamut of goodies other pensioners claim like full council tax relief, full housing benefit etc. I guess he had a point and tbf they had contributed something to the schemes that excludes them from retirement welfare.
Of course, if you are neither in receipt if one of these State subsidised packages nor likely to claim welfare top ups in retirement tough, I don't think you exist, neither the Tories nor Jezza will give you a mention in their manifestos.
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Snow about the same depth as "the Beast", seven inches today. Only this time didn't get our car parked near a main road, not that we were needing it today. But may be struggling tomorrow and beyond. Didn't look like it was happening yesterday.
CET still 0.2c above the 1960-1990 average for 2018 to 16th March. Just forgotten how cold it used to be. The old definition of Winter..21st December to 20th March looking a bit more appropriate this year.
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Plenty of demand for social housing, so long as they go to people in employment.
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12 minutes ago, spyguy said:
Nope.
Borrowing loads of money to horde land.
The real problem is price of that land, creating multi-millionaires out of the former owners. Housebuilders only generally have enough land to ensure business continuity. You can't just finish a project and then look to buy land without laying off thousands of workers.
If builders were hoarding excessive land in a downturn they would go bust and deservedly so. Only the farmers who sold at top dollar would be laughing.
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2 minutes ago, Ash4781 said:
It looks like they are preparing to go back into slumber mode. More market interventions please !
Building houses beyond the demand is a great way to go bankrupt. Taylor Wimpey came close in 2008 so I guess you can't blame the builders. Let's face it if any Bear on here was a CEO of a house builder we would be battening down the hatches too.
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1 hour ago, Barnsey said:
Worth adding that it's a 25 min walk to the nearest railway station, and when they build the new northerly runway at Heathrow, you'll be directly under the final approach/initial climb flight path
That's bragging rights isn't it, I live under the Heathrow flight path. Conjures up images of well heeled Nimbys living in what is regarded as one of the better parts of West London.
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55 minutes ago, sexton said:
Moor a short narrowboat and rent it out for £600 a month.
I mentioned earlier that some residents of Jericho probably made more money on their terraced houses than some of the Morse stars did in their acting careers.
Susan Penhaligon comes to mind, who was Britain's answer to Bridget Bardot in the 70s, she now lives with her adult son in a narrow boat and is a campaigner against mooring fee rises in Westminster. Could be a lifestyle choice as opposed to having a financial aspect to it, of course.
But your welfare in Britain 2018 is about where you live as opposed to what talent you have or had. And Westminster council tax is apparently a fraction of mooring fees.
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9 minutes ago, Option5 said:
But remember, the price includes everything, even the good taste cars.
I didn't realise that all that bric-a-brac, statues and car projects were included. That is seriously delusional if the vendor considers it is worth a half million addition to the asking price because in reality they are worth nothing...a house clearance liability in fact.
It almost looks like a bit of a send up and isn't real. Houdini?
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2 hours ago, Houdini said:
I'm going to post this here even though its in the States as its too good for offtopic...
https://www.realtor.com/realestateandhomes-detail/450-W-Grixdale_Highland-Park_MI_48203_M37779-89409
Scroll through the photos.
Well as it's Detroit it makes most of the UK look cheap. This would not go down well in the UK, especially the cladding on the walls and ceilings, and if you aint got no cladding just stick carpets and rugs on instead. 100k tops for a Detroit equivalent area here in the north.
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12 minutes ago, TonyJ said:
Yes, but most people prefer their murders to be middle class and aspirational, and with a pretty back-drop.
Yep a two bedder in Jericho for 950k or this manor house in Morpeth in the North East. No contest, I want to live the Morse dream.
http://www.rightmove.co.uk/property-for-sale/property-64429096.html
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Just now, Option5 said:
Funny that other cop show "Ashes to Ashes" didn't do the same for Manchester, Gene Hunt was at least as charismatic as Morse
Vera has the same effect on me re. the North East, five minutes of council estates, tough Geordies and working men's clubs and I am feeling a bit depressed. Shame because some of the countryside is quite nice.
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19 minutes ago, TonyJ said:
I think Morse has has something to do with Oxford's meteoric HPI. He makes it look 'London-like' and more interesting than I expect it is.
Yep I agree. Morse was very flattering about Staveley's house in Canal Reach, Jericho in this episode. Basically I think he was trying to bed her and failed as usual.
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11 minutes ago, longgone said:
anyone got some prozac
Patience, the next novel that Jericho spawns will probably be called the Undead of Jericho with reference to the Zombie mortgagors.
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On 07/02/2018 at 3:21 PM, houseface2000 said:
I agree with this. Oxford really is at heart a very average town. Quite blue collar really. The centre has nice grand old buildings on a few streets, some nice green space and Jericho has a great atmosphere and a smattering of nice pubs but that really is it. In no way does it justify the prices. Local wages are very low and I imagine prices will adjust downwards to account for this. Btl and London money has sent prices to high imo. Completely unsustainable!
I think Joshua would be floored by the miracle of Jericho, because the walls aren't falling down yet.
Prophetically it was referred to in Colin Dexter's fifth Morse novel of 1981 (and the first to be televised in 1987), The Dead of Jericho, as an up and coming area. Though Morse counsels an aspirant middle class incomer Ann Staveley, played by Gemma Jones, that Jericho was a dangerous place in his youth. Indeed it was largely built in Victorian times for poor industrial workers and was a place of vagabonds and brothels back then. In the Morse, the old Jericho is represented by Ann Staveley's neighbour and petty criminal/ odd jobber played by Patrick Troutman.
In the real world though who needs talent. I'm sure there is more money to made from a two up two down in Jericho than Gemma Jones ever made from her thirty-one episode global television smash, the Duchess of Duke Street from the mid seventies.
It is a two up two down btw (not a three bedder). The fictional "Canal Reach" 2018.......................
http://www.rightmove.co.uk/property-for-sale/property-64198234.html
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What/who will collapse first in 2018
in House prices and the economy
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Things didn't look that bad for Accrol back in April...God knows what they have been up to. The Balance sheet was far from precarious with working capital and long term debt cancelling each other out leaving net assets of 50 million..20 million in plant and property and 30 million in intangibles. Most of these nut jobs have net liabilities once you exclude intangibles.
It now trades on a price to earnings of less than two and a price to book of 25% with regard to the April accounts. Only 13 million in Market cap remains after todays -63% slaughter.
Clearly it isn't going to get close to last year's results and presumably the 50 million assets have just gone up in smoke too.