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Credit deflation and the reflation cycle to come (part 3)

spunko

By spunko
in Property Prices & Economy

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Bricks & Mortar

Bricks & Mortar

Posted
Posted
14 minutes ago, Hancock said:

Still got a bit to go.

image.png.af252ff8e1e4dd4517321a2eb977e1d8.png

Nah its because its a ball-ache getting out to certain countries with jabs, PCR tests, and having to quarantine.

Visas can also be a hassle, sometime jobs just go on longer than planned.

120 days at say 500/

9 minutes ago, Loki said:

Are they preparing for a big maintenance job?

/700 a day means he has one over on the taxman!

PS he's probably watching Indians working flat out, whilst pointing at things with a clipboard in his hand.

 

He is watching Indians with a clipboard, right enough.

I'll probably not get the full story until he gets home.  Don't think it's maintenance.  Just a shutdown and send all workers home.

They did get into trouble last winter with quarantines, and positive tests in quarantine, leading to difficulties with shift changes.  They ended up shutting down completely for a few months.

I'm just surprised they're planning for that again before it happens.

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Phil

Phil

Posted
Posted
4 hours ago, HousePriceMania said:

Clearly DBs assertion that the government is going to spend big on infrastructure is going to happen.

Does anyone have any thoughts on:

1. Kier

2. Balfour Beatty plc

3.  Mitie Group PLC

4. Keller Group

5. SkanSka

6. HOCHTIEF

7. Vinci

8 Saipem

9. Strabag

10. ACS

Is there any of them that should definitely be ignored ?

Some 4% ish dividends in there. 

Majority of that list have inept management. Amazed kier for example are still trading. Shower IMO. 

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Bricks & Mortar

Bricks & Mortar

Posted
Posted
11 minutes ago, Cattle Prod said:

Loss of pressure in the reservoir, needs a rest? If it's Oman those gas reservoirs also have low perm connectivity problems.

It is Oman.  And it's an old field, old plant.  That makes sense.

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Option5

Option5

Posted
Posted
23 minutes ago, Cattle Prod said:

Loss of pressure in the reservoir, needs a rest? If it's Oman those gas reservoirs also have low perm connectivity problems.

Plenty of tight gas in Oman. Haven't BP got a lot of it?

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Bobthebuilder

Bobthebuilder

Posted
Posted
1 hour ago, leonardratso said:

ive got some tight gas at the moment if anyone wants to bid for it. May contain nuts.

I have wanted to post this for ages, I always get reminded of this video when you technical guys get chatting about charts, candles and stuff. Always want to ask, "Woopy-doo, what does it all mean, Basil".

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jamtomorrow

jamtomorrow

Posted
Posted
12 hours ago, DurhamBorn said:

Thats why i never invest in those type of companies.Get one right after its smashed you can make good money,but seems they take on huge risks for tiny margins.They always strike me as companies who make good money for their staff and directors,but not for shareholders.Its an industry where they all know the game as well and if a company goes down they just join another one.

Upstream producers of building materials are a better bet - you get two bites that way, one from pricing power in an inflation, and then a second bite from the Government tit.

Example in the UK: CRH. Through their various subsidiaries (e.g. Tarmac), they're the largest producer of quarry products, and in an age of collapsing global logistics and Government-sponsored spades in the ground, I *really* want a piece of that pricing power.

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Majorpain

Majorpain

Posted
Posted
1 hour ago, jamtomorrow said:

Holy moly

 

BK worthy, and makes it clearer why Musk is bailing from Tesla now.  Not too many people are going to able to afford £60k Tesla's if these blow.

 

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HousePriceMania

HousePriceMania

Posted
Posted
13 hours ago, Phil said:

Majority of that list have inept management. Amazed kier for example are still trading. Shower IMO. 

Thanks, I'll steer clear.

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ThoughtCriminal

ThoughtCriminal

Posted
Posted

I know theres a few sat in cash on here and having FOMO worries, Charlie Munger quotes on waiting for the right deal:

 

"It takes character to sit there with all that cash & do nothing. I didn’t get to where I am by going after mediocre opportunities."

"The way to get rich is to keep millions on your checking A/C in case a great deal comes along."

 

Although its worrying that he doesnt consider millions in your checking account to be rich. 😒😂

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DurhamBorn

DurhamBorn

Posted
Posted
1 hour ago, Harley said:

Uranium miners on a tear yesterday.  Three up over 10%.

I would of four bagged a five figure sum from last March in the ETF URA that iv bought and sold many times over the years,that is until the EU banned me from buying it for my own protection so i could by EU bonds instead.Of course those stupid rules havent been removed even though we are out of the EU.That,COPEX and KOL ,but KOL has gone now.

Noticed Abrdn xD might be buying II to challenge HL.I think the sector is in play,M+G might be in Schroders sights as well.We need the platforms to provide access to more markets because they seem to be making it harder and harder,of course because they want people in funds.

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Harley

Harley

Posted
Posted
1 hour ago, DurhamBorn said:

I would of four bagged a five figure sum from last March in the ETF URA that iv bought and sold many times over the years,that is until the EU banned me from buying it for my own protection so i could by EU bonds instead.Of course those stupid rules havent been removed even though we are out of the EU.That,COPEX and KOL ,but KOL has gone now.

Noticed Abrdn xD might be buying II to challenge HL.I think the sector is in play,M+G might be in Schroders sights as well.We need the platforms to provide access to more markets because they seem to be making it harder and harder,of course because they want people in funds.

Geiger and Sprott have me covered for miners and physical. Long term holds.

Geiger up 90% but ran away from me so I missed more ladders.  Might go in on a pullback as it either will do that to complete the current cup and handle or it has already done that and is in its final blow off. 

Sprott has also been good.  I like the chart pattern so again will add on weakness.  May be pulling back now as part of a cup and handle in which case more to come.  Or again, in a completion run which often ends badly.

Hopefully gold and silver will follow through in the same ways.

I hold Abrdn long term and was reviewing it yesterday.  A good yielder.  I sold down prior to the last fall.   Bounced hard on the daily and getting close to a confirming signal on the weekly.  Monthly also may be on the turn.  I'm waiting for these to play through, or not.

Yes, other plays (internationally), not just on M&A which I never considered.  Some insurers such as ADM looking well beaten up too so it will be interesting to see what's next.

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belfastchild

belfastchild

Posted
Posted
12 hours ago, Hancock said:

Bezos, richest man on earth ... is a fucken  cuck.

 

I quite literally bumped into him one day when I was somewhere I shouldnt be. A lot shorter than you would think, any wonder hes usually pictured standing alone.
Although in that video DeCaprio seems to be standing on something (never met him but dont know).

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Heart's Ease

Heart's Ease

Posted
Posted
5 minutes ago, DurhamBorn said:

https://www.telegraph.co.uk/investing/shares/now-time-invest-fossil-fuels/

Of course i would say a year ago was the time to invest like we did,and for all the reasons stated.My dads take is "they" must of bought all their positions now so can take the lid off.He is probably right.

 

 

Wow. One big run up in oil shares to come on top of what we've had already? Pension schemes buying back in?

My mind is boggling.

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