Shares in the current climate

tradetime

I think Rio have a large amount of debt (though may be wrong).

AFAIK they have about $38 - 40 Billion from a credit facility they took out to acquire Alcan in 2007

bitterSTAR

mrposhman wrote: »

bitterSTAR, I'm also only a recent convert to shares (been doing it about 3 months now so hardly experienced) though for me, I read comments on sites such as www.iii.co.uk for the shares I like the look of to see what the sentiment is like. I also read the magazines shares and the investors chronicle for some tips too but utlimately I look at my own research.

I've opened a share dealing account at www.iii.co.uk and they have offered 3 free share trades this month (as I have yet to start using the account) I will also be getting the investors chronicle.

I like to hear people's recommendations or opinions, as I like to hear the reasoning people have bought certain shares. There are guys at work who have invested in Borders and Southern, and Empyrean Energy - both of which I have been considering amongst others.

Thanks for your posts, I appreciate you taking your time

mrposhman

bitterSTAR wrote: »

I've opened a share dealing account at www.iii.co.uk and they have offered 3 free share trades this month (as I have yet to start using the account) I will also be getting the investors chronicle.

I like to hear people's recommendations or opinions, as I like to hear the reasoning people have bought certain shares. There are guys at work who have invested in Borders and Southern, and Empyrean Energy - both of which I have been considering amongst others.

Thanks for your posts, I appreciate you taking your time

Clapham House has also been one thats been recommended in the magazines recently. They are the strongest of the restaurant brands and could be due a bit of upside - maybe 20-30% apparantly - or they may get a takeover bid which would provide a premium so may be a good bet. I'm considering investing in these but have no shares as yet. Got to sort getting out of Lloyds at a half decent rate (ie. hopefully at breakeven) - fingers crossed that the new bank stimulus will help and push the SP up tomorrow, though to break even I need about a 30% jump so probably unlikely

bitterSTAR

mrposhman wrote: »

Got to sort getting out of Lloyds at a half decent rate (ie. hopefully at breakeven) - fingers crossed that the new bank stimulus will help and push the SP up tomorrow, though to break even I need about a 30% jump so probably unlikely

Atleast you didn't choose Barclays - you'd be down by a lot more!

bitterSTAR

mrposhman wrote: »

I think Rio have a large amount of debt (though may be wrong).

As soon as I looked at Rio Tinto's accounts, that was the first thing I noticed!

Thomas99

97trophy wrote: »

I can't see RBS shareholders every seeing a penny of their money again.

It's me and you mate, our a-hole pensions are (were) invested in this tripe

sabretoothtigger

'in the past' doesnt work when considering once in a lifetime events.

If you buy into banks once you might need to reinvest later also, just a one time purchase hoping for profit is about as risky as it gets imo

Taking share tips from an internet forum is an awful strategy.
Form your own opinions from your own reasoning and take information and strategies only in general from others I recommend

MimiJane

Fine if you can afford to wait (years?) to maybe make some sort of profit!

If you're thinking of buying shares, maybe consider those with a decent dividend, e.g. BT, though these are not cheap and of course there are no guarantees they'll recover ...

All in all, it's a huge gamble, as of course putting your money anywhere is at the moment :rolleyes: