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FTSE100 falling fast!

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Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    ess0two wrote: »
    I,ve just bought into shell b at 19.45 today.I may regret it Monday.

    Why buy Shell at the current time?
  • experience08
    experience08 Posts: 223 Forumite
    Thrugelmir wrote: »
    Why buy Shell at the current time?

    YES, the Nigerians are going to nick your money in a couple of months :p
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
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    The Dow Jones Industrial Average finished up 60.93 points, or 0.54 per cent, to 11,444.61.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    HAMISH_MCTAVISH wrote: »
    The Dow Jones Industrial Average finished up 60.93 points, or 0.54 per cent, to 11,444.61.

    Bank of America still managed to lose 8% in the day.

    Weakness is in the banking sector. As is the case in the UK.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    ess0two wrote: »
    I,ve just bought into shell b at 19.45 today.I may regret it Monday.

    Interesting. The ADRs (US traded line) yields 5.2% whereas the London listed B shares only yield 4.4%.

    A little of the difference can be explained by the DR sponsor taking a cut but the rest seems like a huge arbitrage opportunity to me. Anyone know why there is this discrepancy? I used to work in the back office converting shares to ADRs and back again to make money on the arb.
  • edinburgher
    edinburgher Posts: 14,016 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You are mixing up types of investments with a tax wrapper. Its a bit like saying which is the better car, a BMW or petrol.

    Nicely put Dunston :rotfl:
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Thrugelmir wrote: »
    Why buy Shell at the current time?

    I used to work for them.Have recently sold a fair few at 23.00 each they've never let me down long term.So that's my plan,although I reckon they may fall further in the coming weeks. I,ll be more than happy to see them at 23.00 again however long it takes
    Official MR B fan club,dont go............................
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    ess0two wrote: »
    I used to work for them.Have recently sold a fair few at 23.00 each they've never let me down long term.So that's my plan,although I reckon they may fall further in the coming weeks. I,ll be more than happy to see them at 23.00 again however long it takes

    Enjoy the 5.5% yield while you are waiting :beer:
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    RBS wrote off over £500 million of Greek Government debts in their half year results published.

    So even the UK taxpayer is contributing to the bail out..

    There is no difference between public and private debt now. All debt has become co-mingled.

    Before it was only US banks, a few other investment banks and a fistful of retail banks that were insolvent. Now everyone is.

    If the solvent take on the debts of the insolvent they become insolvent too. Send it on a postcard to Peston and your local MP.
  • Mr_Mumble
    Mr_Mumble Posts: 1,758 Forumite
    Generali wrote: »
    Interesting. The ADRs (US traded line) yields 5.2% whereas the London listed B shares only yield 4.4%.
    The datasource is wrong, RDSA & RDSB's quarterly dividend has been 42 cents a share every quarter since the beginning of 2009. Currently: (42 * 4 / 1.6391) / 1937 * 100 = 5.29%
    "The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.
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