Billions Wiped Off Valuations In A Few Hours

[Guest del ete]

Oh dear....

http://www.thisisbristol.co.uk/Billions-wiped-valuations-hours/story-13395799-detail/story.html

[Mr Mosquito]

Oh dear....

http://www.thisisbri...tail/story.html

Oh dear indeed because Steve Lansdown will have less money to invest in a decent and competent management team to steer this club out of its current mire.

[Greedo]

Surely it's millions not billions?

[Guest del ete]

Surely it's millions not billions?

Quote taken from the Evening Post. Billions across the board, id assume millions for Hargreaves Landsdown, still not great news though!

[Markman]

must be rough losing millions like that (if only)

[havanatopia]

Oh dear....

http://www.thisisbri...tail/story.html

Not really. Soundly run companies will bounce back. This is a market correction thanks to the Euro procrastinators and an over-reaction for firms in related industries. HL are sufficiently diversified to be on very sound footings. Price may fall a little further; could be a good buy because it will bounce back and continue to surge forward in the coming months.

Interesting to see Imp Tob buck the trend, no better share value than HL so i guess the markets felt more people will return or take up smoking as some solace for the depressing state of world economies!

[Donald]

Bet Steve is glad he sold as many shares as he did when they were peaking.

Wondering if it now makes him worth more than Hargreaves?

[Mr Mosquito]

must be rough losing millions like that (if only)

If only I had a few £millions to lose.

[spudski]

Not really. Soundly run companies will bounce back. This is a market correction thanks to the Euro procrastinators and an over-reaction for firms in related industries. HL are sufficiently diversified to be on very sound footings. Price may fall a little further; could be a good buy because it will bounce back and continue to surge forward in the coming months.

Interesting to see Imp Tob buck the trend, no better share value than HL so i guess the markets felt more people will return or take up smoking as some solace for the depressing state of world economies!

I would say you are correct from past experience. But the World, especially Europe has never ever been in a crisis like this before. Economically the World is at Crisis point...it is forcast to get worse rather than better. The biggest problem is Banks and Governments don't actually have an ansswer to it and are guessing. It's all up in the air. The Euro is screwed. It will have a knock on effect, that will effect all of us. Football like any other business will be hit hard.

[BCAGFC]

The whole world relies too much on banks & stock exchanges, the sooner we are not held to ransom by them the better for everyone.

They are a gutless bunch of people who hide behind excuses, well let them get their new million pound apartments in Dubai, Singapore or wherever the next financial centre will be............good riddance.

BCAGFC

[Mr Mosquito]

I would say you are correct from past experience. But the World, especially Europe has never ever been in a crisis like this before. Economically the World is at Crisis point...it is forcast to get worse rather than better. The biggest problem is Banks and Governments don't actually have an ansswer to it and are guessing. It's all up in the air. The Euro is screwed. It will have a knock on effect, that will effect all of us. Football like any other business will be hit hard.

Europe was in a crisis far worse than the current economic crisis during the 1930s and that economic crisis was ended by the onset of World War 2.

[spudski]

Europe was in a crisis far worse than the current economic crisis during the 1930s and that economic crisis was ended by the onset of World War 2.

Yes...they say Wars help in economic crisis. However Europe wasn't controlled by the Euro back then. They all had their own currencies. It is the Euro and Doller that are the problem at the moment. Too many eggs in one basket. Too many countries relying on what other countries do. This is why the Swiss and Scandies always prosper.

[Mr Mosquito]

Yes...they say Wars help in economic crisis. However Europe wasn't controlled by the Euro back then. They all had their own currencies. It is the Euro and Doller that are the problem at the moment. Too many eggs in one basket. Too many countries relying on what other countries do. This is why the Swiss and Scandies always prosper.

Switzerland and Scandinavian Norway are both outside the Eurozone and they are not part of the hopelessly corrupt European Union project. That's why they prosper. The UK pays £60 million per day to be members of the EU - shit value for money that various traitor Labour and Tory politicians have signed us up to without consulting us via a referendum on EU membership.

[Mr Mosquito]

The EU membership was part of the manifesto of each elected Governments, therefore no need to have a referendum .

Except the fact that Gordon Brown and David Cameron both promised us a referendum on the European Union Lisbon Treaty. Gordon Brown promised us a referendum on the EU Lisbon Treaty and then went ahead and signed the Treaty behind our backs without the referendum he himself promised !!!!!! There is no better example of a liar politician than Gordon Brown.

[spudski]

Switzerland and Scandinavian Norway are both outside the Eurozone and they are not part of the hopelessly corrupt European Union project. That's why they prosper. The UK pays £60 million per day to be members of the EU - shit value for money that various traitor Labour and Tory politicians have signed us up to without consulting us via a referendum on EU membership.

Exactly my point. They benefit from their proxiamaty to Europe, but are not financially part of the Euro. The EU is no benefit to us what so ever. A complete waste of money.

[Mr Mosquito]

Exactly my point. They benefit from their proxiamaty to Europe, but are not financially part of the Euro. The EU is no benefit to us what so ever. A complete waste of money.

You made an excellent point Sir.

I'd like to add that Iceland was in financial difficulty but they're now making a remarkable recovery because they are outside the Eurozone and European Union project. They are thus free to devalue their currency to aid their own economy to benefit their exports and their tourism trade. They've even issued arrest warrants against the banksters that helped cause their financial crisis. Meanwhile, Greece cannot devalue its currency to aid its exports and tourism industry because they have no currency of their own because they are part of the Eurozone. At least our EU loving politicians didn't manage to sign us up to the Euro currency as well or else we'd be in the same mess as Spain, Southern Ireland, Greece, Italy and Portugal.

[havanatopia]

I would say you are correct from past experience. But the World, especially Europe has never ever been in a crisis like this before. Economically the World is at Crisis point...it is forcast to get worse rather than better. The biggest problem is Banks and Governments don't actually have an ansswer to it and are guessing. It's all up in the air. The Euro is screwed. It will have a knock on effect, that will effect all of us. Football like any other business will be hit hard.

i think and hope you are overplaying the gravity.

and for sure the media only stokes the fire.

you might be right about the euro though. Good riddance i say; a flawed strategy from the outset by some crone in brussells or strasbrg thinking one size fits all. knumbskulls.

[Mr Mosquito]

i think and hope you are overplaying the gravity.

and for sure the media only stokes the fire.

you might be right about the euro though. Good riddance i say; a flawed strategy from the outset by some crone in brussells or strasbrg thinking one size fits all. knumbskulls.

With regard to £billions being wiped off the value of shares, this may ultimately be good for football as clubs and their backers will not have the money to pay extortionate wages to footballers. Too many clubs in dire straights due to the excessive demands of footballers and their agents. With regard to the Euro currency project, I'm amazed that Germany signed up to the Euro to start with considering the fact that the Deutschmark used to be the most stable European currency - trading the Deutschmark for the Euro currency was surely a bad long term economic move for Germany? Germany will now be expected to bail out Greece and Co.

[spudski]

i think and hope you are overplaying the gravity.

and for sure the media only stokes the fire.

you might be right about the euro though. Good riddance i say; a flawed strategy from the outset by some crone in brussells or strasbrg thinking one size fits all. knumbskulls.

I've got mates who work in finance in the City...they are literally shitting bricks. Because they are flying by the seat of their pants and no one knows how to turn it around. The problem being, so many countries are reliant on others. It is the countries who are self sufficiant and look after themselves that are the ones who remain stable. Countries like the Swiss and the Scandies.

In fact my own financial advisor said, i'd be more secure financially right now, by taking my money and sticking it under my pillow.

There is a reason Gold has become the commodity to buy... Gold has proved capable of performing well in deflation, in uncertainty, in fear. Internationally it is liquid in all parts of the world. It is internationally acceptable cash. More than that, it is an effective counter to the devaluing of currencies through quantitative easing or currency devaluations.

China is diversifying as it continues to hold down its currency, buying record amounts of Japanese, Korean and South American bonds, in place of American. It is also Limit buying gold in quantity through the London bullion banks, buying scrap ores or buying direct from miners in Alaska, the middle East and Africa. Excessive Dollar holdings are also going to more hard assets such as strategic reserves of oil and coal, and probably industrial metals. State entities are buying up natural gas reserves in Africa and Central Asia, or oil sands in Canada, or timber in Guyana.

No one can compete with China. They use prisoners to do all their labour for them. They even ship them out to Africa. They have no labour costs to pay, hense winning contracts in places like Africa and the middle East. Minning for minerals and rare Ores. They break International business laws and no one intervenes.

[spudski]

With regard to £billions being wiped off the value of shares, this may ultimately be good for football as clubs and their backers will not have the money to pay extortionate wages to footballers. Too many clubs in dire straights due to the excessive demands of footballers and their agents. With regard to the Euro currency project, I'm amazed that Germany signed up to the Euro to start with considering the fact that the Deutschmark used to be the most stable European currency - trading the Deutschmark for the Euro currency was surely a bad long term economic move for Germany? Germany will now be expected to bail out Greece and Co.

Since WW2 Germany borrowd so much money, with very little interest. That's how they became so stable again. It was all based on borrowed money. By joining the EU, their interest payments became even less.

[Redcliffe 78]

[Murraysrightplum]

Football chat?

[spudski]

Football chat?

What do you think football is about these days...Entertainment? Surely not...purely business

[havanatopia]

Football chat?

there is definitely a link to it somewhere in this chat!!! Finding it is another matter of course!

[havanatopia]

[Redcliffe 78]

Football chat?

Very sad, the mods will move it to general chat very soon fellow red.

[spudski]

Very sad, the mods will move it to general chat very soon fellow red.

I find it sad it offends you so much. Football these days is all about, money and business, why the hell do you think we are planning to move to AV if it wasn't to generate more money for Lansdown. What is happening to Sl's business ventures is bound to have a knock on effect to how much he spends on the Club. Talking about the reasons, is all football related. Surely it's better just to ignore, rather than feel the need to comment. It's actually nice to get a decent conversation on here, rather than just the usual 'Millen Out' with no substance to it...wouldn't you agree? And yes... I hate the fact football is all about business and money as much as the next man, but it's a fact of life.

[Murraysrightplum]

He hasn't lost any money though has he? Unless he sells his shares now which clearly he won't. Pointless thread.

[TRL]

He hasn't lost any money though has he? Unless he sells his shares now which clearly he won't. Pointless thread.

Warning shares may go down in value as well as up! This company is his main interest though, not bristol city. Depending if they regain their price may also determine exactly how much he may or may not be willing to reinvest into city's debt. If he were to lose say 90% of his shares worth and it stayed like that for a long time, we would be in the brown stuff.

[Guest del ete]

He hasn't lost any money though has he? Unless he sells his shares now which clearly he won't. Pointless thread.

o sorry

[Barrs Court Red]

Decent thread and something different. S shame it's clearly affected some people by not including the merits of a midfield of Skuse and elliot (or lack of). Again.

As for China, it will implode unless it takes drastic and far reaching reform. What went unnoticed at the tail end of the last banking crisis, was that the cost of labour there had risen massively, as a worker who may have made £20 a few years ago, now wants £200. All of a sudden it's not so attractive to manufactre there.

[Red-Robbo]

Decent thread and something different. S shame it's clearly affected some people by not including the merits of a midfield of Skuse and elliot (or lack of). Again.

As for China, it will implode unless it takes drastic and far reaching reform. What went unnoticed at the tail end of the last banking crisis, was that the cost of labour there had risen massively, as a worker who may have made £20 a few years ago, now wants £200. All of a sudden it's not so attractive to manufactre there.

Spot on. It's already losing manufacturing jobs to Indonesia and Bangladesh. Capitalism will always find someone cheaper to exploit.

[Murraysrightplum]

Just to highlight how pointless this thread is; the markets are now up! SL has loads of money to throw at the squad. Cos that's how shares work obviously

[havanatopia]

He hasn't lost any money though has he? Unless he sells his shares now which clearly he won't. Pointless thread.

is the share price below the issue value?

[Murraysrightplum]

is the share price below the issue value?

Don't think so. He isn't going to sell them now though so it doesn't matter anyway.

[notsobigfatdave]

Europe was in a crisis far worse than the current economic crisis during the 1930s and that economic crisis was ended by the onset of World War 2.

Quite so and also in 1853 1880 1914 and 1982 and both the Gulf crisis'

Seems a good conflict, the flattening of a inferior power leads to sustained economic recovery.

Im getting a squad up together to start the invasion of the valleys to recapture ze faderland ( sorry the Motherland ) Meet at the second crossing 7 pm sharp.

Dont forget to clean your weapon !