As if we did not know it, the investment world is clearly evolving. Whilst the Bank of England flirted with an even bigger than expected interest rate rise than what was expected, the big surprise came from the boring old European Central Bank. I know it did not change its multi-year turning Japanese negative interest rate policy, but even it admitted it might too raise interest rates by the end of this year. Essentially for the hundredth time this year, every investor is being told it is not as easy a world as global markets have seen since the 2009 mega international bailouts. Pick your stocks carefully…which brings me onto my current most unsuccessful share Carnival Cruise Line (CCL)…
Have you been enjoying the volatile financial markets year-to-date? I have not looked but I guess the value of my pension fund has fallen slightly, even if my #1 position is my beloved Barrick Gold which unsurprisingly is up so far in 2022. I have added one new holding this week though as I did say here a couple of weeks ago about Currys (CURY) that ‘if you see the share price at or below 100p then you should buy’. We will see whether Monday’s buy was smart or not over time. Meanwhile, a couple of months ago I observed about the British multinational enterprise software company Sage Group (SGE) that I had an 800p+ share price target.
About a month ago (here) I wrote about Currys (CURY), observing that ‘if I see the stock below a quid then I will probably buy some’. Back then the stock was between 110-115p and today it is more like 107p. So what did today’s ‘trading update for 10 weeks ended 8 January 2022’ say?
If I was even more of a sad sack than I actually am, I would find on the internet one of those ‘Currys…no worries’ adverts that used to try to convince you to buy some new tech, lounge or kitchen product. However, judging by today’s 10% fall in the Currys (CURY) share price, taking it back to the c. 110p level it was at a year ago, I would say ‘Currys…lots of worries’ would be more apt.
Having suffered the shocking customer experience of Curry’s yesterday, including an attempt to sting me for £45 with a false claim, I enquired of the press office at Dixons Carphone the owner, as to why its store was celebrating a Pride weekend? Much to my surprise Chloe, from the press office answered my email this morning stating:
As a result of my cat, I spent the morning at Currys feeling ever poorer as it celebrated a bonus “Pride” weekend. I ponder why? Then I ponder the Begbies boss breaking share dealing disclosure rules and what it means about that company and the state of the market generally.
Hello Share Shoppers. I’ve been reading a few recommendations from sharper financial minds than mine about a great new British company which does a lot more than it suggests.