10-12-2020, 03:03 PM
11
Re: More Grenfell shyte?
Originally Posted by Xandra
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72 people died which is rather more than 'several'.But if the company(s) responsible evade responsibility for compensation it will ultimately fall upon the government to pay up.
10-12-2020, 03:11 PM
12
Re: More Grenfell shyte?
Originally Posted by Dextrous63
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My query was about why anyone would buy shares in a company when the CEO has suddenly decided to sell a load of his own shares. One would assume that he might know something which would make selling his stock now advantageous to him.One would imagine that people buy into a company with the intention of (dividends aside) being able to sell their shares for a profit at a later date.
10-12-2020, 05:07 PM
13
Re: More Grenfell shyte?
Originally Posted by Xandra
->
72 people died which is rather more than 'several'.But if the company(s) responsible evade responsibility for compensation it will ultimately fall upon the government to pay up.
Why should the culprit avoid his responsibilities??
The tax payer should not be responsible for bailing out private
companies! Especially suspected criminal ones who should be
carrying a public liability insurance any way??
Donkeyman! 👎😟👎
10-12-2020, 05:20 PM
14
Re: More Grenfell shyte?
Originally Posted by Dextrous63
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Don't understand. They can only sell their shares if someone is willing to buy them. Or is this just one of those weird and wonderful things that happens in stock markets?
And you are quite correct when you say why should any one buy
shares if the boss is selling off ! Thats why the boss keeps it
quiet when he is planning to do a runner and usually sells a few off
at a time to avoid a run on those shares and consequent loss of
value !!
Donkeyman! 👎😟😟👎
10-12-2020, 05:25 PM
15
Re: More Grenfell shyte?
Originally Posted by Donkeyman
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Yes Dex, the stock exchange is just the auctioneer of the shares!!And you are quite correct when you say why should any one buy
shares if the boss is selling off ! Thats why the boss keeps it
quiet when he is planning to do a runner and usually sells a few off
at a time to avoid a run on those shares and consequent loss of
value !!
Donkeyman! 👎😟😟👎
10-12-2020, 05:39 PM
16
Re: More Grenfell shyte?
Originally Posted by Dextrous63
->
That's what I'd have thought. But there are some strange things that go on in the markets, where people "in the know" seem to buy things which others wouldn't. All a mystery to most people, no matter how much one tries reading up on it.
Dex!
Thats when a stockbroker recieves information from a client
and uses that info for his own or others benefit !!
Todger says it is frowned upon, which it probably is, but imo
more of it goes on than is healthy? Hence your perceptions !!
Donkeyman! 👎😟👎
10-12-2020, 05:46 PM
17
Re: More Grenfell shyte?
Originally Posted by Donkeyman
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Todger partly answered that when he mentioned insider tradingDex!
Thats when a stockbroker recieves information from a client
and uses that info for his own or others benefit !!
Todger says it is frowned upon, which it probably is, but imo
more of it goes on than is healthy? Hence your perceptions !!
Donkeyman! 👎😟👎
In the case of kingspan, if Grenfell leads to it losing value due to likely loss in orders and compensation, then share prices will surely fall. So, can't see the value of buying any now.
10-12-2020, 06:18 PM
18
Re: More Grenfell shyte?
Originally Posted by Dextrous63
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Yep, Donkeyman (ps, is there a shortened version of your name I can call you by?). Would have thought that this sort of thing would happen if someone knew that share prices were about to rocket upwards, so that they could buy cheaper now and sell when they're more valuable.In the case of kingspan, if Grenfell leads to it losing value due to likely loss in orders and compensation, then share prices will surely fall. So, can't see the value of buying any now.
During the early years of the 2000's along with a couple of close mates i made a lot of gelt by buying companies "on their uppers", and having sold off everything not screwed down and buying back most of the shares liquidated the companies and shut them down. It's impossible to set out a one size fits all guide or reason why people buy shares but even in the case of a moribund company there'll always a good reason if you look into it and it suits your wants.
11-12-2020, 01:09 PM
19
Re: More Grenfell shyte?
Originally Posted by Dextrous63
->
Yep, Donkeyman (ps, is there a shortened version of your name I can call you by?). Would have thought that this sort of thing would happen if someone knew that share prices were about to rocket upwards, so that they could buy cheaper now and sell when they're more valuable.In the case of kingspan, if Grenfell leads to it losing value due to likely loss in orders and compensation, then share prices will surely fall. So, can't see the value of buying any now.
australian , calls me ass?? Take your pick !!
I dont think kingspan is worth fourpence at the moment?
It will probably start up again with a new name, using the money
saved by going bankrupt and not having to pay its debts??
If you have money to invest, dont invest in a single company but
rather take out a mixed portfolio with a reputable broker to
spread the risk.
Donkeyman! 👍😁👍
11-12-2020, 01:40 PM
20
Re: More Grenfell shyte?
Originally Posted by Donkeyman
->
I dont mind what you call me Dex, a few call me donks and one, anaustralian , calls me ass?? Take your pick !!
I dont think kingspan is worth fourpence at the moment?
It will probably start up again with a new name, using the money
saved by going bankrupt and not having to pay its debts??
If you have money to invest, dont invest in a single company but
rather take out a mixed portfolio with a reputable broker to
spread the risk.
Donkeyman! 👍😁👍
There is a strict order of preference in terms of who gets what.
The most that an ordinary shareholder can lose is his losses as a result of his shares tanking. For example I lost £36000 when a company I had invested in crashed and burned in the .com collapse.
Kingspan may or may not bear some responsibility but until where responsibility actually lies has not yet been determined and so neither does where liability lies be determined.
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