lazen
Activist
Posts:326
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| 07/07/2008 12:49 PM |
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Once the collapse is finished which are the best shares to buy up in the 1000s for pennies each?
I would say its best to own Banks-they always pay a good dividend.
There ought to be plenty of bargains after some have closed down
and the remainder will be down from £11 &£12 per share formerly to
perhaps 25p-50p each.......or lower.
The banks have the power to seize millions of houses & all other assets for mortgage debts owed
as do the building societies.
Thus they will not be short of a penny.
In fact the banks own most houses in Britain.
Their plan is to get the houses and cheap.
Thus they hope people will not be able to re pay giving them an excuse to seize as many houses as they can.
Then they can sit on them like land banks creating an artifiical shortage
until the price re rises.
Or they might opt to re sell them at 25-50%less thus raising cash.
Oh The myriad possibilities of absolute financial power-must keep Mangers awake at night with glee!
Its all a game of Monopoly really.
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chefdave
Activist
Posts:481
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| 07/07/2008 2:20 PM |
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| lol, I've always fancied some shares in Sainsbury's as I like shopping there, when I was looking at them last year there was some interest surrounding a take over bid but the interest focused mainly on the land that they owned! lowest common demonitator in this country every time. |
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crisper
First Timer
Posts:10
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| 08/07/2008 11:09 AM |
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Hm, I think you need to understand how a basic balance sheet works. Person owes bank 200k. Bank owes deposits 190k. Shareholder owns capital worth 10k. Then persons house value falls to 190k. Person cannot pay mortgage. Bank gets house worth 190k. Bank still owes depositors 190k. Shareholder owns capital worth.. nil. Regulator gets very concerned. Depositor gets very concerned. Regulator guarantees deposits, but nationalises bank. Shareholder gets.. nil.
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Asteve
Activist
Posts:930
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| 08/07/2008 10:24 PM |
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| Conversely, crisper, it is not only the banks whose shares have taken a nose-dive... lots of companies that catered to a buoyant housing market are now in the doldrums. If you can pick the companies who can re-invent themselves (in a way reminiscent to Madonna with each new album) then you might be onto a winner. Of course, this requires real skill, dedication and hard work doing all the necessary research - as well as a spot of luck. |
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patrickr
Concerned Citizen
Posts:70
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| 11/07/2008 7:48 AM |
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Ok its in cents but the one I am watching is Kingspan
Its a building supplies firm based in Ireland (I am Irish)with some global operations. Its particularily strong in manufacturing of factory built housing technology.
When the present housing bust finishes there will be quite a few backrupt builders, a lot of the labour will have disappered into services etc. Hence in the drive to build new houses a lot of prefabicated technology will be required, therfore companies which supply the product will be in demand
So my tip is Kingspan at about 6euros down from 20
Patrickr |
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