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Post by Stuntman on Jan 28, 2018 8:59:02 GMT
Agreed on all counts!
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Post by Tim on Jan 31, 2018 9:46:22 GMT
Capita shares are down 42% today, I wonder if that's worth a punt or if they're going the same way as Carillion?
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Post by Deleted on Jan 31, 2018 10:09:29 GMT
Capita has always seemed to me like the epitome of run-for-profit, fundamentally incompetent sort of company. I confess I had a bit of a chortle to myself about its misfortune - whilst feeling some sympathy for its employees. But the management are cnuts.
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Post by johnc on Jan 31, 2018 10:12:44 GMT
Capita has always seemed to me like the epitome of run-for-profit, fundamentally incompetent sort of company. I confess I had a bit of a chortle to myself about its misfortune - whilst feeling some sympathy for its employees. But the management are cnuts. Not my cup of tea either!
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Post by Big Blue on Jan 31, 2018 11:02:32 GMT
As they essentially pay my invoices I shouldn't be unkind to Capita but they are arseholes.
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Post by Tim on Jan 31, 2018 13:55:43 GMT
As they essentially pay my invoices I shouldn't be unkind to Capita but they are arseholes.
I'd go and get your invoices paid up to date right now. It's been reported that their auditors are KPMG, who undoubtedly gave them a clean bill of health, so the next news will probably the appearance of the liquidators
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Post by PG on Jan 31, 2018 17:41:57 GMT
I see they are often referred to as "Crapita" by people.
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Post by Tim on Feb 1, 2018 9:57:32 GMT
It appears to be an appropriate alteration of the name!
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Post by Alex on Feb 2, 2018 22:21:34 GMT
All very well laughing at them but if Capita goes belly up we’ll quickly find there’s a lot of public sector administration facilities that go with them. They process TV License and congestion charge payments to name but two.
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Post by Deleted on Feb 3, 2018 9:59:47 GMT
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Post by Deleted on Nov 20, 2018 15:44:12 GMT
I wonder what the last year will do to the cryptocurrency world. Since reaching a high of 15,300 odd just under a year ago, Bitcoin has fallen to below 3,700. That sort of trauma is OK for those who are in early and for the long term, but won't be pleasing those who bought it because 'it always went up.' Makes the markets at the moment look like a warm and cosy place...
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Post by Tim on Nov 20, 2018 15:46:26 GMT
I saw that this morning - could be getting close to the time to get into it in anticipation of a rally, get out before the subsequent fall and make some money. What's your attitude to risk
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Post by Deleted on Nov 20, 2018 15:49:58 GMT
Nuclear?
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Post by Big Blue on Nov 20, 2018 16:00:24 GMT
So a completely unregulated financial product is losing value as trust in its stability erodes?
Well there's a surprise.....
just under two years ago I held shares in a business and I made a pleasing amount of money when I sold them. I hold no shares in them anymore but the BoD have issued so many shares in their quest for capital that the shares are so diluted that the kind of gains made by me and others like me at the time will not be realised again. Yet still if I go on LSE or Twitter and follow the threads on that share code numpties are talking about a return to the 2017 mid-year price - which would value the company at close to £billions which it clearly isn't worth. So Bitcoin follows this model: the hopeful, the fortunate (me), the brave and the blind stupid.
The fact that some unknown entity can create Bitcoin makes it a worthless tool in the long run. Also it consumes vast amounts of power across the cloud server network worldwide and at some point the blockchain for it will be broken and only the original part of the chain will be recoverable deleting billions for some and making others bitcoin wealthy in an instant but in that same instant Bitcoin will be classed as dangerously unstable and worthless. Billionaire for a split second. Great.
The moral is (from my own share dealing lessons): it ain't worth shit till you cash it in or convert it to a big fixed asset (house / land).
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Post by Deleted on Nov 26, 2018 15:21:17 GMT
I wonder what the last year will do to the cryptocurrency world. Since reaching a high of 15,300 odd just under a year ago, Bitcoin has fallen to below 3,700. That sort of trauma is OK for those who are in early and for the long term, but won't be pleasing those who bought it because 'it always went up.' Makes the markets at the moment look like a warm and cosy place...
Below 3,000 at the mo. Maybe a dead cat bounce is in order...
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Post by PG on Nov 28, 2018 22:02:27 GMT
I wonder what the last year will do to the cryptocurrency world. Since reaching a high of 15,300 odd just under a year ago, Bitcoin has fallen to below 3,700. That sort of trauma is OK for those who are in early and for the long term, but won't be pleasing those who bought it because 'it always went up.' Makes the markets at the moment look like a warm and cosy place...
Below 3,000 at the mo. Maybe a dead cat bounce is in order...
Indeed that old investment adage is still as relevant as ever. And even though the cat bounces, it is still dead.
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Post by Big Blue on Feb 5, 2019 11:40:22 GMT
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Post by Bob Sacamano v2.0 on Feb 5, 2019 12:08:18 GMT
Sacamano Sovereigns still trading at $1500 each. I can do 2 for $800 if anyone’s interested?
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Post by ChrisM on Feb 5, 2019 13:41:37 GMT
Sacamano Sovereigns still trading at $1500 each. Are these just re-badged Daimlers?
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Post by racingteatray on Feb 5, 2019 16:39:08 GMT
I'm trying (not easy) to structure a deal for a client at the moment that would be secured over a holding of crypto-currency. Which is tricky as, to quote a learned legal treatise on the topic "legitimate questions exist as to whether a bitcoin constitutes property at all in any sense currently comprehended by English law"...(!)
I accidently called it "crapto-currency" on a conference call last week and mercifully the client merely burst out laughing and commented that, yes it could feel like that sometimes if you have invested in it.
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Post by PG on Feb 6, 2019 10:13:08 GMT
That's almost laughable in its hopelessness isn't it? A bloke running a multi-million pound crypto store on a laptop dies and nobody has the password. Also, what on earth was a guy with Crohn's disease doing travelling in India? The "complication" was that he probably had to eat or drink something eventually. " The founder died unexpectedly due to complications with Crohn's disease while travelling in India, according to court documents."
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Post by johnc on Feb 6, 2019 12:14:47 GMT
Some of the rumours suggest he staged his own death and buggered off with $190m. Allegedly!
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Post by Bob Sacamano v2.0 on Feb 6, 2019 18:19:45 GMT
That's almost laughable in its hopelessness isn't it? A bloke running a multi-million pound crypto store on a laptop dies and nobody has the password. Have they tried “password”?
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Post by Tim on Mar 5, 2019 14:20:02 GMT
Some firm has now got into the 'wallets' and found that they're empty so the $180M is still missing!
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Post by Big Blue on Mar 5, 2019 16:16:40 GMT
I tried not to laugh when I read that earlier.
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Post by alf on Mar 6, 2019 12:51:12 GMT
I'm trying (not easy) to structure a deal for a client at the moment that would be secured over a holding of crypto-currency. Which is tricky as, to quote a learned legal treatise on the topic " legitimate questions exist as to whether a bitcoin constitutes property at all in any sense currently comprehended by English law"...(!) Maybe I should get some then, given my current situation!!!
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Post by PG on Mar 6, 2019 13:29:53 GMT
Some firm has now got into the 'wallets' and found that they're empty so the $180M is still missing! Died eh? As John said, more like done a runner then.....
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Post by Deleted on Apr 10, 2019 9:37:56 GMT
Below 3,000 at the mo. Maybe a dead cat bounce is in order...
Indeed that old investment adage is still as relevant as ever. And even though the cat bounces, it is still dead. Dead cat over 4k again...
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Post by Stuntman on Apr 11, 2019 21:09:42 GMT
Have you bought any? (I haven't - this is not for me. I am, however, invested in Silver, Gold and Platinum)
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Post by Deleted on Apr 12, 2019 7:08:02 GMT
No. Learned the hard way many years ago about never buying anything that you don't fully understand (not that there's too much to understand here, I fear). And the more I learn about CC, the more I am reminded of The Emperor's New Clothes.
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