london_IB

“Finding the adventure in every day” background in finance, economics, science and business

[london_IB @IB_Lond]

@Final_Word_Pod @norcrosscricket @benjonescricket The issue is the cost of the tickets. You take the risk paying £300 for two tickets and travel etc on top. But to sit there for an hour watching the whole squad catch tennis balls on the square during “lunch”…. It was ridiculous

[london_IB @IB_Lond]

@julianHjessop @LBC Peter Kyle has never worked in a commercially run “for profit business

[Barchart @Barchart]

SpaceX $SPCX needs to grow 600x over the next decade to justify its $1.75 Trillion IPO Valuation 🚨 No company has ever come close in the history of capitalism 🤯

[london_IB @IB_Lond]

@SkyCricket I was there - players weren’t eating. They were all on the square bowling, catching and chatting. Awful decision.

[london_IB @IB_Lond]

@MrMBrown @PaveyOwen45415 Less than 15 100% and 15-30 50%
It’s ECB regulated / administered scheme

[london_IB @IB_Lond]

@MrMBrown I was there - all morning the radar said that was the only playable spell. Consistently and accurately. Was stunned when they said ‘early lunch’ and restart at 1 - when the radar said showers 1 til 2 and then set in for the duration

Do the umpires not have MetOffice forecasts?

[london_IB @IB_Lond]

He’s worse than Starmer. Committed himself to sticking to them but doesn’t know what they are …… ffs these people are awful

[BBC Newsnight @BBCNewsnight]

"I'm not going to go through... an exam on the fiscal rules."

Andy Burnham, Labour candidate in the Makerfield by-election, refuses two times to tell @vicderbyshire what the fiscal rules are, but confirms he'd stick to them if he became prime minister.

#Newsnight

[london_IB @IB_Lond]

@Phil_Jones01 Like an eight year old being asked if he’s done his homework ….

“I have but I’m not showing you”

[london_IB @IB_Lond]

He’s clueless ….. this is @UKLabour’s great hope?

[london_IB @IB_Lond]

@DanNeidle Is that causation or correlation …. Assumes that business properties / premises of equivalent quality and proximity are occupied and supply is constrained

Not the case in much of the UK high street ….

[london_IB @IB_Lond]

Immigration has not declined rapidly ….

[The Economist @TheEconomist]

Immigration has declined rapidly in recent years. The government has acted but British voters are still displeased. Why? https://t.co/mR8IdC3ybj

[Dan Neidle @DanNeidle]

The weird truth: every country in the world with the same or higher level of overall tax than the UK, achieves it by taxing the average worker more.

(Except Iceland; population the same as Cardiff)

[london_IB @IB_Lond]

@BBCNewsnight What’s he going to tax instead …?
He ain’t cutting spending anytime soon ….

[Alex Wickham @alexwickham]

This is how bizarre Andy Burnham’s by-election campaign is: he is simultaneously giving interviews and sending press releases opining on various national policies when it suits him, while refusing to answer more difficult questions because he says he’s focusing only on Makerfield

[london_IB @IB_Lond]

@FinanceTiger The real issue: You pop your equity into a property and sell (if you can) at a loss - lose the equity/deposit. Then what? Rent. Not in this market with landlords heading for the hills

Hundreds of 20/30 somethings being shafted - by abysmal policy choices over past 10 years

[Qasem Al-Ali @AlaliQasem]

SpaceX IPO is loading.

But this isn’t a listing.

This is the most carefully engineered insider exit Wall Street has ever signed off on.

A full breakdown — including what Morgan Stanley’s own 132-page model missed 🧵

[london_IB @IB_Lond]

It does seem odd. Perhaps betting on S&P caving and forcing this overpriced equity into index trackers

Very glad they haven’t

[Gordon Johnson @GordonJohnson19]

A 30% retail allocation isn’t a gift. It’s a confession.

Nobody carves out a third of the largest IPO in history because they like you. They do it because at $1.75T, the institutions who price these things for a living wanted less than the float required — and someone has to absorb the rest.

“Broadening ownership” is the polite name for distributing the bag.
You’re not getting in early. You’re the demand the cap table needs to get out.

Revisit in six months. $TSLA

[london_IB @IB_Lond]

“Other people can pay” is a promise that can’t be kept….

[Dan Neidle @DanNeidle]

UK tax has gone up significantly over the last 25 years

But the tax paid by the average UK worker has not

This apparent miracle was achieved by taxing “other people”: higher earners, capital, property, banks, etc

The strategy has run out of road

A 🧵 on what happens next.

[london_IB @IB_Lond]

💯

[Michael Brown @MrMBrown]

100% the right decision...the S&P is designed to be a broad-based and stable index gauging large-cap US equity performance...not something where the rules are bent in favour of whatever the latest retail-induced IPO fad might be...nice that there's still some adults in the room!

[london_IB @IB_Lond]

@EricBalchunas I think it’s an excellent decision. If you want to own SpaceX, you can - buy some ….