Justin Waite

I am a UK stock market private investor. My first published book is now available to order. Search for, "How to Become a MicroCap Millionaire".

[Justin Waite @SharePickers]

If you are going on holiday and looking for a cracking book to read by the pool, I’ve got the perfect suggestion 😉
My book has just hit 152 (4.9*) reviews on Amazon alone.
Buying the book also gets you 25% off The SharePickers Investment Club 👇
https://t.co/pcx6jHJnnI

[Paul Johnson @PJTheEconomist]

Here's the real story of this Budget, the can being kicked down the road. This Labour government is apparently planning spending cuts on most areas of public service spending of 2.6% per year between 2028-29 and 2031-32.

Pull the other one. It's got bells on.

[Justin Waite @SharePickers]

@paulben00158697 Yes there's loads of demand but not the power.

[Justin Waite @SharePickers]

The AI Sell-Off Isn’t Over: Watch For The Canary In The Coal Mine - podcast.
https://t.co/trzh2HBraI

A severe structural timeline mismatch is emerging between ordering chips (under one year), building warehouse shells (two years), and securing high-voltage power connections from utilities (5 to 10 years).

Because AI processors rapidly depreciate within three to four years, idle capacity burns massive capital.

Hyperscalers such as Meta, Alphabet, Amazon, and Oracle are turning free cash flow negative as capex outpaces operating cash flow, turning to expensive debt issuance.

The canary in the coal mine sits with over-leveraged neo-clouds stockpiling GPUs and hardware makers vulnerable to sudden order pullbacks.

[Justin Waite @SharePickers]

Yes this is largely because they are plugged in and have power. It’s proof of an infrastructure / power bottleneck. Newer chips and infrastructure can't get plugged in, so it clouds the underlying depreciation. What will happen to semi conductor / neclouds if hyperscalers slow down on buying / renting new chips due to this bottleneck?

[Justin Waite @SharePickers]

Yes their lifetime is but the question is, are they competitive for this entire period? Approx every 18 to 24 months, new chip architectures delivers a 2x to 4x improvement in compute density / efficiency. To be cutting edge the hyperscalers need the best chips. New improved chips automatically accelerate the actual depreciation of older model chips but not on an accounting basis. This is the issue.

[Justin Waite @SharePickers]

Yes as they say the time to invest is on the sound of the cannons, as it's all priced in by then. I think Trump thought it would be over in a few weeks as Putin did with Ukraine. Apparently some Russian tank drivers on the initial invasion had dress uniform with them, expecting a celebration on the taking of Kyiv within a few days! Never quite plays out as we think.

[Justin Waite @SharePickers]

Brent Crude Oil Futures at $117. The third highest price paid this year.

Rumours of renewed offensive against Iran is one of the reasons also lower global oil reserves and China hoarding stocks.

[Justin Waite @SharePickers]

These are the companies laying off people citing AI for the reason and the amount of people they are making redundant. Most of lay offs have happened or will happen this year. I don’t think this is the end of it.

Dell Technologies~23,500
Oracle~21,000
Citigroup~20,000
HSBC~20,000
Amazon~16,000
SAP~8,000 – 10,000
Meta~8,000
Barclays~5,000
Microsoft~4,800
Block (Square / Cash App)~4,000
Standard Chartered~2,500 – 3,000
IBM~2,000
Intuit~1,800
Atlassian~1,600
C.H. Robinson~1,400
Recruit Holdings (Indeed / Glassdoor)~1,300
Proximus~1,200
Cloudflare~1,100
Autodesk~1,000
Ocado~1,000
Snap~1,000
Wix~1,000
ERGO (Munich Re)~1,000
ING Group~1,000

Approximate Total~149,200 – 151,700

[Justin Waite @SharePickers]

@F15JCM @Hawkeye_74 Last time the spread was this wide was the Eurozone debt crisis in 2011 when Italy and Greece were in trouble. The issue is France is the 2nd biggest economy in the bloc.

[Justin Waite @SharePickers]

This is the spread between French and German Bonds.

It's blowing out. Normally this spread is between 0.5% - 0.8%. It's now shot up to 1.7%.

This is a parabolic repricing of French sovereign credit risk. This crisis / intervention zone.

[Justin Waite @SharePickers]

Brent Crude Oil Futures hit $112, now up with the highs of May.

[Justin Waite @SharePickers]

France’s Bond Yields have gone up by 150 bps since the start of the year and 485 bps since 2022. France’s annual debt interest payment is approaching €65 billion.

If debt interest payments were a government department it would be the most expensive apart from National Education but it’s close to becoming the most expensive department.

Their debt to GDP is now 116% way above the euro area average of 88% and far beyond the Maastricht target of 60%.

The 1992 Maastricht Treaty set out economic and fiscal benchmarks designed to ensure economic stability and discipline among European Union member states.

[Justin Waite @SharePickers]

John Healey has reportedly drawn up plans for a tax raid on family businesses ahead of his first Budget.

If this is true, it’s just another example of Labour punishing some of the hardest workers in the UK to fund the ballooning welfare bill.

This is basically taxing the most productive parts of the economy to fund the most inefficient. It’s another policy that weakens the UK's economy.

It’s a tax on growth and undermines entrepreneurial motivation. If they do this, they will get trounced at the next general election in favour of any party that recognises and rewards hard work @JohnHealey_MP @andyburnham

[Justin Waite @SharePickers]

Corero Network Solutions #CNS up 65% since it released its trading update which was ahead of expectations on 9th September.

[Justin Waite @SharePickers]

Corero Network Solutions #CNS highest prices since 15th July 2025.

On 9th September they announced "FY 2026 expected to exceed market expectations"

Yesterday they announced Q3 2026 orders: up 50% to $11.1 million (Q3 2025: $7.4 million).

[Justin Waite @SharePickers]

Intercede #IGP momentum has continued since previous post (below) - 2026 high at 141p.

[Justin Waite @SharePickers]

Intercede #IGP breaking above 200ma.

[Justin Waite @SharePickers]

Why an AI Market Crash Is Actually the Best-Case Scenario
https://t.co/KuvbE3hVOf

[Justin Waite @SharePickers]

Brent Crude Oil Futures highest they've been since May.
NASDAQ down -2.3%
S&P 500 down -1.3%

[Gavin Staniforth @gsdev90]

@SharePickers Great for jumping over pot holes perhaps.

[Justin Waite @SharePickers]

When I watched this I was genuinely gobsmacked. My first reaction was, “This has got to be AI”. If it isn’t then this is probably the first real video that competes with the trickery of what AI could do.

If this is the result of real engineering, it is as they said in the video, “Bending the laws of physics” and truly remarkable.

[Tesla @Tesla]

Real life, baby