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srg751
Posted: 24 March 2017 09:16:09(UTC)

Joined: 10/08/2013(UTC)
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Jon Snow;45046 wrote:
srg751;45034 wrote:
CUEBALL;45032 wrote:
Keith Hilton;44994 wrote:
srg751;44992 wrote:

Added to Galliford Try in my income PF. A near ex div 5% drop over 2 days is a gift.


I'd be concerned about them taking over Bovis Homes (my daughter having first hand knowledge of how inept they are), especially if any kind of bidding war emerges. Have they ruled this out yet?



I think the land bank might just provide succour
x


TRY pinched Bovis Keith. Cueys got it in one. Bovis management was the problem, now to be replaced with a management second to none in this sector. Try shareholders agree going on the price movement (none).


TRY pinched Bovis, did I miss something ?





Probably.
Redrows dropped out. The only offer on the table is 3bn from Try. Bovis haven't even got a CEO to oversee their demise.
chazza
Posted: 24 March 2017 18:53:40(UTC)

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I've been selling this week, not deliberately piling up ammunition, but taking a little risk off the table and reducing number of holdings to make monitoring easier. I haven't been inspired to buy anything at all.

Sold all HOT at average profit of over 20%, with divi still to come. HOT was only ever a play on the discount for me, and now it's back to around 10% I'll leave it to the gamblers (I never did understand the portfolio…)
Sold more BGFD because a premium of 4% does not look sustainable (and I've already loaded up on SJG at discount of around 10%).
and sold all of a small holding in SDV (too small to watch often, so thanks Keith for alerting me to the fact that it was trading at a premium).
3 users thanked chazza for this post.
dyfed on 24/03/2017(UTC), dlp6666 on 27/03/2017(UTC), Keith Hilton on 28/03/2017(UTC)
King Lodos
Posted: 24 March 2017 19:32:40(UTC)

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"Three steps and a stumble" .. usually get a correction of some sort after the 3rd rate hike.

You can see money's been moving back into Long-Term Treasuries – suggesting people have been happy to sell risk assets for a guaranteed 2.5% on the 10yr.

S&P500's PE of nearly 25 suggests earnings yield of 4% on stocks .. It's that point where an extra 1.5% for significantly more risk looks less appealing .. I'm below 30% equities now – but still a lot of growth exposure via high yield and perpetuals.
1 user thanked King Lodos for this post.
kWIKSAVE on 25/03/2017(UTC)
john_r
Posted: 24 March 2017 22:00:30(UTC)

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CUEBALL;44982 wrote:

....interesting situation with EKF also


Taken a punt today. Its rather compelling as Mills now controls 30% of EKF one way or the other.
Mr Helpful
Posted: 27 March 2017 15:36:20(UTC)

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Top-sliced FPEO at dawn.
Could well continue to climb?
Alan Selwood
Posted: 27 March 2017 18:59:36(UTC)

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Have been cutting non-ISA holdings back to raise cash ready for the next ISA.

The sooner I can have everything in ISAs the better, as I hate doing the CGT calculations for my tax return!
Keith Hilton
Posted: 28 March 2017 09:33:16(UTC)

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Bought BAB after yesterday's tumble. OK dividend and adds some diversification to my pf.
kWIKSAVE
Posted: 28 March 2017 09:47:31(UTC)

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Babcock and Wilcox sounds good Keith.

Alan would not put all into ISA's in view of annual CGT allowance.
srg751
Posted: 28 March 2017 09:53:23(UTC)

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Keith Hilton;45195 wrote:
Bought BAB after yesterday's tumble. OK dividend and adds some diversification to my pf.

BAB has been down at these levels 4 times over the past 13 months and seems to have set a floor under the price so maybe a nice quick buck to be made Keith.
The Nuclear Cavendish operation is the biggest earner but I think I'm right in saying that it's going through a management restructure.

srg751
Posted: 28 March 2017 10:06:27(UTC)

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Selling BRKB today. A break with sentiment being the reason. I've held it for 6 years and it doesn't pay to get too attached to a stock. Be warned, the last time I sold a sTock under such circumstances it immediately lost half its value.. NEXT.

Interesting that Berenburg have downgraded Lloyds to Sell.
Keith Hilton
Posted: 28 March 2017 10:12:45(UTC)

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srg751;45198 wrote:
Keith Hilton;45195 wrote:
Bought BAB after yesterday's tumble. OK dividend and adds some diversification to my pf.

BAB has been down at these levels 4 times over the past 13 months and seems to have set a floor under the price so maybe a nice quick buck to be made Keith.
The Nuclear Cavendish operation is the biggest earner but I think I'm right in saying that it's going through a management restructure.



Hoping for a quick profit, but being mostly an income investor these days, I'm happy to sit on the 3% yield for a while. Whilst this isn't a conviction buy, I do think that they have some interesting assets, which may be attractive longer term.

The NC issue looks like being about a £100M hit in 2021, so hardly a big issue - less than the fine Tesco's got today!
1 user thanked Keith Hilton for this post.
srg751 on 28/03/2017(UTC)
srg751
Posted: 29 March 2017 16:21:28(UTC)

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srg751;44814 wrote:

.
Although a little more opaque and more concentrated than Harbourvest, my choice has always been 3i. At the end of the day, PE is an investment in management, not the holdings of which we know very little. So my choice is purely based on past performance.




Today's rise of 6% and off the back of steady recent performance shows why there should always be a place for PE in a portfolio. I think 3i is a class act.
kWIKSAVE
Posted: 29 March 2017 17:31:06(UTC)

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3i is well spread.

Although not a connoisseur of IT's, the premium is huge.
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