Share this page:
Stay connected:
Welcome to the Citywire Money Forums, where members share investment ideas and discuss everything to do with their money.

You'll need to log in or set up an account to start new discussions or reply to existing ones. See you inside!

Notification

Icon
Error

Snap, Crackle, and Pop
J Thomas
Posted: 03 March 2017 22:46:42(UTC)
#1

Joined: 22/02/2012(UTC)
Posts: 230

Thanks: 242 times
Was thanked: 266 time(s) in 114 post(s)

Bought a hundred shares in Snap Inc yesterday at $24.48, up over 10% today to £26.90. Shame I couldn't buy at the IPO of $17.00, however I only bought because my daughter uses this app all the time as do her friends.
To be honest I would be happy to cash in on a 40% profit in the next few weeks as this is a product I would never use myself. And I really cant see myself wearing sunglasses with a micro camera/video attachment.
However I wonder if Fundsmith, or ITs such as Manchester and London will be buying? And my fellow esteemed forum members, has anyone else been tempted to buy?
Alan Selwood
Posted: 03 March 2017 23:09:22(UTC)
#2

Joined: 17/12/2011(UTC)
Posts: 2,298

Thanks: 430 times
Was thanked: 3320 time(s) in 1309 post(s)
High price, not profitable?

A step too far for now.
1 user thanked Alan Selwood for this post.
J Thomas on 03/03/2017(UTC)
King Lodos
Posted: 03 March 2017 23:19:40(UTC)
#3

Joined: 05/01/2016(UTC)
Posts: 1,427

Thanks: 231 times
Was thanked: 1682 time(s) in 719 post(s)
If Fundsmith buys it I'll donate £1m to the Scottish Nationalist Party.

I'd sell on a 40% profit tbh .. I think the real upside will be quite a few years down the line, and that makes it a gamble (vs a certainty you can bank now).

Not my usual response – you could always sell half for a both-ways bet.
1 user thanked King Lodos for this post.
J Thomas on 03/03/2017(UTC)
jeffian
Posted: 03 March 2017 23:24:03(UTC)
#4

Joined: 09/03/2011(UTC)
Posts: 356

Thanks: 94 times
Was thanked: 410 time(s) in 171 post(s)
I would never, ever, consider investing in any 'social network' company on the grounds that they are absolutely at the mercy of fashionable whim, and fashion is fickle. They are generational. Where is Friends Reunited now? If you're a cool dude 15yo, how long would you want to stay on a site where your mum wants to 'friend' you? (Goodnight Facebook!). The driver is advertising revenues; the advertisers will follow the numbers; the next generation will always reject whatever their parents/older siblings did and go for something new. It's ephemeral. Take the money and run.

IMHO.
4 users thanked jeffian for this post.
J Thomas on 03/03/2017(UTC), Jon Snow on 03/03/2017(UTC), Sara G on 04/03/2017(UTC), Tony Peterson on 05/03/2017(UTC)
Jon Snow
Posted: 04 March 2017 00:13:52(UTC)
#5

Joined: 02/03/2014(UTC)
Posts: 981

Thanks: 642 times
Was thanked: 730 time(s) in 394 post(s)
^
What Jeffian said. Totally agree.

My kids use this crud and I see what it does to them anxiety, jealousy, insecurity and the attention span of a gnat; so not like me 🙃.

I'm sure social media is reprogramming their brains.

Yet, they don't pay cash for these apps, bless them.

If I see another selfie by my sons girlfriend (on the duchesses phone obviously) - why do they think that anyone else gives a shirt.

As Pete Townsend said, hope I die before I get old. He must have known about Snapchat.
Jon Snow
Posted: 04 March 2017 00:20:10(UTC)
#6

Joined: 02/03/2014(UTC)
Posts: 981

Thanks: 642 times
Was thanked: 730 time(s) in 394 post(s)
How can these businesses float/be valued at billions, given they burn money.

Is it down to the cost of money and the chance of success?

Am I a Luddite or is a major correction on the way.

xcity
Posted: 04 March 2017 00:39:00(UTC)
#7

Joined: 12/04/2015(UTC)
Posts: 385

Thanks: 75 times
Was thanked: 348 time(s) in 180 post(s)
Jon Snow;44045 wrote:
How can these businesses float/be valued at billions, given they burn money.

Is it down to the cost of money and the chance of success?

Am I a Luddite or is a major correction on the way.


Certainly looking like 1999
1 user thanked xcity for this post.
Jon Snow on 04/03/2017(UTC)
Jon Snow
Posted: 04 March 2017 00:45:53(UTC)
#8

Joined: 02/03/2014(UTC)
Posts: 981

Thanks: 642 times
Was thanked: 730 time(s) in 394 post(s)
Query about scams - now resolved.
+ Reply to discussion

Markets

Other markets