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john_r
Posted: 09 June 2017 09:14:03(UTC)

Joined: 18/06/2010(UTC)
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I should be really happy this morning.

Berendsen up 43%,
BooHoo (my first 10 bagger) up another 18%

Instead, I feel gutted. I'm going out for the day.
5 users thanked john_r for this post.
dyfed on 09/06/2017(UTC), Andrew Smith 259 on 09/06/2017(UTC), c brown on 09/06/2017(UTC), Sara G on 09/06/2017(UTC), Keith Hilton on 09/06/2017(UTC)
Micawber
Posted: 09 June 2017 13:15:04(UTC)

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Yes, I bought BooHoo just two months ago and it's already 53% to the good.

LTG entering buyable territory if anyone's interested. Also Lok'n'Store looks needlessly marked down.

Our international pf weighting means we're well up today with the pound sliding away.
jvl
Posted: 09 June 2017 13:15:59(UTC)

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Added to my MNL stake. SMT's up today but MNL not nearly as much.

I have a slight reservation about it.

I had a tiny bet on there not being a majority and, last year, a tiny bet on Trump winning the presidential election. I keep winning these tiny bets. The trouble is that my only tiny bet remaining is on Trump being impeached. I wonder what that would do to MNL...
lynne shaffer
Posted: 09 June 2017 13:58:48(UTC)

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John-r

Berendsen is only up to where I sold at several months ago! Perhaps that's why you feel rather deflated!
dyfed
Posted: 09 June 2017 14:47:20(UTC)

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jvl;47775 wrote:
Added to my MNL stake. SMT's up today but MNL not nearly as much.

I have a slight reservation about it.

I had a tiny bet on there not being a majority and, last year, a tiny bet on Trump winning the presidential election. I keep winning these tiny bets. The trouble is that my only tiny bet remaining is on Trump being impeached. I wonder what that would do to MNL...


Can't see impeachment affecting tech stocks? Though it's true that Mike Pence is seen as pretty hawkish. Anyway if your bets are so successful maybe I'll buy some more MNL!
Andrew Smith 259
Posted: 09 June 2017 15:59:40(UTC)

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Micawber;47774 wrote:
Yes, I bought BooHoo just two months ago and it's already 53% to the good.

LTG entering buyable territory if anyone's interested.


Did you mean LTG? Learning Technologies Group plc (LTG) Not seen this one before?

Or

LTI - Lindsell Train Investment Trust plc

Tyrion Lannister
Posted: 09 June 2017 21:40:04(UTC)

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john_r;47767 wrote:
I should be really happy this morning.

Berendsen up 43%,
BooHoo (my first 10 bagger) up another 18%

Instead, I feel gutted. I'm going out for the day.


Assuming you're referring to the election result and Mayhem, why are you gutted?

A soft Brexit is now the likeliest outcome - that's good news for UK businesses and good news for those of us who invest in them.

The short term is looking weak and wobbly but investing is about the long term.
Tyrion Lannister
Posted: 10 June 2017 00:05:14(UTC)

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Sara G;47757 wrote:
My understanding is that the yield quoted does not include the impact of charges for ITs. There is no reference to it on the HL site at least. I'm not sure about UT's.


I know for sure that UTs figures are quoted after charges, I called HL and asked. I'll call again next week and ask about ITs.
1 user thanked Tyrion Lannister for this post.
Sara G on 10/06/2017(UTC)
john_r
Posted: 10 June 2017 12:15:10(UTC)

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lynne shaffer;47777 wrote:
John-r

Berendsen is only up to where I sold at several months ago! Perhaps that's why you feel rather deflated!


Berensen!
Sorry Lynne, what I should have said was Berendsen is up 43% since I bought them at the begining of May. The French have got a bargain imo.

Mr Helpful
Posted: 11 June 2017 09:42:09(UTC)

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Does anyone have a view on the present HICL price?

The premium on HICL has narrowed.

Could the perennial issues of new stock be behind the current weakness?

Andrew Smith 259
Posted: 11 June 2017 10:15:52(UTC)

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Mr Helpful;47818 wrote:
Does anyone have a view on the present HICL price?

The premium on HICL has narrowed.

Could the perennial issues of new stock be behind the current weakness?



I currently hold HICL.

I did think the timing of their purchase of a stake in Affinity Water was quite funny really coinciding with the launch of Labours manifesto which talked about renationalising water companies. I guess talk of nationalising water, electric. Transport and Royal Mail is off agenda for a few weeks/months depending how things go for Theresa May. If another election happens October 2017 or in 2018 then nationalising industries will be back on the agenda sadly.
1 user thanked Andrew Smith 259 for this post.
Mr Helpful on 11/06/2017(UTC)
jvl
Posted: 12 June 2017 16:11:48(UTC)

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Tyrion Lannister;47789 wrote:

Assuming you're referring to the election result and Mayhem, why are you gutted?

A soft Brexit is now the likeliest outcome - that's good news for UK businesses and good news for those of us who invest in them.


Perhaps some of us think that proper Brexit would be a good opportunity and good long-term news for UK businesses and the anti-business mood of much of the country is depressing us?
Jim S
Posted: 12 June 2017 17:22:02(UTC)

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jvl;47863 wrote:
Tyrion Lannister;47789 wrote:

Assuming you're referring to the election result and Mayhem, why are you gutted?

A soft Brexit is now the likeliest outcome - that's good news for UK businesses and good news for those of us who invest in them.


Perhaps some of us think that proper Brexit would be a good opportunity and good long-term news for UK businesses and the anti-business mood of much of the country is depressing us?


The short & medium term outlook after leaving the EU will be very difficult for the UK economy on many levels. Long-term, i.e. 5-15 years later once new trade deals are signed with EU, US, China, India etc, hopefully things will improve. Many of those deals will be negotiated from quite a weak UK position. We will have to wait and see whether, eventually, our economy is in better shape as a result. I suspect we will still be worse off even once the dust has settled, by which time of course it will be too late to do much about it.

I don't think the mood of the country is anti-business. However, there is a feeling among many that the working class have been paying too high a price for the Conservatives' failed austerity policy, what with falling real wages alongside growing income inequality, as well as relentless cuts to NHS and education. Then you have the ongoing aggressive tax avoidance by multinationals and individuals who are seen not paying their share. I think those factors plus the lacklustre conservative election campaign explain the result last week better than any general anti-business mood. They also help explain the fertile ground for the 'anti-establishment' Brexit campaign last year.

The Brexit vote has been widely interpreted as a vote for immigration controls, so sadly I don't think soft Brexit is a realistic option any longer. Its hard at the moment to predict the political consequences of the economically-painful and divisive Brexit process which lies ahead, but I'm not optimistic.
2 users thanked Jim S for this post.
Tyrion Lannister on 12/06/2017(UTC), Richard T on 12/06/2017(UTC)
Tyrion Lannister
Posted: 12 June 2017 18:02:04(UTC)

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J O Hambro UK Equity Income vs EDIN?

I'm going to invest in one of these two funds but struggling to chose.

My gut feel says EDIN, it has lower fees and the HL platform charge will also have a bite of J O Hambro.

But the J P Hambro fund generates an extra 1% income and has produced better capital growth in the past.

Any comments?
Jim S
Posted: 12 June 2017 18:51:33(UTC)

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I agree there's not much to choose between them! Both high conviction, solid performers.

Personally I would go with EDIN. Mark Barnett had a relatively bad last 12 months (partly due to having no miners I think) but still has an excellent long term track record. Plus its a bit cheaper to hold, and the discount is currently a few % under the 12 month average (although 6% isn't cheap).

On the other hand, JO Hambro is heavy on Oil and banks, plus a bit safer (its ungeared and you wouldn't need to worry about the IT discount growing on Brexit worries). So it might be slightly less risky in a way but also more growth dependent (oil, miners, banks + others vs EDIN tobacco + others).

If in doubt, you could look at the top 10 holdings and see which you prefer?
1 user thanked Jim S for this post.
Tyrion Lannister on 12/06/2017(UTC)
jvl
Posted: 13 June 2017 08:19:01(UTC)

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Jim S;47868 wrote:

The short & medium term outlook after leaving the EU will be very difficult for the UK economy on many levels. Long-term, i.e. 5-15 years later once new trade deals are signed with EU, US, China, India etc, hopefully things will improve. Many of those deals will be negotiated from quite a weak UK position.


As we've seen quite a lot in the past year, no one really knows any of this.

However, I believe it will be difficult and we'll negotiate from a weak position with the EU simply because the public is apparently anti-austerity. So the option of lowering taxes, regulation and public spending and trying to balance the budget is, apparently, out. There's no implied threat to turn the UK into Singapore so the EU will feel safe to offer us worse terms.
Big boy
Posted: 13 June 2017 08:42:56(UTC)

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In the past I have always found it wise not to follow the economics (story telling) but follow the markets and investor behaviour.

Governments can't forecast the future with all their clever brains how can we. Looking at the past will put you in close to the top which makes investor feel safe whereas the more unsure you are the better as other investors follow you in later.. What happened to all the future projections for the oil price and the implications for world economy's

I noticed yesterday the following..

FTSE 100. -0.21%
FTSE 250 -0.44%
SMT. -2.75%
3 users thanked Big boy for this post.
Mr Helpful on 13/06/2017(UTC), Mickey on 13/06/2017(UTC), jvl on 13/06/2017(UTC)
Bellabeck
Posted: 13 June 2017 13:54:51(UTC)

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Looking at tech bias ITs as values weaken, which IT is similar to SMT in terms of holding Alphabet, google etc? I cannot recall the name of it, think it has better discount than SMT
chazza
Posted: 13 June 2017 14:39:56(UTC)

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MNL has big chunks of US tech. discount now around 16%
1 user thanked chazza for this post.
Bellabeck on 14/06/2017(UTC)
Mickey
Posted: 13 June 2017 14:46:17(UTC)

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Arabella Tullo;47902 wrote:
Looking at tech bias ITs as values weaken, which IT is similar to SMT in terms of holding Alphabet, google etc? I cannot recall the name of it, think it has better discount than SMT

Possibly Allianz Technology Trust?
2 users thanked Mickey for this post.
Bellabeck on 14/06/2017(UTC), Tim D on 14/06/2017(UTC)
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