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chazza
Posted: 02 October 2017 14:30:16(UTC)

Joined: 13/08/2010(UTC)
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I have bought / sold very little for last 2 months. Largest purchase is Equiniti (EQN), which I already hold in an ISA, and which is showing c.100% profit on original purchase prices. My timing was in order to qualify for the Rights issue, which I have taken up in full for all our holdings. My rationale: the Wells Fargo purchase makes Equiniti a major player in US, where it can roll out its class-leading UK management systems, with prospects for substantial growth in a growing market. It should prove resilient , since maintaining the share register of major PLCs and managing pensions should not be too vulnerable in a downturn.
Up almost 10% since Wednesday, so my only regret is not buying even more.

Otherwise, I have made only very small top-ups to my European and Indian funds holdings.
I am still leery of UK. Whatever they are saying for UK domestic consumption, big multinationals have no confidence about the outcome of Brexit negotiations and are channeling new investment elsewhere in EU or further afield (e.g., Bloomberg interview with Nissan CEO on Saturday). I see the recent uptick in sterling as an opportunity for buying more European funds.
6 users thanked chazza for this post.
Mickey on 02/10/2017(UTC), Tim D on 02/10/2017(UTC), Guest on 03/10/2017(UTC), satish mittal on 03/10/2017(UTC), Micawber on 03/10/2017(UTC), Sara G on 03/10/2017(UTC)
geoffrey Walton
Posted: 02 October 2017 14:44:40(UTC)

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Mickey;51648 wrote:
Witan seems to have stalled of late which may explain the slight dip to a lower discount. RCP is on a ridiculous +8.5 premium, I tend to buy it when much lower but it has proven resilient for some time now. I'd probably opt for WTAN unless I was short Finsbury when I would top that one up.

Might be of interest that John Baron was buying Edinburgh Worldwide recently for its smaller co's element.



Thanks Mickey, I was short on Finsbury and have put £2K in.
Still undecided about the rest.
1 user thanked geoffrey Walton for this post.
Mickey on 02/10/2017(UTC)
Hank Elvis Dobbs (texan)
Posted: 02 October 2017 16:59:26(UTC)

Joined: 19/08/2017(UTC)
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..."say howdy to all the english folks fir me "

Howdy..

...That wus my sister Lorretta...Least I think she's my sister...

Had a nice chat with my good buddy 'Jethro' ... works down the Brickyard..went kinda like this...

"God dammit..Tell them limey's...most bricks outta stock till the new year"..

..seems like Blackrock are ahead of it with that little ole company from le..cester...shire.


Evenin...

I aint askin for much..I said lord take me downtown i'm just lookin for some Tush

1 user thanked Hank Elvis Dobbs (texan) for this post.
Captain Slugwash on 02/10/2017(UTC)
Big boy
Posted: 03 October 2017 07:18:00(UTC)

Joined: 20/01/2015(UTC)
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For you long term bulls of tech suggest you look at 20 year chart for Vodaphone. When £4.00 I was told they were excellent global blue chip and the mobile phone had an amazing future. I had just sold all my tech Investmnt Trusts
which had been purchased at big discounts.

I know a lot of you like looking at past performance........shares still half of high after 17 years. I only buy the big discounts and sell at 15% . Still 100% invested and sleep at night......it can be uncomfortable for a why as no other investors around but they will join you later.
2 users thanked Big boy for this post.
Mickey on 03/10/2017(UTC), Tim D on 03/10/2017(UTC)
Tim D
Posted: 03 October 2017 09:35:13(UTC)

Joined: 07/06/2017(UTC)
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Big boy;51677 wrote:
For you long term bulls of tech suggest you look at 20 year chart for Vodaphone. When £4.00 I was told they were excellent global blue chip and the mobile phone had an amazing future.


I'm guessing it's not quite so bleak taking the dividends into account (looking at data at http://www.dividenddata....idend-yield.py?epic=VOD and http://www.dividenddata....end-history.py?epic=VOD ; and there was a "special" over a pound paid in 2014).

Timing is everything though. Here's the 30 year chart (vs FTSE100):

VODvsFTSE100

(Neither line on a total return basis. Price here isn't distorted by splits too; most of those 'S's are pointless 1:1 events but there was a 5:1 at the peak of the dotcom and a 6:11 consolidation in 2014).

Anyone's guess what the current tech bull market will look like 20 years from now! (Are we currently at the equivalent of 1996? Or 2000?)
1 user thanked Tim D for this post.
Hank Elvis Dobbs (texan) on 03/10/2017(UTC)
Mr Helpful
Posted: 03 October 2017 10:41:41(UTC)

Joined: 04/11/2016(UTC)
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Some adjusting this week so far :-

added to IBTS (Short-Term Treasuries), US$ currency safeguard
trimmed SDV (UK small caps), a great favourite here, thanks
trimmed JRS (Russia), think KL also holds?
trimmed FPEO (Private Equity), still some headroom left

Watching a few other positions.
Nothing major.
1 user thanked Mr Helpful for this post.
Mickey on 03/10/2017(UTC)
King Lodos
Posted: 03 October 2017 12:23:38(UTC)

Joined: 05/01/2016(UTC)
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My Russia exposure's through JPM Emerging Europe and XMRC .. Still quite positive on Russia while the oil price is above $50.

Buying UK Small-caps today:
TB Amati UK Smaller Companies
Invesco Perpetual UK Smaller Cos IT

Small position – which I'll build if the trend continues, otherwise cut – because valuations aren't cheap anymore .. Bought more Schroder Italian the other day – Europe's also not looking cheap, but if you don't mind the risk of Italian banks, there may be pockets of values out there .. First time in years I've looked at valuations in peripheral Europe and UK Small-caps and they've actually looked expensive to me – so I imagine I might be going more to cash soon
2 users thanked King Lodos for this post.
Mr Helpful on 03/10/2017(UTC), Sara G on 03/10/2017(UTC)
Hank Elvis Dobbs (texan)
Posted: 03 October 2017 12:49:55(UTC)

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I guess I'll never know the reason why you love me as you do ...that's the wonder ..the wonder of you...
Howdy..
Just sat with my feet up on the front porch chewin on a pasty watchin 'em' fight over my Ferg...

Have a nice day

winki
Posted: 03 October 2017 13:48:35(UTC)

Joined: 08/02/2012(UTC)
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Noticed people are trimming Russia. I was thinking to put a bit more in, thinking the long term prospects are picking up. Am I missing something obvious?
Hank Elvis Dobbs (texan)
Posted: 03 October 2017 14:02:12(UTC)

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..NO..
King Lodos
Posted: 03 October 2017 16:40:32(UTC)

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winki;51690 wrote:
Noticed people are trimming Russia. I was thinking to put a bit more in, thinking the long term prospects are picking up. Am I missing something obvious?


Remember there's a buyer for every seller, so at any one time there are always the same number of people buying Russia as selling it. (prices have been going up, so demand seems to be on buy side)

Russia's had to bail out two major banks in under a month .. So there could be a systemic banking crisis brewing .. But valuations are very cheap – and there aren't many things in the world you can say that about .. I can't market time Russia – so on current valuations I'd say a 20% annual return is a best case scenario over 10-15 years, and technically it is a market that's been to 0% before (not that I think that'll happen) – so it's about working out how much you want to risk
1 user thanked King Lodos for this post.
winki on 05/10/2017(UTC)
Micawber
Posted: 05 October 2017 08:45:58(UTC)

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Micawber;50966 wrote:
Possible short term tactical buying opportunity in Inland Homes?

.....


Sold INL today clearing 15.24% profit in three weeks. I'll give the chimp another banana.
1 user thanked Micawber for this post.
David Sennewald on 05/10/2017(UTC)
Hank Elvis Dobbs (texan)
Posted: 05 October 2017 08:55:35(UTC)

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X
Mr Helpful
Posted: 05 October 2017 10:17:53(UTC)

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winki;51690 wrote:
Noticed people are trimming Russia. I was thinking to put a bit more in, thinking the long term prospects are picking up. Am I missing something obvious?


Probably not.
See JRS as longish term hold here unless price should get wildy overstretched.
Trimming is just part of general maintenance to add and subtract as price fluctuates.
Still see some upside potential remaining.
But that does not mean price is guaranteed to go up!
Lemanie
Posted: 11 October 2017 06:56:38(UTC)

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Micawber

May I ask, are you still holding Sophos and your reasons if so please?
Mickey
Posted: 11 October 2017 07:30:30(UTC)

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King Lodos;51699 wrote:
Remember there's a buyer for every seller, so at any one time there are always the same number of people buying Russia as selling it. (prices have been going up, so demand seems to be on buy side)...

Curious as to how relevant that statement is. Surely some buyers are forced as in the case of market makers.
Big boy
Posted: 11 October 2017 08:02:23(UTC)

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Micawber well done with Inland....

I am still punting Ocean Wilson which look cheap with Wilson Son Brazil up 20% over last few months. Hansa have been strong but discount narrowed.
1 user thanked Big boy for this post.
Micawber on 11/10/2017(UTC)
Micawber
Posted: 11 October 2017 08:14:37(UTC)

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Lemanie;51829 wrote:
Micawber

May I ask, are you still holding Sophos and your reasons if so please?


I am. I trimmed the holding in June to take some of the profit (since when it has gone up another thirty percent). It's showing me +221% over 20 months as of today with a firm uptrend of low volatility. The sector continues to be in demand. Sophos' September guidance was positive. They have good products (I was impressed to see the reviews for their mobile phone security app when I was looking for one last week, and chose it). I haven't re-analysed the fundamentals so cannot say whether I would buy today. Have there been any negative changes that should prompt reassessment (apart from Share Society whingeing)?
1 user thanked Micawber for this post.
Lemanie on 11/10/2017(UTC)
Lemanie
Posted: 11 October 2017 12:32:58(UTC)

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Micawber

Thank you for your insight/analysis of Sophos, I asked because I bought following one of your posts and still holding, at +42%.....I’ve read and know of nothing negative.

Thanks again
Micawber
Posted: 11 October 2017 13:54:43(UTC)

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Lemanie;51843 wrote:
Micawber

Thank you for your insight/analysis of Sophos, I asked because I bought following one of your posts and still holding, at +42%.....I’ve read and know of nothing negative.

Thanks again


For me, provided that revenues continue to grow, a watchpoint is the 20% or so held by private equity (APAX). Unloading that could depress the share price suddenly. Also, I'd be looking at how they move to profitability.

A drop of 10-15% from their current price (relative to the All-Share) would probably trigger me to sell.
1 user thanked Micawber for this post.
Lemanie on 11/10/2017(UTC)
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