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Micawber
Posted: 03 January 2018 17:50:33(UTC)

Joined: 27/01/2013(UTC)
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Doubled in BooHoo last week, nicely up. Doubled in JESC today.

Begbies is rising strongly these past two days (I am pleased to see, now showing me +49% since last April's buy) and is one of my picks for Brexit and rising interest rates, so I would say still a bargain, with half a million UK firms in financial stress (they say) and BEG's figures steadily improving after insolvencies hit historic lows a couple of years back. But I can find no clues to the past two days in which it's put on ten percent.
2 users thanked Micawber for this post.
c brown on 03/01/2018(UTC), Jeff Liddiard on 03/01/2018(UTC)
jvl
Posted: 03 January 2018 18:08:53(UTC)

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I seem to remember Begbies was one of the Telegraph's 2018 picks a few days ago. More a hedge on higher interest rates than Brexit. I'm guessing you're a Times/FT man.
c brown
Posted: 03 January 2018 18:18:02(UTC)

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Begbies tipped in IC on 13 Dec at 67.5p. Thanks Micawber.
Micawber
Posted: 03 January 2018 18:19:20(UTC)

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jvl;54918 wrote:
I seem to remember Begbies was one of the Telegraph's 2018 picks a few days ago. More a hedge on higher interest rates than Brexit. I'm guessing you're a Times/FT man.


Ah, that probably explains the jump. Thanks. No way am I paying for the opinions that pass as "premium content" in that rag LOL!
3 users thanked Micawber for this post.
c brown on 04/01/2018(UTC), dlp6666 on 04/01/2018(UTC), AJW on 10/01/2018(UTC)
Micawber
Posted: 04 January 2018 09:19:06(UTC)

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Micawber;53893 wrote:
SOPHOS .....

I think it likely that in the medium term (6 months) the share price will recover as the placing works out into the market. .......


...and I see it is already back over 600p in the five weeks or so since that post. Holding.
chazza
Posted: 04 January 2018 10:07:17(UTC)

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Sold IBT from my Barclays ISA at 625 just before the close y'day, partly because I was not confident that Smartinvestor would not lose the divi, but also because the shares, trading at a negligible discount to NAV look expensive. Instead I've been buying the Polar Cap Biotech fund, which does not pay a divi but has performed better than IBT of late, and should be less vulnerable in a downturn.
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martin hargan on 10/01/2018(UTC)
Tug Boat
Posted: 04 January 2018 19:27:44(UTC)

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Sold Liontrust Global Income and bought FCPT
Tug Boat
Posted: 05 January 2018 12:42:28(UTC)

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This market is bonkers.

Sold everything and bought pork bellies.
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dyfed on 05/01/2018(UTC), Jim S on 05/01/2018(UTC), Sara G on 05/01/2018(UTC), Jim Thompson on 05/01/2018(UTC), Andrew Smith 259 on 05/01/2018(UTC), dlp6666 on 09/01/2018(UTC), The Spanish Inquisition on 10/01/2018(UTC)
Jim S
Posted: 05 January 2018 13:54:39(UTC)

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Just sold another chunk of MNL due to high faang valuations at the moment. Also if disc/prem is primarily something which shd reflect how good the investment manager seems to be, I think MNL is pricey. I will look to buy back in if it becomes better value again

Proceeds topped up Pictet Robotics

I'm also thinking about NSI. Its been on my watchlist for over a year, its still on generous discount (26% ish) which is narrowing gradually, I like the main holdings, recent performance has been good & it includes some defensives.
Anyone have a view? (do you hold it bigboy?)
Big boy
Posted: 05 January 2018 16:50:26(UTC)

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Jim S......I hold about 50/- shares bt at discounts of 30-35%.


The current NAV for NSI is 154.82p and bid/offer spread is 110.5p-119.9p At offer price the discount is 22.55% and bid price 28.82%. So very much a HOLD at this level. Would buy more at 30% (108.37p). Not easy to deal in but market in 25/- shares plus???
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Jim S on 05/01/2018(UTC)
jvl
Posted: 05 January 2018 16:56:29(UTC)

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Micawber;54921 wrote:
jvl;54918 wrote:
I seem to remember Begbies was one of the Telegraph's 2018 picks a few days ago. More a hedge on higher interest rates than Brexit. I'm guessing you're a Times/FT man.


Ah, that probably explains the jump. Thanks. No way am I paying for the opinions that pass as "premium content" in that rag LOL!


Then you'll miss all those juicy capitalist tips while wading through interminable 'Despite Brexit' headlines in other publications! ;)
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Guest on 05/01/2018(UTC), dlp6666 on 09/01/2018(UTC)
jvl
Posted: 05 January 2018 16:58:44(UTC)

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Jim S;55038 wrote:

I'm also thinking about NSI. Its been on my watchlist for over a year, its still on generous discount (26% ish) which is narrowing gradually, I like the main holdings, recent performance has been good & it includes some defensives.
Anyone have a view? (do you hold it bigboy?)


I've been thinking about it again recently, probably because I've noticed Crux Special European being mentioned a lot and it's a top holding in NSI. Still, that huge spread narrows the discount!
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Jim S on 05/01/2018(UTC)
Micawber
Posted: 05 January 2018 17:32:42(UTC)

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jvl;55052 wrote:
...

Then you'll miss all those juicy capitalist tips... ;)


A few years ago I ran a virtual pf when the Telegraph's Questor was Garry White. I still have it....and to date it has produced just £2,731.76 on a virtual investment total of £79,827.50 in 2012/3. Lamentable. Then I did the same after John Ficenec took over the Questor role. That's done a little better - but not famously: up £15,991.00 to date on a virtual investment total of £54,731.76 in the second half of 2013.

White's performance was damaged by his over-enthusiasm for miners, inter alia.

But the tips in Questor, and those in the Mail and for that matter IC, do give a short term lift of 5-10% on average as punters follow the betting. Then at the end of the year, the organ concerned does an article highlighting the ones that made good.....
2 users thanked Micawber for this post.
dlp6666 on 09/01/2018(UTC), The Spanish Inquisition on 10/01/2018(UTC)
Tug Boat
Posted: 05 January 2018 18:13:02(UTC)

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Yeah, but where does that leave my pork bellies?
Big boy
Posted: 05 January 2018 19:16:51(UTC)

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In your tummy Tug Boat.......
Big boy
Posted: 05 January 2018 19:28:29(UTC)

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Remember Micawber........."where there's a tip there's a tap". Most journalist don't do original research they just pass on the information from an Investor who has bought in at a lower level. Much better to buy before others then when they pile in you sell... Much better to be first in and first out....

If you have a tip for a horse don't tell anyone as the odds will be lowered. Tip a share and the price increases so shout about your purchase.
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Sara G on 05/01/2018(UTC), dlp6666 on 09/01/2018(UTC), Tim D on 09/01/2018(UTC)
Tim D
Posted: 08 January 2018 16:19:48(UTC)

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Combination of Xmas/NewYear "melt up" (this is an excellent read BTW) and my portfolio value blasting through another nice round "odometer number" got me in a mood to lock in some gains... so finally disposed of the last of my Jupiter UK Growth fund holding and sunk the cash into Capital Gearing Trust instead.

Bit of an "end of an era" about it... Jupiter UK Growth was where my first few years of PEP investments went back in the early-mid 90s, and overall it's outperformed the AllShare nicely since. However they actually had a pretty bad 2008, and from a 2007 start date performance is more or less in line with the index. My other long-held fund from back then is Jupiter European (half my PEP money went in UK Growth, half in European) and that's gone from strength to strength; so not getting rid of that one so quickly.

Also rolled some accumulated divis into growing my National Grid holding.
4 users thanked Tim D for this post.
Vince. on 08/01/2018(UTC), Andrew Smith 259 on 08/01/2018(UTC), Guest on 09/01/2018(UTC), martin turner on 10/01/2018(UTC)
martin turner
Posted: 09 January 2018 18:04:49(UTC)

Joined: 15/10/2013(UTC)
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We have a quite aggressive portfolio of IT's and stocks which has evolved over the last 20 years (unlike many, perhaps, I started with IT's like Herald, Eaglet and TR European Growth in late 90's). OTOH easily our largest holding is RCP in a regular investment account and I added 5% Gold during 2017 via SGLN.
2018. I decided to try to filter out non-performers and add even more 'attack'.
Sold SEC which has delivered in the past but lost its mojo (and manager).
Sold SST, which is well managed but feel I can do better.
Sold IBT. I am no longer convinced by the idea of paying dividends out of capital.
Bought ROBG etf. It just seems right to participate in this technology in some way. I also bought Blue Prism (after reading about it here), but the ETF is hopefully a broader bet.
Bought VNH (despite the charges!). I also have VOH which is showing 26% during the last 12 months. Vietnam is clearly a frontier market which is taking off.
I hold BGS but decided to sell BGFD and transfer to the parallel OEIC.
Comments on the above are welcome, of course, but the reason for posting is to give a little, having taken so much from the generosity and investment acumen of regular posters on this thread and others. Thank you in anticipation of another 'interesting' year.
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David BB on 09/01/2018(UTC), Vince. on 09/01/2018(UTC), Tim D on 09/01/2018(UTC), Guest on 09/01/2018(UTC), Keith Hilton on 09/01/2018(UTC), J Thomas on 09/01/2018(UTC), Harry Trout on 10/01/2018(UTC), satish mittal on 11/01/2018(UTC)
J Thomas
Posted: 09 January 2018 23:02:55(UTC)

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Martin,
Do post more often; your views and reasoning are welcome and a broad mix of input is essential for this forum to thrive.

In the past week I have added to individual shareholdings in PayPal, Estee Lauder, Rio Tinto, and Standard Life. All are up with the general uptick in markets since the start of 2018.
SMT is also behaving well since I purchased on the 7th Dec, up from £4.34 to £4.70 as of todays close, although if I were running SMT I would sell half the Tesla and Ferrari holdings and replace them with PayPal and Estee Lauder which I believe offer much greater long term returns due to global demographics.

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Tim D on 10/01/2018(UTC), martin turner on 10/01/2018(UTC)
Tyrion Lannister
Posted: 09 January 2018 23:42:35(UTC)

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Martin, I’m assuming you switched to the OEIC version of BFFD because of the ridiculously high premium?
In a similar vein, I switched from BGS to BG Japanese Smaller Companies. It’s not an exact parallel but I wanted to top up and wasn’t prepared to pay a near 10% premium.
2 users thanked Tyrion Lannister for this post.
Tim D on 10/01/2018(UTC), martin turner on 10/01/2018(UTC)
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