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King Lodos
Posted: 10 March 2018 18:28:31(UTC)

Joined: 05/01/2016(UTC)
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john_r;58500 wrote:
Which platforms are offering Lodus 8


I think it needs an 80s-hedge-fund name like Thor Hammer Capital .. Bold and all-conquoring, with its 8 stocks
1 user thanked King Lodos for this post.
c brown on 14/03/2018(UTC)
chubby bunny
Posted: 10 March 2018 19:00:30(UTC)

Joined: 31/10/2016(UTC)
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Lodo Safe Hands Investment Trust, or Lodo SH IT for short.

;-)
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Hank Elvis Dobbs (texan) on 10/03/2018(UTC), Andrew Smith 259 on 10/03/2018(UTC), Mickey on 11/03/2018(UTC), dlp6666 on 12/03/2018(UTC)
King Lodos
Posted: 10 March 2018 20:20:02(UTC)

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Safe Hands Investment Tycoons Hedged Overlord Trust
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Andrew Smith 259 on 10/03/2018(UTC), john_r on 11/03/2018(UTC), dlp6666 on 12/03/2018(UTC), c brown on 14/03/2018(UTC)
Sara G
Posted: 12 March 2018 12:01:56(UTC)

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Bought RMMC. Discount impossible to ignore - a change of management often turns out to be a good entry point and I think there has been an overreaction to the circumstances of the former manager's departure - the holdings are just as attractive as they were a couple of months ago. (There's a useful article on the CW IT Insider site.)

3 users thanked Sara G for this post.
Fuzzy Beats on 12/03/2018(UTC), redriff on 14/03/2018(UTC), c brown on 14/03/2018(UTC)
Fuzzy Beats
Posted: 12 March 2018 13:16:40(UTC)

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Sara G;58584 wrote:
Bought RMMC. Discount impossible to ignore - a change of management often turns out to be a good entry point and I think there has been an overreaction to the circumstances of the former manager's departure - the holdings are just as attractive as they were a couple of months ago. (There's a useful article on the CW IT Insider site.)



Good spot - although I see HL has the ongoing charges figure listed as 5.52%.

Shurely shome mishstake?
1 user thanked Fuzzy Beats for this post.
c brown on 14/03/2018(UTC)
Fuzzy Beats
Posted: 12 March 2018 13:21:58(UTC)

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Sara G;58246 wrote:
Bought GFRD at 836p. P/E is below 7 and it seems to me that the recent capital raising and association with Carillion have led to an overreaction (especially as raising capital is largely what equity markets are for). Prospects good, results solid and so not a value trap in my view - even though the current 11% dividend makes it look like one!


After considering the merits of this post, I dived in at £8.19.

Shares up to £9.50ish already with more to come (I hope!)
2 users thanked Fuzzy Beats for this post.
Sara G on 12/03/2018(UTC), dlp6666 on 13/03/2018(UTC)
Sara G
Posted: 12 March 2018 14:39:56(UTC)

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Fuzzy Beats;58591 wrote:
Sara G;58584 wrote:
Bought RMMC. Discount impossible to ignore - a change of management often turns out to be a good entry point and I think there has been an overreaction to the circumstances of the former manager's departure - the holdings are just as attractive as they were a couple of months ago. (There's a useful article on the CW IT Insider site.)



Good spot - although I see HL has the ongoing charges figure listed as 5.52%.

Shurely shome mishstake?


Yes, the costs tab suggests that most of the charges are 'incidental' costs, which I think would include the performance fee. Headline figure is 1.28% according to Morningstar. Still a bit pricey, but if you're buying the likes of Blue Prism on a double digit discount I think it's worth it.
1 user thanked Sara G for this post.
Fuzzy Beats on 12/03/2018(UTC)
Fuzzy Beats
Posted: 12 March 2018 17:40:53(UTC)

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Sara G;58593 wrote:
Yes, the costs tab suggests that most of the charges are 'incidental' costs, which I think would include the performance fee. Headline figure is 1.28% according to Morningstar. Still a bit pricey, but if you're buying the likes of Blue Prism on a double digit discount I think it's worth it.

Hmmm - I've now read the latest article in ITI.

On one hand you can argue that Rodrigs has already picked all the right stocks. On the other you are handing the reins over to someone who has had no experience of running a fund. What to do...

An alternative consideration could be Rights & Issues. Simon Knott is a vastly experienced manager who has produced 10 year annualised returns of 14% on this smaller companies trust. Currently trading on a 12% discount. OCF is just 0.45% with no performance fee!
5 users thanked Fuzzy Beats for this post.
Sara G on 12/03/2018(UTC), neville dwards on 12/03/2018(UTC), dlp6666 on 13/03/2018(UTC), Jim S on 14/03/2018(UTC), c brown on 14/03/2018(UTC)
Jim S
Posted: 14 March 2018 09:48:44(UTC)

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I still think SVM UK Emerging is decent value, although not quite the bargain of a few months ago. Also I read somewhere SVM was in the top ten fund management groups for average fund overperformance (in 10th spot admittedly, no suprise BG was number 2)

Burford up 22.2% so far this morning (not sure why), Dignity +15.7%. Happy days.
2 users thanked Jim S for this post.
Mickey on 14/03/2018(UTC), c brown on 14/03/2018(UTC)
dyfed
Posted: 14 March 2018 10:32:10(UTC)

Joined: 01/09/2016(UTC)
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Sara G;58584 wrote:
Bought RMMC. Discount impossible to ignore - a change of management often turns out to be a good entry point and I think there has been an overreaction to the circumstances of the former manager's departure - the holdings are just as attractive as they were a couple of months ago. (There's a useful article on the CW IT Insider site.)



Sold BAB (at 16% loss, my worst in a long while: bought on the way down, was planning to hold, but they've since been pretty downbeat so put in a stop loss after the recent gentle rally) and bought RMMC.
Looking at SYM - biodegradable plastics, but see it's up 7% today so probably missed the boat on that one. Sigh.
3 users thanked dyfed for this post.
Sara G on 14/03/2018(UTC), Slacker on 14/03/2018(UTC), gillyann on 14/03/2018(UTC)
Sara G
Posted: 14 March 2018 11:36:42(UTC)

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dyfed;58706 wrote:
Sold BAB (at 16% loss, my worst in a long while: bought on the way down, was planning to hold, but they've since been pretty downbeat so put in a stop loss after the recent gentle rally) and bought RMMC.
Looking at SYM - biodegradable plastics, but see it's up 7% today so probably missed the boat on that one. Sigh.


I'm facing a similar dilemma with BT having bought in around 270p and topped up at 236... down again today, although an item on the ii site suggests that the low may be in at around 230.

I sold BEEP the other day for a small gain... it was bought as a value opportunity and I had planned to hold, but recent events have cast the governance risks in a new light as far as the Russian holdings are concerned. (I'm no longer overly keen on Turkey either.) I don't normally react to this sort of thing, but it's a risk I don't need to take. Proceeds will go to the Baillie Gifford US Growth Trust IPO - a leap of faith perhaps, but it feels like a more positive investment story for the long term.

More generally I'm moving away from the idea that I need to have exposure to all regions (otherwise I might as well buy a global tracker).
7 users thanked Sara G for this post.
Mr Helpful on 14/03/2018(UTC), dyfed on 14/03/2018(UTC), Keith Hilton on 14/03/2018(UTC), Vince. on 14/03/2018(UTC), gillyann on 14/03/2018(UTC), c brown on 14/03/2018(UTC), Peter59 on 26/03/2018(UTC)
Mr Helpful
Posted: 14 March 2018 11:54:55(UTC)

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Sara G;58710 wrote:
I sold BEEP the other day for a small gain... it was bought as a value opportunity and I had planned to hold, but recent events have cast the governance risks in a new light as far as the Russian holdings are concerned........ I don't normally react to this sort of thing, but it's a risk I don't need to take.


"And this, too, shall pass away." ???

Few remaining pockets of faint value include Russia, plus Asia/Pacific and the now quite unpopular UK, where have been increasing exposure on weakness recently via ITs.
Topped up VUKE, the FTSE100 tracker yesterday. How about that for a wild choice!
Also added to III (Private Equity) today.
All quite minor stuff.

Portfolio Stock weighting now remains a few percent below desired target, as a result of the recent sell-off.
3 users thanked Mr Helpful for this post.
Sara G on 14/03/2018(UTC), dyfed on 14/03/2018(UTC), gillyann on 14/03/2018(UTC)
Hank Elvis Dobbs (texan)
Posted: 14 March 2018 14:16:48(UTC)

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Sara..its more about exposure to sector...well done with Prudential ...someone mentioned boredom..sure fire way to underperform..x
1 user thanked Hank Elvis Dobbs (texan) for this post.
Sara G on 14/03/2018(UTC)
Hank Elvis Dobbs (texan)
Posted: 14 March 2018 14:18:58(UTC)

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..Go and watch a film (the bored amongst you)...save you a fortune in the end..
2 users thanked Hank Elvis Dobbs (texan) for this post.
dyfed on 14/03/2018(UTC), Tony Peterson on 14/03/2018(UTC)
Micawber
Posted: 14 March 2018 14:51:37(UTC)

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Over the past week I've bought Cairn Homes, VEIL, FTEK, and doubled in SIHL (on spotting two multimillion off-book buys and another from BTEM). It was either double or quit.
Holding BEEP btw.

Sold ANII and HVPE in one offspring's pf and bought VEIL there too, and topped up her ROBG.

Added to Fundsmith in another offspring's pf with new money.
5 users thanked Micawber for this post.
Sara G on 14/03/2018(UTC), gillyann on 14/03/2018(UTC), c brown on 14/03/2018(UTC), dlp6666 on 16/03/2018(UTC), Hilary hames on 19/03/2018(UTC)
Jim S
Posted: 14 March 2018 15:00:26(UTC)

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I notice MNL's discount is heading back to interesting/reasonable levels
2 users thanked Jim S for this post.
Sara G on 14/03/2018(UTC), dlp6666 on 16/03/2018(UTC)
Tony Peterson
Posted: 14 March 2018 17:33:30(UTC)

Joined: 10/08/2009(UTC)
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Hank

I took your adviice and watched "Dr Strangelove"

Fairly appropriate for today. "We'll meet again......"
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Hank Elvis Dobbs (texan) on 14/03/2018(UTC)
Hank Elvis Dobbs (texan)
Posted: 14 March 2018 20:49:26(UTC)

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I know Corbyn's watching 'Silence of the lambs'
1 user thanked Hank Elvis Dobbs (texan) for this post.
Tony Peterson on 14/03/2018(UTC)
Tyrion Lannister
Posted: 14 March 2018 23:34:00(UTC)

Joined: 03/03/2017(UTC)
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I was about to top up TRG only because it’s suddenly selling at a decent discount. I hesitate because I don’t understand the reason.

Can anyone throw any light on this?
Tyrion Lannister
Posted: 14 March 2018 23:36:15(UTC)

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Hank Elvis Dobbs (texan);58746 wrote:
I know Corbyn's watching 'Silence of the lambs'


Corbyn is not our problem, blame Mayhem, Smog and co.
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