There are approximately 40 apartments left all upper floors premium priced where 2 beds start at £550k rising to over £700k All I beds have been taken care of so approximately £25m worth of kit left .where they have over 3 years to sell!!! About £130 m gross taken care of already It seems that Shanghai wasnt a particularly happy hunting ground relatively speaking especially if you compare that to the sizeof the city which is almost 4 X as populous as Singapore. where they went like hotcakes y any stretch of the imagination that is a fantastic launch and 2 fingers to the death of the London Property Market brigade .Well done Whats next??
Cant find anything relating to any availablity on The Strat site.As far I am aware everything went in Asia apart from a few premium priced apartments which they have held back to be released at some future date .Anybody noticed on their travels any construction activity on sites earmarked "future" Terrace have a look on Youtube Myfanwy Tonyrefail Working Mens club
We all try different things at different times in our lives, it may be a gamble at times but it makes life much more interesting. BTW have you seen that INLAND HOMES have broken the 52 week high after super news. Another one of my long term holds. Atb Barrers
Tesco and alternative TEF shares
I have small punts on Carbo Ceramics and CEMEX. Carbo is a company that makes ceramic beads that go into shale gas water compounds that keep the hydraulically induced cracks 3km down open so the gas and oil will flow. Much better than sand that was previously used which tends to crush and lets the expensively created crack close up again. As such these tiny beads can be charged out at up to 18% of the cost of the well. Big margins for a IP protected product. It was a play on the growing shale gas and hydrofracking in general and as the only company with this technology benefits industry wide and not dependent on any one company to buy. Yet thus far Carbo has declined with the oil price as fracking is an activity that will only grow if the oil and gas price is above a certain amount. Once can get too clever. I have another small punt on CEMEX which is currently 12 dollars and was 40 pre-crash . There has been little dilution and it may be 40 dollars again. Basically a play on recovery in the US construction sector. I bought 4 years ago at 10 quid so a rather modest gain for all the pain. I did a bucket of 10 small oil companies following on each an IC recommendation thinking if 2 or 3 hit the dust the 7 or 8 would come through. No such chance. Only 1 did well and the rest did terribly. Luckily I bailed when my loss was not too great and I won’t do that again. Just gambling. I did a punt on Provoxis based on some enthusiastic blogs on the tw site. Went down. I bought a bit of Stockland Halladale based on some professional dealings with them. Went nowhere. I did a put on the Vietnam index on the theory of the shift of manufacturing from China to the cheaper Asian periphery. Went down. I did a short put on LAM which was a technology play for USA on a friends recommendation of company strength . Went down but has recovered but nowhere as good as TEF. Earlier I had a large position in Barclays, Lloyds and RBS. These were over 1/3rd of my total position and I held a lot of Barclays for diversification purposes and as a hedge against the volatility of the UK building sector. I also felt that the powers that be would allow the banks to make above average profits by widening the spread to rebuild thier damaged balance sheets as I'd observed in the Mexican banking crisis of 1993-4. Big mistake. It did happen for a while but the Euro crisis and banker bashing kicked in. Barclays ended up more volatile than the smaller builders. Barclay’s dip to 137 in October 2011 bust my TEF and TW position. I’ve been rebuilding my position ever since. I’ll stick to the sector and share I know. Diversification for the sake of it is not for me. If I ever find another share or sector I know as well and like as well as TEF of course but for now nearly 100% is in TEF and I think that is the minimum risk going forward. Trying to beat the index is difficult and one needs a thesis as to why your choices will beat the average
Its a viagara free zone in Aberystwyth ,Tesco Express have recently opened an Express with an ATM . Someone from head office must have used google translate to sign up in welsh They meant to say free withdrawals but in Welsh it came out as Free Erections.Another Tesco cock up !!
Barres if this for me I am not being personal. It is knowing the workings of a supermarket. If you work in the food industry and know how food contracts work with suppliers you would understand. Suppliers initially welcome such contracts from supermarkets but many have walked away because of the uncertainty as they can cancel these contracts at will, leaving you will all the setting up costs which, in Lincolnshire, has destroyed firms. The way supermarkets operate in contracts, promotions and money back from suppliers for giving them these contracts has led to this £263m black hole which is why I say more problems might be on the horizon from these Tesco's suppliers. Enough said. I put all my time looking at the construction industry for investments.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.