The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Welcome back to cave Armani!
Yep building stocks sound good for the long term.
I'm currently leaning more towards aviva than lgen at the moment, there's a good article on them released today by Dr James Fox on motley fool which indicates substantial growth in eps over the next 2 years, I would have thought if a bid was to happen it would be before the next set of financial results if it doesn't happen then still sitting on a share with a good growth and cost cutting thanks to Amanda Blanc.
Morning Guys,
HB's .....I'm in BWY, BDEV, TW & trade VTY. Also PSN!
I think there will be further pull back due a longer period of high inflation.
We live in a world where media Shills yap 24/7 about zero fossil fuel/energy.
With no consideration of the knock on costs to industry from manufacturing to retail.....the real world knows its NOT transitory inflation.
FOOD Production is lower due to high fertilizer costs (industry used minimum) artificial fertilizer Nitrates manufactured from oil! Not wind turbines!!!
Fertilizer cost is higher than the cash crop...so the industry has lower yields AND world inept Government's yap climate change which is total guff!!
PUTIN
Very few countries have contingency plans.
So if a war breaks out ? do we all look at the headline news or put a contingency plan into operation.
Until the world has a proper discussion how to exit fossil fuel with a clear functioning model then its just going to be more shills yapping and more inflation.
Mostly ALL commodities are bought in USD which has also added enormous pressure to world inflation problems.
Back to HB's shares....will add more after updates early 2024.
ATB
Are you tempted by building shares Optimus?
Hi Guys, caves full of tumble weed and not a lot to report but still here and trading the market every day . It seems to get harder.. Good luck all cavers
*wouldn't surprise me not would.
Lgen 12% from about next 13 months 3 exs but also Nat West could be massive on payout if it repeats special dividends in August or was it just a one off for last year? not sure but special, interim and final came to about 80% of earnings.
Dividend history repeat(nat west) would see 50p paid out over 13 months roughly(about 20%) and a price target of 320p would surprise me ina favourable interest enviroment.
Today may signal the start of the recovery. Any inflation relief should see a bond market rally, and UK market would fly in that scenario IMV. I'm keeping my fingers crossed anyway!!
Hi guys Is the market broken? Yes I think it is… temporally at least.
FTSE goes nowhere… too many Financials and Oil and gas that hold it back and not enough Tech!
It’s just in a mess at the moment. Plenty of good dividend shares but zilch growth.
I have parked up all my cash in Virgin and Wise account… Wise give me 4.22% on GBP 4.79% on USD and 2.83% on Euros.. I hold and exchange real money in this account and I use my wise account as any other normal bank account. There are no restrictions and I get my interest every month which is great for income.
I am holding some dividend shares which I now use for income…
Has investing and trading worked for me long term? A resounding yes but it’s taken a great deal of my time needed a huge amount of attention and switching back and forth etc.
Good luck all
Hi Optimus - 'Is the market broken' is a great question. Essentially whole swathes of the market are trading at levels I have not seen in my 35 years in the industry. The whole financial sector, is going for a song, whilst Interest income for the banks should be flying, and, as discussed, the insurance companies in the annuities market (LGEN, PHNX, and now MNG). In addition, the discounts to NAV in the Inv Trust market are also incredible. Yes - our economy is structurally one of the worst in the West currently (for a variety of reasons) but some of the stock prices simply don't make sense. I'm going to hang in!!
Results out later this week, could carry on recovering imo.
Couldn’t agree more re Legal and General Matt and even cheaper now. The market is crazy.
You can pick up Marston’s for 30 p Vodaphone down at 75 P ..... ITV 70 p... 888 at 70 p .. Purple Bricks at 4p
Just noticed that iEnergizer has delisted. I use to trade them around the £5 mark dropped to 50 p before they delisted.
Is the market broken?
I’m holding a few stocks but mainly trading F/X and bizarrely it’s become slightly more predicable.
GL all
All quiet here - hope all is well.
I don't get the LGEN price. The Firm is growing and the bulk annuity business (where they are leader) is going to grow strongly for years to come, which also helps their asset management business. Yet the stock is on 6x earnings with a 7% yield. It's absolutely bonkers!! It is now my biggest holding.
Nice work on LGEN you shoud be quids in at the buyin price you would have got .. Housebuilders are picking up too
GL gs and all
I've gone in quite heavy on lgen, selling other parts of portfolio.
Quite keen on housebuilders too.
My posts are opinion only etc.
Hi Gs Already in lgen and its taken a mega bashing over the last three days.
Foxtons used to be one of my trading shares and it went down and down so i forgot it......... Ill take a look.
weatherspoons could be a good suggestion especially with the brexit beer tax reduced today in the budget.
Hilton i don’t know that one ill look .
GL all
Weatherspoons might be worth looking at starting to recover, could end up being last pubs remaining.
Foxtons gaining revenues from rents going sky high.
Lgen always a favourite 8% yield good.
Hilton steadily rising.
Cavers a more select group nowadays lol but visitors are always welcome.
Ok here we go and its back to the "broken market" If we have learnet anything over the last 20 years we have learnt one thing never ever buy shares in Banks.
Banks cant live with them, cant live without them ...but can... deffinately not buy shares in them.
My next wad of cash if I get any, half will go under the mattress the rest will get spent on a holiday ABTA guaranteed obviously.
GL all
Reason for sell off from C/P Investors Chronicle
Today's markets: Stocks sell off over bank fears
MARKET OUTLOOK
by The Trader
Share prices are tumbling today following a sharp sell-off on Wall Street amid a sudden crisis of confidence in the US banking sector.
European banking names are down between 4 and 8 per cent in early trading. Credit Suisse has fallen to a new all-time low and financials on the FTSE 100 are down around 4 per cent, with HSBC losing 5.3 per cent and Barclays 5.4 per cent.
Overall this has led to one of the worst red days for a while. The FTSE 100 is down 1.7 per cent, the DAX 1.4 per cent and the CAC 40 1.3 per cent. It follows a drubbing in the US last night, with the S&P down 1.9 per cent and the Dow 1.7 per cent. The S&P hit 3,918, and broke through its 200-day moving average and March low. It’s expected to open another 0.7 per cent down, futures trading shows. This also incorporates jitters about payrolls data due out later today (more on this below).
The sell off was sparked overnight by SVB Financial, which sank by more than 60 per cent. Silicon Valley Bank, a prominent lender to tech startups, announced a $2.25bn capital raise in response to a $1.8bn loss on the sale of a portfolio marked at $21bn. The bank, whose deposit base has been declining in part because its customers are particularly concentrated in the venture-backed US start-up sector, sold the bonds in a bid to raise cash. The portfolio included US Treasuries and mortgage-backed securities. Concerns over the marks on other bond portfolios in the sector prompted selling elsewhere. Bank of America and Wells Fargo declined 6 per cent and the KBW Nasdaq Bank Index slipped 7.7 per cent, its worst performance in three years.
It might be overdone. SVB does not represent the wider US banking sector, albeit the plummet in its shares clearly hit sentiment. It seems as though SVB was just gripping the wrong end of the stick with regards to rising interest rates, parking way too much of its assets in long-dated bonds which it thought safe but are now worth a lot less. Funnily enough, bond yields fell sharply as investors went into fixed income amid some potential signs that the Fed’s rate hikes might be working.
Weekly jobless claims in the US jumped by the most in five months. While SVB probably doesn’t portend a wider banking crisis, it could be the straw that breaks the camel’s back as far as the market is concerned. We’ve been waiting for the final flush and peak rate expectations plus nascent signs of cracks in the US economy is the right ****tail of risks for markets to fall.
Hi Matt and all ... yes good question all hiding out somewhere i suppose...
Today a massive drop on the FTSE and even the pundits dont seem to know why.
Ive been shorting the F40 Cac with some success but missed the big drop today. I got stopped ou of a GBP/USD short. this mornig all wierd stuff going on before norn farm payrolls come out at 1.30.
The mega drop on the Ftse temped me to buy a wad of LGEN . Ive traded LGEN four times this year so i hope for another tick up pre ex divi .
I have to say my Virgin off market one year income bond has been really great for me this year paid monthly and just shy of 4% with no risk. Good luck all
Only 4 of us in the comp this year then? Blimey, where have all the cavers gone??
Armani-Greggs 2372p 2634p +11.4%
Mtb- kr1 25p(ref hl open price) 52.5p +120%
Gs-Deltic Energy 2.50p 2.9p +16%
Optimus-Rolls Royce 94.76p 107.8p +13.8%
Thanks Matt yes thats extremely helpful and much thanks for taking the time to work through those querys.
All very helpful indeed.
l will pass on the info this weekend
Opti
I'm less of a pure pensions man, more of a pensions investment expertise if you see what I mean. However, some observations:
If he's above 55, he can take the money and either
- invest it in a different pension structure (maybe the one from his current employer). That said, tend not to see very many high yielding cash funds in the institutional space, but should be better now than a year ago
- Take it as a lump sum as part of the cash commutation allowance (currently you can take 25% of your total pension value as cash tax free) providing this hasn't already bee used ie I think this can accessed with out any tax having to be paid
Neither of these approaches causes an issue with the other pension pots as far as I'm aware, apart from lowering the amount that be taken tax free as some of this allowance has now been used.
Does that help?
Hi Matt and thanks for taking a look
This person has one pension from a previous employer, this pension is suspended but the fund is still being managed for current employees.
This person is currently in work and paying into another work based pension.
This person also has a Sipp currently there are no active shares in it they have been sold. Its cash that’s is in it from the sale of shares. Its a small enough amount to take out in one lump sum.
Also in this sipp is a suspended holding from Woodfords wound up fund awaiting for a conclusion and hopefully a final pay out.
With regards to the sipp there is no intention to repurchase shares so the cash is just sat there but its costing a management fee .
The question is could the cash lump sum be taken out of the sipp and invested in a high interest bank account to accrue interest without any penalties with regards to the other pensions.
we are aware a tax liability of the cash from the sipp would need to be paid
This person if of an age where a pension can be taken.
Hope this makes some sense