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A bit more at just over 89p
I see that on 6 October, the chairman, Arthur Copple bought 50,000 at 94 pence. That’s a decent vote of confidence. Surprised it’s not had any impact on the SP. Pretty much the whole market went up today (FTSE All Share index was up by 1.8%) but we went down 2%. Time to check MTU’s holdings!
Only a matter of time before smaller companies are back in vogue gents. Fair amount of trusts in the same boat, with myself holding NAS,THRG,OIT, HRI in the UK arena.
Been adding along the way with divi's from other sources BP,SQZ and other IT's but generally my portfolio is back to the start of the year - churning. Keep adding it will come good. GL
At a little over 97p
More at under 99p - good exposure to FTSE 250
at 106p
Well, here we are at or close to the end of the 1st qtr of 2023 and there has been turbulence in the market. Let's not forget where the portfolio for MTU is focussed - UK and smaller companies.
Must admit that I took a few shares off the table in February before I went skiing, but my core holding remains intact (and under water). Right now, my strategy is to sweat things out - dividends continue to roll in so I can fund either mine or my wifes ISA fully on 6 April when the new tax year starts.
My hunch is that the worst is actually over (in terms of inflation) for the worlds largest economy but it might just tip into a recession albeit a technical one to curb inflation rather than some other deeper cause such as trade barriers/isolationism that stifles the international movement of goods/services/people. The businesses that become the first casualties are small ones as they tend not to have the fat to draw against in difficult times.
The questions I always ask myself whenever I review my portfolio (quarterly) include, does my portfolio have sufficient exposure to cope with a prolonged downturn and if sentiment changes from needing to be defensive to provoke the comment, is there sufficient exposure to achieve capital growth (which is the primary goal for my portfolio based on a HIGH risk strategy)?
So right now, I am disinclined to add to my holding in MTU, despite the allure of investment trusts, but I am also averse to selling since my stake is held in ISA wrapper and I will not have the benefit to carry a tax loss forward for CGT purpose.
The biggest faller on my watch list this morning... got to be one of the worst performing trusts in the world! Yet, nothing from the trust managers! Heads probably buried in the sand no doubt!
at 113p
The contention which I have is that the first qtr of 2023 is going to be pretty turbulent but between April and June, this investor will once again be fully invested and maintaining a HIGH risk strategy. The war between Russia and Ukraine shows little sign of running out of steam BUT the west will know that there is no point in putting Mr Putin into a corner as the consequences could be catastrophic, especially if Ukraine is supported with weaponry that has range beyond its borders.
Mr Putin needs really to call a ceasefire or, if his armies continue to bombard the infrastructure and thus target civilians, my hunch is that there will be efforts made for internal uprising to topple his regime.
Anyway...... Christmas is approaching, the worst of the bear market seems to be behind us now and MTU has the hallmarks of growth again.
Correction - not woken up yet - misread message.
order was NOT executed
at 93p (an order triggered yesterday)
This stock, as suspected, continues to suffer more than most. It's almost as bad as Boohoo and that's saying something. I wrote in a previous post I think it might get 2yrs or so before it recovers. It needs to go up 60% before I break even! I might revise that to never! As always, naff all from the trust managers. Shameful. Yes, I'm a very frustrated investor. Anybody else?
I am not a trader, but I have been around a long time. My tentative start in building a portfolio began in 1978, a year before I left University. My portfolio has seen boom, bust, changes of Government, war, recession, pandemic and atrocity such as the Twin Tower terrorist attack.
It has grown in that time to out perform the market, produced more gains than losses and many stock picks that were written off as worthless. Woolworths, Albert Fisher, Marconi, Cenes, Graphene Nanochem, Thomas Cook and many many others.
The UK faces recession once again. A recession which the Bank of England predicted would start in the 3rd qtr of 2022 and last for 5 qtrs. The definition of a recessions starting is 2 qtrs of a contraction in the economy.
What is of interest to and u derstood by investors picking their way through my drivel is that the market is forward looking and my hunch is that at the point when recession is “declared” then that is the time for us to get our cheque books out.
The received opinion is to face 5 qtrs misery according to BofE. But the market discounts this as it is forward looking. The recession started last qtr. BoE expects it to last 5 qtrs, so we thus need to eliminate the last 2 months of the cycle. And that takes is to the Spring of 2024 when it is all over. Markets are forward looking that will have an end 6 months before the “actual end” which takes is to This time in 2024.
The received opinion suggest that the inflation worry will be elimated by Xmas 2024 and thus investors should be fully invested by April 2024. I have a different contention,
Continued at a later date.
Now at 120p
Cheers for your response Alas_Smith. I respect your view & in many ways sympathise with it. However, the continued downward trajectory of this stock beggars belief and is amongst the worse performing stocks I hold. I invested here as part of my portfolio diversification and af you say, good company holdings. I fear the situation will get worse before it gets better but believe it might take much more than 2yrs before it recovers to neutral. I truly hope I'm wrong and your right! In the meantime, it's a case of hang on to your shirt tails! It would be good to share knowledge, views with you regarding MTU with you/others on a more regular basis if interested as this is one of the more quieter boards. Probably due to investors crying in their milk!
Phyl, I know it is disheartening to see the constant erosion of share prices, but (and I might have said it before on this board) 2022 has been a harsh year for investors. The peak was November 2021 and although there were mutterings of rising inflation, the world was not prepared for events that hove into hideous view in just a few weeks.
We have the remnants of Covid 19, China that has not really made its mind up whether to consolidate or expand infrastructure and Mr Putin launching an invasion of Ukraine. With whopping rises in fuel to further ginger up inflation, Banks have reacted with rising interest rates.
We are in the middle of a bear market and although Governments are using every weasel tactic they can to avoid admitting that domestic ecomonies are in recession, there is little doubt in my mind that there is not much in the way of good news to tip the balance away from bad news. Once markets have re-gained their poise, then that is the time to consider dealing in equities again. There are a huge number of Investment Trusts that are trading at a substantial discount to the underlying assets right now, but picking thepoint of entry is difficult.
Bear markets tend to be of short duration (10 months as an average) and severe. Markets are also forward looking and we have earnings season with us for the next 6-8 weeks to consider what the prospects for equities hold for the major markets. Trying to time the point at which to start to introduce new cash is folly IMO. Trying to find the best holdings at great prices is the key.
MTU and its european sister MTE have great holdings, though the share price for each suggests we are heading to hell in a handcart. Give it a couple of years and we will all wonder what the fuss has been about and why we made or did not make decisions.
What we are seeing is a sheer capitulation of the share price here. Feels like an uninvestable stock. I'm 60% down and have no faith in averaging down on a stock I no longer have any confidence in. MTU are not alone as I do wonder whether or not this market is invest worthy during these troubled & volatile times? Anyone out there with an alternative view?
A few weeks after my last post and the SP has barely moved, yet the broader market has continued to fall. My perpetual optimism for long term outcome remains bullish. However, I think we are only into month 7 of a bear market.
Bear markets tend to last an average of 10 months. I suspect that this bear market will last another 6 moths as there is insufficient good (financial) news anywhere in the world.
It is always dispiriting to see paper wealth evaporating for investors. But experience has demonstrated to me over the last 5 decades that reacting to short term events is folly. Severe falls provide opportunity to improve quality or strengthen foundations so having some cash to take advantage of attractive entry points is necessary.
Sharp falls also provide catalyst to ditch losers, the straw which breaks the camels back. releasing cash crystalised (albeit as a loss) can be put to use and losses clawed back in another company, one appropriate for the future as it unfolds. I took exactly that decision yesterday in disposing of my shares in Illumnina.
Will I be adding greater exposure to MTU? No. In common with many, I am sitting on an ugly percentage loss so will just sweat things out for the time being. I have though, added to my holdings in Nat West, EasyJet, CGI and UEM yesterday. I have yet to re-invest the proceeds of ILMN. Time will determine the sagacity of my decision.
41% down and counting here - long term investment or terminal patient? hard to decide!
In this and down about 30% but adding when I can. Long term investment becoming longer lol.
Me.....today is an ugly day. 2022 has been an ugly year.
Anybody else surely invested here?
We have seen a good recovery from the recent lows