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https://www.londonstockexchange.com/stock/CGL/castelnau-group-limited/company-page
- gone below it's first day opening price.
Yep Hargreaves showing it as well:
Sell:2.60p Buy:2.70p 0.1p (-3.64%)
Potential to be another hard day for SGI, Carpe has a floor at 2,5 & I'm down at 1,8....AAF looks like a much more appealing stock LOL
It must have been an error on Advfn....or your optimism is making you have blurred vision LOL
I'd use the source, LSE..not this one LOL
Speaking of: 2.65 -3.64% (-0.10) SGI ORD 1P this morning
YTD return -14.06 %
1 year return -18.15%
You might find this interesting https://thefelderreport.com/2021/10/27/stonks-the-canary-in-the-stock-market-coal-mine/
Stocks v Stonks.
It was shown on Advfn at 3.31pm
"there was a big 1m purchase at 2.75p this afternoon,"
Can't see that on either this site or LSE. Maybe it didn't happen.
Sold Value £2,672
Bought Value £480.56
No million purchase that I could see. The above would explain why the price went down again today.
Devon, HBR's next update is in early December, when hopefully all will be revealed.
Regarding SGI, there was a big 1m purchase at 2.75p this afternoon, yet it made no difference to the price. On the other hand yesterday there was 75,000 shares sold and the price dropped 0.35p??
Any ideas?
Another big move down on HBR today, the run way to end of big oil get close everyday, vultures circling BP did I read today, wanting it split up.? As we reach peak oil, I guess HBR decommissioning costs get more and more important to it's share price.
I think I read to today that one one the utility providers, or was it VOD, want their entire fleet off combustion in a little over 5 years. That will go quicker than we think. I've been playing oil through REA: equity, prefs, and debt, they've all had a spectacular rally this year. In fact, I bought some more of the Sterling bonds recently @ par. I also bought some ENQ ORB debt last year, I feel less comfortable about that, but it's not a big position. I did own PMO1 and I know that decommission costs were a big issue for them. My assumptions on HBR's final range, 12-15p (old money) is based on those concerns, but it might all different now. I could be totally wrong. Overall, I think I'm only interested in oil assets if they can be bought with blood pouring out of every orifice, I need a distressed price to offset the tide of history. I'd be interested if you have an up to date view on the long term decommissioning costs etc.
"It is not easy finding a 7%+ generator which is low risk low or moderate gearing. The debt market is fine with soft conditions but it may change with bond yields rising and increasing defaults. I try and go for forward yields of 5 to 6%, with a few outliers and a few growth stocks. Bought AAF last week for example"
I try to stick above 6% Carpe, but your range is sensible. I'm still finding interesting stuff above 7%, but to be fair I am going right across the cap. table to achieve that and into unlisted & charity bonds, as well as less conventional areas of the market. The charity bonds have very low default rates. They are too illiquid for institutions, and too small, so it's often small family offices you race against. Yesterday, I bought some more index lined Travelodge @ 95% of par and 5.75% IL. I take my outliers from start-up, and my greatest risk. But the SEIS/EIS helps in other ways, I also get involved in litigation funding and that's too volatile to describe. Hotel chains have reported 125% of pre pandemic bookings in some places, so happy to give it a spin so I'm keeping my fingers crossed on Travelodge. Profits on litigation and start-ups, can be extreme, but losses can be total and in the case, cough cough, of litigation greater than the sum invested. Low volatility, but that doesn't always mean low risk. In most I don't want to see an investments price, jumping around like a flea! It's distracting.
It is not easy finding a 7%+ generator which is low risk low or moderate gearing. The debt market is fine with soft conditions but it may change with bond yields rising and increasing defaults. I try and go for forward yields of 5 to 6%, with a few outliers and a few growth stocks. Bought AAF last week for example.
"baggers" yeah I'm sure they do.
I'd rather buy good stocks in a stressed market than stressed stocks in a good market....
I've used JStock and RSS to manage my portfolio for a long time, you might also find this useful. InvestEgate publish RNS as RSS and it's not that time consuming to be able to look through a large number of RNS that way.I go through all releases RNS most days. I find it useful to spot "new" potential targets.
Build a low volatility portfolio with 7% yield and you will double your money via compounding every 7 years, that leaves lots of space to concentrate on deep value when the markets out of step. Brexit, Codid can then make you decent "overnight' returns, but it does requiring thinking in terms of decades. There a lot to be said for investing with an Inter-generational mindset.
"A casino syndrome of the Stock Exchange", only over the short term, long term good companies win. Unfortunately, SGI's regular financial crisis, tell us "luck" is against it. That doesn't mean it's destined to fail, but "chance" is against it historically.
Nassim Taleb might say it was fragile, I prefer anti-fragile stocks. But failure does harden, if you survive, SGI is very much a survivor, but not of the face of it a thriver.
Switzerland did chocolate flavoured stamps and there have been plenty of 3d stamps, record stamps, hologram stamps and all manner of funnies, most of which do not commend a premium today.
Half year trading update on 24th nov.
Enquiries for the fractional ownership have been poor. I don't think SG will get a profit and will end up owing Phoenix for it.
A casino syndrome of the Stock Exchange? Is it not, to some degree? Anyway, whatever...
I find this interesting:
Switzerland national postal service to debut crypto stamp on Polygon :
https://www.investing.com/news/cryptocurrency-news/switzerland-national-postal-service-to-debut-crypto-stamp-on-polygon-2630990
It seems to me the stock price reacts far more to sales of multiple small amounts rather than one one off sale. For example, if I was to sell 100,000 shares in ten separate trades of 10,000 each, then this would have a much stronger effect than one sale of 100,000 shares.
Why is that?
Many thanks Devon. Thanks also for the J stock tip, I’ll look into this. I must admit I do look for baggers, like I suppose many do on here, but with SG, this was supposed to be both a multi bagger and a long term hold. I bought in initially around 9p a few years ago, but have now averaged down so that my average price is approximately 3.3p.
Ironically, until this afternoon, the price had been slowly edging up over the last week, and then dropped sharply this afternoon in very small turnover.
I run a stock scanner against my watch list/portfolio. It sends out notifications against a range of complex and simple technical indicators. It's been flashing up weakness all week for SGI. I don't use it to pick stocks, but more to indicate potential monthly top ups - so not a trading tool, more a portfolio tool.
You know my view, I expect SGI to be in the low 2p's, maybe lower. I may of course be very wrong.
What can go wrong? No demand for Magenta, that's very possible. Phoenix find that Castelnau is a success, and they quietly shrug SGI off and just use it's IP...leaving the company/equity in long term limbo.
I think it's very possible the results will be bad, not sure about diabolical, just weak.
*when the indicators didn't show the same in the price I thought it might be an error, maybe it wasn't in the end. It's not a science.
If you have an experience with Linux I'd consider sharing the source code, otherwise JStock does a similar thing.It's free.
https://jstock.org/
I try to keep dealing cost down by using brokers free/£1.50 deals. So I like to add/top up on a regular basis. I suspect, unlike you, I'm not looking for "baggers". My strategy is based on low double digit growth every year. Then I take big bets on large caps, during periods of stress. Works for me, not sure if it's a good strategy for anyone else.
Hope that helps with your curse in some way. I always scale in, it's can stop you getting burned.
Any reason for the drop ? OAPs protecting their pensions or selling to buy a chunk of the one cent magenta !
Certainly feels like it Devon! On extremely low turnover as well. How bad is this?
And it's just after Castelnau take their stake???
I must admit, I thought the price was just about to move higher, this is very disappointing.
Can only hope this does mean the results are not going to be diabolical, we all expect a loss after the Mallett news, so what else can still be going wrong?
Oh Gawd, the curse of Pearls strikes again...