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Hi RogueR
I invest mainly in House builders (outside LSE), which are enough to keep me going, I like to have a little gamble every now and then (with ggp and nano). Nano a disaster but I think it will be sold for a multiple of Cur Sp 17, my av 35 but still think I will make money there.
Friday price movement of ggp was a bit worrying (I think about -7%), but still up 23% up on week. Last I bought was at 2.32 (plan to sell all if it goas down to 2.5), av price 2.1 so still a little profit there. Still 57.3% up there now.
Don't see how coronavirus nor H5N1 can affect ggp value.
Hi Tom
How's sell off going? Nil cost company gotta be best. Anyway, still think you should diversify into psn, bdev, bwy and rdw.
BoL
Hi TomE
Thanks, but no thanks. I once made the mistake of buying into a similar low market cap/highly volatility share (President Energy) on a tip, only to watch it fall to half its value. Luckily I got out when it had fallen by 33%. It looks like the only thing sending GGP up to its recent levels is the temporary panic in China - and the SP already appears to be on the wane.
Just Buy GGP before its to late, that's my gift to you all. I will say no more.
The market reaction to the virus has been completely OTT (as has the press coverage). There was not so much as a market blip in reaction to the West African Ebola crisis, which lasted for 2 years and was a much greater threat to global public health. Give it a few weeks and the coronavirus will be a footnote in the news.
Hi Nige,
Things from China usually only last about 3 weeks (some 3 mins) so hope to be rid of this virus scare soon.
Our unbalanced economy is far more vulnerable due to reliability on goods made cheaply in the Far East.
Like you, I feel more positive regards Nanoco and would have bought more TW at these prices after selling a chunk at 220 but took a chance on GGP with my spare cash.
BoL
Hi Troubles
Assuming tw is more volatile than the others, it does mean that there are more (Day) trading possibilities.
Both bdev and rdw IntRes out next week, so maybe there Sp's didn't dec by so much as they would have (then maybe more in line with bwy). So -2.6% compared to - 3.2%, doesn't leave much margin!
This leaves a mystery, why was psn up 0.4%?
As I think I said, my relative price graph is converging (driven by a change in sentiment). When the market momentum normalises the best performers (bdev and rdw) will probably inc by more than the others as the graph becomes divergent again. Also I think psn has caught up more than it deserves to, given quality issues.
As TMT said maybe a good time to move from psn to tw. So, move psn to tw, bdev or rdw. I would wait until results of bdev and rdw IntRes before making a decision. Suspect bdev results will be V Good, so 44.5% float there, 31.8% rdw and 23.7% psn (mainly for Divi, 08/03/20, 125).
I'm up about 19% on all 3 Floats (bought 25/11/19), but probably would be whichever builders I bought then.
People used to say if the US economy catches a cold the rest of the World gets flu. I appreciate your point in relating this to China, but in short term it means we cannot import so much from them. Probably not a bad thing.
Think nano messages are becoming more +ve, which could lead to a surge next week (after a bit of profit taking) and hopefully the same applies to ggp. HSBC has got my new card on the way so hopefully I can start trading again soon, but barring surprises, I don't intend to make any trades until May.
BoL
Hi Nige,
I also assume that TW is relatively better than other builders when the market is more stable - not sure whether figures back it up ? If that's the case, it could be said that TW is the most volatile and opens up better trading possibilties. Something I've observed, but not studied in depth. The coronavirus creates uncertainty regards the global economy which has a knock-on effect here - especially on the Chinese economy where people are laid off or companies put on shorter working weeks etc.....
Hi Graham
Original text from this thread from Roulette.
"Anyone have a view why TW drops more %wise than, for example Persimmon, when the market gets jittery?"
This week
Psn +0.4%, bdev - 0.7%, rdw -1.0%, bwy - 2.6% and tw -3.2%.
So tw slightly better than Ftse, but worse than my other builders.
Roulette has a good point, how cronapanic can affect builders is beyond me.
BoL
Bad week for the FTS down 4% TW has held up well
Hi TMT
I agree with your idea of leaving takeovers alone. I'm stuck there with an av of 35, but remain optimistic. The IP is so important, I think Govt should stop the sale - then Sp will probably go down to 5 or something, but doubt they will do anything.
BoL
TMT hi,
You are very welcome and have a great w/e.
ATB
Tom :-)))))
Thanks, Tom, I've already added it to my "Possible buys" watchlist that gives me updated prices and company news.
When I retire, if I have nothing better to do I'll try to research enough shares in advance and in detail that I may be able to try to time the market, like Nige does. No way that's possible for me right now.
Hi Bamps,
Investing in hydrogen - that's a gas. Very explosive also and hope that's not the reason people have jumped ship.
However, maybe a branch in Sheffield for Owls to perch on if he requires more lift in the evenings.
Must go before more of my messages are removed - even Shergar or whatever his name was this morning, has disappeared.
BoL
Hi Tom
I've not enough in Nano to worry either just a bit of interest.
Glad Owls has wised up
If anyone's interested I've researched Itm for a longtime before buying in at 20p now over £1, people have jumped ship but there is so much to come. Hydrogen is the future. A new factory in Sheffield might make Owls take notice.
I'm still waiting to get back in, historically the sp always drops in Feb probably won't now I've said that
ATB:))
TMT hi,
Bookmark this link and it gives you up to date price for Nano.
https://www.google.co.uk/search?q=nano+share+price&oq=nano+share+price&aqs=chrome..69i57.4652j0j7&sourceid=chrome&ie=UTF-8
I agree with your strategy and its not for me either. These are ongoing T/O talks and been going on for a few months and it could take a few more months to settle or throw out !!!!
Have a great W/E
ATVB
Tom :-)))))
Thanks, Tom, didn't get in yet. Hope to research it over the weekend. I generally can't move that quickly on something unless I've already researched the company.
Sounds like what's driving nano right now is not the financials or performance but the possibility of a takeover. If so, that probably doesn't fit the profile of how I invest -- there's no way for me to measure the likelihood of the takeover or the likely return if it happens. I like to weigh up risk/return possibilities before buying. So this one probably isn't for me, even if I end up leaving money on the table. She who must be obeyed would say it is just gambling. But I'll look at it over the weekend.
Bamps good morning,
Very best of luck with Nano and If I am correct Troubles is also invested there so best of luck to you both SP 17.10 close last night so that's the best I have seen it for many a month. I wonder if TMT got in yesterday ?
Am ready to buy more TW as soon as the price is right, I think it will fall back next week a little so watching and waiting to pounce.
Have a great w/e
ATB
Tom :-)))
Hi Nige , Tom
I've only had a little dabble in Nano gives a bit more interest in it for me.
I get a kick out of shares dealing with geology shares oil and mining. The fact that gold was made from a super nova expolsion many thousands of million years ago fascinates me To make a profit in it is better still.
Oil shares are very hard to make money in but when it happens it can be mega.
I made in Sound 8p to £1 but started buying back on way down, that's fatal
But that's share dealing
Remember you can always lose on the Ftse as easy as Aim but there is no stamp duty on Aim and you've lost straight away with a 100 stock
ATB:))
Ps
From Title "Why" tw worst affected -3.6%, then bwy -2.3%, bdev and rdw - 1.5% and psn - 1.0% for week. Maybe tw investor dafter than the rest?
Hi Tom
Formal announcement RNS 05/11/19, after being approached by 2 or more companies.
An American company is handling the sale, so suspect Nano can't say anything about the process.
Don't know if coronapanic is the reason for builders drop this week. Just shows how stupid the market is if that is the case. Influenza kills almost 1M people a year so coronavirus responsible for 0.1%, on the other side of the World.
BoL
Nige hi,
Where did you see that, as I know it was last Nov 2019 but nothing came of it. I have just said to TakingMyTime to be careful of nano but with this news it might be worth investing a bob or two. I will not as it does not suit my plans. Tell TMT any new news though.
Cheers
Tom :-)
Hi Tom
Nano up for sale and there could be a bidding war. Mrkt Cap 49M now, and IP probably worth a multiple of that. Suspected bidders Apple, Samsung, about 4 Chinese Coys… none of which are short of a penny or two.
BoL
TMT hi,
Be a bit careful with Nano as they tend to generally trade around 11/13, yes they are at 16.31 ATM but it might be worth waiting for a few days and you might get in cheaper, but that's my opinion only. Its got more chances of dropping back rather than the same going forward, so IMO wait until tomorrow at least. I am sue Nige would agree. They are cheep as chips so a wait could pay off.
ATVB
Tom :-)
Thanks Tom. Will check it out!
TMT he means https://www.lse.co.uk/SharePrice.asp?shareprice=NANO&share=Nanoco