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Can finally spend some proper time managing my portfolio. Wonder if that will make things better or worse..... :-))
Good Morning 🌞
Happy Easter to a lonely cave 😀
Not much to report.
Invested in divi stocks
LGEN
PHNX
AV
MNG
RIO
BHP
AAL
TW
Others with crap divi but growth potential!!
BWY
PSN
DGE
Nothing much to report in Asia, rainy season coming to an end.
Tourism is mixed with so many bums on sand (digital nomads) with a laptop.
Have a wonderful Easter break!
ATB
Basically I started a new job 12 months ago, company pension wise you get a choice of 6 funds, looking at the performance of those 6 I picked sharia fund which was mainly American blue chips eg amazon, meta, Microsoft.
From May the fund climbed 30 % which I thought was a bit of a spike and with annuity funds taking a hammering over the past couple of years but starting to recover switched.
Hi GS - essentially yes. Annuity funds will largely be invested in government bonds, although there may be some high quality corporate credit there as well. The key though is that they will be exposed to medium to long term rates and inflation - or put another way real yields. So if you believe that real yields will fall (ie rates will fall more than expected inflation) then you will expect to generate a nice return in an annuity matching fund. However, it's probably easier to just invest in Fixed income or index linked gilt funds if you want to play that game. Is this something you're looking at as part of your DC pot?
Are annuity pension funds a good idea with interest rates starting to fall?
* greggs wouldn't surprise to see new peak. My target 3600p.
We had a drop in rental income for the cave last year, some scallywags just disappeared and the energy company installed a prepayment meter lol.
Still on firewood until the meter is topped up.
Greggs sales up 19%, sp around 2600 with high of about 3300 end of 2021,
Noticed they are now moving into cafe spaces within larger Tesco, would surprise to see a new peak this year.
Psn positive sales and cost announcements also a nice rise as a result still trading at under 50% of peak.
Thanks GS for Comp results. Congrats to Matt the B for KRI an astonishing recovery from October 23 onwards..
Patting myself on the back for RR also a stellar performance but sadly for me i sold too early to benefit from all of the rise but got some of it. Commiserations GS for Deltic I also had high hopes for Deltic I but lost touch with it.
Currently i am in the cave and sweeping it out but its freezing cold in here.
Have we paid the gas bill GS or are we on a heat pump now?
No sign of Armani too cold for him i suppose or lounging in the heat eating sausage rolls and Greggs pasties.
My entry for this year is Manchester & London investment trust MNL it’s an AI tech trust with Microsoft and Nivdia the two top holdings.
Keep it real guys and good luck all
Sign of the times people are more into Persimmon and Taylor Wimpey than caves without heating.
Yep, the cave is a pretty quiet place these days. A lot of the old stalwarts have gone quiet. :-(
I'm allowing late entries for previous entrants until end of the month with sp being at point of declaration in Jan.
Capita, easyjet.
Thanks GS! That's the second time I've won by putting forward a name I'd (unsuccessfully) used the previous year. Lloyds in 2020 and 2021 (winner) and now KR1 in 2022 and 2023 (winner). :-))
:-) If I'm not too late, put me down for Capita (CPI). Thanks!!
Only one entry entered in time so Easy Jet is the winner :)
Well done to mtb with kr1 the winner and Optimus with a still impressive runner up Rolls Royce.
Greggs+ 8.71%
Rolls royce +203.2%
Deltic energy - 51%
Kr1 +387%
Ho ho ho etc.
Competition results to be posted end of year.
Well done in advance some really good picks this year but sadly not mine lol.
My choice for 2024's competition will be Easy Jet, all entries welcome.
Hi All - Nice post below Opt! I also had EPIC but sold out on the confirmation of wind up and invested back into a bunch of other investment trusts which have pretty much all risen since :-) Happy to have helped in some small way on the pensions question.
Well, it has been a quiet time in the cave this year - only c 40posts which has to be a record low since I've hung out here! Not having Hottentot around could be the main cause - boy, that guy could post :-). One thing I've always liked here is the diversity of approach. Opt v. much a trader, using derivatives, and going short as well as long. Me at the other end, very much a long-only, long-term buy and holder. GS somewhere between the two I'd say..?
Anyway, 2024 is a big year for me as I will be retiring in March - You might well see me on here a bit more regularly when I no longer have any Lords and Masters to serve on a daily basis (apart from the missus obvs :-) )
Anyway, Merry Xmas to all, and a very happy (and prosperous) new year!!!
Hi Guys good to see Armani posting... All looking good for now....... I am only in LGEN and EPIC. Epic should exchanging our shares for cash at the end of this month in its cash return.. Its been a brilliant monthly divi payer so I will have to find something else.
I added more bonds this year as i need income more than growth.and happy with that as no risk
I am currently managing my wife’s Sipp, sadly its underwater hopefully next year will be better. DEC Diversified Energy has just had a 20 -1 share consolidation and is about to join the NYSE so I will be keeping an eye on that .
I am still day trading F/X and commodities two or three days a week with varied results but still active daily going long or short and making a few quid now and then.
Happy Christmas to all lone cavers and some special mentions ……Firstly to GS for keeping the faith and organising the competition plus the lights on and cave open well done GS …. To Matt the Brave for his extremely helpful and useful advice on pensions to me this year and his share thoughts in general.
Lastly to Armani as he is often in my thoughts when I walk pass Greggs and trip over the queue of people snaking around the street all eagerly awaiting to get in …. I myself wishing I had some … no not a sausage roll or a pasty bus Greggs shares lol
Looks like it might be a close run thing between Optimus and me for the 2023 stock pick (both up c3x). Initially I thought GS had romped it before realising that Deltic Energy had had a 20:1 stock consolidation in May....:-)
I'm in LGEN, AV Phoenix and M&G - the annuity buyout market is flying. The gilt crises last year actually improved the funding of the majority of DB pension schemes in the UK, and they now have enough to start offloading risk only the annuity providers. Expect this trend to start showing up pretty soon in the P&Ls of the above.
In addition, I am now heavily into the highly discounted Investment Trust market, particularly those exposed to Real Estate, Infrastructure (both eq and debt), solar/wind power. Most of these at a discount to NAV in the 30-50% range, and yielding 7-10%. Just started to see prices rallying as yields have begun to drift down Great inflation print today has also helped!
Sounds like we are on the same wavelength fingers crossed on good Q3 news for AV Tomorrow.
Goldfields is probably worth at punt at present looking at 5 year chart.
Good morning GS,
I'm heavily involved with LGEN & AV.
Sadly in the red with LGEN until the next divi.
AV Q3 16th Nov.
I'm hoping for a pullback to 388p ish to add for the very long term,
12 years divs the shares are FREE @ today's price.
Anyway........I'm heavy with TW split divi 4.8p twice a year. YIELD 8.5%
Update 9th Nov.
Holding BWY ex-div 95p end Nov.... 40% upside.
BDEV 50% upside + good divi
Onwards & Upwards
Two tumbleweeds in the cave, named Bob and Fred.