Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Bee interesting to look back at this idea in the future.
Sold some on 10th February 2023 for 364.57p ( 0.75% below yesterdays price )
This fund up to 367p yesterday after going up 1.24% over the three days since Thursday 23rd February .
CYAN is 17.75p to buy now so down a further 3.77% on the buy at 18.44p ( which I waited many days for lol )
PREM the original target buy with the funds raised if fall back to 0.65p is 0.72p ( would not of dealt )
WBI at 1.45p ( would not of dealt ) but near .
JLP at 8.75p ( would not of dealt ) now 9.7p
SRES at 0.925p ( would not of dealt ) but near .
Finally invested the proceeds of the sale on 10/2/23 into CYAN at 18.44p .
Do not think that was first choice for ( Wi )
This fund at yesterday last price was 362.56p sold it 13 days ago for 364.57p ( 0.3% more )
Chart indicates fund was highest on 16th February 2023 ( 7 days ago ) 1.5% higher .
Fund falling all week every day .
That was happyinvestor 100 below .
Here is more advise I liked this week .
Rule no1 - Never get attached to a share when investing .
Always de-risk and don’t listen to others.
Always bank your profits
Always going to be pull back
Good post in reply to my question as I sliced BP 7,8 & 9 as it shoot up on good results last slice was at 540p
He was not selling any they topped 570p 11am on the Friday 10th ( a further 5.5% )
I know full well that success today can quickly turn into despair tomorrow because the market is an unforgiving mistress. But I didn't want to completely ignore your question.
I have been investing and trading for many years, not all of which were successful. I've become better with experience and the last 4-5 years have been outstanding. Of course there's a strong element of luck as well as judgment. I piled into Big Oil positions into the 2020 downturn and the returns have been quite spectacular.
But there were days in 2020 (and others here will say the same) where I woke up afraid I could lose it all. I am so glad I held my nerve. More recently I have done very well in buying and trading US tech stocks.
I became a much better investor when I realised most of my investing energy should be spent on research rather than trading; have convictions based on logic and knowledge and stick to them. Diversification is very, very important; never go all in, always have a route out of every position. Don't always follow the herd; it pays to be contrarian because the best opportunities are often found when the world is panicking (but this requires mental toughness). Finally, brush off the failures quickly as long as you're doing well overall; it's a game of averages and none of us gets it right every time.
Cumulative performanceInvestment..........................................3 months....6 months...1 year
AIM ALL SHARE ...............................................................................0.2.5%........-6.3%.....-17.86% ( minis last two )
Cumulative performanceInvestment..........................................3 months....6 months...1 year
Main portfolio marker ( D ) .............................................................04.30% .....-20 %.......-32%. ( Large minis last two )
Cumulative performanceInvestment..........................................3 months....6 months...1 year
Invesco UK Opportunities (UK) Y Acc...........................................11.12%........7.5%...........9.17%
Cumulative performanceInvestment..........................................3 months....6 months...1 year
Main portfolio marker ( D ) .............................................................04.30% .....-20 %.......-32%. ( Large minis last two )
As it is accumulating no dividend income tax ?
The dividend income they collect must be included the 9.17% performance below ?
The dividend yield 2.19 %
You would be 30 % better off to just have the money in BP. over the last year ( better yield as well )
That was not the case compared to BP from start of year comparison Feb 2022 to May 2022 or again if you looked in between July and August 2022.
You would be 20 % better off to just have the money in AZN over the last year ( better yield as well ) always ahead .
You would be 20 % better off to just have the money in GLEN over the last year ( better yield as well ) always ahead , and this after GLEN falling back 15% in last month .
You would be even/ level compared to Brown N Group but only after recent gain in Brown N Group and 45% worse off in October 2022, Brown N Group lows .
You would be even/ level compared to SQZ and surprisingly worse off only last week and worse off again in June 2022 when SQZ dipped however at the end of August 2022 SQZ would of been 80% better off .
The Fund aims to achieve long-term (5 years plus) capital growth.The Fund invests at least 80% of its assets in shares or other equity related securities of companies incorporated, domiciled or carrying out the main part of their economic activity in the UK. The Fund typically holds a concentrated portfolio of 35-45 stocks. In pursuing the Fund?s investment objective, the fund manager may consider it appropriate to also invest in other transferable securities (including non UK companies), money-market instruments, collective investment schemes (including funds managed by the Invesco group), deposits and cash.
INCOME DETAILS
Historic yield : 2.19%
HL shows yesterdays Friday price at 364.57p -3.17 ( -0.86% )
5 year high the day before , must of been 367.74p , Wednesday also a little higher then the Friday .
Biggest holdings BP 7% ,SHELL 6% , GLEN 5% , UNILEVER 5% , ASTRAZENECA 4% .
Cumulative performanceInvestment..........................................3 months....6 months...1 year.......3 years.......5 years
Invesco UK Opportunities (UK) Y Acc...........................................11.12%........7.5%...........9.17%.......41.08%.....49.33%
Manager Name: Martin Walker
Manager start date: 10 June 2008
Manager located in: Henley
Martin joined the company in 1999 as a trainee fund manager in the UK Equities team. Martin began his investment career in 1997 joining BWD Rensburg. On joining Invesco, he initially assisted Neil Woodford a part of the team managing UK equity funds. Since then Martin's role has developed as he gained more experience, first as a trainee fund manager, and then becoming a fully fledged fund manager. Although Martin came to Invesco with previous experience as an investment analyst, he has very much come through the ranks of the Henley- based UK Equities team, absorbing its methodology and approach over the course of the last ten years. He holds a BA, Financial Economics from Liverpool University and has also attained the Securities Institute Diploma.
Sold same again *364.53p looks like £10 more in cash, and a new five year high and up a little today.
Not much better off as extra dealing cost .
361.76 to 364.53 + 0.7% but what I want to buy is much cheaper .
Ft 100 was 7797 on 26th January fell a tiny bit below that this afternoon 7794. ( dropped 1.47% on the day )
It was 1.47% down at 11am so lucky if this fund did not drop maybe I saw yesterday price on % .
The five year high for Ft 100 was 3rd February 7992. ( 2.5% higher exactly one week ago )
Sold a tranche yesterday 215.37p ( Wi )
Five year high and up 0.25% yesterday this the best day rise of 26th January 5 fund sales.
This one not showing contract note until today .
So correction 4 funds in ISA and one in share sold yesterday all slightly up and on highs .
Sold a tranche today 552.09p ( Wi )
Five year high and up a little today .
3 funds in ISA and one in share sold today all slightly up and on highs .
Sold a tranche today 361.76p
Five year high and up a little today .
Sold a tranche today for 100.71p ( Wi ) 200% size.
Five year high , and up a little today .
Sold a tranche today 486p
200% size . ( W )
A peak at the end of October was higher ( W ) chart shows , then the 20th September 348p posted below .
Today *314.87p a double bottom last seen late December 2022.
Copied below over to AIM Indices chat I found on this site , but those posts do not show on own history of posts .
To find click on share prices and then Uk indices to find chat on them .
I just compared my year paper losses to AIM 50 down -31% 100 - 34% All -32% . ( London stock exchange site )
I am -20% .
I read over the years most fund managers do not beat the indexes so at least I am saving on that cost lol .
I have more different shares then most of them .
The fund returned to high today at 348p after a slight pull back Friday 16th ( Friday last deal day Queen BH yesterday )
Not quite but never seen them come back .
Wed, 25th May 2022
W Resources shares to be cancelled from AIM on Thursday
W Resources PLC - tungsten, tin and gold mining and exploration company in Spain and Portugal - Confirms shares will be cancelled from trading on the AIM market in London, effective from Thursday morning. Back in April, W Resources had cited the "unprecedented difficult financial and operating circumstances in which the company finds itself" due to the rise in energy prices. On Wednesday, the company refers to "extremely high liquid natural gas prices that placed an excessive cost burden on the La Parrilla mine in Spain with the further impact of the ongoing truck drivers dispute which caused a shortage of critical spare parts". Also in April, Grant Thornton UK LLP resigned as its nominated adviser and Alternative Resource Capital and Shard Capital as brokers.
W Resources on Wednesday repeats that it will continue to operate as a miner and hopes to relist on a stock exchange "should circumstances allow and when appropriate".
Sold today and see I got 342.75 must be a new high they were down a little yesterday 6th September @ 339.45 .
Today's rise over yesterday price covered there charge four times.
History shows last sold these 10/3/2017 for 233.4p .. that is over 45%
I bought VAL ( had consolidation since ) SRES about the same price , and WRES which might of gone bust .
Sold a few funds around this time so not a direct comparison .
Lots easier if I had stuck with funds !!
30th May 2019.
Artemis has announced plans to transfer management of their Global Energy Fund to Guinness Asset Management.
The fund will be managed by Tim Guinness, Jonathan Waghorn and Will Riley in the same way as they manage their existing Guinness Global Energy Fund. Richard Hulf, who's been a manager on the Artemis Global Energy Fund since launch in 2011, will act as a consultant.
This transfer will take place automatically on 31 July 2019 and the fund will be renamed 'TB Guinness Global Energy'.
There will be no cost to investors and no change to the fund's ongoing charge as a result of this transfer.
Why is the transfer happening?
Artemis Global Energy is a specialist fund focusing on a niche area of the stock market. But Artemis feel they can add more value in other areas of the market.
They considered a number of options for the fund's future including changing its investment objective and closing the fund altogether. But they concluded that most investors would want to retain exposure to the global energy sector. They therefore decided to transfer the fund to Guinness Investment Management, who already run a successful global energy fund.
The fund will invest in companies involved in the exploration, production, or distribution of oil, gas and other energy sources. The managers will alter where the fund invests depending on their outlook for commodity prices. They'll also consider the financial strength and valuation of the companies they invest in.
The fund will invest in a relatively small number of companies. This means each one has the potential to contribute strongly to returns, but it's a higher-risk approach. It will also have the flexibility to invest in higher-risk areas like emerging markets and smaller companies.
31st March 2011
Artemis co-founder John Dodd is to seed his Artemis Global Energy fund with £1 million of his own money, Wealth Manager can reveal.
Dodd, who will launch the fund on April 11, said that as well as his own personal investment, his fellow Artemis partners were injecting £2 million and other Artemis fund managers a further £3 million into the fund at launch.
Another £2 million has also been committed to the fund from the chief executive of a FTSE 100 energy business.
Dodd’s new fund will be a thirty-stock high conviction portfolio invested across a global portfolio of oil and gas, energy transmission, generation and renewable stocks.
The fund, which Dodd has been running as a paper portfolio since last March, will also be able to invest up to 10% in private companies that Dodd regards as having ‘clear IPO plans’ and will be co- managed by Richard Hulf, who has worked alongside Dodd for six year advising on energy stocks for Dodd’s Artemis Alpha Investment Trust and prior to that on the UK Smaller Companies fund.
Hulf, a former geologist and petroleum engineer is in the process of joining Artemis full time, subject to FSA clearance.
He is responsible for the stock selection and quantitative screening while Dodd makes the final stock decisions.
Dodd told Wealth Manager that unlisted stocks within the new fund included AMP, Eland, Eagleray and long term Dodd favourites Hurricane and Kazakh firm Vostok Energy.
Vostok is also held in Dodd’s Citywire Selection pick Artemis Alpha Investment Trust and previously had been as high as 8% of the Artemis UK Smaller Companies fund Dodd handed to Mark Niznik three years ago.
He admitted that the wait for Vostok to list had been ‘frustrating’ but that new finds in the Saratov region of Russia had meant the firm had continued to improve its operating margins. He also revealed he had bought more of the stock for Artemis Alpha.
The new Ucits III Global Energy fund will launch with its biggest positions in oil mega caps Exxon and Russian giant Gazprom which will account for around 4% of the fund each with no stock able to contribute more than a 5% weighting.
Dodd has recycled a position in Brazilian upstream oil firm OGX into Brazilian mega cap Petrobras as the latter’s valuation has fallen since he launched the dummy portfolio.
Overall, half the portfolio had been turned over since last year’s launch, with Dodd and Hulf switching the emphasis to upstream stocks, which could benefit from the prevailing high oil price.
Two stocks common to both Artemis Alpha and Artemis Global Energy are FTSE mid cap Salamander, and Polish gas business Aurelian.
The former, another long term Dodd favourite, has operations in Indonesia and across Asia, a key area of focus for the pair.
Dodd said he wanted the fund to be a small specialist alternative to some of the big well known players that dominated the energy sector, such as Investec, Schroders and BlackRock.
Might be good time to take from here .
Today 340p*
low 24/2/22 & 16/6/22 ...282p
High 12/11/21... 340p
Indicates I sold some 10/3/17 but no detail ( WI ) not as good as now but much better then 2019
Might be good time to take from here .
Today 326p
low 07/3/22 ...312p
High 27/5/22... 349p