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Barclays raises price target to £28.10 and pushing on towards £25.00 this morning, plenty to like about this share. Q3 performance update Thursday, should make for interesting reading.
Perceptive comment, Owls. I've often wondered why it is that steadily profitable plc's, with SP's that show a compound annual growth rate in excess of 8%, generate little comment, whereas hair-raising, big-dipper rides, usually in the "under a pound" range, receive dozens a day, from the faithful.
Almost invariably a glance at their 5-year chart shows a steady decline from top-left to bottom-right corner, and yet there seems to be a small army of believers that the SP is going to change direction. Vodaphone being the biggest example right now.
I got in here in May 2020 with the proceeds of a reshuffle, having watched the price arbitrarily marked down from £13 to £8 solely due to covid. Paper profits are now just shy of 200%. Talk about easy money and I'm very happy to ride on the back of the Action tiger, until the day growth weakens, which might be next week, or 2034, I've no idea. Just very content to have a good winner in the ISA.
"just hope that they get the timing right regarding how long to keep the 'ACTION' investment"
The chairman has said they believe there is 400% infill ?
Not sure which countries he is talking about?
Surely not Holland?
Eastern Europe probably
Southern Europe just started.
So a long way to go.
Possible expansion into the US?
In the case of the latter...please don't list/sell!
RBC capital markets initiates coverage on 3i with outperform rating and £25.50 price target.
Noting 3i has a healthy track record on total shareholder return, with a compound annual growth rate of 18% over the last ten years. Stating they expect growth in the discount segment plus a strong and proven store expansion strategy to drive multi year growth for Action.
They see good value in 3i at current levels given its growth and strong balance sheet, differentiated long term strategy and defensive asset allocation.
And another one breaking the £24 mark - just hope that they get the timing right regarding how long to keep the 'ACTION' investment
I stopped investing in July as its nearly 50% of my ISA.
Oddly it is staying around the same percentage for about 6 months.
My isa is almost entirely a mix of private equity and renewables.
There are some stunning bargains about. Specially in those 2 sectors.
I tend to find shares with good momentum and very little share chat do well
Ditto
Hi armstrong01. Just thought I'd have a quick look at 3i to see what the share chat was saying.... It's a bit quiet?? I've been following / investing in RR for the past year or so and have been a bit blinkered - However I'm having a look around to see if the grass is greener elsewhere and 3i caught my eye. They seem to be on a strong run - Is there a good chance this will continue? - Are there specifics which are helping this run? sorry to ask such basic questions but I was just hoping you could maybe laser guide my research with some top level thoughts?
The share price performance of 3i over the last 14 months has been simply stunning. Three to four years ago I started seriously buying significant numbers of shares in 3i due to their excellent CEO, the relentless focus on shareholder returns and the delivery of outstanding sales and profit performance quarter after quarter. Two years ago I sold 90% of my SSE holding, 100% of my National Grid holding and 100% of Vodafone and invested all the proceeds in 3i. What we are now witnessing is the compound effect of the groundwork being done on Action over a decade. The leadership have made 110 times their original investment in Action. They believe they can get 200 times the value of their original investment over the next 2 to 5 years. This would result in the share price rising to just under £30 per share. If the current CEO stays the course I for one won’t be cashing in anytime soon.
Today
Whether you sell or not is not really for us to comment on; if you have lost faith in the managers, then sell is possibly the right decision; conversely, if the SP has outperformed its peers (and bear in mind that last year was an atrocious one for investors), then a rising share price should provide some confidence to buy more.
For myself, my holding was purchased a decade or more ago and I see no reason to alter my holding relative to its relevance in my portfolio to me.
I’d like to get some feedback on 3i and it’s recent surge in the SP. I’ve held the shares for a couple of years and have been impressed with its recent performance. So much so I’m thinking of selling. Why? I think short term things may run flat or pull back. Perhaps I look at this as an opportunity to increase my holding (if there is a weakness in the SP) or look at another share opportunity. I thinking the next NAV gets published at the end of Dec and I’m conscious of ex div on Nov 30. Cheers and good luck to all.
One of those days!!
"The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day."
Lost its now fallen?
Oh my the market thinks the results are good. With yesterdays jump in share price and today's that's a near 6% gain
3i increasing its holdings in Action.
Gready buggers. Wish I could risk more money in 3i
RNS confirms Action performing strongly
Jane, I don't think there's any danger of iii selling Action in the short to medium term, it's simply too big a part of the portfolio (over 50% now). The float option is more feasible, so that shareholders end up owning iii and a proportion of Action. Can't see that happening in the short term either though because the prospects for Action are surely as good now as they've ever been, so why not hold and continue to fund expansion? Just my opinion of course.
20% sales growth is not the same as a 20% profit growth.
In the case of Action profit growth is significantly higher than sales growth.
Not always true in other companies, specially discounters.
Nearly half of my ISA is in 3i and can see no reason to lower it. Even with the present premium to NAV it's still a buy.
Today's RNS reveals 20% LFL sales growth in Action. Tremendous. There is an Action shop in the small town in France where I have a house, the shop is always doing great business. It was after seeing that that I bought shares in 3i. They are now starting to build a network in Spain which ought to be fertile ground as well. I wonder when 3i will sell or float off Action, it must be worth a bomb now.
Adbon71
"Expecting a pull back here... And trend change.. a short report will be coming out on this..."
Still waiting for your report?
Come on stupid let's hear your report!
Adbon71 Expecting a pull back here... And trend change.. a short report will be coming out on this...
Well?
If not mistaken, a dividend should land in my wifes ISA account tomorrow. III has been her best performing holding since purchase in 2012.
Although we each fully fund our ISA accounts, we consider our investments as if held jointly to try and get the overall weighting right for our intended outcome. For us, we need to increase our exposure to European and Indian companies, reduce exposure to China.
FWIW, I have no problem buying shares in companies that are at all time highs. Capital growth in III has broadly maintained her 2% weighting and current price is not an unreasonable point to address any weighting imbalance.
Adbon71
"Expecting a pull back here... And trend change.. a short report will be coming out on this..."
When thicko, when?