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Krustysmegma
Latest ùpdate.
Good but not great.
I think we have to say good bye to the foreign exchange benefits.
The opposite from now on.
Well probably anyway.
Action will of course save the day. As it grows it will become a bigger and bigger part of 3i. Increasing it's nav accordingly.
When the market normalises I expect it to go to 30% plus premium.
And HGT to at least hit par
Adbon71 (aka halfwit)
"Looks over pumped to me...."
Do you actually own shares in this company? Or are you just wandering around the forums looking for something to make a comment about?
Adbon, you really should learn to read information provided by the company before making baseless, idiotic predictions. Here's part of the statement from the recent AGM, which I assume you didn't attend:
"Action has continued to deliver very strong sales growth in the year to date. Like-for-like sales growth was 22% year to date as at the end of week 25 and net new stores openings of 84 are on track with its expansion plans and ahead of the 75 stores opened in the same period last year. Action's strategy to deliver an outstanding quality customer offering at the lowest price remains the Company's top priority and continues to draw high customer footfall across all of its geographies. Action is set for another good quarter of profit growth and has a cash balance in excess of €660 million."
Adbon71
"Looks over pumped to me...."
Do you actually own shares in this company? Or are you just wandering around the forums looking for something to make a comment about?
"PE 4.25 - Earnings 475 - div. 50.5 - yield 2.5% ... is the dividend covered 9.4 times?"
Investment trusts/private equity don't have PEs.
Sometimes sites quote one but they are not relevant.
Yeild is 2.65% based on yesterday share price. (HL)
Cover is income but mainly capital from sales of companies. The 85% rule does not apply to capital returns. IE it will be mainly invested in new businesses and old ones.
The premium could be deemed to be more important at 15% but it's not unusual. Premium of 20% or greater is normal for 3i
Adbon71
When will you be bringing out your short report!
My maths is rudimentary a lifetime after A-levels, but 3i figures confuse me.
PE 4.25 - Earnings 475 - div. 50.5 - yield 2.5% ... is the dividend covered 9.4 times?
Expecting a pull back here... And trend change.. a short report will be coming out on this...
Looks over pumped to me....
Some is better than none.
I am doing well. Moved into private equity. Probably very close to the bottom.
Firstly 3i and HGT. Then more recently NBPE and ICGT.
3I brilliant
HGT great and still on a big discount.
ICGT good only up 4% recent purchase.
NBPE nowt up 10% within a week then back down.
Lot of private equity still cheap but you do have to check the normal discount. As most are always on a discount.
I would have BOOK if it was available on freetrade.
.... recent performance by iii, sadly don't own too many compared to other shares, but one of the few cheerful things to look at atm in portfolio.
Nearly
The main problem I am having with 3i is constantly having to reset my alerts ...upwards
At close
Stargate
Say again
In English!
The relative strength indicator (RSI) is above 50 on both weekly and daily charts, confirming a general bullish chart. However there is a negative divergence in the daily RSI and there have been two recent dojo candlestick weeks, which tends to happen at good or bottoms. Since the dojis, occurred at a top, this together with the negative divergence , suggests a possible drop in the sp, shorterm, towards any underlying trendline .
For ever upwards!
I am going to note down the 3 monthly updates. Worth selling something near to one and buying then.
Oops I thought she had divorced you!
SD - indeed, she is, and now a source of cashflow assistance, as our finances are reversed.
My portfolio was much more adventurous than hers. HA!
There's a moral there somewhere. :-)
I am assuming BF doesn't stand for best friend?
"I regularly wish I had her adviser."
Or a hammer!
SD - sadly I have others to "compensate" so nursing net portfolio loss the last 3 years. :-(
Averaged 8/12% annually, up to then.
I bought my ex, now BF, 2500 3i @ 450, added 500 @ 949 - 7 and 5 years ago.
And SMT - @ 204, sold half @ 1200 to 1500, THAT'S jammy!
I regularly wish I had her adviser.
Jammy barsteward!!
Bought 1800 9 years ago at 200. Now 1550, having got more than my original stake in sales alone, with great dividends extra, a happy punter. :-)
Started buying in June last year. Made 14 purchases to date a very large one in January. I am up 30% today.
Hargreaves Lansdowne has the premium at 9.8% but it is yet to update the NAV.
Unlike the majority of IT private equity which always Trade at a discount 3i is nearly always at premium of 20% or greater.
When I first bought it was on a 25% discount at the same time pantheon International was on 45% discount. Pantheon International generally trades around a 20% discount. The best you can expect is a 15% discount on pantheon.
That made 3i the bigger bargain.
I will be happy to buy at 15% premium. As all updates are around 2 months out of date its reasonable to assume the premium is not that large. I am ignoring the months between updates.
All of the latter is of course based on the belief that Action will continue to grow at its present phenomenal rate.
Add to that the "phenomenal" increase in dividends. The 5 years including covid the dividend increase averaged 11.9%. This year's is 14%. The trailing dividend is 2.8%. At 11.9% it takes 6 years to double.
Another bargain is HGT which regular goes to a premium, it is still on a discount close to 25%
Yet another one