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As
''investing when the SP is at an all time high needs a little more research. ''
not so relevant with 3I Group being an investment company - they could liquidate and then make completely different investments if they wanted to, The make up of the portfolio will be constantly changing. A 3i Group investment should be an investment based on confidence that they continue making the correct investment choices on behalf of shareholders.
OWLS, 20-30 years ago, I think I would agree with you wholeheartedly. Do the opposite and capital growth assured. I renewed my subscription as they seemed to have better financial journalists able to use slide rules.
III, for me remains a hold in MY portfolio a BUY for an adventurous investor and an ignore for a "trader". I am supercilious enough to suggest I am an investor with a horizon of a FURTHER 30 years before I finally peg out and will, once I need to rely on my investments for income need capital growth as well as income to take advantage of investments made decades ago.
That aside, investing when the SP is at an all time high needs a little more research. Momentum.... bullish managers... excellent returns for decades..... growing distribution of profits.... yep is a weak buy now, and a stronger one if the price does not stray too far from the trendline
Investors Chronicle had it as a sell which is usually a good sign !
Now about £18
I think you will find that many nominee providers do not allow the purchase of every stock that is available on exchanges. I complained a few times about why such a large cap fund was no longer available to purchase (now is again).
their last reply at the time was -
''Unfortunately HSBC InvestDirect are not a whole of market
provider.
We can request for stock to be set up but we are only given
acceptance or rejection. We are not provided with an explanation
as to why this decision has been made.
I apologise for any inconvenience caused.''
Maybe my complaints helped in the end, but too late for a sub £11 purchase
Why would HSBC or anyone stop a share from being purchased? Seems peculiar .
Less than a year ago 3i Group had dipped below £11, when I 100% would have purchased more, but unfortunately for some reason HSBC had stopped having it available to purchase, which had been the case for a few years. Have just found out that they once again are allowing 3i Group shares to be purchased (now that they are at an all time high)
Gewilla
Thank you for your post, and no it isn't rude to suggest what you have re holding onto long term laggards.
The difficulty is doing something about it insomuch as finding a sector or company which has future growth potential of course that is not already had such priced in.
So fear of 'out of the frying pan, into the fire' always prevents the less bold from making such a decision.
As you have proven that is often the right way to improve you finances, but I wager a lot, perhaps less likely to admit, have found the frying pan more comfortable at times!
Sadly never invested in US shares but their Gov doesn't seem to bow to public pressure to windfall tax anything that is making profit as this, and certainly the next likely Gov will do here.
Thanks for suggestions which I will truly consider.
Would it be rude of me, Chid, because it isn't meant rudely, just a realisation I had a few years ago, to point out that keeping capital tied up in long-term losers merely increases our losses, because Prevent myself from investing in potential winners? I decided to start biting the bullet on paper-losses on stock that clearly wasn't ever going to make a decent profit, by cashing out and finding a better home for the remaining money. This way I stood a real chance of getting my money back.
The result was new investments in III, Segro, SMT, Microsoft, Flutter and others, that have recovered all the past losses and continue to appreciate. III at an all time high today. Losers are compulsory and inevitable, it seems, but losses, especially substantial long term losses, are optional. Just a thought.
Bought these at a similar time to buying Lloyds shares. But only a handful of these and too many Lloyds. What a massive mistake that was.
Can't remember what I paid for these but likely under three pounds, and have paid good divs' whereas Lloyds is still way below what I paid for it some 15 years ago.
So, the reason this board is quite imo, is people holding are content, whereas Lloyds is one of the busiest boards, perhaps for the opposite reason, all trying to convince one another that given enough time....
Bought here based on good recent momentum and good dividend.
Looks like a quite board, usually a good sign.
"I suspect it is only a mattr of time before Action floats" I have my doubts it will be anytime soon
" Also remember this is a terrible market right now." For the market yes. Not for a discounter. There essential are increasing sales significantly.
Namely food laundry/cleaning, personal hygiene and pet stuff.
"I am staying put" I will probably add in my isa possibly hg capital as well.
"..Much talk about them falling because their stake in Action makes them unbalanced"
And long may they remain unbalanced!
And may it get even more unbalanced or to be more precise...grow Action grow!
Podcast
https://www.hl.co.uk/shares/shares-search-results/3/3i-group-ordinary-73-1922p?tab=security_news
One thing i noted was 80% debt hedged 1.5% to 1.8% till 2026. I assume they were only talking about Action.
3i Group plc ("3i", or "the Group") will be holding a capital markets seminar this morning, involving a presentation from the management team of Action, our largest portfolio company. A live webcast of the seminar will take place at 10:00 (UK time). To register for the webcast, please visit https://www.3i.com/investor-relations. An on-demand webcast of the seminar will also be available by the end of the day.
10am today.
Only about action.
Available at the end of the day as an on demand
Yep HG capital was my choice and in profit within a day.
Have 3i in my general account and my ISA. Already upped my ISA holding to take into account the sale in my general account. Moving the money into ISA and try not to buy more 3i. It will be difficult. A 20% plus premium is the norm.
Big falls in my holdings of 3i and HG capital. A lot less in NBPE and in Oakley capital. The latter being a possible future purchase.
I think HG will be my preference for taking advantage of the present fall.
...Much talk about them falling because their stake in Action makes them unbalanced. The management here are anything but foolish and I suspect it is only a mattr of time before Action floats and we will turn a few billion quid into cash for reinvestment. Also remember this is a terrible market right now. I am staying put. (Also have a chunk of 3in in the PF)
I have held these albeit all too few for well over a decade, and stupidly invested heavily into Lloyds around the same time.
This has likely almost eight-ten bagged, I can't remember what I paid, but less than £2, whereas Lloyds is STILL less than what I paid for them and had years of no dividend.
IF only it were the other way around.
Only three months ago shareholders were capitulating with the SP at £10.62. Well done to all who held on to their holdings. This is a gem and owners are and will continue to be rewarded. The change in sentiment has been stunning
3 weeks ago put in an unlikely sell at £15.
Went through before I was awake...
Luckily, some left.
...at nearly £16 each. Something about gift horses. No rush to spend it yet!
lti not sure about that, I may be wrong but I seem to think it went to about £23 before the dotcom bubble burst in the late 90's. I could have sold then & paid off my mortgage at the time but held on for more. Worst decision of my life, I've regretted it ever since.
Excellent - currently trading at a new all time high