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Managed to reduceine from 52%to 27% of portfolio.....to early.
Such is life.
I will keep my finger of the sell button for a while.
30% of portfolio just now.
A few more added today. Time will determine the wisdom or folly of decision
New peak!
Have been selling of late the renewables are just to cheap.
Still 40% of my isa
UBS upping the target to 2800 (similar to Barclay's 2810) with a buy rating maintained, enough to propel the SP to new highs again today. All looking good for now at least.
I've been adding a few each month as a regular investment in my SIPP.
No rush to sell myself.
Over 50% of my ISA.
Unless I can spot something that I consider overwhelmingly cheap then I will hold here for the time being.
Chid, I see that it fell to a premium of 15% above NAV, from premium of 23%, which is very rich. So my guess is that the market thought the NAV would come in at c. 2150/2200p and it just didn't get those numbers.
Much as I enjoy 'climbing the wall of worry', now that it's getting close to tripling my May 2020 purchase price, I'm beginning to think it's time to sell 1/3rd to 1/2 to put it on a zero-cost basis. Which raises the question, where to go next? All in on the US Techs? With their 35+ PE ratios? Any thoughts?
Perhaps we are witnessing a dose of buy on rumour, sell the news today with profit taking after the Q3 update. While there are a number of items in the update to keep investors wary (the wall of worry!) “some 2500 prices were reduced… macroeconomic conditions and global uncertainty are likely to have an impact… Action is carefully monitoring the situation in the Red Sea…” the results were impressive overall and the strength of the business is clear. Barclays who have had an excellent record in forecasting the 3i share price the last 2 years believe we will see the SP move appreciably higher to £28.10 and management called out 3 months ago the strength of Action business can get the SP to just under £30 in the next 2-5 years. Given what they have achieved over the last decade a great number of investor will hang on for the ride.
Yes the numbers are good, but as you say it's now trading at a huge premium. So it was ready for a rebalancing. Action is going brilliantly, and I'm not knocking iii's holding in it, but if iii is an investment trust investing in unlisted businesses, I think action, at 64% of the portfolio is getting too out of proportion.
There's a pretty big gap between the SP & the NAV here now, which means the markets are expecting pretty spectacular growth figures from Action. Today's numbers look extremely good to me, but perhaps the growth numbers aren't quite at the level forecast by the markets. That plus a little reverse on exchange rates which didn't help. Not sure if others on here have any thoughts?
What have I missed 'between the lines' of the report to drop this around 5%?
Surely those charming beings who seem trouble wherever encountered can't be fully to blame for this?
Already locked in profits so on a free carry now. Probably should have held (definitely should have held in fact...) but had my fingers burned so many times before, including here when the dot com bubble burst.
Getting risky now over 50% of ISA.
No intentions of selling.
May take some profits one day.
Running my winners is always best.
Top percentage gainer on the FTSE 100 after Barclays raises price target to 2810p. The performance of this share over the last 15 months from 1080p to 2494p has been STUNNING.
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