focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
To provide its shareholders with quoted access to private equity and infrastructure returns, its main focus is on making quoted and unquoted equity and/ or debt investments in businesses and funds in Europe, Asia and the Americas.
Find out MoreLondon South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
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
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.