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For a large cap with exposure to consumer goods, 3i is enjoying a great recovery run. Surprised there hasn't been more interest on LSE.
if price can hold above this 200 day moving average into the close, it's a positive signal for the next few trading days - often crossing this average to the upside induces buying.
Positive commentary in Shares Magazine (subscription) today in their occasional "Under the Bonnet" feature. Quotes include "Often overlooked by investors seeking growth opportunities, there’s a lot to like about this FTSE 100 member" and "This is a solid ‘buy’ for anyone who is patient and happy to tuck their money away for a long time."
They have been stuck in the low 8's for getting on for a month now. The latest results helped the share price just before that by the dividend being maintained.
A few ugly industries are in the portfolio at present, automotive, travel, gyms and airport support services. So this is a slow burner for the time being unless there is a near term significant take out premium offered to take Action out of the portfolio.
I keep looking to buy 3I but wonder why the shares have not bounced back like so many others have?
I cannot find any negative news ...
Am i missing something?
Anybody any thoughts why both are scheduled to report their Q3 results on the same day (30th January 2020, according to both websites)? Never occurred before. Interesting though.
NC
''if there can be much more left to come?''
They manage billions of pounds of investments in many companies and sectors in Europe UK and the US, so your question is an impossible one to answer.
Just a question of whether you believe that 3i can continue to seek out good new investments and capitalise on past ones.
NC
I have mentioned before that after buying at 188p I unfortunately sold half at 321p and half the remaining at 613p and so retaining just 25% of my original purchase.
I will be keep these permanently .
When you are PE and you own fifty per cent of one of your biggest investments (Action) which makes up thirty six percent of your entire portfolio then investors may think twice. But they shouldn't.
It's not surprising 3i stayed in and increased there investment in Action. It would have been relatively flagged up their intention to do so prior to the announcement and a four per cent share price drop that day means nothing in context. Another PE house taking a $1 billion stake supports the increased investment and raises awareness.
In the US two similar businesses compete in a similar space (lower end value propositions) and between them, Dollar Tree (under pressure today) and Dollar General with a combined value of $62 billion. They have 30,000 stores between them serving 325 million people.
Action has c.1,500 stores in a small number of targeted European countries. The entire population of Europe comes in at around 750 million. Is there room for further growth? Is a $11 billion valuation on the conservative side? Can they expand in to other areas of business in due course? You decide.
The share price nudging towards £10 presented an opportunity given the premium had dropped to fourteen percent but it has taken off again. Clearly, unexpected events come in to play and companies with a high valuation (is it high?) don't half hit the fan when it all turns.
Wouldn't be surprised if this goes down tomorrow, joke network!
Anybody any thoughts why this is regularly trading higher against an ever strenthening £? The reverse has nearly always been true.
£10 by the end of the month :)
Dollar Tree...
Just a matter of staying above & away it goes
Well that didn't last long! Down 6% in a week! Not a clue why....any ideas?
Market seems to have woken up this morning.....up 27p so far......maybe rerating up to �12.00 + due good results, improved divi , now yielding 3% with expectation of progressive future policy. Don't look to be many obstacles to continued growth Happy
Borrows has just bought 250k shares at c£2m, probably a pretty good positive sign of what he thinks the future holds for 3i plc
Volatile start to the days trading, will settle soon, positive by the end of the day. �10 by next week
Great set of results. Low traded volume, shares have had good run in last month so price move so far could be short term sellers who got in for the ride in last 30 days. Great business
NC Probably a one off posting for me here. This is one of my smaller holdings now. I first bought at �1.88 then sold 50% at �3.20 (why did I do it) then 50% of the remaining at �6.12 leaving me with just 25% of my original amount of shares. So I have banked a good profit and in addition still have shares. I will never sell any of my remaining ones unless of course they get lucky and invest in a future big thing like microsoft/google/apple etc have been.
Looking good for rest of this year at least. Decent momentum in main business and also the Infrastructre fund too, gives some balance to PE side
�10 on the horizon
Lets see what this does tomorrow, seems to me good news coming.
Been on a down trend for a while, could it end soon? On a related note, what actually started this trend?
Boy, I'm good! Predicted last October sp would be pushing £9-10 by May and et voila!... now about the next Lottery numbers ......... Good luck all. TC