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Good rise today...Any ideas as to why? Anybody.....
Major up trendline is intact, so bullish . Price action today is bullish upmove. Confirmation of bullish up move will be when Relative Strength indicator crosses above 50. Chart is one day behind, so may have happened. The obstacles to upward movement is overhead supply at 450 and 550. Additional purchase might be warranted , if 450 broken upward. The 550 price level would be a selling target.
Oldbutnotwisa true enough:) I was lucky can't believe sp dropped at open leaving me back in with little pain. In fact it's worked out well as bought extra 20 per cent up nicely now gla holders regards jack
Monkeyjack, serves you right for distrusting a boss by the name of Fani Titi!!
Back in slightly lower so only lost dealing fees did increase my holding a little. Great to see dividend increased superb results given the macro events gla holders regards jack
Excellent results I called it wrong never mind gla holders regards jack
Sold out today mainly due to n91 poor results blaming south Africa situation amongst other things will look at results and look to buy back in on any drop. So knowing my luck results will be excellent and sp will soar have done very nicely here anyway. Gla holders regards jack
This is a very canny outfit and the chart shows these are down 25% and staying put. there are, in my view, a number of reasons:
1) South Africa is not economically a happy place to invest right now.
2) Ditto Banking as a whole.
3) The recent deal with Rathbones to merge up both their Savings businesses was viewed as an admission of defeat by Investec but you can argue quite the opposite - namely, they are making savings by sharing the staff once slimmed down to run that joint business. Possibly also bricks and mortar overheads.
If you invest medium to long term, a decent case can be made for buying at this time, especially since they pay healthy dividends. Rather than pumping a huge sum in one hit, you could consider splitting your funds into monthly chunks.
So is the Rand against the dollar, reason for the today's drop that's all I can find, probably pop back up next week ...atb
Gazzleberry, Are you talking as an investor or an employee?
With the continued movement away from active to passive (tracker) funds and the corresponding reduction in fees, wealth management has increasingly become a numbers game (AUM and economies of scale). Smaller size funds are increasingly finding it hard to compete with the market titans e.g. Vanguard and are cosolidating to survive (which inevitably leads to fewer jobs). We reap what we sow. Active fund managers, such as Neil Woodford, going "off piste" to try and boost returns, have done the industry no favours.
Where are the new Anthony Boltons? Indeed, where are the younger Neil Woodfords? Woodford did originally have a good reputation as a value investor but, like a lot of us value investors, he never really adapted to the new world order. Personally I continue to think, like Woodford once used to, that the mind boggling valuations of a lot of these overhyped, high growth, pertpetually loss making companies are, inevitably, going to come crashing down when people eventually realise that they can only hope to make the returns that their share prices imply if they are allowed to operate in a monopoly or cartel i.e. the money they are putting in one pocket, they are nicking out of the other ;-)
bb143 commiserations. I'm afraid it's just yet another sign of the times. We decry the demise of bricks and mortar shops as we quite happily order goods online. Unfortunately the rise of the passive tracker fund and the corresponding reduction in investment fees was only ever going to have one outcome further down the road (consolidation and job losses).
I work at Investec Wealth and today most of us are feeling like an unloved child being pushed out the front door by parents who wish we were somebody else's problem! Lots of redundancies to come as the businesses overlap so much.
...that man again. Mr Titi! And with a name like that it's a shame. Think how brilliant he could have been if he was named John Brown!!!
Glad they're keeping the Rathbones Brand, "InvestBones" or "RathTec" would be just wrong, even worse they could do an Aberdeen and go with something stupid like "RTHBN" Lol !
These fell a quid from their recent best and I did not sell, but if you have cash, it's a great time to buy with a nice safe yield.
...required to hold shares anywhere right now. Motley Fool says Big Brown Bear is here and Crash imminent. I am not aying they are wrong but can foresee a different scenario for UK if Maha-Rishi settles with the unions and Jeremy gives us the tax caning Budget we need. But perhaps we all need strong nerves because it will not be a smooth ride in any case.
And with share buybacks and interest rates expected to increase further this year will sit back and collect the increasing dividend.
Wonder if the final will be increased by 22% as the interim was?
NAV over £7,80 and yield of 5%. Staying put here and any realisations elsewhere may well go in here!
Quality co in the right sector for now.
Brought in hoping for a bounce tomorrow.....
Thanks.Had not seen that.Those with good nerves might buy but it could be bumpy.
PER COSA ?
President impeachment I think is the causr
What have I missed?
Well, very pleasant set of results?
Share buybacks & 22% increase over 2021 interim dividend.
Not to mention the equity return from 91 earlier this year.
One of my better investment decisions!
...next week. Cannot be bad with interest rates up and lots of takeover activity!