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Yes - different opinions are good. I do have a percentage in currency but it’s in crypto based currencies. I find that some people really struggle with that one and it’s going off topic but even Druckenmiller suggests that a currency from someone from MIT may become the future reserve currency. So I’m comfort with it and it’s really interesting when you properly research it and get beyond bitcoin. Trade of the decade in my opinion.
Fire/there is a lot of red flags out there,check out Youtube "Stanley Druckenmiller: Current Fed policy is totally inappropriate."
The problem with being in cash is that money is devaluing as it’s printed so you may as well be in assets just to stand still.
The challenge for value is that the product of the companies are based on making things so not scalable quickly.
Hence you’re still left with growth where things are quickly and cheaply scalable and also able to tap into the network effect. Hence valuation multiples are less important. Hitting and beating targets is however.
I know people don’t always believe it’s different this time but the virtual world that is appearing is a huge value creation opportunity driven by growth companies. Lse’s approach should be able to tap into that so long as they deliver (exceed) targets.
(I’m sure value will still deliver, I just think there is a higher return opportunity from growth that’ will keep on giving and it’s premature to say we are rotating into value.)
Fire/ i am sure you will find opportunities in the next year to deploy your cash. I do not like to keep harping on about Buffett,but hes 40% in cash,which is unheard of. The Central Banks cant keep printing money,people are losing faith in fete money. After the furlough ends and the shi! hits the fan,the stock markets could get a right kicking, Be Lucky
Gloucester/ The world is being reset or should i say the "Great Reset". Data is now being described as the new Real Estate. The management are using this period to transform the company,which i agree with. You will struggle to find stocks that fit Slaters criteria,because so many companies have used low interest rates and taken on debt,that is why the growth stocks have done is well , That is why they are so worried now about inflation,it could lead to higher interest rates and bankruptcy. I believe many companies like ours will benefit from this period,but many will go to the wall
Interesting views here. Having read far too many books, lynch from memory had various ratios and also liked to walk down the high street and get the new ideas like gap and pull in the 5 baggers or 10 baggers. There is no high street today and you need to check the web for the ideas. Graham looked for value and finding stocks and slater had his peg ratio. I’ve built various models and done back tests on a lot of data and those models don’t have anything that stands out anymore as they are all copied and the alpha no longer exists in a world of mass data access and quant investing. I’ve tried many things. Lseg is not value, it’s a believe that their new data approach will deliver a better revenue stream and hence valuation is high and hopeful. You either believe it or you don’t. Or you believe it until you don’t. One day value will come back but with interest rates low for the for seeable future I think stocks like lseg are the best bet. I struggle to find the value stocks that hit slaters criteria. I don’t invest in Cathie Woods funds and don’t necessarily agree in her personal ethos but find the argument of disruptive technologies as something you can’t ignore. I would recommend looking at that for ideas for the future.
Fire/the individuals are unimportant,its their method of investing,which is intrinsic value investing,which Buffett learnt from Ben Grahams "the intelligent investor" , My brother-law was a technical analyst(now retired) for years i had to put up with "head and shoulders" " Candles" and all the rest of that nonsense,i dont understand it and i dont want to understand it and when hes wrong,he will say something like "that happened in 1939" it drives me mad..I will stick to what i know best and leave the trading and charts to others
Fire/ we all have our own ways of trying to make money,,Jesse Livermore was a trader,he would follow the trend "the trend is your friend". Iam not a trader,iam an investor,i am not looking to do trades,when i buy,i am looking to hold for at least 5 years, I will only sell if the fundamentals change or i find something else more compelling. I have learnt my way of investing off the likes of Buffett,Munger and Jim Slater
Fire/ The trend is down,but what the markets do on a daily basis i have no idea or care, If you like the price then buy,you dont have to put it all in,,check out, Youtube "Peter Lynch; 5 Methods to successful investing" Take note of method No2. Peter is one of the greats and he can explain it much better then i can
Thinker/ the trouble with AIM is its so easily manipulated. Its a shorters paradise,because of the low trading volumes and m/caps. If you have the right strategy you can make big money on AIM far more then the main index. When buying any share you should check the shorters check list,but especially on AIM
Fire/i wouldnt worry about the P/E on this,its all about earnings going forward and the Refinitiv deal. I have given the management the benefit of the doubt. At the time of the deal the major shareholders would have been on board with the deal,so you had a lot of clever nuts looking at the numbers. This going down now suits me just fine as i will buy more. The markets are being corrected,which is healthy and overdue especially american tech, I have over 60% of my 3 stock portfolio in this.over 8K shares,this for me is a share for life
Hi Stevie and Fireant, AIM investment is always a bit hit and miss and success depends on the quality of the company and the integrity of the BOD. I've lost before on AIM stocks and you learn by your mistakes. Like you I now look at FTSE100 stocks as well as commodity ETFs and focus on consistent small gains over the month rather than fishing for the big one which may never come. If you can increase your folio by 1% per month (easily doable) that's 12% over the year and you won't get that in the bank. I will dabble in AIM but only small proportion of my folio and never with money I can afford to lose. Good Luck
Fire/iam surprised at your statistic that 75% of shareholders in AIM lose money,i thought it was more like 95%. The AIM market has performed badly over the years,having said that ive done very well out of TRMR and CVSG in the last few years. I lost money on Avesoro and Monitise both on AIM. It really depends on the quality of the company not its platform, I find myself holding 3 FT100 companies which ive never done,i suppose its an age thing,i aint got the time to wait,being an old git. If you are looking for advise finding new shares to investing in,my advise is to check out the RNSs on the LSEG site at 7am, look for "Holdings in Company" you will see where the money in going. I would follow Blackrock,Slater,Schroders and the Liontrust,when they are adding to existing holdings,its always a good sign. Also check out their top ten holdings,they normally have 3 or 4 favourites
Lincolnite/great story,anyone on here wants to "cross-ramp" or give tips,thats ok with me. I lost £42K on Avesoro a small west African gold miner,so the word" miner" gives me the shakes,but commodities are going through the roof so you should do well
FireAnt - Thanks for the PERE tip, I'll run my ruler over the fundamentals when I've got a minute. Some posters really object to people 'cross-ramping' as they call it, between boards. Personally, I don't have too much of a problem with it as long as it's interspersed with some general chat about the stock for which the board is intended, and I'll tell you for why.
I've been investing in the markets as one of my hobbies since 1997, when I turned 18. I was originally inspired when between 1995-1997, immediately after starting work and straight out of school, my employer sent me to college on a day-release course in Business & Finance. Some of the lecturers also had 'real' jobs and by total luck, one of them also happened to be a stock broker. It didn't escape my teenage attention that this lecturer was different! He wore a sharp suit rather than the usual baggy jumper and drove a shiny new Jag XJ6, when other lecturers were driving a Sierra or a Cavalier. With much thanks to this man, I wasted no time in finding out what the stock market was all about and as soon as I was old enough to get a PEP (which later became the ISA for those not old enough to remember) I was getting involved.
Over the 24 year period I've been a PI, I confess I've not always called it right and have had some failures as you would expect. Fortunately, I've also had a number of success stories and these have always outweighed the failures. But, by a country mile, my biggest success story of all has been EUA. It has been genuinely life changing for me already, to the extent that it put me in the position that I was able to retire from the day job last Christmas at the age of 41. This one stock has probably brought forward my retirement by at least a decade. And I believe it still has legs from here, as we are still awaiting the outcome of the FSP, which is why I've kept 3/4 of my original holding invested. Why am I telling you my life history you ask? Well, because I only became aware of the life changing stock that is EUA because of a so called cross-ramp by someone else on a different board. I followed up the tip with some thorough research into the fundamentals of the company and felt comfortable enough to stake approximately 20% of the value of my portfolio on it back in 2019. So, to those that seem to object to all forms of cross-ramping, to the extent that on some boards they chastise anyone who dares try it..............I say, don't be so quick to complain, it changed my life, it might just change yours some day too. And I probably owe someone a drink or two as well, if only I could remember who it was that originally tipped it!
Isomer - Good luck with your strategy then. Yes, today has been volatile across the board really but at least LSEG held firm into the close! Seems to be some resistance at this level.
Isomer - I've seen you on the EUA board too I believe - you must be a shrewd individual! I don't know when you got into EUA, but having been in since the 2p days I top-sliced at 34p. I walked away with 3 times my original investment and am still holding 3/4 of my original and fairly significant stake on a free ride. When the FSP concludes (if it ever does!) I certainly intend to have another substantial top up here if we're still down at this sort of level.
The stock market is never obvious. It is designed to fool most of the people,most of the time
The market is still hitting higher highs and then corrects so I’m not convinced it’s all going to fail quickly. It’s not in any government’s interests. If it stays flat or starts to fall continuously for 3 months then I’ll believe the bear story. Timing 10-15% corrections is impossible on a regular basis. You’ve just got to take a POV and stick with it until the evidence makes you change it.
I’ll run with the volatility of LSEG for the while.
the sector rotation from growth to value started a few weeks ago,i sold my 2 small growth stocks TRMR and CVSG,and bought this and GSK,in hindsight i bought this too early Growth had become overvalued on a fundamental basis,especially in the US. A 20% market correction would be healthy but who knows what happens when the panic sets in
I think FireAnt mentioned earlier about Nick Train being one of our major shareholders (4%),who likes to pick a good one and hold it forever. Some on here might not know about the Capital Group (6%) they are a "blue blood" private american investing company,it always gives me a nice warm feeling when i see their name on the shareholders list,check them out
the market is never wrong, sometimes our opinions are. In the last few weeks it looks like the steam has run out of the tech companies. I would love to short Uber and Tesla but ive not got the bottle,these bubbles can go on for a long time. Theres no harm in top slicing and taking profits,we all have our own strategies. My average is £78 so i will be adding with my divis from this,Lloyds and GSK until my average is in profit,then i will hold
Gloucester/ i agree,,its a bit of both, thats why i like it so much,its a Hybrid of a Rottweiler and a Labrador,but i agree it is more of a growth stock. Thats one of the reasons why i think its come off with many growth stocks,due to the worry about inflation,which could raise interest rates , Like you i feel low interest rates are here to stay
This is a growth play rather than value play so I don’t think that the PE should be a deterrent. It’s more a case of whether they can transform to a data business and drive the revenues and growth from that. Some questions recently raised on whether they can transform. That’s why share price has fallen (IMO). If they can ride the questions and get back on track, should be able to reverse the fall and get back to previous positive momentum
Other main factor is whether there is really a rotation from growth to value. I’m not yet convinced of that and feel low interest rates and tech have more to go.
investor/thats a good question,although the P/E is 35 not 60 . i agree its lumpy,anything over 25 was thought to be overvalued,although the great investor(like Charlie Munger)now says with interest rates so low,you can expect to pay more for good businesses. The Dow and the Nasdaq to me looks overvalued but not the FT100, I am not clever enough to time the market,but as the great market trader, Jesse Livermore said "Its not timing the market,its the time in the market" So if there is a correction /crash,i will use that as a buying opportunity.