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as NT said, motor sector out of favour of late, but recovery probably due to being oversold, mmh, vtu & look have all suffered similar fates
Anyone have any idea what today's dip & recovery was all about? Couldn't find any news. (Not complaining too much though - added @ ~158.5)
RB's trades now updated: he sold on 28 Sept, for a small profit of £81. (But lost £300 on MOTR earlier in the year.) Wonder if he'll be back? I might consider adding a little if the SP gets much lower, as this does give the impression of being a well-run company. I like their website, particularly the way they handle recruitment.
yes, just read, I've become a little sceptical of some of his profits, but will give him the benefit of doubt I added here this afternoon, not the NT way I know, but this is well below the ipo price now, and due a bounce, if it goes wrong I'll be out
Looking back at the chart, he must have sold late Sept-ish.
Well, Robbie says he's out of MOTR "for a profit of £81" in this proactive article. Not quite sure how he's managed that, we'll have to wait till he updates his own website. http://www.proactiveinvestors.co.uk/columns/the-naked-trader/26269/the-market-has-certainly-changed-since-brexit-26269.html
ha, not bought 'Like a Shark' yet, the trader in me is waiting for the retrace to a decent price on ebay lol, amazing but true ! tbh having read NT books before I'm pretty confident in what I'm doing now but yes I will be on the lookout for it
Yes, sorry, I didn't mean to imply that. Likewise I see him as one source of ideas among many, and I'll also be looking at the update due today. Have you seen his new book yet? It seems to be getting good reviews. I found TNT a bit lightweight but certainly entertaining.
Whoa I didnt say I copied his trades, I research the ones I find interesting that he buys, but he has definitely changed for the better the sort of shares I was buying - so much so that he effectively bought cct after I was already 100% up and Nah after I was 60% up, epwn too, it's nice to be able to find them before he does but obviously doesn't always work out. Will be interesting to see his approach here on his blog tonight, probably sold at 195 and looking to buy back will be his status if he mentions it at all
Hi threeputt, Just to be fair to Robbie, he does give clear warnings under "COPYING TRADES" on his "Diary" page. Looks like today might be a mite cheaper than yesterday, depending what the spread really is in practice. Wonder if Robbie will get stopped out?! (Though I think he does that manually, not automated.)
I agree and am tempted to add Not convinced NT tells the whole truth, much as I like him and he has changed my bad ways - For example He was all over IBST ages ago and I bought some too, it tanked on brexit after hovering around 200 for 6 months, and when I looked to see what he'd done his trades said he'd sold it within 2 weeks of buying, for a tiny loss after saying: "I expect to hold Ibstock for a few years" I made most of it back and I'll give him the benefit of doubt on that one, but Robbie your card is marked !
Jumped in today at ~184p. Main reason: Robbie Burns* likes it and there was an opportunity to get in quite a bit cheaper than he did! (Last time I managed to do this was with KWS; Robbie bailed after a profit warning, but a careful reading of the RNS showed it wasn't nearly as bad as it seemed at first glance. So I held and added, and in the last 3 years the SP has quadrupled, which helped compensate for some disastrous investing decisions elsewhere. Wonder if I can manage the same trick here?!) GLA * See http://nakedtrader.co.uk/trades.htm
Imo don't get fooled. Yes there is current volatility, but as usual when other people are fearful great opportunities arise. MOTR will continue to sell second hand cars and it might over the next few years attract more customers looking at a better priced second hand car, instead of a new one, which will make matters for MOTR even more interesting.
MIDAS SHARE TIPS: A nice little earner! But used car dealer Motorpoint Group got there by being nothing like TV's Arthur Daley By JOANNE HART FOR THE MAIL ON SUNDAY PUBLISHED: 22:16, 4 June 2016 | UPDATED: 22:16, 4 June 2016 Read more: http://www.thisismoney.co.uk/money/investing/article-3625428/MIDAS-SHARE-TIPS-nice-little-earner-used-car-dealer-Motorpoint-Group-got-like-TV-s-Arthur-Daley.html#ixzz4Ah2QC94U Follow us: @MailOnline on Twitter | DailyMail on Facebook
bit of selling first thing in the morning after a strong close, still convinced that this will 'motor' on during 2016 as mentioned in my earlier posts.
a bit of selling first think on the back of yesterday's rise which is a good thing as new investors come on board. Convinced that uptrend will continue as numbers and outlook look pretty interesting.
and purchased 25,000 at around £2.16 on Friday afternoon as I think the numbers look pretty good and IMO this will only go up over the next few months. If you look at the attached write up, next month could see its acquisition of a car supermarket site and business near Birmingham go through. Furthermore pre-tax profit more than doubled in 2014-2016 from £7.7 million to £16.9 million with a return on capital employed averaging over 100% a year for the last three, the group's efficiency is also evident in its quick inventory cash turn of over 10.2 times. That means "in the absence of unforeseen circumstances" Motorpoint will announce an interim dividend with its half-year results for the financial year ending 31 March 2017, expected by 30 November. http://www.iii.co.uk/articles/317176/ipos-dazzle-knockout-week
Lots of sells declared after the market closed. Bagged themselves a nice first day rise though.