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@Technie - 3 weeks in India... I will surely find time for at least one of them while her indoors does her yoga :-) Many thanks for the suggestions. Here is to huge profits while I am away - ambitious Limits in place.... GS
@GS - If you haven't read Reminiscences of a Stock Operator that's the one I'd want on a holiday. It's not a TA book though so to answer the question I'd recommend starting with John Murphy's Technical Analysis of Financial Markets. If you want to relax and enjoy the holiday then avoid anything on Elliott Waves! Enjoy the break.
@Technie - 1. Most important = off on holiday - can you recommend an easy book on technical analysis? 2. I believe the fundamentals here marry well with your charting and I would be completely unsurprised if we see significant new highs here quite soon.Trading seems strong, there have been huge management share purchases and the undercurrent of ID concerns worldwide must be music to PHTM's ears. Feels a bit like a perfect storm - in a good way. GL GS
Thanks GS, always appreciate your insight. The chart here is a tough one for me to read. The R:R at entry was just too good to let pass though. I've already banked here but letting the rest run. On balance I think it makes a run towards the highs after it has finished consolidating the recent gains. I'll reconsider this thinking if it starts to close back below the 165-167 area. https://td.md.it-finance.com/ProRealTime_V10_2/display_chartimage.phtml?name=6i7u36vhzozlg8uzc2k7adz78&type=png&purpose=share_twitter
@Technie - it will be great to have your input here. Interested to see how your chart reading stacks up against the fundamentals (which are quite hard to read right now I think). PHTM ought to be a money printing machine. Margins are fabulous, barriers to entry are deceptively strong and the international push for better ID (perhaps UK excepted) must be in its favour. I have been here for a while - the yield is good (sometimes excellent) and it has been one of the mainstays of my SIPP over the past few years. With that background I don't have much to say on this bb, but happy to fill you in/answer questions if you want. GL GS
Glad to see I'm keeping some good company here. I had no ideas you guys were in this. I saw BB post a while back as well.
Early doors I know wizard but I'm hoping we're finished with the 160's and will move on this week to threaten 180's The 165p crazy trade plan buy is just to cover the possibility of mm's slipping in a wee tree shake to free up some shares. " surely that doesn't happen " I don't use stop losses, to risky. It's a method I employ on all stocks I have confidence in ( LTH if you like ) We've a similar watch and buy strategy I also have around 20 on my watchlist and 7 in my portfolio. Cheque was on last week he said he'd 100 on his watchlist. Heh' Wizard we are slackers !!!!! Some interesting company's you've mentioned there I'll have a look this week. One on my watchlist ( SPI ) got mugged last week on negative news. Mm's massively over reacted as usual. Couldn't get wallet open quick enough. Over and out. D.
Thanks CHEQUEMATE, I may just do a free trial on stockopedia. Thanks all for a useful board this week. Whilst we are all in a sharing mood I also like and hold BUR, MYSL, JSG, QP. and SRT. My total punt is GAL (less than 1% of portfolio). Oldbadger I hope we do not retest as low as you are suggesting but if we did I think we would only bounce upwards off them.
Well Wizard Touched the 170's every day this week and finally gained a footing there on Thursday and Friday. I've a feeling we'll test the 160's again next week mind you so I've set up a trade plan to buy a few more should we drop to 165p. I don't mind up or down at the moment it's what's in the next trading update that will decide where we go from here. Think you are correct Isobel end of February next update I think the Wizard and I were just getting a wee bit carried away. Excellent board this week people you've given lots of advice on other companies which I will research over the weekend. For my two pennies worth I'm keen and in MCS. D.
Returning to my post this morning. Whilst out this afternoon I realised that I think you can get a free trial of stockopedia for either a couple of weeks or maybe a month should you be interested. Regards CM
Apologies for off topic. @jh - CPI is a complete no-brainer. Absurd market over-reaction imo. I took profits in PAYS around 410 but still have a v. large holding and am happy to wait now as the sp will surely breach 470 in the next few month either because they have more good news or because they get bought. Good for you in LAV - I got bored there years ago :-(( I tend to stay away from energy (that is just me) but will look at PLP although the rise from Oct suggests there might be a lull/drop soon. You might be interested in UTW. New CEO, new CFO, huge Woodford support... but DYOR GL GS
CPI is definitely a Woodford pick. I personally am very overweight in PAYS but in no hurry, just started here last week but smells good to me. My other big holdings are HURricane energy which I have been in for 2 years or so, and luckily for me Lavendon which is being bought out. I also have a holding in Polypipe (another Momentum Investor tip).
@jh - not sure about sensible. Misguided more likely. No - I don't follow Momentum Investor. I read IC, the FT, SCSW, John Rosier and a couple of others. I watch what Neil Woodford does as I think he is the best investor in the UK today. I have a spreadsheet of about 100 companies that I keep refreshing with likely candidates from the sources I use. Then I just do my own research. I just look for companies which in the cold light of day look fundamentally underpriced to me/imo etc. I narrow these down so I never have more than 10 -15 in my portfolio and I am probably heavily invested in only three or four of those at any one time. Right now the list includes CPI, CRAW, INL, PAYS, PHTM, RCN, XLM and a couple of others. My heavy holding are CPI, PAYS and here. Having said which I made money in QPP and VAST both of which can only be described as lunatic bets, but I was lucky with my timing, so a little money turned into a lot quite quickly. And I ALWAYS TAKE PROFITS. GL GS
I have seen you on the Paysafe board and always regard your comments as sensible. Are you a follower of momentum investor? PHTM and Paysafe are both favourites of his which is how I came to be on both boards.
I think guys the next trading announcement will be about 28 th Feb quarterly update hoping that push will take us into the 250 it's a wait and see ,expecting " better than expecting results".
Good morning HFW. Is stockopedia worth the money? - to be honest I have a friend who very kindly gave me a years' subscription to the site so it cost me nothing. I found it very useful but I haven't renewed the subscription so far. To me it isn't particularly cheap but if by using it it saves the subscription fee by having access to better research and therefore making more informed decisions whether to invest or NOT invest in a company then, yes, it is possibly worth it. It is a personal choice. How it compares to other sites I am not sure, but I certainly found it useful. What I do use is Paul Scott's Small Cap Value Report on stockopedia. That is free. Paul is very good at giving unbiased reports on companies reporting. He does not make recommendations. Worth a read in my opinion. I think you can probably get access to it by Googling it and going from there. This is just another tool to my own personal research. No need in my opinion to get bogged down with so many different platforms, it can confuse things and just takes up even more of our valuable time. If you feel you are getting what you need from sharescop then good. The comment you make about volume of a message board chats vs. returns is very valid. You will find that the boards that have the most chats are almost entirely the worst performing shares over time. They tend to be the cheapest (lowest cost) shares ie costing pennies to buy, have large spreads, pay no dividends, do not make profit and some don't even have any revenue. Many are pie in the sky. From my experience a steady rise in share price based on sound fundamentals, and I have to say a degree of luck, is always going to be more successful than on flawed fundamentals and a huge degree of luck. Good luck all and regards CM
Agree Oldbadger, the decisive break through 170p means its a lot easier to be patient for a trading update. Some great links added in last couple of days. Chequemate --> is stockopedia worth the money? I have been to a presentation and it looks very good but i already use sharescop to mine for stocks and frankly could not be bothered to learn another platform. Interseting comment also this being quite a sleepy chat board. The guy at stockopedia had one slide in his presentation. it charted volume of message board chats vs returns over a year and there was a completely inverse relationship. the more chat and discussion the lower the return!
Good morning all I've been looking back at the dates of the previous trading updates. In doing so I note phtm don't appear to stick to specific dates for quarterly updates. It's possible that Wizard's assessment of the 8th Jan. trading update last year was due to the phenomenal 90% rise in the Japanese business. Whatever I assume we are a happy bunch of campers on as unlike other boards no one on here is burdened with heavy historic losses. D.
Bought in here at 147, looking to add on any pullback. Came across a laundry machine setup in the carpark of a French supermarket last year and found it very interesting - had no idea it was a PHTM enterprise until later. Good prospects all round here in my opinion. (Elsewhere on the same trip to France I pumped petrol from a completely unattended petrol station - just a few pumps in the middle of fields with no people and no buildings around, and only a camera on top of a pole. Automation is coming quickly.)
Craig If you want an ever quicker insight - go to https://woodfordfunds.com/words/blog/2016-year-review (if the link gets taken down, just search for Woodford Funds and go to the blog which reviews 2016. No reading. Just watch the video. For "momentum Investors" read "tipsheets" GS
Craidg, I would like to back up what oldbadger has posted. Wise words. May I be so bold as to suggest a book which I have found invaluable to my investment approach which goes into research and many other factors to improve our performance. It is by Robbie Burns, the Naked Trader "How anyone can make money trading in shares." It is a very easy read, cuts out all the jargon and speaks directly to each and every one of us in everyday terms. It is a light read, doesn't go into high brow equations or alike and is straight up. I still delve into frequently, picking out bits when I like. It is full of common sense. By far the best book I have read regarding shares. Gosh, some I have read/tried to read have been so dry that it is easier to throw ones hands up in the air and believe it is too complicated and give in to those share tips and broker notes believing they know better (they don't). We can all be successful with a little application Good luck and regards CM
I think your on winner this time Craig. It's not my place to give advice but and there always is one it's nearly always beneficial to do your own research before you buy. It's fair enough looking at what other people are saying but you should never buy anything till you've done at least some research. Not trying to be smart but it's just so important to know exactly what your buying and what expectations you have of every share in your portfolio. Good hunting sir D. .
Hi Chequemate. I also got in early Dec. with a similar average to yourself. I spent a week researching every bit of historical data I could find written about phtm. and nowhere did I find anything that said this was a business I shouldn't invest in. The charts tell us we've had a good run over the last month or so but if you go back further you'll find that we're as near as damn it where we were a year ago. I I defy anyone to say the fundamentals of this company have not improved in that year ! D.
I invested in PHTM on 9 Dec at a price of 159p. I found the report below of interest. I have posted it before but for those of you who may have missed it I have posted it again: http://www.stockopedia.com/content/small-cap-value-report-9-dec-2016-phtm-bju-abdp-wtm-frp-161773/ Craig - a 30-40% profit would be very good but key to successful investing is to run ones profits. So, it it gets to those giddy heights then perhaps reconsider. There may be no reason why the price could not go higher. If things really look good it is possible I will average up - into strength. But of course, we all have to do what is right for ourselves at the time, regardless of others. Good luck all Regards CM