Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Neil Woodford, Neil Woodford, Neil Woodford.Remember yesterdays hero can easily be tomorrowa villain.
Whilst I have no words of solid wisdom I am using my Persimmon experience as a spirit guide!! I purchased 12k shares at 2450p only to see them plummet to 1850p, to say squeaky bum time is an understatement, the wife claiming I had no idea what i was doing and should have given her the money to "invest" at (not in!!) Next / M&S etc. I held on and sold some at 2350p and used the cash to trade out some of the loss by buying other stocks, which was a reasonable at best success. Market returned and I sold the balance of holding at 2676p and lorded over the wife that of course i had read the market well, had banked 2 big divis and made money on the share price. Used the cash to pay off flights to Japan, Premium Economy no less!! I now see that 3 months later the share is circa 3280p and my "give up" is nearly £7k, we could have flown business class, well at least i could have!! My moral is too be boring and do as the experts advise, see the long term picture and dont panic on the downs, I have actually lost nothing on RDSB as i havent sold anything yet!! and my purchase price has been between 2000-2300p so I can wait a recovery, especially as i am too tight to consider a loss. Divi's give me some comfort, however I am not brave enough to top up, which is stupid as i have 70k sitting in a bank account paying less than 1%, just shows what a coward I am after licking my wounds this year on Aviva, RDSB, PSN and Mondi . Am seriously thinking of giving my cash to that nice Mr Smith over at Fundsmith a she has turned £35k into £73k in 3 years, and his Smithson fund has returned £13.8k against £10k investment in less than a year. Can anyone remind me why we do this independant share investing when Fundsmith has annualised 19% since it started in 2009. This would have been so much better if 2018 hadn't returned 3% as every other year was mid/late 20% return. What am I missing?? Is that writing really on the wall??
When is the gold ex divi date?
Well I took a small firt position at 1912p , given that the number of people recovering from the virus is becoming closer to the added number of the day, and as 56% of the recocovered numbers have occured in the last 5 days there seems to be that people numbers are recovering faster than the daily increase in those effected.
Factories in the New York state have reported their biggest increase in new orders in a year.
The New York Fed’s Empire State business conditions index, just released, rose 8.1 points to 12.9 in February. That’s the best reading since last May - defying forecasts of a drop to 4.0.
We "might" be approaching to worst in the next week or so...time will tell if all the huge efforts will gain an upper hand on this virus upheavel
Bigbadbaz hits the nail on the head - spot on !
At this moment in time, the pan-epidemic seems unstoppable, the US Stock market is focused mostly on high tech stocks with P/es in the stratosphere so I sense a collapse is a possibility, the Chinese economy as supplier and buyer is seriously being impacted, so:
So we hold and get about 7% yield [my dear Barclays gives me a mighty 0.30% pa !] and if one wishes to examine the fundamentals RDSB , its coming into a Warren Buffet indicator as a buy.
At £16 per share, the Adam Smith I know [the George Goodman one] will tempt me to re-enter the market.
Misca the believer - chuckle