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Sp, broke above the three price highs , since December 2023. Also sector chart is moving up. Price target is 816, which is volatility based, top bollinger band position, which normally encompasses 97% of price. A fast movement is not expected because the top and lower bollinger bands are moving in the same direction, indicating moderate volatility. The average true range indicator value, or a multiplier of the value, set below the previous low of 799, might be useful as a stop order. DYOR.
Thanks StrictlyZinc. I do think £30 by the end of the decade is excessive, but as you say I certainly won't bet against it for no good reason.
Its not all positivity from me however, but for global reasons rather than as goes an individual IT such as SMT.
I truly believe that the world now has far too many people on it and is facing a slow catastrophic window toward ultimate human extinction. That's a big assumption but the evidence has been mounting for this over decades and the facts are now all plain to see. There will be more and more world economic draining wars and natural catastrophes, and there may be also a greater repetition of world inflationary events such as the mother of a one that we have just been through...
On that basis does that mean that tech (including those ITs that even loosely gravitate around tech) necessarily has/have to be come unprofitable? Tech for me is all about evolution towards current need, and that's simply why tech wil always be profitable long term (volatility excepting) as mans strongest desire is to survive and prosper.. it's a repetitive matra from me that one, but one I am not sure people always fully appreciate.
SMT was highly overpriced at the time it started downhill amongst all similar in Nov 21 and I'll personally be ecstatic to even see £20 by the end of the decade.
Buy on basic facts, don't get swayed by media without obvious cause or conviction, don't follow the herd when things tip on negativity, be convinced, never sell.
Amen.
Well said! Who would bet against £30 by the end of the decade? I wouldn’t!!
there is absolutely no reason for negativity as concerns smt. the fact that there is (as in it's a slow rise comparative to the likes of att) shows clearly to me that it's purely a case of smt being the presiding media negativity target. it all started rolling downhill on the announcement that anderson was going and presumption he was leaving a sinking ship. distrust in slater (even evidenced by people on this forum) and the bhide bust-up *******s also set people's minds generally against the trust. the nail in the popularity coffin then was of course the rise in unlisted acquisitions, the apparent drop in sp and sentiment down to that being the ridiculous assumption that all 30% of investment was doomed to total loss..
i've always expounded the underestimated negativity of media influence on here (on occasion being told it is only of minimal consequence), yet my knowledge of human psychology says otherwise.
the 30% unlisted aside (and only because of the irrational fear this engenders in punters despite them all being potential biggies of the future with fabulous financial parachutes) may well be a consideration for smt to taper down as it bars the purchase popularity.. i do however see smt as a great investment even at its current price (steadily up in a non volatile fashion over the last many months). my prediction is that there will become a point at which the upward curve outdoes that of att (for example). for me that is simple logic, which is what we all need to focus on and not human emotion. nice also to see some positivity on these pages (at long last) from many who have despaired in the past.
another point struck me the other day.. less than a year ago there were stories circulating in the financial media that the nasdaq was broken and would never attain or exceed 13,000 (ie tech is dead).. i also accept arguments that "smt doesn't strictly follow the nasdaq", but i've been looking at it every day for the past 2 decades and it does actually relate at least in comparative terms extremely well (just saying)..
all i'm saying really is that we should banish any speculation or thoughts of the media who fund themselves via their sown speculation, largely ignore the accompanying reactions of the herd and just look at the basics facts and likelihoods. it's taken me a great many years to understand this is what it all comes down to and i've been correct so far. it's not all of it, but it is most.
Yes Tambo, will give this some thought, need a 3 year plan...
Of course you are correct and it’s all crystal ball gazing but I feel happier going large at these levels than if we were at an all time high.
Whilst there's some overlap between SMT & PCT/ATT, there are significant differences too. You're not really comparing apples with apples.
So IMHO referring to them in the same breath doesn't really get us anywhere. Yes, PCT/ATT have recently significantly outperformed SMT. But you can selectively choose other periods where the opposite's true.
I'm not saying PCT & ATT haven't been great long term investments - PCT in particular clearly has. But that doesn't make SMT duff. Nor is it necessarily a reliable indicator of their relative future performance.
PCT is about 2935 at the time of writing, which is comfortably above the previous peak of about 2746 at the end of Dec 2021. SMT, in comparison, is about 809 today versus about 1543 at the peak two years ago. If these two funds are in any way comparable, SMT should rise more than 15 to 17%, Strictlyzinc. I would be delighted if it did, but I won't hold my breath.
Yeah Strictly... hope so! I am hoping now that I have patiently held this long to get to my average I can see some profit before I sell half or so. I need the money ready for 5 years time so I want to lock at least half of it away safely.
So PCT and ATT are up 15-17% for 2024 and SMT …….. 2%.
I see a healthy upside correction coming you would think!
Haha indeed. Maybe it just feels like that. So often there is a surge upwards and you know beyond a shadow of a doubt it will be stamped out and retreat as quickly as it rose.
StrictlyZinc what is a fake rally?
I was 3p a share away from breaking even this morning! Haha
Still lots of hate towards SMT pulling the rug last hour. Strange that both PCT and ATT climbed at kept their gains. Tells us a lot about anti SMT algos!
Don’t be suckered into scam rally like this morning buying at 811
Stocksr - Waiting for it to drop to 700p might be a stretch, given we're most likely at peak rates in the US which influences this IT.
I know I sound hypocritical, but if you're thinking of getting in, now might be a good time to enter. A bit here a bit there. By say 10% of your target this week.....Wait another 2 weeks and buy another 10% if it drops say 3%...and so on.
Sentiment is everything as we know rather than solid fundamentals. So interesting that every increase in NAV sees an initial price surge before the algos kick in and kick it down. Would be so good if we can hold £8
The sellers are selling to people (and automated trading programs) who think it's the right time to buy.
Lots of selling on trading page, usual behaviour selling low and/or buying high, unless they were wise and bought at £5 about 4 years ago...
It's good to have a plan
Hi LOL, Americano, PJM, Stuart, Beachouse, Tambo, and others, having exhaustively analysed last 2 years charts, my plan is to buy 20% of holding at £7 (if it drops to that), and sell 20% at £14 (if it rises to that), otherwise hold, master plan with no real financial expertise, might just work.....
Stuartrm - it's true there are countless potential threats to stability & security right now. Which is why many markets (US excluded) seem fairly moribund ATM.
However, there's also a possibility some/none of these nightmare scenarios fully (or even partially) transpire. I suspect Trump will get back in. But I also suspect this would have less impact than some fear. Whilst he may feel even more emboldened by a second term, his last Presidency didn't spell disaster for global markets. Far from it. And indeed, given his "Make America Great Again / America First" mantra, he might give US firms a major boost (where SMT is heavily skewed with over 36%).
Of course, I'm not suggesting for a second any US trade war with China would be in the least bit desirable or smart. But there's already strong momentum (not just from America) to pivot away from Chinese supply dependency. Trump would probably accelerate this trend, but I suspect it would still be fairly gradual & sector specific. Even he might just about be able to grasp that an all-out trade war with your country's biggest supplier might not end well.
On the other hand, we are talking Trump here ......!
Thank you for the clarification, MrAmericano. I am unclear, however, whether your reference to the east applies to Ukraine or Taiwan. Despite recent huffing and puffing over helping Ukraine, it is looking increasingly likely that Europe cannot help materially (aided by deliberate foot dragging by Germany with Taurus, and by France in general) and America won’t help (Mr Johnson in Congress). The danger, as we all know, is that Ukraine will collapse and China will become emboldened over Taiwan. If that happens, any 15% tariffs that a re-elected Mr Trump might apply could be the least of our worries, even if the risk of Russia simultaneously expanding into Moldova and beyond is discounted.
As the old saying goes, we live in interesting times.
Stuartrm
That's not what I meant. The UK would have zero impact I agree. But an intervention by NATO in the East, and a potential Trump win with his threat of tariffs could cause another global-inflation shock. There has also been speculation that a series of unplanned tax cuts, and more squeezing of the public sector could indeed cause jitters in the UK bond market again.
It is difficult to judge what will happen with Russia and Mr Donald Trump, Mr Americano. With respect to Mr Hunt, I doubt he will be anywhere near as radical (to put it politely) as Mr Kwarteng. Moreover, even if he were foolish enough to try such wild tax cuts, given the market reaction to those of Mr Kwarteng, he is likely to be replaced by Ms Reeves within a few months. Whether or not she would be an improvement is not for me to say. In any event, the UK economy is too small to cause a global inflation shock so any damage that might be caused by a UK chancellor would be of domestic, rather than of international, concern.