The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I get the feeling that there is something bubbling under the surface and that we may be due news on an order through i-Abra in the not too distant future. It has been almost a month since TTG announced that registration has been approved albeit subject to iAbra being able to convert enquiries into orders.
But, there has not been a marked change in volume so this is simply my opinion and not based on verifiable facts. Government comment suggests that it might be possible for holidays to begin in the summer which was more recently followed up with a dampener in that the full reopening of airways is not really expected to happen before the long stop decision in a review in October - presumably that is a decision to be made as to when matters will again be reviewed.
Additionally, it is suggested by one of the scientists that developed the AZN vaccine that a 3rd dose might be necessary. This gives more credence to rapid test results becoming more necessary and likely in the prevention of international resurgence of cases.
4 say buy, 1 says hold, 0 say sell.
I'll go along with that...
https://www.stockopedia.com/articles/this-is-what-analysts-think-about-the-tt-electronics-share-price-211204/
Same place as as adfvn by the look of it. Have to take a lot of their info with a pinch of salt. It isn't any better paying for it. Stockopedia has 15.5 for PE. Sounds about right. With Iabra's Virolens its very cheap, without its still pretty cheap especially if their own business has continued with the recovery it was showing in January.
Oops! That should have been, Have no idea where LSE gets its PE ratio of 292.5 from?
Have no idea where LSE has got its PE ratio of 295.5
Also given the go ahead in Scotland. This is a poor article but it does intimate orders pending. So not just international. I expect we will get further news of take up soon...
“The distribution company is set to launch the product with immediate effect and is hoping for a further rollout in the coming months - with the hope the tests could be used for airports, sports venues and businesses.
Scotland currently tests for coronavirus through PCR and lateral flow tests - which can take from hours to a few days to return a result.”
https://www.edinburghlive.co.uk/news/edinburgh-news/new-covid-test-gives-result-20286483
Trek
This is from end of March apologies if posted before. It looks the ‘The Brewery’ has moved on from a trial site to a test centre. I wonder if something similar gets set up for travel.
‘ICTL is set to open its doors for safe and fast COVID-19 screening in the City of London. Through ICTL, businesses can now arrange for their employees to be efficiently and safely screened for COVID-19 at the Brewery events space.
On arrival, people will be tested using the MHRA registered Virolens machine, which employs microscopic holographic imaging and artificial intelligence to detect the presence of the COVID-19 virus. It delivers a result within 20 seconds.
ICTL’s immediate launch has been made possible by already having a pool of trained staff and a proven operating model, derived from hosting trials of the Virolens machine. The ICTL website is now open for bookings and business enquiries.
ICTL marketing director, Simon Lockwood, said: “Instant Covid Tests London is using Government-registered Virolens technology to allow many of London’s workers to safely return to their offices and workplaces. The technology is the first of its kind and a breakthrough in the battle against COVID-19.
“We’re proud to have used the Brewery events space to set up ICTL’s first test centre, which now offers our neighbouring workplaces a fast-track return to normality.
“We welcome enquiries from local businesses and individuals seeking immediate and highly-accurate COVID-19 test results delivered by trained and experienced diagnostics support staff.”
iAbra founder, Greg Compton, added: “The Virolens technology is ground-breaking in its approach to screening for the virus. Whereas most COVID-19 testing technologies are based on chemistry, Virolens is based on physics.
“It successfully utilises artificial intelligence to image and identify the presence of a virus at a microscopic level in just seconds, without the need for a laboratory. This is a major step forward in the fight against COVID-19."
https://www.med-technews.com/news/Covid-19-Medtech-News/city-of-london-20-second-covid-19-screening-tests-to-launch/
Trek
TrekMadone, thank you for your generous contribution. You confuse investing with trading. A simple choice befalls those that can distinguish between traders and investors. I cannot pretend for a moment to have ever used level 2 at any point in the last 42 years for any purchase or sale of any equity. I have though used the basic tools, originally with graph paper and newspapers though more recently with the myriad information available since 1990 when I bought my first computer and later that year had primitive internet access.
The skillset needed to be a trader are highly focussed, perhaps considered as gamblers. I expect a trader to know everything in minutiae for perhaps 4 or 5 equities. For the returns that I expect from my portfolio where my goal is simply to beat the market, I do not need such depth of information.
And the distinction is drawn from the capital that is prepared to be exposed to the equity. Between my ISA and that for my wife, there are some 70 holdings. The last of our joint capital was sheltered in this years allowance. Including the disposal from jointly held asset to one or other ISA, a total of 22 bargains were executed last year. There have been 6 this year, all in the last 3 weeks.
With my average bargain a little over £xx,000, commission, spread, exchange rates and stamp duty (where levied) although noticed are very different from the type of instrument that the trader will use.
Since reliance is made through the design of an algorithim the trading process (buying and selling) to eventually achieve a goal, that same £xx,000 needs to be split into hundreds of tiny orders several times each day, perhaps even each hour for a trader to achieve their goal. Traders tend to claim that they always make profitable decision seemingly long and short at the best time and, I just don’t believe that to be true.
I have made no bones that I have owned shares in companies that failed.... Marconi, Cenes, Claims Direct, Graphene Nanochem, Torotrak, Albert Fisher etc. I have also bought shares at the wrong time such as Velocys, Image Scan, Tungsten.
What you do not know is that I have had to fully cash in my portfolio in 1985, restart it in 1987 only to cash it all in in 1992 and restart in 1998. The first time was when my business went bust, the second to prevent foreclosure with interest rates at 16% for mortgages.
As this will be inexorably dull for those others suffering my drivel, I suggest you and I filter each other as it compares apples with bananas, one being a fruit, the other a herb. Oh, and my handle is Alas_Jones. For 19 years until bullied off ADVFN, I used the handle Erogenous Jones. Prior to that, I haunted Interactive Investor site as The Troglodyte.
Alan,
Go rethink your strategy.
This is absolute bllx...
‘The first is never to place any bargain in the first or last half hour of market hours. MM’s are setting out their stall and trying to find the price to buy and sell at the beginning of the day so that they have consistent pressure and in the last half hour as they close their books and prepare for a new day.’
Go and read the guidelines on the London Stock Exchange site. Get to grips with the basics of Mifid 2 and understand how level 2 works.
The first half hour can be the most lucrative.
Here’s an example from today. PUR closed up 12.9% on TSX yesterday and yet opened up 0.5% on LSE today. That’s even after CAD/GBP exchange rate. PUR went on to close up 13.5% today! It’s main listing is TSX. Sleepy MM easy money!
Or look at how many RNS spikes you can sell into on good news or on bad news even send NT and beat the rush to dump!
Gosh the list is endless! IMVHO you believe what ‘they’ want you to believe. Go field trial!
Trek
I don't even own this share, but am an alas fan since he left the saga bb on some point of principal...soaking up his wisdom is the highlight of my investing adventure...
Always interested in hearing the wisdom of others.
I don't think anyone would be interested in my stupidity. ??
Having said that, I have done pretty well in the last year turning a 25% loss into (currently) 13% profit but having made the loss in the first place I know things can go wrong very quickly.
No it's interesting, feel free to ramble... Not much else going on here, well not at least untill we get some huge Virolens orders!
One of the benefits of preparing a portfolio for retirement is using all the knowledge accumulated while building it in the first place. Since I hope to be able to retire in the next 4 years am INCREASING my risk so that I use the 3% rule to draw against capital. There are a few lessons that I have learned and that have served me well.
The first is never to place any bargain in the first or last half hour of market hours. MM’s are setting out their stall and trying to find the price to buy and sell at the beginning of the day so that they have consistent pressure and in the last half hour as they close their books and prepare for a new day.
If anyone is interested in the ramblings of an old bloke, I will oblige, but, strictly speaking it is off topic.
Perhaps for those that have only recently purchased shares in TTG, who are concerned about un-explained SP movements, or rather movements in share prices that appear to be un-connected to news or to published trades, much happens behind the scenes that some claim is market manipulation.
Sometimes - usually to fill an order, market makers (MM) will adjust the price based on needing to either shift stock that they have been obliged to buy or to obtain stock that they are required to deliver on settlement date. Punters like a bargain and are often tempted to buy if the SP is gradually marked down to reach a point where they are comfy to buy more, though prefer to buy shares when the price is rising.
Sharp, usually short-lived SP movements up or down, reflect orders placed on the book to deal at a certain price with the SP marked down to trigger a selling spree (to satisfy an order) or up for opposite reason. Substantial movements of 15-30% are usually connected with news sometimes preceded by rumour and followed up with news including the sort of "we know no reason for the rise/fall in the SP" news.
The substantial movements are the worrying ones as intraday ones are usually pretty inconsequential and more often than not reflect liquidity. I hope this helps.
Eventually the truth outs. The media are just great at sensationalist extremes to suit their headlines, rather than reporting a more balanced view on the facts. Virolens may have been a bit naive. Unfortunately they have no control of being misquoted. Of course they have influence with what they publish, history is littered with bad press unfairly tarnishing reputations.
I am certain that pressure from airlines will have greater effect than a few words in a niche, albeit important, newspaper.
[Today 07:34] (Alliance News) - Travellers arriving at Heathrow are being forced to queue for up to six hours due to coronavirus checks at the border, an airport executive said. Chief Solutions Officer Chris Garton told members of Parliament that "the situation is becoming untenable" and the police have been forced to step in.
6 months ago the Director of Heathrow begged the government to fast track Virolens. Then a journalist from the FT with another agenda decided to trash this British invention instead of congratulating them for a great achievement in a short space of time. A twenty second test now with its own phone app passport! Way ahead of the game
If they sold 50,000 machines with a years supply of capsules (250,000) with each one at £1 profit per capsule is 25 billion profit on the back of my fag packet , thats enough for me
Did you calculate how long it would take one nurse to vaccinate the population of the UK as well?
A rough calculation for the time taken to process 1 million tests. 1 machine running 12 hours 365 days a year, at 1 test per min - it would take nearly 4 years. 1 test per minute would probably be going some. More likely 5 to 8+ years to use 1 million tests.
Just something to think about when looking at your numbers.
Hsbc just cost me 231 shares , sold 20k worth in a flash and struggled buying them back and what sent the price up , this is like a coiled spring , any serious new investment her will rocket the sp imo.
Disappointing, however surely a good sign not many shares out there for sale
Wonder if we get a little uplift leading upto ex divi date , 4.7p not to be sniffed at, surely an rns due soon with some massive orders for virolens machine and capsules!
Confirmation of major orders this week imo Fill your boots fill your isas
Whilst I remain convinced TTG is a good company I feel that its prospects are not going to be due to Virolens. I took profits and got into other options, one of which CWR has already paid off and looks good for the future.
I feel that the competition to provide virus testing is simply too great to speculate on. The market rarely fails to spot opportunities IME.
I suspect A wise decision On your b&i and one that I will be doing on Monday as long as the spread is like todays , hsbc had 2000 applicants for stocks isa on the 6th which they were working thru today, was assured it would be ready late on today . I would imagine there is still a chunk of new money to be put in the markets over the next week or so , not just b+i .will be filling the wifes up with new Monday too . And it will be on Ttg as Its the safest stock around with chance of multi bag imo