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I currently have a fund : Baillie Gifford which has sunk 46% in 6 weeks and when challenged all you getis well it is 5-10 year approach which is total BS surely they use such simple measures as stop losses going short on a particular share or sector or even whole index. In the KID they have a high active index of 91% which indicates they actively mange the portfolio, in any other industry they would be sacked for complete incompetence!
Easier said than done!!
This Nas correction is relentless, these Fed bigwigs need to stop talking and do something.
Where is the b----y bottom? "managing" it.
Thought I had got in fairly cheap at 280 just keeps falling in line with the Nasdaq.
Wish they would just get on with it , raise rates and then everyone knows where they are.
Holdings - 31/08/2021
1 Shopify 6.9%
2 Moderna 5.9%
3 Amazon.com 4.3%
4 Tesla Inc 3.7%
5 The Trade Desk 3.7%
6 Wayfair 3.5%
7 Twilio 3.0%
8 Stripe 2.8%
9 Roku 2.7%
10 Affirm 2.7%
Holdings - 31/08/2021
1 Shopify 6.9%
2 Moderna 5.9%
3 Amazon.com 4.3%
4 Tesla Inc 3.7%
5 The Trade Desk 3.7%
6 Wayfair 3.5%
7 Twilio 3.0%
8 Stripe 2.8%
9 Roku 2.7%
10 Affirm 2.7%
The tech sell off mirrors this share - brilliant buy in opportunity right now.
Boing, boing!!!
Boiiiiiiiing!!
Futures are all down for tech. I think between 0.8% and 1.2%
Anyone any insight to continued drop without us markets even open yet?
Very good point, what is your view going forward on performance?
Strange how a random share goes up 2% and 100 people make comments (LLOY anybody)and this IT goes up 100% in 6 months and nobody notices!
NO!
i would liek to attend a agm, if you lsiten to the directors, in soem of their trusts eg james anderson, his wisdom is outstanding. toattlay makes folls of other fund managers that "herd" or play safe and have no skin in the game or own outdated industries and think 3 months ahaead and not 5 to 10 years ahead. look at the biggest japanese fund softbank it wants to be in 3 centuries.
yes i see this going up say 5 % then down 1% then repeat , repeat, that makes it impossbile to trade due to spreads, but as soon as it goes down 1%, someone will buy big back in. imo. the only thing ALL investors have to watch is interest rates, doesnt mater if you own megacaps or nanocaps, or future unicorns,if interest rates ever reach say 6%, then equities will look better risk/reward. but its ok for now. id rather make more money in stocks, than i would have with bit higher rate than today in the bank.. noone got rich via bank savings over the longterm. maybe short term , but not longterm.
I pretty much agree with you but would never miss what I see as an opportunity to make a profit. I look forward to the next year and then beyond.
i think you wont see rapid rises or declines with this, it isnt a nanocap oil minnow. goodluck calling the highs and lows as from my experience as soon as it drops, and you sell, some fund manager sees that as an opportunity and buys in. i feel woodford management has never held the elite status as baillie gifford ahs.
I was really only comparing the initial rises between the two issues. I bought in at issue the WPCT and sold out at 20% gain as there was nothing in my opinion to keep the price where it was in such short order. I have also bought in at IPO on this one and more than doubled my initial holding since 100 and 103 but again looked at the rise and the similarly additional equity issued for demand as Woodford did. I'd like to hold this for 5- 10 years,but am watching for any sudden declines. I'd rather sell and bank then buy back in than hold and look at a loss for a few years. There were two things that made me watch this closer than I normally would. This was the first IPO I managed to ever get full allocation and would the name Baillie Gifford lure investor as the name Woodford did. I never bought the WPCT IPO on Woodfords past glories as he rode the best period (at Perpetual then Inv Perp) like many others of the stock market. As much as I would like to add more I will wait. I think Woodford has also been a little unlucky and is paying the price for long term or as he puts it patient.
plus if your comment was simply about woodfrod equity incomes rise a 3 years back, well he bought into dinosaurs imo, uk dinosaurs, big stalwart stocks that he thought were never going to drop, unfortunately, big dull uk pharam and tobacco stocks arent the future. and investors onwed these for the dividends feg pensioners, these pensioners dont realise a high div means the stock is paying out a lot of earnmings and if sales fall, then the share price falls also, it is total return that counts and therse penioners didnt realise that. sadly this isnt 1980 and tobacco isnt is popular, and big dull uk pharmas patents run out. woould wodford ever though of buying google, amazon, spotify, a few years ago, i dont think so. if so his fund would have been worth more than it is today. time for woodford to retire imo.
woodford targetted tiny biotech as he thought the next amazon, google was a biotech start up, baillie gifford doesnt, it is imo looking at stocks like spotify, grubhub, like it did it the scottish mortgage investment trust.not simply tiny poorly funded illiquid oxford ring road biotech like woodford did. in SMT trust they own grail and that is a billion $ cancer stock specialist.not a tiny nanocap. baillie gifford arent looking for 100 baggers, thats jsut nearly impossible, they are looking for 5 to 10 baggers plus, stocks that can go from �500 mill to �2.5 billion plus. own a lot of them and your portfolio can blow away any tracker fund or pump n dump aim listed stocks imo.
this stock, trust, is in a different league to woodford, baillie gifford will invest in both listed and unlisted in a closed ended trust, which means it is still very liquid as it holds top quality big stocks also. if someone wants to sell up, and as its a trust, it has a daily price eg a NAV, which means it doesnt have to sell up shares in its holdings, as its the value of the trust that varies.not the need to sell individual shares which happens in funds, woddford didnt, his where all tiny nanocap illiquid companies, mostly biotech, so if investors sold he had problems releasing equity, causing share price plunge. this trust has stated it is targeting companies worth around �500 mill in its unlisted, not two men in a lab in their Oxford ringroad in a �20 mill start up. baillie gifford has a team of over 100 that can travel to the states and interview, examine these unlisted, but they are not tiny nanocap stocks. woodfords start ups were tiny all near his office, how much does he know about heathcare?, can he travel to the states, does he have a team of 100 professionals, qualified to examine such unlisted companies? woodford is a dividend king, eg tobacco stocks.his venture into dozens of tinyhighly illiquid nanocap drug stocks only, was his downfall, especially placing them in an illiquid fund, not a trust. woodford stick to owning tobacco stocks, thats what your good at. imo.
I wonder if the rise is another Woodford type one where the SP hit 20% plus to IPO then crashed back to earth in spectacular fashion.
directors will buy between �10 and �20 mill of their own money in trust. time to move away from certain areas, namely most chatted stocks
www.ftadviser.com/investments/2018/03/13/why-investment-trusts-are-riding-high/ why trusts should be more popular