AIM IP specialist Tekcapital to sell or float all four portfolio companies 'within 2 years'. Watch the full video here.
Not quite V - there was an RNS the other week saying that some had been sold which brought them below the 5% notifiable threshold, and now they've bought some taking them back over the 5% - I'm not sure what Ballie Gifford do exactly - whether they hold shares on behalf of clients like a nominee maybe.
T - Think it's an investment fund so investing on behalf of clients ( pensions, savings etc. ) so looks like they have done a churn on Ocado and sold on a spike and bought on a shake !!
You're probably right there V.
sold PLUS after all they were 11 up. Not sure whether to sell ocdo and macro like you T, I am dithering
S - if in doubt do nowt.
Typed a quick answer for you to read - well done on Plus. I may well be over-reacting - I just think its Friday, there's a lot going on, there's just been an announcement that one of the british passengers on the cruise ship has died, the virus is now in Wales and there's been two more cases in England and the bottom of the chart on Ocado is showing £9.75. As we know from the past, the graph isn't always right but I thought I saw a bit of a spike earlier so sold on that.
I tried doing nowt with LLOY and missed a lovely opportunity to but in the 48p range, I should have had a limit buy set, aaarhh.
Technical problems are actually forcing me to sell with limits even when I want to sell at "Quote", it gave me a good price on PLUS. I had such a limit set at 1039 to sell OCDO but I must have set it just past the peak because they didn't sell.
So have you bought Lloyds now? Still more shares than you had yesterday.
I think when there's a lot of volatility/volume its always convenient for a broker to sell on a limit order rather than a quote - its funny how its always in their favour rather than yours. Good luck with whatever you decide.
Stopped dithering, did something, Bought back into LLOY, at least I now have more shares, but only about 0.9% more.
More is always better than less.
China PMI's due out overnight which should give an idea of the damage that's been done to the Chinese economy last month which, according to Bloomberg, will then give an idea of the impact globally of this virus. I think I might wait till Monday to buy anything.
Surprising that in these uncertain times, supermarkets, natural resources, oils are all suffering. I guess investors are focussing on supply side problems with supermarkets. Although I notice MRW is now positive. CEY down 7% FRES down 10%. You did a very wise reversal there T.
Noticed you contributing to the EZJ board earlier.
It's funny how actually selling some shares for more than one paid seems to outweigh 15 other shares all down between 3 and 7%! It's the thought of actual filthy lucre I guess.
Think I may well try to step back a bit next week and try to enjoy my holiday. Trouble is, trading is habit forming.
Yes I was evil at that poster on Easyjet - I reported his posts yesterday because I felt he was unnecessarily scaremongering in that he was claiming Easyjet were the next Thomas Cook - there's no reason to think that at the moment, and anyone inexperienced reading those posts may have been panicked into making a decision that they would not ordinarily have done - probably short and trying to get the price even lower - thats what I really hate about these boards.
I just think its the general fear/panic about the unknown thats affecting the market - Mohammed El Arian who contributes on Bloomberg quite regularly (co founder I think of Pimco years ago) put on a scale of 1-10 a comparison to the financial crisis and quoted a figure of 8.5 so he's obviously viewing it as a serious issue - I'm just surprised the market didn't react a lot sooner but apparently its being said that because it seemed that China was containing the virus, nobody else would be impacted but as soon as it started showing itself in other countries the panic has now set in.
I thought buying a gold miner, especially considering how badly beaten down they have been, was a sensible move considering the issues. It was only after I bought FRES did I find out that during the financial crisis they were as badly hit so I think I made the right choice in selling - people will always need to buy food - I think todays drop on Ocado is a combination of the broker rating coming out and the director sell - Morrisons is up because the same broker has them as a buy!
When you said about selling Plus earlier because they were 11 up, I presumed you meant 11p not 11% so you must be really pleased with that. It can be addictive trading, but I think there's going to be a lot of volatility for a while now, it may be better for you to have your holiday and come back all refreshed the week after - the markets aren't going anywhere.
Just sol OCDO at ,1043.
Yes, plus was up ,,11%. Thought something was up yesterday when they went ex Divi but didn't loose on the share price. Turned out to be a good trading statement of income expect to be above expectations for last quarter.
Hope you guys negotiated through the week safely. World gone mad. I think they were waiting for any excuse other than the market being overpriced and the economy slowing down, so Corona fits the bill perfectly> I don't understand the logic in the possibility of schools closing and people being told to stay away from work for possibly months rather than accepting that for most people recover pretty quickly in a matter of days, but sadly a few will die as they do every year from viral flu and one day no doubt it will get me. It just seems they are hell bent on making an unavoidable situation into a catastrophe. Or is it me thats mad?
Well we both missed a nice little run up - hindsight is a wonderful thing and I know I could have bought back in earlier at £10.20 but didn't feel comfortable in doing so with the way things are at the moment - Monday is always another day - if the same thing happens Monday morning as today then I'll be a bit happier about my decision earlier.
Hi O - I think you had the right idea last week selling out and observing - wish I'd done the same in some respects but then what would I do with my day.
I agree with you about the US market, but I think the UK market seems to have been punished quite a bit already with all the Brexit uncertainty - I'm not sure if there are that many companies that have actually increased in share price over the last year or so - airlines had risen after the election, and look at where they are today, so we seem to be being hit with a double whammy.
As I said earlier though, I don't think its a market where you can hold positions overnight - before you know it you can be 10% down which isn't funny so whilst its great to see volume/volatility back, you do need to be mindful of things and be nimble. I do think the news channels are over cooking the virus though and building up fear.
O: Yes I wish I had had the courage to sell as you did. It's FOMO (fear of missing out) I suppose. Thing is I think the opposite is FOWO (fear of being wiped out). This week has definately been a mixed bag for me, I was very lucky with a couple of shares but unlucky with the rest compounded by a certain amount of panic when I traded, not up to my usual (mediocre) standard. My excuse was that I was out today and having to use my mobile phone, not ideal for me.
Nice to see the FTSE make a recovery.
Looking back at the OCDO chart (with Stochastic and W%R displayed) If I had had access to this "full" chart, I doubt I would have sold OCDO early at 1043. I think I would have held until at least 1050, if I had sold at all. Interestingly, the full chart for PLUS would have induced me to sell when I did, even though another approx 1% was available later.
With LLOY I really did mess it up, approx 2.5% gain in shares was on offer but I managed to only gain 0.9%. Luckily again, they managed a bit of a late rally so I have ended up in a reasonable position. i.e. long with shares costing below current price.
I don't deserve any sympathy for being caught with my trousers down with shares in NMC when they were suspended. I did make some profit last week and this before they were suspended.
Reminds me of the old maxim, "Beware, shares can go down as well as fall through the floor".
Hope some others out there had a resonable week.
FOMO is what happened to me before the election. I was convinced the election would yet again fail to resolve anything so I sold some really good stock which had done well for me but accelerated more with the emphatic Brexit victory into the new year. That has been shorn lived and now most have retreated to below my sell prices. Not rushing back in yet but obviously eager to not miss the boat. I think volatility is set to continue for a while now although not wishing outright capitulation on anyone we need to get a grip and take Corona for whatever turns out to be. Hopefully another unpleasant but not exceptional virus. It should be that the economy has a dip because of the law of economics not irrational fear of something supernatural. A good percentage of the FT100 has grown little for 20 years but supplies pension funds with reasonable income and safety till something like this happens. The real capital engine drivers are coming from 250 and 350, There are a few companies that doubled and tripled last year. I had sizeable holdings in AVST, IWG CDM, GYM last year and a few others some of the bigger AIM stock have done well too. Has required a lot of homework, and some help from guys like The naked trader who has unearthed some very interesting plays from all sectors. Have to be careful not to get a spike from his recommendations as he does seminars. Genuinely good stock picker though if a little self obsessed with his own cleverness. Any keeping my eye in and if I miss a few bargains I'll know its time to get stuck back in sooner than later I hope.
O: Yes a lot of pensions, and general investments, depend greatly on dividends. As we know several of the main big dividend payers have slashed there dividend in the last year or so. I must look up what the average dividend percentage is and how it has been changing.
The only stock I am familiar with from the four you mention is IWG. That has been very good to me. I probably came to it in part because it attracts no stamp duty. It always seemed to be on the verge of being taken over. I have been reading a bit about WeWork(?) which is a much bigger company but in the same general business. The financials seemed a bit iffy to me, somewhat overblown and greatly affected by investment from SoftBank, another company I can't get my head round.
I will look into the Naked Trader though, thanks.