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Its been a bit grim out there with more profit warnings, Kingfisher today (hat trick) and TU by JD Sports this week Thurs.
Trackers will continue to influence price movements here until there is real traction (or corporate news) within the wider market, my suggestion would be to watch iShares Core, these guys are at 12.46% for consumer discretionary, when they move so will everyone else, that's my pitch anyway.
Posted similar sentiment on S4 ahead of this weeks update.
Expecting a cautious statement at least for now, all we have are indications of macro trends heading in the right direction.
Also expecting macros to overshoot to the downside, often happens both ends of the spectrum, who knows may even see negative rates at some point again.
This has nothing to do with the share price which may react ahead of such macro changes.
Agree Canary, came across as impartial with plenty of background accrued over time, very important imo.
'The two people being interviewed were IMO completely clued up and unemotional and I thought excellent in the delivery'
Cheers Yorek.
Nice recovery on FTSE
See the best shots from Day 2 in Melbourne, ahead of the 2024 Australian Grand Prix.
https://www.williamsf1.com/posts/d7686d86-01c0-4efd-a09e-0b69fecedaf3/in-photos-saturday-at-albert-park
Longfell, a very basic summary; SFOR and THG both currently have Standard listings as opposed to Premium, this in itself effectively rules out most UK funds from buying, the good news is both these indexes are due to merge sometime early H2.
Thread below has more detail and links to various commentary/updates, cheers
https://www.lse.co.uk/ShareChat.html?ShareTicker=THG&share=Thg-Plc&thread=BDA283EE-B55A-4F16-9F98-865DF051634D
Reading up on their fund performance, have done very well - this is what they had to say last quarter:
"However, the other side of the ledger, where the poor performers reside, was dominated by our investment in S4 Capital, a digital advertising and media company.
Our investment in S4 began in 2022 as a contrarian opportunity in a company with several self-inflicted, but resolvable, wounds. It has since evolved into an investment in a company facing the first significant digital advertising downturn since the company’s founding in 2018.
The company, which remains in the process of restoring the fullness of its reputation with investors, while now simultaneously facing industry headwinds, has reached valuations we view as confusingly low. We do not view the company to be permanently impaired and, frankly speaking, the severity of cyclical headwinds facing the digital advertising industry today are actually quite mild, in comparison to many other cyclical industries in which we have experience.
We are also generally pleased with management’s seriousness of purpose in remedying previous operational shortcomings.
Our reaction has been to continue to add to our holdings of S4. We would also note that, as contrarian value investors, we are accustomed to investing in companies, industries, and countries with dark clouds hovering above them at the time of investment, only to see those clouds darken further before finally dissipating. In fact, that pattern describes a number of our most successful long-term investments.
We remain optimistic that S4 may one day be described in such a way."
https://www.thirdave.com/strategy-tavfx
One of two funds building positions:
TAVFX - THIRD AVENUE VALUE FUND Institutional Class reports 31.33% increase in ownership of SFOR / S4 Capital plc
https://fintel.io/so/gb/sfor/third-avenue-trust
We know hedge funds like Qube are heavily long US stocks like Ulta, perhaps short UK stocks as a hedge - that would make sense but their timing in/out of positions has been awful.
Question now is will that change..?
NASDAQ shorts at 12 month or more lows, HK short positions dropping nicely first big drop of 20% seen for a while.
Interest rate cuts 'ARE on the way': Bank of England chief talks up hopes of relief for mortgage-payers as early as May hailing 'good news' on inflation - after holding borrowing costs at 5.25%
https://www.dailymail.co.uk/news/article-13223983/Interest-rate-cuts-Bank-England-mortgages-Bailey-costs.html
Good news if you have a global fulfilment centre nearby..
...wait a minute..
https://www.cityam.com/manchester-airport-could-add-16-3bn-per-year-to-uk-economy-by-2050-report-shows/
We now have interest rates cuts on both sides of the pond, HCM had a small spike on Fed news.
https://www.cnbc.com/2024/03/19/stock-market-today-live-updates.html
My own view; this will do more for HCM than any other factor thus far.
S&P 500 breaks above 5,200 for the first time after Fed keeps rate cut outlook
https://www.cnbc.com/2024/03/19/stock-market-today-live-updates.html
There's a fair bit of recovery underway across the pond, FMC has just received an upgrade which is helping
https://www.cnbc.com/quotes/FMC
Novozymes (now novonesis)is doing very well, way past 12 month high
https://www.cnbc.com/quotes/NVZMY
Fed rate decision today, hopefully some good news there too.
Crafty, there's a number of changes being introduced this year around data collection, most notably the phasing out of third party cookies, perhaps companies are taking similar pre-action in this regard.
The wording has been updated quite recently;
'Custom Cart is a term used to refer to any merchant who has a custom implementation of their online store, as opposed to using the standard offering of a platform such as Shopify. Nike.com is an example of a website that would be classified as a Custom Cart.'
https://storeleads.app/reports/custom
Okay, it seems as though analytical sites are now categorising all sites without off the shelf 'shops' such as Shopify as ' Custom Cart' this would explain why Homebase is classed as such while using Ingenuity.
The change must have been global as it s affects even the US majors like eBay, now showing as 'Custom Cart' in fact most sites are this way.
https://www.aftership.com/store-list/top-100-ecommerces-stores