Member Info for Alas_Smith

Although Iron Ore is the backbone of revenues, don't forget that every so often the diamond sales happen. The most recent is for red diamonds from the closed Argyle mine. These are very rare stones and it is an invited audience that attend the auction. Any bid is sealed and thus is closed. While many investors include fine gemstones in an alternative portfolio these diamonds are very fine and rare and tend to command prices way beyond my purse, each lot tends to be priced in millions.

Diamonds might prove to be useful in theshort term as sanctions on Russian foreign currency is further tightened to reduce the qty available to gem setters.

With Microsoft and Nvidia (my 2 largest holdings in portfolio) hitting all time highs today, I wonder if there will be a little more interest in ATT in the coming weeks to advance the sp for all investors

Encouraging to note todays RNS for Begbies Traynor which fleshes out the impact that interest rates have for business insolvency. The share price in BEG fell but it rose for RFX. Possibly because one if corporate facing but the other consumer.

Both SHOULD be thriving in these difficult days. After all, business failures are up (at my last research point in the summer) by 13% and there has been another couple of interest rate rises since that time. Shares have been slow to rise in both companies.

Whether you sell or not is not really for us to comment on; if you have lost faith in the managers, then sell is possibly the right decision; conversely, if the SP has outperformed its peers (and bear in mind that last year was an atrocious one for investors), then a rising share price should provide some confidence to buy more.

For myself, my holding was purchased a decade or more ago and I see no reason to alter my holding relative to its relevance in my portfolio to me.

FWIW, I am always nervous with sharp rises in share prices unless accompanied with news. My preference is for sustained rise over a 6 month period and re-balancing holding as circumstances permit. I also tend to make public comment on holdings that give cause to worry.

I believe that the worst is now behind us - the added benefit is less drivel from me.

Todays news of acquisition seems an excellent fit

The level for notifiable short positions is 0.5% in the site shorttracker.co.uk

There are no substantial short positions in place since September. Yesterday saw a very decent rise for many equities on the rumour of falling interest rates next year. Safety in gilts/bonds/treasuries but capital growth from equities. Consumer discretionary spending is alive despite the cost of living crisis reports that sells newspapers

And they read well to me.

Never wrong to bank a profit.

Reads well to me

Reads well to me.

I've added a few more today - couldn't resist.

I have bought a few shares today for younger son.

I have added a few more shares today - I like to buy on statue days.

TOP 5 for me are:

TEM.L

III.L

RIO.L

LGEN.L

MRC.L

BA.L comes in below RKT.L, GSEO, PEY.L, SIE.XE and ROG.S

My portfolio has not been constructed for income. It has been constructed for capital growth and any income thrown off is a bonus and more often than not from holdings owned for decades.

Https://www.londonstockexchange.com/news-article/GROW/half-year-trading-update-and-notice-of-results/16204241

Reassuring narrative….. buyers market…….core fine….realised cash exceeds investment….. The RNS works for me.

Don’t forget that the run up to end July was very good for investors, but Aug, Sept and Oct were dreadful and most of the previous 7 months gains evaporated.

We know that GROW has had an extremely volatile year and this could skew the narrative explanation of portfolio. I have no problem with a lot of bad news released in one go, but a gradual trickle of bad news smacks to me of concealment.

I am expecting poor results with measured explanation. Forward statements are much more valuable than navel gazing and dwelling on the past. As ever, my optimism remains confident of my invested stake out performing average growth.

RNS confirms Action performing strongly

I have added a few more today for elder son