Member Info for Alas_Smith

steph, sadly it does not matter what the PI believes to be an anomoly in valuation as markets can remain irrational for extended periods. In an ideal world, when the 2 valuations are identical, then the only elements that have bearing for discrepancy are the competence of the managers and the mood of the broad market.

Although 2023 started off well, fear is driving the markets. As a long term investor, if I can take advantage of extreme fear to accumulate more shares or improve the holdings in my portfolio I do take advantage of such fear. I am holding sufficient cash at the moment to fill one ISA on 6 April but not quite enough to fill that for my wife.

The outlook for the market (as far as I am conerned) is neither sufficiently terrible to sell winners and bank profits nor attractive enough to want to hold more cash in advance of further decline.

Mr Market doesn’t like the numbers which, as narrative concedes headwinds for another 6 months has taken the mkt cap to a valuation apropriate for shareholders. I’m holding at a loss acept that the market might take this lower but see no advantage (for me) to buy or dispose of holding.

There is not a lot of good news in UK, EU or US to recover paper loss. I am not a fan of adding to losers

https://citywire.com/investment-trust-insider/news/expert-view-fevertree-savills-bytes-tech-spirent-ten-entertainment/a2412536?re=107170&ea=1221491

A little research from Citywire in case not seen yet

steph, rationality plays a very minor part in the day to day shenanigans that determine the valuation of this or any other instrument traded on public exchanges. LONG term is a very different kettle of fish.

And, although the holding that I have is in a SIPP account and, frankly inconsequential, this account is ONLY for the purpose of IHT planning. Thus I will continue to add, as circumstances permit so that at some point in the next 40 years, beneficiaries of my estate may perhaps benefit. Should I last the next 40 years, I will be aged comfortably over 100, probably a dribbling wreck with a brain of mush. Critics may feel this to be an improvement to my present cognition.

Well, here we are at or close to the end of the 1st qtr of 2023 and there has been turbulence in the market. Let's not forget where the portfolio for MTU is focussed - UK and smaller companies.

Must admit that I took a few shares off the table in February before I went skiing, but my core holding remains intact (and under water). Right now, my strategy is to sweat things out - dividends continue to roll in so I can fund either mine or my wifes ISA fully on 6 April when the new tax year starts.

My hunch is that the worst is actually over (in terms of inflation) for the worlds largest economy but it might just tip into a recession albeit a technical one to curb inflation rather than some other deeper cause such as trade barriers/isolationism that stifles the international movement of goods/services/people. The businesses that become the first casualties are small ones as they tend not to have the fat to draw against in difficult times.

The questions I always ask myself whenever I review my portfolio (quarterly) include, does my portfolio have sufficient exposure to cope with a prolonged downturn and if sentiment changes from needing to be defensive to provoke the comment, is there sufficient exposure to achieve capital growth (which is the primary goal for my portfolio based on a HIGH risk strategy)?

So right now, I am disinclined to add to my holding in MTU, despite the allure of investment trusts, but I am also averse to selling since my stake is held in ISA wrapper and I will not have the benefit to carry a tax loss forward for CGT purpose.

ShearClass, the SETS system works in tandem with MM's. Those with direct access to SETS can and do enter orders on the buy and sell side at a price that they are willing to execute, the best price at the top of each side of the book. There is a priority based on time of placing and when matched these are executed using these simple priorities. These are presented in feeds as A trades.

Illiquid companies have input from Market Makers and where an investor or their broker does not have direct access, the SEAQ system is used for bargains to be made. Off book deals are denoted as O and are made directly between a market maker and an investor. You will note that both A and O trades are reported for this equity. I hope this helps.

It really does not matter what you or I or any private investor thinks of the figures or the comparisons. Market makers are there to make a market in the shares and will price them to best advantage.

Probably the most important thing to note is that the amateur and professional have updated and the same information at the same time.

Right now OWLS, nothing. I may add to my holding in CME as that is reliant on volatility. Volatility might be here for a few more weeks, but strategically India is attractive for capital growth. Although preference is for direct investment, a pooled holding such as IGC and JII are more attractive. No point in incurring needless dealing costs for the sake of a couple of weeks wait, but April marks the point to allow shelter of assets in efficient ISA wrapper. My preference to be fully invested needs to be tempered with the folly of catching a falling knife.

OWLS, it was just my holding in this equity that was sold.

FWIW, I've been around for many years slowly building my portfolio. I started in the late 1970's have seen interest rates at 18%, foreclosures, companies go bust, many changes of Government and volatility in markets. Most of the time markets rise but from time to time there are corrections. These can be sharp or severe. Share price movement WITH news should always receive attention.

The results on the face of things are not too bad and China is once again opening up for business, even tourism BUT there is geopolitical tension between US and China and UK and China. I bunged proceeds at companies focussed on India but have still a small holding in PRU.

Luck plays a role for investors and my decision to cash in most of the holding was well timed - complete luck. I think that the rest of this week will see more turbulence around the world and, seasoned investors tend to simply hunker down, wait for the storm to pass but begin to take advantage of somewhat artificial prices for companies where the underlying business is sound and well managed.

March is often a month that sees profits locked in from the best months of October through to January around the world. For UK investors, there is the change of tax year and potential to move holdings into tax efficient wrappers. I am keeping my powder dry in expectation of further market fall for investment in April and to take full advantage of the ISA rules for self and wife.

I am not qualified to give investment advice, Throneofgames, but anyone can use logic to determine the best potential forecast given the information available. After that, it comes down to research and luck. Ballast is needed in a portfolio to temper the more speculative investments.

I took some shares off table for elder sons ISA a week ago. The dividend was fully priced in and as his instructions are for VERY HIGH growth, can reinvest if, as has happened, from a small fall in the mkt cap that exceeds the value of the dividend had no bargain been executed

Read well to me, but Mr Market seems dismayed.

Mark down seems harsh

I have not read the article, nor do I intend so to do. That the share price has been on a steadily rising trend for the last 10 years, that defence for NATO is in the spotlight, that weapons always need to be upgraded has been ignored. Sure, had a good run, but does not mean that time to sell IMO

I note that Revolut has reported a profit despite being late with its accounts.

I would have thought it pretty usual for companies to have trade indemnity and credit insurance in place.

https://citywire.com/investment-trust-insider/news/don-t-miss-india-s-growth-has-only-just-begun/a2410112

2023 is shaping up to be a bonus for pigeons whereas 2022 was as a statue

Bit of a caning for shareholders. I am inclined to take the hit on the chin today and sell.

Although Japan has a well developed economy, growth for a couple of decades has been pretty anaemic, hasn’t it?

Look decent to me and reads well.