Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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.
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
Yesterday, the Fed in pausing a rise accompanied the decision with calming words that are easing investor worries. The Bank of England followed suit to allow the heavy lifting that the rises seek to achieve have a little more time to do their stuff. And while it does translate to the consumer having any less of a difficult time with their own cost of living problems, it is possible that perhaps interest rates have topped off though are likely to stay at these levels for a few months.
This is sufficient for a slight movement in favour of equities hence the decent rise in share prices in Europe and quite pronounced for GROW though the figures produced by this site are unreliable.
Good to note that litigation has been determined in the case of Ryanair.
In todays business section on the BBC, the lead article comments on the report by Begbies Trayner, (I do own a few shares in BEG still) of company failures rising. With the price of gold rising in response to Middle East, it mitigates any slowdown in foreign exchange over winter months. The cost of living for many remains problematic.
Whether the FTSE collapses or not is somewhat of a sterile argument. Of rather worrying concern is that IRAN is at the point of whipping up its allies for an escalation of conflict. I feel a very bumpy end to the year is in prospect for investors.
Quite a chunky buy. I might follow suit tomorrow, albeit with a (much) smaller quantity
I do not share your optimism for battery companies, or, for that matter those involved in alternative energy. They have been among the fastest for capital erosion... I still hold AFC Energy (roughly an 80% paper loss), Varta I have sold to crystallise a 16% loss and today learned that Siemens Energy is off 32%. While I do not own Siemens Energy shares, I do own share in Siemens AG, which is off over 6%.
Today is another statue day, but a decent bottle of claret this evening, a warming glass of brandy and a game of bridge at home with some of my family that have come to visit this weekend will return me to better humour.
Steph, bond yields are the PRIMARY cause for investor reluctance to invest in equities. That is a first headwind, next headwind is that the FED has stated that rates will remain higher and for longer, the 3rd one is that there is some (quite reasonable) concern on the service of debt. This is not constrained to US but on many countries including Germany and UK. The remaining headwinds are Ukraine : Russia and the Middle East being drawn into another war.
My feeling is that investors are going to have a rough time until the end of the year, the rot having started in July. For myself, my portfolio having been up over 16% in July is now up just 4%. In 2018 when the "stable genius" announced a trade war with China my portfolio lost 8.64%, my worst October ever. This year down 5.24% and a few days left. The rest of 2018 saw a rise of 0.83% in November and a fall of 6.78% in December.
Not for a moment suggesting that this will be repeated, but I would not be in the least surprised if things rhyme. If they do, then 2019 was a cracker of a year and I was up 24.06%.
Anyway, there have been no hiding places for a few months, holdings in companies that I expected to do well (insolvency companies, pawnbrokers etc) have been as flat as a witches t!t but I will continue to drip cash in from dividends thrown off elsewhere.
Short term, I am very bearish, long term very optimistic. I like to be able to get out of a mess faster than I get into one and see no compelling reason to simply invest in UK or US markets. I am keen though on India and their potential to overtake China as the factory for the world
There has been a slew of data released recently from manufacturing and services industries that make pretty depressing reading. Accordingly the SP is marked down. On the other hand, with missiles flying around in Ukraine and Middle East, so shares in bomb makers and defence suppliers continue to climb.
Cannot pretend for a moment that the ride is anything other than worrying. FWIW, I think I have made a good decision with my purchase points, despite being underwater
Yield rates for individual equities are immaterial if dividends cease to be paid.
While long term bond yields rise, stock markets will not be able to regain composure. As soon as they fall, then it will be the catalyst for growth. I fear we are in for a muted remainder of the year with the potential for war extending in Middle East and American boredom with Ukraine and Russia.
Politics in advance of 2024 election across the pond adds further unease with a senile and doddery President that is disliked and a challenger from a former president who is a liar but with such a huge command over the party that any challenge becomes impossible.
At the moment it is only a paper loss
Exciting, isn’t it?
As always, steph, your contribution is informing and helpful. The caution that markets have at the moment is from bond yields. Once there is the whiff of reducing, then equity markets will regain composure. But when yields have sustained and contiuing falls, I am certain it will be a trigger for a marked change in fortune.
In common with you, sheffieldowls, I too am rather bewildered that the market cap in this, and for that matter in BEG has declined during what has all the hallmark makings of a bumper time for each business. My holding has been considerably reduced in BEG but I have added a few shares in RFX over the last week. Not, I hasten, to the exposure that you have but nevertheless have added.
RFX does pay a dividend, but my portfolio is structured for capital growth and any dividend thrown off is a bonus. Always better to buy on statue days and sell on pigeon ones.