Nasdaq Valuations Say You’ll Be Stuck at Home for a Long Time: "While not quite accepted wisdom, it’s a view coalescing in the minds of certain market watchers -- that even if the virus is defeated, the behaviors it has engendered will live on. The idea gets tossed around after weeks like this, in which the tech gauge jumped more than 2% and its price-earnings ratio topped 36 for the first time since 2004. .. Rich Weiss, chief investment officer of multi-asset strategies at American Century Investments. “The digital transformation initiatives have just rocketed us into the future, and that’s going to be the way of the future. So those companies’ valuations may be very justified.”
My stock includes robotics (5G and hardware), green energy, pharma, and soap. Unfortunately I have some fossil fuel too but not at peak prices! It's reported that the Sage jumped out of aviation while there was still altitude..
It's not normal for there to be a 'normal', something always happens to get in the way.
I worked for another insurance company and we discussed their shares when SAYE offers came round. I was informed by more knowledgeable folk that the share price would simply track the investments of the company, other things being equal like no takeovers, mergers or board changes. Sadly we had lots of mergers, takeovers and board changes :-( Our share price suffered. I stuck with my shares having faith in my employers, alas it was misplaced.
Divi up c. 10% logistics property demand is booming05 Aug 2020 11:18
"Going forward, Segro noted that the structural trends that have been contributing to occupier demand for its space over recent years have strengthened as a result of the pandemic.
“This is already starting to show in elevated take-up levels: for example UK logistics take-up hit record highs in the first six months of the year, 44% higher than in the same period last year," it said.
eCommerce penetration has accelerated markedly across all our markets, it added, there is a renewed focus on the efficiency and resilience of supply chains, and the demand for data centre space is increasing as a result of the need for additional data storage to support remote working and video streaming services."
Basically this story suggests the CEO's options are limited and at the same time hampered by pandemic conditions. The sheer size of the company makes it hard to sell off parts at their worth. It is a product of the mad days running up to the financial crisis all those years ago.
It also says the CEO has to restore certainty regarding the company's direction and dividend strategy. There are no easy answers.
It is surprising this stock is off the radar here. Demand for its products will surely grow as companies turn to robotics in the wake of the pandemic. As it is I will increase my holding if there is a dip or I can release funds from elsewhere.
Astra - perception versus reality.02 Aug 2020 09:17
JOHCM’s Saviddes decries Astra’s ‘extreme’ surge past vaccine rival Glaxo
"Astra has become the Covid vaccine poster child, where in reality it would seem far more likely to us that Glaxo’s vaccine business has much more chance of gaining from the pandemic,’"
"The focus on Astra’s one shot at goal at the moment is quite extreme. Particularly given that it is very unlikely that they will be selling this for material profit, it seems rather bizarre that it’s having such a positive effect on the share price,’ said Savvides."
I share his pain although I did own AZN twice recently and took profits, I hold on to GSK. I can understand his disquiet over with AZN's stardom but maybe we are both wrong?
ANother article I read recently pointed to the inflow of funds to stocks from new arrivals of all sorts. In part attracted by cheap dealing platforms and the lack of opportunity elsewhere. It may be that a significant number of investors are influenced by headlines rather than the underlying story.
It makes good sense but I thought I'd dip out and give LGEN a chance after they had a bit of a wobble for no apparent reason. XD is a week after ULVR and will give me a better return if I hang on that long. Then maybe I will get back to ULVR.