Member Info for AllAtSea

Was heavily into AV. early this year and nursing my losses. The divi cut was the final straw when I cut loose and started to trade. It's rare for me to realise losses but thanks to covid I had a level playing field to choose from as I picked stocks likely to recover faster than AV. Now I have a modest 8% over my spread for the year (not incl. dividends in the pipeline) and I own no AV. shares any more. I have some LGEN and MNG and did trade AV. a few times but for moment am right out. My target stocks were those which would resist the effects of Brexit and so far so good.

Stock loyalty is a mug's game and I just feel that with AV. it's not an honest company, it smells of fish. That's what annoys me.

Agree, sit tight. Anyway, why would BP recover any better? Or any other stock with any certainty? RDSB is not a basket case that I am aware of.

SEGRO plc ("SEGRO") (LSE: SGRO, EPA: SGRO) announces that it has unconditionally agreed to acquire a further 74.9 per cent of the share capital of Sofibus Patrimoine ("Sofibus" or "the Company") for €313.71 per share. Following its acquisition of a 19.5 per cent interest in 2018, and upon completion of the transaction, SEGRO will own 94.4 per cent of Sofibus. SEGRO will file a simplified mandatory tender offer for the Sofibus shares not owned by SEGRO, at the same price of €313.71 per share, and intends to implement a squeeze-out procedure in order to delist the Company from Euronext Paris.

Benefits to SEGRO

"This transaction provides SEGRO with the following benefits:

Allows SEGRO to add critical mass to its Paris urban warehouse portfolio, a core market in Continental Europe. SEGRO’s urban warehouse assets in Paris represent over 350,000 sq m of space. This transaction increases the size of SEGRO’s portfolio in Paris by approximately one-third.
Provides exposure to a prime urban warehouse market displaying strong demand and supply characteristics.
Secures ownership of PAPC which is a large-scale, ring-fenced industrial estate with good access to central Paris and which provides an opportunity to actively manage and increase rents on the estate over time.
Gives SEGRO access to land for further urban warehouse development projects in Paris."

https://www.businesswire.com/news/home/20201214005874/en/SEGRO-to-Acquire-Controlling-Interest-in-French-Urban-Warehousing-Company-Sofibus-Patrimoine

It's not a new idea:

"M&G plc (LON:MNG) Analysts Just Trimmed Their Revenue Forecasts By 48%
Revenue estimates were cut sharply as analysts signalled a weaker outlook - perhaps a sign that investors should temper their expectations as well." April 2020
https://uk.style.yahoo.com/m-g-plc-lon-mng-061821078.html

There's been time to price it in.

..took two minutes for my first post to appear. I thought they lost it.

as London goes Tier3. Benefits OCDO however?

Why so much time and energy dissing OCDO? What's in it for you?

Anyway I guess it's an ill wind London going Tier 3. Bad for MKS good for OCDO.

All my other holdings have fallen lately. I could take profits and jump ship but the winds are set fair for B&M so I am staying on board. I like the cut of their jib.

Well their business is 'selling insurance' and that is what they are doing. Whole companies at one go.

They are not overly impressed in the home of the HQ
https://www.edp24.co.uk/news/business/aviva-sells-off-another-part-of-business-6746748

"A textbook exercise in value destruction from a merger that fuelled the egos of the senior management but was catastrophic for staff and shareholders."

A comment from one reader who clearly understands the company.

There are swathes of investors sitting on Tesco stocks they bought too high, and having to accept that the company is at a level matching its position in the market.

Unlike Ocado Tesco is old retail; that is the difference. It's also evident that Ocado attracts very different, livelier talent to its management, Tesco's new CEO appears to be no more than a safe bet for old style retail. It is a value stock not a growth stock.

Levis whilst I'd agree that the EU might not have pleased many of our farmers I am afraid I can't swallow your doom-laden description of farming decline in the UK since 30-40 years ago without evidence.

Evidence of growth THIS CENTURY is here
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/884101/agricaccounts-tiffstatsnotice-07may20i.pdf

We were members of the EU during most of that period.

WRT the decline in cattle, the UK was a big sufferer as a result of bovine spongiform encephalopathy due the UK practice of using meat and bone meal from cattle in cattle feed to cut costs. In 1996 millions of animals were destroyed and no doubt that accounts for your "Sheds that overwintered 500 to 1000 dairy cows are empty". It was also the destroyer of the market for UK beef since it was no longer trusted abroad. BSE could be spread to humans. In effect, the industry has only itself to blame for that disaster, it has nothing to do with the EU.

Shell is now propping up my portfolio instead of dragging it down. And I think it is looking good going forward.

An interesting report on uk milk economics here:

https://www.dairyreporter.com/Article/2019/11/12/Dairy-profits-halve-for-UK-farmers-in-2019#

Milk does not just end up on our breakfast cereal, it is an ingredient in other foods.

"Farming in the UK is industrial, its not like the EU" sounds like an excessive generalisation to me. I lived in the Limousin until the end of 2019. It's true that the farmers there are subsidised but that said said it looked very industrial to me and the farmers were competent and progressive.

The difference seemed to be that the farmers I knew were working for themselves, not some anonymous corporation with its roots and accountants in the City of London, squeezing every penny out of every inch of land.

Any trade agreement with the USA will include farm products. In the past when we have had to open our markets to US producers it has been a disaster for our farmers and yet I don't see how we can negotiate a deal with the USA without that prospect.

Somehow I don't think Ocado's success is due to the pandemic. It's a structural shift that started way before. That said, there will be a long term effect of the pandemic as people reassess how they work and where they work. There will be a new 'normal'; old 'normal' ain't coming back.

I read that warehouses are the sexiest properties in town, going forward. Men with palletons are out; robots are in.

Hindsight shows it's hard to predict the future , but I would stick my neck out and suggest that three factors could help GSK next year: Brexit stability; the new POTUS and successful vaccination campaigns across the world. To me it seems an excellent stock to acquire given that is historically cheap. Those that follow this company know that its share price can rise as fast as it has fallen. DYOR!

A few more pennies and I will be back in profit.. I won't be selling.

Can remember the days not long ago when buying AV. at 333 would have seemed like a gift. Today I just worry that it's a gift from the Greeks. I'll stay out till January and see if I can get 'em cheaper in the sales.

"The Kroger Company (NYSE: KR) reported stronger-than-expected profit for the third quarter of 2020. The supermarket chain also raised its guidance for fiscal 2020. The top-line missed the Street view."

https://news.alphastreet.com/earnings-the-kroger-company-nyse-kr-reports-financial-results-for-q3-2020/

I did buy RDSB too high altho' am nearly even stevens now.

Earlier this year I took losses on AV. and HSBA because I saw other stocks that had fallen off the same cliff and seemed likely to get back up quicker. They did - ULVR, AZN, OCDO, PRTC and XPP to name a few. I also traded back in to AV. because its volatility was inevitable and I made profits there.

My trades tend to realise modest amounts because in my view a profit is a profit. I don't take losses unless I see another loser to jump into. So far this year I am up about 7% overall. At the moment I have losses in GSK but I am hopeful it will come good and I will hang on in there as I will with RDSB. Two good companies to have IMO; I don't trust AZN or AV..

Now what should I sell tomorrow..

From my last visit I suspect Tesco is feeling the burn more than it is letting on. All the cut price deals seem to be for clubcard holders recently, a mad attempt to catch and hold its customers. It has lost its lustre.