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"Fidelity Special Values (FSV) manager Alex Wright says politicians don’t want to admit the fact that it is Brexit that has caused the undervaluation of the UK stockmarket.
..
there was a change in equity ownership from UK defined benefit schemes to other types of owners, international investors and UK retail and DC. Unfortunately, and again, politicians don’t want to say this, but it’s very clear what’s caused the undervaluation, it’s Brexit. You can see it to the day, that international investors have disinvested from the UK market after the Brexit vote and the uncertainty that that has created. That is the key reason. So, I think if there was a change to allow more equities in defined benefit schemes, that would be a positive, but that is not the negative that’s caused this underperformance over the last five years. Unfortunately, it’s that Brexit vote.
..
what’s encouraging is obviously, you can see that trend is slowly reverting. So, I don’t think it’s going to be quick. There’s no one big catalyst like there was that negative catalyst on the Brexit vote, but that slow change in momentum, hopefully, that will feed on itself over time. If the UK market continues to outperform, it will be more difficult to ignore because you’re missing out on performance."
https://citywire.com/funds-insider/news/fidelity-s-alex-wright-brexit-is-uk-s-big-problem/a2419625
"Somewhere, over the rainbow.."
"..for all the heavy lifting, the share price is still lower than it was a decade ago. That needs to be seen in the context of a smaller footprint, but a troubled past has also played a part, she admits. “Aviva of the last ten years has been an inconsistent performer. I think there’s a little bit of that that still sits in investors’ memories . . . ‘Can we trust Aviva?’ ”
It's been a volatile though, so plenty of opportunity for trading on the back of fear.
"All these high dividend stocks seem to be in the same boat i.e. declining or flat. Endlessly tipped by Fools."
Bought POLR in April at 489. It's likely to announce a nice dividend in a few days. Do not buy any, it could go down as well as up.
Comparing national situations to our own household economics doesn't work, especially in the case of the USA.
Of course the wealthy repub right wing love to fool people into believing there is a comparison because it helps them to argue in favour of spending cuts that will enable tax cuts so they can keep their ill-gotten gains. One day they WILL summon up the courage to trash the economy. Take a bow, George Osborne, Boris Johnson, Liz Truss. Kwasi Kwarteng
The USA is still easily the richest economy in the world, unlike you or I, its life expectancy is immeasurable and intellectually De Santis doesn't measure up to Mickey Mouse.
Once this gets fixed, probably late Wednesday if at all, I have a feeling AV. and others will recover a bit.
Any views on this particular aspect of our mad world?
"US 'careening towards bankruptcy' warns DeSantis as debt ceiling vote looms"
I can affirm that: "Careening is a method of gaining access to the hull of a sailing vessel without the use of a dry dock. It is used for cleaning or repairing the hull.", so what exactly is DeSantis telling me?
The difference is that if you bought low you will be able to realise profits, which if you add into the mix inflates the return relative to the length of time you held the shares you sell. It's a one-off gain of course and afterwards the return is based on your next average purchase price. It's a moving target.
Aviva took a hit when the SVB fiasco started to look sticky and panic started to bite. I bought a stash at the low point and when it went up, sold and bought LGEN at 230. Not sure if I should bank the LGEN profits or wait for the dividend. I've a shopping list but no cash.
OXIG received a takeover bid from SXS just over a year ago and now some are saying the bid could be revived. It seems very tenuous speculation now that Tyson is to join OXIG unless there's something under wraps for now..
I was with Stadium(SDM) before TTG bagged it. A big price drop before TTG made their offer spoilt my profits. Who would go after TTG now?
Sold the lot in March just after SVB for a very small loss and bought into distressed financials. Have now sold my distressed financials at a nice profit and regained my DPLMs for £2 a share less than my previous avg.
Wouldn't it be nice?
"Speedy Hire a ‘buy’ following reassuring update, says Liberum
Liberum sees ‘significant upside’ at tools and equipment hire group Speedy Hire (SDY).
Analyst Charlie Campbell retained his ‘buy’ recommendation and target price of 70p on the stock, which slumped 5.7%, or 1.9p, to 30.5p yesterday.
The trading update for 12 months to the end of March was ‘reassuring as the board reports that it expects profits for the year to hit consensus expectations’, said Campbell, although 14% growth in revenues for the year implied a ‘slowing in growth to plus-10% at the end of the full-year.
‘The main driver of revenue growth in the year has been hire rates, which have been improving as the industry has been disciplined in recoupling input cost inflation,’ he said.
The group has also boosted savings from £3m to £5m after operational improvement and management restructuring, which Campbell said gives him ‘confidence that our cautious full-year 2024 estimate is achievable.’"
I can't find any particular reason for the drop other than the general unpopularity of technology companies at the moment, etc. Even the shorters don't seem interested!
So I will continue to top up at these low prices when I get the chance.