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Yes I am pleased and somewhat astonished that this share is reacting so positively from snippets of positive news.
Quite a reverse from the doom and gloom that spread following the outbreak of the Ukraine-Russian war.
Needless to say, I changed my mind and sold the small additional investment I made at 110.6p, selling at 143p.
I'm not greedy as I have a huge holding in TW but at a higher break-even so will monitor the share price and hold out for the dividends.
I exceeded my target profit on this smaller investment by 50% so I am very content. I will spend this unexpected surplus most unwisely over the Christmas period on my partner and my family. It seems such a long time that I have been able to say this.
Good luck to you all.
TW appears to stall after every rise of about 10 pence. I hope this is still the case and that it is building up to a pre Xmas climb. If not, I am entirely satisfied with its recent price rise.
Sentiment from a raft of pundits on the web is very positive so I'm holding on to see what January 2024 brings.
So saying this, there is the cynic in me that says what do these so called experts know when you look at some of the recent brokers forecasts. In the end it is all opinion.
I am convinced that this company is well run and well financed and will stick with it.
Yes Kiwitwo, I too am disappointed that the price appears to be stalling at £1.27 but I look back to 23rd October 2023 when the price was £1.0455 and am happy with the 21.47% increase since that date( considering I invested a whole pile of surplus cash in it at £1.07)
I am into this share big time with a fair way to go before I break even but I am confident that this almighty great oil tanker of a share has turned and is building up the revs. It is well built and skippered and should be able to contend with any adverse conditions in the future.
I would predict that after the next election (and with inflation and interest rates falling) the price should be able to rise steadily until it reaches its natural ceiling. Wherever that is, is open to conjecture but I think it is somewhere in the range of £1.75-£2.25.My dream target price is £2.50.........yes, just a dream.
I have learnt to be patient with this share and have made megabucks investing in it for the last 13 years. I still feel I should be loyal to it whilst it still gives me a decent dividend.
Totally agree. Add that to the incompetence of the IMF and you have a perfect storm.
Andrew Bailey's view that solely raising interest rates suppresses the rise in inflation has proven to be completely misguided. All that has happened is that mortgage owning individuals have suffered additional costs and heartache and that is not what has ever been the intention surely? Does this not constitute a double whammy?
I have never trusted the IMF and suspect their intentions are politically motivated although I do not have any proof. It's just that after many years of investing and following numerous bodies predicting the financial futures of countries, I have not found one yet that is more than 50% accurate. Not good odds.
This current situation will calm down and order will be restored. It always happens.
TakingMyTime
Thank you for your post.
At last someone on this message board who realises properly what has just happened. Whether you like Boris Johnson or not, this removes the stagnation in Parliament that has existed since the 2016 referendum. For years all we have heard from the Remoaners is doom and gloom and this negativity has affected the UK markets as what they hate most is uncertainty. Taylor Wimpey is a well managed company that exists in an environment that other sectors crave for....constant demand. It's earnings are sound and what they have done over the last 2 years is remarkable in reorganising the back room of the company and developing a strategy that will move the company onwards and upwards.
If you want to buy and sell, that's up to you. I did that from 2010-2017and made a significant amount of money but now I hold and gain satisfaction from the dividend that looks as if it will continue for a number of years. I do have a sell price in mind but it depends on the state of play over the next 5 years but I feel that it is not impossible for the price to fall between a range £2.50-£3.00. (Good job most of my holdings are in stocks/shares ISAs). My only problem is going to be inheritance tax and I'm hoping that Boris Johnson will make the thresholds more generous.
The only problem I foresee is the lack of skilled workers which originated from the early 1990's when apprenticeships were reduced significantly. So perhaps this is the time for construction companies to invest more in their own in-house training. Time is ticking away as in the next 10 years there will be a lot of skilled workers retiring and this skill needs to be passed on.
Best of luck to you all with your investments. My position is HOLD.