Member Info for devonplay

https://www.fiercetelecom.com/operators/vodafone-woos-enterprises-quest-for-double-digit-growth-u-s?
News from VOD appears to be coming thick and fast at the moment, this turned up this morning in my news feeds.

"It is not easy finding a 7%+ generator which is low risk low or moderate gearing. The debt market is fine with soft conditions but it may change with bond yields rising and increasing defaults. I try and go for forward yields of 5 to 6%, with a few outliers and a few growth stocks. Bought AAF last week for example"
I try to stick above 6% Carpe, but your range is sensible. I'm still finding interesting stuff above 7%, but to be fair I am going right across the cap. table to achieve that and into unlisted & charity bonds, as well as less conventional areas of the market. The charity bonds have very low default rates. They are too illiquid for institutions, and too small, so it's often small family offices you race against. Yesterday, I bought some more index lined Travelodge @ 95% of par and 5.75% IL. I take my outliers from start-up, and my greatest risk. But the SEIS/EIS helps in other ways, I also get involved in litigation funding and that's too volatile to describe. Hotel chains have reported 125% of pre pandemic bookings in some places, so happy to give it a spin so I'm keeping my fingers crossed on Travelodge. Profits on litigation and start-ups, can be extreme, but losses can be total and in the case, cough cough, of litigation greater than the sum invested. Low volatility, but that doesn't always mean low risk. In most I don't want to see an investments price, jumping around like a flea! It's distracting.

Having a look through these today Mr Solo?
https://ml-eu.globenewswire.com/Resource/Download/06cc499a-d241-45d5-916f-8fd3c24586c3

"baggers" yeah I'm sure they do.
I'd rather buy good stocks in a stressed market than stressed stocks in a good market....
I've used JStock and RSS to manage my portfolio for a long time, you might also find this useful. InvestEgate publish RNS as RSS and it's not that time consuming to be able to look through a large number of RNS that way.I go through all releases RNS most days. I find it useful to spot "new" potential targets.
Build a low volatility portfolio with 7% yield and you will double your money via compounding every 7 years, that leaves lots of space to concentrate on deep value when the markets out of step. Brexit, Codid can then make you decent "overnight' returns, but it does requiring thinking in terms of decades. There a lot to be said for investing with an Inter-generational mindset.
"A casino syndrome of the Stock Exchange", only over the short term, long term good companies win. Unfortunately, SGI's regular financial crisis, tell us "luck" is against it. That doesn't mean it's destined to fail, but "chance" is against it historically.
Nassim Taleb might say it was fragile, I prefer anti-fragile stocks. But failure does harden, if you survive, SGI is very much a survivor, but not of the face of it a thriver.

I run a stock scanner against my watch list/portfolio. It sends out notifications against a range of complex and simple technical indicators. It's been flashing up weakness all week for SGI. I don't use it to pick stocks, but more to indicate potential monthly top ups - so not a trading tool, more a portfolio tool.
You know my view, I expect SGI to be in the low 2p's, maybe lower. I may of course be very wrong.
What can go wrong? No demand for Magenta, that's very possible. Phoenix find that Castelnau is a success, and they quietly shrug SGI off and just use it's IP...leaving the company/equity in long term limbo.
I think it's very possible the results will be bad, not sure about diabolical, just weak.
*when the indicators didn't show the same in the price I thought it might be an error, maybe it wasn't in the end. It's not a science.
If you have an experience with Linux I'd consider sharing the source code, otherwise JStock does a similar thing.It's free.
https://jstock.org/
I try to keep dealing cost down by using brokers free/£1.50 deals. So I like to add/top up on a regular basis. I suspect, unlike you, I'm not looking for "baggers". My strategy is based on low double digit growth every year. Then I take big bets on large caps, during periods of stress. Works for me, not sure if it's a good strategy for anyone else.
Hope that helps with your curse in some way. I always scale in, it's can stop you getting burned.

Oh Gawd, the curse of Pearls strikes again...

There's been a bit of discussion of the bond issue on here
https://www.fixedincomeinvestor.co.uk/x/forum.html#/discussions
it has it's own thread under General Bond Discussion, there's also a research note (link) issued by Guy Butler. Specialist in Corporate Debt. They broke and place debt deals.
There's more information on ORB, the part of the LSE designated for retail investors here https://www.londonstockexchange.com/trade/debt-trading/order-book-retail-bonds
and very detailed information on bonds for retail investors here
https://learn.wisealpha.com/

I agree, as I've said, it's about cultural relevance. No one want's some one else's warmed up left overs.
As far as stamps and NFT's go...It's Twilight of the Idols and Welcome Zarathustra...they just are relevant culturally or artistically.

Hi Mr Solo, on the litigation front I meant more directly than holding the shares of an IT. I've dabbled with investing directly into to the litigation process. Well, the special vehicles set up to provide a corporate curtain and fund individual cases.
Usually as part of that process you get an external "valuation/risk reward" advice and look to see what the insurers are offering as way of cover in case the case is lost. After that, it applying some commercial judgement, DD and common sense, a well as a big dose of risk evaluations.
If it helps, there appear an growing interest from the US over VOD and it's done a recent deal with Elon Musk's satellite business if you believe the speculation and some media reported wins in health care. The recent digital conference material is interesting. It's on VOD's site.
The 400%! I was mildly disappointed with that, but in the context over present markets, I can't complain.
Interesting times at VSL. There could be more down the track with that particular little win, it's moved up sharply, the US listed vehicle and I wouldn't be surprised if it runs further, that could benefit VSL more over the short term, but I guess they have some form of lock-in that doesn't allow them to exit any time soon.
"The Company's Class A Common Stock shall be subject to a one-year post-closing lockup unless otherwise accelerated based on average trading performance measured six months post-closing."

Did you see the post about the +234.43% Looks like it's all been achieved since the float on the 18 October, hence their need to issue the RNS.
Long may it last, good chance, I think they have a decent chance of deal flow and the ability to invest across the cap. table.

https://www.bakkt.com/ I'm betting these are the guys.
https://investors.bakkt.com/home/default.aspx
$ terms +234.43% gain in the share price according to the site today.
The big benefit of balance sheet investments: warrants/ carry!

Carpe, it looks like our other investment had that decent rally today because of it's investment in a digital market place, like Sotherby's they must be getting it right ;) Poor old SGI!
The Company notes that on 15 October 2021, Bakkt Holdings, LLC, the digital asset marketplace founded in 2018, announced that it completed the previously announced business combination with VPC Impact Acquisition Holdings, a special purpose acquisition company sponsored by VPC Impact Acquisition Holdings Sponsor, LLC ("VPC Sponsor"), an affiliate of Victory Park Capital ("VPC"). The combined company now operates as Bakkt Holdings, Inc. ("Bakkt," the "Company"), and Bakkt's shares of Class A common stock and warrants began trading on the New York Stock Exchange under the ticker symbols "BKKT" and "BKKT WS", respectively, on 18 October 2021."

https://www.londonstockexchange.com/news-article/VSL/vpc-impact-acquisition-holdings-sponsor-llc
Just hit my inbox. I see it's also now here.

Hi Carpe, good to see you! Yeah, long term hold for me.

Topped up at the start of the month on talk of "resilient income", in answer to your question: I think a general risk-on appetite from the market.
I also topped up on VOD.L

Pearls, as you've said before, I believe, Phoenix are the master of complex financial engineering. Over complex engineering would be my view. Without spending much time on it, I would take the advice of the world's greatest investor, WB, if you don't understand it, don't invest in it.....I'm always suspicious of complex financial engineering and as I've already said plenty of times, there are massive RED FLAGS to be found here.
Even having to ask these type of questions underlines my point. I've very clear about my view of the Castelnau IPO it gives Phoenix a chance to deleverage and find additional ways of monetizing underperforming holdings in their portfolio.
If they increased their position in SGI they'd run the risk of having to face the regulator and make an offer to take the business private, which ever vehicle they chose, it would be a party related transaction if they hold it directly or indirectly and given their absolute control of SGI's I think you'd have to be pretty confident that wouldn't benefit ordinary holders. So for me the idea that Castelnau might but more SGI is no-go, but I guess if Phoenix are far enough out of Catelnau's equity and it's someone else's cash there's a remote possibility. In the broadest sense, I think Phoenix know that SGI is a dead duck and stuffing risk into Castelnau's IPO then offering to others is a way of getting out.
Unbiased enough for you?
Either way you'll ignore it.. LOL
I imagine this is all a reaction to Phoenix's private investors asking for some, any, kind of return on this tiny part of the portfolio, which has been a mill-stone round their necks in terms of pr,

Always very fair comments form you Carpe.
I guess the question should be " how much longer can these shares stay up at 3?"

You mean this one? "Should you risk your cash to own a tiny share of £8m smudgy scrap of paper? Collectors being offered a stake in the world's rarest stamp"
Which ends on this high note "– it could prove hard to trade. "
Hardly a positive article and the comments appear to be of the "Another crackpot way to part a fool from their money. " variety.
The also mention similar schemes for cars and booze. Unlike other collective schemes, unregulated, not EIS/SEIS relief and the "asset', the smudgy scrap of paper, has already proved it's on a downward trajectory. On the basis of this article, and comments, 2p looks ever more likely.

https://metaverse.sothebys.com/

Welcome to Sotheby’s Metaverse, an immersive destination for collectors of digital art, offering a curated selection of NFTs. Sotheby’s Metaverse is a home for this new art movement built on the foundations of crypto and NFTs. Natively Digital 1.2: The Collectors shines a spotlight on the people who have championed digital artists and contributed to the digital art space. These collectors are people with deep histories and relationships in the digital art and media space, many of whom have been collecting long before NFTs became a common term and have helped build the ecosystem from the ground up. ND1.2 is the first sale in Sotheby’s Metaverse, consisting of 53 lots of culturally significant art from the vaults of 19 collectors.

....doing it properly

Sotheby’s Metaverse v CASTELNAU's "Cement Mixer"
- I bet I know where the "smart" money goes....