Member Info for devonplay

Opened a position on these. Usual strategy. Small amount and I'll add if we go past 65. If it doesn't get there happy to just hold for the YTM.

From IG's Squawk https://twitter.com/IGSquawk/status/1234942147658485764?s=20

Sirius Minerals shareholders back £405m rescue plan by Anglo American.

If he is you might find this article interesting:
https://www.coindesk.com/controversial-oil-tycoon-moves-to-shake-up-argo-blockchain-board
From August last year. I see Mike Edwards is going, and Bixby still has already gone hasn't he?

Is Frank Timis still Argo's largest shareholder?

and Metro debt. I don't wan the equity. And lastly Co-op bank. I'm in th money on all the debt holding so far, with a decent yield.

Argo Blockchain - disaster waiting to happen.
Royal Mail - not a fan, I made money on the IPO.
Barclays - Banks shudder. I own HSBA, STAN, STAN equity and LLoyds - I only like Standard Chartered at the moment. I own Debt in Virgin, Clydesdale & Deutsche Bank.
I'll be buying asset backed stuff when the market finds it's feet, with income, then start adding the indexes. Single small companies will feel it most if we get economic pain. Property IT's are going to come out of this with higher yields, that might attract me. Otherwise I'll be just adding the world, FTSE 100 and FSTE 250 yield.
It's too difficult to call CV, the actual number of cases isn't that high, the anxiety about it is. That could mean we get a very sharp upward corrections. Picking that up via the ETF'sw might provide the hedge against single company exposure. I'd rather capture 10% from 100 companies than 1 when it's like this.

"If they have to cancel Stampex 2020 that would be negative for SG."
I think you have to consider the attendees in the context of it going ahead. If we do have a full blown pandemic, then there will be reduced visitors number to public events for sometime afterwards. 2021 would provide normality again. For younger people and families they'll back to normal quickest.
Are you considering topping up again?
I've made a few investments this week, but I'm shunning public markets for the time being. It's too early for bottom feeding yet.

"I was going to wait and see if it breaks the 52 week low, which I think was 1.90."
I might have to start thinking about that sooner than Ithought. I was expecting Mid/End-March as we reach a potential zenith of infection. It may come sooner.

I was going to wait and see if it breaks the 52 week low, which I think was 1.90.
I might be interested in a small punt around there. Holding for the moment.

"Back to 2.1p mid price, absolutely hopeless"
I did suggest taking some profit on the short rally....
It's one to put in the bottom draw and check once in a while. Turn-arounds take longer than you expect. Fallen Angels often end up in Hell. The best you can hope for is Purgatory in the shor term.

Placing under Placing Programme:
Proposed Placing under the Placing Programme
"The Company is seeking to raise up to £20 million via a placing (the "Placing") of new ordinary shares of 1 pence each (the "New Shares") at a proposed placing price of 97 pence per share (the "Proposed Placing Price")."

"Further to the announcement made by the Company on 19 February 2020, the Company today announces that it has successfully raised gross proceeds of £7 million pursuant to the Placing under its Placing Programme which expires on 28 February 2020."
"Over subscribed" is a much more comforting statement. I've moved them down a step on my watch list.

I'm also a big fan of GSS. That's going to be on my list on a big sell off, good business. Decent long term stock pickers.

"But you are not a collector, Devon"
No I'm not, but I am a realist. We are on the eve of the WHO calling it a pandemic and you somehow think it won't put off "collectors". Oh dear. "Collectors and dealers will view Stampex 2020 differently" and they are free from the influence and control of governments? Perhaps they have super-hero powers? If they are thinking of cancelling Tokyo 2020 I really can't think London 2020 will be immune..
I'm not selling out Carpe, but I am moving towards quality and uncorrelate assets. I already invest in asset backed debt, corporate debt and other fixed income vehicles & start-ups. At the moment I'm looking at litigation funding, it has healthy margins, isn't listed ( I own debt of Burford) and doesn't require long supply chains. This isn't the time for market risk (and we haven't moved enough for me to buy into the sell off.) I'm hoping that ORB charity bond IPO goes ahead, but I'll reducing my commitment. So, I'm sitting on my hands. I'm going to support Axia Funders seed round on Seedrs, commit cash to Octopus Choice, support Alnwick Gardens IPO if it goes ahead and buy either BCPT/SREI from loose change on my ISA. I might buy high yielding ORB retail bonds if any on my watch list go sub-par. Otherwise I'm waiting on deploying cash in a proper way. IWRD will be my first buy, alongside FTSE 100/FTSE 250 income ETF's if we get a major correction. I have an incling to buy BPCR. Maybe I'll get the opportunity. Although it's moved up since I added to my list a few weeks ago, Under 100p would work for me.

"there is no way they will miss this one unless they are actually ill."
It may not be their chice. Besides the obvious restrictions that could be applied by authorities you can see that flights can also be cancelled by the providers. They have a duty of care towards their employees. The organisers of events will also want to avoid being a vector for infection. The UK is already saying they have plans to close schools and reduce public transport, in that context I can't see 2020 being able to avoid the consequences. 10 years or not. I'm not sure any "big name" will want to risk public interaction. If you didn't need the money would you want to press the flesh with a global public in the middle of an epidemic? I would avoid it at all costs.

Meanwhile Tokyo 2020 is at risk of cancellation if the coronavirus is not contained by the end of May, says Dick Pound, the longest-serving member of the IOC

Slightly different scale from an "attraction" focused ORB charity issue, but the first headling when I checked Bloombergs:
Coronavirus Puts Europe’s Company Bond Market In Deep Freeze
Only two new corporate deals are braving Europe’s debt market
Week had been expected to see at over $22 billion in new sales

It is Carpe. I'm sure mass gathering are going to feel comfortable for many, especially for more "mature" attendees. We are someway off it being pulled. But, if it's something you are banking on for an uplift you'd be silly not to consider the possibility of cancellation.
I'm thinking in investing in the Alnwick Garden charity bond IPO on ORB and I'm hoping similar concerns don't derail the roadshow. It's hopefully a transient issue, but you first rule of investing is don't lose money. That means you have to consider these issues. Suggesting 2020 is a one way ticket, I believe, is naive.
As far as SGI & 2020 is concerned, I suspect a "mature" and Asian buyers are key. Both might be dealing with CV fallout and recovery.

Lots won't be buyng physical gold assests. Only a minority buy real assets, so I guess it's not a logical strategy.
Gold ETF's are the logical stragety, either physical or not.
It will be even worse if 2020 gets pulled.
"newly acquired 780 items will be finding new homes soon" they can't be expecting that, otherwise why the 7 year term.
I'm afraid the days of stamps and collectibles are gone, diamonds and gold are more portable and liquid. I can keep a lot of gold ETF on my mobile and a large value of diamonds in a wallet.
It's a recovery play, you need to think in years, if not decades.

That spread is a killer. If you bought last week and need to sell now you'd be almost 25% down. Ouch.
It's not only money you are lsoing, but the opportunity.
If you want stability you need to avoid these high risk recovery plays. They don't come with any certaintity or stability.

Or be an indication they need more help as sales have stalled.
They've sold off the stuff they could discount and now it's getting tougher maybe.