Member Info for Finley1

Zac, when I’ve put my feet up watching the television, and the ever helpful YouTube. I’ve listened to dearest Warren and the late great Charlie Munger, and it was often stated that

the small investor can do very well from a handful of stocks, and if they are not that confident in that strategy then just buy the S and P 500.

I dare say you of course know all this, and of course it is each to their own. I know you like the managed funds, do you by any chance have one for India, I’m curious ?

Thanks,

Finley.

Strictly, as Mr Buffett states common mistakes with investors is buying into the scenario that investors need a diverse portfolio. Buying less than a handful of companies is a very good strategy and buying on the dips has served me very well.

I’m like yourself and have a reduced holding in the house builders, but I’m minded to the fact of interest rate reductions and whether the Tory’s do something with stamp duty in the next budget. It’s quite clear that rotation is now in play and investors are buying the London market

so finally, and hopefully investors will see stocks increase to the eye watering PE’s afforded to the yanks, or least better than the historic lows.

Something to think about.

It’s appears that the ftse has had a bit of a leg up this week. There is even talk of interest rate reductions before the Americans. I’ve been a holder of ds smith and AAL all undervalued businesses, why anyone would be out of say Lgen and Aviva, and trying to make a few extra quid around the dividend payment is beyond me. A bid or interest from a 3rd party could come at any time.

Something to think about.

There might be some selling into the close of business today. Personally, what with the

now rotation back into commodities, why would you do that.

The weekend could hold all sorts of positive scenarios.

I’ve just read Elliott have just disclosed a large holding. The yanks are all over this, same as

yesterday increased buying pre market opening.

I would say the yanks taking positions.

Once you read the RNS regarding advisors, it’s stated that Goldman’s are acting for Anglo,

goggling the chap a very big player in acquisitions, so as with DS Smith it appears the best

move is to sit on one’s hands and see what the ‘well paid’ advisors come up with.

Seems fairly obvious to just keep the share in the bottom drawer, and let value materialise.

It’s been fairly apparent for the last 2/3 weeks since the FED moved the goalposts on interest rate deductions, that the stock market has no direction. The S and P has started to roll over, what does this mean for investors, well sell the highs. Gold has been the play, what with the

amount of debt in the system by central banks. Maybe gold has some way to go yet.

As for the growth tech stocks they have started to roll over, it appears the play is to be defensive, ultimately, I’m keen to be in cash, as I see no short term upside until signals

are clear on a sustained interest rate reduction cycle, which is now unclear.

Something to think about.

The grammar is awful, FairPlay. But I’m a self made man. I’ve often found over the years the

ones who make all the digs, are basically unhappy, usually poor, not good looking, and was

probably unloved as a child,

Fair to say it applies to a few on here, the great elite. Investing in penny shares, and oh so

important, but not smart enough to have made any real money in life.

12p a share I think I can stretch to 10 . Hah.

Investment strategy tip is once your got your giro this week, buy another 5 number 12p shares,

treat yourself.

On the Anadarko front just to say when there is a rumour that a big business is going to buy

your company it’s best to probably sell. Here’s another example, GKP back in the day were also

finding large amounts of oil, Exxon were rumoured to be buying them at £8 a share. The then

CEO was very good at looking after his own interests, as were the Kurds at nicking the oil, so

I sold.

It’s not my fault that the CEO has been in charge for what 15 years and taken the share price from £4/5 to 12p. Turning up at the agm’s the original CFO seemed full of integrity perhaps a

bit naive , the CEO couldn’t strike a deal to buy a cup of coffee.

And finally, as the responses Hilary Clinton stuck the knife in to sour the deal, so what are the

changes that the same thing doesn’t happen again to sour the deal.

I of course wish investors well, but it’s not my fault that the business is valued at 12p a share that is the fault of the board.

Your better off pretending to be clever. Yer, I did that when I sold after the agm when they didn’t sell to Anadarko, did quite well. How you doing with the 12p share price. ?

I’ve got no hidden agenda, I’ve just said you won’t get hundreds of millions out of the Italians,

It was that simple. So, please don’t keep shouting at me as I might buy shares and get really

depressed like everyone else.

Free speech dear boy

So Paul Drayton, your the man, the main geezer the everything RKH. Or are you just underwater and bitterly upset and quite angry that you, mighty you, are invested in

this company and you have lost money on your investment.

How dare they. As I said option 1 on the telephone keypad, and Rachel will alter the share price for you, because clearly the LSE have got it completely wrong.

I’ve read the RNS statements you get £15mil upfront, the rest is all to do with agreements on

the annulments. Hardly life changing is it.

So, surely if you were going to get all those extra millions of pounds the share price would

be more than 12p. Because the stock market is forward looking perhaps phone the LS exchange up, option 1 on the key pad and tell the lady on the switch board to kindly

alter the share price because she has got it wrong. 👍

Is that a plan to keep you all from getting excited.🤣

I’m not saying you are not aware of the situation. I’m saying I don’t think your get all those

millions promised . Problem with chat boards is they are not rational places, it’s all emotion,

and unfortunately when emotion takes over, it costs investors money.

It Appears RKH may be saved by the watered down subdued drive to net zero, but It’s still a deck of cards.

I of course wish investors well, and will raise a glass of Prosecco when the Lira lands in the bank account, providing Sam hasn’t nicked it for another placing.

I used to attend the RKH agms around the time the Americans were interested in buying the

business. I thought the then CFO was creditable, I cant remember his name.

MOG couldn’t utilise the asset back in the day what with the stone wall the Italians were

sticking up, and obviously sold the whole shooting match for low level millions I think

5 or 10, I can’t remember.

The point I’m making and I remember thinking at the time, they the Italians won’t want to

stump up many millions in assumed profit when MOG would have only invested a very

small minuscule amount in the licence and a bit of development.

Here we are 10 years later, lots of flash lawyers and advisors, trying to extract many millions from an Italian government when probably in their mind the only compensate due is the

actual cost of expenditure, which was nothing in real value.

So, until the Lira is in the bank account it’s an unknown, that’s, er my view.

Apologies if that offends, but Er we are allowed free speech. Something to think about.

It was a tongue in cheek remark about the Lira. At the end of the day it states at the bottom of the RNS that the Italians don’t like to pay their bills. I understand that RKH have sold the debt

on. Once you get the Lira in the bank account you can all start slapping each other on the back, up to that point it’s all words.

Finally, I don’t remember what RKH paid for Mog, but it wasn’t a lot, so it will be interesting to

see if you come out of it financially in front.

To be fair RKH hasn’t been a good investment up to now, the management are clowns.

They should of sold to Anardako, the yank outfit sniffing around back in the day.

Problem with these posh city CEO’s they ain’t street smart.

Something to think about

After watching Powell again this morning, he fills me with no confidence, so I’ve decided to sell

a S and P 500 tracker fund. I can’t see any drivers to the market in the near term and will of

course revisit, but consider cash to be the better option right now.

I was invested in Mediterranean oil and gas back in the day. I remember mog trying to get some money out of the Italians back then must be 10 years ago. I still see that the Italians are

hanging out the payment and process.

Gut feeling it will all end in tears, and no Lire will ever cross hands,

Things are not improving out there. Interest rates need to come down and sharpest. The old chestnut about the managed funds and the gains over the last few years won’t be repeated because the tech trade will come off.

The gains were only made on cheap money, that’s no longer available. PE’s especially in the states are not sustainable, once the elite start talking the market down across the pond, and they will do the market will come off.

The FED may be even considering sticking rates up, yer, that’s not priced into the market.

Past performances on managed funds are not an indication of the future, personally no one

seems to get the point that we are used to cheap money and a busy and productive house

building industry. Most of the punters on these boards don’t seem to have a clue how the

markets work, and absolutely should not be invested in shares, they should put they money

in the bank.

Quite an honest view, something to think about.