Member Info for Gloucester10

As if from nowhere, the price jumps. Always difficult to work out the smaller miners. But Vive AAZ! Here’s to a more productive 2nd half.

Another deal and a contract so positive direction. The performance of the asset managers who bought 3% earlier this month seems good over the last few years so nice to see that angle added. Roll on.

I live in the flight path of Heathrow and there are definitely more planes in the BA livery flying overhead. With US opening, I would think they are getting fuller and so running more profitably than of late. Zoom can only get you so far so I am comfortable that the corner is being turned and after the drop from 230 to 140 feel there is huge scope for recovery back to 230 quite quickly. From there it may slow but with a fair jet stream who knows.

I moved some money to here from Kaz after the Kaz shenanigans this year. Seems to have good promise but as ever with smaller miners it can be a long flat before a quick rise. Needs some more positive newsflow to highlight its upside and help people focus on the opportunity.

Seem to be getting more traction with the rail network.

https://www.londonstockexchange.com/news-article/MNO/network-rail-approves-cordel-technology/15125081

Do people here typically have a balanced portfolio or are they just all in with GGP? Obviously pros and cons for either strategy.

Wi23 - Can you just clarify the change in risk that you mean by derisk.

Good to hear more positive news. Ducks aligning :)

You’ve had a downer in MNO for a couple of years now. Sometimes it’s easier to move on. There could be greater clarity and costs are up. But there is also specific contract wins and extensions identified so I’ll continue to hold

Phermic - you have some valid points and asking what has happened to previous pilots and why haven't they converted to recurring revenue. It may be due to speed of rail company procurement processes and an update would be good information.

However, the company is not large, it is winning new pilots, is on vendor lists in America and so only really needs to convert a deal to make a significant change in valuation. I am prepared to give it the benefit of the doubt.

So on balance and after considering pros and cons, I still think the risk is worth taking as the upside probably far outweighs the downside in my opinion. Only time will tell and my position size isn't that large but with a fair wind who knows.

You couldn’t make it up!

Yes they seemed to have done quite a bit - getting onto vendor lists etc. Let’s hope it can move more quickly to cash generation from pilot studies.

I’m hoping it’s the up leg of a double bottom.

Yes - different opinions are good. I do have a percentage in currency but it’s in crypto based currencies. I find that some people really struggle with that one and it’s going off topic but even Druckenmiller suggests that a currency from someone from MIT may become the future reserve currency. So I’m comfort with it and it’s really interesting when you properly research it and get beyond bitcoin. Trade of the decade in my opinion.

The problem with being in cash is that money is devaluing as it’s printed so you may as well be in assets just to stand still.
The challenge for value is that the product of the companies are based on making things so not scalable quickly.
Hence you’re still left with growth where things are quickly and cheaply scalable and also able to tap into the network effect. Hence valuation multiples are less important. Hitting and beating targets is however.
I know people don’t always believe it’s different this time but the virtual world that is appearing is a huge value creation opportunity driven by growth companies. Lse’s approach should be able to tap into that so long as they deliver (exceed) targets.
(I’m sure value will still deliver, I just think there is a higher return opportunity from growth that’ will keep on giving and it’s premature to say we are rotating into value.)

Interesting views here. Having read far too many books, lynch from memory had various ratios and also liked to walk down the high street and get the new ideas like gap and pull in the 5 baggers or 10 baggers. There is no high street today and you need to check the web for the ideas. Graham looked for value and finding stocks and slater had his peg ratio. I’ve built various models and done back tests on a lot of data and those models don’t have anything that stands out anymore as they are all copied and the alpha no longer exists in a world of mass data access and quant investing. I’ve tried many things. Lseg is not value, it’s a believe that their new data approach will deliver a better revenue stream and hence valuation is high and hopeful. You either believe it or you don’t. Or you believe it until you don’t. One day value will come back but with interest rates low for the for seeable future I think stocks like lseg are the best bet. I struggle to find the value stocks that hit slaters criteria. I don’t invest in Cathie Woods funds and don’t necessarily agree in her personal ethos but find the argument of disruptive technologies as something you can’t ignore. I would recommend looking at that for ideas for the future.

Shame they only own 11% of it and there is a 12 million share dilution about to happen. Apart from that crack on.

The market is still hitting higher highs and then corrects so I’m not convinced it’s all going to fail quickly. It’s not in any government’s interests. If it stays flat or starts to fall continuously for 3 months then I’ll believe the bear story. Timing 10-15% corrections is impossible on a regular basis. You’ve just got to take a POV and stick with it until the evidence makes you change it.

I’ll run with the volatility of LSEG for the while.

This is a growth play rather than value play so I don’t think that the PE should be a deterrent. It’s more a case of whether they can transform to a data business and drive the revenues and growth from that. Some questions recently raised on whether they can transform. That’s why share price has fallen (IMO). If they can ride the questions and get back on track, should be able to reverse the fall and get back to previous positive momentum

Other main factor is whether there is really a rotation from growth to value. I’m not yet convinced of that and feel low interest rates and tech have more to go.

At least it looks like LSEG seem forward looking by being open to link to the crypto world and the dark side of Decentalised Finance.

https://cryptonews.com/news/allianceblock-to-offer-defi-bridge-to-london-stock-exchange-10094.htm