As long as WH Smiths have it's shops in locations where there is a lot of constant footfall away from the traditional high streets such as in airports, train and bus stations, and some retail parks and malls, it's future should be ok. Of course the current pandemic means that people are travelling less and airports in particular have been affected but this is just temporary turbulence and people will be travelling again in due course. Software may be eating the world, but Smiths should continue to be fine as it sells products where there is still a demand for them and it has diversified locations. It's good value below £10. Could go below £8 if this pandemic drags on and I may be interested at that level
Nice to see this tick up. Had a wee nibble yesterday at £2.51. I think there is deep value here and the potential to at least double your money from current levels. But fear has taken over and I believe this is still in the top 10 of most shorted shares. But this company provides essential services and it at least generates revenues. The same can't be said for a lot of those speculative tech stocks that make no money yet trade on ridiculous valuations.
Tbh, you are betting off buying a FTSE 100 tracker fund for income. That way the risk is spread and you still get a decent yield with the potential for further upside and capital appreciation once the hard times are over.
Interesting the sp is up as many assumed it would be down today. Still think BP under £3 is a bargain and I would even be in favour of the dividend being temporarily suspended not just slashed if only to save costs as the oil price remains low.
The coming months and years are going to be very interesting. Nobody can predict the future and I sometimes question the popular opinion that low oil prices are here to stay.
Exactly calleron. Lots of tech/growth stocks that are highly speculative and pay no dividends currently trading at ridiculous valuations and barely making any money. Lots of inexperienced investors who have done no due diligence and are seduced by powerful narratives propping up those stocks. This is not going to end well for those companies. I've seen it all before with the dot-com bubble - been there done that bought the t-shirt ;)
"Agree, tobacco has had it"
This is the overwhelming consensus view and the reason why the price is so low.
I am actually in favour of all the tobacco companies temporarily halting their dividends to conserve cash. Thankfully cash flow is still pretty good.
I think this company has tremendous recovery potential and can easily be turned around.
My prediction for the big tobacco firms is that they will emerge as increasingly diversified companies with brands in tobacco, vape products and cannabis (which is a very high growth market).
I wouldn't write off IMB or BATS
The only drawback with this ETF is that it is a 'sophisticated' product backed by swaps. Then again, it is impossible and impractical to buy physical wheat, sugar, soy beans etc. You would need humongous storage (and they will go off). The same with ETFs for crude oil and industrial metals. However, my gold ETF is backed by physical gold in a vault.
Another way to have exposure to the agriculture sector, although you won't be directly following the prices of agriculture commodities, is to buy shares in the Canadian company Nutrien (NTR). Plus you also get a dividend unlike here.
This agriculture ETF tracks the spot prices of all the essential agriculture commodities (wheat, cotton, grains, soy, coffee etc). I view this ETF as a form of security insurance in a mad world. Most of the time this will do nothing. Moreover, it doesn't pay any income and there's an annual charge of 0.49%. However, If ever, perish the thought, we had to endure catastrophic events such as global food shortages (thus pushing up the prices of all essential food commodities) you will be very thankful that you hold this.
I remain skeptical regarding BooHoo and think it could eventually all end in tears.
Granted Superdry has had its challenges but for me its a more credible brand and isn't tainted by negative publicity. Also, Dunkerton has more integrity than Kamani.
Thank you carvegyber for your response. Yes, I realise the silver price can rise much faster than the gold price. I am delighted with the rise in the silver price over the last few days as for too long silver just wasn't performing in relation to gold. In fact I remember back in late Feb/early March or so when the silver to gold ratio was over 120, there were seasoned investors giving up on silver but I always kept the faith and even bought more. A price of $126 an ounce would be nice! :)
Silver continuing it's ascent. Yet I still wonder whether this rise is more industrial driven or driven by investors looking for a safe haven?
I know gold prices are purely influenced by investor demand but silver prices are generally more influenced by industrial demand.
You are right of course wisemanner, but I don't think Anderson is completely infallible. No doubt he is a very gifted stock picker and all round visionary, but the truth is no one can predict the future and even the very best can be caught with their pants down.
Having another look at the portfolio, I've noticed that they've trimmed down substantially their Facebook holding now representing just 0.3% of the portfolio. Facebook do generate a lot of revenue, but could be a smart move as I don't see FB being given an easy ride by politicians over the coming months and years. It also seems like they've trimmed their holding in Alphabet (Google) too - possibly for the same reasons.
One interesting point to note is that some of the large positions in the portfolio are not purely in tech or startup companies. SMT also has stakes in the fashion powerhouses Kering and Inditex as well as a holding in Ferrari too.
I see from their latest statement that their largest holding is now Tesla representing an enormous 12.7% of the portfolio. I would seriously take some profit with Tesla and at least reduce it to 10%. Even Cathie Wood at ARK Invest (who are some of the biggest Tesla bulls on the planet) took profit when their Tesla holding went above 10% of their total portfolio. Despite the recent stellar performance, I still consider Tesla a very high risk investment.
Interesting regarding platinum. I don't know as much about the platinum market as I do the gold and silver market. I think platinum is closer to silver, palladium and rhodium in the sense that its more swayed by industrial than investor demand hence why one has to pay VAT when buying it in physical bullion form.
I do think though that buying a few units of a physical platinum ETF could be a smart move especially if the platinum spot price is less than half of the gold spot price. All IMO of course.
Silver spot price now $22.50 or £17.70 per ounce.
It's been a while since I last remember the silver price rising so fast.
Usually, the price, unlike gold, is influenced much more by industrial demand rather than investor demand. Does anyone know the exact reason for this sudden rise?
Silver on a tear. Now a little over $21 an ounce. I still think silver will reach record highs in the future and I continue to stand by my $100 an ounce prediction, which is not bonkers when one considers the crazy macro environment.
Silver is more volatile than gold and can move quickly in no time. It is not called the devil's metal for nothing!