I've got this, Land Securities, Lloyds and a bunch of other blue chip quality high div paying UK plc stocks on my watchlist. BLND is already undervalued but I can see more short term downside for the rest of the year. A no deal scenario, painful though it will be in the short run, will be an opportunity to pick up lots of the kind of shares I mentioned in the first paragraph very cheaply indeed.
Hi BB. Its true that silver (and I believe platinum and palladium too) bullion attract VAT hence why the price of silver coins and bars are much higher than the spot price. A good quality silver ETF, on the other hand, trades much closer to the spot price. Still considering that the silver to gold ratio is currently around 88 (it was at 93 not so long ago), I think silver (even silver bullion with VAT charges) is undervalued compared with gold.
I am enclosing an article I found on the website of the Royal Mint entitled HOW RARE ARE PRECIOUS METALS? Its worth a read. It includes some interesting analyses stating that for every billion kg of earth crust there is 4kg of gold and 75kg of silver. Based on this alone the true and fair silver to gold ratio should be around 18-19. Here is the link...
Furthermore, silver went to almost $50 an ounce in no time back in 2011. I know it may sound ludicrous/conspiracy theory-ridiculous at this stage, but I stand by my prediction of $100 an ounce at some point in the future. And when that happens I believe gold will be around $4000-5000 an ounce and Bitcoin $80,000 - $100,000 a coin. These are all insurance assets in a world simply drowning in debt.
Those who were hoping for sub £5 have missed the boat I think. I don't think its unreasonable to foresee silver at $100 an ounce in the future - the staggering levels of debt in China, the USA and the Eurozone will create a financial crisis of biblical proportions that silver will have no troubles getting to that price. I like holding silver bullion and etfs. Miners carry more risk but deliver more upside when the silver price rises and FRES is the largest silver miner. I am very happy with my purchases at £7.30 and £6.10
This would be a screaming buy sub £5. I think silver will be the best performing commodity over the next 5-10 years. Even more than gold. I live silver coins and bars, and ETCs too. Yet this is a fantastic pure silver play (with some gold exposure too) and despite slight production reductions its still the largest silver producer in the world
Despite the disappointing results, this could be a very attractive entry point. The only drawback for me to investing here is the fact that pretty much all the operations are in just one country, Mexico, and any political unrest in Mexico could negatively impact Fresnillo. However I am extremely bullish regarding the price of silver over the next 5-10 years. It is easy to get enveloped by all the Brexit hullabaloo in the UK but when I look at the entire global macroeconomic picture of the world and the absolutely staggering levels of public and private debt, I don't see why silver cannot reach at least $100 an ounce at some point in the future. Since Fresnillo is currently the largest silver producer in the world, this would hugely benefit this company and believe me by then the share price will be several multiples of the existing share price.
At £2.70 this is very undervalued. Its not without risk though and my biggest fear is some substantial dilution in the event of any liquidity issues. Mulberry however remains a very strong global fashion brand and any turnaround could mean some serious upside from these current pitiful levels. It would also be interesting to see whether one of the major shareholders, Tybourne Capital Management, will at some point in the near future further increase its stake in the company, especially at these current depressed levels. It is interesting to note that on 29th January 2014, TCM had a shareholding of 1,782.709 shares. Its latest shareholding disclosure was on 28th November 2017 when it had a shareholding of 6,602,240 shares. In those few years it had almost quadrupled its holding in the company.
The Woodford name now makes investors run a mile but objectively its the companies/startups in this investment trust and their weightings that matter. Benevolent AI and Oxford Nanopore are hugely exciting companies and this trust is a great way of having exposure to these kinds of companies. Its much better to buy an investment trust containing many exciting and innovative small companies than going directly to the AIM casino to bet on a single horse, where you'll most likely lose all your money. If this goes below 60p I may buy a few more.
Superdry is hugely undervalued. I believe this will come good again in due course. The most important thing is that JD is back, which I am delighted about and I am also hugely relieved that ES and his retrograde leadership is gone. Lots of money to be made from these levels if you are patient
IMB will be worth more than £40 a share in the future. I currently don't know what the bottom will be but at these levels the stock is priced very cheaply and pays a very generous dividend. Now is the time to be buying or topping up not selling (unless you've borrowed money or are investing with money you can't afford to lose).
Lots of people may still keep beating down Woodford, but this is a very good trust to hold based on the companies in the portfolio; some solid companies very much of now and the future. I have a rather large holding in the Scottish Mortgage Investment Trust but that trust is not so cheap (and for a good reason) trading at a premium to NAV. The WPCT, on the other hand, trades at quite a discount to NAV and I believe there is plenty of upside in the long run from the current share price. Even though this fund is more high risk, I prefer this fund over Woodford's other two funds. Many of the companies in this trust have a very bright future.
The share price is now very close to its all time high. Even with short term stock market volatility, this is a good stock to own to have exposure to fast growing and disruptive businesses of a high quality - much better to have exposure to a multitude of these businesses than to focus on a single horse. I still think the most controversial holding, Tesla, could take many by surprise and end up being the best performing of the holdings. I believe it's better to have exposure to Tesla than not have exposure to Tesla regardless of what many people may say. I know someone who's invested all their savings in Tesla. In spite of my optimism for the company that is foolish. Like I said, much better to play all these wonderful companies than just one - and this is what I like about SMT. What's more the fees are low and the leadership of this fund is visionary and first class. Technology doesn't stay still and will continue to play an even greater role in our lives in the future.
ES gets a £730k payoff for decimating shareholder value????
I am sorry but in my book if you haven't done your job well, aside from the agreed base salary, you get nada.
The next company ES becomes chief executive of, I am shorting it to kingdom come.
The market hates uncertainty but I am very certain now that the original founders are back on board (and the previous backward management team are thankfully gone) this great company and brand can be rebuilt and made relevent and cool again. I am taking every opportunity to top up with each short term fall as I am now convinced that in the long run £50 a share is achievable.
And I'll be more than happy to buy some of those shares off him once the founders are back on board. ES represents everything that is wrong with a business leader - no vision (except tunnel vision), overpaid and pitiful levels of skin in the game