Member Info for Jjuxi

Keeping an eye on this again to try to get a good (re-) entry point. Bill has just sold off over a third of the UMG holding. NKE earnings next week, GOOGL looking cheapish. Freddie and Fannie IPO appears to be a while off yet, possibly 2027.

Great day for LTHs. Passed my average this morning after I had all but written this off at the lows. Looking forward to my highest buy of £1.34 being taken out on the flow test results.

I got out of this 33% fall ago realising a large percentage capital loss. The NAV only seems to go down on each update and the timeline for liquidation is long. Any future liquidation returns must be discounted back to today.

My thinking was and is there must be a better place for new money.

LTH here. Bids won't come in until the resources are proven and by that point the price will already have rocketed. This is all or nothing.

I let go of BWY halfway down after holding for years. Until there is a clear sign of a turnaround, the housebuilders sector is now at best flat and at worse (still) in freefall.

So the deal here is monthly dividends with an annual yield of 40%+ using zero days to expiry cash secured puts on the nasdaq. Clearly the NAV will erode over time, the question is can you get an acceptable total return.

This is along the same lines as the very popular US ETFs from yieldmax and, to my knowledge, the first ultra high income versions available in the UK. Expect to see a lot more on the way if the total return holds up.

This should move up further on the China stimulus news. Many of the large miners in my portfolio are up over 5% today.

Super news LTHs! Thoughts and prayers with Mangrove.

Re viable alternatives: LGEN offers superior returns, security, etc. Similar(ish) investment without the ridiculous regulatory overhead and fabricated compensation schemes that prevent banks making money.

I bought in last week on the basis of it being a potential takeover target. Fingers crossed.

Let's say NAV drops a not unreasonable 10% from here and the discount moves to 10% as it falls out of favour. That puts us somewhere around 460-470 for what should be an inflation proof income stream starting above 8%. My intention is to start buying at anything below 500.

Are you currently waiting for lower prices or thinking this is very near the bottom?

I was holding the previous incarnation of Sparc, Tontine, the spac. A lot was promised but in the end we got nothing. The deal Bill put together was not approved and PSH got saddled with UMG as a result.

I am not holding PSH at present as we are near performance fee territory. I am happy to buy on pullbacks but see this as a steady rather than spectacular performer.

As an LTH I try to keep up with developments here. I have just THREE posters filtered and not only does it leave almost every message about an oil company called Pantheon, but it filters out around 60% of the posts. Just three people.

There are two main issues here as I see it:

1. They have to cut fees and this reduces the profit margin and potentially compromises their business model.

2. There is a lot of negative press covering excessive fees and this may lead to a client exodus.

As I see it sentiment will not turn around until (2) is addressed and we don't know where (1) will leave the financials hence the selling. I think the shorting opportunity has passed but I wouldn't buy here.

Long time - You may feel certain about your 13% return but it is not a certainty. At present you are sticking with a low total return and the forward looking market does not agree with your feeling.

Global markets, dominated by the US, are not at low valuations by any measure. The consensus expectation of financial analysts is a low return decade. Within this environment it is unlikely for UK shares in general to produce double digit returns.

The MM fund rate of return will drop off at some point but this is unlikely to coincide with stock markets suddenly jumping as that money will probably head to longer dated fixed income to lock in the higher rates.

Long time - MM funds are not a long term option vs stocks as they will underperform. In the short term however, they provide certainty, optionality and currently a high return. As soon as the high return drops, that would be the time to switch into either stocks and/or bonds. If there is a market pullback or crash in the meantime, money can be switched into stocks same day. This is compelling and why literally trillions are making their way into MM funds at present rather than higher divi, low growth shares like Lloyds.

While the MM fund rate stays high, you are getting paid a lot to hold an open ended option to buy the market in general or any share you choose at any time. No good long term but probably good for the next few months at least given the market outlook. You lose ground only if the market outperforms the MM rate during this time.

Against that you are betting on a share that has not achieved capital growth in decades, with a risk of further capital loss, divi cut or even divi suspension.

I had a 3% allocation bought earlier in the year but sold out again recently for a small profit. I bought because the typical SMT holdings started pumping again but that seems to be over and I just can't see much upside for the holdings in the near term. Investment trust discounts across the board show no signs of closing so I've thrown the towel in on several of these. Holding 50% in MM funds now.

^^^ should read 27B market CAP bank!

Yes, I gave up on bank shares years ago. Too much regulation, governments love taxing them.

Not sure why you're comparing a big 27B market bank bank with a small cap bank that nearly went bust a few days ago. Their share price movements, particularly at this time, are completely unrelated.

Re Lloyds why would anyone risk buying a bank for a non-guaranteed 6.5% divi when they can get a risk free 5.5% at the moment in money market funds?