Member Info for JoeKing53

To paraphrase Warren Buffett: It's only when the tide turns against you that you realise which Fund managers have been swimming naked"... Let's see if SMT's fund managers have been investing in fundamentally profitable companies - or companies whose share prices had been going up... 2 year time frame.

Wondering if this is th time to top up....or wait til it hits 9.50

Well there I was topping up at 11.39 and feeling pretty smug when the price kept going to 12:15+. And now today it's tanked. That'll learn me as my teacher never used to say. Yes, I know they say wait 5 years- but they never tell you WHICH 5 years..

lordloadsoflolly: Today's a good day. Tomorrow will be on the up too. Tune in at the same time tomorrow . If you believe in the stock fundamentals, you should be buying in the sharp dips.

Hope so - loaded up a barrelful at £11.39 yesterday

Hope you're right Sir. I bt @123 about 6 weeks ago and so far it's been gradually sliding.,
Where do you see the upside coming from?

Thanks Wigan Warrior.
I bt some @123 last week- fingers x'd!

i'm just a small time private investor but I did not receive any invitation to participate in the recent placing. Just wondering why not as it was open to existing retail shareholders (like most of us) and whether anyone here else did or did not. Registrars clueless.

Agree 500 is cloud cuckoo land. But UBS have a price target of 175 which is a good upside on current price. Like a mug I bt @123 last week.

Let's hope the share price goes through the roof :-)

Apparently these chaps were seen at the local hardware store buying several bags of cement and sand and loading them up in an unmarked van.

Hi Nige W: The shortage of housing stock is not exactly new news - it's already been factored in. But fears of a global trade war esp between US and China IS new and that is now taking it's toll on all shares incl TW - look at the Dow for the last 2 days
Atb

Tom E- no the , US / China dispute has got worse - see this link for example
https://www.bbc.co.uk/news/business-46466903

TomE: The link to Trump is that if you trigger global trade war with China and others, and confidence sinks ( see the Dow Jones for the last 2 working days), the banks will tighten their lending criteria as they would not want exposure to households where there is a risk of job losses- and many would -be buyers would not want to borrow with the uncertainty of their future job prospects hanging over them. All that impacts on the medium term attractiveness of holding housebuilders stock (shares) though I would be tempted to start buying again if it goes below £1, which is not a probability, but can't be ruled out as a possibility.- in my opinion.

Well Mark, us Chartered Accountants err on the side of caution ( we antiicipate the downside but only take the upside when we can smell lit - we are sometimes defined as "Economists without the charisma".. Let's hope TW keeps rolling -and the stock mkt in general recovers from Trump's buffoonery.

Thanks Mark,
I'm a Chartered Accountant and have an MBA. I can work out DCF thanks but it doesn't price in market sentiment and/ or political volatility, which is driving down the price. I have divested as much of TW as possible without triggering CGT but still have a sizeable portfolio of TW shares so I hope that for all our sakes the unwell cat keeps bouncing for a very long time. In the long term I agree the fundamentals do look good. In the long term you will agree, we will all be dead. Have a good day.

yes deffo dead cat bounce
https://www.investopedia.com/terms/d/deadcatbounce.asp

It's a "dead cat bounce" I think.

Yep - down 700 - there's a message there for people say we'll be fine under WTO rules- China/ US trade is WTO and is causing the Dow to fall

and your point is? All quotes have to start somewhere, don't they?