Member Info for JohnLewis79

EZH rates a 'Hold' in this mornings IC review.

A

The six day advance on US mrkts fizzled out yesterday. However ytd the Dow is c.12% up. There was little to move mrkts as dealers moved to the sidelines.
Ahead of the Fed meet next wk Trump tweeted "the strong $ is putting the US at a huge disadvantage". Dow closed down 14 (26049) after the 1250 rise since end May.
The S&P ended off 1 (15% up ytd) and the techs u/c (15% up ytd) helped by Tesla rising 4% after hours as Musk said production was meeting demand. Tessa was changing hands at $217, a year ago nearer $400.

Asia was lower on back of US moves, TK off 14, SH down 17 (still the leader in the ytd stakes at 16%) but HK slipped 440 as protesters continued to clog up the Central District railing against the new extradition law with mainland China.

The nos: Oil $ 61.29*.
Gold $1336. Coin $ 7982.
Vix 16. £$ 1.27. £€ 1.12.
MSC1 514. FF -14. DF -15.

*WTI fell to $52.30 following news of a sharp jump (4.9mbo) in inventory wk June 7th.

Morning all.

An invstr friend of mine asked me had I any tips on stocks? Sure, I said if your prepared to hold for more than a week.
"Nah, forget it". I can't wait that long.

He could be right given the huge nos of shares that trade in bargain basements, big discounts to NAV etc.., and you could be waiting years for value to be realised.
That to me presents an opportunity for the patient investor if you believe that profits, return on capital, increasing eps
mean anything at all.

So I tipped him EZH a Co that Brexit or no Brexit is ideally located to reap rewards as long as you think business will continue as we know it and not conducted from some pokey bedroom and people cont to travel and visit other countries.

As i said before H, if you have say 5-10k shares the div would hardly pay for a decent meal and drinks.
A big holder such as yourself might think about buying some more.
At a guess I'd reckon there are more sub 10k holders than plus 100k, which answers your question.

As to iis I have no idea. What motivates them outside of nicking a profit
is a mystery. I saw indiscriminate dumping of shares by iis in my blood thing that bordered on the lunatic.
Having large holding iis on the register is no guarantee of sleep well nights. They are in it to get it and will bail at the first whiff of trouble.

Ya spoil sport...ocelot you checked!

Here we are subjected to the unedyfing beauty parade of wannabe's seeking Teach's old job.
This so called selection process is going to take nigh on 8 weeks....ffs!

We planned for the invasion of Normandy in less. No wonder nothing ever seems to get done here without hassle and time wasting.
Shame Parliament couldn't set an example but then they couldn't organise a two ticket raffle.

Did you see that Bill Hicks won the 2.45 at Stratford at 5/1. Jeez the man can't lose!

The UK tech sector has produced one unicorn Co each month over the past year according to new figs released ahead of London Tech Week.
A unicorn Co is one valued at $1bn and this country has created more of these than any other country except China & the US.
Defined as a start up valued at a $bn...so Idea wouldn't qualify.

Anyways to join the $bn club we have to hit c.£790m. Only £470m to go. Could happen sooner than you think.

Boyo, I agree on the S.Wales coastal Riviera from Barry via Cowbridge to Southerndown grand clifftop scenery and then Swansea heading West right up to Yns Mon.
If you have never visited its a must.
I was tempted to tip y'all Rory of the Mc'Rovers at the half way stage at 10s in the Canadian golf a price too good to miss. Wish I had now as he cake walked it. Cheers Rory.
Undecided about the US Open starting Thrs. The course will be tricked up and won't suit the 'bombers'. Rory is a skinny 8'sjf.

The bull run cont in US stocks Monday gaining on back of the Mexico tarrif deal (disputed now) and the 'Big Buck's merger between Rayethon (missiles etc..) & United Tech (Pratt & Whitney aero engines) worth upwards of $130bn.
This would put them behind Lockheed Martin but above Boeing in the mrkt cap league table. In a 'tweet' Trump said this would stifle competition. That's rich coming from him!
The trade spat with China is far from over as on the tech front China has warned several US firms, Dell, Cisco, Msoft & Quaalcom who they consider to be damaging supplies and China business interests, not to co-operate with Trumps ban or face dire consequences.
The Dow ended the day up 79 was up 220, the 500 gained 13 and Nsdq put on 81.

Early deals saw Asia ahead across the region particularly in SH trading c.2% up mostly on local news. Chump cont his war
talk saying if XI Jin does not attend the G20 next month there will be repercussions. Towards the close the Nikkei is up 68, HK adding 210 and the Shenzen Comp up 53.

The nos: Oil $62.47.
Gold $ 1333. Coin $7944.
Vix 16. £$ 1.268. £€ 1.12.
MSC1 512. FF +9. DF +66.

Morning all.

A good bolt on acquisition for Idea with I'm sure more in the pipe-line. Bringing 40 new clients and adding £4m to rev, 75% recurring
another win win.

Asian mrkts are rallying following the removal of tarrifs on Mexican imports and China reporting better than expected trade data for May.
Towards the close TK is up 258, HK +588 & SH +20.

The nos:
Oil $ 63.55. Gold $ 1331.
Coin $7674. Vix 16. $ 1.27
€ 1.12. FF +42. DF +86.

Morning all.

I take your points dhc. A forever stock is not for everyone given we all have different horizons etc..
But I definitely think it's an excellent strategy to have at least one locked away for the long term along with other trading opps, especially these days when a long term hold is a punt gone wrong.

As ever what suits me won't suit you. So I tried a few years back, to list two stocks I would put into my forever fund noting down the price I would pay and monitor the result. Well on paper that sounded sensible in reality it was a bust as I did not have the discipline to see it through and got bored after a few months of share price inactivity.

Being an investor requires one to practice independent thinking as opposed to dependent thinking, and i 100% recommend that, relying on what others may think on BBs etc..is an easy way out.
This has been highlighted by the Woodford fiasco of buying into funds and trusting the management. Some you win some you don't. I think the record is very patchy for passive fee paying pis over the mrkt as a whole. You know who the winners are....

I have always believed in doing my own homework and stock picking, most of the time. I'm never ever going to give my money to someone else to manage
because if he/they screw up i'm ready 'pistols at dawn' on Clapham Common.

I give you Luke Johnson for starters, who many pis followed into Patisserie Valerie and went down the crapper with Thomas. He may well have been a victim of fraud (Took his eye off the ball) that's little consolation to you looking at a blank cheque.

Look if you have a couple of mil your going to need advice. As most of us don't (I started in 1963 with £10 from my father)
I suggest you read, read and read somemore then do it yourself. If you make a ricket you can always drown your sorrows down the pub..
............... He'll, I'm still here.

Get rich quick schemes are two a penny, from 3 card monte- poker hustlers, lotteries and phone scams everyone is after your money. Rarely do you hear about get rich slow schemes.
Obviously those will take too long. So in stock picking it's all about finding a 'forever' share one that you would expect to hold for at least 10 years if not a lot longer.
and has clearly defined qualities.
I define a forever share as having 5 main characteristics. i) needed or desired. ii) not capital intensive. iii) can raise/cut prices at will. iv) little competition and most importantly v) having a competitive advantage that's sustainable. Sounds easy doesn't it.

I found one back in the early '80s that turned out a 'fortress' share going strong to this day not that I knew about 'forever' shares then. Next was the Co. I bought 10k at c.20. My golf partner heir to a fortune tipped them. He had a 'line to Cazenove and said hold'em and forget'em. Not me I was out in the 40s seeking the next blue sky miner. Don't look at the sp now.... grrr!

My other share that turned out a forever share, not for the right reasons was Rodime (Cazenove connection). I held for 11 years before i was very well rewarded (too long to go into here).

G has certain attractions, a product in demand even when not in demand and dirt cheap lifting costs. However would not qualify as a forever share.....not fitting all the parameters particularly on pricing despite the efforts of H,hydro & dhc to convince me otherwise. You guys should go on Bills road show.

They are out there its finding the buggers! If you have or had a forever share i'd be interested to hear about even if it's 'one that got away'.
If not good hunting.

Morning all.

Def a ride up the sp escalator...ooops did I just say that? Oh dear!

A belated well done bunksymeboy!

Woodford bashing has hit hysterical levels of insults and abuse, most likely from those not invested in his funds.
While many say he flew too close to the sun and 'read' his own press ' the man who can't stop making money' ( he made barrell loads of money for investrs in the past) he does himself no favours taking in c.£75k a day in fees from his thousands of small investors unable to access their money. HL have done the right thing by waiving fees if your with them.

Suspension of the EI fund could last 3 months while his other flagship fund the Patients Capital Trust fund has been tanking, falling everyday this week.
I'm not up to scratch on the whys and wherefores
of his investment strategies having never invested in any fund not managed by myself (heh heh heh).
But had it not been for Mr Woodford backing my 'blood' thing the Co would have been bust years ago.
So, I'm not one of those kicking a man when he's down on his knees though he should waive fees immediately. Thats sheer greed whatever it says on page 251 of the small print.

It's doubtful he will regain his once lofty perch a'top the Square Mile. He broke the golden rule dont lose money especially depositors money!
WB once said, " lose money and I will forgive you, lose me my reputation and I will be ruthless".
Old Neil he done both!

Staff costs at easyH must be some of the lowest in the business at just 7% of turnover and only 14% if all other running costs are totalled.
That's a tight ship imo as often these low end costs can run out of control.
From memory a Co I once had shares in ran at 40% of takings.
The Co in question was not shareholder friendly. I asked the CEO if he was planning for his after-life what with all the ghosts on his payroll. He was not amused!
Actually I made money there but 40% give me a break!

Rangor that depends on whether it's £20 or £2000. If it was me and I didn't need £2000 I'd likely reinvest. But as it ain't....
My guess more will spend than reinvest.