Good day to Rob on Friday! 9 Apr 2014 15:54
Dear Rob,
Apologies for my delay in replying!
Yeah maybe it did to a certain extent. That guy stalks me and is a bit of nightmare to be honest. The continued weakness has recently made me doubt my bullishness there but, at least for the mean time, I have no intention of selling.
SFE is a superb little share. It’s an under the radar, undervalued, growing, dividend-paying company that should benefit from the UK’s booming housing market and surge in consumer confidence. I only have a tiny holding there but I’m a big fan of the stock myself.
Glad to hear FOX is going well. How has your other stocks been performing lately in this difficult investing environment? It seems like SNTY is going from strength to strength and – little fact for you – Stockopedia’s Paul Scott, a well-respected analyst, shares your love of the stock.
I’d avoid Chinese stocks. As a true value investor of course I came across CAMK and NBU and initially thought ‘what a no brainer’ but didn’t have the cash to invest in either. That was when el1te trader covered them on his blog. They then declined and were in such a downtrend by the time I did have some money I avoided them. Then superb Simon Thomspon, from the British “Investor Chronicle” magazine, put them in his 2014 Bargain Portfolio and they both rose only for them to resume their downtrend. My point is, after watching for months, I’ve decided that the market clearly really distrusts both of these companies so – whether their accounting is honest or not – they won’t do well.
In regards to NBU in particular, the bears at shareprophet’s did some serious research into NBU and concluded that it looks very dodgy and shorted it for a while. It’s also worth noting that NBU’s dividend is actually paid in further shares, not cash, and so I don’t see the dividend as a positive thing there at all.
I will look at TIDE and IFM for you. But, considering you say it’s risky, I can’t see me going for them because it really feels like a good market correction is occurring / on its way and so I’m looking for stocks that should do well even in a bear market to be honest. I’m looking for safe bets more than ever (which could explain why I recently took the plunge with SAFEstyle haha!).
Thank you ever so much for wishing me well. It is insurance related – it was the “insurance broking practice” exam in fact. Thank you also for having such confidence in me (although I have failed an exam before). I’m a scholarly individual but I may have just failed the exam on Monday. I started revising too late due to underestimating the difficulty of the module, and – to make matters worse - barely any of the stuff I memorised to heart back up. Instead the most obscure parts of the book got into the exam so I now think I’ll be lucky to pass it unfortunately
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