Member Info for lordloadsoflolly

Shame even SOH can’t get his own brand names right. It’s SlimbiOME Stephen. NOT Slimbioem.

Dallo - one of the few people it HASN'T been a "long ardous journey for" is Tim McC.

Many will think he's done very nicely thank you, drawing his fat salary whilst stringing investors along with false hope & promises....

Sorry SFH300. I did of course mean "more than double", not "less than half".

Most of my holding here dates back to 2016, at prices around 320-330p.

CaptainPicard - Sorry to disappoint, but I don't smoke anything.

Sure - £7 is a long way below its peak. But it's also less than half what I paid for SMT.

So reasons to be (cautiously) cheerful, without resorting to wacky baccy.

Wow, I write one of my rare positive posts about TEK and the share price instantly goes up again.

Perhaps I'm missing a trick there!

On the other hand, I can't sell my soul even if I might profit from it.

But going forward I WILL try to write slightly more balanced posts on TEK, as there's good & bad in most things.

Oh and before I'm accused of suddenly gping long on this share, forget it. I don't trade.

Topcatz - I agree with you that a licensing model for Guident is definitely the way to go. It's how ARM got where they are today in microprocessing. This could be a gamechanger.

Seamanp911 - see, not always negative! And I've now even found a vaguely valid comparative with ARM....

Seamanp911 - Yes.

There you go, that was something positive!

Might just be my imagination, but anyone else think SMT has become slightly less volatile of late?

My sense is it has reacted more in line with general markets on down days for the past month or so, rather than grossly underperforming them. Plus it has bounced along between the low £6 & low £7 mark for most of this year.

The 5 year share price chart on Google suggests it was at its most volatile between about March 21 & Aug 22, but has since settled down a bit. Which - if sustained - will do all our hearts the world of good! Even more so if it actually breaks through the £7 mark & stays there.

A further bounce will be dependent on more good news.

This share has shot up from its early summer 6p-8p level. Perhaps it's just drifting down to a more sustainable level again.

Sure - but ARM & Microsalt couldn't be much more different if they tried. So I'm not sure what the analogy is? Other than both are staging IPOs.

Walp - you're welcome. I hope Fundsmith does OK for you.

As I mentioned, its performance has been below benchmark since 2021. Guess you can view that in two ways if you're investing now. Either: a decent time to jump in, as its long term performance has been strong, so with any luck it'll revert to type. Or: Terry's lost his mojo & there's no going back.

Let's hope it's the former!

Either way, I reckon it's a decent long term hold for SMT investors looking to diversify sectors.

Gotoutjustintime - you're right about accumulation units also being taxable. My apologies. A good guide can be found here: https://moneygrower.co.uk/2018/03/do-you-pay-tax-on-accumulation-fund-units/

I hold almost all my investments in tax free wrappers, hence not being an expert on this.

Fundsmith doesn't have a non-OEIC equivalent, though I agree generally that ITs trump OEICs. Quite apart from anything else for their buy/sell price transparency.

ICB888 - whilst I agree with Simon Thompson to some extent and think TEK will have re-rated upwards within the next year, he HAS been saying the same thing for some time now.

Meanwhile, TEK's share price has continued to go in precisely the opposite direction....

DorsetLSE - I'd seriously consider moving those Fundsmith shares over to I class. You've obviously had a poor experience with a previous transfer by HL (no huge surprises there), but in my experience the process is normally reasonably smooth.

On a holding like yours worth over £470k, a 0.1% diffferential would save you over £470 a year.

Also, I know you're retired, but if you don't need the dividend income from them & they're not held in a tx free wrapper, I'd go for Acc units to avoid being stung for dividend tax.

Hope this is useful, but sorry if you knew it all already!

Walp - I've only just seen all today's posts re: Fundsmith, but am glad most of your questions have been admirably answered by others!

In terms of Acc v. Inc, it probably depends a bit on the wrapper you hold them in. If they're outside a tax free wrapper, any dividends you receive above £1k are subject to tax (8.75% to 39.35%, depending on your tax status): https://www.gov.uk/tax-on-dividends

Consider Acc units like automated dividend reinvestment, with no fees involved. If you're confident you'll hold Fundsmith for a reasonable time, I'd say Acc units make sense, as you compound any profits they produce. But of course, if they tanked, you'd also compund the losses.

I'd definitely ensure you choose a 0.94% OCF. The units I've got are I Acc, with the amusing ticker of FUQUIT (well it makes me smile anyhow - particularly when the fund has a down day!).

In terms of regulation of the tech biggies, I wouldn't get too het up over this right now, though I could be wrong. My thinking is that all these companies have such large - and "smart" - legal teams, any legislation would be challenged right up to the highest courts. And whilst this doesn't necessarily mean they'd overturn any legislation, it probably does mean its several years off at worst. And never going to happen at best.

And as most of these companies are US-based, legislators would be cutting off their noses to spite their face if they took too drastic a course of action.

Cauldstream7 - the strike price can be manipulated by marketmakers to say anythingthey want.

To me, the ONLY important prices are the Bid & the Ask. Assuming you pay at or close to the Ask, you need the Bid to rise well above it - after factoring in sales commission (& with non-Aim shares stamp duty) - before you make any money whatsoever.

Maidit308 - you do realise that according to the London Stock Exchange (& here on LSE for that matter), the Bid price remains BELOW the recent placing price - at 1.95p.

I could be wrong, but I can't see any catalyst in today's results or outlook statement to support the share price at its current level beyond the next few days.

From memory, the same thing happened at the recent 20p placing. A brief small rise above the issue price, followed by a series of small cuts eventually taking it well below 20p.

Good luck to anyone adding. But for me, given the subdued outlook statement & this company's track record for accurate forecasting & guidance, IQE is uninvestable right now.

*go and buy some more

Joseywales - so just before the results came out, you bought shares in a company you knew to be a basket case. Then when the results were every bit as bad as people imagined (indeed worse in most people's eyes), you can & buy some more.

Well, good luck with that strategy.