Member Info for lordloadsoflolly

Frits - I've no idea whether what you say about Nolupus is correct or not. And if truth be known, I doubt you do either. What's more, it doesn't bother me unduly either way. People are entitled to express their views, just as you are entitled to ignore them. That said, I'd argue it IS possible to have a nuanced view about any company. For example, you could be broadly supportive of their strategy, but critical of implementation. Also, you appear to contradict yourself by saying "His posts give the impression that he supports IMM", then adding "He has never had a positive word of support or encouragement for this company". That would be some Houdini-like linguistic achievement!

Lambo222 - it's "you're" not your. And I'm neither sad, old or lonely. But thanks for your concern.

Lambo222 - you do realise you've gone from "screaming buy" to "sell" to "long term hold" in the space of just 24 hours?

Woah-oh, the hokey cokey

Woah-oh, the hokey cokey

Woah-oh, the hokey cokey

Knees bent, arms stretched

Ra, ra, ra

Mrozzy - US markets closed today for Juneteenth Day (who knew?!)

Lambo222 - VERY odd you think "the market is too worried about a placing", given your top up this morning. As always, I followed your advice of 8.10am to the letter, as you promised an "easy 50% from here to be made today". Now I'm having to sell my right kidney before I can afford supper off Lidl's reduced shelf. IMM not impressed.

Knees bent, arms stretched

Ra, ra, ra

Fela96 - starting to get boring, so this'll be my last post on the subject. My point isn't that 5 years (or 30 years) is invalid. But that it's only part of the story. Look at 10 years for example and the picture totally changes. I find it odd - given your critical stance - that you say SMT remains one of your largest holdings. And your previous explanation (about liking many of the companies it holds) didn't really stack up for me. Perhaps you should sell SMT, buy a Nasdaq tracker with the proceeds & have done with it. Anyhow, good luck wherever you invest.

Mrozzy - TEK were in the driving seat when forming these companies. So TEK should have controlled the conditions of their IPOs. I very much doubt the price - even with this sale condition factored in - would have been anywhere near as low as it is now. Or that they'd have failed to get either capital raise away for the amount intended.

Fela96 - as I've said before, you can pick timeframes to suit any investment argument. By your own admission, 5 years is the "typical figure given ... as the MINIMUM investment horizon to hold stocks". Which is very different from suggesting you should compare & judge every share after 5 years. Sure, management style (& in SMT's case, managers themselves) may change over longer periods. But that doesn't make longer term comparisons any less fair. Quite the opposite in fact, as strong succession planning & consistency in investment strategy are important factors when judging any firm. The link you gave refers to BG's US Growth Trust rather than SMT. And it, too, asks for that fund's performance to be judged over five years OR MORE (my caps!) anyway. I'm not saying SMT's performance will necessarily improve. Or that trackers are a bad idea (though despite their generally modest fees, they're pretty much guaranteed not to outperform their benchmark). All I'm saying is that judging performance over a random 5 year (or 30 year) timeline isn't giving the full picture.

Lambo222 - I presume even you no longer take yourself seriously. At 08.10 today you wrote "just added some more - easy 50% from here to be made today". Less than 45 minutes later, you declare "Well this is painful, all that risk for no reward, maybe the market knows they need money, something not right" shortly followed by "Market worries about placing I guess is holding it back."

You put your right leg in

Your right leg out

In out, In out

You shake it all about

Quite. Elrico also seems to have conveniently "forgotten" the multiple times SOH grouped sales partners into estimated annual turnover bands. The highest of which was forecast to generate well over £1m annual sales per partner. Bears no relation to the TOTAL COMPANY sales reported ever since. And SOH advising against selling at 130p a share was hardly a great investor tip now, was it.

Whose target might that be exactly. And what's it based on.

Cm22 - you say “I don't get PIs desperate to get out of our portfolio investments as soon as possible.” Try comparing Bell & Lucyd’s share price at IPO with now. You’ll soon see why TEK should have taken some money off the table on flotation.

Last sentence of my previous post got cut off & should have read “Whereas over slightly longer periods (over 5 but less than 10 years), SMT generally outperforms the indices you mention (particularly once dividends are factored in).”

Fela96 - not sure why you always seem to choose a 5 year timeframe to judge any investment performance. It seems kinda arbitrary. And in the case of SMT, it paints the trust in a relatively bad light. Whereas over slightly longer periods (>5 but

Dontshootme - Everyone's risk profile & financial needs are different. So please regard what I'm about to say as my own views, which may not be suitable for your circumstances. Firstly, I can't comment on ATT as I don't hold it. PHI has lagged its benchmark over the past year, so I guess you could argue now's the time to get in. But then the question is, why has it recently underperformed and is this likely to continue? No-one can know for sure, but it would at least diversify your portfolio geographically. US Growth (USA) has done the opposite of PHI over the last few months. But its 3 & 5 year performance both look pretty poor. It also has some overlap with SMT, so you'd be concentrating your bets to an extent, which only adds to the risk. I'd also question the wisdom of entrusting too many holdings to any one outfit (be they Baillie Gifford or whoever). Maybe take a look at Fundsmith Equity, which - though medium-high risk IMHO - is a bit more of a steady Eddie than SMT. This has generally outperformed its benchmarks (albeit not since 2020). However, its 15.6% annualised return since launch in 2010 is certainly not to be sniffed at. And Terry Smith is generally well regarded, if a tad pompous at times!

Lambo222 - are you long again by any chance?

What happened to all those concerns you had just a few days ago?

In out, in out

Shake it all about

Dontshootme - yup, reasoned debate is what these boards are all about - or at least, they should be! I don't think "SMT could have purchased ARM as private equity", as it currently belongs to SoftBank. And they're planning to offload it via IPO. Moreover, a marketcap of $30-70bn is being mooted, so out of SMT's league. MRNA may have been a one hit wonder so far, but I doubt that'll be its epitaph. SMT has never marketed itself as a defensive play. It is, by its own admission, volatile & high risk. Its share price has largely been rangebound recently. But you could argue that was also the case between 2018 & 2020. Then look what happened.

Dontshootme - don't you think that might frighten the horses & damage SMT's "invest early & hold" reputation? Whatever one thinks, dumping some of their largest holdings ain't gonna happen anytime soon IMHO. I personally think ByteDance could be in trouble, as there's a danger the US (& possibly others) will impose increasiongly stringent sanctions. I don't think we've seen the last of Moderna's successes. So dumping that one would be a mistake in my view. As for ARM, surely that depends on its valuation at IPO? Having paid over the odds for several of its investments, SoftBank will be trying to recoup as much as possible here. That may work in their favour & against new investors: hTTps://www.ft.com/content/07ba197a-7953-4c08-a271-c1bf267ff533

Maidit308 - when it comes to IMM, you certainly let your imagination run riot: "we can only assume that this news coming is so huge that the BOD & NOMAD is putting a package together". We could just as well assume the FDA meeting has been delayed. Tim DID say dates were only approximate & subject to potential slippage. Or have you forgotten that in all your excitement? As for lambo, one can only assume he's long again. Woah-oh, the hokey cokey....

Baf3 - it's "top drawer" actually. And I think you're looking through rose-tinted Lucyds if you honestly believe that's what the CEO and management are.