Member Info for MattTheBrave

I wonder if this really illustrates the difference between an operator like IG who hedges all net positions, and Plus who doesn't. Whilst we know that more often than not, Plus benefits from not paying for the hedge, it does leave it very exposed to 'gapping' markets. I wonder whether they just couldn't resist 'pausing' when they feared a big loss. If this is what is shown to have happened now, and historically, I think you can expect a big fine along with reparations (it's not just the individual from my understanding, but is now a class action representing many). Could also spell an end to Plus's strategy of not hedging..........?

Thanks Opt - Re IG, I don't trade during auction periods. I only really use it to hedge my long equity portfolios elsewhere by shorting various indices when they get a bit hot. I did use it for crypto but now only invest in stable coins through Youhodler (earning 12% in dollars paid weekly).
Yep, Darktrace is a roller coaster of a ride, but still a nice profit as I started buying at 330p. At 950p I was thinking about selling some, but ended up adding at 730 on the big falls. Original shareholders lock-in ended today, so there is some risk of more supply, but longer term story remains intact l think.

Hi Phoebus - in the interim report to end June 2021, the stated NAV was 80p per share. Can you confirm that this consistent with your assertion that it currently sits above £2? Thanks.

When is the vote by the way?

Thanks Botak. It's an addition to the share capital of 1.4%, so relatively small effect on the NAV, but agree it would be significant from a trading point of view (around 12 days average volume). However, we don't know these people are selling, and given where the price is vs NAV, and presumably, the faith they have in their own skills and business model, I'd be surprised if they were selling? That said, the price suggests that someone is!

...and a nice 3% bounce today, so back up above Monday's close! Hurrah!

* 'up' about 5% here

I've certainly done well on the LLoyds I bought in the 20s and early 30s. Unfortunately, I also bought some in the 60s!! Overall, I'm about 5% here - not too special!

finished down 1.5% - seems about right to me!

Figs today were good, and special divvy being paid as well. However, market disappointed by flat Op profit outlook but it appears this has more to do with strong investment in the business (important for software company) rather than disappointing sales. Of course we might see further moves down in the price from here as stale bulls exit, but stock looks well placed from a longer term perspective.

Yes, lots of investment trusts trade at a discount, particularly opaque PE trusts like the one you have given as an example. However, many trusts trade at a premium where the assets are deemed to be extremely attractive, difficult to source, or management expertise is expected to add value significantly above a market-driven NAV. An example of the first is all of the renewable power inv trusts in the UK. I believe that KR1 could easily be classed in both categories, and hence I see no reason why the discount should necessarily perpetuate.

:-o

This could be the shortest FTSE 100 membership ever....;-)

Hi Dubs (post from Saturday PM). I think you'll find this stock more of a white knuckle ride than Ashtead ever was, but hopefully a similar result over the long term!!).

Certainly an impressive journey through the 250 to the 100. However, whilst this might well create some extra buying, most of the institutional money invested passively (ie index-tracking) in UK actually tracks the FTSE ALL share rather than the FTSE 100, so I wouldn't expect an tsunami of buying from this group given that DT has been in this index for some time.

Let's see. The discount to NAV already reflects much of this I think. The thing you have to remember about the current structure of housing vulnerable people through private properties is that it is half the costs of keeping them housed within NHS facilities which is what happened previously. In addition, their remains a chronic shortage of appropriate housing in this area. For these two reasons, it is highly unlikely that the UK govt will want to rip up the current structure, though tweaks are of course possible.

Well if that was my first investment in this stock, I'd agree with you. Not so unfortunately! My average purchase price here is 3.44, so above yours (well done!), and a bit of a way to go before I'm up :-((. Ho-Hum!

Just to be clear, 27th means the VC investors have the right to sell, but are not obligated to do so. However, were know that there has been appetite for them to sell, and we generally see the stock price draw down some 20% as a consequence (albeit to then bounce back strongly). I would be quite happy to sell a few around the £10 mark tomorrow on this basis, but let's see!

Agree with all of this to some extent, but in line with most rental contracts in the UK, we should expect that AEW is getting RPI linked rental cash flows. On this basis, we should expect RPI linked dividends. It makes a huge difference to how a REIT is valued whether the divi is fixed, versus whether it's inflation-linked!

...so my qualification is the CFA, not Diploma for Financial Advisers (DipFA). CFA much harder, obvs.......;-)