RE: Down less than 4p...17 Dec 2020 15:03
Someone said there that the FTSE has hardly moved in the last 20 years... That's wrong, its actually lower than it was 20 years at the turn of the millennium... it's pretty poor to be honest... and yet solid companies that deliver good profits are still on very low P/E ratios - many times lower than companies in other countries... Also, a lot of shares are well below NAV. Take for example Barclays - NAV is £2.57 and its trading at £1.47. Unbelieveable. Am I the only one who believes virtually every share is below its fair value in the UK. My portfolio is VOD, Aviva, Barclays, Natwest, Lloyds, Microfocus, BP, BT, AIB, Bank of Ireland, Marks and Spencer... I don't buy over-inflated US shares - far too risky and far too overvalued.