Member Info for oldandtired

YngGun27, your reply says it all. The reason for my success in the stock market is that I always look at the downside of every investment as well as the upside. Unbridled optimism about any investment has bankrupted many people. My natural scepticism has helped me enormously in my investing career. There are many better prospects in the stock market than Scottish Mortgage once you factor in the risks here which are very large indeed.

YngGun27, you say that you are 35 years old. Quite simply, you are a baby when it comes to investment. I remember the bear market of 1974; that was a real bear market. I regard Scottish Mortgage as uninvestable at the moment. Far too many of its investments are still way too high. The level of gearing here is also at a dangerous level. I expect to see Scottish Mortgage at a much lower price than this in the next few months. It might be worth a punt then.

Anybody who thinks that Tesla is good value at the current share price shouldn't be investing in the stock market at all. Note that I am not talking about Tesla's business; I am talking about Tesla's share price which cannot be justified under any sane forecasts. Also Tesla has no moat around its business activities.

There has never been an investment trust this inappropriately named.

Given the track record and the prospects here, I don't think there should be a discount to nav at all. In a couple of years, I wouldn't be surprised to see these shares trading at a premium to nav.

Manfor, you are a total hypocrite. I see from your posting history that you are invested in Imperial, a tobacco company.

I am an investor. I have invested here to make money. Nobody should make investment decisions based on emotion. I know what it is to be dirt poor. Never again.

Manfor, the Russians will not sign any peace deal unless it includes an immediate end to all sanctions . They will not allow themselves to be put into a worse position than they were before the war.

Why would Russia sign a peace deal which leaves them in a worse position than before the war? Quite simply, they won't.

One of the conditions that the Russians would demand for signing a peace deal would be the immediate lifting of all sanctions.

If jrs was actually liquidated, it would only happen after a peace deal was signed and sanctions were lifted. There would then be a huge return for anybody who buys jrs shares now.

Only 2 minutes to hit your target of £2.85, Maverick.

Polymetal shares are trading at over 700p on Moscow stock exchange.

The Moscow stock exchange was closed on the Monday after the start of the war. So it had already fallen for two trading days before it was closed.

The published nav is artificially low because there is no real market for Russian shares right now. Most of the shares have been written down to effectively nothing. The last published nav when the Russian stock market was still open was 479p. When the Russian stock market reopens, a more realistic nav will be published.

There are two articles about cannabis. The one in the Sunday Times is very pessimistic about the prospects for the medical cannabis market in Britain. However, I have noticed that a poster on the advfn site is claiming that the article is good news for seed. Utterly delusional.

I have just bought more shares at 372p. The discount is now 31% which I regard as crazy given that I expect the nav to rise further at the next quarterly valuation. I didn't think that I would get the opportunity to top up at this level. Mr. Market is extremely depressed at the moment.

Disastrous update. I've had enough of this company's jam tomorrow promises. I'm out.

The shares shouldn't be at a discount at all. Given the very conservative valuation of their investments, a case could easily be made for the shares to trade at a premium to nav.

I think the reported nav is still far too high. There are a lot of unquoted investments which have yet to be written down to their true value , i.e. zero. I expect the share price to continue to fall.