...some 30% below asset value which strikes me as high for an IT which has only a largish % in private equity. I would think 18-22% discount would be high enough. I had this in my portfolio for a while a long time ago. Now I am in my 70s it is attracting me again because I cannot see it falling much and will not give me sleepless nights.
RE: Cheap for a gas play of this size22 Jul 2021 13:22
I 2 am not an Analyst! butI feel exactly as you do, and I have been playing the market for nearly 50 years now. i am just hanging in here. No more 'top ups'. I have taken funds out of this market which I believe is very volatile anyway and likely to fall further but none of it is going in here. Whatever you decide, hope it works out. I personally think this will given time.
I am in here to as LTH. I have just taken a deep breath and sold two in my LT portfolio, a loser and a winner and have a bit more coming in cash from a takeover just because everything you say is right, Bananaman, but this move on the FT now shows as a full-on Bear market. I am going to sit with 10% cash and some 40% inflation-proofed for a while. May even pick up some more LGEN for £2 or less!
Market is so ****ty that I have decided to get cash by selling a winner and a loser, ready to go in to something lower down. This was the loser! Too bad but I reckon some cash is a wise move for the next few weeks.