Morning all. V reporting of chargeable gains in 40 days sounds a bit strange as its always been about chargeable gains or losses over all in any given tax year. Also you an offset any losses accrued from previous tax years , its never going to work unless they just decide to charge tax on any gain regardless above the tax allowance level of £12,500. Anythings possible with these idiots
Hi Nick. I weakened and bought small top ups in Saga and IGP (unique cyber security). They both dropped at the close. On the other hand Cnic (web builder and data collector), DKL (palm oil and cashew nuts)and Atm (tin miner) all improving today. Diversification!
Hi all. Quite relieved to be back on sons' house maintenance duty this week to be honest. Apparently its the big guns macronomic retail reporting week. China reassures on Evergrande, but nobody knows whether to believe them and Japan shrug off N.Koreas latest super hypersonic test landing in their waters. Thunderbirds are go. I'm inclined to hang on to the little cash I have left although a lot of temptation out there at the moment, so could easily weaken! GL all
Hope we are enjoying a bit of bleu in a portfolios today. The Mitterand swimming pools were the limit . So named because so many farmers and wine growers used agricultural subsidies to build swimming pools. I know of at least one in the uk but in France it became a kind of bad joke. Its that kind of obscenity and arrogance that made many in the uk especially British Farmers question the use of agricultural grants. The Eu fishing policy is even more of a disgrace. Thats one of the reasons that I am so keen and hopeful abut ANIC and the food production revolution. Its really has to succeed for all our sakes
NB. I was a retainer too. There was noway this Brexit was going to be amiable and of course the French have now kicked off threatening blockades 'while their petrol shortage staff shortage, energy crisis and supply chains are all causing havoc' tres Jolie little Frenchman. We don't need your overpriced wine and champagne we can buy better, cheaper elsewhere. We make the best cheeses in the world, so stick your smelly camembert where the sun don't shine. Enjoying lovely cod. bream and sea bass from caught in British waters by British Fishermen. Up the ramparts!
Morning troopers. V after a weak summer we are now facing up to the failings of Brexit, like a plan. So we are now facing supply issues, unlocking lockdown, energy spike, and inflation. Cant blame that all on Brexit obviously but the combination is pulling the numbers down on trading unsurprisingly. My PF not looking too clever over all just a few in positive territory, some even with dividends. Felixstowe I see is jammed up, but the situation is improving since they diverted ships to other ports. The issue is lack of lorry drivers . Cant see why that would be better at other ports, I suppose it just means ships can unload until they are jammed up too. What a mess. GL all
Hi all. So long as I have something going north I guess I shouldn't complain. Some in explicable moves . I suppose still low volumes and poor sentiment to blame. Anic still on an upward trend with the announcement of somebody exercising their warrants @28.5p when the share price is still only 27.4p. Like the look of Made.com, Could be the new Habitat. Floated at £2.00 now £1.35. Supply chain problems. A fund manager thought JP Morgan had handled the IPO badly @ £800 million cap now only £500 million. Keeping an eye on that. So many bargains that keep getting a better bargain the next day. Hard to see when the market will turn. Maybe not this year. Gl.
Morning Briggerdoons. Surprised t see the market actually up just. Asia mostly up and Shanghai only slightly down (0.01%) after some pretty terrible news of floods again. A couple of my stocks reporting today. Agentex revenue up 33%, SP down! Unbelievable. Have come to the conclusion the retail industry is being hit by all their lock down customers now taking their over purchasing to the charity shops who are booming again now they are open for business. GL all
Morning all. Japan up over 1% despite earthquake 5.2. Nobody killed thank heavens, but train derailment injurs 32 passengers. USA paired back gains last night while pay roll news eagerly awaited.
Hi all. Was going to say some of the headwinds seem to addressed. Americamns are going to print more money, Evergrande the massive Chinese real estate company seems to have been rescued by private equity or the state. Putin trying to rescue the west by turning the gas up. How weird is that. SO the Dow flying again. See what the payroll does to it tomorrow. Strangely one of my best performing shares is Anic which makes no money at all and has nav of about 3 times assets. Well done on GGP V.no telling what the Aussies get upto with their gold. The end of the 39th week of the year tomorrow or is It 40th. Anyway Tempus Fugit
Morning Brigade. Sunny and windy here. Yes NB I was trying to be positive about TSCO through gritted teeth. Now its jumped I can say what I really think. Accounts scandal, resignations, dodgy wine with dodgy labels, outrageous entrapment contracts for suppliers who had to buy back their own goods at retail prices if they didn't sell, bullied staff etc. Apparently this is old history. I suppose mostly it is a matter of geography for most people as to which suermarket they use. Governments love them because outside the NHS they are the biggest employers and collector of taxes and NI. The influence they have over them though I feel is very unhealthy. Fortunately we have loads of independent stores and farm shops as well as Lidel and Aldi who if you believe the adverts cost about 30% less to shop at. We have been ripped for years by British supermarkets who have been paying nice fat 5% dividends to their shareholders until the wheels started to fall off and they got some real competition and had to stop their nasty business practices with their suppliers. So they have had a surprise uplift in trade. What a surprise. I wouldn't trust them as far as I would like to kick them. Apart from that a very solid investment!
TSCO is everybody's favourite share. Don't know why its lagged the others. its a no brainer according to Jim Mellon. I obviously haven't got one cos I'm not in it/ Have been in the past and made me some money. I'd call it a defensive . I don't like supermarkets so I don't invest in them or shop in them as much as possible
Morning B. (Sharecast News) - London stocks were set to rise at the open on Tuesday despite negative sessions on Wall Street and in Asia after rampant bull run, possible debt default and interest rate rise caused a 1.3% drop. Golly, panic, fear end of world etc etc . Indeed incredibly we are up 30 points. One thing you cant accuse the FTSE of is being rampant or having had a bull run. A limp recovery still over 10% shy of its all time post Brexit high, and this with some pretty decent results from many companies claiming to be trading at aor above pre-pandemic . New car sales have slumped suddenly to worst for 15 years or decades. Thats possibly because many of then have a rather reduced performance with no semi conductors being available. The second hand car market unsurprisingly has been moving strongly.
Thanks NB. Wouldn't mind the salary not sure I can eeeeerrr manage the eeeeeerrr extended slurs and paussssses!
Good morning Brigade. Looks like it going to be one page for a fortnight soon. Got a feeling someone has posted but its not come up on the bb as of yet, probably like mine. So whats to report.
A cracking IPO from Oxford Nano Technology under the circumstances at around £4.5 billion a company heavily backed by the Chinese making all minds of DNA sequencing equipment that has apparently been in much demand all round the world tracking COVID.
Johnson finally admits that all our current troubles are because of Brexit. Shame he was the last one to realise that. Chinese property company also weighing heavily on markets. Stockopedia guy says stick with cash. Unfortunately for him he has been ramping up Boo all year which is his biggest pf holding , some 15% I believe, and is now shorting the market. In my experience what looks obvious in the market rarely happens. Its when everything looks like a bed of roses we get crashes. I can see things continuing to drift a bit, but hope Johnson is actually right in some respects that the economy is unfurling no thanks to him. Its been painful for many but fundamentally the economy appears to be sound. Evergrande may have a backer, otherwise that will cause a bit of a shockwave. UK to have every household's electricity powered by wind turbines by 2030! Lots of really encouraging things on the horizon amongst some short term gloom. Take care
N4p back to where it started the day. Good day trade I suppose for 15%. I doubt you could sell gold for a pound an ounce in this market. Even Japan's slumped back well under the 30s. Expect brigaders are sensibly hibernating for the winter now.
Morning another weekend looms> Welcome N4P to the rescue. Europe wide patent in the bag along with Aus and Japan. USA in the process. Also in the process of eradicating all my losses in Heiq! Not really winning is it! But hoping N4p will be the big one. Currently their Nuvec product being trialled by various big pharmas to enhance their vaccines and eradicate storage and transport temperature issues will get licensed end of this year or early next.
Inflation and supply chain are the latest challenge so despite the government saying they are not responsible for anything, in which case they should resign, they are very chirpy about the economy being robust if you can get any staff to run your business or buy any petrol to get to work or deliver anything. Maybe a few more people will have got jobs now their extended furlough has ended. Don't get me wrong , it was very much needed, but it was extremely generous for some who clearly didn't need as much as they got and very unfair to some who clearly did need it and didn't get anything.
Thanks guys . It wasn't the quickest escape partly because I waited to see the presentation in case it was an over reaction (it wasn't and then forgot my password as I hadn't traded for a while! ) Any way got out which was a relief and surprised how liquid the shares were for a small cap. Apparently because they took over a small company which ceased trading with no debt and changed the name it saved all a new listing would have cost and makes trading the stock easier for some reason.
Anyway fully reinvested in my next disaster! Actually topped up on other stock I already own as I can't find anything new that looks any less risky. I suppose Tesco would be sensible. OCDO and Amazon are a Nono apparently. Boo have no debt, but they have spent most of their cash I think on acquisitions and will probably have to spend a lot more to keep going and invest in future. Could get worse before it gets better I'm afraid. Got out of that a while back when funds managers were doing a tactical withdrawal in the summer. I suppose the sensible thing is to wait till next year to see how this all pans out. Its the hardest thing for an investor to sit on hands, especially if sitting on cash too. Take care
Hi all . Disaster struck yesterday in the form of a badly disguised profit warning from Heiq. Such a shame with a promising portfolio of acquisitions but management are young and very naive. Fortunately I bit the bullet and dumped on the news and it just keeps dropping, so nursing a considerable loss which would have been bigger today and probably tomorrows well. Fortunate also to be well diversified , so long as I don't get any more of those. The market does seem to be a bit twitchy so surprised by the rise today after the fall on WS yesterday. Haven't checked on it today yet as been on an outing so presumable bounced back. Hope everyone ok. GL
Hi all. S just bought my fist bit of Accoya to repair door frame in my son's house. £10 per ft for 4 x2! sawn. If it lasts 50 years + will be well chuffed but probably won't be around to see.
N. I think 8% is pretty standard average gain, although there are tests like Majedie that have halved over 20 years. T and Myself have tried level 2 and also have momentum scores on Stockopedia, none of which has had any noticeable bearing on sp direction Imo. Just the obvious finding the right stock obviously after extensive research , diversification and managing the risk , some of which are outside company control is mainly what I try to do.