Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Morning brigade. Another week ended another sag in the PF, except Anic continues a spate of encouraging news and investment in the new age of food production.
Just watched a video with a couple of managers from Monks trust run by Ballie Gifford.
Basically saying they look at investments with ambition to double in 5 years and pretty much ignore the ups and downs. They also underlined the fact that although their sp has trebled since the low of March 2020, don't expect that sort of performance ever again. The truth is since pre-pandemic the trust has actually gone up about 25% in last 2 years, which is pretty standard for a pure growth portfolio. So we are where we are and now back to a more normalised market with a few exceptions, Darktrace ( cybertechnology)being the most obvious. They had to drop the IPO to £2.50 to get it away, and now tearing away to over £9.00 in about 8 months. The thing that be me off was founder Michael Lynch, still with an extradition order from USA for the sale of Autonomy to HP under scrutiny. As far as I am concerned it should be buyer beware. They have armies of lawyers and accountants. The Americans are bad sports, they want everything their own way whether right or wrong. Certainly don't want a limey pulling one over on them.
So it looks like UK will continue to be cheap, remains to be seen if our lack of parity to value in other markets continues to drift, except of course when it comes to real estate. There have been howls of complaints about foreign buyers snapping up whole new housing estates, but the Tories of course can't see anything wrong with this until some of those barstewards become homeless one lives in hope, because that is the only way they will understand the shameful housing crisis in this country. 2,500 rough sleepers and several times that in sheltered accommodation. Do watch Help on channel 4. Jodi Comer (the Russian hit girl in EVE stars). Should get an Oscar in portrayal of Scouse carer. All the cast are brilliant in this story of how care homes were pretty much left to fend for themselves during the pandemic having had hospital covid patients literally dumped on them.
morning brigade. Marginally better news China not about to default on property after all which caused the big fall on Monday. Apparently they did think America was going to war with them after the storming of the White House, fearing there would be an end to democracy in the USA, which is almost hysterical. Thought they would have approved of that. Looks like energy crisis will be here for a while. Good old Boris seems see everything through rose tinted specs now. Hasn't he changed though. Beginning to sound like he could be Greta Thurnberg's dad. Unfortunately nothing Boris says rings true, not forgetting he was original a remainer. Never one to let an opportunity prevent a hand brake turn.
As far as stocks go absolutely anything could happen and as Murray Walker used to say 'it usually does!'
Morning all. NB.if a drop of 3% is your worst day ever your ding pretty well! Dow was down nearly 3% at one stage so your'e in good company. A lot of headwinds at the moment even for sparkling results. DKL who grow palm oil plantations in Cote D'Ivory and are about to start up cashew nut refining project released H1 result profits up 400% this morning, sp up .14p! to 4.9p. Gawd knows what they have to do to get back to 15p. Fortunately I'm showing a minuscule profit. Woould have invested a lot more , but this is a typical stock that upset the market a few years back and it takes a lot to regain trust in this game especially small companies
Afternoon. High NB. Expect a lot of us have been caught long. Not too fussed at the moment. just annoying that the fall is due to something completely out of our hands. However. Real estate is not immune either and I would say has created a pretty good bubble with low interest rates which are the main reason for high property prices. gl everyone
Morning all. Burying head in sand doesn't seem to be working, perhaps its because we mostly have pebble beaches! Lovely couple of days here on the Kent coast. NB just had a brief look at EUA. Looks like its in a similar area to ATM which is the only mining stock I currently hold based in Namibia, a fairly genial and welcoming government at the moment. Fortunately I bought below the recent placing price but tin seems to be the rising star this year because of batteries and electric cars. I got interested mainly thanks to reinvigoration of Cornish mines. Metals have taken a good battering recently although surprisingly perhaps Glen seems to be doing better than the other majors. Very hard to predict these markets. I've not done much but had reshuffle over the summer. Looks like selling my Japanese stocks was a bit of a mistake, but North Koreans measuring their success in how close they are getting their rockets to Japan doesn't fill me with confidence on top of all the other stuff. As I said there is no telling what the market favours next at the moment. Travel up because we are changing the traffic light system. Think it will take a lot more than that. Having said that have been surprised at the volatility of Saga . The ships are sailing at reduced capacity but insurance is their main business which the market seems to have forgotten. My biggest holding and still well in profit thank heavens as the majority of the rest of my stock with a couple of exceptions is going nowhere slowly. Have a great weekend all
Great. Our new foreign secretary......... on Have I got news for you talking about cheese and er pork: https://www.youtube.com/watch?v=0YxhIq6t6Fk. Might do well with the Chinese but not so good perhaps with France. The Americans probably won't even notice
Sounds wonderful V. Loved Red Dwarf at the time a typical BBC understated production with fabulous cast. Just seen a film set around Blackpool about two adopted brothers with Johnny Vegas as a 'non gender' landlord. Also Sean Locke who sadly died recently has one of his first ever shows currently broadcast on BBC '15 storeys. Always thought he was funny but this is one of those rare gems. Can't believe they waited for him to die to show it again.
On the share front Anic have another great announcement with Meatables on another partnership deal with a major Dutch international . N4P just announced that their trial with a major vaccine Pharma has been successful. Their nano technology allows transportation of vaccine without need for refrigeration and improves the quality of the vaccine infected into the body. And the share price has lifted about 1% in both cases. Unbelievable. I give up!
NB. Its always the hard one when to sell. It always seem to me the ones you sell go up and the ones we hang on to go down much of the time. I guess top slicing is one way to tray in the game , but I always feel that complicates the tax situation especially if you buy at different times and amounts. I believe it's done on a last purchase basis for tax purposes, thats if you sell the same amount.
More good news after the big cheese purchase announcement this morning. This afternoon one of ANIC's biggest holdings Bluelanu announced a letter of intent from Nomad foods to partner them in producing fish cell meat for captain Birdseye. I thought this might be a distraction but I guess if they can carry on getting their Tuna cell meat into production, then Nomad are going to presumably help them scale up ( if you pardon the pun unintended)!
Morning all. Nice to some faces returning if only temporary. Just returned from the Sturminster cheese festival. Some staggeringly great cheeses. Np doubt we make the best cheeses in the world. be it cow buffalo, goat or sheep's milk. I mention this because one of my larger holdings ANIC. an alternative protein investment company, have just announced a further investment investment in Formo. They domesticate microorganisms instead of cows to produce 'nature identical animal fat free food.' I.e they can make any cheese. It has been endorsed by a Michelin chef. Their initial investment in the company is up 225% similar to uplifts in other investments which is why their asset ratio is rather high, currently about +100% of nav. It has been as high as +600%. They still have about 50 million to invest from their raise earlier this year. Its quits volatile as you can imagine for an investment company, but is seen by some to be in a sector comparable to a future google, Microsoft. Amazon type market in very early stages. Actually products are rapidly getting to market now as the urgency to speed up the food production revolution is gaining momentum from Far East backers and the big corporate food companies who don't want to be left out. I don't consider this my riskiest investment but definitely the most ground breaking investment and holding well in current investment climate
A pant would have been funny too, but I meant plant. He has given up chewing smalls thank heavens, and it was mostly socks in his defence officer.
Morning all 3/4 of us. T. I see what you mean about depleted troops. We've fitted the entire week on one page! just abut some up the anaemic ftse 100. Asia, up even the Hang Seng is up. We're off to a cheese festival at Sturminster Newton this weekend. Amazingly 'dogs allowed.' Smokey was in the doghouse yesterday. He ripped out a pant in the border. Hasn't done that for a while, came to me for protection from a rather irate gardener, and then spent the rest of of the evening hiding under the bed. He is a fairly large dog, so it is very funny especially considering his breeds!
Hope we see some positive action today from the market.Getting tedious to say the least. Gl all and have a great weekend
T. Funnily enough he is actually French and has a French passport! Came from a rescue home. Perhaps we could get dual nationality on the strength of that. His owner apparently got terminally ill and was going to have all his pets put down. We got a video of Smokies brother who ended up in Guernsey who was eventually put down due to his aggressive nature. They were an interesting cross of American Staff, Rockvieller, Boxer and Argentinian Drogo. Three dangerous breeds right there. As soft as putty but can turn very aggressive with other dogs so we have to be very careful. Tremendously protective and doesn't like either one of us going off without the other.
I guess its not much of a traders market at the moment unless specifically looking for takeover targets. I'm mostly trying to build a portfolio that is full of potential, innovation and soundly financed, although having to convince myself at times that thats what I've got!
Morning all. Love the daily round up of the troops T. Much appreciated. V I prefer the racing terminology of 'buy back on St Leger day', seems more appropriate. Although I've no idea when it actually is having lost touch with the gee gees. Gentleman place your bets for the oncoming winter and Christmas. Christmas could be very dodgy this year in Stockmarket terms I think.
T. Smokes absolutely loves a trip in the camper. He settles well for long drives. Appreciates not being left behind. This weekend he is. Being looked after for the first time by my son. He said 'dad he'll be twice the size when you can back,' referring to his partners adoration for the dog. He is masterful at the 'I'll be you best friend forever if you give me some of what you're eating' look.
As far as the markets go I am feeling completely out of sync. Too much of the market's got this wrong, particularly about stock I don't own going up. Always a dangerous opinion! Gl all.
and back in the room. Yes NB LSE! why would anyone pay for it? Actually its not bad when it works.
Juspent a couple of days camped up at the John Radclffe to see a partner's poorly relative in Oxford. Fortunately made a miraculous recovery for now. Forgotten how beautiful the Oxfordshire countryside can be. Took the dog for a stroll down to the river side. Back to more good results and share falls. ANIC though made a surprising and quick recovery. This supply chain thingy is going to use a bit of a conundrum. M&S already warning of food shortages, not that I shop there, perhaps its their prices that are a bit unreal as well. Lidl claim they are 30% cheaper than Sainsbury over all. I can concur. Not quite the variety but they do an excellent Italian Puglia for £4.99 which makes up a big part of our diet. £9.99 in Waitrose for a very similar wine but with organic on the label. Didn't know they did organic in Southern Italy!
T. I think the lesson gets repeated over and over, don't bother trying to apply any logic to markets. Even the Dow seems to carry on upward defying logic and pundits.There is a very different force at work!
Morning all. Japan seems to be the only index making real headway. Up another 2% and 20% up on recent lows. Maybe celebrating the resignation of their P.M. after only a year in office. Surprising also because of the severe reduction in automobile production, the chip shortage, the poor vaccination program and the unattended Olympics. We have a lot of catching up to do!
What is strange to me at any rate is the number of leisure and restaurant businesses trading at higher sp's than precovid. The market seems to ignore how diluted some of them have become never mind that they aren't even trading very well. Yet businesses that have strong balance sheets have not needed any government assistance, have record order books and double digit growth get hammered.
NB. probably trying to be a bit too clever trying to think outside the box, which is more of a paper bag really! I look for recent director investment and institutional holdings with interviews on places like PI world. Some of these companies will rearrange how we do business in future, particularly house buying, remortgaging, and other businesses that banks used to do but were so bad at. May take a few more years for them to break into the big league. Some of the old guard like banks , oils, telecoms and utilities have been pretty poor long 20 year investments and would have been tenfold better invested in property. On the other hand some of the newer businesses have multi bag potential and will be disruptive to old businesses. Higher risks and some will fail all together no doubt, but we are in an ever accelerating world of change and development.
Just saw CMC 'trading well' statement on Friday. Talk about misleading the market!
Always something wrong with this site T. Was going to say the same as you. Big falls in trading platforms rather sums up lack of trading activity , while companies which actually produce or sell stuff are showing increasing business activity not currently reflected in their share price on the whole. Metals have been down partly due to Chinese games. Nikkei is gaining momentum still. Bit low on funds unfortunately.
Morning Brigade. Another dull day on the Kent coast. Better than what they have been experiencing in New York with Ida. Wonder if Trump still really believes climate change is a myth.
Had good results from Ispired Energy today and Cetralinic last week, about the two best stars in my other rather deflating portfolio.