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Morning brigade. T I did buy OCDO . I think I mentioned I never make money on them, except possibly once. Fortunately I was not slow on the ejector button @£10.30. Made a negligible loss on them and a small profit on ONT but very quickly redeploying funds into CNIC now my largest holding by a considerable amount. They released another staggering up grade today as the sp creeps up. At least in the right direction. If a company growing revenue at over 50% can't please the market much, what can? I think I mentioned also the wisdom or lack of it I going 'large' on one stock. Diversification has been more of a hinderance for me this year than backing my convictions . Its hard to get it right. I suppose the case for diversification is stronger in a rising market, but if you can pick winners in a weak market it stands to reason it should work better. Its that stupid expression about picking the right stock which analysts like to say but never do! Investment trusts have all performed appallingly apart from Merchants Trust which is back to where it was some years ago. GL everyone
looks like I was wrong about OCDO. Interestingly for BEG's performance the insolvency side of the business has not so far contributed as much as expected to its success. In away thats a good thing, but that may not be the case later in this year. Ftse down over 2%. Every commentator I read says stay away from retail. Time to get in? Trouble is I can only sift shares at the moment as I'm really on emergency rations only to be deployed as a last resort.
Good morning. T I am sort of proud if a little curious. As he walked out on grand ma and of course my dad and his siblings, understandably he was never discussed other than he had gone 'missing' in Paris during the second world war when serving as an army Chaplin. Turns out he was run over on his bicycle on his way back from a pub one night some years before I was born. Unfortunately I'm not even entitled to an Irish passport since his qualification for Ireland was playing for Dublin Uni and Lansdowne. Sadly it seems like so many he had mental health issues. So a bit sad, but clearly quite an achiever as well in some respects.
OCDO up today as is BEG which I do currently hold if a little aggrieved at the surprise sp drop whilst buying bucket loads of shares at the depressed price for various employee schemes and then miraculously reporting well ahead of expectations today. Anyway grateful for small mercies in this increasingly dire market on a damp spring day.
I did get my first dip in the sea yesterday trying to tempt Smokey in for a paddle. He just barked at the waters edge and ran back 20 metres every time a wave rolled in. He's got webbed feet! Have to get him some arm bands. Could be amusing
Afternoon all. T Cant say I've been following club rugby as much theses days. I very much enjoyed my trip with my sons and our partners to Brentford. Great match. Not even seen my son play this season, although I suspect he may have retired without wanting to admit. Far exceeded my playing ability although my grandfather did get a couple of caps for Ireland when the ball was made of leather! He had some truly great moments playing inside centre between ex Fiji captain and Welsh winger Robinson . Both in their forties at the time and still hard to stay with. Little actually told him he had never enjoyed playing rugby so much as playing club rugby.
N . Fear of missing out keeps me in. Fundamentals are still good for many companies, just sentiment dragging us down. Fascinating watching the whole DARK/ Lynch fiasco unfold. Ok so DARK is not Autonomy, but the history is certainly not helping and ultimately stopped me and presumably much bigger investors. Obviously that association is going to be hard to get rid of.
9% inflation is not good news but expecting it to peak soon. Impossible to predict with any surety. As is Putin. I do remember at the start commentators saying Russia was only 2% o global economy. Bloody big 2%! GL
Morning all. Good to hear from you. sorry to hear about your heart issues Nez. Hopefully the better weather will help a bit too. Dont think I've felt warm since about last august! For most of us fully invested not a lot to do other than a bit of weeding. Irrational share prices can be tempting but not necessarily a good reason to invest. Having said that, its exactly what I've done! Only in companies I think I know pretty well. Friday again, happy weekend.
Morning T. Not surprised that people are ignoring the market, it has just got absurd, pointless. I suppose there is nobody buying anything a the moment. At the same time it seems odd to be selling unless forced to. GDP at standstill for 3 months all of a sudden. Anyway cracking weather. Summer has arrived. GL all.
T. That reminds me of the old joke about how to make a small fortune in the restaurant business. Start with a large one! Now seems to apply to tech stock too
Morning all. Gloomy all round still. Unusually for me all the shares I used to own are well down as well as most of the ones I still own! Korea is a worry as well as China. Almost seems like Russia/Ukraine is now taken into account. Our main hope seems to be keeping wage inflation under control in the hope that cost inflations stabilise and return to norm after rate hikes. Just discovered we can buy a residents pass for our toll road between Sandwich and Deal, which is a huge short cut as well as having a private beach where we can take the Smokes for uninhibited beach rambles on a particularly lovely stretch of coast up to Pegwell Bay. A daily pass is now £8! But an annual pass is £90 which also provides us with a very useful back route to local gigs.
The only share that tempts me at the moment is ADF who make film sets for Netflix amongst others. Floated at 50p late last year, has been up to 80p, but currently only 59p. Have a feeling we are in for a very slow summer! GL
Hi C. Looks like fundraising is going to be needed for a host of reason for sometime to come. When I look at the FTSE it often perplexes me how high it appears to be in relation to many of its constituents, telecoms, software, builders, finance and especially investment trusts. The numbers make no sense to me at all and as I always comment that after 10% annual ejections and promotions even less sense. The only thing I find slightly uncomfortable about todays market is running out of cash when there are so many bargains to be had! I would never consider leveraging. I remember how hard it was to consider investing in the oil majors when they could'nt give their oil away last year. I suppose the equivalent today are retailers and companies like OCDO who look to be 'completely out of fashion.' Retailers are obviously having a tough time, but for OCDO I would have thought their future must still be on an upward trajectory. Simply nobody wants make substantial investment with so many other priorities surfacing. I have shuffled my PF a bit. Time will tell if I have derived much benefit in doing so. Certainly in recent weeks it looks like maybe I should have made more changes, but I think thats only a short term view probably. Enjoy the arrival of better weather and have a great weekend
Morning . ITS FRIDAY! This has to stop. We had a phenomenal Ukraine concert raising well over 6k beyond the organisers wildest dreams. It all goes towards medical equipment. Awful to hear about all these conmen stealing charity sites to con the public yesterday. Thats why I would never do it by phone or online.
I was going ay tin hats today, but then I see Japan went against the grain in Asia and actually finished marginally higher while the wider Asian market followed USA and tanked. I am surprised mostly because I thought the market was well informed on inflation figures so its not exactly a surprise. GL all thank heaves we have made to our little island of the weekend for some respite! How to see how stocks could get much lower, but I expect they will. Its the FTSE that needs deflating . Cant understand how it can possibly be over 7500 except for Shell and BP. Feels like around 5500 at best. GL all
Morning all. T yes the big pending rate hike in the USA is putting the brakes on. I would have thought Boo must have a substantial cash balance still although they did splash out on a lot of bankrupt companies like Debenhams which may not have been the best move with online out of fashion (pardon the pun). Got out of ONT in the nick of time. Mind you can say that about anything you sell at the moment. Everything looks cheap and just keeps getting cheaper. Suspect with the way things are selling in May will prove to be a good call, although last May would have been better!. What are the chances of the war suddenly ending, the supply chain problems ending , energy crisis ending, inflation ending etc. A pile of negatives which if reversed could see a significant bounce out of the blue. Not being wishful thinking but it is the opposite end of the risk factor to consider. I've put a lot of faith and money into CNIC who having had 35% organic growth last years results have upped to 51% in the first 3 months, yet the Sp is still 15% shy of its high in November. That pretty much sums up the difficulty in the market right now for even a very successful company
T. Yes good point last day for dog walking on the beach here too.
Gooday! Is Barrybados where Rob Brydon sang Islands in the sun with Tom Jones.Still brings a tear to the eye.
Could well be right on OCDO. I notice them others have had a 'curious' amount of BOT trading in last few days.
Afternoon all Thanks T it does feel quite an achievement. I have wasted quite a bit along the way, but its so easy looking back. I thoroughly weeded the PF this morning (maybe not ruthlessly enough) taking advantage of small rises on recent purchases and mostly ploughed it all into my already sizeable holdings in Afritin (tin in Africa!, lithium) and Centralnic (Web and domain builder). Seem to have picked up a bug just before our gig on Monday for Ukraine, so will be a little less rehearsed. I prefer it that way to be honest. Hope everyone is keeping ok. Very difficult times. GL
Morning all. Agree T. I think you need to hold your nerve and think long and hard why you like a stock. It takes some beef to stick with sometimes. SWG has been the perfect example for me . I followed the directors, indeed I spoke to them on several occasions. They assured me my despair was theirs too on a much bigger scale, but only at the sp down 70% at one stage. The business has always been sound.They told me it was not just their pride but their money at stake. Bless they came good today with pretty decent results althought the market is still its begrudging self. Anyhow somehow my ISA is back in profit just. Probably not for long! USA was a bit of a basket case last night but Asia seem to have shrugged it off as has the UK this morning. Truss seems to taken off as mad ***** and upping the anti. Good for her. Kind of hope she gets more support.
Yep T right on 2 counts NB. It was good to take the losses and we pipped you to the first post of the day just before close in the afternoon! What are we going to see tomorrow? I was think I need to to take a more vigorous approach to chopping some shares. Trouble is as soon as I do that the ones I sell take off and the ones I hold drop or stagnate. Something like that.
Trouble is in this market its quite hard to sell some holdings. Really surprised how some have held since I sold. But the spreads have widened considerably . Will be watching CMCX and SCS tomorrow. MKS and OCDOI dropped7% today. Usually one goes up while he other goes down. Bad grocery numbers. ABF was a surprise. Of course prices go up, like fuel. But we still need knickers and petrol. Not that I get either from ABF. Think I need to concentrate on my main shares, CNIC, ATM and a few others. Diversification is not working for me. The idea of having too many in one stock is no different from holding 10 different shares all doing badly.
I Never make money out of OCDO. SO yesterday was a blessing not being around to buy at £10. Seems in freefall at the moment . On the plus side Cnic appeared to have satisfied their seller and f offed. ATM bounced well on good mining news. Elsewhere everything looks pretty fragile with USA sinking again.
Afternoon. Got stuck into some plumbing this morning so missed a great OCDO op to top up, but now gone passed my purchase price on Friday. USA making a weak recovery after fulling further at the open. Have purchased some ONT as these are quite a bit down on IPO now. CNIC reported full year well in excess of recently upgraded earnings now back below the heavily discounted placing sp to buy the German version of Which already generating shed loads of cash. Wish I'd stuck to my own advise at Christmas not to buy again till the spring. On he other hand would I have had I be buying or dithering now. Crazy market! One buy left in the can, better be a good one! gl
Thanks T. Have an eye on them too. Finally done it bought a small stake in OCDO, just the 10 million for now lol
On parade! Good morning. It can't be Friday. This has to be the quickest week gone yet. No I havn't bought any OCDO, but the temptation is stronger than ever. Spoilt for choice, but everything gets cheaper as we approach 'go away in May,' Hawkish fed should blunt the end to another lack lustre week. GL all