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DJ. Yes the great tax swindle. You need a form which you can find online I guess. Should make a list of foreign dividend companies. Also capital gains tax exemption could apply. IAG, Spanish tax rules apply. Ferexpo, Swiss Tax rules apply. Seems to depend on where the headquarters are based and in which country they opt to pay tax. Its quite ridiculous. I think its more trouble than its worth to be honest, except in the case of Ferrexpo I think I lost over 35% of £400!
Seems my last post didn't make it. Well done NB and others on GGP. Basically I said when the market moves you have to react to it, having said I wouldn't buy till the Spring. So I bought back Saga just below my sell price as well as a few other things. Still a bit in the tank for New Year dip.
DJ. Well advised not to invest in areas you are not sure about. For me its about diversification rather than bravery. There are a whole load of extra risks to factor in investing abroad, currency, geopolitics etc. It also presents unique possibilities. Japan have had a torrid time since the 1980's, but since 2000 they have been a steady rise, largely to do with robotics and Ai, but because of that other areas of business have rebounded too. I only invest in Japanese investment trusts who generally have some Japanese management too. Investing abroad does require careful investigation and its taken me a long time to consider. There are also many uk listings that are basically foreign companies. That is because the London Stock exchange is still one of the leading global houses. I'm probably about 15% invested abroad but all on uk stock exchange including exposure to South Africa , Namibia, Israel, USA, Holland, and Japan. Even considered a JP Morgan trust in Russia JRS which has just settled back to the price I first looked at in the spring. Wont be doing that one though, that is an unnecessary risk for my liking
I've taken a few positions in Japan Trusts again for the first time since the summer. The market here doesn't seem to have caught up with The Nikkei rebound so hoping for some advantageous NAV values later on. I'm all for optimism too T! Nothing to gain without risk
Thats a pretty sound take T. I would agree totally with you synopsis. GL all
Morning all. Looks like a rally is on the cards. Asia has rebounded strongly. Stockopedia guy is ranting about buying first thing and taking leveraged positions. USA rebounded strongly apparently, by which he means it was only down 400 points recovering from being 700 down at one stage. I think he's taken leave of his senses and not what I would expect from a supposedly professional viewpoint. The herd will follow and fingers will get burned and Stockopedia putting up their prices next year. Best of luck with that.
The good news is Omicron doesn't appear to have increased and deaths reported were 44 if correctly reported yesterday. I do wonder how accurate the numbers reported abroad are compared to the UK. I think it it is important to look at the annual reported deaths over the years in each country to get a better picture of what is actually happening.
The other important thing to remember that seems to have escaped Paul this morning is the number of increased profit warnings that he has been reporting on himself. Omicron is far from the only factor in market turmoil. It will however be good ro see some sort of relief bounce, GL
I did a Christmas morning bake for six years when I had my mcro bakery running. Actually I very much enjoyed that. After baking stuff for the restaurant, in went the turkey and we all went down the pub with our goods for a beer. Quite miss that! Not quite meals on wheels. Speaking of MCRO, just noticed big director purchase, should put a smile on T's face.
Good to hear M on both fronts. We used to have an 'act local, think global' mantra 20 years ago. Its got to happen with all this trade war nonsense, never mind carbon foot print. Horrible to hear about this octopus farm idea in Spain when we are so close to bringing lab grown sea food to market next year from Bluenalu. Its actually Tuna they grow now, but any species of fish meat will eventually be possible.
Bag luck M. Hope he makes a speedy recovery. The futse made some kind of recovery, so not as bad as it might have been. Dow still flailing around another 1.5% drop. Be interesting to see how that goes later. Different forces at work here so difficult to say which is the biggest drag, COVID, inflation rate rise in march for USA, or supply chain disruption till 2023. Some one in the trade reckons the container and shipping costs has added about $400-$500 on a new sofa! GL
Morning all. The final stretch to Christmas. Japan takes the biggest hit so far somewhat surprisingly. The one place I was thinking I put some money, so glad I held off there. Unfortunately this is increasingly the case with my holding off. I will miss out at some stage. The trouble is in a volatile market is judging when the trend has changed. I think the trick is to start drip feeding just before the bottom which I would guess might be late January /early February. That could change over night either way.
I see Brian May has paid he price having been isolating for 20 months. Goes out for a select private dinner and eight of them down with Covid. He seems to have it quite bad, not sure which strain. Best wishes to him and anyone else who gets it.
Happing Xmas shopping T and anyone else venturing out. Do take the utmost care . BW O
Very good to see a few old faces or more accurately initials popping in with temporarily or more permanently.So best wishes to you too CSDI. Sounds like you made a very sensible decision reducing debt and staying out of trading for the time being.
DJ I am afraid the only Santa rally we are likely to see is racing wheelibins round town in a ten foot snow drift.
I hope I am wrong but the Dow doped back over 500 points or 1.4% at the close on Friday. New York sounds dire. London sounds dire. Countries around the world are closing their doors to travellers.
Whether we call the Omicron effect an over reaction or not is immaterial. The fact is that the old and vulnerable are at higher risk and are health workers and transport operators working in cover saturated environments. Interesting program of a profile of Sir Patrick Vallence yesterday. he started off the pandemic saying herd immunity was our best form of defence. Clearly he has either drawn different conclusions with voluntarily or because its politically insensitive. Rishi Sunac returned from California a day early having held a conference call earlier with business leaders, who are pleading with him to defer Vat and business rates again at the very least. His response has so far been that he will listen but that councils already have £250,000 support to draw from. Japan have closed borders to anyone plus the Japanese banks say they are not going to provide any more stimulus to their economy . Interest rate rise has nt yet impacted too badly , but this could just be the start.
The market hates uncertainty. At the very least we are going to need some conviction from the medics that Omicron is not as life threatening per capita as previous mutations. We don't know this for sure or that there won't be more serious mutations.
On the positive side UK stocks look seriously undervalued compared to the Dow, that is no protection. The Dow is made up of just 30 companies. Apple is worth more than the entire FTSE 100. Their small companies and the Nasdaq has performed as badly as our markets.
So watch the Asian open monday morning and I think we will get and idea of what is in store for the next few weeks/months.
This is why I've been saying although desperately tempting (and I have made a couple of purchases last week, not of the falling knife kind though), I won't be reinvesting the money I have taken out till at least March/April. Of course there is money to made from the volatility as seen with AVON and ASC recently but there are record number of profit warnings coming out and thats from a period where we have been out of lockdown. Sorry to lay such a downer but am simply seeing whats in front of me. GL all
Thanks Nez. Its been a great slow burner N91. Are you in ? Some very strange movements and the directors and staff seemed to be the only ones buying when it launched. Have dropped many clangers through lack of patience, on the other hand its freed up cash to invest in other winners. Never look back in regret, find something better! Like Boo not! Seems we both escaped that fiasco and yet will the phoenix rise from the ashes? Shorts look very well orchestrated unless there is something else yet to be disclosed by the media hounds.
Morning again. Friday again. Well done S . Continuing where you left off! Should be plenty of opportunity today. Asia down, FTSE to fall on Dow weakness naturally.
Shock election result! Really .To who? I would imagine Boris was shocked the Cons did'nt finish behind the Monster Raving Loony Party. Have a fruitful day all.
Tend to agree with that T. Maybe even longer in the case of micro chips. Cant understand how they so badly underestimated demand. Do the not use flow charts and business plans anymore, just wait until you sell out? I see people expecting a fund raise on BOO. That would explain to some extent the £100 million shorts. They also site a lot of returns on top of supply issues. The fact that lockdown increased their sales 5 fold also explains the dramatic fall in growth. Then all the brands they bought on the cheap. When is a bargain not a bargain? When there is no market for it. it doesn't matter what you pay. I would imagine they are quite easily heading for cash flow problems. What price a placing, 60p?
On other news John Cleese walks out on BBC interview. 'I thought I was being interviewed about my new tour of Asia and stand up comedy and you ask me questions about racism and cancel culture.' What an ignorant interviewer. Good on you John. Screw the Beeb.
Not sure I understand your question NB. Is it about shorting? There are various sites specialise in short position percentages. Supposed to be one here on LSE but usually centries out of date.
We seem to be in the silly season now. Can Boo really be only worth a quid, apparently so according to one shorting expert who seems to think it could trade in the 60p to £1 range soon. Directors very quiet. I feel gravitational pull, but I'm nailing my hands to the chair. I'm typing this with my nose in case you are wondering!
Just seen your comments on ASC T. Totally agree. I was looking for a buy in ASC, but I think there will be more opportunities in New Year. I got out of Saga last week. So made a loss there but not as much as the profits I made earlier in the year thankfully.
I think time could be an issue for them. First payment on ship loans is due in March after 2 year deferral. So if anything goes wrong If they get a bad case of Omicron on one of their cruises that will set them back badly. They have been very careful and have the best implementation of COVID prevention measures. My brother who is 70 and his partner have both had COVID recently after 3 jabs and lived in semi isolation for 2 years. Fortunately they both recovered pretty quick. Its not so much getting the disease its the isolation that is the problem for most people. I notice they have still avoided giving anymore information on the patient who died with Omicron. Obviously they don't want us getting blasé, and many people are scaling back their Christmas celebrations which is inevitably crippling business.
T. Fortunately I got out of Boo in the summer at around £2.7. I think there is a lot to be said for following trends up or down. A lot of downs this year. I should think Boo is one of the biggest holdings by Stockopedia followers largely thanks to PS. Obviously people have to make their own minds up, but he has been consistently emphatic about it. Fortunately I'm not a crowd follower. He seems rather intolerant of people who take a different view. However he does do a lot of very useful in depth analysis. I think he got a bit too close to directors in Boo possibly, never a good thing especially with someone in his position as a journalist. Jack Brumby is the other small cap reporter, much more down to earth and less of risk taker.
I see apart from there being a general shortage of staff, the ones that are working are increasingly going off sick or having to isolate. Double whammy. Looks like it will get worse before it gets better. More profit warnings today.So bound to be a lot more volatility yet
Morning all. What a mess! Are we all having Pizzas for Christmas or has someone put in an offer for Dominoes presumably? I don't know about everyone else but we have some pretty good Italian Pizzas around here and Dominoes bare little resemblance to what they and I call a good pizza. Not only that, they charge almost the same price. Very clever, but how do they do it its brilliant as a business. Any way well done T for escaping the online retail catastrophe. PS eating much humble pie this morning but still holding for grim death. Not sure the whole truth is yet out on BOO, it doesn't stack up. Unfortunately for ASC I think they are just getting dragged down with it. Good global bounce today, but can't help feeling its a bit of a dead cat bounce. The problem for a lot of companies is even if Omicron is the virus in its death throws this Christmas was supposed to have been their final lifeline
Morning all. Inflation up shock horror. This is what happens when fuel prices hit record record highs and oil prices are only half their record high. Bad luck Topdog. Lets hope the appeal is successful. There is about as much logic to share prices as what colour dress my partner will wear today. Afritin gave a great update. Production and profits up around 20%, new production facilities making good headway. Improved quality of tin. Shareprice nowhere!
Not been great DJ. certainly not for most small caps. There was a massive switch to supermarkets and energy as we unlocked down, which I failed to follow. It was virtually impossible not to make money from march 2020. I think we are seeing the backlash of some of that exuberance now. I took some decent profits in the financial new year because I was expecting things might go a bit haywire as they now have. Profit warnings coming thick and quick from many directions! Managed to a avoid a few disasters but still nursing some heavy losses this and last month to raise a bit of cash to reinvest next year depending how the panic-demic works out. My risk plays have been really disappointing with some unexpectedly poor results form N4p yesterday. Although having said that I suppose ANIC is a big risk play and that has held up well despite 2 placings in six months! My two outstanding stocks this year are CNIC and WHR, which I expect to continue the growth trail. Basically any stock with decent balance sheet and cash generation just requires patience I hope. GL