RE: Red Braces Brigade2 Sep 2021 15:39
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.