Member Info for oogleflugal

There will always be acquisitions and takeovers. I dont think bot trading will takeover on any major level. It supposedly is a device to balance the books. The current market decline uk is thanks to Brexit, inflation , Russia and and the dosey spineless BoE who like the ftse simply follow the FED. At some stage the market boom will return. Remember Gordon Brown declaring he had seen an end to boom and bust thanks to his genius economic management just 6 months before hit the worst financial crisis in living memory. Short term forecasting is pointless. As mentioned this is a long term game . The difficulty is the acceleration of technology and the speed at which some of it is superseded and becomes outdated. Gl all

Well here we are still dithering. China cut interest rates to boost their economy and we tinker with increasing interest rates. Bloody jobs worths. Does it really make a difference? Will never really know because they change their minds every other day based on what is going in in other countries. Fortunately got out of most of what I didnt and possibly shouldnt have got in, and the rest is up to the gods. At least have some decent dividends to help out, but the east doesnt look good again, so well out of there, but of course that still effects our trade to some degree, some of which should be positive. If its not one thing its another. Would have thought the markets would have learned to live with that by now

Hi everybody. Hope you are enjoying the sun if not the market. Bloomin Ocado! I suppose Amazon is the obvious fit. How that works for Morrison and M&S i’m not sure. I’m only in Aim NB! Its seems to be going ok, but very select few. Has been a bit erratic to put it mildly. As one goes up another couple go down. I am sort of making some headway, going from a down hill struggle to an uphill struggle. Lets hope that 5% rate will do it for now. Bailey confident of getting back to 2% inflation early next summer. Not sure I am as confident in his judgement so far. If thats true hopefully my kids will have shielded off most of the mortgage rise as they both got 5 year fixed with 2 to run. China and Japan managed to avoid this level of inflation with low interest rates. This looks like the western banks screwing everyone again after we bailed them out!

Hi Vulnax. Good to hear from you. Sounds a sensible approach. i cant actually add more cash. So I am trading a bit more than usual. Gervais Williams (Premier Miton) says this is the best market to get in he has seen in 30 years for small caps! People rate him highly, I’m not so sure. I think some fund managers are as deluded as some directors. I have managed to repair my portfolio considerably but still well adrift from my highs of 2 years ago. Edmund Shing from Parisbas says its a stock pickers market. It always has been imo. I guess its easier when there is a general market direction. My best performers have been NIox, Eqls and Atm, which luckily for me, so far, are my biggest holdings. I managed to let go of Cnic which was one of my longest largest holdings. Jut persistently failed to meet higher expectations. Always a worry that I’ve been impatient, but after two big buy back sessions it actually has been gradually drifting down. I hope I have learned that there is no profit in arguing with the market. It was a tough decision and still not sure it was right. I really sharpened up my loss tolerance to less than 10% in some cases on new purchases and much quicker to grab a profit when it happens. Intend to hold my larger holdings for a good bit longer if I can. BW & GL all

morning brigadevians. this is an epic struggle! i bought into jet2 on recent weakness and a recommendation from ‘****ney rebel’ on the paul scott podcast. also listen to paul hill. all these guys invest on a much bigger scale than me and interview directors and fund managers with some use full experiences. hill reckons he is right 60% of the time, but the ones he is right on, are generally bigger holdings. this is partly the advantage of averaging up rather than averaging down. they all agree how difficult this market is , with any good news quickly fading away. i really had not appreciated the financial problems of america. the debt ceiling raise is small comfort and is being hard fought. it amazes me how much more the ftse seems to agonise over american debt than the dow. we dont even have a deal with them. one thing agreed is that uk stocks are dirt cheap, arent they always! could be some be some more m&a over the summer. the other thing i discovered recently from two directors of small companies is how much more scrupulous their auditors are being, which should be a good thing. ocdo back at £3.65. i remember agonising whether to buy at the placing price of £18 a couple of years back. long term investing seem to be a thing of the past. good luck all

Aftrnoon all. Thought somEbody ought to check in! Hope you are all ok. Tight bit of an overhaul on my PF. Out of Japan really disappointing . Probably fly now I’ve gone. If I learnt one thing its how crap investment trusts are. Ken Wotton on the other hand who runs several is pretty shrewd at picking small cap stock. they do take time but many of his picks are coming good now most notably Inse, Brk, Mtw, and best of all Mgp which has been taken over, but there are several more I am keeping tabs on. Made a great profit on animal feed specialist Anp which obviously rose to far on the bounce so that was one of my best two week profits. The question . now is is it oversold again. Niox , the asthma diagnostic firm has been my best long term performer, currently known as a razor blade stock because of its repeat sales. Diagnostics is an interesting and lucrative sector. Mostly out of cyber security which has been a total disaster for me. Volumes are still very low keeping values suppressed. Fund managers keep saying how undervalue their share are but basically their discounts have all widened because of lack of confidence . Many are too big to trade like private investors can. when they do trade it tends to spike the market in both directions i thought it was a good way of investing in foreign countries, but too many problems with currencies and geopolitics. As ever good luck and BW

And now smv with multiple takeover offers. At this rate I dont need to sell anything, my stock will all get bought out. Shame is they are obviously worth considerably more which is why they are being bought. Who says money is tight?

Morning all. Just got my first takeover since god knows when . i mentioned MGP the other day partly because Gresham’s Ken Wooton mentioned it as a takeover target along with most of his other investments, but this did stand out. Un fortunately the market didnt like Cnic’s results this morning not doubling profits again, so that wiped out that particular joy! Gotta love this crazy market

Things must be improving . My last ten trades are all turning a profit . Anpario 30% up. Mind you haven taken a couple of large hits, yet unconverted. Should help me enormously with the shrinking capital gains tax allowance!

I dont own the bluechip anymore, decided to bank first profit of the new tax year!

Best Wishes Nezlob. Sorry for your loss, especially when you have to travel such a long way its sort of extra tough, travelling usually being reserved for pleasure.
I’m still trying hard on the share front. I usually buy for the longer term and now wish I had taken more profits. Normally when I do that shares rocket within weeks of selling! I turned the house upside down on the share front just before year end (euphemism for shares). They say dont trade out of boredom . I was so bored last week I bought some Vod shares just before the announcement of selling off their Spanish arm. Its my only bluechip! Then when I looked into it a bit further I thought it actually looks quite an interesting company now. Might live to regret that statement if they cut the dividend. There is definitely some optimism around, although forecasters have just about predicted every conceivable outcome, lower interest rates , higher interest rates, recession, no recession etc. i have found a couple of new stock that I hope will fill some potential, AVG and MGP . On the trust front I decided India is well up with events and hardly any discount to nav, whereas Japan still seems to be being shunned. A lot of our troubles seem to be connected to the high and possibly unjustified value in the dollar. Any way keeps us guessing and as always good luck and best wishes to all

Morning T. Contagion spreading to regional banks is the big fear. If the banking system is as healthy as they say surely the big banks must surely guarantee all. Why would anyone keep money in a regional if you know its safer in the main bank? The ordinary person has no idea what is going on the banking world and they dont want us to know either. If banks are going to collapse like dominos I dont see any point in just waiting for it to happen. action speaks louder than words

IGC not ICG

Morning all. This is a tough old test. I think the market does speak as well as project into then future. Like when ‘crazy eyes Truss’ somehow landed in mission control. Firstly we have been reassured that uk banks are in fine fettle so Barc down another 5% this morning along with the others. I do think HSBA will be seen to have got at least as good a deal as Santander did when they cherry picked the best bits of Abbey and Lloyds were handed all the doggydos from the rest of uk banks. I think they are basically screaming stop the interest rate hikes because it is only going to increase bad debt and stifle growth. Nearly back at the pandemic beginning where investment trusts are so discounted now, you are almost guaranteed at least a 25% bounce on the first sign of recovery, but quite a bit of magic needs to line up first. On that note Japan and India are very much expected to be at the forefront of growth. I managed to get out of a couple of Japan trusts with a little profit recently, mainly because it was one of few places I could. India Capital Growth is one I am looking at. quite a small trust. Has a great upward trend chart, in complete contrast to the sector,so not bargain hunting, but looking for exponential growth in small and medium caps. Very good luck to you all

Thank you all for your condolences. It is never easy to deal with. Life goes on shares carry on falling! . I think it must be mostly Shell, BP and Astra holding the ftse up at new levels. I still have great confidence in the companies I have, just the market doesnt yet share the same enthusiasm. Will help a bit if Rishi sorts out Brexit. Dow seems pretty uncertain right now. It seemsn as one problem gets resolved several more pop up on the horizon, but there are definitely signs of progress in certain areas. Supply chains being on a firmer footing would also help. Gl and BW

Hi all. What a terrible start to the year. It can only get better surely. We have postponed Australia for now. It gets a bit crazy juggling too many balls at once. Sometimes it best to ignore everything and stick to the plan , but things have been stacking up a bit, not least my dear brother passing at the weekend. Should have been a routine valve replacement last october, but complications set in like they can, so they never got round to it. I dont know how it escaped his doctor that nobody was checking to see how out of date his valve was. Partly my brothers own fault I suppose but there is the undeniable truth that many people are dying needlessly at the moment. The hospital was fantastic and did everything and more. Some how the system is definitely broken and Sunak has a lot to do to live up to his word. A little boy in our town lost his life too and it looks horribly like an error in treatment. Staff are under outrageous pressure. nobody should have to work like this under such stress. All I can say is at the GP stage you have to shout clear, loud and long to get referred to the right place if you suspect anything is wrong.
Life goes on of course and there are just too many tragedies to take in at the moment. But we will overcome. Apologies for my rather sad note. A lot to be thankful for and optimistic about. Good luck all BW O

Happy New year one and all. had a fantastic trip. possibly over did the travelling a tad, 2000 k rod trip and 3 internal flights. So slept for a week when we got home. thank heavens for CNIC in my pf. Managed to resist looking at markets whilst away . Nice surprise to see they are finally being recognised and not too many other horror shows. Hope youare all doing ok and best wishes for a brighter year. Off to Australia soon. Stocks obviously do better when i’m not round! GL

Morning everyone. Hope you are all ok. Glad you had holiday T. We’re off in a couple of weeks. It will be quite a relief to get there after all the shenanigans. Is it just me or do others feel the BBC reporting its getting overly alarmist and inaccurate. Last night the headline was ‘Russian missiles land in Poland.’ They should try using their own fact checker is it looks like this turning out not to be true. Reuters correctly reported the information was yet to be verified. They seem to be faalling somewhere between the standards of the sun and daily mail.
Encouraged by the Japanese economy apparently escaping the worst of inflation so far and my Trusts are recovering a little. It seem it is mostly the nav gap widens in uncertain times rather than the stocks going down. Other than that i have FNX doing rather well , a couple of others just in profit , a couple more holding their own and 4 down 50%. Of the 4 that are down only 1 has any debt and they all have record revenue accept N4p which will either make a small fortune or go bust. Could be worse i suppose! Gl

hi all.
NB. I think its window dressing to make it look good. Cant see divi tax would raise that much and I cant see many capital gains out there this year. i have just set off a loss for last year. Most of my holdings are for IHT protection or in and ISA. They also so talk about capping pension pots at around £1 million. Cant see that bring ing in much either. A tax on property; would probably start a revolution and definitely collapse the market. Interesting that the day the BOE announce armageddon the FTSE celebrates with a sharp rise . Think its best to ignore all the political theatrics and look what the market is saying. get rid of Truss, done. Install Sunak, done . As ever Good luck all. Are Indian Visas arrived last week. Reckon its cost us at least £500 with all the faffing. the boys coming from Aus paid about £25 online !

High all. Trust funds have been a nightmare, they trade at much lower nav ratio currently. I was tempted by Thrg on more than one occasion, but stayed out mainly due to lack of funds. I see bt pension fund crashed by 11 mbillion thanks to kerching’s last effort with a ‘growth budget.’ It looks like a lot of forced selling has occurred and hopefully bottomed out. How many times have we thought that in the last 12 months! The fund manager at Merchant trust things we wont be in the same boat as the financial crash just yet and recommends housebuilders as way over sold. He is a pretty shrewd investor. The trust has more than doubled actually 150% since pandemic. And paying 5% divi. Mainly thanks to oil recovery i suspect, which caused the fund crash in the first place. Unfortunately i sold out way too soon on that trust. A lot more patience required and thankful we are in a much safer/better position than many at this awful time. Even conservative journalist Peter Oborne is forecasting the end of the conservative party after this latest debacle. Not going to be a smooth road which ever way it goes.