RE: Red Braces Brigade29 Feb 2020 13:16
Weekend home work is a great idea. Trying to do it in trading hours is dangerous particularly if looking at a stock that is moving fast. I have made a short list of about 15 stocks to keep an eye on, probably invest in 5 or 6 hopefully some time in next month or two. IWG is a tricky one. Dixon has invested much of his own money about 11 million shares to date and also started a fair size buy back, currently about halfway through. Then it more or less capitulated from around £4.5 to £3.5 yesterday. It is very exposed to this virus being a global office space renter. Wework a similar US company had to pull its IPO late last year being rated at 12 times the value of IWG and not even profit making. IWG has been trying to franchise its operations with some success. The big USA deal never came off as far as I know, and news not forthcoming. Dixon is convinced he has created a no brainer, but they could end up with a lot of empty space. So even back at £3.50 not too sure. Workspace , a smaller UK company has done really well after I sold out, so far not reacting to the current blood bath. Definitely keep an eye on IWG, but too early yet I feel. We are at a cusp according to one US investor. It could bounce back or it may be just the start of a bear market. To be honest it always feels like that to me. Most crashes tend to come out of the blue. This one has been a good year coming and much heralded. So like the virus we may all be over cautious, but stay extremely vigilant.