The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Thanks GS for Comp results. Congrats to Matt the B for KRI an astonishing recovery from October 23 onwards..
Patting myself on the back for RR also a stellar performance but sadly for me i sold too early to benefit from all of the rise but got some of it. Commiserations GS for Deltic I also had high hopes for Deltic I but lost touch with it.
Currently i am in the cave and sweeping it out but its freezing cold in here.
Have we paid the gas bill GS or are we on a heat pump now?
No sign of Armani too cold for him i suppose or lounging in the heat eating sausage rolls and Greggs pasties.
My entry for this year is Manchester & London investment trust MNL it’s an AI tech trust with Microsoft and Nivdia the two top holdings.
Keep it real guys and good luck all
I all got stopped out of my shares during the summer on the last big drop .
I had high hopes for my wife’s holding in her Sipp with the advent of the NYSE listing.. Ha ha what a bunch of morons the directors of this company are................. Sold the entire holding for her just now..
I now have the cheerless task of going to tell her how much money she has lost on my recommendations.
Happy Christmas everybody HA HA
Hi Guys good to see Armani posting... All looking good for now....... I am only in LGEN and EPIC. Epic should exchanging our shares for cash at the end of this month in its cash return.. Its been a brilliant monthly divi payer so I will have to find something else.
I added more bonds this year as i need income more than growth.and happy with that as no risk
I am currently managing my wife’s Sipp, sadly its underwater hopefully next year will be better. DEC Diversified Energy has just had a 20 -1 share consolidation and is about to join the NYSE so I will be keeping an eye on that .
I am still day trading F/X and commodities two or three days a week with varied results but still active daily going long or short and making a few quid now and then.
Happy Christmas to all lone cavers and some special mentions ……Firstly to GS for keeping the faith and organising the competition plus the lights on and cave open well done GS …. To Matt the Brave for his extremely helpful and useful advice on pensions to me this year and his share thoughts in general.
Lastly to Armani as he is often in my thoughts when I walk pass Greggs and trip over the queue of people snaking around the street all eagerly awaiting to get in …. I myself wishing I had some … no not a sausage roll or a pasty bus Greggs shares lol
I am in a similar situation to Simon paid with averaging 78P had dividends yes but still in a loss and even more so if you account for inflation.
The RNS says Following the announcement of its Strategic Review on 16 March 2023, the Board of Ediston Property Investment Company plc (the "Company") is pleased to announce that the Company has entered into an agreement for the sale (the "Disposal") of the entirety of the EPIC Group's property portfolio (the "Property Portfolio") to RI UK 1 Limited (the "Purchaser"), a wholly owned subsidiary of Realty Income, for cash consideration of £200.8 million, prior to agreed deductions of approximately £4.0 million (in aggregate, the "Consideration").
Ok so its bad enough that £4 million immediately disappears so shouldn’t that leave £196 million but then they say after completion they expect to have £152.2 million so using simple arithmetic £200.8 million minus £152.2 million equals £48.6 million so where the hell is that going ?
£48.6 million where is it going
As per usual with anything to do with money and the markets, money just vanishes and the shareholder who has loyally stuck by the company losses out.
Hi guys Is the market broken? Yes I think it is… temporally at least.
FTSE goes nowhere… too many Financials and Oil and gas that hold it back and not enough Tech!
It’s just in a mess at the moment. Plenty of good dividend shares but zilch growth.
I have parked up all my cash in Virgin and Wise account… Wise give me 4.22% on GBP 4.79% on USD and 2.83% on Euros.. I hold and exchange real money in this account and I use my wise account as any other normal bank account. There are no restrictions and I get my interest every month which is great for income.
I am holding some dividend shares which I now use for income…
Has investing and trading worked for me long term? A resounding yes but it’s taken a great deal of my time needed a huge amount of attention and switching back and forth etc.
Good luck all
Couldn’t agree more re Legal and General Matt and even cheaper now. The market is crazy.
You can pick up Marston’s for 30 p Vodaphone down at 75 P ..... ITV 70 p... 888 at 70 p .. Purple Bricks at 4p
Just noticed that iEnergizer has delisted. I use to trade them around the £5 mark dropped to 50 p before they delisted.
Is the market broken?
I’m holding a few stocks but mainly trading F/X and bizarrely it’s become slightly more predicable.
GL all
Https://www.frontier.co.uk/news/press-releases/build-your-legacy-define-your-team-and-rewrite-key-moments-f1-manager-2023
BUILD YOUR LEGACY, DEFINE YOUR TEAM AND REWRITE KEY MOMENTS FROM THE 2023 SEASON IN F1® MANAGER 2023 PUBLISHED ON: TUE, 23/05/2023 - 3:00PM
Take unparalleled control of a Formula 1 ® Team, with deeper management, greater authenticity, and a brand-new game mode.
Cambridge, UK (17 May 2023) – Frontier Developments plc (AIM: FDEV, ‘Frontier’) unveiled today F1® Manager 2023, the next instalment in the officially licensed Formula 1® management simulation series, with deeper management systems, more dramatic racing, and an even greater commitment to authenticity. Fans are invited to assume the role of an F1® Team Principal, make their mark and lead their chosen team all the way to the top, driving every decision both on and off the track.
F1® Manager 2023 comes even closer to the 2023 FIA Formula One World Championship™ with the brand-new Race Replay mode, which will allow aspiring Team Principals to rewrite key moments from throughout the 23-race season. Additionally, in the returning Career mode, players will enjoy a suite of highly requested feature developments, adding new dimensions to the sporting drama at every turn.
The fight against the Thargoids escalates in this next chapter of the Elite Dangerous narrative.
Cambridge, UK – 9 May 2023. Frontier Developments plc (AIM: FDEV, ‘Frontier’) released today Update 15 for Elite Dangerous: Odyssey, marking the next stage of the Thargoids’ war against humanity. Commanders will uncover the mystery of what’s inside each of the eight Maelstroms, as they enter the giant caustic gas clouds that arrived with Update 14 and face an unprecedented level of Thargoid aggression. Update 15 also brings significant new features to the game, including a brand-new class of Thargoid ship and additional on-foot mission elements.
https://www.frontier.co.uk/news/press-releases/brave-new-world-stranded-alien-dawn-lands-pc-and-console-today
Cambridge, UK – 25 April 2023. Frontier Foundry, the games label of Frontier Developments plc (AIM: FDEV) and developer Haemimont Games, creators of the strategic sci-fi city builder, Surviving Mars, invite players to discover Stranded: Alien Dawn, a gripping new simulation, out today on PC via Steam and Epic Games Store, PlayStation®5, Xbox Series X|S, PlayStation®4 and Xbox One . Players will also receive a major day-one update on all platforms, which includes a thrilling new Military Outpost scenario.
Players who purchase the game before May 9 2023 can expand their bases even further with an exclusive Emergency Landing Pod model and a new wooden plank construction material as part of an Early Adopter launch bonus available on all platforms.
Hi Gs Already in lgen and its taken a mega bashing over the last three days.
Foxtons used to be one of my trading shares and it went down and down so i forgot it......... Ill take a look.
weatherspoons could be a good suggestion especially with the brexit beer tax reduced today in the budget.
Hilton i don’t know that one ill look .
GL all
Ok here we go and its back to the "broken market" If we have learnet anything over the last 20 years we have learnt one thing never ever buy shares in Banks.
Banks cant live with them, cant live without them ...but can... deffinately not buy shares in them.
My next wad of cash if I get any, half will go under the mattress the rest will get spent on a holiday ABTA guaranteed obviously.
GL all
Reason for sell off from C/P Investors Chronicle
Today's markets: Stocks sell off over bank fears
MARKET OUTLOOK
by The Trader
Share prices are tumbling today following a sharp sell-off on Wall Street amid a sudden crisis of confidence in the US banking sector.
European banking names are down between 4 and 8 per cent in early trading. Credit Suisse has fallen to a new all-time low and financials on the FTSE 100 are down around 4 per cent, with HSBC losing 5.3 per cent and Barclays 5.4 per cent.
Overall this has led to one of the worst red days for a while. The FTSE 100 is down 1.7 per cent, the DAX 1.4 per cent and the CAC 40 1.3 per cent. It follows a drubbing in the US last night, with the S&P down 1.9 per cent and the Dow 1.7 per cent. The S&P hit 3,918, and broke through its 200-day moving average and March low. It’s expected to open another 0.7 per cent down, futures trading shows. This also incorporates jitters about payrolls data due out later today (more on this below).
The sell off was sparked overnight by SVB Financial, which sank by more than 60 per cent. Silicon Valley Bank, a prominent lender to tech startups, announced a $2.25bn capital raise in response to a $1.8bn loss on the sale of a portfolio marked at $21bn. The bank, whose deposit base has been declining in part because its customers are particularly concentrated in the venture-backed US start-up sector, sold the bonds in a bid to raise cash. The portfolio included US Treasuries and mortgage-backed securities. Concerns over the marks on other bond portfolios in the sector prompted selling elsewhere. Bank of America and Wells Fargo declined 6 per cent and the KBW Nasdaq Bank Index slipped 7.7 per cent, its worst performance in three years.
It might be overdone. SVB does not represent the wider US banking sector, albeit the plummet in its shares clearly hit sentiment. It seems as though SVB was just gripping the wrong end of the stick with regards to rising interest rates, parking way too much of its assets in long-dated bonds which it thought safe but are now worth a lot less. Funnily enough, bond yields fell sharply as investors went into fixed income amid some potential signs that the Fed’s rate hikes might be working.
Weekly jobless claims in the US jumped by the most in five months. While SVB probably doesn’t portend a wider banking crisis, it could be the straw that breaks the camel’s back as far as the market is concerned. We’ve been waiting for the final flush and peak rate expectations plus nascent signs of cracks in the US economy is the right ****tail of risks for markets to fall.
Hi Matt and all ... yes good question all hiding out somewhere i suppose...
Today a massive drop on the FTSE and even the pundits dont seem to know why.
Ive been shorting the F40 Cac with some success but missed the big drop today. I got stopped ou of a GBP/USD short. this mornig all wierd stuff going on before norn farm payrolls come out at 1.30.
The mega drop on the Ftse temped me to buy a wad of LGEN . Ive traded LGEN four times this year so i hope for another tick up pre ex divi .
I have to say my Virgin off market one year income bond has been really great for me this year paid monthly and just shy of 4% with no risk. Good luck all
Clued thanks..
Surprisingly It’s not uncommon to see the SP's very quickly drop below the placing price.
It’s happened in a few I’ve held. One in particular sticks in my mind DUKE and that kept on going down.
It’s often worth buying in after placing’s
price drop it’s probably not selling more like market makers holding stock and temping PI’s to buy
Looking at the chart it might hit £1.03 before it bounces but I hope not