Member Info for Resipsa

Me too. Please KOD stay in the low 30's just for a few more days so I can top up, I'm just waiting for the release of funds from some tech profits taken.

I love this presentation, looks v corporate!

I'd be disappointed now with a 1p buyout, based on where this is projected to go I think 3p+ or thereabouts wouldn't be unreasonable imo.

Tambo, unless I have misremembered I thought you were looking to fully exit when SMT reaches £8.10?

Your last post had "buy", this one "hold". Presume you have changed your mind and now feel a little more bullish? :)

LLL,

I personally don't see any comparison between the AI boom and the Dotcom bubble crash of the early 2000s.

The latter was as a result of small companies with minimal earnings. AI is here to stay and only likely to become bigger; it's not just a passing phase.

Nvidia's growth trajectory is unlikely to continue at the same rate ad infinitum but imo it is likely to for the foreseeable future i.e 12-24 months.

All in my opinion of course and DYOR etc

My interest is in GGP too, I’ve been invested here since early 2017 and have a fairly substantial holding, but I also like balance and accuracy, which is simply why I posted my factual comment.

(Btw, Bezos sold mainly for tax reasons, having moved States).

@BRILLGOLD - I think it's a bit of an exaggeration and rather misleading to imply Druckenmiller "...has sold tec stocks to invest in gold stocks..."

Yes, as part of a 2023 Q4 re-balance he reshuffled his portfolio and sold Alphabet and Amazon, but only to take even bigger positions in two of the other "magnificent seven" tech/AI stocks - Microsoft and Nvidia. He in fact remains extremely bullish on tech and these two account for nearly 23% of the portfolio!

He did take new, comparatively tiny, positions in Newmont and Barrick as a hedge (0.63% and just over !% respectively).

I thought the last broker rating was 1.85p, not 2.85p? I'd be delighted with the latter if it materialised next year.

Not that I would place much, if any, credence on broker ratings for AIM penny stocks, anyway.

JS, SAS, it's not what you said (in terms of giving the benefit of your advice about the broker fees) but the way you said it, patronising another poster along the way...

Btw, lots of experience about something isn't necessarily the ultimate decider. One can have 50 years' experience as a driver but could still be a cr@p driver.

Leaving aside the issue of the fees, I think Horult makes a very valid point on the general discussion; some of the replies s/he has received smack of a very condescending tone - “the stock market isn’t for you little people…”

Many thanks for your reply ukbbbbbb

"...making the Chrysalis shares trade at a 52% discount. We see no reason why the carrying value of other major assets is too high, particularly as the interest rate tightening cycle in the UK, US and Eurozone comes to an end and discount rates start to fall..."

Would some knowledgeable person mind explaining to me the correlation between US/UK interest rates (expected) to come down and the effect upon the NAV discount likely to narrow, as I don't understand?

Thanks

The steep decline in SP is brutal and relentless.
Managers should take a leaf out of Terry Smith's book, close the fund and liquidate the assets.
We would all be better off with that outcome. Thankfully my investment here is fairly modest.

@LLL, from what I've read and understand, ironically a recession might actually work in favour of growth stocks/ITs because investors are likely to revert to tech from value...this might, and I stress might, explain (at least in part) SMT's improved performance over the last month (along with NASDAQ's and S & P 500's)as a likely recession is starting to be priced in?

Just use "could've" or "should've" etc from now on. That should keep everyone happy :)

Sharky, I'll give you the benefit and assume yours was a deliberate mistake...LOL

My dad has a modest GGP holding, bought on my recommendation. He's 86.5 y.o. Does that count?

So in a nutshell JDF, you got in at the bottom and sold at the (almost) ATH?

One of the many old quotes from famous investor Bernard Baruch springs to mind: "Don't try to buy at the bottom and sell at the top. It can't be done, except by liars"...

I prefer to look at any IT's performance over a longer period of time to properly assess it. SMT is up 165% over 5 years and 697% over 10 years. I also don't think it's reasonable to imply the trust is a "one trick pony" i.e Tesla as you suggest...

Why refer to it (Tesla) as a "lucky bet"?

Currently 4-5% for me, but I adhere to a rule never to have more than 10% in any IT/fund/share.

I wouldn't ever expect to be able to glean that sort of background info from that kind of presentation. Ultimately, it's just a marketing tool.

Unless one happened to work for BG or knew someone who did, it will never be possible to know the inter-personal dynamics of their working relationship...