RE: TILS29 Sep 2020 00:05
SK39 - interesting answer from you, thank you. Impressed by the way you are backing your industry knowledge and assessment of senior managers/owners. I wish I had your sector insight -it would give me more confidence in my own ability to evaluate TILS. Through my career I was always a generalist so never specialised in any particular areas. I do dabble in listed fund managers, however, given I worked for them for so long. I love their operational gearing and know all the different houses well.
It's reassuring to read that you are so convinced by the TILS portfolio. If the products are really so good then I guess we are down to execution risk given that we have the product quality and financial stability boxes ticked. I take great comfort in the fact these guys have done similar things before. They seem very credible.
Your deeper sector knowledge makes you much more of a conviction investor than me in TILS. I will be taking profits all the way up once this takes off again, no doubt leaving return on the table and missing out on the top, but ensuring I bag a good blended return.
And yes, the shorters are a pain but they are just smart investors taking advantage of a short-term opportunity. Eventually they will be squeezed out by the underlying value. They know it and will be ready to go soon enough.
I have no idea where the share price is ultimately heading ie how high it could go and when. However, we used to have a running joke on the last desk I worked on before retiring about stocks or funds we liked. If we thought something was really good we wouldn't try and call future price rises, we just used to say "it's going-up" and buy it. The thinking would be then be focused all around crystallising returns at sensible levels to lock-in our own performance.
TILS is "going-up".
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