The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
V...Nice very healthy 22% profit...well done.
I bought IAG earlier at 211 expecting a take off, it seems to be finding air below the runway, wish I had copied m and sold at 213+, Doh.
Have just sold ASC bought earlier for a quick in and out but only 1.6% profit but I wanted to book something today.
This talk of Kent reminds me of when my family lived in Surrey, with an aunt and family living in Canterbury. We would often travel to each other's houses on a sunday or meet up in Tunbridge Wells, Tenterden or Hastings. Later, as the aunts family grew up, the children moved to Sandwich and Shepherdswell, the aunt retired to Whitstable. Lots of happy memories.
Good morning Brigadiers.
Put my toe in the water and bought some IAG.
Reposted from another board.....
Be careful about selling this tax year, Thursday is the 1st April , then you have bank holiday Friday, then Sat/Sun, then Monday 5th is a bank holiday, so the last trading day is the Thursday before the next tax year starts on Tuesday 6th.
T...ocdo article may be of interest...
https://www.cityam.com/ocados-ms-joint-venture-sees-revenue-surge-40-per-cent/
Forgot to mention for anyone in HEMO, nice 5% rise today on rumour, I think, of announcement of a tie up with Eli Lily. This has been talked about for 6 months now, some hope that it will be a fll take over, Me? I'm not so sure but remain hopeful.
Porch report... built a low granite wall (to match house...this is dartmoor) with timber frame. Quite large as it's on south face of house so it's a porch to our front door plus a conservatory for breakfast etc...I love to get two uses for the price of one. Dartmoor is beautiful in summer but in winter the horizonal driving weather on the west face would rot a piece of plastic! Consequently, the east face and part of the south face is in good condition even after 30+ years.
I think it was m that suggested I should look in skips for replacement wood, well the wood I salvaged a month or so ago is easily good enough to give it another 20 years of life, longer if I double protect the exposed south west corner.
All I need now is a plan, trying for minimum disruption I will remove most glass and all rotten timber, renew the wall plates then splice replacements ito the uprights. Simples. Ha.
C...yes, we have had exceptional value for money from that 2 function porch. Ta for info on NatGrid, yes, I agree, it seems to me that the share price never moves. Very well done on your PFC purchase this morning, I very nearly bought just before you, the graph looked as though it had bottomed out from the recent fall and it is 3 days since the SFO thing. Well done...I think my bad performance lately has knocked my confidence. Like you, I think it is much harder to decide an exit point than an entry point. I know you have targets for each share but for me, I decide on the hoof for my trading shares depending on volatility and general trends, in FTSE, the sector and so on.
You must be happy with your CMCX, I agree about the apparent disconnect with comparison to the PLUS share price, I am just relieved to see it making some headway
G...welcome back to the madhouse.
T....on OCDO when we were busy with it a few months ago, what was that about a £27 per share (or was it £17) point at which the CEO bonus would be triggered. I can hardly remember.
N...half of my holdings are in AIM shares and sometimes the spread amazes me, but you probably know that the real spread can be incredibly small compared to the "advertised" spread. Also, of course, in the first minutes of trading, large spreads are reducing, not very predictably in my experience. This also applies to all shares as you probably know.
I read yesterday that the FTSE250 had passed it's level of pre covid.
V...I bought my SNG back so all of them are now in my ISA account..ready for their upcoming fantastic rise, hopefully.
m...your 4.2% per month profit target of money in play is quite close to my target.
I seem to be in a lot of spare cash at the moment, much more under invested than normal for me. My only sell today was a tranche of ASC for a 3.6% profit. When my £2 ARB subscription shares landed by coincidence I could have sold them for £2.55, nearly did but am hanging on in there for at least 270p.
For anyone even slightly interested in my weekly target this week, I am at -760%, please send commiserations on a postcard. "Celebrating" by going shopping this morning.
Yesterday discovered some rot in a corner post of our 10m2 porch that I built 30 years ago. Further investigation revealed a very serious problem. Now have to decide whether to completely take it down and rebuild or to somehow prop up the roof (ridge with slates), remove some sheets of glass, maybe 8, then insert new wood after hacking out the old which is all jointed, glued and nailed. Doh I hate doing jobs more than once but remember using softwood as I was hard up at the time.
Good morning Brigands.
T....FEVR and OCDO, cor they are a blast from the past, perhaps I should be looking into them again.
Sold some ASC at 5640, perhaps too soon but 3.4% profit and I need those.
Had some good news this morning, have finally received my subscription ARB shares, 7 days after everyone else. It's a long story that I'll save for my autobiography! perhaps but 8 emails and a 107 minute phone call sorted it out. 93 mins on hold to IG is character building.
Blimey, where am I going to get another £40K from? I know, sell stuff from ordinary trading account, also, look down the back of the sofa.
Sold TCM for 3.7% profit but had them for a month but that's 44% annualised......see what I did there? any litttle thing to make me feel good about my (bad) trading.
Hope we all did some great things today, maybe even making the odd profit.
V...If you asking "is it better to take a loss sooner, i.e.this taxyear, as opposed to later, i.e. next taxyear?" then I couldn't really answer....it depends on your view of share price expectation going forward. I would however take a loss on something or a part of something now IF it brings your capital gain down to within the yearly tax free allowance. I hold GGP as you know and I am expecting a large increase, hence profit in the next tax year, after april 5th.
I have been re balancing OUR portfolio which is 40%, 44%,16% (ISA, ISA, ord trading account) which has involved me selling SNG (at 170p) in the trading account and now I am going to buy them again in the ISA. Currently waiting, hoping for price below 170p (current best I can get is 170.8p). Waited 2 days so far, slightly scared to be out of SNG as P3 results could land at any time.
Well my judgement is way off lately, Sold BT the other day just as the seem to starting a recovery. Sold Dunelm too early again, Doh. Maybe I bought back into PFC too early also.
On the good news front the Beano has a 70th anniversary issue out. Happy birthday Dennis the Menance.
N....if I may call you that, I take your point about Parsley box but I like their model. Yes, they are small and the growth has been rather good this year, rather exaggerating their prospects but I feel people are getting more and more used to home deliveries and it is a "convenience" food, I see them being bought by baby boomers to stock their parents cupboard. Like my family. Yes, agree people are iching to get out to pubs/restaurants and even staying i at the moment one has lots of time to cook "properly".
o...back in 1995, my dad was confined to his home (in Surrey) after a stroke and it looked like he needed daily care to make him meals etc. Wiltshire Farm Foods delivering cooked chilled meals was a life saver (well, them and the wonderful efforts of a couple of neighbours), it worked well for several years. Hence me being interested in investing. Parsley Box? Used by OH mum similar to Wiltshire Farm Foods but these are packet meals not cooked chilled so no need to store in freezer and have a 6 month shelf life. Not 100% about investing but have to make a decision by 22 march.
Just had an alert that TT electronics is on the up 4.5% today.