The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The reality is, dividend investing hasn't worked well for decades. It's why the dividend-obsessed FTSE100 has flopped this century, yet the growth-led S&P500 has rocketed to the moon.
Darktrace is nothing to be proud of. It's yet another UK tech firm that is being swallowed by an overseas player, followed by the inevitable loss away from the UK of world-class IP, senior jobs and top salaries. Not to mention the associated degradation of the London stockmarket and its nonstop relentless decline.
It's great to see DEC refocusing on a plan for high growth here. It's the sign of a modern firm.
Incredible potential here. DEC is at a PE ratio of 1 (and rising), versus an oil-gas-sector average of 7. A DCF calc suggests fair value for the shareprice is at least ยฃ30-40. DEC is joining the prestigious Russell 2000 index in May-Jun 2024, and the big index trackers will have to start buying in. DEC financials look awesome, the buybacks are accelerating, cashflow is up, index trackers will shortly be arriving, and future revenue forecasts are being uplifted and upgraded by financial analysts. What's more, the CEO has moved on from pandering to the naive dividend gamblers, and he's now refocused on growth. Since the refocus, the shareprice has soared a huge +35% in a month. The DEC growth journey is underway ๐
As predicted, you gotta buy the dip and let it rip. Charts look very positive. Revenues being upgraded, debt reducing, profits growing, and a huge buyback program underway. This looks ready to test the ยฃ12 level again ๐
Carney is a weird man. Happily received millions of UK money (wages), then spent his entire BoE tenure and post-tenure aggressively talking down Britain and trying to drive UK national confidence into the dirt. A very very weird man.
The US Q1 2024 GDP growth and inflation numbers today are a car crash. Growth is slowing, inflation is rising, and big firms (like Meta) are missing their numbers. US could be headed for a nightmare stagflation scenario.
LLOY looks fairly valued right now, at 7 x PE, broadly in line with the global bank average. Dont forget the car-loan DCA scandal is just a few months away from a ruling by the FCA, with costs potentially soaring into the billions. And Labour are shaping up for a whole new world of envy politics in 2025, such as a bank windfall tax, extra pension tax, and extra landlord tax. There's plenty of reason to be cautious.
LLOY may dip back into the 40s in the coming days. The Meta (Facebook) results and forward guidance this evening are an absolute train wreck. FTSE100 futures suggest the index will tumble back under the 8000 level tomorrow, dragging LLOY and others down with it.