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Deutsche Bank, "Buy" target 1400p.
I thought it was fair value at about 580p. So im pleased with 620p. The only case you can make for a higher valuation is ,its cheap compared to its peers in the US. Ive sold more this week,ive been adding to CVSG.
I really like Pru,the numbers add up but their exposure to China stops me. But good luck with it CR888.
Adeg/we are becoming more of a growth company ,that means less dividends. You are going to be disappointed holding this, if you are expecting dividend increases. What you will see overtime is the SP will increase. By top slicing on the top of the trading range ,you can get your divi that way
The selling should slow and the SP should rise ,(nearer to 620p), as we get nearer the closing of the deal. With the cash offer ,i can see the deal closing in the third quarter, probably August. I cant see another buyer coming in. Im holding until i see an opportunity elsewhere.
DRCed/ "The only thing that has held us back is the association with Mick Lynch" Without Mick Lynch there would be no Darktrace. Many on here have made money out of ML(me included) and not for the first time. We are only passive investors, the likes of ML, are the wealth creators.
Win/"Patience is a virtue" . I have about 20 on my watch list. Im going to the end with this ,so that will probably take a few months. We could get really lucky and get a market crash/correction just before we get paid out. My head tells me to go into something safe but my heart is saying go for growth/risk. If you need to contact me after this has gone ,you can find me on the CVSG board.
Wini/well done! ,you must have doubled bubbled on this. Now this gives me another problem. Ive got my position in the 4 stocks im holding. So now im looking for No5
Sorry,i misread the RNS. 620p it is
Im happy with 775p. It seems fair. We did our last placing at 750p,so it gives them the chance to get out ahead, So i expect the deal to go through. I wont be selling anymore at these levels,i will wait until the end. Over the years,ive had a few buyouts and i have tended to sell on the offer. On average it would have been better to let it run out.
Kick/this is the second time ive been in CVSG. I bought it at £14 about 3 years ago and sold it for £19 not long after. I only sold it as i wanted the money for something else ,i always regretted selling it ,especially seeing it go to £26. Its quality ,great management and with all the "right people" holding it. As for the CMA. CVSG work off low margins. I think the drop is overdone ,anyway good luck with it.
Win/you wont go far wrong with GSK,its my biggest holding. I know people who work at the HQ in Brentford about 4 miles from where i live (although they will be moving soon to Earnshaw st ,near Oxford St). When to buy is always tricky ,at 1650p i make it 20% undervalued,with a PE of 11 and a divi of about 4%. People are living longer using more drugs and you can bet your life there will be another epidemic sooner or later. I normally buy at £13 and trim at £19 but we might not see £13 again. If it was me ,i would put 50% in,then add when it goes lower.
I top sliced yesterday(10%) at 509p. Originally i only wanted 50K shares in this but with the volitivity of the SP,i ended up with 160K,so i was well overweight. So i needed to trim. I put the dosh in CVSG.
They sold on Friday ,so it looks like the market has already digested the trade
Have top sliced from 5.2% to 4.8%
Win/yeah,crazy days. Tremor was my best win ever in 45yrs of doing this. Yes,i remember "sharenicely",he was a nice guy,he tried to convince me to stay in Tremor. He sent me a video of a song "let it ride". Unfortunately he stayed and is probably well down or lost money. "The art of the execution" is one of the books i reread every few months.
Win/i will top slice on the way up ,although i wouldnt be selling anything of this now. Hopefully we can do the same to this, what we did to Tremor. We sold completely out of Tremor, im inclined to keep a lump of this long term.
Lending/investing for me is all about risk and reward. You have to be able to sleep at night ,so we all have levels of risk. As im old i should be more diversified but i just cant do it, although i do hold 25% cash. Difference strokes for different folks!
Win/ to create wealth you need a concentrated portfolio of no more then 5 stocks(i only have 4, LSEG,GSK,DT and i have just bought into CVSG) . A diversified portfolio protects your wealth. In many ways we have the advantage over the institutions but the one area we dont is with research ,they will have a team of analysts and they get to meet the management. I tend to follow people/institutions into stocks ,especially if they have been adding. Like im in this because of ML Im a big fan of Mark Slater(Slater Growth) thats why i started a position in CVSG. Of course i do some research and i have to understand the business.
I know ML and his supporters on the board want to keep DT in the UK. Paying UK taxes and helping all of us. KKR and their supporters want it taken to the US. I would love to see this stay in the UK and be a world leader in cyber security