Member Info for Temple_of_Doom

“When the reversal happens” … busy day.

Hi Trek,

I bailed the oil sector last year …. made so much out of Seplat that keeping profits would have been a loss I didn’t want to take … and keeping a small sum a bit pointless …. have traded renewables this past year with a smallish stake here.

All asset managers are down … largely through Labour throwing all the bad news at the start of their government.

They have, however, thrown put too much bad news for UK stock markets in my view so we are where we are until the budget.

Don’t forget that inflation is up some 30% since 2016 vote, so there is 30% more cash floating around some of which will end up in fund managers … but the reversal happens, who knows.

GLA

Deutche Bank have simply subtracted the last dividend off valuations …. Or should we say Numis given the buyout. Numis have to earn their keep. Topped up today.

Bearish news is coming back out on China …. Looks like pump dump to me …. But what do I know. Cleared out breakeven from the £3-£2 collapse in 2023 … looking for a retrace if it happens, fine, if not fine.

Let’s hope you are right broomtree … but until that money is in the bank … there is risk.

There is a USA election risk here along with outstanding sum owed from rebates in USA along with delayed annual dividend plus UK market and sector woes that are interest rate senditive.

The above said, US nat gas spot prices are up so can expect an uptick.

…. and again. Last buys at 33p rollup roll up …. ;)

Just added taking profits elsewhere.

Natural gas rather than oil is a better predictor of UK electricity prices, with GSF diversified across different markets across the world. I’m seeing again spot electricity prices going negative for periods in Germany with oversupply, at peak times, so in principle companies like GSF are being paid to store electricity and paid to release it for now.

The key to fund managers is to be able to add value beyond simply stock picking. So one LIO fund I hold, loans out shares, receives a return that goes back into the fund. I can’t make profits that way myself, so it’s a plus. The industry hasn’t worked out how to “beat” tracker funds yet, and until it does, it will struggle in the short term in my view.

The above said, there is plenty of money slopping around the UK with pension funds and wealthy pensioners looking for a home for their money, so there will likely be a recovery in the near future - and especually when rates come down, as we all suspect.

"underperformance of some of its funds " - All fund managers have some underperforming funds but LIO is one of the better ones from my research. Bottom of the pile is/was PMI/JUP when I looked across performers at the beginning of this year.

PMI was a stellar fail .... if you work through its individual benchmarks on fund performance ... it's a joke .. some funds are listed as having no benchmark .. so PMI made one up ..... really.

Very true ... took the hit .... RNS today is total incompetence.

The problem lies with both "currency risk" and "market risk" tied with Brexit. £ is heading for $1.41 so CAML will drop ... then bear in mind the risks going forward here from CAML itself. Another 10p drop and I might start getting interested but I'm thinking this has had its cash cow with limited growth going forwards so I'm looking for low 150s given the wider market before dipping in ... unless of course a new deal is struck in between.

"If you're only using 1 or 1.5 hrs of capacity, the optimiser needs to be selective over when they are trading and/or how much to discharge."

It would be pretty dumb to buy when spot electricity prices are high, and sell when prices are negative ... and a little like the comment I'm responding to.

The newslisted by Trek isn't published via RNS ... but explains the mild lift to 33.5p this morning. I'd got a few from earlier in the month at 33p so took the money this morning and ran given the current market. Will look to buy back seeing this news at some point so thanks for posting.

Seemed foolish not to take the gap up this morning.

“ Negative Power Prices Hit Europe as Renewable Energy Floods the Grid”

Good for BESS

My mistake … seems LSE was a tad slow in updating RNS … apologies.

Anyways ... I wrote to city-wire and asked for a published correction. Fake news irritates me .. too much of it in modern day life.

I'd wish management would get on with releasing the £50 million .... the carrot seems to be getting a little mouldy at this point.