Member Info for Temple_of_Doom

Difficult to value these asset manager businesses where I like back of matchbox calculations so decided to look at AuM to Equity ratio … where PMI works out around 10% less than Jupiter that itself has been a basket case given its takeover in 2019 with legacy issues.

My reading is a hedge fund shorting having just sold 350,000 or so shares to MMs today to pass on to retailers.

To the question why shorts are not listed … some of these funds short in tandem across branches. Seen it before.

Oversold in my view topped up more today.

Ip == up.

“Not the same statements while the latter may be true they do not have to pay dividends from earned income.

'Have a policy' is not the same as 'can'.”

Not the same doesn't mean “ inconsistent with” either.

So no point made.

Did you vote for Brexit: The above cruddy logic is one reason why the UK is in a mess and hedge funds are having a field “decade” with anything valued in £’s ….

… to paraphrase quotes thrown at the idiot Johnson … some people on this board have the “wrong skill set” for investing and should shut ip.

Bear market ... sell into every rally.

Back in for those sold.

Big trade gone through during the day.

HFEL sell has generally sold shares at a premium to NAV and bought additional stock with those shares. Fixed costs will of course be distributed across shareholders but the company itself takes a management fee as a percentage so revenues for directors etc increase.

As a benchmark, JCGI which is a pure China play is down from £8 a share to £2.23 in the past 2-3 years.

People that can’t play ups and downs should stick with deposit accounts.

Some people need to apply dome thought as well as reading below:

“ To your point on share issuance, we have increased the premium at which shares can be issued to ensure that existing shareholders benefit from the uplift of issuing new shares at a premium to net asset value. The increase in the size of the Company has the additional benefit of spreading the costs over a wider shareholder base. The proceeds derived from issuance are invested into existing shareholdings with a focus on companies that are about to trade ex-dividend to ensure that the revenue reserve is not diluted by new shareholders.”

Took those bought @ 78 and sold …. Around 82p pushed into GCP … let’s see if it retraces. If not fine.

Money pouring of the UK … and I can’t say I blame it. The risk is that some GCI income streams go under, while social housing assets will fall in value …. But at stands, unless debt is inflation linked … those non inflation linked assets will be paying debt off cheaply relative to the wider market … so good for them, and good for people buying in now IMO.

I’ll be topping up more next week.

Big dividend shorts have to pay ….. when this squeezes which it will … I’ll be enjoying the ride.

"Premier Miton Emerging Markets Sustainable Fund" ... Still very small and launched at a bad time but my other Miton Funds are holding up well.

News does seem to leak, however, so 50p bottom maybe?

"This is not a growth company needing more equity to grow its business and thus make bigger and bigger profits."

The company has been selling shares at a premium to NAV whilst EPS has been covered according to results ... maybe go work out what the drop in the top listed investments are to get an idea of the market volatility.

Funds such as this grow by selling shares preferably at a premium to NAV, whilst buying shares back when at a discount.

The share is currently trading some 2% below NAV with a divi on the horizon ... the risks here are China, Russia and Taiwan ... along with the Western spat.

Personally, and given the malaise in China and Hing Kong, it's hardly a surprise the NAV has fallen ....

... like pretty much everything on my watch list .. so I'm not quite sure what you expect.

Good spot .. grabbed a few.

Sept. 2023.

Sept. 3023

“ Crude oil theft was largely fingered as the factor responsible for the nation’s inability to meet either the budget benchmark or OPEC quota”

As I intimated below … it’s that time of year. Below £1.10 I’ll start getting interested.

Small rise in the morning followed by heavy selling is the short signature …. Wait for the fall first thing as a clue for a reversal.

Sure 55-50p the UK market is unstable. But one still can't predict the future.

MMs sell to retailers but also off load shares from institutions - Mugs game look at buy versus sells.

“ Surprised Temple isn’t sniffing back around here! ‘

Took a dip at 123.6 but sold a few days ago at 127.6 …. GCP/NESF have yields of 9.5% … that’s my focus.

“ Forcados Leak, Crude Oil Theft Plunge Nigeria’s Oil Output To 3-Month Low, Second Lowest in 2023‘

That time of year when floods and theft emerges …. Let’s see what happens … I’m in no hurry to buy here at this point.