The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Drifting, you seem to think GSK is my only share. As of this morning it makes up 4.4% of my portfolio. But thanks for the advice about broadening my horizons, doing some better research, diversifying and "going global" (have I missed anything?). I'll be sure to crack on with all of that straightaway.
Seaking I would agree with you but I've been saying the same for too many years and the future never seems to come for GSK. Side by side with any one of numerous other large pharmas, GSK comes a pitiful second. It's just like being a Spurs supporter, which I have been since 1965. A life dogged by despondency and under-achievement (them, not me).
I've held GSK for quite a bit longer than a decade and other than a once decent divi, it has disappointed virtually constantly. I have watched AZN and others reward investors handsomely while GSK treads water and occasionally sinks. The split earlier in the year was supposed to release value and instead, both shares have plummeted. I'm with Fox. When I can get a half decent price, I'm gone.
Am currently reading Dominic Seabrook's history of Britain volume 1974-1979. The parallels with today are extraordinary although inflation was worse then and so was unemployment. In 1979, Mrs Thatcher rode to our rescue with her unpopular and divisive policies and also sticking it to the unions, which had way too much power and as today, made matters worse by constantly going on strike. Callaghan and Wilson were hopelessly out of their depth and it was Chancellor Denis Healey who was the catalyst for change (parallels with today anyone?) . I cannot see Liz Truss riding to our rescue this time round and Starmer is a nice bloke and a hopeless politician. There's nothing like a good world war to stimulate growth and boost the economies of the victors. If only there was some way for this to happen...
MP you are right but that is not the cause of the crisis. The problem is that nobody believes that having such a huge amount of unfunded debt is a good strategy and undermines the view that the British economy is well managed by competent individuals. There is also the view that the tax cuts will increase inequality, which seems pretty obvious and this equates to political incompetence as well. And just think, we thought Boris Johnson was useless.
Problem could be that TW is more prevalent in London than other housebuilders and you can't buy a house there without stumping up a shedload of stamp duty. After what seems an eternity of prevarication, I dumped all my TW shares at 1.08 last week. Took a hit but have done well trading them over the last 10 years, so not too disheartened. Not sure about the outlook though. Bit bleak IMO.
Isn't Eccles a type of fruit cake? A name well chosen in Eccles04s case. First up, vaccines do not prevent transmission and that was never their purpose. They provide antibodies. What has the vaccine failed on? Name one thing! It has kept untold thousands (millions?) of people alive. Eccles, you are natural selection in action. Unvaccinated, more likely to die, less likel;y to breed. Job done.
Nice SP rise today BTW (just to stay on topic and keep the whiners happy).
People will make emotiional arguments all day long in support of their favourite share . I agree that ITM is a decent project and may have a decent future but it idoesn't make a profit or pay a dividend and has a miniscule turnover for its current valuation. That's why it isn't an investment, but a punt. Investments are made using rational arguments, not emotional ones. Like most people though, I am not averse to a punt and ITM is a candidate, but an investment it is not, not in my world anyway and won't be until it starts picking up some meaty contracts. I do know that these boards are littered with the corpses of those who have put way too much into dead certs which are now just certainly dead. I hope ITM isn;t one of them but pocket money only is my limit here.
As a long term holder of a sizeable chunk of GSK shares, I am very happy with the rejection of ULVR. I have quite a few ULVR as well, but out of the two, GSK is more likely to impress over next few years. It might be held back a bit by the overhang, but that shouldn't affect earnings or divs. I see it as a buying opportunity. Selling to ULVR would have been a short term win and a long term loss.
Reading some of the comments and questions below, I think some people should never invest in the stock market. If you cannot answer even the most basic questions or do even the most basic research, (such as read a newspaper), how are you ever going to make a wise investment decision?
Interesting article here:
https://www.renewableenergymagazine.com/hydrogen/finland-to-build-a-national-hydrogen-infrastructure-20220623
Robleo I agree. I have cash waiting and nearly went for MNG yesterday but am still cautious. Recession is the big fear (other than a nuclear Putin) but it looks like the markets don't fear the impending end of the Johnson shambles. And neither do I.
Broker recommends are mythical nonsense. The cynical realist sitting on my shoulder says JPM are probably just sitting on a boatload of ITM and desperate to unload it. I currently have a miniscule ITM holding and would love it to do well but the valuation for a Company with a low relative turnover and no profit has been dopey.
Pleasantly surprised? I have low few thousand of these and am undecided, so some opinions would be appreciated. It seems I am buying what was a decent divi payer with a healthy asses appreciation at a reduced price which is substantially above the NAV, dragging down the NPV in the process. And yet sentiment seems broadly positive. My experience of similar cash calls is rarely overwhelmingly positive. Fire away.
Quote:
"This is a good entry point….with only geo political factors to worry about."
Seems to me this is kind of crucial at the moment. I have cash waiting and losing me 5% plus pa in inflation but I'm still inclined to keep my powder dry. LGEN is my second biggest holding by current value and I did buy a few more after Putin's madness started but for the moment I think it would be unwise to commit to too much. I've short-termed a few IAG today and wish I had done it yesterday. Same with LLOY. At least I will be happy to keep both if or when the wheels come off again as I suspect they will..
I first bought into SSON around 2 years ago and have added modestly over that period. Not a top ten holding for me but maybe a top 20. It is now down 30%, which means it will have to go up by more than 40% to reach the December 2021 peak. I'm not sure I can eat that much pizza.
Too few of the holdings are likely to perform well as the pandemic eases and people' habits change (or revert to normal). For example, Domino Pizza. Dominos won't go away, but people will eat out more. It has already happened. And that alone accounts for over 8% of the fund. Recovery here will not be quick and it seems like the fund managers didn't see it coming. Now nearly 30% down since December and counting.