The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Stuartrm, I was simply stating that we have reached that point and that this In my opinion will effect the fluidity of investment in the future.
I mentioned this as it had relevance to the poster before me.
In terms of effect all these things are worthy of consideration (as are the perhaps deeper technicals).
I'm not advocating a situation in which numbers are wiped out as that of course would be of no "benefit", despite (as you state) this being a possibility.
As every world economy depends on citizen to power it, the problem isn't going to particularly improve on any way.
I was simply tempering the recent posters expectations as goes continued appreciable recovery, despite feeling some distance on this is liable to happen nonetheless.
Apologies if it's too simplistic for this forum.
I'm with you on this Ripley94, but the news yesterday re increasing the UK defence input spending we are living in an increasingly volatile world which (imo) is increasingly imbuing volatility on the markets.
Once world inflation is tamed and interest rates are no longer an abject fear to those more inclined towards faster profits, I agree with you things will pick up.
My only reservation is that big bumpy and demoralising knocks may seem increasingly likely in a world that has just far too many people in it.
I can understand why someone might buy/sell in short succession with the individual interests in a shares it package like SMT, but not SmT as a conglomerate.
Of course trading in individual investments will follow this pathway effecting the price of SMT ultimately, but SMT is always going to remain a buy in and stay in investment to get the best out of it.
We should see a rebound on Monday (he says cautiously) which I hope (he again says cautiously) underlines the temporary nature of many events creating negativity... Pessimism rules of course...
Looks likely continued low sentiment for SMT comparatively given the 4.23% loss following the US open. They appear to be particularly negative as concerns the IT although some of it might be due to the recent news of pairing of 10% staffing that suggests Tesla demand downturn?
Ostensibly generalistic stuff down to fears of an expanding middle East conflict... Perhaps the powers that be in Israel might now be threatened with withdrawal of weaponry if they respond against Iran and grow up a little given they struck recently first?
I'm not holding my breathe but am hanging in in there nonetheless....
Longer we might hope, LLL.
I must admit to becoming slightly baffled as to the continued distrust in SMT which is still so evident when comparing to the likes of others such as pct and att (both of which having wiped their faces or beyond since the falls of 2021). Sure you are right in that high inflation is continuing to linger, but given that the others have undergone a fulsome recovery (albeit not far in excess of their 2021 peaks, SMT rain somewhat in the doldrums).
I note the nav is currently around -7% and that unlisted concerns (a big wodge) are only fully worth evaluated after 12 months, but most of the portfolio should now have been evaluated?
I'm holding come what may for more recovery to come, however, so just musings. That being said there are still no signs as goes sentiment that SMT are seen as undervalued and a future cracker.
What do you think on this and what are your thoughts concerning such lacklustre continued recovery (much discussed in the past, I know)...
Sentiment, sentiment..
The penny will drop, but primacy trumps recency (look it up if needed).
Nothing bad about SMT but the water needs to fill SMTs optimistic basin in order to outweigh it's pessimistic one.
The world is really very full of impressionable people I'm afraid...
That I would trust DorsetLSE. It's good to have an impartial ear to the ground to relate to.
Given that I rarely sell and only have 5 holdings (4 of which are ITs) in total which I am treating as a long term investment which I will ultimately draw down if needed to complement my pension, I'm not sure that would work for me but can see how it would be a useful subscription for a more dynamic investor.
I'm interested in other perspectives of the investment media? Does anyone find any of it useful or informative? Does any media outlook have a history of providing insightful info?
I guess we aren't talking Motley Fool here...
I take interest in world politics, news and economics but have been constantly dismayed by the advice of most of the financial media (beyond generally truthful news such as the FT). It's never done my investment strategy too much harm to go my own way and stay, but then I'm not often a buy/sell/buy type of person and I have always regretted it when I have done so. I put that game to bed a long time ago beyond shifting my perspectives slightly based upon my own s
observations.
Am I alone? I would be interested in perspectives.
Sfh300 I say that with thanks for providing the link. On a positive basis I believe it at least points to the fact that these investments have better days in them just in the same way as they have just experienced bad. I always adhere to my mantra however of buying well and holding. Despite seeing myself lose around £80k down to SMT plunging since Nov 21 alone, I have never regretted holding it throughout and see no reason to discontinue this stance (especially now).
Sfh300 I say that with thanks for providing the link. On a positive basis I believe it at least points to the fact that these investments have better days in them just in the same way as they have just experienced bad. I always adhere to my mantra however of buying well and holding. Despite seeing myself lose around £70k down to SMT plunging since Nov 21 alone, I have never regretted holding it throughout and see no reason to continue this stance (especially now).
i think what they mean is "is it time to create cash for the financial services involved in drumming up fees from sell and buy deals".
given the piece (as usual) has basically no conclusion to the question proposed yet acknowledges the fact that the "dog" investments might have done very well indeed before certain economic spectres hit the scene (the reasons for which are obvious to anyone holding a chunk of cash in any of it), i'm pretty sure we are all none the wiser by the piece.
my point is not to be contentious just for all to simply gravitate down to the fact that many such pieces are written purely to generate investment activity (which is highly profitable.
doghouse my **** and i'm holding every cent invested across all my "doghouse" investments.
me? cynical???
noooooo... 😉
Thanks StrictlyZinc. I do think £30 by the end of the decade is excessive, but as you say I certainly won't bet against it for no good reason.
Its not all positivity from me however, but for global reasons rather than as goes an individual IT such as SMT.
I truly believe that the world now has far too many people on it and is facing a slow catastrophic window toward ultimate human extinction. That's a big assumption but the evidence has been mounting for this over decades and the facts are now all plain to see. There will be more and more world economic draining wars and natural catastrophes, and there may be also a greater repetition of world inflationary events such as the mother of a one that we have just been through...
On that basis does that mean that tech (including those ITs that even loosely gravitate around tech) necessarily has/have to be come unprofitable? Tech for me is all about evolution towards current need, and that's simply why tech wil always be profitable long term (volatility excepting) as mans strongest desire is to survive and prosper.. it's a repetitive matra from me that one, but one I am not sure people always fully appreciate.
SMT was highly overpriced at the time it started downhill amongst all similar in Nov 21 and I'll personally be ecstatic to even see £20 by the end of the decade.
Buy on basic facts, don't get swayed by media without obvious cause or conviction, don't follow the herd when things tip on negativity, be convinced, never sell.
Amen.
there is absolutely no reason for negativity as concerns smt. the fact that there is (as in it's a slow rise comparative to the likes of att) shows clearly to me that it's purely a case of smt being the presiding media negativity target. it all started rolling downhill on the announcement that anderson was going and presumption he was leaving a sinking ship. distrust in slater (even evidenced by people on this forum) and the bhide bust-up *******s also set people's minds generally against the trust. the nail in the popularity coffin then was of course the rise in unlisted acquisitions, the apparent drop in sp and sentiment down to that being the ridiculous assumption that all 30% of investment was doomed to total loss..
i've always expounded the underestimated negativity of media influence on here (on occasion being told it is only of minimal consequence), yet my knowledge of human psychology says otherwise.
the 30% unlisted aside (and only because of the irrational fear this engenders in punters despite them all being potential biggies of the future with fabulous financial parachutes) may well be a consideration for smt to taper down as it bars the purchase popularity.. i do however see smt as a great investment even at its current price (steadily up in a non volatile fashion over the last many months). my prediction is that there will become a point at which the upward curve outdoes that of att (for example). for me that is simple logic, which is what we all need to focus on and not human emotion. nice also to see some positivity on these pages (at long last) from many who have despaired in the past.
another point struck me the other day.. less than a year ago there were stories circulating in the financial media that the nasdaq was broken and would never attain or exceed 13,000 (ie tech is dead).. i also accept arguments that "smt doesn't strictly follow the nasdaq", but i've been looking at it every day for the past 2 decades and it does actually relate at least in comparative terms extremely well (just saying)..
all i'm saying really is that we should banish any speculation or thoughts of the media who fund themselves via their sown speculation, largely ignore the accompanying reactions of the herd and just look at the basics facts and likelihoods. it's taken me a great many years to understand this is what it all comes down to and i've been correct so far. it's not all of it, but it is most.
Stuartrmn, I hold an equal amount of PCT as SMT and agree it has done a lot better since the general decline beginning Nov 21.
I personally believe this to have been for a number of over hyped reasons that still engender stubborn resistance (discussed on here over the last couple of years to exhaustion) and feel it likely that SMT will gain popularity and outperform PCT in the not so distant future.
Could I be wrong? Yes... but I do view the likelihood more likely than the reverse scenario.
I still consider SMT a steal at today's SP as nothing has really occurred in that portfolio that actually evidences such abject negativity (excepting the increased risk as concerns the 30% unlisted holdings, that is).
Welcome ThePecker.
I guess we all wish we had sold at £15 and bought back in at £6.40, but no one knew where it would stop, I suppose.
I agree it will again get past £15 in the LT, but think this will be quite a number of years in all honesty.
To be realistic that level was reached at the time down to everyone piling their money into it as it was outperforming everything down to beautifully fitting conditions.
Lovely to see the volatility lost in recent months as we emerge into greener pastures, but at £15 I guess we all knew it was a pretty frothy valuation.
Let's hope that if it's all down to the lack of future confidence the well paid managers have the insight to see the future likelihood and adjust accordingly.
I'm thinking tech developments in AI and other advances might however play a reasonable part in this.
Whichever, I'm guessing it will effect come concerns more than others in whichever direction.
The pressure is also (rightfully) mounting re regulation for concerns such as meta and others, going from US critique and challenge (in the main) to a more Westernised lowered tolerance re regulation.
I have to say that I totally agree with Brianna Ghey's poor mother in restricting FB (and other med) down for children, which of course is going to dent the profitability of these type of concerns..
Will it happen? In the past it's been difficult down to the base fact that these companies are "doing nothing different or illegal in their current operations, yet I believe the snowball is getting bigger and there will be one a point.
Interesting thinking both as goes the investment in these companies and (ultimately as shareholders) our consciences.
It's only a 6% up on 6 months ago today, make that 5.5 months and it's nearer 20%, but whatever.. Volatility, volatility (hopefully less of that now)..
I guess no one knows anything beyond the certainty of death, but heading towards greener inflationary fields I would agree that investing in SMT for the long term from here on in would appear a fairly rational strategy however it subsequently ends up (to my mind at least).
That from someone privileged enough to have suffered the good over many years, then the very bad post Nov 21 (bust still being very happy with the net return over my long investment period). A massive shock to those buying more recently, which I am empathetic to.
It's certainly a long term hold or nothing I would suggest, and there is certainly always the possibility of further volatility and shock.
Nice article, LLL. Thankyou.
It summed a lot up for me... Volatility and risk aversion being major keywords in the article that to my mind have played a big part in recent underperformance whilst not being particularly logically derived when looking at the big picture (imho).
Admittedly it's been rocky, but I believe those disciplined enough to sit on their hands will likely see fruit before too long.
Tambo 210. Ok, I accept it's a bit convoluted, but I get what he is saying. He is basically saying that it is more important to procure the future success stories than those that don't blossom.
It makes sense to me and I believe it to be an honest statement that reflects the attitude of SMT.
How do others read it?