Wpp Share Discussion Threads

[nasdaqpat] 19/3/2017 00:34

Let's wait and see until the appropriate time...maybe September/October or after the bulk of the sell-off!

[gateside] 18/3/2017 21:07

Any racy growth or recovery stocks in mind?

[gateside] 18/3/2017 21:05

Point taken. Any special dividend I plan on reinvesting. Never understood when companies have a 'return of capital'. As they give you cash and then reduce the number of shares you have, so you end up no better off!

[nasdaqpat] 18/3/2017 20:54

I don't see a lot of point investing in Utilities for capital growth especially now that we are in a Secular Bull market. NG. has done well from about 2003 (I recorded 360p at one stage) but may have peaked for a generation @ 1148p on 6 Jul 2016.

Sure, its good for income and when the market starts to drop, it won't go down as much as less defensive stocks but I doubt whether the share price will go Up during a market wide correction. Yes, it might be good for a short-term gain prior to the market sell-off but most of any special dividend could be gobbled up on ex-dividend day.

I can understand why you keep hold cos its been good to you - just as SSE and PNN will have been - but, once the market has corrected, you would do a hell of a lot better by deploying the cash that they represent in some racier growth or recovery stocks. Its currently Up 3.48% YTD so maybe not a bad time to cash out

[gateside] 18/3/2017 18:08

Been looking at NG. - one of my longest held shares. Considering a top up ahead of NG.'s sale of their Gas Distribution and return of capital to shareholders.With Markets looking toppy, think Utilities could have a good run.

[nasdaqpat] 18/3/2017 11:45

No problem EI...pop in whenever you like and happy to discuss any observations you may have.

[essentialinvestor] 18/3/2017 10:28

Hi Pat, thanks for the offer, will read for market timing ideas if ok.

HSTN is my largest (single) stock position, trade this and keep a core
longer term holding.

This week buying DLG on the XD Thursday/ Friday my main addition.

Shires Income Trust my largest longer term income holding, dividends from SHRS
provide some flexibility to use capital on single stock positions.

Rarely hold much under MCX level.

[nasdaqpat] 17/3/2017 22:05

Essential Investor (EI),

You may have noticed that Gateside, Invisage and Videans (my wife and I) register our Year to Date performance at the end of each week (see Post 10178).

Would you like to be included?

[gateside] 17/3/2017 21:35

Definitely... the more the merrier!

[nasdaqpat] 17/3/2017 21:13

Its not me you've got to worry about!

Thought about asking Essential Investor (EI) if he wanted to be in this year's competition...we could do with his input on the thread especially now that Invisage seems to have become so reclusive. What do you think?

[gateside] 17/3/2017 20:40

Only 0.20% behind you now! :-)

[nasdaqpat] 17/3/2017 20:24

Quite a bit stronger than I thought!

[gateside] 17/3/2017 20:10

+2.29%Full update later on over the weekend.

[invisage] 17/3/2017 17:32

+4.30% YTD

[nasdaqpat] 17/3/2017 17:03

Our investments slightly underperformed today with a flat performance as opposed to a gain of 0.12% for FTSE100. Of our remaining 43 shares, we had 20 Up, 19 Down & 4 Unchanged.

For the week as a whole our investments ended up gaining 01.28% which was a slight outperformance against the FTSE100 which was Up 01.12% (7343:7425). Overall, our assets were Up 00.72% on the week. The calendar year performance table is shown below :-

FTSE250~~~~~+06.07%~~(18077:19095 + 00.44% Dividend Yield)
FTSE AS~~~~~+04.84%~~(3873:4038 + 00.58% Dividend Yield)
FTSE100~~~~~+04.57%~~(7143:7425 + 00.62% Dividend Yield)
Invisage~~~~+04.30%~~(Bad Mon-Thu but good Fri)
Videans~~~~~+02.49%~~(Solid performance on the week)
Gateside~~~~+02.29%~~(Strong outperformance on the week)

Segmental top may be in for FTSE @ 7447 and consequently stock level reduced to 47.3% from 56.7% at end of last week. Looking to sell more companies next week.

[nasdaqpat] 17/3/2017 15:59

Also sold SGC as starting to look like a basket case...down to 43 companies with stock level @ 47.2%.

[essentialinvestor] 17/3/2017 14:32

Pat, best of luck, will watch with interest.

As I rely on some dividend income unable to go completely in to cash,
around 35% about my limit, 18% cash as of now.

[nasdaqpat] 17/3/2017 13:38

Interesting indeed EI...somewhat extreme variation of running one's winners and dumping losers.

You are probably not aware but, ultimately, I intend to eliminate all but small companies (tend to have more potential) in our portfolio and replace with trackers and funds. This will save on costs but, more importantly, will partially avoid picking duds and the thorny issue of when to sell...I think its much easier to time an index rather than an individual company even if wave theory can help to some extent.

[essentialinvestor] 17/3/2017 13:20

Pat, thanks for the reply, appreciated.

Read an interesting article on long term market timing, where an
investor used the 300 DMA on the SPX (not the 200dma).

If the SPX was above the 300dma he stayed 100% invested, if below 100% out.

His view was that although not a precise market timing indicator, it captured
most of the advances and avoided the worst of severe bear market falls.

[nasdaqpat] 17/3/2017 12:38

I'm usually in the ballpark but not that confident on timing right now. However, America looks like its wobbling and FTSE's current Segment has run for 92 days and put on enough, IMO.

Yes, the Uk market will probably keep rising until at least April and we may well bulk up the trackers again in the coming weeks but, at some point, there will be a massive sell-off and I want our investments to be minimal at the outset of the weakness so I will be selling more companies over the next few days.

In any event, we still have a goodly amount invested and will still make money if the market makes further short-term progress.

A bit concerned about selling KGF as the depreciation of sterling could be a catalyst for HD. pouncing... results next Weds will be interesting.

[essentialinvestor] 17/3/2017 11:55

Pat, that appears very cautious, are you confident in ability to time larger market moves?.

[nasdaqpat] 17/3/2017 11:37

Decided it was time to start eliminating individual companies so sold BA., BLND, CBG, KGF, PRU & VOD...now only 44 companies & stock level reduced to 48.0%.

[nasdaqpat] 16/3/2017 20:26

Could be...but that seems far too predictable so controllers will probably have something else up their sleeves.

[gateside] 16/3/2017 19:40

So sell in May then?