Buffettique Discussion Threads

[stevieweebie2] 26/10/2020 10:54

Oh wow, thanks, Im gutted, I almost entered the IPO but the timings shocking, Vix is expolding and its gonna kick off stateside and thats just the thin end of the wedge. what a shame though.

[3ootuk] 26/10/2020 08:33

It's a bit rubbish if they can't raise a relatively small amount in this market.

"... In a statement, Sanford DeLand Asset Management (SDL) said: "The company has received a broad level of support from a significant number of investors and has been encouraged with the response to the investment proposition, however, overall demand has not been sufficient to meet the minimum gross proceeds set out in the prospectus published by the company on 30 September 2020... "

[killing_time] 26/10/2020 07:50

Its been pulled, didn't meet lower limit on raising funds. Bit gutted.

[strollingmolby] 06/10/2020 21:37

Yes, I'd like to see a brief pullback in mid-October before committing! :)

[stevieweebie2] 06/10/2020 21:33

Thanks I've read a few myself, it looks promising but the timing is shocking with the market about to rollover and the US election at the same bloody time. I'm still interested though.

[strollingmolby] 06/10/2020 21:31

No problem, was excited to see this IPO so may participate in the IPO later this month.

There's a few articles out covering this launch, here's a good one in the Telegraph:

[stevieweebie2] 06/10/2020 21:09

Yes I've been considering adding to my SIPP thanks for the thread

[strollingmolby] 06/10/2020 21:03

Sanford de Land will be launching an investment trust run along the same lines as their existing UK Buffettology open-end fund.

Buffettology Smaller Companies Investment Trust PLC intends predominantly to invest in shares issued by companies listed or traded in the United Kingdom with a market capitalisation (at the time of investment) of between £20 million and £500 million. The Company’s investment objective is to provide shareholders with an annual compounding rate of return over the long term which is superior to the Numis Smaller Companies plus AIM (ex Investment Trust) Index.

Subscriptions for IPO close on 23 October 2020
First dealings on 29 October 2020

[traderabc] 24/9/2013 20:14

In this episode of the Keiser Report, Max Keiser and Stacy Herbert, discuss the US Federal Reserve Bank as 'the greatest hedge fund' in history and ask whether or not their quantitative easing policy is like trying to pass pork off as a prime cut of beef. In the second half, Max interviews precious metals trader, Andrew Maguire, about JPMorgan whistleblowers and the Federal Reserve Bank taper hoax.

min 4 ish, till the end.

[topvest] 01/3/2013 20:39

Warren's Annual Letter is out later on today. Always worth a read.

[traderabc] 29/11/2012 09:18

28 November 2012 Last updated at 22:04


Billionaire investor Warren Buffett believes the US fiscal cliff may be solved by January rather than December.

Congress has until 31 December to cut a deal to stop existing economic stimulus measures terminating and huge automatic spending cuts coming into effect.

While Mr Buffett said politicians may miss the deadline, he thought a deal would follow shortly after.


Warren Buffett: Fiscal cliff talks could miss deadline

[traderabc] 29/11/2012 08:20

Warren Buffett With Charlie Rose On Dimon, Geithner, Fiscal Cliff & Taxes

[careful] 14/10/2012 15:36

All of that money means nothing when confronted with serious illness and old age.
sobering.
but Warren is wise, he knows that already.

[topvest] 14/10/2012 14:19

Hope Warren Buffet is OK - all gone very quiet since his treatment started. Lets hope he is better soon.

[hedgehog 100] 14/10/2012 14:09

Warren Buffett has relatively recently been investing in the solar sector:

Warren Buffett Invests In Uncertain Solar Energy: FSLR, NRG
Dec 19, 2011
First Solar Inc. is the largest U.S. solar company by market cap. Earlier this month, a subsidiary for Buffett's Berkshire Hathaway (BRK.A)(BRK.B), MidAmerican Energy, purchased the 550-megawatt Topaz project under construction in San Luis Obispo County, Calif., by First Solar (FSLR). On December 16, MidAmerican Energy acquired a 49% interest in the Agua Caliente solar project from NRG Energy (NRG). The NRG project, expected to be completed by First Solar in 2014, has the investment appeal of having a long-term purchase agreement from Pacific Gas and Electric for all of its energy generation, and the support of a $967 million loan guarantee from the U.S. Department of Energy. ...


Warren Buffett's Solar Investment
Warren Buffett Bets Big On Alternative Energy
By Jeff Siegel Monday, December 12th, 2011
... This is about making money - and nothing more.
And that's exactly why Buffett pulled $2 billion out of his winter coat pocket and bought First Solar's (NASDAQ: FSLR) 550 megawatt Topaz solar farm last week.
Although the sector has been absolutely crushed this year, the long-term potential of solar remains solid.
And now that shares of most public solar companies are trading so low - and the smell of consolidation is permeating through the industry - the smart money's sniffing around, looking for bargains.
This is what Buffett found in his latest purchase: a utility-scale solar power project with a long-term power purchase agreement boasting some very attractive rates.
Of course, I would caution that despite the bullish stories that have played out over the media since word of the deal broke, the solar industry still has some climbing to do to get out of the hole it's in today.
Despite good news for First Solar, the fact remains that oversupply issues will likely continue well into 2012.
Probably not until Q3 2012 will we see enough significant demand to really move that backed-up supply.
Point is, the deal is positive for the long-term prospects of solar (Buffett wouldn't be in if that weren't the case), but its effect on the entire space is minimal...


5 Lessons from Warren Buffett's $2 Billion Solar Farm Purchase
By Raz Godelnik | December 13th, 2011
... 3. This deal is not necessarily a vote of confidence in the future of the solar industry
"Let's be clear, this is not Warren Buffett taking a bet on solar technology," said Michael Horwitz, solar analyst at Robert W Baird. "This is Warren Buffett investing in a power plant that is guaranteed to yield large cash flows for at least 20 to 25 years," he added. "The power plant just happens to be solar powered."
I agree with Horwitz. It's true that Buffett is no stranger to renewable energy and has invested in wind energyas well as in the Chinese electric car maker BYD, but at the same time he's not shy of investing in coal. The bottom line is that Buffett knows how to identify a good deal. Here it happened to be a solar energy deal. It's true that this deal will probably increase the level of confidence the markets has in solar, but we have to be realistic – this deal is not a big statement about solar, it's just a good deal for both sides that took place because of favorable terms. This is why you won't see Buffett buying more solar plants unless he's got similar terms. ...



PV Crystalox Solar (PVCS) could be a good way to emulate Buffett in trying to make money from the solar energy sector, and I think that it's the sort of 'value' investment that would have appealed to him early in his investment career: trading at barely a third of net cash at the interim stage (with no net debt), with hefty compensation settlements expected from two ex customers, and the possibility of asset sales.
PV Crystalox Solar: the Value Thread (PVCS):

[traderabc] 13/10/2012 09:56

Is Buffett America's biggest welfare queen?

[traderabc] 04/3/2012 18:55

Hi tenapen, stocks could be fine, if you get the right ones, it might be safer buying the etf of the actual individual commodities, or a basket of them, for example AIGA , but they aren't that good for the long term with their built in time decay.

Buffet bought silver once,at historically 'the lows', there was something strange about the whole affair, as he claimed, years letter that he made little from it, I'm grateful he announced his purchase, as his action influenced me to buy silver too, (still holding)

I don't trust the guy these days, when he came out with his support of the banks, that was the final straw.
He might hate gold but he's right about Agricultural land, just as Rogers was right (years before Buffet) that agricultural commodities were/are the place to be.

[traderabc] 04/3/2012 18:01

Warren Buffett loves to bash gold - claiming that stocks are inherently superior, because they produce a return, whereas gold just sits. Trouble is, stocks (and all paper assets) are subject to counter-party risk, whereas physical gold isn't. Gold doesn't overcompensate its CEOs, it doesn't leverage its productive capital in toxic derivatives, it doesn't cause industrial disasters like Deepwater Horizon, its value isn't dependent on central banking, or securitisation, or American imperialism, or the machinations of the military-industrial complex. It just sits, retaining its purchasing power.

Warren Buffett had a great ride: he grew his wealth and businesses in an era of unprecedented growth powered by OPEC oil, and later by Chinese industrialism. That era - the era of the American free lunch - is coming to an end. His insights are applicable to that era. Today is a different world

[traderabc] 04/3/2012 18:01

Why Warren Buffett hates gold?-On the Edge with Max Keiser-03-02-2012

[mozy123] 16/8/2011 18:28

run your winners, cut ur loss's fast.

[ebeing] 02/8/2011 17:33

I noticed an advert on ADVFN today that suggested Buffet TRADES LIKE A GIRL !!! It made me chuckle ........ LOL ...

.... The advert was trying to sell a book suggesting it was a good idea to trade like a girl !! Well that's a new one on me !! ....

.... My partner would be useless at trading - she says she would sell as soon as she got £50 profit ...... Yes that sounds typically GIRLY but it doesn't sound like a winning strategy to me ....

... Like most men I suspect, my strategy is to hold out for max profit or cut losses if market goes against. ......... Any thoughts any one ??

PS APologies to any successful Female traders out there, I'm sure u r very good and there's huge numbers of u lot, its just the advert made me chuckle .. LOL

[traderabc] 21/7/2011 09:06

Warren Buffett's Wells Fargo Busted For Lying To People, Wristslapped With $85 Million Fine By The Emperor Of Moral Hazard Himself

Submitted by Tyler Durden on 07/20/2011 15:06 -0400

Just out from Bloomberg.

Federal Reserve Board issued consent cease, desist order, assessed $85m civil money penalty against Wells Fargo, Fed said in email statement.

Order addresses allegations that Wells Fargo employees steered potential prime borrowers into more costly subprime loans, falsified income info in mortgage applications

Order also requires Wells Fargo compensate affected borrowers

$85m civil money penalty is largest Board has assessed in consumer-protection enforcement action

Penalty is 1st formal enforcement action taken by a federal bank regulatory agency to address alleged steering of borrowers into high-cost, subprime loans

Wells Fargo also required to improve oversight of its anti-fraud, compliance programs, incentive compensation, performance mgmt policies

Wells Fargo didn't admit any wrongdoing