Alfred,watching the share price is a relief mistake.Do the math,if you are growing by 14% compound,you double every five years Now,when the stock market decides to reflect that is another matter. |
Positive six month results. |
They've nowhere near doubled over the last 4/5 years. What's different about the future? Reliable(ish) but stodgy I'd say. |
This is macro stuff.Brexit us,of course,a lose-lose situation economically speaking,a mirage created by the Little Englanders who want to make Britain great again.It's easy to tap into the 'take back control' slogan when you want to appeal to the disaffected and disenchanted,the 'fight back' brigade.Ask them what they're fighting against and you'll get disparate answers.What's this got to do with DCC? Not much,but a crash -out Brexit will push up costs,increase the cost of business and sap investment. |
Thanks dj. I’m in for the long term, so hope you are right. |
Puzzled at today’s drop when Sentanta have crossed 3% threshold. Any views? |
These have been in the portfolio ,originally at 18 euros,before moving to the LSE.Over the years,I've continued to add,another 10 K today(euro minus stamp duty of 1%).1.9% dividend,(although it's much more on the original holding),growth rate of 20% plus ,a juggernaut of synergistic acquisitions ( try saying that while sucking a gobstopper!)and just starting to branch out in the US. |
Come join the party #BBSN |
DCC has sold Kent Pharmaceuticals and Athlone Labs to Duke Street private equity. |
Very strong results. |
They've lots of markets to grow in ,ie US,they've done 250 deals,taking other guys over,they have the firepower to do a billion take over(or lots of smaller ones).What's not to like? Apart from razor thin margins and weather related stuff. |
No reason for the share price weakness.If it continues ,I'll just have to buy loads more.£60 and I'll remortgage the house! |
Positive trading statement,even with the milder weather. |
trading update on Tuesday 5th February according to company website. |
Ok,now we've got the cold spell,now make it go away,thanks. |
hopefully can break past short-term resistance |
Speaking of pessimism,is it my imagination or has it been a very mild winter? I think we need a cold spell in Europe for the LPG business,pronto. |
Buffett sayeth buy for the long term when pessimism is at its height... or something like that. |
I'll be adding another 50K (euro) here when I access an account which has precluded me from buying single stocjs.It's the thing about investing,in many ways,it's the art of inactivity.Don't just do something,stand there! However,when the market insists on giving away stuff for half nothing,I insist on loading up |
Allianz Global Investors Fund SICAV above 8% |
I own both DCC and BNZL but over the last year or so DCC has under-performed BNZL.
BNZL has also been less volatile.
Why?
Maybe DCC are getting too diversified, with the Tech investments recently, a strategy I'm not sure I understand fully.
I don't know the reasons for this but prefer adding, when I do, to BNZL rather than DCC for the time being. |
To each his/her own ,I suppose.I focus on the operations of the company,I pay no attention to charts.What we have here is one of the all time great compounding machines on any stock market anywhere,outperforming any FTSE benchmark you care to mention.That's not to say they can't mess up,of course they can,but there's no evidence of it so far.As always ,short term/medium term ,the market can go anywhere.Long term is much more predictable.These guys,by my reckoning are fair value at circa £88.When they reach that price I won't be selling.I just never imagined I would get to pick them up at these sort of prices again. |
chart shows short term downtrend and dangerous to buy almost any stock at the moment with dow futures tumbling . I have no idea about the fundamentals as just trust
the charts normally . |
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