I E Hy Cp Bnd A Discussion Threads

[aussiedonnie] 14/12/2006 18:46

I say this market is on the start of a HIGH.

FTSE 7000 = 2007

[davidcod] 07/2/2004 15:49

FTF looks interesting.....

lol

[indalo] 29/10/2003 13:35

Deano is no longer with us....He's doing other things and hopes to start trading again at some point soon.

good call though wasn't it!

[yz426] 29/10/2003 13:33

Deano,

The timing of this thread was impeccable! If you're still about, I salut you.

Regards,

Andy

[isis] 27/2/2003 00:24

..it's a dirty job...but someones gotta doit.......

[dodddy] 27/2/2003 00:11

'bottom pickers soon become cotton pickers' someone once said ;)

[isis] 26/2/2003 10:55

seela - all those AIM stocks are up bar IDD which seems to be flipping out a bit.
GLD up 100%
TRW holding steady with a big buyer in the background (Oyster)
EPI well & truly easy.
IDD needs some attention.

[seela] 09/2/2003 17:35

Cheers

I'll check them out.

[isis] 09/2/2003 16:33

EPI/IDD/TRW/GLD in the case of the last 2 they have come down from the main market to reduce costs & in the case of the last 3 Directors have bought heavily often at higher than the current market prices & have large holdings.
All are tech related & are market leaders in the UK - EPI even pays a dividend.

[seela] 09/2/2003 16:14

Isis

One thing I am sure we both agree on is that it would be nice if the Chancellor would allow us to put AIM stocks in an ISA!

(Uness they have changed the rules when I wasn't looking, you still can't do aim stocks, although you can do lots of secondary markets in other countries).

I have had to pass up a number of attractive aim stocks as long term holds because I had only ISA capital available, and so had to buy main market stocks.

Seems a ridiculous rule to me.

Anyway, what are your favourite aim stocks at the moment?

[isis] 09/2/2003 15:43

As I said the term was used loosely to imply grwoth & risk - but of course you can argue the toss. I think companies in the Nasdaq/AIM are likely to bounce back faster than traditional markets once we see signs of any economic recovery.
Of course each company should be rated on it's own merits & there are some real winners & dogs in either.
I am already well invested in AIM stocks as the companies I like happen to be in there, many have actually moved off the main market to join the AIM & to be honest you would not have fared much better on the main listings over the last 3 years.
Of course this is my opinion & I may have got it wrong.

[seela] 09/2/2003 15:21

ISIS

Tiger economy doesn't have anything to do with the subjects of this thread.

It applies to national economies.

It would be even more irrelevant than "emerging markets" when applied to AIM or Nasdaq.

[seela] 09/2/2003 15:19

ISIS

One reference to "growing" - but no supporting suggestion that there is any practical policy preference towards fast growth.

I would be extremely surprised if the rate of earnings growth has much bearing on aim acceptance. Sounds like a marketing word chucked in because it adds a bit of glamour to the KEY word - "smaller".

Obviously, any small company wants to grow, of course.

But if your strategy (which has developed in recent posts but wasn't even mentioned at the start of the thread) is the buy these indexes because they contain mostly growth stocks then you need to do a lot more than look at one word on the AIM website.

Just because the word growth is mentioned on the website, it doesn't mean that these indexes actually contain any higher growing stocks than the main market.

Do you have any stats to base your investment call on?




BTW, the thread title seems to be suggesting "buying the indexes themselves", as it doesn't mention any individual stock.

But the initial post does NOT contain any pointer as to WHY buying these indeces is a good idea, other than that they are "emerging".

So, in my opinion, you have started the thread without any clear idea why one should buy these indexes, and are developing your supporting reasons ("growth)" as the thread progresses.

But are possibly finding that you have actually not (yet) researched any statistical basis for even being sure that these indexes contain more high growth stocks, let alone whether, if they DO both have more growth stocks thasn the main markets, whether that makes then similar enough to be compared to each other and worth buying them both.

If, indeed, the factor you believe is worth buying now is "GROWTH", then it would be clearewr if you started a thread on growth stocks - which can be found on all the exchanges, not just Nasdaq and AIM.

I still don't see any evidence that Nasdaq and Aim should be lumped together - although if someone showed me evidence that both indexes ACTUALLY CONTAIN a much higher % of growth stocks than the NYSE/LSE, then that WOULD give them something in common.

My point is that currently you do not seem to have really checked whether this is REALLY the case.

So, you have started a thread with a vague premise, and now are having to do research to try to support it.

Obviously it would be better to do the research first!

[isis] 09/2/2003 15:10

seela I use tha 'emerging market' term loosely as we don't really have an equivalent of say the Tiger economy.

[isis] 09/2/2003 14:56

From the stockexchange AIM site:-


AIM is the London Stock Exchange's global market for smaller, growing companies. Good companies from different sectors and different countries are welcome on AIM.
Since AIM opened in 1995, more than 850 companies have been admitted. Collectively, these companies have raised more than 10 billion US dollars whilst on AIM.

There are no specific suitability criteria for companies to qualify for AIM. However, under the AIM rules, all companies must produce an admission document making certain disclosures about such matters as their directors' backgrounds, their promoters, business activities and financial positions.

Importantly, all AIM companies are required to have a nominated adviser (popularly known as a "nomad") from the register of such advisers published by the Exchange. This nominated adviser is responsible, amongst other duties, for warranting to the Exchange that a particular company is appropriate for AIM. This is an important quality control for AIM and a very serious responsibility upon the nominated adviser.

Once admitted to AIM, a company has certain ongoing disclosure requirements and needs to retain a nominated adviser at all times. Ordinarily, once a company has been on AIM for two years it will have the opportunity to seek admittance to the main market by using a special expedited procedure.

AIM is operated, regulated and promoted by the London Stock Exchange.

[seela] 09/2/2003 14:46

isis

You say you use the term "emerging market" for AIM and NAS because they focus on growing companies, but surely even if this IS true, it is the individual companies that are "emerging", not the markets?

Which is probably why you are the only person I have ever heard refer to Nasdaq and AIM as "emerging markets". Is this your owm unique terminology, or have I missed something?


As for whether the Nasdaq actually DOES contains a higher proportion of fast growing stocks than the AMEX or NYSE - can you point to any data to support this? May be true - maybe not.

Also, does the Nasdaq explicitly say that it deliberately targets growth stocks?
Again, you maybe right, but I'd appreciate a pointer.



I am also not sure whether AIM deliberately targets growth stocks either. I thought it primarily acted as a starting point for stocks that wanted a listing without the full regulatory requirements, regardless of the company's growth.

Of course, smaller companies (which AIM takes on because small companies like a lighter regulatory environment) DO generally tend to be in a faster stage of growth than mature companies, but I would be interested if you could point me to any reference that AIM actively seeks stocks purely because they are growing earnings fast.

Cheers

S

P.S. Still think they're going down ;o)

[seela] 09/2/2003 13:54

Oh, BTW, moving away from fact into the realms of opinion for a moment, I am 95% sure that neither index has bottomed either ;o)

Sorry to be such a party pooper.

[seela] 09/2/2003 13:47

isis

The reason I ask if you are new is that I have NEVER before heard the Nasdaq or AIM referred to as an "emerging market".

"Emerging markets" is conventionally used to refer to countries that
have not yet developing western style sophisticated economies and stockmarkets.

Like russia, china, cyprus, Brazil etc. etc.



But it seems you are using the term to refer to 2 indexes in US and UK - two of the MOST developed countries in the world.

I have never heard the term used in this way.


Furthermore, I have never before heard AIM being compared to Nasdaq.

Nasdaq is known for being very heavy in technology stocks - including many blue-chips.


Whereas AIM contains a similar mixture of sectors to the FTSE/S&P.

It is NOT technology-heavy at all.

For example, AIM has just 2 telecom companies, but about 20 restaurant and pub groups.

AIM is not in any way comparable to the Nasdaq - either in size of stock, or in sector weighting.

Aim is known for tiny companies - across many sectors.

Ths Nasdaq is known for large and medium sized companies, - mostly tech.


In fact, it is possible to argue that the two indexes are about as different and non-comparable as it is possible to get.


Apart from those few little niggles, love the thread!! ;o)

[dead cat bounce] 09/2/2003 10:06

I can't help but feel that we have not yet seen the bottom of the Nasdaq. November's rally, although it took out the August high, ultimately failed. A second attempt in mid jan also failed and the November and December support has been breached. TA is not an exact science, of course, but on the chart evidence, the probability is that the October lows will be tested again.

dcb

[energyi] 09/2/2003 10:03

isis,
have a look at historical pe's vs. where we are now.
this is no low, i can assure you

[isis] 09/2/2003 09:52

I've been investing for over 20 years good & bad - but I feel the risk/reward ratio is perhaps higher than the FTSE or DOW at the moment & there are some very good companies on AIM & the Nasdaq.

[seela] 09/2/2003 09:29

Would I be right in guessing that you are rather new to the financial markets?