Ig Design Share Discussion Threads

[darrin1471] 18/8/2022 08:51

I meant that I thought a bear rally had peaked at the end of July. I trimmed some holdings that had done well and sold others. The rally has continued and again looks like it has peaked, but I was wrong last time. Looking back at what I sold at the end of July the majority have fallen back.
I have day traded on two occasions this year. The bounce after the Ukraine invasion and IGR on the recent spike above 200ma

[hamhamham1] 18/8/2022 05:55

Maybe, guess I was looking at my portfolio specific value over past couple of months, since early June lows.
And if you look at e.g. the FTSE 100 chart, it's recent high point was this week. And the 250 similar maybe? (The 250 lower over 12 months though - hence a lot of small cap bargains out there).
What the longer term direction is, who knows.
But like I said, I don't trade, don't have the skills, and it interferes with my sleep :)
Am just trying to buy near-ish the lows and hold for the medium term, or unless buyouts or ultra rapid rises.

[darrin1471] 17/8/2022 18:50

ham. Thought we were at a peak at end of July and moved from 50% cash to 70% cash.

[darrin1471] 17/8/2022 16:40

t2r. Genuinely pleased you were able to sell on the way up. I read through the old thread before buying IGR. I knew you had sold a few on the way up but did not realise you held so many.

[time 2 retire] 17/8/2022 15:58

Cheers ham, I did have 155k when I retired in 2012 but dwindled them down over the years until this last year when I added significantly.
I think we will all do OK here in time except BH who obviously cut n run way too early after ramping us for so long... ☺

[hamhamham1] 17/8/2022 14:58

Wow t2r, a 100k of these, could get back being worth half a million quid in a few years.
Then you will be fdt2r

[darrin1471] 17/8/2022 13:47

Being around anywhere in 26 years will be a good starting point.

[time 2 retire] 17/8/2022 13:44

D1471, no apology needed mate. I've held here since 1996 so a very long time but has been a cracking share for me and hopefully will be once again as I still hold 100k shares.
Good luck with your holdings and I hope we're both still not hanging around here in another 26 years. ☺

[darrin1471] 17/8/2022 13:28

t2r. Apologises for hijacking the thread.
DEC would not be something I would be comfortable in as I can not distinguish between a good or bad oil and gas well.
Still holding IGR. Sold initial investment so everything is now profit which is a very nice and unusual feeling to have. Historically I have held shares for multiple years, even longer than you have held IGR.

[darrin1471] 17/8/2022 13:15

ham also thought 20p subject to update on company NI

Marks say 80% of their orders are distressed purchases. i.e. replacing items that are no longer working.
Marks Electrical investor presentation (June 2022)is a good starting point to understand the business

[darrin1471] 17/8/2022 13:08

Dean Hoyle founded and sold the Card Factory in 2010 then invested in The Works in 2015 and retains a 15% holding after 2018 IPO.
Similar set up but selling different products

[darrin1471] 17/8/2022 12:59

ham. started talking directly to a company about mini umbrellas

[time 2 retire] 17/8/2022 12:50

If I filtered all the rampers on here I think I'd be the only one left posting!!!
I like DEC though, hitting new highs almost daily and a banging divi to pick up quarterly too ☺. (tongue in cheek).

[hamhamham1] 17/8/2022 11:57

At the end of the day, we have a 30% uplift in a lot of down trodden stocks over past month or so, so most all will give up a bit no doubt, I just holding for medium term, buy, sell, buy, sell in weeks isn't my bag.

[hamhamham1] 17/8/2022 11:55

Yeah, I see the works, kinda like card factory maybe, sub 20p looks entry if any for me, based upon rehitting previous lows???
Marks electrical will look at, but luxury big items maybe put on back burner until inflation lower? But I guess it will make the price lower entry in current conditions. Who knows?

[darrin1471] 17/8/2022 11:39

ham. Marks Electrical is online only. Distributes from a single warehouse in Leicester. 1.5% market share of UK large white goods. ABC1 target audience with branded products. Next Day delivery to 80% of UK population with a trust pilot score of 4.8. Targeting 10% of UK market. John Lewis market share is 15%. Listed in November. Owner of 25+ years retains 75%. Its an easy to understand business. Researched it on the weekend and will add thoughts on appropriate thread soon. Do not currently hold as share price has been falling all year. Worth a look.

the works has a lot of shops but they are small, densely merchandised and I believe on short leases which allows them to move around the high street. Defiantly would not be buying now but may be an opportunity soon.

[hamhamham1] 17/8/2022 10:32

Similar really with MCB.

[hamhamham1] 17/8/2022 10:30

I am not currently into investing in places who have hundreds or thousands of retail outlets, the costs, especially gas for heating over next 6-12 months will be crippling IMO.
That's why I like here, they make the product and sell wholesale to retailers, who pay for the running costs of a shop.

[darrin1471] 17/8/2022 09:50

ham. I added 50k MCB yesterday as my confidence increased.
Do not hold CURY and unlikely to do so in the next year. Watching Marks Electrical in the same sector though. Currently priced as a growth stock so may fall further.
The Works is another I'm watching. Down 40% this month already.

[hamhamham1] 17/8/2022 06:45

BH23, Posting around midnight on many different boards about Currys kinda smells of desperation?
Buy hey, knock yourself out.

[hamhamham1] 16/8/2022 08:32

224p looks like next real resistance level, just how long it takes to get there for me, and yes there will be ups and downs along the way ;)