Legal & General Share Discussion Threads

[yump] 17/9/2023 12:01

Arm were a profitable business weren’t they ? Which rules them out surely ;-)

I’m not sure there will be any more businesses that can be bought small and held for many bagging anymore. Too much global competition and if they’re really good they get taken out.

What is needed is a massive market, a big moat, a profitable business model, loyal shareholders, a unique product or service and great management.

How many of them are there ?

[pugugly] 17/9/2023 12:01

Yachtmaster> Good thing you got out of infobank before the wave collapsed and the new management stole the funds.

[skinny] 17/9/2023 11:56

They were crazy 'Pin the tail on the donkey' days in hindsight.

In the late 90s, I read about a company - Reflec, while on holiday and bought them when I got home a few days later.

They did me very well, but the craziest days price action was when someone on "show me the money"? pumped a company called Reflex and Reflec rocketed.

[yachtmaster2] 17/9/2023 11:41

I’m just a boring divi collector now. Don’t remember Arthur Shaw but then there’s a lot I don’t remember.

[yachtmaster2] 17/9/2023 11:34

Yep. Built my present house with proceeds of Arm, Baltimore and Infobank.

[skinny] 17/9/2023 11:09

Back when anything could be hyped - anyone remember Are You Sure? (Arthur Shaw).

And one of the favourites from that time is back this last week - ARM.

[yachtmaster2] 17/9/2023 10:23

It was tipped in the daily mail

[yachtmaster2] 17/9/2023 10:21

Those were the days. Bought Geo at 16p. Sold at £25 and £35.

[123trev] 17/9/2023 09:43

I think like I said before we see this year out with another attempt at 8000 on the ftse maybe higher but the grim reality of it all will truly begin to hit in 2024 and what unfolds could be truly epic in terms of wealth destruction on all asset classes in the years that follow.

[netcurtains] 17/9/2023 09:37

Tech boom: I remember telling people on Henscott it was all a bubble and they should switch to ARCADIA (Topshop and Burton) - it also ten bagged (taken over by Icelandic bankers who then - a few years down the line - bankrupted Iceland the country itself)

[yump] 17/9/2023 09:26

Yes was around on Etrade.

The worst part of that bubble was trying to decide whether to sell the big risers and crystallize a big CGT bill, as they would need to fall 40+% to make selling the best option. Which of course it was, given the subsequent massive falls.

Being immune from bubble excitement is easier said than done.

[123trev] 17/9/2023 09:17

Interesting focus on the other thread for a change and one that many on here won’t be able to remember the tech wreck a truly crazy point in stock market history. Those that survived the slaughter would never again say it can’t go much lower lol. The hard lessons learnt about brokers,valuations,stupidity and greed and that ideas can be a very dangerous Path to follow.
The seeds for all this were planted by Mr Greenspan and his idea of kicking the can down the road has persisted ever since. Ultra low rates and quantitative easing on steroids together with always pleasing markets has bought us here and the pain of the tech wreck will visit us again albeit differently and much more devastating.

[skinny] 17/9/2023 08:53

A few painful memories there!

[pugugly] 17/9/2023 08:19

Excellent points - JUST ONE POINT MISSING:-

IF ONLY I HAD SOLD THEN:-

[yf23_1] 17/9/2023 01:03

How many of these are around now ?

prev 2001 11-Apr 03-Mar %

1 1 DCS__________ 1325 56.5 -96%
2 2 NETBENEFIT___ 987 74.5 -92%
3 3 GLOBALNET____ 164 13.25 -92%
4 4 INFOBANK_____ 1537 132 -91%
5 7 RTS NET______ 179 16 -91%
6 5 EASYSCREEN___ 435 43 -90%
7 6 HARRIER______ 665 66 -90%
8 8 VIRTUAL INTN_ 700 76.5 -89%
9 14 AFFINITY_____ 3100 350 -89%
10 12 KEWILL SYS___ 1700 230 -86%
11 11 QSP GROUP____ 200 27.5 -86%
12 10 SOPHEON______ 830 125 -85%
13 13 BARON________ 440 67.5 -85%
14 9 NETB2B_______ 28.5 4.5 -84%
15 15 365 CORP_____ 186 33 -82%
16 16 VOCALIS______ 337 62.5 -81%
17 17 EMBLAZE(GEO)_ 1680 330 -80%
18 18 FIN.OBJECTS__ 455 95.5 -79%
19 29 BRIGHT STN___ 126 26.75 -79%
20 20 KALAMAZOO____ 65 14.5 -78%
21 19 EDP__________ 232 52.5 -77%
22 21 MONDAS_______ 96 22.5 -77%
23 23 VEGA_________ 822 197 -76%
24 35 KEYSTONE_____ 91 22.5 -75%
25 30 JETCAM_______ 100 25 -75%
26 25 FREESERVE____ 389 99 -75%
27 28 MAGIC MOM____ 11.5 3 -74%
28 27 VOSS NET_____ 105 27.5 -74%
29 24 ICM COMPUTER_ 710 187 -74%
30 26 MERANT_______ 285 76.5 -73%
31 22 COMPEL GRP___ 402 108 -73%
32 36 IDS (CFS)____ 230 65.5 -72%
33 32 SUPERSCAPE___ 372 106 -72%
34 31 ITNET________ 732 216 -70%
35 33 SYNSTAR______ 151 46.25 -69%
36 34 CEDAR GRP____ 905 280 -69%
37 47 PLANIT_______ 209 65 -69%
38 40 LON.BRIDGE __ 915 295 -68%
39 41 ULTRASIS_____ 39.5 12.75 -68%
40 38 NETCALL______ 162 52.5 -68%
41 39 BALTIMORE____ 722 234 -68%
42 42 SHERWOOD_____ 1100 365 -67%
43 37 POLICY MASTR_ 812 270 -67%
44 44 EASYNET______ 1462 495 -66%
45 43 LYNX GRP_____ 261 88.5 -66%
46 53 ULTIMA NETWK_ 8.75 3 -66%
47 45 PARITY_______ 420 146 -65%
48 48 GLADSTONE____ 302 106 -65%
49 46 COMPUTCENTR__ 952 340 -64%
50 50 TORNADO______ 208 80 -62%
51 74 ROLFE&NOLAN__ 502 197 -61%
52 51 AXON GRP_____ 1287 510 -60%
53 54 SAGE GRP_____ 703 290 -59%
54 55 RETAIL DEC___ 195 83.5 -57%
55 56 PENNANT INT__ 215 92.5 -57%
56 52 RAPID TECH___ 212 92.5 -56%
57 49 TERENCE CHAP_ 265 120 -55%
58 59 IBNET________ 153 69.5 -55%
59 58 SEMA_________ 1117 546 -51%
60 77 FOCUS SOLN___ 222 110 -50%
61 71 FORBIDDEN T__ 157 78.5 -50%
62 62 ITG__________ 922 490 -47%
63 57 REDBUS INT___ 257 138 -46%
64 61 DIAGONAL_____ 537 301 -44%
65 63 XKO__________ 400 227 -43%
66 70 ROYALBLUE____ 1760 1022 -42%
67 65 IMS MAXIMS___ 27.5 16.25 -41%
68 66 IS SOLNS_____ 191 114 -40%
69 73 CLINICAL C___ 55 33.5 -39%
70 67 SKILLSGROUP__ 226 138 -39%
71 68 GUARDIAN IT__ 1307 815 -38%
72 64 NSB RETAIL___ 271 170 -37%
73 72 FI GRP________ 555 355 -36%
74 60 STAFFWARE____ 2087 1337 -36%
75 69 CMG__________ 1142 739 -35%
76 78 GRESHAM _____ 33 21.5 -35%
77 75 DRS DATA_____ 23 15 -35%
78 79 HORIZON TECH_ 597 397 -34%
79 82 RECOGNTN SYS_ 310 207 -33%
80 80 MISYS________ 823 575 -30%
81 76 LOGICA_______ 1936 1371 -29%
82 85 MMT__________ 637 452 -29%
83 86 MORSE________ 497 360 -28%
84 84 RM___________ 710 515 -27%
85 81 VI___________ 41.5 30.5 -27%
86 83 TOTAL SYS____ 111 84.5 -24%
87 88 ECSOFT_______ 1120 872 -22%
88 87 TRIAD________ 262 212 -19%
89 90 DELCAM_______ 212 177 -17%
90 91 MACRO 4______ 932 797 -14%
91 92 ALPHAMERIC___ 300 266 -11%
92 89 FLOMERICS____ 912 825 -10%
93 94 JASMIN_______ 172 156 -9%
94 93 BOND INTL____ 58 53.5 -8%
95 96 SDL__________ 349 334 -4%
96 95 ANITE________ 185 180 -3%
97 100 AIT__________ 1147 1125 -2%
98 97 SCIENCE SYS__ 565 595 5%
99 99 COMINO_______ 437 463 6%
100 98 COMPUTERLAND_ 78 83.5 7%
101 102 AZLAN________ 125 134 7%
102 101 TRACE________ 80 86.5 8%
103 103 TOREX________ 505 770 52%
104 105 CADCENTRE____ 323 511 58%
105 104 CRC__________ 90 165 83%

AVG -49.8%

[yf23_1] 17/9/2023 00:54

Just lookin thru my old saved BB texts, thats from 2007.
Were you on the old Etrade BB - I was doing a bubble stages thread around 2000 which I got a bit of stick for from the Nasdaq bulls.

[yump] 17/9/2023 00:32

One of the best posts on advfn in years and unfortunately a bit close to the truth !

[yf23_1] 16/9/2023 22:36

"I hesitate to make a list
Of all the countless deals I've missed;
Bonanzas that were in my grip
I watched them through my fingers slip;

The windfalls which I should have bought
Were lost because I over thought:
I thought of this , I thought of that,
I could have sworn I smelled a rat,
And while I thought things over twice
Another grabbed them at the price.

It seems I always hesitate,
Then make my mind up much too late.
A very cautious man am I
And that is why I never buy.

A corner here, ten acres there,
Compounding values year by year,
I chose to think and as I thought,
They bought the deals I should have bought.
The golden chances I had then
Are lost and will not come again.

Today I cannot be enticed
For everything's so overpriced.
The deals of yesteryear are dead;
The market's soft and so's my head.

At times a teardrop drowns my eye
For deals I had but did not buy;
And now life's saddest words I pen
‘IF ONLY I'D INVESTED THEN!'

[yump] 16/9/2023 20:29

PS

220p looks like an obvious retreat for a while. If it wobbles around there for a month, it will be very tempting.