Manchester & London Inve... Share Discussion Threads

[bluetooth] 15/6/2023 14:21

Takeiteasy. Thanks for the link.

BT.

[takeiteasy] 15/6/2023 13:38

https://mlcapman.com/wp-content/uploads/2023/06/MLIT_Factsheet_202305.pdf

[bluetooth] 15/6/2023 10:49

Where can I see the full holdings? I can only see the top ten.

Thanks

[takeiteasy] 15/6/2023 07:38

hxxps://www.msn.com/en-us/money/topstocks/oracle-stock-powers-higher-after-watershed-earnings-show-company-is-a-software-standout/ar-AA1cushu

only a small holding in our fund..but illustrates the trend for the winners in the AI space...dyor etc...

[takeiteasy] 14/6/2023 11:07

hxxps://www.msn.com/en-us/money/other/nvidia-crosses-1t-market-cap-powered-by-the-rise-of-ai/ar-AA1cx1x3
not sure you can describe the components as dull here as in the header-dyor etc

[takeiteasy] 13/6/2023 20:13

Nvidia sneaks through to high for year ....what's hard to know is where the momentum is coming from as there seems little profit taking so far ...

[takeiteasy] 13/6/2023 17:28

Funny how volume seems to pick up late Tuesday /Wednesday in advance of the Wednesday close pricing update - those tracking stock components more closely can take an educated guess and possibly reduce their risk in a rising market....great fun watching Nvidia though ...

[umitw] 13/6/2023 15:13

I expect it to be 500 p soon but retrace is expected b4 goes to 600 pDYOR! :-)

[harders3] 13/6/2023 08:36

Directors buying again. Fingers crossed for a low CPI figure today and then a close of the NAV to price gap.

[takeiteasy] 13/6/2023 06:30

Desparately hard to know after such a run up,will any of this continue for stocks like Nvidia, there are strong views from all sides, our manager reports on his twitter feed that he has been asked by investors to take profits, here is another view to counter that one...no one can call the future I know - but I find it interesting to hear the views from all sides... dyor etc..

[takeiteasy] 13/6/2023 05:32

Larry Ellison, Oracle’s chair and technology chief, said the ocmpany will introduce a generative artificial intelligence cloud service tied to a partnership with startup Cohere, which has agreed to using Oracle’s cloud infrastructure. Microsoft, which has a partnership with startup OpenAI, offers the Azure OpenAI Service, allowing organizations to deploy large language models for taking human input and generating human-like responses. Excluding the after-hours move, Oracle shares have climbed almost 43% so far this year, while the S&P 500 index is up around 13%.The stock rose 6% in regular trading, its best day in a year, after Wolfe Research analysts upgraded the stock to the equivalent of a buy from a hold based on improving financials along with the company’s position in AI.



Interesting anecdote of how closely US analysts are linking their ratings to the perceived progress in AI - I wonder if many at all have made that connection from UK investors yet and the focus of this fund...dyor etc...

[takeiteasy] 12/6/2023 13:37

Spread seems to move in and out ... Sp direction more interesting :)

[umitw] 12/6/2023 11:12

Very large spread!

[takeiteasy] 10/6/2023 07:19

Now we have 13% in Nvidia I am paying closer attention to its progress...


Key differences in this fund as I get to know this better are:
1. large positions in synposis, cadence, arista networks which I do not think you will find in any of the pure semiconductor ETFs, nor BG funds
2. Apple/Amazon/Google are reduced to much smaller holdings vs PCT and other pure tech OEICs vs our overweight in MS
3. Won't hold TSMC as close link to china which are often big over-weights in the other tech funds
4. AMD/Nvidia are much higher weights here than in just about any other available fund

So over the last month the over-weights here like Synopsis, AMD, Nvidia are all at the top of the S&P performance list so the fund outperforms - the big question is whether this will continue...but definitely more fun while it lasts..dyor etc

[takeiteasy] 09/6/2023 16:48

When I first started here around 3.40ish there was barely a single trade done each day and you do being to doubt - but now seems to be getting wider support. I am not sure I would have dropped adobe for sticking with MS at such a high 30% level but they don't want software bar MS so we are nailed to the mast with that ...the small cap tech options seem hugely out of favour atm so I should praise them for sticking to large cap only - in this they differ from BG and ATT and the performance differential YTD plain to see...

[harders3] 09/6/2023 15:12

Technology stocks flying and this is still a bargain. Got some more this morning as US futures were up and this down. 3% dividend too. So many tech funds are just the top seven stocks in the Nasdeq. Might as well buy a US tracker or L and G Tech Index. This however avoids Apple and has a differentiated range of AI stocks. Obviously a massive Microsoft punt though.

[takeiteasy] 08/6/2023 15:05

Interesting that Hashicorp a key software AI enabler is down 22% today based on softer forward guidance than analysts were expecting - this does seem to reinforce our manager's view that hardware tools providers rather than AI software enablers is their preference for now...dyor etc

[takeiteasy] 08/6/2023 14:29

Adobe
— The stock gained about 2% following the company’s announcement it will offer its artificial intelligence tool, Firefly, to large business customers. Firefly is available through the standalone Firefly app, Adobe Express and Creative Cloud.

from CNBC today... there seems to be quite some pressure now on the major tech firms to roll out their AI programmes at pace to capture investor interest... dyor etc..I do note that Adobe which was a long term hold is no longer on their list of top holdings for this month.....

[takeiteasy] 07/6/2023 05:39

lots of discussions now around where AI is heading - dyor etc..

[takeiteasy] 06/6/2023 05:21

31/5 factsheet out -commentary
Nvidia blew away expectations by guiding to ~64 per cent YoY revenue growth
for next quarter driven by surging demand for AI chips. Nvidia’s positive guidance
led to a material rally for a number of AI exposed stocks, including many of our
top holdings.
Other Top 20 holdings reported quarterly revenue growth rates as follows: Arista
Networks 54 per cent, Paypal 9 per cent, Synopsys 9 per cent, Analog Devices
10 per cent and Hewlett Packard Enterprise 4 per cent.
During the month, we continued to reduce positions that we felt were vulnerable
to AI competition (such as cutting SGE, INTU and DOX) and reinforced those that
have AI core & central to their investment thesis.
Market Update
Rarely do we enjoy a month with double digit returns! The best contributors were
NVDA, AMD, NVDA, SNPS ASML and CDNS => we are now firmly in the Era of
AI. As we said before, we believe that AI will define the next decade so even
though many are siren calling to us for certain stocks to be sold and “profits
banked” we are tied to the mast of AI. We keep reiterating that our belief is that
the way to play this era is through the “picks and shovels” providers and not
through the AI application stocks. The key issue for ourselves is that we are very
wary of buying stocks overexposed to China and a large proportion of the AI
“picks & shovels” providers bear this attribute.
We remain just over twenty per cent down from our All Time High (“ATH”) NAV on
a Total Return basis so we still have a long climb back.

Imvho you can't fault the degree of transparency or willingness to single mindedly follow through on their convictions eg sales of certain stocks noted above..dyor etc

[takeiteasy] 02/6/2023 16:13

Strange thing for me is the one thing they surely ought to talk about on their Twitter feed is the discount at about 18% - perhaps they simply accept it …

They do provide a longer term performance comparison between the more technology orientated ITs - what the analysis does not fully identify is 2023 YTD differences in performance which are quite stark-

MNL 41.7%
PCT 30.5%
ATT 23.8%
BG USA 4.1%

The question is of course is this temporary or a longer term improvement in progress for MNL - dyor etc

[takeiteasy] 02/6/2023 16:06

Agreed - it is an unusual set up here as the fund management team post very actively on Twitter with some somewhat ballsy future estimates for the share price direction of certain holdings - the only firm like this in this regards I know is the team at ARKK although the investment philosophies seempoles apart ... why HL can post such inaccurate discount data baffles when it will so mislead the clients

[harders3] 02/6/2023 15:43

I stupidly sold my semi stocks in December 2022! Just averaged up on this bargain as it helped me get back in and what has got to be a stupidly wide discount. I don't understand how sites like HL ignore the actual NAV, dated end of May but stick with an old estimated NAV. Yes the weekly NAV update is annoying but it helps people like me get in.

[takeiteasy] 02/6/2023 12:54

https://www.cnbc.com/2023/06/01/jim-cramer-names-his-magnificent-seven-stocks-that-are-the-real-deal.htmlI suppose the question we all have is whether to spread the investments around or run a more concentrated Ai tech approach - there are a load of different views out there. The views in the fact sheet here and on the Twitter feed seem to align with Mr Kramer but clearly others will have different views Dyor imvho etc

[takeiteasy] 02/6/2023 11:30

Track the buying if they already have committed buyers at these levels they need sellers into the market and not more smaller retail buyers ie watch the succession of 5ks etc imvho - the discount is the thing I can't fathom around 20% which I get where we have large PE positions like BG that are harder to value - but here all mega large cap without liquidity points to consider I just wonder if it is the weekly pricing that deters and I wonder if the management want to address this at some point...