Manchester & London Inve... Share Discussion Threads

[takeiteasy] 24/1/2025 06:16

Market Update
It is pleasing to note that we have set a new All Time High reported NAV in January 2025 at the same time that Ray Dalio has warned that the UK risks collapsing into a debt spiral. This is a key point because aside from the obvious attractions of the US Technology Equity market, there really is no alternative in the Equities world. The only other alternative is the yields on Treasuries which have seen 10yr yields move back north of 4.5 per cent, a level that makes us feel uncomfortable. All long duration fund managers are scarred from the duration crash of 2022, and this explains why we are still running at slightly below fully invested as opposed to our preferred running level of 105 per cent. In addition, we are starting to see a few names in the Technology sector trade at multiples we find unappealing. Let’s see what the Q4 results will bring.
hxxps://mlcapman.com/wp-content/uploads/2025/01/MLIT_Factsheet_202412.pdf

[takeiteasy] 23/1/2025 18:52

largest trading day since I joined here a couple of years back .....

nai etc

[takeiteasy] 23/1/2025 18:10

Indeed - the firm bought shares at 8 quid- so definitely shows even at the higher price he thinks there is value.....

[shavian] 23/1/2025 16:40

Our manager buys 3250 shares at £8.42. A great vote of confidence in his own knitting!

[takeiteasy] 23/1/2025 10:56

8.50 to buy ...after the largest buys in many many months this morning. We can take the issue over the size of the discount off the table soon we hope if this continues...

nai/dyor etc

[takeiteasy] 23/1/2025 06:24

Many seem to have been constantly fretting over how MSFT will benefit from AI and hence the stock has been a MAG7 laggard for the past year.

The answer to why we might not need to worry in right in front of our noses surely? Email I got from MSFT yesterday:

"Thank you for being a valued Microsoft 365 subscriber. To reflect the value we’ve added over the past decade, address rising costs and enable us to continue delivering new innovations, we’re increasing the price of your subscription. Effective 14 February 2025, the price for Microsoft 365 Personal subscriptions will increase from GBP 5.99* per month to GBP 8.49* per month.By maintaining your subscription, you’ll enjoy secure cloud storage, advanced security for your data and devices and cutting-edge AI-powered features, "

Cutting edge AI for a 41% cost rise - wow and the Mrs says I have to pay as we need to retain the service.

nai/dyor etc

Noted on Twitter I see too now...hxxps://x.com/Beth_Kindig/status/1882095705176883209

[takeiteasy] 23/1/2025 06:13

At 5mins 30 secs, "Nvidia is going to get a big chunk of the enormous piles of cash we keep talking about..." talking about the Stargate initiative

At 7mins 56 secs, "CEO ARM said to Cramer that Stargate could create tremendous demands for data centre equipent especially high end chips from Nvidia"



Some nice 1 year alpha return vs. QQQ - noting for completeness the 5yr comparison MNL is well behind QQQ with the period before the full AI portfolio transition

nai/dyor etc

[takeiteasy] 22/1/2025 15:57

8.05 to sell....been a long 6 month wait to clear back to 8 quid ...

[edwards9] 22/1/2025 15:14

NAV record high 965.8 reported as at yesterday's close. And AI Stocks up nicely so far today.

[takeiteasy] 22/1/2025 09:34

Interestingly Micron is our portfolio star performer in 2025 up c.30% YTD nai/dyor etc

[takeiteasy] 22/1/2025 08:50

7.99 to buy...8 quid getting a bit closer...

[shavian] 22/1/2025 08:25

Stargate project will be extremely bullish long term for both NVDA and MSFT. I'm recycling some PLTR profits back to MLN to access the Stargate members at a discount (which we all hope will close during the Trump era). Still bullish on PLTR though despite its price.

[takeiteasy] 22/1/2025 06:27

MSFT firing back against Salesforce about who is making best progress over AI agents

hxxps://www.msn.com/en-gb/money/other/microsoft-claps-back-at-salesforce-claims-100-000-organizations-had-used-copilot-studio-to-create-ai-agents-by-october-2024/ar-AA1xxbqm

nai/dyor etc

[takeiteasy] 21/1/2025 11:23

A poll from consultancy Accenture out on Monday revealed that 58% of execs expect generative AI solutions to be adopted at scale within the organization in 2025, up from just 37% in 2024. Generative AI is the technology that underpins applications like ChatGPT.

nai/dyor etc

[takeiteasy] 21/1/2025 09:34

hxxps://www.gurufocus.com/news/2661223/druckenmiller-says-buy-ai-now-as-trumps-probusiness-era-fuels-market-optimism?r=4bf001661e6fdd88d0cd7a5659ff9748&mod=mw_quote_news

Summary
Stanley Druckenmiller urges investors to buy AI stocks, citing pro-business momentum and accelerating AI adoption under Trump
Article's Main Image
Billionaire investor Stanley Druckenmiller believes optimism is returning to markets and is urging investors to buy artificial intelligence (AI) stocks. Speaking to CNBC, Druckenmiller said he sees pro-business momentum under Donald Trump's administration, with CEOs feeling “relieved and giddy.”

He believes companies adopting AI to cut costs and boost productivity will outperform. While he didn't name specific stocks, Druckenmiller last year sold his holdings in Nvidia (NVDA, Financial) and Microsoft (MSFT, Financial)—a move he has since regretted. His current portfolio, based on SEC filings, includes Coherent Corp. (COHR, Financial), Natera (NTRA, Financial), and Coupang (CPNG, Financial).

nai/dyor etc

[takeiteasy] 18/1/2025 07:59

Scores on the doors for the past year NAV not price (at 18/1/25) - per Morningstar.

Bearing in mind we have been pretty near flat consolidation for many months now.

MNL 47%
PCT 42%
ATT 42%
BG USA 42%
SMT 36%

So we grabbed first place ...rivals nipping at our heels so let's hope for a fierce burst from NVDA this quarter to press back the advantage :)

I have wondered for a while now that if we break 8 quid we may capture some momentum buyers who are technical traders?

nai/dyor etc

[takeiteasy] 18/1/2025 07:11

hxxps://uk.investing.com/news/company-news/arista-networks-stock-hits-alltime-high-of-12028-93CH-3880225

nice update on one of our largest holdings..nai/dyor etc

[takeiteasy] 17/1/2025 22:24

hxxps://x.com/MLCapMan/status/1880361095459692743

If this plays out, our overweight semis thesis here will outperform our tech peers in 2025 with more balanced approach semis vs software?

nai/dyor etc

[robow] 17/1/2025 16:39

Yes looks nicely poised to breakout shortly

[takeiteasy] 17/1/2025 16:27

really nice end to the week for all our AI firms - perhaps the correct narrative for 2025 outcomes is being better understood post TSMC results?

nai/dyor etc