Manchester & London Inve... Share Discussion Threads

[shavian] 06/11/2024 13:17

Tempted to top slice my PLTR after these astonishing results. P/E over 100 looks difficult to sustain pending further stonking results in Q4. Plenty of scope for retracement methinks. Not so much with NVDIA and TSLA both reacting well to Trump win.

[takeiteasy] 06/11/2024 13:11

The manager seems rather happy wiith a Trump win and the share price move on his twitter feed - what with winning the award and the share price uplift he must be quite chuffed :)nai etc

[takeiteasy] 05/11/2024 15:27

PLTR up over 21% - what a miss ... nai/dyor etc

[takeiteasy] 05/11/2024 07:28

hxxps://x.com/MLCapMan/status/1853527101191634975/photo/1

Photo of our happy manager with his prize.
nai/dyor etc

[bigwadds] 05/11/2024 07:16

Manchester & London IT Plc ("MNL") won the Citywire Investment Trust Award 2024 in the Global Equities category.

This was a no-brainer (IMO) as its performance speaks for itself - see the link from Citywire below.

Congratulations and well done must go to our Fund Manager, Mark Sheppard and his Team. Keep up the great work and please get the share price to over 900p in 2025.

For those not familiar with this stock, MNL's current share price is around 710p vs the latest published NAV price of 889.6p.

No advice intended.

[takeiteasy] 04/11/2024 22:59

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) is set to double its production capacity for advanced packaging, a move driven by the increasing demand for artificial intelligence chips from major players like Nvidia Corp. (NASDAQ:NVDA), Microsoft Corp (NASDAQ:MSFT), Amazon.com Inc. (NASDAQ:AMZN), and Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG).


hxxps://www.msn.com/en-us/money/news/nvidia-supplier-tsmc-to-double-advanced-chip-packaging-capacity-as-ai-demand-from-microsoft-amazon-soars/ar-AA1tt3n7

nai etc

[takeiteasy] 04/11/2024 22:49

“We absolutely eviscerated this quarter, driven by unrelenting AI demand that won’t slow down,” Palantir co-founder and CEO Alex Karp wrote in the company’s earnings release.

great shame this is not in our portfolio.....nai etc

[takeiteasy] 04/11/2024 11:58

Chey Tae-won, chair of SK Group, said Nvidia CEO Jensen Huang asked him if SK Hynix could move the supply of high-bandwith memory (HBM) chips called HBM4 forward by six months.

Suggest the demand remains there for NVDA :) nai etc

[iminterested] 02/11/2024 08:53

Great News re Nvidia winning a place in Dow 30, my AI said: To determine the number of shares that the SPDR Dow Jones Industrial Average ETF Trust (DIA) might buy to reflect Nvidia’s estimated 3.39% weighting in the DJIA, we can follow these steps:

1. DIA’s Total Assets Under Management (AUM): Approximately $35.62 billion.
2. Target Allocation for Nvidia: If Nvidia represents around 3.39% of the DJIA, DIA would aim to allocate 3.39% of its AUM to Nvidia:

3. Nvidia’s Share Price: Approximately $135.40.
4. Number of Shares:


Thus, DIA would likely need to purchase around 8.91 million shares of Nvidia to achieve the estimated weighting of 3.39% in its portfolio. This figure may vary depending on the actual AUM of DIA and Nvidia’s stock price at the time of purchase.

Do I trust this?
Let’s hope so.
So a buy of 9 million shares for the largest etf, but also consider shadow trackers and the positive press effect, as well.

[takeiteasy] 02/11/2024 06:07

MNL Twitter feed this week...

Why do you own so much of your Portfolio in MSFT and NVDA?

So a Screen for Friday. We ran a sequential AND screen using the attributes of MSFT on five very key financial metrics: ROIC, ROE, Sales Growth, EBITDA growth and Operating Margin. Only 6 other stocks from the BBG universe could hurdle the screen.
hxxps://x.com/MLCapMan/status/1852329592733778328

Well done to the manager for having a clear and consistent approach to his investment process.

We have been helped a lot on Friday after close with NVDA replacing INTEL in Dow Jones Index.

nai/dyor etc

[takeiteasy] 01/11/2024 11:00

Our manager seems peeved this week on twitter with the unexpected responses to recent tech earnings.

My guess is that we are some while away from realising the serious gains from AI investment: if you see 2025 as Blackwell infrastructure and Large Language models validation and beginning of new AI applications then 2026 we hope is the scale up of these developments and wider ROI outcomes to start wider validations. Some companies may only get going with this later on perhaps 2027.

Why the markets at this very early stage expect to see some sort of "finish line" is beyond me...nai/dyor etc

[takeiteasy] 01/11/2024 06:12

"We think MSFT is trading at 18% discount to our fair value estimates" US equity analyst and with the c.20% discount here in MNL we are getting to nearer 40% discount to their fair value :) nai/dyor etc

[takeiteasy] 31/10/2024 09:45

...The company said it expects capital expenditures to continue to grow significantly in 2025.....

nice one for NVDA etc

nai/dyor etc

[takeiteasy] 31/10/2024 06:48

And there are a few key aspects of this that I want to take some time to go through today. The first is world-class compute infrastructure. I recently shared that, by the end of this year, we’ll have about 350,000 H100s, and including other GPUs, that will be around 600,000 H100 equivalents of compute. We’re well positioned now because of the lessons that we learned from Reels. We initially underbuilt our GPU clusters for Reels. And when we were going through that, I decided that we should build enough capacity to support both Reels and another Reels-sized AI service that we expected to emerge so we wouldn’t be in that situation again. And at the time, the decision was somewhat controversial, and we faced a lot of questions about CapEx spending, but I’m really glad that we did this.


Meta's CC ..and their assessment over their huge Nvidia investment :) nai/dyor etc

[takeiteasy] 31/10/2024 05:18

Our manager keeps saying we are in the early innings of AI and MSFT results to me support these comments (likewise to some extent AMD earlier).

hxxps://siliconangle.com/2024/10/30/microsofts-ai-bet-pays-off-azure-revenue-grows-stock-falls-infrastructure-supplier-delays/

Microsoft Corp. delivered a solid fiscal first quarter earnings beat today, but its stock was moving lower after its guidance revealed slower-than-expected growth over the next quarter.

Officials blamed the lower forecast on data center infrastructure suppliers, saying late deliveries of equipment mean the company won’t be able to meet its expected demand in the second quarter. However, the company indicated that the delays are only going to be a short-term issue.

“I feel pretty good that going into the second half of this fiscal year, some of the supply-demand will match up,” Chief Executive Satya Nadella (pictured) said on a call with analysts.

nai/dyor etc

[takeiteasy] 30/10/2024 05:44

AMD results...last night

AMD's revenue gains came as data center sales more than doubled to a fresh high of $3.5 billion, driven by demand for the company’s artificial intelligence (AI) chips.

AMD said Tuesday it expects fourth-quarter revenue to land between $7.2 billion and $7.8 billion, up from $6.2 billion in the prior-year quarter. The analyst consensus was at the higher end of that range at $7.6 billion, according to Visible Alpha

www.msm.com

Analysts still feel NVDA "leeps and bounds ahead of AMD" due to lack of supporting AI CUDA software that NVDA has, Good that we have 35% holding in NVDA vs. 7% in AMD on this basis.

nai/dyor etc



(Cramer's take on tech - half way in)

[takeiteasy] 30/10/2024 05:37

News folks have been waiting most of 2024 for AI wise turned up last night - can the huge capex investments in AI chip tech pay off amongst the biggest cloud businesses.



Alphabet posted stronger-than-expected third quarter earnings Tuesday, including an outsized surge in revenues for its flagship cloud division, as the tech giant looks to ease investor concern over a surge in capital spending on AI-related technologies.

Alphabet (GOOGL) said earnings for the three months ending in September rose 35% from last year to $2.12 per share, topping Street forecasts of $1.85 per share. Overall group revenues, the company said, rose 15% to $88.27 billion, again topping analysts' estimates of an $86.3 billion tally.

“The momentum across the company is extraordinary. Our commitment to innovation, as well as our long-term focus and investment in AI, are paying off with consumers and partners benefiting from our AI tools," said CEO Sundar Pichai. "In Search, our new AI features are expanding what people can search for and how they search for it."

"In Cloud, our AI solutions are helping drive deeper product adoption with existing customers, attract new customers and win larger deals. And YouTube’s total ads and subscription revenues surpassed $50 billion over the past four quarters for the first time.," he added. "We generated strong revenue growth in the quarter, and our ongoing efforts to improve efficiency helped deliver improved margins.”

The group also said its third quarter capital spending reached $13 billion, a tally it expects to be similar over the final three months of the year, as it continues to invest in AI infrastructure.

nai/dyor etc

("most important google report in 7-10 years")

[takeiteasy] 29/10/2024 16:03

cadence up 12%...one of the real laggards in 2024 performance wise...so good to see :)

nai etc

[takeiteasy] 28/10/2024 09:53

Busy week for our fund with results due from cadence, AMD, MSFT and Google....

[takeiteasy] 27/10/2024 13:12

Let's see where we are in 2025, with American election and UK budget behind us. If the discount continues to remain an extreme outlier to all our peer ITs then I will ask some more questions again over our approach here. I will watch and wait until then.

Agree about tax sales as a short term issue alongside higher rates.

[iminterested] 26/10/2024 13:06

Not wishing to sound rude but if you require a more diversified/balanced portfolio invested in AI then there are other inv trusts and funds that do that. I feel that investing in a fund such as mnl, I getting the benefit of a manager who really lives, eats and invests in his choices.

I have bought much more stock at this level as discounts have widened, viewing that as a bonus because to many wee are still in the early stages of AI see what B Rogoff of
Polar cap tech has to say.In a normal mkt it could be suggested that close to parity is where the NAV discount should be, if mnl is two year inv trust out performer and rates are cut (v v Important) we may find all stocks better, where nvidia and msft outperform and others looking to find an investment manager who understands this universe.
There has been net sellers of inv trusts this year, and anyone with a cappital gain would be selling in front of the budget.

[takeiteasy] 26/10/2024 07:59

We need some better portfolio balance here to the AI implementers - PLTR, Meta, Servicenow etc etc. Idea is to be at or ahead of the AI curve :)

nai/dyor etc