Personal Assets Share Discussion Threads

[elmfield] 28/9/2015 12:49

They will need to deliver on what the tin says!
Nice core long term holding though.

[jonwig] 25/9/2015 11:54

Yes, it's the Gold wot done it.

[essentialinvestor] 25/9/2015 10:58

Now starting to perform very nicely.

[essentialinvestor] 16/9/2015 12:36

Added again this AM, that's my lot now.


Below NAV atm, usually trades at a slight premium,
most will be aware of the discount control mechanism and PNL bought yesterday
as per the transaction RNS.

[essentialinvestor] 11/9/2015 13:34

Had a quick scan through that.

A point on the Q report -
when looking at the multiple of MSFT(for example) some allowance needs to be made
for the huge net cash.

Appreciate that is largely offshore, but even if repatriated and the tax paid
it still equates to very approx $60 Billion plus.
That amount should be deducted for the PER is see a clearer valuation,
their huge cash pile did not get a mention.

The reverse also applies, BT.A looks very cheap until you add on the net debt
and factor in the huge pension deficit - although I still like BT.A longer term.

[topvest] 10/9/2015 19:38

Newsletter out today...always worth a read!

[essentialinvestor] 10/9/2015 14:28

Added a few more.

[essentialinvestor] 03/9/2015 09:44

Yes jon I was aware thanks.

[jonwig] 03/9/2015 09:25

It's actually xd (140p) this morning. Hope your price was adjusted from yesterday's.

[essentialinvestor] 03/9/2015 09:02

Back in this morning.

[essentialinvestor] 19/4/2015 15:47

I mentioned that PM looked very interesting on a 5% yield
and it's up well over 10% since then.
Hope they added to that position.

[essentialinvestor] 16/3/2015 08:55

Gold nicely ahead this morning.

[elmfield] 13/3/2015 16:30

You won't loose sleep with them anyway,
I may top up next week, going to add in one of the three places,
You know what I mean.

[essentialinvestor] 13/3/2015 13:13

Added a few more this AM.

Rational is threefold - many of their US holding have recently come back
on the $ strength, gold weakness has reduced NAV so upside on any gold recovery,
and most importantly likely relative outperformance if wider equity markets are hit.


You can also add to the above some protection from likely £ weakness in the run up to the GE.

[elmfield] 12/3/2015 19:18

Or buying more gold in case of monetary melt down?

[essentialinvestor] 12/3/2015 15:26

Just quickly folks, I notice the liquidity % has slightly deceased over
the last 24hrs, and hope SL spotted Philip Morris trading on
a 5% dividend yield in yesterday's US session.

I would have increased at that level on a multi year view.

[jimbo55] 11/3/2015 14:37

Good luck with your purchase EssentialInvestor. I don't know what percentage of your net worth that is, but now you've put that out there, I'm not surprised you've been asking the questions you have..

Edit: If you're investing what I consider to be serious money into the markets - no matter into how conservatively run the vehicle - you may get something out of the following subscription based online tv channel:

hxxps://realvisiontv.com

I've found it invaluable, although I've been a reader of one of the founder's online publications for a while. There's a demo page where they offer a selection of free interviews, so you can figure out if the service is for you. I've only come across Raoul Pal since I subscribed, but I've developed a growing respect for him and his macro views over the last 12 months.

[elmfield] 11/3/2015 14:13

Yes I know some on the board.
You are getting what you pay for, hope it works out,
My holding is tiny compared, most in Rcp.

[essentialinvestor] 11/3/2015 14:11

elmfield, I have corresponded with Robin Angus in the past and
raised some of the points mentioned here - he's a gentleman btw.

Any of the points raised are what I think, but I'm giving them the benefit
of the doubt, lets see - no guarantees in the stock market.

[elmfield] 11/3/2015 14:05

O.k,
£260,000 worth,
Bold step.

[essentialinvestor] 11/3/2015 14:01

No elmfield, 800.

Appreciate the input folks, will have a look back in a few months.

[elmfield] 11/3/2015 13:57

800!
Do you mean 80?

[essentialinvestor] 11/3/2015 13:44

May regret this - 500 shares at 344.132 and another 300 at the same price.

800 and that's my lot.

[jimbo55] 11/3/2015 13:24

Believe me, I do appreciate your take and you may well be correct. It is very difficult to know exactly what could come next. Your point about defensive equity valuations is a reasonable one, as ZIRP has pushed up anything with yield. It is impossible to know and difficult to make an informed guess at what is going to come next, but my own opinion is that companies with USD-based input costs exporting into markets outside the US are going to suffer if they cannot easily pass those costs on. This cannot be good for the S&P 500 going forward.

I heard today that Apple are talking about increasing the retail price of iPhones. They are one of the lucky ones who could get away with this, but I suspect few others could pull this off without damaging themselves.