Share Name Share Symbol Market Type Share ISIN Share Description
Sanditon LSE:SIT London Ordinary Share GB00BMPHJ807 ORD £0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 80.50p 79.00p 82.00p - - - 0 05:30:39
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 0.9 0.5 1.0 81.3 40.25

Sanditon Share Discussion Threads

Showing 2826 to 2849 of 2850 messages
Chat Pages: 114  113  112  111  110  109  108  107  106  105  104  103  Older
DateSubjectAuthorDiscuss
29/6/2018
20:37
Totally agree @topvest. I know we're saying "Why didn't they short the things that have gone down" but there's clearly a case of being too clever by half - the longs, which have soared with the market, have been wrecked by taking punts on other stuff falling. When we get a bear market, the shorts might finally come in - but the longs then lose them a load of money. Net effect - discount feels warranted.
spectoacc
29/6/2018
18:35
I’m still holding a few. I do think their strategy is proving a little too clever for their own good. Shorting Ocado is a dangerous game. Why didn’t they short more obvious targets like Debenhams, Interserve and Carillion? Shorting highly rated stocks is always a very dangerous and reckless game. They may be overvalued, but in a bull market they can still double or triple, and the right call may be years away. Ocado is also an interesting business model with success or failure ultimately quite unpredictable.
topvest
29/6/2018
14:23
75k director buy at 80p but marred by drop in NAV caused by revaluation of 20% stake in SAM. Can certainly argue that will work the other way if/when SIT is successful. However, for the time being, it isn't. Reluctantly sold at a 10p NAV discount, though still stuck in some in another a/c so will keep an eye on them.
spectoacc
21/6/2018
13:49
Sinking again, last NAV was OK (c.91p) but are they still short OCDO? That walloped the recent recovery to c.95p NAV.
spectoacc
23/4/2018
17:37
NAV still going up despite FTSE having bounced - finally improving perhaps.
spectoacc
14/4/2018
18:16
Their shorts are probably starting to perform a tad better.
topvest
06/4/2018
08:31
Price ticked up, NAV ticked up, but still been a lot of value destruction. Director buy of 120k at 83.5p the other week - wish I'd waited until then to buy! :)
spectoacc
02/3/2018
08:38
Didn't read anything that thrilled me in the Half Year Report - capital gone for good I'd say - and some doubt over value of SAM post-MIFID. Nothing new tho. Reluctant to sell at a thumping discount but I reckon I'd ditch it on a dcb. Continuation vote in 2020 may be something to look forward to if the discount persists.
spectoacc
01/3/2018
16:25
"Unsurprisingly given its net short position for most of 2017, its correlation with the UK equity market since launch remains extremely low at 0.03x. " You don't say.
spectoacc
06/2/2018
21:23
Unfortunately, these fund managers are too clever for their own good. I've often be tempted to short, but stayed away. Its a dangerous game. Much better in my view (but less greedy) to buy quality or value and adjust your cash holding depending on where we are at in the cycle (i.e. I'm 20% cash at this point). If we do get a bigger correction or a bear market, they may do better but performance to date is none too clever.
topvest
06/2/2018
13:29
I think they've acknowledged it themselves already but they're basically betting against momentum. That can work at the top/bottom of the market, but who can call those, and how many of them are there? For the rest of the time, they're shorting risers and longing fallers and losing our money hand over fist. As you say - easier to short CLLN, PFG, CPI, DEB etc as they fall, than to short the likes of JE. on the rise. Love that their biggest long - BAB - fell out of the FTSE 100 at the last review to be replaced by their biggest short - JE. Would be interesting to see how their performance compares to a FTSE tracker - my guess is NAV would be nearer 150p than under 90p. But it's the road back that worries me - just not sure how they're going to manage it. (Tho re-reading the above makes me think we're the fools - we should have gone short SIT!).
spectoacc
06/2/2018
13:03
Yes, they have lost it. Why not short Carillion, Interserve, Provident Financial, Debenhams. They are shorting very dangerous stocks to short and backing long value traps. Only have a small holding, but it doesn't look too clever.
topvest
05/10/2017
08:47
Despite reservations, have bought an initial amount at 91.75p vs c.96p NAV. Never liked these at a premium, prefer them at a discount. On performance so far, wouldn't surprise me to see that discount widen further.
spectoacc
02/10/2017
13:02
They should have shorted the ones that went down you mean? :)) Agreed tho, always a mistake to short something with positive momentum, almost at whatever sky-high valuation it's at. Ocado another that springs to mind - could lose on that for years. Just looked at this: "Investment Objective: To provide an absolute return in excess of 2% over the rate of inflation (measured by RPIX) and to provide low correlation with leading UK and European equity indices." A pretty poor 3yr record. Yield of 1% at best, and NAV sat at 96.5p. Still - they've got the low correlation nailed. Markets gone up loads.
spectoacc
02/10/2017
12:57
Yes, agreed - unlimited downside and limited upside. Think they were a little stupid to be shorting Just Eat. That's a recipe for disaster in a bull market, albeit they will eventually be correct proved that they can keep their nerve. They would be much better off shorting the obvious candidates of Debenhams, Carillion, Petrofac, Interserve etc. who are in financial difficulty.
topvest
02/10/2017
06:57
No dividend-while-you-wait though. Trouble with shorts is just how badly wrong they can go - will they still be in when the market eventually turns?
spectoacc
29/9/2017
20:55
Starting to get interested in buying some more of these as they will do well with their shorts when we have a market correction. To date they have had a difficult time and maybe they are too clever with their long / short book. Shorting a growth stock like Just Eat is a dangerous game when there are easier targets out there. Its their short book that has caused them problems but that could turn quickly. I will watch the discount as think this could do better in the next 2 years and offer some downside protection.
topvest
15/9/2017
07:44
To some extent they must suffer the same problem as all the others holding stakes in the management co - when it's going well, the management co is worth more and so is the trust and so is the management co and so on. When it's going poorly, there's the risk that goes into reverse. I doubt SIT is going "poorly" enough just yet, though they won't be looking good in the tables. Not sure how their Unit Trusts are doing. Spoke to them a while ago when I thought about investing and only the premium put me off. Now the performance does. Edit - had to smile at this: "Investment Objective The Company's investment objective is to: deliver absolute returns of at least 2% per annum, compounded annually, above RPIX; and be an asset diversifier for shareholders by targeting low correlation with leading large capitalisation equity indices. " It's certainly low correlation! Markets gone up, SIT gone down.
spectoacc
14/9/2017
21:05
Well this has performed very poorly to date. Are they trying to be too clever?
topvest
14/9/2017
13:04
This is a winner.
hersonator
13/9/2017
14:15
short and wrong. little humble pie either.
edwardt
18/2/2016
11:59
asset management to be conservatively valued. £600m + of aum still means it will be a nice uplift when it comes!
edwardt
16/2/2016
10:52
well done topvest - for me the modest premium offers good value for the sam shareholding. also 'value' had its first period in years of outperforming growth which is conducive for the strategy....
edwardt
29/1/2016
21:21
Well I bought a few at 102p today. Certainly an interesting little investment trust with a distinctive approach.
topvest
Chat Pages: 114  113  112  111  110  109  108  107  106  105  104  103  Older
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