Silverdell Share Discussion Threads

[marlint111] 08/7/2013 19:54

CR- there's a hell of a difference between a 23% annual gain and 12 % (the difference between turning £1000 into £1762 or into £2815 over 5 years)

I'm sure you're right that if you strip out the top couple of performers, you lose a lot of that compound gain- however I suspect the same would be true for the FTSE fledgling (i.e. a couple of companies account for a lot of the gain)

[pj 1] 08/7/2013 19:54

CR
Enjoy your posts and comment. But you are now starting to come up on the side of barge polling any Cos who present to PI's?

Vested interest as I hold quite large VLK, who presented at Mello last week :-//

[pj 1] 08/7/2013 19:21

HVS
Why don't you grow some Balls and actually attend an event? I am sure many posters and investors would love to meet you.

However despite all your bravado and perverse enjoyment form others failures, i doubt you would have the Guts to introduce yourself

Its commonly called Cowardice...

[hvs] 08/7/2013 18:55

lol !!!!!!

I likes my chppaties.

[woodcutter] 08/7/2013 18:44

dasv.............yep not all cases will be the same but i can tell you from experience it's not a very good atmosphere, moral is poor then fear sets in as no new business is generated followed by anger and resentment of the directors as people begin to lose their jobs.

It does become rather self fullfiling as you say and i guess the only way to remove that aspect is for the business to move quickly to reassert itself, if they are in for a long drawn out affair then expect the worst in my view.

As i've said before good luck to those holding, there must be something they can salvage from the business.

hvs...........are you for real?

WC

[speedsgh] 08/7/2013 16:04

I note that SID was not so long ago one of the top 5 holdings in Gervais William's Diverse Income Trust. However in the trust's factsheet dated 31/5 SID no longer features anywhere in the top 20.

Is anyone aware of when SID fell out of the Diverse Income Trust's top 20 + whether any reasoning has been given by Gervais Williams (perhaps in previous factsheets to which I don't have access) for his apparent ditching of the share?

Many TIA.

[yf23_1] 08/7/2013 15:48

Put your bib on hvs you're sarting to dribble

[hvs] 08/7/2013 15:09

lol !!!!!!

lol !!!!!!!

Have a chappatie.

[davidosh] 08/7/2013 14:28

Just for the record. The Mello list shows ALL companies who were represented at Mello even though for example...

1. Assetco (Under their previous name)failed to provide a director and their IR man came along. None of us were impressed and I do not think anyone invested in them.

2. About five other companies have also had very negative write ups and were probably unlikely to gain many new investors after the meetings so the Mello event can be useful to discourage investing until one has met management !

3. The table does not include dividend income and at least a third of those companies do pay dividends and some are very big including St Ives and Hansard as examples so to get a true shareholder return figure that would need to be included.

My own Mello portfolio of companies are doing very well indeed and any investor getting returns of near 30% over each of the last five years should be very pleased with that level of performance

[hvs] 08/7/2013 14:25

Chappaties anyone ?????

[dasv] 08/7/2013 13:51

24% compounded is superb.

--

Woodcutter - I can certainly see how it can be self fulfilling. Not all cases will be the same though. I expect the share price to be punished (of course) but also suspect the market will overreact.

[alunmorris] 08/7/2013 13:27

hxxp://mellomeeting.co.uk/ now shows compound annualised gains. I'm sorry for the error.
Average annualised gain is now only 23% since 2008.
Thanks to snowydays for pointing out the mistake.

[mechanical trader] 08/7/2013 13:01

What a shambles.

Motley Fool investors...... superior......


LOL LOL LOL LOL LOL LOL LOL.

[mechanical trader] 08/7/2013 13:01

What a shambles.

Motley Fool investors...... superior......


LOL LOL LOL LOL LOL LOL LOL.

[alunmorris] 08/7/2013 13:00

snowydays,

Doh, you are quite right. I am fixing it now.

[snowydays] 08/7/2013 11:59

With respect alunmorris the figures in the table on that webpage are inaccurate.

I'm sure everyone here understands the difference between compound and simple interest. The annualised gains in that table seem to ignore compounding. The average gain is not nearly 40% year on year (ok 37% in the table) it is closer to 24% compounded, and that was achieved in a bull market.

It's still a good performance, but I think CR is right to question the 40% figure.

[woodcutter] 08/7/2013 11:37

Although it was many years ago when i was a young project engineer i have been unfortunate enough to have experienced working in an environment under the control of administrators in a similar capital projects industry and it was very frustrating.

The business i worked for carried on trading but the bureaucracy, particularly on financial controls was over zealous, everything took forever to be sanctioned by the administrators. The most difficult part of the whole process was the complete fall off in new orders so no new business. As existing contracts were completed over time many of the employees were made redundant as there was insufficent work to keep everyone employed.

Naturally everyone was looking for new jobs and it became clear over time that the business would close which it eventually did. In order to complete the outstanding contracts we were offered bonuses to stay on until that completion date which many of us did.

One other interesting aspect was that in the rumour phase prior to administrators coming in one or two customers where we were in the design stage of their contracts came in and took away pretty much as much detail as they could copy. Seemed odd at the time but became obvious why several weeks later.

The impact on the business for an event like this cannot be understated as many investors here seem to have grasped. More than anything the inflow of new business is critical to the the future life blood of the company and without that it's very hard. Understandably there's a reluctance to give business to a company in administration.

Granted this was a long time ago and things may well be much better now but it serves to demonstrate how difficult this process can be.

WC

[alunmorris] 08/7/2013 10:44

CR implied that the Mello portfolio performance is biased because I suspect tho a co that isn't doing well isn't going to want to be invited [to Mello] and is less likely to be invited.

That seems a good filter to me.

What's happened to RGD's visits there and the 'lovely yum yums' they brought with them to shmooze investors at Mello? The dogs tend to slide off the radar there imo and replaced by a new hottie - that enhances the stats imo.

Real Good Food and in fact all the companies that presented at Mello Monday since I started tracking them in Oct 2008 are still in the table at hxxp://mellomeeting.co.uk

[cnx] 06/7/2013 03:19

should the nomad, finncap, have a role to play in advising shareholders of the facts and uptodate situation?

[erb2008] 06/7/2013 00:01

AdamB- I am assured that is the case - and despite being a negative synic am as confident as possible that is correct 95%+ - regarding the share price I think it will get hammered as a result of confidence in the management ( I do not necessarily agree but that will be the perception) - but it will come back on delivery of results - and I think they are delivering results - this is just one almighty c@ck up that started over a few £k

[dasv] 05/7/2013 20:30

10 years - long time for a poster of his ilk.

[tom.muir] 05/7/2013 20:07

I remember hvs from about ten years back. At the time he was pumping and dumping Mayflower. Unfortunately he forgot to dump. Probably explains why he is still full of sh*t

[boros10] 05/7/2013 18:30

I am not try to suggest meeting management teams randomly drawn out of a hat will yield such stellar performance but it would certainly produce better result for many investors.

I think the returns I quoted are based on when a Company first presented at Mello. Sure there is a tendency to pick successful companies with engaging managements but I'd hardly want to sit through two or three hours listening to a load of rubbish companies/managers. Naturally, mistakes are made and some of the companies turn out to be poor investments because either the business is unsound and/or management is dishonest or incompetent.

Which brings me back to my previous post about always relying on your own judgement in the end.