Venture Life Share Discussion Threads

[big7ime] 09/2/2018 12:50

I meant Mazda, must have been text prediction/typo combination

[big7ime] 09/2/2018 12:49

Mascara cars? What do you mean?

[big7ime] 09/2/2018 12:47

Interesting that in this downturn metals/oil/bonds/property even silver and gold are also falling so basically everything. There appears to be no safe havens. Historically the shares of utility cos etc would be regarded safe havens but these too have tumbled
Is it the cycle, end to cheap money and quantitative easing? It has pushed debt to record levels, so is inflation the only thing left to reduce these levels of debt.
My theory is that the worlds money supply is intangible and debt built to such a huge percentage of wealth that the actual wealth has to fall to write off debt so hence everyone with money finances those with debt. Apparently for each pound in the bank there is about 97 of debt! Mind blowing. Assets prices reduce as realisation that true wealth has reduced as losses mount in new age economies such as high tech firms, banks, etc. How can China have huge debt? ahhh my head cannot compute

[apad] 09/2/2018 12:35

I see j. Buy and forget is not the same as stalwart stocks as the field is wider.

A week to go to the next income tranche - hope the panic continues.

apad😎
ps
I am getting to really like Mazda cars - must be getting old!

[hydrus] 09/2/2018 12:30

TopTrump our of interest which companies do you like? I've only seen you talk positively about one company which you said you owned, KIER, which is down circa 25% since you mentioned it. That must sting a bit. Not ideal to be losing money even before the crash that you are predicting happens.

[janeann] 09/2/2018 11:59

buy and forget stocks - did answer that briefly apad - pasted below; but hadn't realised that was in fact your stalwarts list

pctn is a property reit; mainly commercial and pays c 4%. Ive held it for years and its given decent cap growth as well as income. CLIG is another one - but the director is due to step down and he has published when he will sell shares and at what price. pays 6 or even 8% I recall. Id nearly put acso on the list now

edit would add ztf to the list now.

does seem remarkably calm this am - expected some big drops - perhaps waiting for the US to start the ball rolling down the hill again?

[toptrump1] 09/2/2018 11:52

You talk some sense redartmud and the reason everyone gets caught because who really knows what these institutions are doing

The fact most are leveraged up to the hilt also exacerbates the situation when the wheels come off

You may not be borrowing but some of you have way too much invested


APAD
BTFD always works, Hydrus, until it's not a dip :-)

No cash available until next Friday, so I can't play.




Really? Do you leave yourself that short? Mad man

[redartbmud] 09/2/2018 11:25

FELIX

Yes a bit of smoke and mirrors isn't it.

dacian
Yes, the bots were behind the credit crunch.
a prolonged and rapid swing, that gains momentum, throws models out of the window before the geek controlling the power decides to switch off. The products are normally very highly leveraged and the poor sod on the wrong end is left with a very illiquid position that is down the toilet by multi digit numbers. I don't believe that senior management, removed by several layers of middle management, has a clue about the level of downside risk to which they are exposed.
Ever increasing profits, needed to service obscene bonuses on top of ludicrous salaries generated by non-targets, do seem to be the driver. Until the wheels come off. Reserves,cash and banking covenants prove to be miniscule in relation to the size of the hole.
Extreme thinking, yes. Plausible, yes.

red

[felix99] 09/2/2018 11:10

IG L2 is very good - you can see the panel of quotes if you ask for a price to buy or sell with the RSP and the size you want to trade in.

Often amazing that the there might be only one MM on the offer on L2 and when you ask for a quote the MM on the offer isn't offering a price but another MM not on the offer might be.

[redartbmud] 09/2/2018 10:42

With interests about to rise, and bond prices falling, should I sell my LLPC - Lloyds 9.25% Non-Cumulative Irredeemable Prefs, bought in 2012 below par?
Currently trading at 169.5/173p

Yes, I get about 7.5 years income in one hit, but how do I replace it?

Sitting in an ISA.

red

[apad] 09/2/2018 10:40

I chatted to a woman in our local Waitrose, red. Her basket was full of the tonic.
No idea that it was the product of a UK company you could buy shares in.

I like G&T and there's no going back. The ice and lemon one used to flood the gin with was to mask the taste of the tonic.

apad

[redartbmud] 09/2/2018 10:22

Looks like calm before another storm for now.

APAD
A couple of days ago a relative threw out a comment on Fevr.
As a gin drinker, she said that if she was in the market, she would buy shares in Fevr. It would appear that she is now a firm buyer on the product!

red

[redartbmud] 09/2/2018 10:17

Felix

I understand what you say re: the auction process.
What is more opaque now, is the ability to trade at quoted prices in certain circumstances.
The MM's can quote a price, but it would appear that they do not have to deal, should they choose not to.
All of the online trading platforms have a panel of MM's on the other side of the fence. Although you only see one buy and one sell price, I am sure that each of them has a different idea on the direction and amount of travel that a share price will achieve in the short term.
Example - If. as a MM, you have just bought 20k of a stock in a falling market, you are likely to let a rival buy the next 20k on offer.
Occasionally there is a contango situation that arises when the bid/offer price gets switched around. Theoretically, you can buy and sell simultaneously at a profit. at that point, the market goes into auction and the participants adjust their prices to a more normal bid/offer.
I would also propose that they are adjusting their spreads independently.

Now we come to the algos and bots.
How come they appear to be able to deal in milliseconds, placing multiple trades that get automatically filled, disrupting the equilibrium of the market?
How can they place multiple fake orders onto the book, to manipulate a price, then pull them before they have to deal.

As you say, the auction system is controlled manually to the benefit of MM's. Sadly it can leave a bitter taste in the mouth of a PI.

red

PS, Back in the '80's MM's quoted firm or indicative prices, for a given size, on their terminals. If you bid or offered the price and were within the size, they were honour bound to take the trade.


r

[apad] 09/2/2018 09:48

FEVR on sale in Woolworths🤔 in South Africa.
apad😎

[felix99] 09/2/2018 09:10

Red re MM auction and PTSG

I think auction only kicks in if the offer bid on the auction book is below the MM bid at time of auction or auction bid is above MM offer. If price doesn't uncross as it were then auction does not execute any willing buyers and sellers on the auction book . Seems daft to me but no doubt to protect the city MM boys who otherwise would lose out on trade if you could by pass them through the auction

[redartbmud] 09/2/2018 07:58

Gsk
Lucky timing for my sale, but at a price no where near the top on the day.
they do have large issues to resolve that have the possibility to significantly impact the share price to the downside. My holding is well protected at the running cost.

Leveraged products
I doubt that the management of the businesses behind them have a clue about how they work, but more importantly, the level of naked exposure to which they are responsible for should a major event occur. The meltdown of 2008/09 when liquidity froze, in the banking system, springs to mind.

Close your eyes boys & girls. The movie is about to begin:-)

red

[apad] 09/2/2018 07:12

VCT rns looks reasonably good, although medical is weak.

Their growth potential is based on selling innovative PEEK products as well as the raw material.

Their quality makes it unlikely that safety critical industries will change suppliers without good reason.

apad😎

[apad] 09/2/2018 06:43

IC say sell GSK
"With the put options, potential acquisition
of Pfizer’s consumer healthcare business
and growing demands of the pipeline
ready to drain the group’s cash resources,
we think it is only a matter of time before
investors see their income cut."

Gilead, the company GSK is suing (it collaborated with them in 1900s) is big, so lots of lawyer fees there!

They also say buy Purplebricks - the other company responding to comments through rns!

RDSB is 3.8% above my silly sale. I wonder if a combination of a weaker dollar and oil price together with a correction will allow me to rectify the error?
Less than 2200 would be nice.

apad

[apad] 09/2/2018 06:21

BTFD always works, Hydrus, until it's not a dip :-)

No cash available until next Friday, so I can't play.

Watching CNBC yesterday I was interested in all these peculiar leveraged products that were being made unstable by volatility. I realised that I didn't understand them.

apad

[lauders] 09/2/2018 01:44

Top-up/entry time in ZOO, BVXP, GAW, HCM to name four is looming it would seem. Shame I have most of my funds in companies whose share prices haven't been doing much recently. Expect to see them go down more now. Even FENR which reached 500p is joining the fun!

[hydrus] 08/2/2018 22:37

Red - that's right. Funny how brokers freeze up when you want to act most.

[hydrus] 08/2/2018 22:34

Not sure thelong - I was rambling so you've missed nothing :)Berkshire H - on my watch list too. Also the B shares unfortunately!